Precious metals news

There are many fundamental & technical reasons that give this silver price rally & edge above all other previous rallies.

This will come at time as the silver price skyrockets, thus making it even harder for investors to acquire physical metal.

The crisis has reached a tipping point, and is about to unfold in a massive way.

With the dramatic run-up in paper derivative forms of gold relative to the amount of physical gold available to deliver into those paper claims, it would be a grave mistake […]

"Nothing creates prosperity, satisfaction, & happiness... like freedom" - Mike Maloney. It's ironic that yesterday we celebrated our independence from Great Britain… but 11 days ago, when Great Britain itself wanted to be free, our leaders opposed it. Mike weighs on what it means to be...

The following article was originally published at the Tenth Amendment Center.
The founding generation generally took a dim view of paper money. In a letter to Edward Carrington, Thomas Jefferson wrote, “Paper is poverty.  It is only the ghost of money, and not money itself.” Today, some investors are embracing the views of the Founders, recognizing the value of gold and silver as sound, stable money.
Investor and creator of Things that Make You Go Hmmm Grant Williams recently said he plans to buy gold regardless of what the Federal Reserve does or how its daily mechanizations impact the price. In fact, during an interview at the Mauldin Strategic Investment Conference, Williams said he doesn’t really pay attention to the price of the yellow metal:
I think what the Fed does could have short-term impact, but I don’t buy gold around it. I don’t buy gold at $1,100 because I think it’s going to $1,200, I buy it for what it does, not what the price is, the price is the last co...

Russia and Chinese leaders met twice during last week and called (again) for an end to the current (dollar) system.From my contacts with Chinese insiders I know they really understand […]

BLOODBATH Coming Monday? With Markets in Chaos in the Wake of the BREXIT Vote, Including Historic Moves in Currencies, Stocks, and Gold Prices, Jim Willie Joined Us For Exclusive Coverage, and Issued […]

Brexit is a sideshow to the world economy, which began weakening the end of 2014

Dr. Paul discusses the myths that surround GDP, the misleading CPI, unemployment & more

Silver jumped 2.51% to $19.18 per ounce, following a climb to over $19.41, the highest since early September 2014

In his Gold Videocast earlier this week, Peter Schiff said the Federal Reserve will likely use turmoil in the markets following the Brexit vote as an excuse not only to renege on its much anticipated rate-hike, but to cut rates and launch QE4. In fact, Peter was saying the Fed would end up cutting rates in the near future long before Brexit.
Well, the mainstream is catching up with Peter’s thinking much faster than normal this time around, and some analysts are becoming more bullish on gold as a result.
As we reported earlier this week, mainstream talking heads are already discussing the possibility of a Federal Reserve rate cut on major media outlets. Now we have a long article in the Daily Mail making the case that the Fed will take a knife to interest rates and gold will benefit:

Do you believe the economy is “rigged?”
If you do, you’re not alone.
A new poll by Marketplace and Edison Research found that a staggering 71% of Americans believe the economy is rigged.
The poll based its findings on answers to this question: which of the following comes closer to your opinion on the economic system in the US?
Rigged was the dominant answer across all demographics – black, white, Hispanic, Republican, Democrat, and independent. According to CNNMoney, the poll supports what it hears from everyday Americans:

We started off with the flushing of Lehman, and we just saw the flushing of a country, and the flushing of the sovereign bond bubbles.  All tops come on rhino […]

Silver's breaking out & not looking back. Silver's 2016 gains have now topped 32%.

Gold rose sharply after Britain's Brexit vote and technical analyst Jack Chan has found that a new gold bull market has been confirmed.

Gold extended its fifth weekly advance & silver jumped to the highest since September 2014 policy makers worldwide ready to shore up the economy.

SILVER BREAKS OUT FROM ITS LAST BARRIER OF $18.50 AND IMMEDIATELY PROCEEDS TO SOAR THROUGH $19/oz!!

We believe the time for investing in inflation-sensitive assets has come. The events of the past year are validating our views, and we are maintaining our gold price target of USD 2,300 […]

Even with Congress giving final approval to a bill that will allow Puerto Rico to restructure its debt, the US territory will default on a $13 billion general-obligation debt on July 1.
A $1.9 billion payment in principle and interest is due Friday. Puerto Rico will renege on the payment to bondholders despite a constitutional provision that says the debt has top-claim on the government’s funds. Puerto Rico Governor Alejandro Garcia Padilla said the commonwealth could not raise enough money to cover the payment even if he completely shut down the government.
As Bloomberg pointed out, Puerto Rico’s inability to make the payment shows just how bad the situation is:
The default signals the depths of the crisis on the island, which had been tapping whatever funds it could to avoid missing payments on securities backed by the strongest legal pledge…It would be the first payment failure from a state-level borrower on debt backed by the full power to raise taxes since Arkansas’...