Precious metals news

Nobody malinvests or spends like government, particulary government pension programs. According to Chicago City Wire, The Chicago Teachers' Pension Fund (CTPF) paid out $1.5 billion last fiscal year, mostly on benefits to retirees. But it only earned $7.8 million on its investments, according to a filing it made with the Illinois Department of Insurance.  …

Santander USA apparently only took the time to verify income on roughly 8% of the loans they subsequently dumped into ABS facilities & sold off pension & insurance companies.

As Monstrous Decline Rates Eat Into Cash Flows. If you believe the recent surge in U.S. oil production suggests that good times are here once more, think again.

Japan has managed to offset decades of deflationary dynamics, but at a cost that is hidden beneath the surface of apparent stability.

President Donald Trump would dramatically reduce the U.S. government’s role in society with $3.6 trillion in spending cuts over the next 10 years in a budget plan that shrinks the safety net for the poor, recent college graduates and farmers.

Noble Group Ltd.’s crisis deepened after S&P Global Ratings flagged a risk of default for the commodity trader within a year, triggering a rout in the company’s shares before they were suspended in Singapore ahead of a company statement. The 2020 bonds fell to a record low.

Concerns are mounting in international financial circles that the present status of China's economy is getting closer to what had existed in the US when it was hit by the crisis triggered by the collapse of Lehman Brothers in 2008.

MORE than half of European business leaders expect the eurozone to shrink or collapse in coming years, according to a new report.

IMF and eurozone states fail to bridge divide over Greek debt relief raising prospect of a summer crisis for the single currency if Athens misses repayment

The London stock market flattened Tuesday, with sentiment dented by a deadly terror attack in Manchester, but eurozone equities rallied on bright data. The British capital's FTSE 100 index of leading blue-chip companies added just under 0.1 percent, while the pound remained under pressure following

Derivatives Expert Rob Kirby Explains How the US Bond Market Has Become the BIGGEST FINANCIAL HOAX ever perpetrated on mankind:

The last two times hedgies were this short, silver managed notable gains...

This article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
In my previous article, Being a Good Financial Steward: A Lesson from the Parable of Talents, I encouraged readers to follow the example of the good servants by finding a return on their precious metals. The good servants traded their talents (literally weights in gold and silver) in order to gain more talents.
And unto one he gave five talents, to another two, and to another one; to every man according to his several ability; and straightway took his journey. Then he that had received the five talents went and traded with the same, and made them other five talents. And likewise he that had received two, he also gained other two." Matthew 25:15-17
While it’s not clear what activities were in involved in the trading of these talents, we are confident that the good servants were productive....

Could Trump be facing his own Watergate?
The president's firing of FBI director James Comey in the midst of probes into the administration's possible connections with Russia set off a political firestorm. There has even been talk of impeachment in recent weeks.
While at this point, much of the rhetoric spinning around the Beltway is political in nature, the controversy surrounding the administration still spells trouble for Trump. Even if there is no fire burning underneath the smoke, political opponents will undoubtedly leverage the chaos to slow the administration's agenda.

Gold is up nearly 10 percent this year and it might be primed for more gains.

A 400-year-old gold coin worth over $17,000 was found by an amateur treasure hunter at the bottom of the Yauza River in Moscow.

Could these reversal patterns mark a turning point in the global markets for traders?

Why in the world did Bix Weir, an outspoken critic of all central banks and especially JPMorgan, sign on today for a financial relationship with arch enemy JPMorgan?

A new gold futures contract is being introduced by the Hong Kong Futures Exchange (two contracts actually).  The two contracts will be physically settled $US and CNH (offshore renminbi) gold […]

The Chinese never promoted it as a single reserve currency; now Western advocates have to reconsider their position.