Precious metals news

Apple Inc. became the first U.S. company with a market value of more $800 billion as investors bet the next iPhone will spur a resurgence in sales.

THE AMOUNT STANDING FOR PHYSICAL SILVER INCREASES FOR THE 7TH STRAIGHT DAY: NOW UP TO 21.9 MILLION OZ!

In a recent interview with Mike Maloney, Chris Martenson of PeakProsperity.com, called the current US and global financial system "deeply unfair."
Martenson made the case that the system is stacked against the average person in favor of the big banks primarily because these financial institutions never have to worry about the consequences of their decisions.
It’s heads they win, tails you lose. Banks take extraordinary risks, and they make profits, and they get record bonuses. They take extraordinary risks and it blows up on them, and they go and they get bailouts, and now bail-ins. But it doesn’t matter. One way or another they don’t take the consequences for their risky behavior.”
WATCH

Chinese investors are buying gold bars at a torrid rate. China's appetite  helped drive global demand for physical gold up 9% in the first quarter of 2017. Chinese investors gobbled up 105.9 tons of gold in Q1. That represents a 30% year-on-year increase, and was the fourth strongest quarter on record.
So, why the strong demand for physical gold in China? Mao Mao, a gold dealer in downtown Shanghai, told the Australian Financial Review she sees three major factors  pushing the Chinese gold rush - and they all relate to fear.

The price of silver is currently trading at its lowest level of 2017 so far. Our long-term price outlook is much more bullish.

Top analysts at Goldman Sachs had a target of $1220 & that’s roughly where the price has fallen to

The Atlanta Fed has update their Q2 GDP forecast and it is now 3.6%, exactly twice the forecast GDP of The New York Fed's Nowcast at 1.80%. This comes at a time where bank credit growth YoY is slowing. Along with slowing Commercial and Industrial loan and credit card YoYgrowth. I guess it will be…

demand for credit cards is now running at the lowest level in the 5 years the survey has provided credit- card-only data for consumer demand.

U.S. banks with federally insured deposits should be freed from Volcker Rule restrictions that prevent them from taking some types of principal risk, a market-making function that provides a valuable public service, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said.

In early 2013, Congress entered a death
 struggle—or a debt struggle, if you will—over the future of the US economy. A spate of old tax cuts and spending programs were due to expire almost simultaneously, and Congress couldn’t agree on a budget, nor on how much the government could borrow to...

The trials are closed to the public, and the government has released no information about convictions.

And many appear to have a shaky grasp of how interest rates affect debt payments.

For 6 consecutive days, the amount standing for physical has risen.  On First day notice 16.8 million oz were standing.  Tonight 21.5 million oz.  It sure looks like a sovereign […]

North Korea's ambassador to the UK has told Sky News his country will go ahead with its sixth nuclear test

The closure of thousands of retail chain stores last year & this year, with many more to come – from big anchor tenants such as Macy’s to smaller stores such as Payless Shoes – & the bankruptcies & debt restructuring's ricocheting through the industry are having an impact on retail malls.

In this exclusive podcast, John Scurci, Chief Investment Officer of Corona Associates Capital Management, explains why his investment strategy is focused on the on asymmetric investment opportunities presented by the unwind […]

the previous nine times it closed below that level were followed by negative 12-month price returns on the S&P 500 index.

Just as US macroeconomic data surprises collapse back to reality (but stocks hit record highs), so it appears the animal spirits of American Consumers are tumbling...

Health insurers are asking for sharp increases in the cost of their Obamacare plans next year, thanks to instability in the law’s coverage markets that’s been compounded by the Trump administration.

Overall the momentum is leaving the market… but still the stock market index is going higher…