Precious metals news

Deutsche Bank, the EU's largest bank, fell to $13.07 despite passing the EBA stress test.

Monetary Policy Reaching the Limits

The Central Bankers of the world are acutely aware of this fact & know how devastating a global recession would be in the current highly indebted & over leveraged financial environment.

U.S. equities traded lower Tuesday, following global stock markets lower, particularly in Japan & Europe.

Toronto-Dominion Bank’s chief investment officer, Bruce Cooper, is changing the firm’s outlook to conserve capital by moving funds heavily into gold. According to Bloomberg, TD Bank oversees more than $230 billion in assets, and has “shifted to a ‘maximum overweight’ in gold for its portfolios.” Cooper oversees TD Asset Management, the investment arm of Canada’s second-largest lender.
So, what’s caused Cooper’s course change? The usual suspects: a sluggish global economy, the Brexit vote, central banking policies, and the upcoming US presidential election. All have contributed to TD’s overall feeling of uncertainty.
Within TD’s portfolio, gold promotes “diversification, stability and protecting against deflation more than returns,” Cooper said. “Job one today is about capital preservation. It’s not about shooting the lights out.”
For Cooper, gold investment is about playing it smart, not about being a doom and gloomer. “We’re cautious but not negative. This is not about ...

The former Fed Chairman Alan Greenspan appeared on Bloomberg last week to discuss the state of the US economy. He noted some economic indicators like bond yield spreads, rising entitlement costs, and stagflation, which are sending the US economy over the tipping point. What worries Greenspan the most is an environment of uncertainty that’s taken hold.
For example, Greenspan noted the spread between the 5 and 30-year treasury bonds is at its “widest level in American history.”

"with a relatively modest investment in Gold, we've been able to earn an outsized rate of return

The dollar has been under heavy selling pressure in recent sessions amid waning expectations that the Fed will raise interest rates anytime soon after data showed the U.S. economy grew much slower than expected

Adding Gold to official reserves protects Beijing, Moscow against dollar dominance

The so-called SDR are an IMF construct of actual currencies, right now the euro, yen, dollar, & pound. It made news last year when the Chinese renminbi was also admitted

From the "over-expansion of credit" leading to banking failures in 1255-62 in Italy to 2015's "'end' of The Fed's zero interest rate policy,"

The real risk is a contagion that is undermining the core of the financial system, & the interconnectedness of the globalized economy we live in makes containing the problem nearly impossible.

As the Obama administration comes to a close, the administration leaves the US with the highest national debt the country has ever seen, approaching 20 trillion dollars

Late tonight we received the report of movement of gold from the Federal Reserve Bank of New York: Thus a total of 41 million dollars worth of gold left New […]

A remarkable but little noticed development has occurred behind the scenes of the SPDR Gold Trust (GLD) over the last 3 years...

Bo Polny is blunt about what is about to take place:  A tremendous market crash of historical proportions that will leave most investors STUNNED and broke. He believes the time to get […]

The yield on the 10-year JGB almost turns positive as investors question future BoJ policy

The government earlier on Tuesday approved a 28 trillion yen fiscal package

To prevent a fiscal cliff, the government will likely repeat large-scale stimulus

Banks in Europe are grappling with deteriorating profits - slumping investment income on the back of collapsing yields & higher regulatory costs