Precious metals news

lower ahead of the US Open when the fixing struck & suddenly Silver was panic-bid... on heavy volume.... back into the green for the day...

seek safer banking jurisdictions abroad and alternative means to hold savings (gold, physical cash)

The final fate of the initiative will be determined at a ministerial meeting in September

Finance chiefs from the world's biggest economies signaled escalating concern about a wave of anti-globalization sentiment that threatens core principles long embraced by the group.

The highest court has ruled that the notorious head of the IMF (International Monetary Fund) Christine Lagarde must stand trial for a financial scandal.

The US is in a recession. Quarterly earnings corporations have fallen for SIX straight quarters. That covers a time of 18 months. This has never happened outside of a recession.

For Federal Reserve officials, getting better never seems to rise to good enough.

The ECB now finds itself in trouble as Germany is halting borrowing

Aso said he had told the G20 meeting that the global economy continued a moderate recovery but downside risks to the outlook & uncertainty existed.

"A public backstop is a measure that would be very useful," Draghi said

Persistent concerns about the potential for competitive currency devaluations were discussed

M-SDRs reduce foreign exchange & interest rate risk relative to single-currency instruments, but there are some drawbacks & challenges

The fascinating field of behavioral economics is dedicated to studying why people are capable of making bad decisions despite have access to good data

In recent years we've seen global debts soar to heights never before seen in human history.

After a brief pause in May, the Chinese and Russian central banks resumed their gold buying spree in June.
The People’s Bank of China added about 15 tons of gold to its stash last month. The Chinese central bank now officially holds about 58.62 million ounces of gold. China has bought gold in 11 of the past 12 months and has increased its hoard about 165 tons over the past year.
A year ago this month, the Chinese central bank announced its gold holdings had grown by 57% to about 1,658 tons. It was the first official update to China’s gold reserves since 2009. Many analysts believe the Chinese actually own more gold than the official numbers indicate - possibly a lot more.

One of the largest Dutch banks, ABN Amro, has now warned its business clients a negative interest rateon the business accounts is in the works.

Ron Paul Discusses Free Markets and a free society

Portuguese banks, already undercapitalized & loaded with bad debt, are bracing for even more heavy losses from Lisbon’s so far unsuccessful attempts to sell Novo Banco

Markets no longer have a framework for understanding what the U.S. Federal Reserve plans to do with interest rates

Look at the gold price action while "deliveries" were taking place this year. During the calendar months of February, April and June, the gold price has soared anywhere from 7% […]