Precious metals news

Wall Street is caught flat-footed as results showed Donald Trump close to winning the presidency, a result few investors took seriously.

Indian jeweler Bachhraj Bamalwa’s phone hasn’t stopped ringing since Prime Minister Narendra Modi announced on national television that high-denomination bills will be withdrawn from Wednesday as the government cracks down on corruption.

The peso has become arguably the most closely watched market proxy for U.S. presidential election sentiment this year.

Donald Trump's victory in the U.S. presidential race throws into question the core assumption in global financial markets that the Federal Reserve will raise interest rates soon and follow with further gradual hikes over coming years.

The ECBs ready to intervene in markets in an emergency, after Donald Trump's victory in the U.S. presidential election sparked turbulence in currency and other markets.

Gold's companion, silver, has similar characteristics but offers a higher return for the same behavior.

BlackRock’s Russ Koesterich points to another factor that suggests the gains can continue: inflation

Palisade Radio discuses Gold with Frank Trotter who is Vice President of Everbank

Financial Assets To DPI At All-Time High - Post by @DA_Stockman.

Money is coming out of the U.S. banking system at a rate not seen since the 1920s & 1930s, according to one gauge. The Federal Reserve Bank of St. Louis’s adjusted monetary base, which consists of currency in circulation and reserves held at Fed banks, fell 12 percent last month. The drop suggests the economy…

A Florida hedge fund transformed risky Fannie Mae and Freddie Mac debt into investment-grade securities, and it could end up helping the mortgage giants’ efforts to offload more of their risk. Bayview Financial packaged…

Civilization has to be transmitted from one generation to another. If it isn’t, processes break down and life becomes difficult. Soon there must be a painful reform, or else the civilization will be lost. This is fundamentally the job of families (especially parents), but at the moment that’s not really possible: How many families can survive on one income? And if one of the parents can’t stay home and teach the fundamental lessons of civilization, who will pass them to the next generation?

Last week, the Bureau of Labor and Statistics (BLS) released its monthly employment report, which painted a conveniently rosy economic picture just ahead of the election. The report showed the official unemployment rate was down (4.9%) with 161,000 new jobs added in October. Average hourly earnings and wages also jumped up 0.4%. There was some bad news to report as well, mainly in the form of full-time job losses, part-time job increases, and the rise in the number of multiple (two or more) job holders. Simply put: we’re creating more jobs, but those jobs are increasingly part-time. More and more Americans have to find more than one job to make ends meet.

A report from the IMF has warned that the “new normal” in oil will delay the economic recovery in oil-dependent countries

Unfortunately, it doesn’t really matter which party wins the presidential election as neither one will be unable to stop the coming MOTHER OF ALL DEFLATIONS...  

Global banks have started preparing for potential tumult on financial markets in the wake of the US presidential election vote. Analysts are warning of possible stock market volatility after results begin to come in on Tuesday night.

technology really has allowed us to override the media gatekeepers, challenge the official narrative, consume real news and real facts, and threaten the political establishment’s grip on public opinion.

The word democracy is conspicuously absent in the Declaration of Independence, Constitution, and Bill of Rights. The framers feared it, and so limited federal power with checks and balances.

Since everyone is probably drowning in pre-election opinions, I decided that a brief comment focused on key considerations might be welcome. While the extent of the market retreat from the August peak has been quite shallow,

Small businesses have historically been the engine of economic growth in the US.  But optimism of small businesses has been in the toilet since 2008. December 2014 was the only month since 2006  when small business optimism rose above 100, despite the staggering stimulus from the Federal Reserve in terms of zero interest rate policy…