The global economic outlook has become more uncertain after Britain's vote to leave the European Union, the European Central Bank said on Thursday, reaffirming its readiness to act if needed to support euro zone inflation.
After a spike in volatility in the wake of the June 23 referendum, financial markets have returned to a relative calm, but economists have warned the full economic effec... read more
Goldman Sachs Group Inc. is the latest to join a chorus reasoning the Bank of Japan is reaching the limits of its stimulus program, just as nation’s bonds tumbled the most in more than three years.
Governor Haruhiko Kuroda has struggled to get insurers and pension funds to cut their holdings of longer-dated Japanese government bonds, and speculation about the sustainability of the cent... read more
The Bank of England cut interest rates on Thursday for the first time since 2009, revived its bond-buying programme and said it would take "whatever action is necessary" to achieve stability in the wake of Britain's vote to leave the European Union.
The central bank said it expected the economy to stagnate for the rest of 2016 and suffer weak growth throughout next year. It cut its main le... read more
Today top trends forecaster Gerald Celente warned one of the biggest central bank gambles in world history failed as the gold market prepares to skyrocket to $2,000.
Japan Rolls Snake Eyes
Despite expectations that the Bank of Japan would stimulate its nation’s foundering economy by driving interest rates further into negative territory, and that Prime Minister Shinzo Abe would fire h... read more
Silver prices are up over 40 percent so far this year. It has been one of the year’s best performing commodities – doing even better than gold, which is up “only” 24 percent year to date.
But as we’ve written before, there is good reason to believe silver prices are headed even higher. Negative interest rates and global economic uncertainty continue to scare markets and investors.... read more
The good news for gold enthusiasts is that China and Russia, the world’s No. 1 and No. 3 producers, are catching up to the big industrial countries in stocks of bullion in their official reserves.
The bad news is that, on present “steady-as-she goes” monthly gold accruals, it will take China and Russia — No. 6 and 7 in the world ranking of global gold reserves — about six years to... read more
With the price of oil tumbling and silver moving higher, the man who oversees more than $100 billion urges investors to buy gold and gold miners.
From CNBC: Jeff Gundlach, who oversees more than $100 billion at Los Angeles-based DoubleLine, “The yield on the 10-year yield may reverse and go lower again but I am not interested. You don’t make any money. The risk-reward is horrific,” Gu... read more
