Precious metals news

Gundlach manages more than $106 billion, thinks that financial markets could reverse the solid momentum in equities by the inauguration day.

...as rising inflation often preceded recessions, watch out for great entry points in precious metals

A good leading indication that the dollar rally has run its course would be for gold and silver to find their respective lows over the coming week or so as the equity markets begin to turn down

On an equal-weighted, USD basis, developed market bank stocks have declined by -6.23% over the past year

David Stockman. Posted On Thursday, December 1st, 2016

Time could be running out for U.S. equities. The analysts say 2017 may mark the beginning of the end.

An ominous tell tale is that the four cycles he most closely follows are all presently headed down or flat!

It is said that history has a sense of irony. The latest US election is not an exception. Consider the following… Donald Trump campaigned aggressively on trade… particularly his opposing of the fact that the US gets taken advantage of by foreign nations via bad trade deals. Trump wins the Presidency on November 8, 2016.

We saw several years of sharp increases in premiums, sometimes as much as 50% per year. Insurers sent out millions of notices, just before the election, of coming increases between 20% and 90% starting January 1, 2017.

The EU is the greatest alliance of democratic states in modern history, but, strangely, those who champion it have come to fear democratic votes. They are now waiting with bated breath for December 4, when Italians will vote on a constitutional referendum, and Austrians will choose their next president.

More than a quarter of a million people in England are homeless, says housing charity Shelter.

Donald Trump’s planned U.S. corporate tax cuts could translate to a big one-time earnings hit for many of the biggest U.S. banks, thanks to tax benefits they generated during the 2008 financial crisis.

Most economists hold that, since the early 1980s, correlations between various definitions of money and national income have broken down. The reason for this breakdown, it is held, is that financial deregulation has made the demand for money unstable.

Donald Trump’s US Treasury nominee Steven Mnuchin sent mortgage markets into a frenzy when he said privatization of Fannie Mae and Freddie Mac should begin and that the incoming administration would “get it done reasonably fast.” Comments about the two mortgage finance titans shot their stocks up over 30% according to Bloomberg.
Both financial institutions have worked as clearing houses for mortgages, buying them from private lenders, packing them into securities, and stamping them with a US government’s guarantee. Privatization means increasing risk to some, but Mnuchin was quick to dispel any worries. “We will make sure that when they are restructured, they are absolutely safe and don’t get taken over again. But we’ve got to get them out of government control,” he stated.

A man from the French region of Normandy recently inherited a house from a deceased relative, only to discover his newly acquired home was actually a secret gold depository. Throughout the house, the man found a total of 220 lbs (3208.33 Troy oz.) of gold coins and bars totaling $3.7 million.
The man’s identity has yet to be released, but reports indicate he was in the process of preparing furniture for sale when he stumbled upon part of the horde.
Local auctioneer, Nicolas Fierfort, who had visited the home in order to appraise the furniture confirmed “5,000 gold pieces, two bars of 12 kilos and 37 ingots of 1 kilo” were found in total.

Now that the presidential election is finally over, can we talk about something that actually matters?

The uptick in inflation should alleviate concerns within the European Central Bank (ECB), which is set to meet next week.

Back in August, Germany urged its citizens to stockpile food in the event of a crisis.

A WICKED RALLY in gold is coming...

Mexico's central bank chief Agustin Carstens resigned Thursday, officials said, sending the peso on its latest plunge since Donald Trump's victory in last month's US presidential election. Carstens, who had compared Trump with a maximum Category Five hurricane because of his tough stance