Precious metals news

My how things change.
This time last month, it was a foregone conclusion that the Federal Reserve was going to raise rates in June. Then the government released a shockingly bad jobs report and suddenly that rate hike was taken off the table. Even so, many pundits believed July would finally bring the much anticipated boost in the interest rate. But in the wake of the UK’s decision to leave the EU – that one is pretty much off the table as well.
In fact, many analysts now believe Janet Yellen won't boost rates at all in 2016.
Peter Schiff recently appeared on CNBC’s Trading Nation and said the Brexit vote was “just what the doctor ordered as far as getting her out of jail free,” because now Yellen has the perfect excuse not to raise rates.

In a report released in the wake of the Brexit vote, the World Gold Council predicted “strong and sustained inflows into the gold market.”
In the immediate aftermath of the referendum, gold surged, reaching as high as $1,358.54 per ounce before falling back later in the day Friday. It was the highest level for gold since 2014. As World Gold Council analysts put it, gold did exactly what it was supposed to do:
Gold is fulfilling its classic role as a safe haven asset and performing exactly as the many investors that bought it in the run up to the referendum will have hoped. We expect to see strong and sustained inflows into the gold market driven by the intense market uncertainty that now faces the global markets.”
In fact, the sale of physical gold in the UK was brisk in the weeks leading up to the vote. The World Gold Council said it expects that trend to continue and even accelerate:
Purchases of gold coins by small retail investors, which were already up sharply i...

The mainstream media and global markets have responded to the Brexit vote as if it is the end of the world.
Well, is it? Or is it an opportunity?
Peter Schiff appeared on CNBC’s Trading Nation Monday and said the Brexit hysteria in the markets and the mainstream media is unwarranted, and it actually presents opportunities on several different levels – some good and some not so good.
Brexit has certainly been good for gold. Download SchiffGold's Free White Paper: Why Buy Gold Now?
On a positive note, Peter thinks the vote gives the UK the perfect opportunity to untangle itself from the web of big government, if it applies the Brexit principle more generally:

The Global Financial System Is On The Brink...

When even Jim Rickards is openly discussing the complete collapse of paper money...

To all those who did convert their soon to be far less valuable pounds sterling into physical gold, and in the process avoided a record devaluation in just one day, […]

The entire precious-metals complex has enjoyed record early-summer strength (even prior to Friday's HUGE BREXIT move).  The summer doldrums have always been a vexing time for gold, silver, and the […]

BREXIT is a BIG DEAL for gold and silver manipulation. Here's Why:

"I think this is a big overreaction..." - Mike Maloney The fear mongering that the media is doing over the Brexit is absolutely ridiculous. In this video, Mike puts the recent market reaction to the Brexit in perspective with hard facts and numbers. Something you won’t find being reported today....

Bo Polny predicts that people will catch what he calls “gold fever.” Polny explains, “The moment gold goes vertical, people are going to realize gold is money. Well, yeah, but […]

“If we went back on the gold standard and adhered to the actual structure of the gold standard” as it was before 1913 “we’d be fine,” he said. “I’m known […]

Marc Faber explains why BREXIT is good for Britain & freedom.

The price of gold soared in the wake of the Brexit vote, going as high as $1,350 on Friday before settling back slightly. As of the Monday morning after the vote, the yellow metal was up more than 5% from its close Thursday before returns started coming in.
The spike in gold after the shock of Brexit isn't surprising, but many analysts say the bull run will likely continue.
The UK’s decision to exit the EU caught the mainstream off guard. Most analysts had predicted the stay vote would carry the day. Unsurprisingly, startled stock markets sold off and gold rallied when it became clear the pundits were wrong. Of course, historically investors turn to safe-haven assets like gold and silver in times of turmoil, so a spike in the price of gold is exactly what you would expect. Naeem Aslam, chief market analyst at Think Forex in London, called gold the “real winner” in the Brexit vote.
But there are indications that a lot more factors than just short-term, knee-jerk, safe-hav...

According to Peter Schiff, the Brexit vote is just what the doctor ordered for Janet Yellen.
Stocks plunged and gold surged in the wake of Brexit. As of Monday morning, gold was up more than 5%. Most analysts think gold went up because of the UK’s decision to leave the European Uniion, but Peter said even before the vote that he thought it didn’t really matter. In fact, he called the Brexit vote a “non-event” as far as its long-term impact on the gold market.
In his latest podcast, Peter reiterated the point. Yes, gold is going up, but he said it was going up regardless of the outcome of the referendum:
You know, a lot of people think the reason gold is up is because Brexit. I mean, that was a catalyst for the rally today, but it was going up anyway…I think even if they had voted to remain, I believe gold would have gone up. I don’t think it mattered. But this is an easy excuse for people who don’t understand why the gold is going up; they can just chalk it up to the unc...

Get Mike's in depth report on Brexit via email tomorrow by signing up here: https://goldsilver.com/join-our-newsl...

Hansen looks at the next levels for gold, which now could head for $1,400/oz as stocks come under pressure & the US Fed may hold off hiking rates.

Brexit vote dealt a big blow to the establishment elites. It was a much-needed victory for decentralized power and secession

Alan Greenspan just called for a Return to the Gold Standard!?!

By the time this market ends there’s going to be a mania in gold, where everybody is going to be talking about it at cocktail parties and touting mining stocks […]

The Sterling – Dollar cable rate plummeted, and gold took off. A massive flight to safety has begun...