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Precious metals news

    Gold Leads as Dow Dive Erases 2017 Gains
Jan 12, 2017 - 11:07:51 PST
Gold is leading the way for 2017...
We have been studying China, with the view that the rapid credit expansion in the Chinese banking system will result in significant credit losses
    In the Banker War on Cash:
Jan 12, 2017 - 10:52:55 PST
New Zealand and Canada Are the Next Major Countries on the Banker Hit ListThe
We see that the European Union is gradually falling apart, how the US economy is crashing, & that all this will end with a new rearrangement of the world.
    Brexit Risks Bigger for EU Banks
Jan 12, 2017 - 10:41:11 PST
Bank of England Governor MarkCarney said Britain's planned departure from the European Unionposes more short-term risks for the financial system incontinental Europe than in Britain because of the importance ofthe British financial services industry for the region.
London's financial bosses urged the U.K. government to consider extending Brexit negotiations to a five-year transitional process.
Following an increase in domestic bitcoin interest, a research center backed by India's central bank is now researching blockchain.
A growing number of economists believe that a massive bank bailout may be inevitable in China as bad loans mount.
consumers appear to be spending less on goods, with particular weakness in electronics spending, home goods, and clothing.
consumer credit continues to suggest and even confirm the labor market slowdown
    Describing 'Reflation'
Jan 12, 2017 - 10:01:52 PST
So far as the global economy & “dollar” conditions are relatively worse now than they were even at that troubled time.
Jason and Nomi discuss how the amount of foreign government denominated debt in US Dollars and foreign corporate debt denominated in US Dollars has basically risen an order of magnitude in the last few decades.
    1 in 8 Americans Expect to Die in Debt
Jan 12, 2017 - 08:35:33 PST
12% of U.S. adults with debt expect to die in debt, down from 21% about a year ago, according to a new CreditCards.com report. http://www.creditcards.com/credit-card-news/debt-free-living-poll.php 24% of American adults say they are currently debt-free, the highest reading in the three […]
Fiat Chrysler Automobiles NV shares were halted after plunging the most intraday on record as the U.S. government accused the company of using software that allowed excess diesel emissions in about 104,000 vehicles.
    'Globalization Not to Blame for World Turmoil'
Jan 12, 2017 - 08:24:37 PST
The founder and executive chairman of the World Economic Forum (WEF) – famous for its annual meeting of the global elite in Davos, Switzerland – says globalization is being used as a “very easy scapegoat” for the world’s present “turmoil”.
A global platform that connects the vast majority of the world's banks has begun building a blockchain application to simplify cross-border payments.
The ECB extended their massive bond-purchase program by a longer-than-expected nine months to support the eurozone’s $10.5 trillion economy during a year of potential political upheaval, according to the minutes of their latest policy meeting.
    US Senate Passes Measure in Dismantling Obamacare
Jan 12, 2017 - 06:48:26 PST
US senators have passed the first measure on the way to dismantling outgoing-President Barack Obama’s much debated health care law, commonly known as Obamacare.
    Over 100,000 More Americans Are On Jobless Benefits
Jan 12, 2017 - 06:44:10 PST
This is the biggest percentage rise in claims since May 2009, all happening as small business optimism, consumer confidence, and stocks soar to cyclical highs.
    Bitcoin Crashes to Mean
Jan 12, 2017 - 06:35:56 PST
In terms of yuan, it’s even worse: It plummeted 19% against the yuan on Wednesday & 41% over those five misbegotten days!