Precious metals news

The only sources of funds that can be drawn upon, confiscated, and large enough to backstop the bad bets that will float to the surface after the BREXIT tsunami are […]

Friday's Brexit vote truly was a game-changer and the single most important financial event since 2008.  That it might accelerate the death throes of the Bullion Bank Paper Derivative Pricing […]

Is this some kind of SICK JOKE!?!

Brexit is being called a six sigma "Black Swan".  The world will wake up Monday morning to all sorts of margin calls. You must understand, the "carry trade" is held […]

Welcome to the new BREXIT world and the Derivative Daisy Chain! 

European & US futures tumbled & Asian stocks took the biggest loss in almost five years. The British pound also crashed, reaching a record 30-year low

Roger's - Brexit vote could be the trigger for 'dominoes to start falling': boosting world economic recession, This is a Big One

It appears some of the Obamacare chickens are starting to come home to roost.
Opponents of the massive intervention in the health care and insurance markets warned that it would increase prices and negatively impact employment. Supporters of the government health care program poo-pooed those predictions. But as some of the real-world implications of Obamacare become more apparent, it appears those predicting those unintended consequences were right.
We’ve heard countless stories about soaring insurance premiums across the country over the last several months. According to a recent Chicago Tribune report, rising insurance costs will continue into the future:

The British vote to leave the EU Thursday sent shockwaves through the financial markets and pushed gold to a 2-year high.
In the historic Brexit referendum, the British voted to leave the European Union by a 51.9 to 48.1 margin. Unofficially, 17,410,742 Brits cast exit votes, with 16,141,241 casting ballots to remain in the EU.
Nigel Farge headed up the UK Independence Party. He called the vote a victory for the little guy:
The dawn is breaking on an independent UK. If the predictions are right this will be a victory for the real people, for the ordinary people, and for the decent people."
As it became clear the UK exit from the EU would prevail, gold surged. The price of the yellow metal climbed 4.7% to $1,316.05 an ounce by 11 a.m. in London. When markets opened in the US, gold rose as much as 8.2%, hitting $1,358.2 an ounce before paring gains and settling around $1,325 per ounce. Dominic Schnider, head of commodities and Asia-Pacific foreign exchange of the wealt...

With the Brexit results merely hours away, we should take a moment to consider what should happen with gold and silver following the outcome:

Legendary Gold Trader Jim Sinclair ended his radio silence last weekend to warn listeners to prepare for a FREE-FALL Financial Reset on the immediate horizon.  Was Sinclair warned BREXIT was about to […]

Can we avoid a CRASH of the dollar?

Doug Casey and Rick Rule get us Back to Basics with Gold...

"The dawn is breaking on a independent UK. If the predictions are right this will be a victory for the real people, for the ordinary people, & for the decent people."

On his most recent Peter Schiff Show podcast, Peter broke down Janet Yellen’s recent testimony before Congress.
He focused on her apparent cluelessness about the state of the US economy and talked in depth about why the Fed won’t raise rates. He also noted that Yellen’s comments about the impossibility of stagflation seem to indicate she has no clue about Murphy’s Law – what can go wrong will.
Peter went on to reiterate a point he made on his recent appearance on CNBC – that the Fed will ultimately sacrifice the dollar on the altar of the stock market and that the US economy is heading toward a currency crisis.
Peter pointed out that somebody asked Yellen about Donald Trump’s comments regarding a Treasury default. She said, “Yes. It would be a real disaster if there was a haircut on US Treasuries.” Peter then zeroed in on the real looming disaster.
Janet Yellen said it would be a real disaster if there was a haircut on US Treasuries. That’s a disaster as far as the F...

Today's gold bull market won't be identical to others in the past - but history does provide clues about how high the price might go based on prior trends.

...Crash Next!

"There are few people in history that changed your life as much as Alan Turing." Mike reflects on the importance of Alan Turing's contributions to society

"2008 was very small by comparison..." Mike provides a full report on what’s moving the price of gold today. In this 15-minute video, loaded with charts, you'll get a better understanding of where we are in the cycle and what to expect from gold in the months and years ahead.

Finance and Liberty's Elijah Johnson sat down with The Doc to ask whether a US Government gold confiscation is coming.  His answer might surprise you...