Precious metals news

The prospect of real war, between the major powers will be the agenda of Western leaders when they meet at the NATO Summit in Warsaw, Poland, on July 8

Our baseline assumes that some fiscal loosening & monetary policy accommodation will support the economy

For the first time, yields on benchmark Dutch government bonds dipped below zero

Santelli: We are in a Contagion Trap, in a Loop of Central Banking Policy and Bad Decisions

Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing

we do mean systematic falsification of financial prices is the sum & substance of what contemporary central banking does.

The week began with a surge in the price of silver, giving the white metal its biggest two-day gain since 2011. Now this morning, Bank of America Merrill Lynch reported the largest one-week inflow into precious metals funds on record – $4.1 billion in the week ending Wednesday.
The combination of the Brexit and the realization that the Federal Reserve isn’t going to continue raising interest rates has investors scrambling for safe havens. With gold and silver suddenly returning to the limelight, Bank of America Merrill Lynch is now forecasting the gold price to hit $1,500 by the end of the year.
Barry Dawes, Head of Resources for Paradigm Securities, told CNBC:

Pound sterling for gold and silver - is this the TRADE OF THE YEAR? Mike Maloney makes the case...

With European capital scrambling into gold following BREXIT, the cartel just played their hand. The plan this time is NOT door-to-door confiscation, but simply to SHUT DOWN the best gold and silver dealers […]

China's central bank has broken its promise & is letting the yuan slide, with huge global effects

global trade is slowing, central banks seem to be running out of tools to stimulate economic growth

If the global financial sector isn't precarious, then why is capital flooding into negative interest bonds?

I think we're going to have an uncontrollable situation with the Italian banks, maybe resulting in the implosion of Deutsche Bank.   Deutsche's stock pattern is following Lehman's in 2008. […]

Those imbalances will ultimately culminate in a collapse in the value of the U.S. dollar and a continued worldwide economic slump.

The imbalances in the USD balance of payment system & the monetary policy framework of central banks has been the main cause of economic imbalances between developed economies and emerging economies.

20 big banks, plunging share prices this year have erased a quarter of their combined market value

As a result of the latest changes in the labor force, where the number of people not in the labor force declined by 191K, the participation rate rose modestly from 62.6% to 62.7%.

Global gold holdings topped 2,000 metric tons for the first time in three years as the Brexit fallout & speculation that U.S. interest rates won’t rise

Japanese investors are buying gold to store in Switzerland because of negative interest rates & fears the yen will depreciate as the government grapples with the heaviest public debt burden in the developed world

The fireworks will occur when just 1-2% of the mainstream investor tries to move into gold.