Gold News | Precious Metals News

Jul82015

Electronic stock market pricing board, with Chinese characters

China Bans Stock Sales by Major Shareholders for Six Months

China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stop the nation’s $3.5 trillion stock-market rout. Investors with stakes exceeding 5 percent must maintain their positions, the China Securities Regulatory Commission said in a statement. The rule is intended to guard…

Details

2015-07-08

Jul72015

Greek flag juxtaposed over European Union flag with white retro clock sitting in front, moments away from unrest

Greece ‘48 Hours Away From Unrest’

Greek Prime Minister Alexis Tsipras probably has 48 hours to resolve a standoff with creditors before civil unrest breaks out and ATMs run out of cash, hedge fund Balyasny Asset Management said. Fund managers are questioning how the International Monetary Fund and Europe’s leaders can seal a deal with Athens following the “no” vote in…

Details

2015-07-07

Jul12015

Mutual funds section of newspaper with pair of eyeglasses magnifying the newspaper heading

BlackRock Seeks SEC Clearance for Internal Fund Lending

BlackRock Inc. is seeking government clearance to set up an internal program in which mutual funds that get hit with client redemptions could temporarily borrow money from sister funds that are flush with cash. BlackRock, the world’s largest money manager, filed with the U.S. Securities and Exchange Commission on Friday to set up what’s known…

Details

2015-07-01

Jun302015

Sleek compass rose with flag of Greece in center, and gold arrow pointing directly at the words "Crisis"

Greece to Miss IMF Debt Payment and Bailout to Expire

Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced it to put a nationwide lockdown on money withdrawals. Greece owes the IMF about $1.9 billion by the end of Tuesday but…

Details

2015-06-30

Jun302015

Blue and grey map of the world with a focus on Greece, overshadowed by a gold coin with a pie cut out of it

Greece’s Bank Holiday from Hell

It was more or less impossible for Greek banks to open on Monday, once the European Central Bank announced it was turning off emergency lending to them. Because in the absence of any increase in this so called Emergency Liquidity Assistance, the banks had no way to supply cash to Greek depositors who have been…

Details

2015-06-30

Jun252015

Low Interest Rates Are Threat to Pension Funds, Life Insurers, Says OECD

The Organization for Economic Cooperation and Development warned on Wednesday that prolonged low interest rates fueled by central banks’ quantitative easing pose a serious threat to the solvency of pension funds and life insurers that could send ripples through the global financial system. As interest rates are expected to stay low for an extended period,…

Details

2015-06-25

Jun242015

Dollar sign colored like the American flag, breaking through a large grey crack

We Need Not Accept Economic Stagnation

President Obama continues to hail the economic “breakthrough.” Yet in the seventh year of his presidency, few families are enjoying a breakthrough for them. Instead, most families continue to struggle through the worst economic recovery since the 1940s. We recently learned that the economy actually shrunk in the first quarter of this year, and a…

Details

2015-06-24

Jun232015

Line chart with arrow imprinted with the U.S dollar skyrocketing upwards, showing increase

Government Debt Threatens to Send U.S. Economy into Death Spiral, CBO Warns

Rising federal debt threatens to choke economic growth within a decade, beginning a death spiral that will sap revenue from government programs even as demands grow, forcing the government to borrow even more, Congress‘ budget watchdog said in a frightening report Tuesday. Budget cuts or tax increases now would help avert that scary scenario, leaving…

Details

2015-06-23

Jun222015

Marriner S. Eccles Building, the Federal Reserve Building

U.S. Economy Still Running Below Trend in May, Chicago Fed Indicator Shows

The U.S. economy was still running below trend in May, according to the Chicago Fed’s national activity index released Monday. The index, a weighted average of 85 different economic indicators, edged up to negative 0.17 from negative 0.19, and the three-month average edged up to negative 0.16 from negative 0.20. A zero reading shows the…

Details

2015-06-22

Jun192015

Greek debt highlighted above a backdrop of stock market prices and shadow of a man holding briefcase and umbrella

Euro Zone Sets Emergency Summit on Greece as Money Flees

Euro zone leaders will hold an emergency summit on Monday to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a debt deal. Finance ministers of the 19-nation currency bloc failed to make any breakthrough on a cash-for-reforms agreement at talks…

Details

2015-06-19

Jun172015

An outline of the United States, made up of tiny blue and black boxes with red arrow over the country indicating an underperforming economy

Six Years Later, U.S. Economy Still Underperforms

The U.S. economy is nearly six years into its current economic expansion cycle and overall economic numbers continue to disappoint. Friday’s news that the U.S. economy contracted by 0.7% in the first quarter is expected to be a temporary blip in overall economic growth, but the current recovery phase remains limp and lackluster at best…

Details

2015-06-17

Jun172015

Bars of gold and three stacks of $100 and $50 bills atop an alphabetized list of stocks

Bank of America Is Forecasting a ‘Scary Summer’ for the Stock Market

Investors might want to add a little cash and some gold to their portfolio’s summer outfit. So say analysts at Bank of America Merrill Lynch, who are forecasting a grim summer for stocks this year. In other words, it might be wise to apply ample dollops of market-correction block in addition to any sunscreen you…

Details

2015-06-17

News Center & Blog Desk

Recent news and stories that impact the precious metals markets

China Bans Stock Sales by Major Shareholders for Six Months

Greece ‘48 Hours Away From Unrest’

BlackRock Seeks SEC Clearance for Internal Fund Lending

Greece to Miss IMF Debt Payment and Bailout to Expire

Greece’s Bank Holiday from Hell

Low Interest Rates Are Threat to Pension Funds, Life Insurers, Says OECD

We Need Not Accept Economic Stagnation

Government Debt Threatens to Send U.S. Economy into Death Spiral, CBO Warns

U.S. Economy Still Running Below Trend in May, Chicago Fed Indicator Shows

Euro Zone Sets Emergency Summit on Greece as Money Flees

Six Years Later, U.S. Economy Still Underperforms

Bank of America Is Forecasting a ‘Scary Summer’ for the Stock Market

Get My Free Resources Today!