Precious metals news

Three of the U.K.'s largest real estate funds have frozen almost 9.1 billion pounds ($12 billion) of assets after Britain's shock vote to leave the European Union sparked a flurry of redemptions

Gold & silver prices generally move inversely to the U.S. dollar, which is expected to remain weak, says Strategic Intelligence's Jim Rickards.

What is coming is much worse than a financial crash. Former Wall Street analyst turned journalist, Michael Krieger, contends

Ole Hansen, head of commodity strategy at Saxo Bank, explains why precious metals, such as silver, performing strongly.

Markets are settling uncomfortably into a post-Brexit dystopia. Rumors abound of crashing business expectations and culls of bankers

the trust in central banks & government is collapsing & when you want to protect yourself from the ruler, you have to get outside to rule book & that means you need to have assets and ownerships outside their reach

In this provocative interview, derivatives expert Rob Kirby discusses the Secret bailout of Long Term Capital (LTC), based on Italy secretly leasing out its gold, using the freed-up gold and […]

Owning Some Cash Gold is a ‘No Brainer'...

Starting last night on several occasions the bankers tried knocking gold down. Tomorrow’s OI reading (for today’s trading) will be astronomical especially for gold and I can see another raid […]

In a CNBC interview last week, PureFunds CEO Andrew Chanin pointed out that a lot of people don’t really think about silver.
Well, it might be time to give the white metal a little thought.
Silver has risen along with gold since the Brexit vote, and it went into hyper-drive Sunday. The metal rose 8.6% in the two days, peaking at over $21 an ounce for a time on Monday before falling back on profit-taking. It was the biggest two-day gain for silver since 2011.
Chinese demand was a major factor driving the silver price spike, according to Mining.com:
Silver prices hit a two-year high Monday...as the precious metal continues to gain from the safe-haven rally following the UK referendum, driven mostly by a sudden jump in Chinese demand. Asian buyers scooped up vast volumes of physical silver overnight, with the Shanghai Futures Exchange, the most actively traded silver futures contract, hitting its 6% daily maximum at opening to reach 4,419 yuan ($663) a kilogram. Preciou...

Silver futures didn't take it easy during the Independence Day holiday.

Faber: Brexit Mean's More Money Printing.....

This fall-off in trust is resulting in people shifting into Gold

a very real possibility, the chaos would not only risk a financial collapse in Italy, but would spread through the euro zone.

“Brexit could lead to a full-blown banking crisis in Italy... The risk of a eurozone meltdown is clearly there if Brexit concerns are not immediately addressed.”

We will not only see a repeat of this occurrence, but it could be exponentially larger than Lehman's was

Mark Carney pledged to shore up financial stability as he warned that the risks from Britain's decision to leave the European Union have started to crystallize.

Divisions on which approach to take on fiscal rules remain deep. Cracks are emerging even in Germany's government coalition.

if the market falls too far the investor loses both the yield & underlying capital

The debt will soar higher still in the coming months, & is expected to approach $20 trillion by the time President Obama leaves office