Precious metals news

More & more people are aware of what’s going on & that the worst trends of modernity are being extended internationally at a rapid clip.

Despite the better than expected non-farm payroll reported, many are skeptical of the 255,000 “created” jobs the Bureau of Labor Statistics (BLS) reported last Friday. In a CNBC interview, Dennis Gartman, Founder, Editor and Publisher of The Gartman Letter, expressed some doubt on how well these reports gauge the health of a growing US economy.
We have to remember however that there were two things that I think need to be discussed. One is that a great good deal of this increase was because of the birth/death adjustment as they call it, which added about 85,000 payroll jobs to the number.”

There comes a point when "bad news" - like the worst decline in US productivity in 37 years - is unassailably "bad news" no matter how "great" the 'lower for longer' easefest is.

Bezos has cashed in on $1.4 billion worth of Amazon shares, including the 1 million shares he offloaded for $671 million in May

Americans, Japanese and many Europeans are glum about their national economies.

Here's a story that came out earlier today. Maybe it's just me but it's easy to see a Bullion Bank plot here. For months, we've documented all of the various […]

Here is a chart of the GDP forecast plotted against the 10Y-2Y Treasury curve slope. That pretty much sums it up along with the slowdown of nonfarm payroll growth. The US is definitely in a state of slowdown. Hopefully, not matchbox.

Technology companies have sold more than $100 billion of bonds so far this year, which seems like a lot considering that’s equal to the size of Ecuado

Deflation is raising the real value of loans &makes debtors unable to repay. That was the very essence of the Great Depression...

real wages in a real decline in purchasing power. In spite of what economists say, wage gains are still not keeping pace with inflation.

The mainstream, dominant view of monetary policy remains as if it were “accommodative” or “stimulus.” Low rates and/or balance sheet expansion are treated as one and the same in terms of economic effects.

Jeremy Corbyn is considering backing plans to give British citizens a ‘universal basic income’.

They feel scammed by their universities & government & they were told to go to school & are now left with worthless degrees, no jobs, & no prospects for the future.

Gold has a “clear presence” to play in a world dominated with ‘global economic uncertainty” My analysis shows that gold will be implemented to protect ‘global purchasing power’ and minimize losses […]

“It is not a conservative guess about a safe withdrawal rate, but rather it is the best guess based upon the historical relationship between withdrawal rates, market valuations, and interest rates. It could end up being more or less (we won’t know which for another thirty years). To be conservative, a lower withdrawal rate is required to account for the additional random fluctuations from outside the model. This analysis further confirms the idea that the 4

Physical cash and precious metals can be an excellent substitute for bank deposits, especially as interest rates continue to slide below zero.

The biggest increases came from auto debt and credit-card debt, which ticked up by $32 billion and $17 billion.

Negative interest rates are unsustainable & once investors decide to stop paying for the privilege of holding government debt, a banking crisis could result

The partying is over. The implications for future monetary policy are simple:

Libor is coming unhinged from other borrowing costs & that has real implications for the cost of money in the real world. On this basis, the U.S. has already had an interest-rate increase,