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Once again, the Federal Reserve came, saw, and did nothing. This has become modus operandi for the Fed over the last two years. As each FOMC meeting approaches, speculation about a possible rate hike ramps up and then the Janet Yellen does…nothing. The one exception was last December, and that turned out to be a […]
The Federal Reserve stayed pat on interest rates in its most recent meeting, but speculation continues to percolate that the central bank will possibly raise rates in September. Peter Schiff has been saying for months that the Fed won’t raise rates. He reiterated this on his most recent podcast. (Scroll down to listen to the […]
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 […]
The highly-anticipated Rio Olympics begins next week (August 5th), and with it, a race for the gold. Soon, Olympic winners will be standing on the podium donning their gold, silver, and bronze medals and waving towards a roaring crowd. Nothing is more iconic of the Games than these medals draped around the winners’ necks. But […]
Between Jan. 1 and July 11, the price of silver increased 44.7%. But can the white metal maintain its bull run? A prominent mining CEO thinks it can – and will. Mining, Inc. CEO Mitchell Krebs told Kitco News that he expects the precious metals sector to attract even more investor interest through the second […]
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 […]
As the saying goes: “Keep your friends close, and your enemies closer.” Here’s a quick look what the Fed’s been up to this week. Philly Fed Shows Drop in Manufacturing This week the Federal Reserve Bank of Philadelphia released the results of its Manufacturing Business Outlook Survey. The Survey of regional manufacturers showed general activity […]
Efforts to solve the Puerto Rican debt crisis have already run off the rails. Late last month, Congress passed a bill allowing Puerto Rico to restructure its debt. Under the plan, the US territory essentially declared bankruptcy. The US government won’t expend funds to bail out Puerto Rico, but will allow the island’s government to […]
When we talk about gold and its future prospects, we tend to focus on the latest event, economic news, or central bank pronouncement. We debate whether the Fed will raise or lower rates. We try to project the impact of Brexit on the price of gold. And we pour over the latest job numbers and […]
It’s hard to remember a time when the press wasn’t talking about Hillary Clinton or Donald Trump. The US two-party system is sustained by one-sided media coverage. However, Presidential candidate and Libertarian Party nominee, Gary Johnson may be forcing his way onto the political stage. Also a candidate in the 2012 election, the former New […]
