Precious metals news

The Bank of Mexico (Banxico) has become one of the first central banks in the world to reveal its gold bar list:

I know that shorting the front end of the US yield curve is a crowded trade, if there is one thing that I have learned, it’s that crowded trades never end well…

Payrolls printed 235k vs 200k expectations (but was only in line with the whisper number of 235-240k) and earnings disappointed... the result appears to be "sell the news" in the dollar...

While the headline data was stronger than expected, the growth in average hourly earnings disappointed again, rising 0.2% M/M, below the 0.3% increase expected, following last month's disappointing 0.1% increase.

The global economy could topple over at any time. Investors should worry first about getting their money back.

Societe Generale's Albert Edwards on Thursday warned that the Fedwill sow the “seeds of destruction” in the bond market if it moves to hike interest rates next week as widely expected.

The Fed is over 300bps "too easy" - the most sine the dreaded Arthur Burns fell behind the curve in 1977.

Rents fell last month for Manhattan apartments of all sizes, the first across-the-board price decline in at least four years, as a construction boom brought more buildings to market and allowed some tenants to leave for bigger or newer units.

Corporate executives are buying their own firms’ shares at the slowest pace in at least 29 years, the latest sign of uncertainty as the booming U.S. stock bull market this week enters its ninth year.

Good Luck With That His administration plans to balance the budget with what he says will be huge gains in economic growth.

Bix Weir analyzes the latest announcement from the LBMA and exposes the Deadline for the Silver Rigging Mechanism! Is this huge story that being swept under the rug so people […]

After A Week of Relentless Selling That Began With 150 Million Oz of Silver Dumped onto the Market, Gold & Silver Have Just Broken Below Critical Support:

Is THIS the reason some of the biggest money managers and investors on the planet are talking about moving money into gold and silver?

To understand the impact of inflation on the US dollar, it’s helpful to compare its purchasing power to gold over time. Fifty years ago, the dollar’s value was quite substantial, but over time artificially low interest rates and money printing by the Fed have helped erode the greenback’s potency. In contrast, gold’s unique ability to preserve wealth and purchasing power is easy to see when compared to the dollar over the same time period.
The following infographic shows the difference between two different savings scenarios:
If each person then went on a spending spree, here’s what could they buy.

Today we look at the wages paid to oarsmen on warships in ancient Athens in 450BC. It tells us a great deal about the silver price today…

Since “Surprise 16” when Donald Trump won the presidential election, he has made it clear that if he has his way, he will enact inflationary policies.

What is particularly notable is that there were 3,002 financial institutions that have failed since 1970 and 586 that have received assistance. Of the 15 FIs that have $19 million or more in total assets, all received assistance except three.

President Donald Trump pushed his White House team on Wednesday to craft a plan for $1 trillion in infrastructure spending that would pressure states to streamline local permitting...

“In the past six decades, the average length of time from the first tightening to the end of the business cycle is 44 months; the median is 35 months; and the lag from the initial rate hike to the end of the bull equity market is 38 months for the average, 40 months for the media.”

“it appears the bar lists for these transferred bars were lost or destroyed.” The Plot Thickens...