Precious metals news

This week, we saw predictions Trumponomics will indeed bring a spike of growth, but it will be a spike quickly destroyed by crippling interest rates. Could this be what’s causing the US Federal Chair Janet Yellen to suggest raising rates too fast would be “unwise”? As seats start opening up at the FOMC, Trump is in position to add key new members and start swaying the vote in his administration’s favor.

This article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
Today marks silver’s ninth consecutive week of higher nominal prices. Short coverings from yesterday’s rally is the reason behind silver’s higher price today. Commodity traders have been looking at the chart below and deeming silver as overbought. This is seen in the large short interest for silver, meaning traders are betting against silver’s price by shorting the market. Across silver futures, ETF's, and OTC markets, there has been an increase in short positions.

Silver Heading for Best Weekly Run in More Than 10 Years

Expect a vicious repeat of the “stagflation” of the 1970s, but with prices rising FAR more rapidly than incomes, except for the top 1%. Expect silver, gold, mining stocks and the […]

Since mid-December 2016, when gold appears to have bottomed out from the manipulated price “correction” that began in August, gold has been trading in defiance of the Fed’s attempts at […]

The stage has been set for high levels of uncertainly, and with uncertainty comes opportunities...

The French run the risk of creating a crisis worse than the fall of Lehman Brothers if it instigates an EU referendum, says Deutsche Bank.

Maintaining a large balance sheet is confiscatory credit control that enlarges the Fed's credit footprint on the economy, explains George Selgin.

This infographic lifts the lid on bullion banking, looking at the world of fractional-reserve paper gold trading built on the unallocated gold account system.

Is it natural to ask, have the big banks formed a cartel to rig the prices of their own stocks?

It's impossible to predict with certainty how much more insane our financial markets will get before an inevitable correction. But my personal bet is: A lot! For my reasons why, take a few minutes

In January, Russia continued to increase its gold reserves with a large purchase of more than one million troy ounces, Vesti.ru reports.

Jim Rickards shows you “the biggest financial story in the world today.” Will it accelerate demands for a new monetary order? Read on.

China's response "We Are The Grand Champions of Economic Development"

Technical analyst Jack Chan charts the latest moves in the precious metals sector:

This alone is quite bullish:

Current stock market valuations are not sustainable - A Great Crash Is Coming.  It may not happen next week or next month, but it is going to happen.  And when it does […]

According to the fundamentals, gold and silver are severely compressed coiled springs looking for an opportunity to release their tremendous power.

Gold push higher for a second straight session on Friday, steering toward its highest settlement price in more than three months as metals across the board are boosted by a weaker dollar.

The LME has reached a 50:50 revenue-sharing deal with a company founded by a group of banks to promote trade in its new gold futures contracts...