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POSTED ON March 29, 2018  - POSTED IN Key Gold Headlines

Over the last several weeks, we’ve spotlighted a lot of data indicating the economy isn’t nearly as strong as the mainstream pundits keep telling us. We’ve focused on the collapsing retail sector.  We’ve looked at household debt and US consumer stress. We’ve talked a lot about the US federal debt and its potential impact on the economy.

There’s another factor that indicates there may be some cracks in the global economy – the silver-gold ratio.

POSTED ON March 28, 2018  - POSTED IN Key Gold Headlines

Stocks rebounded Monday after their precipitous fall late last week. The Dow Jones rose 669 points. Then on Tuesday, it tanked again, falling over 300 points.

In his latest podcast, Peter Schiff said the increase in stock market volatility is another sign things are different. He reiterated what he said last Friday. He thinks we are in a bear market. All of the flashing warning signs are there. It’s just that nobody can seem to see them.

POSTED ON March 26, 2018  - POSTED IN Key Gold Headlines

Spending America into oblivion has become business as usual on Capitol Hill.

On Friday, Pres. Donald Trump signed a $1.3 trillion dollar spending bill. The legislation funds the federal government through the remainder of the 2018 budget year, which ends Sept. 30.

The bill directs $700 billion to the military and $591 billion to various domestic agencies. According to the Washington Post, military spending will increase $66 billion over the 2017 level, and the nondefense spending comes in at $52 billion more than last year.

POSTED ON March 22, 2018  - POSTED IN It's Your Dime

SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics.

In this episode, host Mike Maharrey talks with SchiffGold senior precious metals specialist Joel Bauman. In an interview recorded earlier this month, they discuss the current state of the precious metals market and Joel talks about where he thinks it’s heading in the near future. Along the way, Joel and Mike get into several interesting subjects including gold and silver’s role as a portfolio hedge, ETFs vs. physical gold, counterparty risk and the cryptocurrency phenomenon.

POSTED ON March 22, 2018  - POSTED IN Key Gold Headlines

The Federal Reserve followed its script yesterday and raised interest rates another 25 basis points. But the central bankers did surprise some people by hinting at just two more hikes this year. Analysts have been fixated on the possibility of four 2018 rate increases.

The Fed’s slightly more dovish tone on rate hikes sent gold climbing. The yellow metal gained about 1% in the aftermath of the FOMC meeting.

Nevertheless, even while dampening expectations of faster tightening, the Fed continued to talk up the economy. In fact, the central bankers project continuing rate hikes all the way into 2020. In his most recent podcast, Peter said the Fed sounded even more optimistic about the economy than it has in the past. He called it “all politics,” designed to maintain the illusion that everything is great.

POSTED ON March 19, 2018  - POSTED IN Key Gold Headlines

Could we be on the verge of a retail apocalypse?

February marked the third straight month of declining retail sales. Analysts had not expected another drop, but they got one nonetheless. Sales fell 0.1% in February. Analysts had expected an uptick of 0.3%.

This is not good news for a retail sector that is already teetering on the brink.

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