Precious metals news

No constraint at all, over how much debt the government can pile on the backs of future generations of Americans

Goldman Sachs has been at the heart of nearly every major banking scandal in recent history.

HURRICANE Jose is on track to become a Category 4 storm as the battered region grapples with Irma, Katia and a killer earthquake.

Deadly Irma Heads for Miami as Caribbean Islands Are Wrecked

Meanwhile, for the first time in history, more young adults today are living at home with mom and dad than with a spouse.

Wary of robots taking jobs, Hawaii toys with guaranteed pay

A statistical analysis of the drivers of the dollar-yen exchange rate this year suggest that gold is the “principal” determinant, according to UniCredit SpA strategist Vasileios Gkionakis.

A gauge of dollar strength dropped for a seventh straight day on Friday to extend a 2 1/2-year low

Steen Jakobsen, chief investment officer at Saxo Bank, discusses Mario Draghi's speech on monetary policy & his outlook for the euro.

Demand for physical metal picking up with intensity. The window of opportunity for smashings and flash crashes is almost closed. Here is a recap of Thursday as we start what […]

The US Commodity Futures Trading Commission (CFTC) has filed a civil lawsuit against California-based gold dealer Monex Deposit Co. in what officials call one of the largest precious metals fraud cases in the history of the commission.
The CFTC alleges Monex defrauded thousands of retail customers nationwide out of hundreds of millions of dollars, while executing illegal, off-exchange, leveraged commodity transactions.

Officials in Western Australia have announced a plan to raise the gold royalty payments the state levies on gold miners by 1.25%, a move that could depress gold output in the world's second-largest gold producing country.

Clive Maund's latest Silver Update is out, and he seems the same potential for a bull market in silver that he sees in gold. Volume has been picking up in silver but Clive cautions silver typically underperforms gold early in bull markets. Still, when you look at this charts and analysis, the future looks bright for silver. Here's an excerpt:Read Clive's full silver update here.

According to Clive Maund, the time to accumulate gold investments at good prices may be ending soon.In his latest Gold Update, he's bullish on gold and gold stocks. Here's an except from his report where he believes a "mighty bull market" may be setting up:Be sure to read Clive's full update and see all of his charts and technical analysis.

There has been much chatter about US gold reserves and German gold reserves. If this Western dog-and-pony show is a strategic geo-political bluff to China, then China may be calling […]

The CFTC just sued a California gold dealer in what is reported by Reuters as the "biggest ever retail precious metals fraud enforcement action brought by the regulator".  The action […]

Bitcoin has significant upside. BTC and precious metals both offer alternatives to government monopolized fiat currency. They play a similar role as free market, sound money. But as with any financial instrument, there are potential pitfalls. Diversifying your cryptocurrency portfolio with precious metals can help mitigate some of the potential downside and put you on in an overall stronger financial positiong.
Bloomberg reports emerging markets fund manager Mark Mobius warned that governments will begin clamping down on digital currencies because of their use in illicit financing, terrorism, and drug trafficking. He said that's going to mean a rush back to gold.
Cryptocurrencies are beginning to get out of control and it’s going to attract the attention of governments around the world. You’re going to get a reversion back to gold because people are going to wonder, can I really trust these currencies?”

Gold flowed into gold-backed exchange-traded funds in August, signalling robust demand for the yellow metal.
According to the World Gold Council, gold-backed ETF holdings increase by 31.4 tons in August to 2,295 in total global gold holdings.
Gold ETFs account for a significant part of the gold market. ETF holdings are on par with the foreign reserve gold holdings of France and Italy.

We are keeping a close eye on supply, and now, official sales numbers are re-affirming the analysis. With just two days worth of September data, physical demand is picking up steam, and […]

Evidence of a challenged consumer drowning in debt continues to build. Credit card debt recently hit a record high at $1.02 trillion, and total consumer credit, which includes auto and education loans and excludes mortgages, is fast approaching $4 trillion.