Precious metals news

A senior White House official issued a dire warning to reporters Tuesday on the state of North Korea's nuclear program, declaring "the clock has now run out and all options are on the table."

European Union leaders are stepping up efforts to deal with the more than 1 trillion euros ($1.1 trillion) in non-performing debt weighing down the bloc’s lenders.

U.S. silver imports now account for nearly one-third of total global mine supply.

Conventional wisdom tells us Federal Reserve monetary tightening is bad for precious metals. Analysts typically assume rising interest rates and a strengthening dollar will suppress gold prices. The Federal Reserve has raised interest rates twice in the last four months and has hinted at as many as three more hikes in 2017. While the economic environment and the Fed’s commitment to “data dependent” decision making doesn’t seem to support this trend of tightening, the central bank’s actions have dampened some of the enthusiasm for gold and silver.
But as Investment Strategy: ETF Securities director Maxwell Gold pointed out during a recent interview, this isn’t always the case. Historically, there are periods in which gold and the dollar simultaneously move higher.

That hissing sound you hear is the air coming out of the retail bubble. According to a recent CNBC report, nine retailers have already filed for bankruptcy in 2017. That equals the total number of retail bankruptcies in 2016 and puts the industry on pace for the largest number since 2009, when 18 retailers went belly-up in the wake of the 2008 financial meltdown.

Gold finished the first quarter of 2017 up 8% for its best quarterly showing in a year, and Todd Colvin of Ambrosino Brothers says the yellow metal’s Q1 performance bodes well for the future. In a CNBC interview, Colvin said his focus on the macro picture makes him bullish on gold. “It’s not just US growth. It’s Fed policy. It’s US fiscal policy. It’s European elections,” he said.

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.
Like the tale of the Good Samaritan or the Unfruitful Fig Tree, the Parable of Talents is one Christ’s teachings to his disciples to instruct them of God’s will for Man’s life. Traditional Christian interpretation of the “Parable of Talents” sees it as a didactic and cautionary tale told by Christ to his disciples illustrating the importance of taking risks for the sake of the Kingdom of God. Christ warns his followers to use their personal gifts or “talents” to further God’s work. Failure to do so appropriately would result in severe judgment.

Hard to believe that Silver hit $50 an ounce in 2011? Silver is off to a good start here in 2017

The American economy presents more risk to the US stock rally than the political strain between President Donald Trump and Congress that investors are currently concentrating on, according to veteran money manager Bob Doll, as quoted by Bloomberg.

Like being stuck in the clouds looking down on the pixelated world below, central planners look down on civilization as if it were a mosaic, subverting individuals to their own interpretation of “the big picture.”

How about slowed to 3% YoY! The 11-year headline from Fox is really overselling the report.

...why unbridled credit expansion by the main central banks in USA, UK, EU & Japan does not appear to be reflected in a commensurate rise in the general price level, affecting all sectors of the economy. Further, governments’ suppression of interest rates...

Yes.

Almost half of youths unemployed in bloc’s depressed countries. The debt crisis remain very raw.

Besides the markets being more extended, bullish & overvalued than at virtually any other point in history, they are currently more levered as well.

JPMorgan Chase & Co. CEO Jamie Dimon: “The United States of America is truly an exceptional country,” & “it is clear that something is wrong.”

Fed Bank of Richmond President Jeffrey Lacker is resigning immediately, after disclosing his role in the leak of information related to the central bank’s deliberations in 2012.

Retailers, already this year’s worst performing stocks, just got hit by a new round of bad news.

As Treasury Yields Hover At Key Support Levels. With the yield curve having already collapsed below pre-Trump-election levels, all eyes are on the 10Y Treasury yield and a crucial support

The European Central Bank has declared victory over deflation in a watershed shift in policy, clearing the way for an end to negative rates and emergency bond purchases after years of deep economic malaise.