Precious metals news

The biggest driver of the drop was a 0.5% MoM drop in Motor Vehicle inventories. This does not bode well for Q2 GDP...

A health-care bill passed by House Republicans would increase the number of uninsured by 23 million and make coverage costlier for those who need it most, according to the Congressional Budget Office.

San Francisco, which in recent years had the biggest home-price gain in the U.S., was the country’s weakest market in the first quarter, with values falling for the first time since 2011.

...a surging stock market & other forces lifted sales of $1 million-plus homes to the highest level ever for a first quarter.

Home Capital woes combined with new taxes begin to cool Canada's hottest market

There are those in the Fed who are desperate to find an excuse to raise interest rates. The one being bantered about is the Fed needs to raise rates to help the....

At $12.73 trillion, household debt sits at a record high. We’re told to look the other way, that it’s a nominal figure & more importantly that debt as a percentage of gross domestic product (GDP) is nowhere near where it was back in the bad old days of 2007.

The trouble is, Fed officials will eagerly admit they have little clue how their actions will impact financial markets and, in turn, borrowing costs.

Former Fed Chair Bernanke said on Wednesday the BOJ may need to make a temporary commitment to allow inflation

The eurozone's monetary woes never end. They mutate into a different form as the economic cycle matures, just as intractable in good times as in recession.

French bank BNP Paribas on Wednesday agreed to pay $350 million to New York’s banking watchdog to resolve a probe of misconduct in its foreign exchange business, which the regulator said enhanced the bank's profits at customers' expense.

Step Aside COMEX, the Chinese Have Just Created Silver and Gold Contracts that Demand PHYSICAL Delivery:

London's gold benchmark experienced large, unpredictable fluctuations after some banks left the auction that sets the price relied upon by the $5 trillion-a-year bullion market, according to a Reuters analysis of trading data.

FOMC Minutes release reaction high of $1257.90 with a gain of 0.43%. Silver rose to as high as $17.199 and ended with a gain of 0.70%.

Good news for precious metals investors in Arizona.
On Monday, Gov. Doug Ducey signed a bill into law that eliminates states capital gains taxes on buying gold and silver specie. It tax repeal will not only benefit Arizonans who invest in gold and silver, it will also facilitate their use as currency and undermine the Federal Reserve's monopoly on money.

Some have dubbed it the "Trump Bump."
Since the election of Donald Trump, the stock market has soared. Many Americans believed the new president would turn things around and "make America great again!" Meanwhile, the sale of precious metals has slumped in the US. While sales of gold and silver have soared in places like China and India, Americans have been buying up US stocks.
But is the unbridled optimism warranted? Peter Schiff doesn't think so, and believes now is the time to think like a contrarian, and buy gold and silver. In his latest Gold Videocast, he explains why

The US government isn't the only one piling up debt.
We've reported on the ticking debt bomb in the US. Apparently, the timer is ticking in China as well. This week, Moody's downgraded the country's credit rating from A1 to Aa3, and changed its outlook from stable to negative. It was the first downgrade of China's credit rating since 1989.
Meanwhile, Chinese investors are buying gold.

"Congratulations to Arizona Campaign for Liberty for their successful efforts to pass HB 2014 through the Arizona Legislature

Since 1971, & the disconnection of the dollar from a finite gold backing, the value of money (the dollar) has been determined by it's ...

Shacks galore? The mania is reaching a fever pitch.