Precious metals news

Officials across the globe scrambled over the weekend to catch the culprits behind a massive ransomware worm that disrupted operations at car factories, hospitals, shops & schools, while Microsoft on Sunday pinned blame on the U.S. government for not disclosing more software vulnerabilities.

Fed reinvestments financed almost half the U.S. deficit in ’16. Loss of demand may lift funding costs, complicate Trump agenda

Puerto Rico, where half the 3.4 million inhabitants live in poverty, has become America’s Greece: Thousands of people, many of them professionals, are fleeing for the U.S. mainland.

North Korea boasted on Monday that its new rocket could carry a “large-size heavy nuclear warhead” over long distances, with analysts estimating that it could reach U.S. military forces on the island of Guam.

With controversy swirling around conspiracy and rigging of gold & silver, where’s the hard evidence and real proof that the world biggest bullion banks and brokerage houses have been conspiring […]

London Metals Expert Alasdair Macleod Isn't Convinced the Bottom is in Quite Yet for Gold and Silver Prices.  Here's Why:

The Fed and Central banks are manipulating the gold and silver price because they are Horrified that the biggest global BANK RUN in history will take down the entire system. 

Embrace the Guillotine: Is the Silver Slaughter Finally Over? Doc & Dubin Break Down All the Action - Was THIS The Sign We've Seen the Bottom?

Can You Measure Capitulation? Eric Sprott Believes We Are Experiencing An Exhaustion BUY ALERT In Silver:

Given the inability to manipulate its market via paper derivative instruments and short selling, this is the message that Bitcoin is signaling: In the absence of the ability to manipulate […]

For 9 consecutive days, the amount standing for physical has risen.  On First day notice 16.8 million oz were standing; tonight 22.12 million oz. It looks to me that sovereign […]

Tensions Are Heating Up Between U.S., China, Russia, and North Korea. Will This Lead to WWIII? Jim Willie Returns For An Exclusive Analysis on WW 3 - AND GOLD...

This to me is a WARNING SIGN that the situation for by-product silver production will likely continue to deteriorate

The gold hoarding started in April, with JP Morgan boosting its portfolio by over 380,000 ounces. The message is bullish, & it’s loud.

Technically, it is time for gold to rise up into the pattern that it is forming. Its failure to breakdown further and the performance of the three gold markets across the world point higher today.

Gold prices end higher on Friday to tally the longest winning run since mid-April, as the dollar drifts lower.

Imagine if you saw me walking down the street sporting a new pair of Adidas Yeezy Boost shoes designed by Kanye West. With a $750 to $2,500 price tag, you'd probably assume I came into some extra cash, right?
But maybe not.
I might have financed my new kicks.
Yes, ladies and gentlemen, some retailers are offering the option to finance high-end shoes. That's great for the cash-strapped teen who wants to make sure he's on the cutting edge of the fashion scene, but could it be inflating the next big bubble?

We recently reported on declining gold production in China and an overall tightening in supply. It appears this is also a growing squeeze on the silver supply. In 2016, global silver mine production fell for the first time in 14 years.
According to a report by the Silver Institute, silver mine production declined by 0.6% to a total of 885.8 million ounces.
Global silver mine production in 2016 recorded its first decline since 2002, largely the result of lower by-product output from the lead/zinc and gold sectors.  Coupled with less silver scrap supply to the market, which posted its lowest level since 1996, as well as a contraction in producer hedging, total silver supply decreased by 32.6 million ounces in 2016."

Everyone else who has dollars in their pocket has experienced a loss in the value of their money. It is only the person who bought the gold coins who has stayed even.

The current environment more closely resembles that of 2007 as the market heads toward the END of a bullish phase with valuations extended, exuberance high and fear extremely low