Precious metals news

The private markets have found a way to provide credit for home purchases for borrowers with poor credit. How do these lenders bypass the vaunted Qualified Mortgage (QM) rules decreed by the CFPB? Simple.

"These investors tend to be right..." - Mike Maloney. One group of investors have a knack for spotting trouble in the market. They predicted the crash in both 2000 and 2008. And in this video, Mike shows you how to easily track them and see what they are thinking today. As you might have guessed,...

it is perhaps no surprise that The Fed - once again - punted its decision to hike rates...

The trend shows investors are losing faith in the central bank’s long-term ability to spur price growth

The ECB is bringing Europe to the brink of a widespread banking collapse. Once this crisis becomes a contagion, there will be no stopping it.

Without a taxpayer-funded bailout that directly contravenes the Eurozone's new bail-in rules, the world's oldest surviving bank, Monte Dei Paschi, could soon be out of business

The Gold remained supported amid speculation central banks in Europe & Asia will step up monetary stimulus in the next few months to counteract the negative economic shock from the Brexit vote

the Fed could carry out an 80% devaluation to start, announcing that gold will be US$5,000 per ounce. Then, it could do a second devaluation from US$5,000 to US$10,000 per ounce.

A new study by the Evans School of Public Policy and Governance shows Seattle’s minimum wage increase has also increased unemployment. No surprise there given what happened in Puerto Rico. Basic economics states the higher the price of something, the less that something will be purchased. In the case of Seattle’s experiment of increasing their minimum wage to $15 an hour, it seems that something was low-skilled jobs.
Admittedly, Seattle has experienced an economic boom since the city first instigated its stair-stepped wage increase. One of the city’s biggest growth sectors is in the labor market. However, according to the Seattle Times, “Much of that success, though, can be attributed to trends separate from the minimum-wage law itself, such as the growth of Seattle’s tech sector and its construction boom.”

Over the last year, we’ve reported extensively on the growing influence of China on the world gold market, and the flow of gold from the West to the East. But with uncertainty created by Brexit, economic stagnation, and the proliferation of negative yielding bonds, it appears investors in the West have rediscovered the beauty of gold.
Western gold demand hit unprecedented levels through the first half of 2016, and according to a major precious metals research firm, that trend will continue through the second half of the year.

Has prompted 'the QE trade' as bonds, stocks, & bullion surge (& dollar drops). Silver just spiked to $20...

Banks worldwide are highly leveraged, leaving them vulnerable to even a small loss, which can wipe out a significant amount of capital and increase the risk of insolvency

The currency wars threaten to spill over into interest-rate markets

Faber touted gold as "protection from a dangerous combination of tremendous government debt & massive bond-buying by central banks globally trying to fight off recession with near-zero interest rates."

Gold has risen as the US dollar has fallen but remains in to a range of a two-day US Fed meeting which is being closely watched for clues on the outlook for interest rates

Deutsche's share price fell by four percent on Wednesday after the announcement. Analysts' predictions had varied from more than a billion euro loss to half a billion profit

The monetary policy beatings will continue until morale improves. Eight long years after monetary policy experimentation went extreme

Stocks rose in Europe & Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy.

28 trillion yen ($265 billion) in economic stimulus in an effort to prop up the nation's ailing economy