Precious metals news

Janet Yellen will testify before Congress next week on the economic outlook, about a month before the Federal Reserve has its next meeting to decide on setting interest rates.

The results of Tuesday’s election stunned the world much like Brexit did this summer. Markets dipped, and then recovered quickly to close at record highs following election night. The Fed however, could see big changes coming their way.
As we revealed in our infographic on Trump’s Fed views on Monday, his campaign wasn’t shy about their concern with the current Fed structure. Now that the election is complete, and Trump’s stunning victory rattled many in the nation, we can look back on what he’s said about monetary reform as a guideline for the next several months.
Among his most drastic proposed changes were possibly repealing Dodd-Frank, auditing the Fed, and more.

In the aftermath of the financial crisis of 2007–2009, analysts and prognosticators have constantly argued over the next big bubble.

We are living in a war zone where government is out to just extort us for whatever nonsense it can think of next. Just how much more will the people take?

Everyone should pay attention here. Governments can simply cancel a currency overnight. The next level of taxing you for merely having money.

Peso crisis could trigger next dollar-debt crisis in Mexico.

China has all but erased any strength in the Renminbi against the USD since it broke the peg ("enabled more flexibility" [4]) in June 2010.

it is pretty clear somebody (or several) got blown up. It’s all over the swap curve; hedging was furious and seemingly limited....

The Federal Reserve has been counterfeiting dollars at a rapid pace. Amazingly, they want prices to rise faster (how nice of them). Well, they're ultimately going to get what they want.

rapidly rising bond yields signals future pain rather than growth for the US economy due to very high debt levels.

Here's What Happens Next:

"EXPLODING Gold and Silver Prices is the LAST Thing They Want to See." Sprott's John Embry Joins Us to Deliver a William Wallacesque Message: We could take them out OVERNIGHT […]

David Morgan joins us to break down the financial impact of Trump's historic victory. Trump's victory over the Elite has HUGE Implications for Gold and Silver...

The Fed is likely to stimulate the economy through infrastructure spending, because monetary stimulation has failed in its economic objectives.

Will Donald Trump Audit The Fed and Bring Gold Back into the US Monetary System?

The US bond market is closed today, but that didn't stop investors from dumping sovereign debt around the globe. Russia, Ukraine, Romania (former Soviet block countries) saw a 20 basis point jump in sovereign bond yields. Peripheral nations like Portugal, Spain and Ireland saw 10 basis point jumps. In the Pacific, Indonesia saw a 44…

This false market will correct itself — meaning gold is an incredibly strong buy at current prices.

the weakness in gold may be short-lived, "The euphoria about infrastructure spending could soon be replaced by concerns about a trade war and geopolitical risks,restoring the safe-haven bid for gold." In Asian trading, gold had been supported on the downside byphysical buying. Gold premiums in India jumped to their highest in 21 months,as demand surged after the government abolished two high-valuecurrency notes, while bargain hunting propped up demand andpremiums in leading consumer China.

(On A Bond Market Holiday) Over 85,000 gold futures contracts (over $10 billion) just traded as gold plunged from $1260 to $1230 as US equity markets opened

"the most striking finding in early November was that both near and long-term inflation expectations jumped to 2.7% from last month's record matching lows of 2.4%.