Precious metals news

Stagflation Trouble Looms.

A measure of U.S. inflation expectations, in the meantime, rose for a second straight month in January to its highest level since mid-2015,

The fact is, the Europen Union has no future at all in its current form. And I suspect you are in for as big a shock in 2017 as you were in 2016.

significant risks remain, including an abrupt end to a massive credit boom or an overly aggressive policy response if inflation should speed up, according to Goldman Sachs Group Inc.

Bank of Japan ........If more easing was needed to deal with deterioration of the economy at home & abroad.

Silver is beginning to act with less volatility, and more like a slightly “jacked” version of gold! On rallies, silver is outperforming gold against the dollar, but not excessively so. […]

The European Central Bank can set binding requirements if it thinks a bank is not cutting its pile of unpaid loans fast enough, the ECB official in charge of tackling non-performing loans (NPL) in the euro zone said on Wednesday.

The Fed wants to wait the shrink its balance sheet until it has “confidence the economy is on a solid course.”

The fear of what Fed Chair Janet Yellen on Tuesday – & other Fed governors earlier – called “waiting too long” before raising interest rates is increasingly inserting itself into Fed pronouncements.

(YOU MAY LEAVE YOUR SAVINGS IN SAN FRANCISCO) It was an attempt to trade off the mortgage rate for a share of appreciation in the home. Instead of an 18% mortgage rate, the borrower only pays, say, 10% on their mortgage, but promises to give up 50% of the gain on the…

That combination of high inflation & economic decline is an all too common occurrence & a devastating one because it destroys the purchasing power of consumers (workers), who, with surging unemployment, cannot demand wage increases to compensate them adequately for the loss of purchasing power.

Investors beware… This newfangled class of bail-in-able debt was cooked up last year by French-based financial engineers in order to help France’s four global systemically important banks (BNP Paribas, Credit Agricole, Groupe BPCE and Société Générale) out of a serious quandary

Silver has a upside target of $21.00. That's 16.6 percent from the current price near $18.00. Silver is slower to move, but it has more room to move and that delivers better profits.

This month, we have seen an acceleration of inflows into physical gold, which a positive sign fundamentally. Inflows due to geopolitical concerns, persistence of low real rates globally, & growing US inflation expectations.

BANKERS ATTEMPT TO WHACK GOLD AND SILVER TODAY BUT FAIL - SILVER APPROACHES 18.00 DOLLARS PER OZ!

Fed Chairwoman Janet Yellen testified before Congress today with a hawkish tone that sent gold prices downward and bond yields upwards prior and during her testimony. Gold spot prices were down around $11/oz. toward the end of Yellen’s testimony. The 10-year note rose to 2.5% from 2.43% while the 2-year note yield jumped to as high as 1.25 % from a low of 1.18% during her speech, according to CNBC.
Yellen’s comments strengthened the likelihood of interest rate increases for the foreseeable future, stating that “waiting too long” would be “unwise”. She qualified her comments with the warning that raising rates too rapidly could “risk disrupting financial markets and push the economy into recession.”

Last week 63-year-old Kenneth J. Plonski was charged in a Michigan court for defrauding the Copoco Community Credit Union of more than $70,000. Plonski claims he was also duped by a “friend” into wiring cash to Africa to buy gold. However, Plonski claims he never received any African gold.
The alleged scam is a classic case of “robbing Peter to pay Paul”. Plonski allegedly took out a mortgage with the CCCU in 2014 and began making his monthly payments. Court records show Plonski also used the mortgage to secure a Visa gift card with a $20,000 line of credit, according to a local Michigan network.

With the shadow of rising inflation hovering over the economy, it’s conceivable that bond investors will continue to lose money and begin to put their

Inflation and deflation battle for control of the global economy. What happens to gold? Brian Maher has more...

Price Action Over the Prior Week. Anecdotal and Other Sentiment Indications. Price Pattern Sentiment Indications and Upcoming Expectations.