Precious metals news

In a recent episode of the Santilli Exchange, Pete Santilli talked with Hoover Institution Fellow Tim Kane about the June jobs report and the overall state of the US economy.
Despite all of the giddiness about the recent jump in the number of jobs created, Kane said this jobs report wasn’t as positive as advertised:
The thing that really shocked me was if we compare this year to last year, 850,000 people are not in the labor force. You have unemployed, you have employed, and you have people who are not in the labor force. That’s gone up. It’s not a good report.”
Kane went on to discuss the overall performance of the US economy in light of recent Hoover Institution research showing that the recovery after each subsequent recession is getting weaker and weaker. He pointed out that we should be in boom right now. But as Peter Schiff has put it, we are actually in a “phony recovery.”

'Europe is extremely sick', says Deutsche Bank chief economist

well done, Blackhawk Ben: while you never managed to unleash helicopter money in the US, you finally succeeded in bringing it to Japan which will now be a trial balloon for the rest of the world

The BOJ has kept monetary policy steady since January, when it decided to add negative rates to its massive asset-buying program in a fresh attempt to accelerate inflation.

the eurozone is a cauldron of systemic dangers - which, again, have nothing to do with Brexit

the Italian government is considering a banking sector bailout which could breach European Union rules.

the disintegration of the European Union seemed practically inevitable. Brewing crises in other EU countries, especially Italy, deepened the dark forecast for the EU’s survival.

The momentum has clearly shifted to the risk-off safe-haven assets such as precious metals & sovereign bonds. This flood-tide of cash into bonds has helped push yields into negative territory

Ultimately, central bankers might prove the biggest X Factor in how this all ends.

On Nonfarm Friday, gold rose to 1367.40 on heavy volume, while silver jumped +0.60 to 20.35 on heavy volume also.  Metals were hit fairly hard at the time of the […]

SchiffGold is excited to announce that we will be merging with GoldMoney (formerly Bitgold), a rapidly growing financial technology company that offers a diverse variety of gold-based products. By combining forces, Peter Schiff will be joining the likes of well-known gold experts, James Turk and Eric Sprott.
This joint venture will enhance the services SchiffGold can offer our customers and the reach we will have on the global market. Our formula will stay the same - SchiffGold will continue providing personal service to our customers, expert 1-on-1 guidance, and among the lowest pricing for physical gold and silver in the industry.
The GoldMoney/SchiffGold team share a like-minded passion for gold and offering the highest quality services to our customers. With the help of our existing and future customers, we look forward to re-introducing gold into the modern-day-world.
In this video Peter Schiff explains the details of the merger and touches on the exciting enhanceme...

MASSIVE UPSIDE-OUTSIDE DAY REVERSALS IN BOTH GOLD AND SILVER AND THUS EXTREMELY BULLISH

The number one reason to buy physical gold & silver, is the global currency rot that is happening today, that is relentless, & that Central Bankers are now helpless to stop

"People around the world are losing confidence in central bank money,"

GOLD PRICES whipped violently Friday on news of the strongest US employment since October, recovering all of a sudden 2% plunge

It will be very interesting to see if these patterns will continue to track each other this closely in the future. If so, we are in for a wild ride - an extremely volatile rally...

Ron Paul delves into the lifeblood of civilization, & how government de-civilizes with its interventions.

The resulting impact will likely be one of the worst financial disasters in human and financial history.

A TIMELINE SHOWING THE FALL OF ONE OF EUROPE'S MOST ICONIC FINANCIAL INSTITUTIONS

This is clearly a response to what they know is coming. There is no question that they are preparing for an uprising.