Precious metals news

If you’ve been waiting to buy gold and silver the wait is over.
In his most recent Gold Videocast, Peter Schiff looks at how the price of silver has just surged to a high it hasn't seen since January of last year. In the aftermath of Brexit, Peter takes this as a good sign that the prices of both gold and silver are about to really break out and begin moving up in significant bursts. Now that gold is holding steady above $1,300 an ounce, investors who have been waiting on the sidelines to buy should consider acting soon – before sellers start hoarding their metals as the prices move up.
Peter's forecast is based less on the United Kingdom leaving the European Union, and more on what is going to happen in America. Peter reiterated what he said in his recent appearance on CNBC’s Trading Nations: the Brexit basically gave Janet Yellen a get out of jail free card:
I believe the Federal Reserve is going to use the turmoil in the markets that followed that vote as the excuse i...

Is BREXIT  a game changer for bullion?   Or simply the trigger that launches stage 3 of a massive secular gold bull market?

What the hell happens when global investors try to invest 10% in gold or say just 1-2% in silver? If investors decided to increase their gold and silver investments to […]

Gold and silver spiked on the BREXIT news. What we can expect from precious metals in the days to come?

Only physical gold and silver bullion will be left standing...

Marc Faber, publisher of the Gloom, Boom & Doom Report, had some simple advice for a post-Brexit world - own some gold.
So, what caused UK voters to abandon the EU in the first place? There are many theories as to what drove the leave vote, but Faber said it really comes down to one thing – frustration with the current system.
If you go to England, London is doing very well. The financial sector in London is doing well. The asset economy is doing well. But ordinary people aren’t doing well…There is dissatisfaction with the system, and this is what the vote is about. And I believe it would be better if the arrogant bureaucracy in Brussels would be contained and reduced in size.”
Faber said economic growth around the world is slowing, and he offered the same reason Peter Schiff did on his recent Fox Business appearance – central bank intervention. In a segment quoted by Bloomberg but not included in the video clip, Faber said we can expect more of the same from central ban...

Mainstream media pundits and government officials continue to talk about a growing US economy, but signs in America's heartland point in the opposite direction.
Peter Schiff has made the case that the stagnating economy is driving this strange election cycle, and helps explain the rise to prominence of Donald Trump and Bernie Sanders.
But the election isn’t the only sign everyday Americans sense problems in the economy. Their behavior also reveals concern.
According to a MSN Money report, Americans have drastically reduced eating out. Growth in the fast food sector has come to a screeching halt:
Visits to fast-food restaurants had been growing at a quarterly clip of 2% since September 2015, but haven't grown at all in March, April or May, according to as-yet-unpublished data from market research firm NPD Group Inc. When fast-food growth comes to a halt, ‘that’s a red flag because it’s been an area of growth and it’s 80% of the industry,’ NPD restaurant analyst Bonnie...

All of the talk over the last few days has focused on Brexit. But Peter Schiff says people are ignoring some bigger issues. On Monday, he appeared on Fox News Business and continued pounding this theme, calling Brexit a “day of reckoning,” and reiterating a point he made on CNBC's Trading Nation - that the Fed now has an excuse to cut rates and launch more quantitative easing:
First of all, this is not about Brexit. Brexit is all the media. Brexit is the catalyst. It is like the match that lights the tinderbox. The markets are artificially propped up by central banks, by cheap money, by QE, and it’s all hype and hope. The markets never should have been where they were. And what Brexit is doing is challenging the belief that the markets have the confidence in central bankers to keep all these bubbles in the air…There’re a lot of dominoes that are going to come down. Yes, the Fed is going to use this maybe as an excuse to cut rates and do QE 4. It was looking for an excuse for a l...

Safe havens like gold and silver are tiny markets.  Investors who do not start moving their capital in advance of crisis will be forced to pay much higher prices for […]

“This is going to be a huge crisis. Alan Greenspan was on CNBC saying this is the worst thing he has seen in his career. He’s not talking about what […]

Doug Casey believes a major fuse has just been lit under the price of gold. Is the royal metal about to scorch its way to $3,000/oz by early 2017?

Marc Faber says gold’s investment case has been strengthened by the U.K.’s vote to quit the European Union as the fallout may spur the world’s central banks to step up […]

On a weekly chart basis, gold must close above $1336 and GDX must close above $27.61 to open the door to another significant price advance for the precious metals sector.

Today, the June gold and silver contract go off the board.  Interestingly, the options on the Comex gold and silver expired yesterday so our bankers did not do too good […]

Wondering what will finally push the physical gold market over the edge?

UKIP MEP Nigel Farage slammed the European Parliament in the first session since 'Brexit' in Brussels, Tuesday.

After the Brexit vote a report has emerged suggesting that the EU bureaucracy in Brussels may decide to radically deepen political integration to the point of creating one large "superstate."

Gold expert and author of “$10,000 Gold,” Nick Barisheff, says all markets are manipulated and fraudulent. Barisheff predicts, “This has been happening in all markets. When you have a manipulated […]

The Rothschilds have essentially been the progenitors of what has become the globalist’s agenda of creating a New World Order to rule over everyone and everything. How did it come […]

Hold your horses goldbugs, Martin Armstrong warns that it's not the $1,308 level that matters, but gold must exceed $1,362 "to suggest that a change in trend is possible"...