Precious metals news

It’s a nutty and artificial way of setting prices in important commodities, almost as nutty as how we set drug prices, but not one of my making. I’m trying to point out how crazy and illegal it is in commodities.

First, the price of gold is set in the COMEX futures market, nowhere else. The large U.S bullion banks, (JPMorgan is the ringleader) uses a combination of illegal bid-pulling, spoofing and high-frequency trading to manipulate technical fund traders into selling out their futures contracts, even if they don’t want to.

I am loving this correction! I am relishing the fact that gold and gold stocks are ‘correcting’

I apologize for the length but I can't make this stuff up, I just try to tie it together. First, we have been hearing the word "rigged"

Connecting the dots on world money and it impacts your financial security. James Rickards dives into IMF motives and what the end game is...

It’s a typical Goldman partnership with their customers – one for you, 10 for them.

The short answer is, they  don’t.   Central Banks function as “legititmized” price control mechanisms.  They control the price of money in order to help the elitists confiscate yo…

Just over a year ago, Dr. John Hussman introduced a new way to value the broad stock market, total market cap of non financial U.S. corporations relative to their “gross value added.” E…

The troubling response, however, has resulted in even more doubt if the gold is, in fact, there. As we reported yesterday, what made this particular "failure to deliver" notable is […]

This article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist.  It seems at least once a week, a Fed official is coming out of the woodwork to suggest the “possibility” of a September rate hike. Right now, investors are nearly split over whether or not that is likely to happen. What’s really prompting this more aggressive posture by the Fed? In his latest podcast, Peter Schiff looks at the real motives behind the faux-hawkish statements from the Federal Reserve.
Basically, it comes down to a bait-and-switch move by the Fed to create some wiggle room for actually doing nothing. Here’s an analogy: a fish monger tells his customers, “It’s possible I will raise the price of fish.” Since he’s created the idea that a price increase is possible, he can now tell my customers, “I’ve decided NOT to raise prices.” The fish seller wants his customers to appreciate how “inexpensive” the current price is. They will now feel as if they’ve gotten something (“inexpensive” fish...

Do you remember the housing bubble in the U.S. that helped fuel the last financial crisis? Well, a very similar bubble is now bursting up in Canada

We have come to a point in time where you are causing more harm than good. For decades, your role as not only the central bank to the US, but to the entire financial world helped ensure confidence in a fiat economy.

The upcoming referendum in Italy this fall will have a major macroeconomic impact on the world.

the big banks involved effectively ‘pay-to-play’ with criminals & get relatively tiny fines for fraudulent and quasi-legal practices (like Goldman Sachs’....

This is the 3rd quarterly decline - the first instance since 1979...

Consumer Debt with Negative Rates is “a Perversion.”

Take a look at the Shanghai fix.  Their early morning fix (our late at night time zone) saw the fix at $1319.72.  The exact NY price at the time was […]

expected ISM reading that caught economists by surprise comes news that motor vehicle sales for August are not living up to expectations.

Assets that are deeply overvalued will fall in price. And great assets that are undervalued will eventually rise in price.

"Their disposable income is getting eaten up," Johnson said. "They are in worse shape than the experts think."