Precious metals news

The latest tests mean American cities will soon be in Kim’s reach.

We are clearly looking at a bond bubble, but the breaking point appears to be 2018.

(Personal Consumption Growth “Upgraded,” But Still Worst Since Q4 2009) Today, the Bureau of Economic Analyses released their  "second" estimate for the first quarter US gross domestic product (GDP),

Silver has risen about 2.7 percent this week & is on track to mark its biggest weekly rise since mid-April

Reports that the central bank had ordered such deposits in order to meet liquidity needs were not true, it said on its official account on China's Twitter-like Weibo.

Hong Kong financial strength of the economy will erode in coming years as growth slows & debt continues to rise

A Moody's downgrade makes clear there's no easy way out of its debt problems. The dangers escalating debt present to the Chinese economy are a simple matter of mathematics.

It's a well-known risk, perhaps the biggest to the global financial system: China's debt is too high, with estimates ranging from 250% to 300% of GDP per the IIF:

"Despite this week’s budget proposal, legislative changes that would reverse debt growth look unlikely to us." Translated: US debt is never going down again.

according to our data, some of your daily human visitor counts are reaching 40,000-60,000 this past month.”

For the past decade, Mike Pung has scoured the Oklahoma hills and rivers in search of gold.
From what he told Tulsa's Channel 8, it hasn't exactly proven to be a fruitful venture.
You know, I've been in this for 10 years now, and I have never found a nugget, ever."
But for Pung and other members of  of the Gold Prospectors of Oklahoma City, gold hunting is a labor of love. They spend hours panning in Oklahoma rivers and sifting piles of dirt in hope of finding even the tiniest flakes of gold. After all that work, you may need a magnifying glass to examine the haul. Nevertheless, Gary Whited said the thrill of the find is hard to even explain. He said even a speck can make you feel like you made your way into Fort Knox.

In his most recent Gold Videocast, Peter Schiff pointed out that Pres. Trump inherited an economic mess from Barack Obama. Even if he can manage to get his policies implemented in the midst of the political circus going on in D.C., it isn't going to be enough to stop the downward economic spiral.
Yes, having Donald Trump president is better than having Hillary Clinton as president. But he is not a get out of jail free card for the economy… The problem is the damage is going to hit on Donald Trump’s watch. Barack Obama got out of Dodge just in time.”
Brandon Smith at Alt-Market.com agrees that the economy is due to take a plunge. He takes things a step further, asserting that Trump is just the scapegoat the central bankers have been waiting for. Now they can nudge up interest rates and blame the chaos caused by popping bubbles on the president specifically and Republican policies in general.

Jim Rickards pulls the lid off a true conspiracy — the manipulation of the gold market. Who’s behind it — and why? Read on.

Gold Today –New York closed at $1,257.20 yesterday after closing at $1,251.80 Tuesday. London opened at $1,257.95 today. Overall the dollar was weaker against global currencies, early today. Before London’s opening:

Volatility has been a stranger to gold, despite a plethora of potential geopolitical triggers. Bullion swings narrowed last month to the lowest in more than a decade, and they remain near those depressed levels. RBC Capital Markets Commodity Strategist Chris Louney explains why he believes investors should increase their exposure to gold on Bloomberg North. (Source: Bloomberg)

Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is "a serious policy outcome miss."

Keep in mind that as rates rise, so will the problems with fiscal budgets both on the Federal and States levels within the United States and externally it will hurt emerging markets and Europe.

We know much is currently wrong with our financial world, as discussed in the James Rickards book “The Road to Ruin” and elsewhere. The official U.S. government debt is nearly $20 trillion.

That is, the momentum favors more downside given the ease with which prices fell versus rose.