Precious metals news

In an interview on the Keiser Report, author, investment banker, and credit analyst Chris Whalen talked about negative interest rates, calling them “chemotherapy for indebted nations.”
Whalen noted that more than half the world today is in negative rate territory. He said that after years of high, "risk-free" returns, now it’s time to give the money back. Of course, this has ramifications that should give us all pause:
The way I put it is a negative rate environment implies liquidation. It means we’re not building any more. It means we’re just going to consume all of the capital that’s left and then we’ll be done.”
Whalen went on to talk about the world of debt we now live in:

Last week, Jim Grant argued that the US manufacturing economy is flirting with recession, if it isn’t there already.  He said the horse of speculation is ahead of the cart of enterprise. In other words, even though asset prices such as the stock market and real estate are rising, creating the illusion of economic prosperity, the actual underlying economy is a mess.
This reflects the views of a few other people like Peter Schiff and Mike Maloney who have argued that the US has already entered a recession. But by-and-large, these are voices crying in the wilderness. For the most part, mainstream analysts and government officials have not acknowledged the underlying problems in the economy. Even so, every once in a while, the truth leaks out through cracks in the mainstream narrative.
CNBC recently published an article by Pento Portfolio Strategies president Michael Pento arguing that a recession has already arrived:
While investors have been focused on the perennial failed...

The twenty-year bear market in gold stocks against gold was caused by a “perfect deflationary storm”. That storm itself was caused by a bear market in money velocity and bank […]

FARAGE "Today urged Britons to "go out & vote for your country" tomorrow as the country nears its historic vote on EU membership

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Peter Schiff, the man who predicted the Great Recession of 2008 just issued a New Warning: An Even BIGGER Crisis is on the Horizon...

This was the signal to WHACK GOLD AND SILVER:

David Morgan brings us up to date on current financial events

$1500 gold within 90 days?  That's not possible.  Is it? 

With USDJPY collapsing in fits and starts and the nightly nattering nabobs of Japanese officialdom sparking mini risk flare-ups in FX markets, we can easily comprehend a part-time currency trader […]

Dr. Doom says there is only one currency that will appreciate over time – precious metals.
Marc Faber recently appeared on RT’s Sophie Co. to talk about the world economy and what lies ahead. Currencies became a major focus of the discussion, with Faber arguing cash has historically been a bad investment because all paper currencies eventually lose their purchasing power:
My sense is that there is only one currency in the world that will appreciate and these are precious metals – gold, silver, platinum.”
Faber went on to say even the mighty US dollar will eventually fall:
In general, I don’t think that cash will be a very good investment in the sense that you have no interest at the present time, you have risks with the banks because banks can fail, and you have also a higher risk of expropriation…If you go back to say 1900, the major foreign exchange reserve currency was the British pound. Today it is a side-show. So I think over time, the US dollar will lose its im...

The CEO of one of the world’s largest gold mining companies says he expects gold supply to shrink over the next five years.
Gary Goldberg heads Newmont Mining. The company operates gold mines on five continents and employees more than 16,000 people. In an interview with Mining.com, Goldberg said he sees gold supply contracting in the near future as the gold market continues to expand.
Well, we have seen [the gold market] pop up a bit earlier this year off the back of higher investments in ETFs. We still see good demand for gold in China and in India. We see the medium- to long-term as being very good. I think you have seen a decrease in supply as there has been less investment in new properties. We are one of the few who are building two brand-new mines…Overall we see gold supply dropping by about 7% by 2021.”

Trends forecaster Gerald Celente has a big bet for 2016: Buy Gold...

Whenever the topic of gold comes up it always seems like to me that there is way too much emotion about it. Mainstream analysts and financial advisers tend to react […]

With Friday's Commitment of Traders Report, the ridiculous has just metastasized into the sublime as the Commercial Cretins have just gone "over the top" and added another 5.4M "ounces" to […]

"History shows the greater your freedom, the greater your prosperity..." - Mike Maloney. This Thursday, June 23, Great Britain decides to stay or exit the EU. Nothing less than the economic freedom of 64 million people is on the line. And the propaganda on both sides has been absolutely disgusting....

the metals prices are going to go much, much, much higher because you got all these very important investors that are actually going to benefit from this move. - Keith Neumeyer

R.J. O’Brien broker called about 2 pm or so, said the margin per gold contract was doubling, effective close of biz this coming Monday, from $4950 per contract to $9900 […]

Stunning market action in Gold & Silver over the past several weeks is revealing the price manipulators are losing control

"What is going to happen is that the US will print a lot of money and the US dollar will become a lot less valuable."