Precious metals news

Germany’s finance minister Wolfgang Schäuble ruled out a debt cut for Greece while it was still a member of the single currency bloc

An epic deflation still awaits & eventually will be triggered by the implosion of a largely uncollateralized, quadrillion dollar derivatives bubble. A further, irresistible catalyst will be the zeroing out of deferred, unpayable liabilities in our pension and healthcare systems.

"With elections in France & Germany, Brexit woes & an Italian banking crisis on the cards we would be fools not to consider gold."

Could a 20% pop higher for this commodity be lining up? Our call of the day believes that to be the case.

The EU has to reform, otherwise it may disappear in the face of multiple external and internal threats ranging from jihadism to Vladimir Putin, Guy Verhofstadt, the European Parliament’s chief Brexit negotiator, has warned.

Two of China’s most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin effective immediately.

Goldman (US Treasury data): foreigners now dumping US Treasuries at record rate

Let’s not forget, gold loves inflation.

Germany has completed an effort to bring home 300 metric tons (330.7 tons) of gold stashed in the United States, part of a plan to repatriate gold bars kept abroad during the Cold War.

According to the most recently released financial reports, the top three U.S. oil companies combined net income was the worst ever. The results can be seen in the chart

The U.S. administration should blame itself rather than Germany for a recent strengthening of the dollar against the euro, the head of Germany's Bundesbank said on Tuesday.

China's central bank issued its harshest warning yet to the domestic bitcoin industry, saying that platforms trading the virtual currency risk being shut down if they skirt rules on money laundering and foreign exchange.

Did Gold Just Place A MAJOR Buy Signal?

Trump killed the secretive globalist TPP trade agreement. But Louis Cammarosano has a warning...

Silver prices have been climbing steadily recently, rising almost 12% since the beginning of the year. The cost of silver is normally closely tied to the rise and fall of the price of gold, which has also seen a recent jump. Causes for the push in precious metals include a sluggish dollar, political and economic uncertainty surrounding Trump’s executive orders, and the Fed’s pass on an interest rate increase last month.
Another factor to consider is Trump’s stimulus plan, which promotes investments in infrastructure: roads, bridges, electrical grids and telecommunications. The industrial uses of silver would make it a high-demand commodity within such a pro-growth environment. Whether Trump’s stimulus plan finds enough congressional support among Republicans is still to be determined.

China rejects NY pricing of gold as a fraud...arbitrage will now commence fully:

Will President Trump order Janet Yellen to engage in outright money printing to devalue the dollar?  I think he’ll do it, and here’s why:

Have you seen the movie “Gold”? Naturally I had to see it. But not just because of the topic; it’s loosely based on a true story of what happened to a gold mining company in the 1990s.It’s a fun romp through a series of events I’ve read a lot about. I even know someone who had invested in the stock.Spoiler Alert: If you don’t know the story the movie is based on, or haven’t see the film yet, this review gives it away.

No country wants its currency to strengthen,” He continued: “Gold was down a lot, so I bought it.”

As the majority of the metals market seems to be awaiting a “pullback,” the metals market, like the equity market, has been quite stingy.