Precious metals news

Europe has been engaged in brinkmanship, but the danger of brinkmanship is that there is a high probability that eventually one goes over the brink.

Mario Draghi is set to get a bigger taste of inflation, just not in his preferred flavor.

cash remains scarce & scores of people have reportedly died while waiting in line at banks & ATMs. Modi had said the “pain” would end by Friday

Cash shortages weeks after Indian Prime Minister Narendra Modi's decision to abolish large currency notes are making allies and members of his ruling party anxious, with some distancing themselves from the move ahead of a series of state elections.

a blowup at Deutsche Bank would spill out to every major Wall Street bank — banks which are holding almost half of the insured savings deposits in the U.S. – effectively mandating more massive taxpayer bailouts such as those that occurred in 2008.

The headline correctly indicates that Reuters is getting its information strictly on the basis of what the bank “says.”

Trading in Italian bank Banca Monte dei Paschi di Siena has been suspened. Italian Finance Minister Pier Carlo Padoan criticized the European Central Bank for not being clear enough in its request for Banca Monte dei Paschi di Siena SpA to boost its capital by almost twice the amount the lender failed to raise…

Italy's Banca Monte dei Paschi di Siena (BMPS.MI), which is being bailed out by the state, plans to issue 15 billion euros ($15.8 billion) of debt next year to restore liquidity and boost investor confidence, several newspapers said on Friday.

Italy’s rescue of troubled lender Banca Monte dei Paschi di Siena SpA will cost the government about 6.6 billion euros ($7 billion), the country’s central bank says, providing the first official estimate of public funding.

Jason and Dave talk about why Donald Trump won the election, the potential end of the 35 year bond bull market, why bankers weren't put in jail for fraud after the 2008 financial crisis

The Donald J. Trump era is marking a new age for gold as an investor safe haven.

The dollar will see its prominence in the basket dented by newcomers, with its share falling from 26.4% to 22.4%, followed by euro at 16.34%.

Gold is up 5 days in a row and is surging above $1150 today as someone decided to buy $3.5 billion notional of the precious metal into the European close.

Gold prices rose to their highest in two weeks on Thursday as the dollar and U.S. bond yields declined following weaker than expected economic data. Spot gold hit $1,150.26 an ounce, its highest sinceDec. 14., and was up 0.4 percent at $1,146.28 by 1451 GMT.

hough housing statistics such as average sales price are typically lumped into one national number, this is extremely misleading:

The S&P 500 made a half-hearted attempt to rally at the open, hitting its 0.20% intraday high ten minutes into the trade. It then sold off to its -0.24% intraday low early in the lunch hour. The index then spent two hours struggling back to the flat line, which proved resistance for the rest of the afternoon, closing with an essentially flat finish at -0.03%. What will tomorrow bring, the last market day of 2016? Stay tuned!

Investors redeemed an estimated $2.2 billion from hedge funds in November, bringing YTD outflows to $83.1 billion.

Along with its string of celebrity deaths, presidential comebacks, and populist political movements around the globe, 2016 will also be remembered as full of dramatic market changes. Because history tends to repeat itself, here’s a look back at the top five most popular Schiff gold blog posts of 2016 that may prove beneficial for investors in 2017.

Peter Schiff explains that higher rates would mean a stronger return on the dollar as the cost of borrowing increases. This reasoning only works if you ignore these three realities of our current economy: Fiscal Stimulus Needs Monetary Stimulus, US Debt Increase, and Bursting the Bubble Economy.

Janet Yellen thinks the US Dollar is a ““cash is not a convenient store of value.” Long-term she is correct. After all, thanks to the Fed, the $USD has lost 95% of its purchasing power over the last 100 odd years. Anyone who has kept their money in cash has generally lost money virtually non-stop.

If the stars don’t align perfectly, if the sequel doesn’t best the original, smaller investors might want to wise up to the fact that they’re being hustled by the equivalent of professional gamblers.