Precious metals news

Since June's FOMC statement, bonds & bullion have been well bid with stocks unchanged as rate-hike hopes collapsed.

while Central Banks continue to "rearrange deck chairs" by shuffling bad debt around the globe & fostering continued bailouts of banks & hedge funds, the "ship is still slowly sinking."

"This is because central banks, including most importantly the Federal Reserve, will not be able to exit from unconventional monetary policy in a benign manner & will remain committed to ongoing balance-sheet expansion"

"Banks are dying and policymakers don’t know what to do," Gundlach said. "Watch Deutsche Bank shares go to single digits and people will start to panic... "I am not selling […]

Deutsche Bank shares Hit A New Record Low Today. It's value has halved since the beginning of the year.

With global developed market bond yields crashing to record lows & almost $10 trillion of negative-yielding debt worldwide, it is no surprise that money managers are concerned that "it's starting to feel like 2008."

In the United States, Bernie Sanders has built a political movement selling the glories of Democratic Socialism. Young Americans eager for the handouts promised by Sanders have flocked to the Vermont Senator in droves.
Meanwhile, Venezuelans labor under the realities of Bernie’s economic vision.
VICE News put together a short video showing the realities of life in the socialist utopia.
Even those with cash are finding it hard to find food. Manuel Guevara wanders through grocery stores hoping to find something to eat.
Whenever I have free time, I pass by a supermarket, and I always go in to see what’s available because sometimes you find rare products, like cornflakes. Or sometimes you find nothing.”

Faber explained why a lack of additional quantitative easing globally could actually lead to a recession

Billionaire bond investor Bill Gross has a message for Janet Yellen: Take a lesson from Monopoly.

Investors have been piling into gold, the highest since 2013 while silver assets are near a record

Signs of a possible run on London's vital banking sector spooked investors on Wall Street after three prominent U.K. financial firms reported that they stopped trading in their commercial property funds because large numbers of investors were trying to liquidate their holdings.

Fear of instability in the European Union and of decades of global stagnation sent stock markets sharply lower on Wednesday

China is using opportunity to engineer currency decline: RBC

The pound fell to its weakest level in three decades against the dollar, surpassing lows reached in the aftermath of Britain's vote to leave the EU

European banking stocks resumed their descent as policy makers disagreed & sometimes issued contradictory statements about what may come next.

Gold's post-Brexit vote surge continues unabated, with Bloomberg reporting today that the price of the safe haven commodity has risen for six consecutive days.

A bull market in gold and silver is now confirmed...

Someone is going to pay for Brexit.   The question is will it be the global elite, or the masses?

The following are powerful factors related to Silver, driving up the Silver price:

Gold holdings rose to the most in more than five years as investors pile into the metal amid turmoil in financial markets and concern over global economic growth