Precious metals news

It is inevitable that the monetary system the world has used over the past 43 years, all signs are warning that this end is very near.

The most important part of the U.S. economy just proved “inflation is here". Are higher interest rates bad for gold? Brian Maher has more...

The movement back into non-fiat assets is starting again – anything connected to debt, like housing, is a de facto fiat asset. The best indicator of this is not gold, […]

Money is clearly no object to the Saudi owner of the gold supercars as today the £1 million fleet was hit with hundreds of pounds in parking fines.

Gold was up while silver and the US dollar were lower. Looks like a pretty clear 'flight to safety' globally, sparked no doubt by the shadow being cast by the US elections next week.

On Wednesday gold prices broke the $1,300 level, their highest since early October as election anxieties brought stocks and the dollar downward. Gold ended the day surrendering half its gains following the release of the Fed's rate announcement and found support below the $1,300 level with lows just above $1,295.
The Fed’s delay was highly expected and is seen by many as setting the stage for a December move. The probability for an increase Wednesday came in at only 7% while the odds of a December move jumped to 74%. Also suggestive was the fact that FOMC dissenters voting for an immediate hike fell to two, down from three last month.
However, an interest rate hike in December isn’t a foregone conclusion; there’s still the US presidential election to contend with, and there’s still plenty of fear out there among investors. “This unbelievable election season we’re going through isn’t exactly engendering confidence,” stated Richard Sichel, chief investment officer at Philadelp...

Today top Citi analyst Tom Fitzpatrick sent King a key update on the action in the gold market.

Chart Of The Day:

Open enrollment for the Affordable Care Act is underway, but problems with the law mean consumers could face significant rate hikes​ in places like Nashville

The S&P 500 fell for an eighth straight session, its longest stretch of declines since October 2008.

The British court ruled that Parliament, not the "people", must vote on BREXIT. If Parliament overrules the people, we are looking at massive civil unrest in

Well, here we are again — at yet another fork in the road that never would have existed if not for Yellen and the Federal Reserve.

Today is another not quite Super Thursday where the Bank of England takes centre stage & publishes the quarterly Inflation Report as well as its policy announcement and meeting minutes. However the Super Thursday moniker has been grabbed early by the Central Bank of Egypt which has become the doppelganger of the "masterly inaction" so…

The new bull market that is believed to have begun early this year should take gold way above its previous highs in the $1,900 area. Technical analyst Clive Maund outlines […]

Interestingly, they noted that employment remains steady without explaining why their own employment measure fails to agree.

ExxonMobil’s free cash flow declined from $24.4 billion in 2011 to $1 billion for the first nine months of 2016:

Year to date gold is up more than 20%, thanks mainly to investors & safe haven buying, & continuing purchases by central banks.

Three central banks saw significant increases to their gold stockpiles in September.

The result of the new unmanaged ‘growth’ strategy of the 1970s was disastrous: a decade of uncontrolled inflation followed, as management of the exchange rate was abandoned, and as too much ‘easy’ money chased too few goods and services. 1970s inflation is always wrongly blamed on Maynard Keynes and the unions

The S&P 500 has fallen in seven straight sessions through Wednesday, the first time the large-cap index has done that since 2011.