Precious metals news

The New SDR Has Arrived.  Willem Middlekoop warns China's inclusion in the currency will lead to Gold and Silver Shortages...

For decades, the primary argument by Warren Buffett and other financial elites for not owning gold was that “gold doesn’t pay you anything.” Once the ECB took interest rates to NIRP in 2014, this argument became null and void. In a world in which bonds are charging you to hold

Russia plans to stock up on about 200 tons of gold this year, nearly matching the 208 tons it purchased in 2015. That's according to Anton Navoi, the deputy head of the statistics department at the Russian Central Bank

Keith Neumeyer is a CEO who never stops moving. First Majestic Silver a major silver producer t

If there is another financial disruption & there is a rush for physical gold for any reason, please be advised that there will be a very unequal distribution of the metal that actually exists.

“The Chinese are not too happy about the current dollar world reserve system & have been quite open and vocal about their wish to change the existing monetary system toward a next phase…”

The Man who predicted the 1987 Black Monday crash to the exact day is now sounding the alarm on Deutsche Bank: "Deutsche Bank was extremely aggressive in derivatives.  It's a SERIOUS […]

Obama ignites a global war against the dollar. Then Gold, yuan & world money emerge as dollar alternatives. Jim Rickards has more...

The US Treasury 10Y-2Y yield curve slope is hovering around 82.5 basis points, effectively where it was on July 5, 2016. Despite flurries of rises and falls in the slope, we are back were we started on July 5, 2016. At least the downward trend in the 10Y-2Y yield curve slope has abated. For the…

Global markets and investors are increasingly fearful of Deutsche Bank failing... but a crisis of confidence is at greater risk than anything else.

“Very challenging” sales trends.

His name is Larry Summers. The chattering class – the so-called intelligentsia – tells us he’s a “genius”… one of the most brilliant economists in the world.

The first bad news broke following the third quarter of 2015. Deutsche Bank reported a loss of $7 billion. The news just keeps coming with low or negative earnings thanks

This is getting to be a habit. Previous late summer holidays by this correspondent coincided with the run on Northern Rock, and subsequently with the failure of Lehman Brothers.

The tectonic plates of the Western world have started to slip, and many people have been slow to realize the potential consequences. After the UK’s Brexit referendum, we now know better.

Sterling has slid against all major currencies on Monday following the pledge by British Prime Minister Theresa May to formally start the country’s exit from the EU by the end of March 2017.

Today’s mayhem is not so much the result of reckless bankers and asleep at the wheel regulators, but rather of the public policy response to the last crisis itself

In his latest podcast, Peter runs down the real threats of prosecuting and over-regulating financial institutions like Wells Fargo. Last week, Wells Fargo CEO John Stumpf was lambasted by members of the House Financial Services Committee over the unauthorized accounts scandal. Members called for Strumpf’s resignation and a breakup of the company.

Aside from the heated exchanges echoing the congressional chambers, the hypocrisy of the situation left a foul odor on the proceedings. For congress members to fault an executive for facilitating theft of customer deposits takes a lot of chutzpah. Peter explains:

The economy and stock market definitely go in cycles.  Real estate was largely immune to this up until the late 1990s when creative financing was introduced into this largely boring sector.  Aside from pocket bubbles and localized frenzies, real estate was a fairly drab and reliable asset class. 

John Rubino and Gordon T Long discuss the unfolding mayhem in the European banking sector and specifically what is behind the panic selling in Deutsche Bank stock.