Precious metals news

In A Crucial Market Update, Eric Sprott Explains This Week's STUNNING and DRAMATIC Global Sell-Off in Long Bonds, and what the implications are for gold and silver prices:

Pundits with little else to say tell us that September is traditionally a good month for gold. Nice to hear, but as they say, past performance is no guide for […]

Gold stocks have suffered a terrible month, plunging in a serious selloff.  The resulting carnage has left investors and speculators shaken, wondering if this red-hot sector’s blistering new bull this […]

Explaining the moves in the gold price

Silver & Gold still Out Performing S&P and Treasuries for the Year

Gold does have a historical store of value characteristics. It is held by Central Banks & institutions as a reserve. They do not want to sell it

as the economic expansion matures & growth continues to underwhelm expectations; limiting the Fed’s capacity to materially raise rates – despite an upturn in inflation

It’s GAME OVER for the ECB & for Europe. The ECB has cut interest rates into negative territory four times. It has also spent €1 trillion in QE bringing its balance sheet to a record high.

The market hangs in a virtual stasis. Over the past couple of months, we have continued to drift from one economic report, or Central Bank meeting, to the next.

Oops...Compared to recent lack of volatility, today was indeed a bloodbath and the week was the worst week for stocks in 7 months...

It seems like a long time has passed since all the hawkish talk from the Fed after the jobs report came out. That’s probably because this week has seen mounting evidence that a rate hike before December, or possibly even 2017, is now highly unlikely. Learn more about it in this week’s Fed Up Friday.
Ever since the Jackson Hole symposium, a Fed rate hike in September has supposedly become more possible. But this week has brought a halt to all the speculation and a reversal of sentiment. In two short weeks, things have taken a swift 180 with chances of a 2016 decline seeming even dimmer. Michael Farr, President of Farr, Miller & Washington, can list three reasons why the next hike will be pushed to 2017:

As previously discussed, this ‘nowcast’ is working its way lower as more data is released, much like it did last quarter.

Barclays Bank says that as a result of bank dealers leaving the credit markets, liquidity has dried up significantly

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The chart below is VERY bad news for Americans rich and poor. This is the reason investors need to be holding onto LOTS of physical gold and silver bullion:

it's nothing more than a economic justification for an asset bubble, in this case one inflated by central banks who have created the biggest bond & stock bubble in history courtesy of some $2.5 trillion in annual liquidity injections...

The “flash boys” with the support of our own Eric Sprott are taking on the bad guys our HFT traders in the gold market. They should neutralize the criminals stopping […]

Volatility Storm Brews In Markets As Levered Longs Face Death: RBC

Large U.S. banks may have to boost their reserves to protect against losses in the face of a financial crisis, the Federal Reserve said on Thursday as it outlined exactly how it may demand such capital.

The benchmark S&P 500 drops sharply Friday, following hawkish comments from Federal Reserve officials while a slump in oil prices hit energy shares.