Precious metals news

Hot money is saying an increase in war risk means you must buy the dollar, and the real money is saying buy gold:

Fibonacci and other Technicals tells us it is likely a Major move down will begin by September/October. Indeed, The Fed will have to print “Money from Helicopters” and that will […]

Wondering Why Gold and Particularly Silver Prices Were HAMMERED This Week? Eric Sprott Explains:

In silver, the commercials closed -12.2k shorts, an 8% decrease, while managed money bailed out of 10.8k longs, a 10.8% decrease. Commercials have finally started ringing the cash register after […]

With Trump’s first 100 days in office coming tomorrow, the mainstream media is abuzz with proclamations of failure. In terms of real numbers, the first 100 days of any president represents around 7% of their overall term. Some are questioning whether it’s fair to judge a new president from such a small sample. Trump himself has called the 100-day standard “an artificial barrier,” adding it was “not very meaningful” in a Twitter post.
Despite its meaning or arbitrariness, 100 days is a standard nevertheless. Mainstream media will, no doubt, comb over Trump’s executive orders, the healthcare fail, and administrative missteps. However, other perspectives exist to help precious metals investors learn from the past 100 days and plan for future market volatility that can affect the price of gold.

GOLD WITHSTANDS CARTEL ATTACK!

This week Nasdaq soared to record highs, cracking the 6,000 ceiling for the first time. The Dow Jones surged as well, gaining 1.1% Tuesday. Earlier this year, the Dow shot above the 21,000 mark and hit record highs 12 days in a row in February. Despite these impressive numbers, there are increasing signs that the economy is tanking. In fact, there is a huge reality disconnect between what is going on in the economy and the soaring stock markets.

Marc Faber appeared on CNBC Futures Now recently to talk about the impending pop of the stock market bubble. “Dr. Doom” has predicted a 20% to 40% stock market selloff in the near future.The show's host, along will Scott Nations, pressed Faber on the surging stock market. "If someone piled into stocks in 2012, 2013, 2014 or 2015 they've done pretty well. Why were you so wrong then, and why should we think you're so right now?" Nations asked.

Korean news service Yonhap reported that North Korea test-fired a ballistic missle.

The internals of the GDP report were as ugly as the headline. The major source of weakness was what was supposed to be the sole source of strength – consumers.

Puerto Rico’s federal overseers took an initial step toward considering the use of bankruptcy-like proceedings to allow the island to escape from $70 billion of debt and approved a plan that calls for extracting concessions from owners of water agency bonds.

President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis.

The central banks have a problem here...

"Watch the GSR.  Watch it.  It's high. Silver is Going to Make A BIG Move Up:"

We are looking at a collapse in confidence this time around.

I don’t believe people really understand just how bad things will get as the financial markets finally roll over for the LAST TIME.  Analysts such as Peter Schiff (who I […]

Even with the stock market at record highs, Mr. Fink said the U.S. is "decelerating."

DGSE a publicly traded retailer, just signed an LOI to buy Elemetal Recycling. It gets better. DGSE is #2 on the S&P list of likely retailers to default. Wait, there's […]

Gird Your Loins...

Since the beginning of 2017, the US dollar has struggled against nearly every major currency, calling into question the idea that the US dollar is still in a bull market. I