Precious metals news

Following up on Deutsche Bank as Ground Zero?, I'd like to focus on the deteriorating credit metrics at Germany's largest bank. To be absolutely honest, an educatied consumer is the at odds with the bank's other stakeholders in this situation.

$1 Trillion Owed By Year’s End After Record Q2 for Credit Card Debt via WalletHub With the global economy in flux and debate raging over the timing of Federal Reserve rate hikes, data that speak to the financial health of […]

In her recent address at the Jackson Hole monetary policy conference, Federal Reserve Chair Janet Yellen suggested that the Federal Reserve would...

A sharp stock market pullback is imminent, according to Gluskin Sheff's chief economist, David Rosenberg.

Bank clients start protesting as their bank deposits no longer earn a positive return. They even start redeeming their deposits in cash, thereby causing bank refinancing gaps.

There’s a war going on; one that’s taking place is between the government and your savings account and, so far, your savings account is losing. Now one expert […]

Looking for group think, extrapolation of extreme silliness, linear thinking, and belief in absurd models? Then look no further than …Continue reading →

Buckle your seatbelt – and load up on gold.

Last Friday the stock market tanked following another monetary policy maker’s statements about interest rates. It seems investors are, yet again, willing to believe the Fed intends to raise interest rates despite the reality of a bad economy. Policy makers continue to keep the idea of rate hikes alive despite the knowledge they are powerless to do anything.
In a speech Friday morning, Boston Fed President Eric Rosengren suggested the time for a rate hike was getting closer and delaying could dampen economic gains: “A reasonable case can be made for continuing to pursue a gradual normalization of monetary policy,” he stated. “Failure to continue on the path of gradual removal of accommodation could shorten, rather than lengthen, the duration of this recovery.”

Interesting news this week as Belgium-based Optima Bank has been shut down by both the National Bank of Belgium (which also acts as the Belgian regulating body) as well as the ECB. According to the...

Uneven as always, the depression marches on in its slow, confusing strangulation.

The intense rumble of selling in global markets on Friday was a hint that it may not be just China revisiting last year’s conditions.

According to analysts at Goldman Sachs, corporate America has more than doubled its debt since the collapse of Lehman Brothers.

To confirm the state of the world today, the Global Peace Index states, and I quote – “There are now only ten countries in the world that are free from conflict”.

This is an economy that’s hobbling along on its last leg - the consumer - & that leg’s already got some nasty fractures nobody wants to look too closely at.

Silver and gold have been on a tear, once again.  This week has seen some intense action up (and back down). We Discuss the Market Action and The ALL-IMPORTANT price level that […]

Graham Summers of Phoenix Capital Research tell us The biggest issue in financial political power structure today is the End of Centralization.In the post 2008 era, the Globalists made a major push to hold the system together. The multi-billionaire class, particularly those who made fortunes from crony capitalism and bubble economics joined forces with the Keynesian media shills to convince the world that the only way we would survive would be if trillions of Dollars were given to those who were deemed “systemically important.”

The “whatever it takes” economy is progressing nicely around the world, with governments and central banks doing things that no 20th century economist would have viewed as possible, let alone wise.

Fireworks are going off in Germany again in yet another battle between Wolfgang Schaeuble, Germany’s finance minister, and the ECB.

Government has plenty of money, and the idea that feeding more money into a broken system will somehow fix the system is quite literally insane.