Precious metals news

In a recent article on the next looming recession, Peter Schiff explains how current monetary policy has come to a crossroads. With respect to interest rates, there now seems to be two entrenched camps: raise or don’t raise. Unfortunately, they’re both wrong, mainly because they’re beginning with the wrong premise: that the economy can somehow avoid the painful process of market correction that raising rates would inevitably bring. Peter explains:
“The real choice is not between recession now or recession later. It’s between a massive recession now, or an even more devastating one later ... Now is the time to bite the bullet, endure the pain, and allow the wound to actually heal.”

Post by @DA_Stockman.

The orange line shows the actual Effective Fed rate. The violet line shows my estimate of the neutral nominal rate according to the business profit cycle of effective demand. The graph shows my estimate a bit above the actual Fed rate

Fed Head Janet Yellen is keeping alive the tradition of her predecessors, Messrs. Greenspan and Bernanke, by showing she is equally as blind-sighted to the bubbles central banks are blowing in the bond and equity markets.

The FOMC has consistently overestimated future Fed Funds Rate (FFR) hikes. For a body that prides itself on super-scientific research methods & has teams of economists (self-described) and statisticians, it’s interesting that they can’t even predict their own behavior.

“Fish Rot from the Head” So says this week’s guest Bill Black about the recent Wells Fargo scandal in which millions of customers were beset with unrequested accounts that cost them fees and affected their credit scores – another in the long line of Big-Bank violations.  Black, author of “The Best Way To Rob A…

The Great Britain pound has dropped again (including a monetary flash crash).  In other words, the GBP  got Soros'd. It is somewhat reminiscent of when George Soros (Black Wednesday, September 16, 1992) bet against the Pound and made a billion dollars for his hedge fund Quantum.  The other crash of the Pound occurred during the…

The European Central Bank is likely to keep its quantitative easing program going beyond March & raise limits it has had in place on bonds it could buy.

Portugal’s bond yields continue to rise as the rating agency DBRS prepares to deliver its rating verdict. It’s the last rating agency that still has Portugal’s debt at an investme…

34% of Americans don't have a dime in their savings account.

The pound has broken back below the Break-Line from the US Civil War when it reached its historical high against the dollar.

The current precious metals selloff is a nothing more than a mere distraction from the ongoing systemic financial disaster taking place at Deutsche Bank...

After a HORRIFIC week for gold and silver, what's next?  Has $50 silver been delayed? GATA Chairman Bill Murphy Gives An Update On The Big Picture:

On gold and silver and its recent take down, precious metals expert Mike Maloney says don’t worry, precious metals prices are going higher, much higher. Maloney says, “Gold is real money, and it has stored value throughout the centuries. Silver is also real money

Central banks have failed to resuscitate their economies and it's only a matter of time before this house of cards they built comes crashing down around us.

This new mandate would come on top of the third mandate: inflating asset bubbles at all costs (unlimited asset price inflation). The other two mandates are “full employment” (whatever that means) and “price stability,”

“We’ve never had a decline in house prices on a nationwide basis.” -Ben Bernanke, July 2005 Just because something has never happened in the past doesn’t mean it can’t…

Below are the two most-important charts you'll see all day:

It has since recovered as traders weigh up the timing of an U.S. interest rate hike this year after payrolls data on Friday came in softer than expected,

The German bank is scrambling to overhaul its operations as it faces a multi-billion dollar fine for selling toxic mortgage-backed securities in the United States.