Precious metals news

With household leverage near all-time highs & interest rates on the rise, we suspect this could all end very badly for the U.S. consumer & those pension funds that were forced to "stretch for yield."

Hence the bloodletting in what’s considered one of the most conservative investments in the world.

Unsurprisingly, the Fed decided to raise rates this week to a range between 0.5 -0.75%. Janet Yellen cited dropping unemployment as one of the primary reasons the FOMC green lit an increase. However, an economy so dependent on cheap money for so long may find it difficult going through the withdrawals of higher rates, especially in mortgage and auto loan markets.
We’ve enjoyed a bottomed out 3.5% interest rate on 30 year mortgages for a long time. That’s significantly lowered the barrier to homeownership in the US. Unfortunately, higher long term rates, which are continuing to rise, will find more support from the Fed’s move. Increase monthly payments will threaten not only new applications, but existing homeowners trying to make ends meet.  Many people are still finding it difficult to afford a mortgage payment. After Wednesday’s rate hike, that barrier might become much bigger.

This is a must-hear interview if you're interested in sober economic reality.

Are Gold Prices Set to Plunge Below $1,000/oz and Into the Abyss? Martin Armstrong Has A Warning:

Global Financial Crisis & the Great Recession have combined to propel global debt levels past the pre-crisis peak to a new historical high.

In 2016, they had no choice but to face up to this reality of what was clearly a monetary threat further threatened full-blown loss of credibility.

If the following is any indication, the bankster elite are in BIG trouble:

Golden Jackass Jim Willie Is Back, and He's EN FUEGO...

(Editor's Note: He. Just. Doesn't. Give. Up. ) 20,000 DOW THEN, COLLAPSE OF THE DOLLAR AND STOCK MARKETS. One thing is for certain, a crash is still expected BEFORE year-end […]

Is a Massive Currency Shock Set to Hit Global Markets?  Jim Rickards joins with "Urgent Matters to Discuss..."

If the web bot data sets are correct, we’re in for a very rocky 2017 and one that could FAR exceed the financial calamities we witnessed in 2008...

Traders discussing on recorded lines ways in which to rig the silver market? Imagine that. Lost in the smoke of the latest revelations about the big bank silver market manipulation […]

despite 68.7 million in additional population. Starts… Still think three hikes are coming in 2017?

borrowing costs in one part of the U.K. debt market are still setting records. The U.K. Treasury sold one-month bills at an average negative yield for the first time ever on Friday

Carnage in the gold and silver markets as the USDX surges to a 14 year high.  Gold has plunged through critical support at $1150, and silver has crashed a stunning […]

Suggesting investor concern of the uncertain economic prospects in the next year overshadowed a typical post-hike bullish sentiment.

as the dollar index spike upward everything fell apart, the US economy first & then the rest of the world. That has, more or less, become the standing template for the index on this side of 2007.

As that remains the balance nothing will change. There is no “reflation” here, & that determination applies to much more than just the earnings statistics.

As headlines about China seizing a US underwater drone, the USDollar is tumbling, gold is spiking.