Precious metals news

JPMorgan Chase & Co., HSBC Holdings Plc and Credit Agricole SA were fined a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as European Union antitrust regulators wrapped up a five-year investigation into the scandal.

Some Precious Metals Investors Are Throwing In The Towel Due To Narrow-Minded Thinking.   Meanwhile, investment demand for Gold Eagle coins has exploded to an all-time high:

Mike explains why the U.S. Dollar could strengthen in the short term if there's a recession or crisis. This is an excerpt from Mike's appearance at the 2016 Silver Summit. Be sure to check out his keynote presentation and bonus features if you haven't seen them yet.

“Unless the long term solvency of the U.S. Treasury bonds can be addressed, there’s no hope of avoiding a hyper-inflation & the complete demise of the dollar. In that case, gold will be the traditional hedge that keeps you solvent.

Meet the $2 TRILLION market Shariah Gold Standard:

Caution: Do not listen to this podcast if you are of a nervous disposition

The reserve currency status of the dollar is vulnerable. The euro and the pound are weak but eventually the miserable fundamentals for the dollar will manifest as a weaker dollar versus most other fiat currencies.

Interest rates rose throughout the 1970s and inflation and gold soared as that happened.   Last year’s rate hike was followed by a collapse in the dollar against both the yen […]

It’s amazing that thousands of years have passed, and yet that very same gold could still be traded in modern financial markets.

No one talks much about it anymore, but if you’re completely in cash, you’ll lose it bit by bit ... and it’s all because of inflation.

India as it exists today is a British creation. With the British now gone for 69 years, it is an entity has less and less reason to exist in its current form. The glue of reason that the British have applied is flaking, and it is doing so rapidly under the catalyst by name of Narendra Modi.

“I read Atlas Shrugged, Brave New World (+ Brave New World Revisited) & 1984 every ten years or so. Each time they are closer to reality.”

Gold prices in Shanghai are $14.64 higher than New York’s close and $20.14 higher than London’s opening [allowing for the difference in the quality of gold priced in the different markets].

Middle East Oil Exports Lower Than 40 Years Ago

And it’s now hitting home.

Ratings agency downgrades outlook for sector to negative, as Banca Monte dei Paschi di Siena and UniCredit seek funding

On December 2 President-elect Donald Trump’s transition team sent out a press release advising that he had formed a business advisory panel “which is composed of some of America’s most highly respected and successful business leaders

Trump Appoints Dr. Ben Carson as Housing Secretary. Bankruptcy of Incoming Administration

According to the OECD, Canada’s housing market threatens the economy, and 2017 is going to be a terrible time for the average household

Monday saw a drop in gold prices as investors look to the Federal Reserve to raise interest rates next week. The misguided selloff comes despite almost certain future inflation levels, and many traders are likely to backtrack their bets in the coming months.
Higher interest rates will add to inflationary pressures. Leveraged businesses will find servicing their existing debt more expensive and will inevitably pass the cost on to consumers in the form of higher prices. Consumer price increases are detrimental to economic growth and job creation, which will put pressure on the Fed to keep rates low.