Precious metals news

The Bank of England cut interest rates on Thursday for the first time since 2009, revived its bond-buying program

These markets are certainly seeming to be winding up for a move. That goes for most markets, and not just the precious metals.

When the next financial panic strikes, only the IMF will be able to put out the fire. Jim Rickards takes you behind closed doors at the IMF

WHAT EVER IT TAKES: one in five of these bonds (pdf) are guaranteed to lose the ECB money if held to maturity, the bank said today (Aug. 3).

On Thursday, the Bank of England will meet to decide on an interest rate cut. It’s widely expected by economic officials that the UK’s central bank will cut rates 25 basis points, from .50% to .25%. What will this mean for a country already reeling from the economic crunch post Brexit?
A rate decrease will prove to mark a historic low. According to International Business Times:
The BoE has kept interest rates at a historic low for the last seven years and the expected cut would bring the benchmark into uncharted territory. When Britain's central bank cut the benchmark to 0.5% in 2009, the lowest since the BoE was founded in 1694, it described the figure as an ‘emergency rate’ and for the past seven years savers, institutions, fund managers, and economists have believed a rate rise was just around the corner.”
Few anticipate a rate lowering to zero or even negative levels; however, it’s still not out of the question. Other central banks, including Danmarks Nationalbank, t...

Santelli explains that the Fed look's like a retail market type trader. "Even the Fed Senses They Are Losing Control"

The grim reality is that real inflation is 7+% per year.

with $5 in her bank account "scared to save more" due to the risk that she might lose her social security "medicaid & other crucial benefits"

The latest homeownership rate figures show an interesting dichotomy to the housing market.  While prices are up, the homeownership rate is down.

Jim Rickards shows you governments & central banks are moving heaven & Earth to “make your money disappear” with negative interest rates.

The Personal Savings Rate is a rather important economic indication. Because it is derived from the difference between income and spending

Deutsche Bank Share Price (Green Line) Versus Citigroup (Orange Line) Since 2007

Tax Deductible, This amounts to 0.1% of the firm's 2015 revenue of $33.8 billion

The ADP jobs report is out this morning and we saw an additional 179K jobs added in July. But is this a strong recovery as some think?

Paul explains Central Banks - The scandal brings again to light the fact that international organizations like the IMF serve the world elite

UK business activity suffered its biggest fall ever, data from Markit showed this morning.

Calling a ‘Ponzi finance’, Gross says investors should favor Gold while avoiding most stocks & bonds trading at inflated prices.

with a gain of nearly 30% this year, we suspect the current rally in gold will eventually break its cycle high (more than 40% away) of $1924 an ounce

Gold has outperformed most asset classes Analysts are scrambling to increase their gold price forecasts, as the gold price continues to rise

The first major analyst to point to a specific market event and claim prices moved higher due to central bank involvement