Precious metals news

All eyes have turned toward Great Britain with the Brexit vote looming this week. A lot of people are speculating about what Britain’s potential exit from the EU means for gold. Peter Schiff says in the long-run, it doesn’t really matter.
In his most recent podcast, Peter said he thinks gold will go up no matter what Britain does. The yellow metal is on the rise because of what is happening in the US, not in Europe – specifically what is happening with the Federal Reserve.
And what is happening with the Fed? Basically nothing. In fact, Peter said an alien invasion is more likely than an interest rate hike in July.
He went on to point out that interest rates are actually lower now than they were at the depths of the 2001 economic downturn after the dot-com collapse and 9/11. In other words, this so-called recovery is weaker than most recessions. If this recovery is weaker than your typical recession imagine what the next recession is going to be like.
The bottom line ...

Ole Hansen, head of commodity strategy at Saxo Bank, analyses how gold is performing ahead of the UK's Brexit or Bremain vote to decide its future within the EU

Published on Jun 18, 2016 Subscribe to The Daily Coin Newsletter - http://eepurl.com/bqx1yz

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The long bond is hitting new lows as we speak. We’re getting really close to Armageddon here. It’s going to be absolutely nuts...

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The Gold price has broken through $1,300.   Legendary investor Doug Casey believes the royal metal is on the verge of an epic move that will take it to $3,000/oz...

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The latest edition of Sprott's Thoughts explains why we’ve already had the technical confirmation signal that a new bull market in the precious metals is in play:

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Forget BREXIT.  The ongoing “controlled demolition” of Deutsche Bank currently poses perhaps the biggest threat to the western financial system:

WE HAVE AN UNBELIEVABLE COT REPORT...

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Does the Federal Reserve have a Secret Plan to destroy the US Dollar and return to a Gold Standard? It seems so...

Peter Schiff has said that the Federal Reserve created a phony wealth effect by pumping up stocks and other asset markets. In fact, analysis proves Peter’s contention, showing that 93% of the entire stock market move since 2008 was caused by Federal Reserve policy.
In a recent appearance on CNBC’s Closing Bell, Jim Grant made this same case, explaining how asset prices such as stocks, bonds, and real estate have soared due to central bank monetary policy, while actual economic growth has remained stagnant. As he put it, the horse of speculation is ahead of the cart of enterprise:
I think with respect to the asset markets we can imagine a little kitten up at the top of a tree…We might label this kitten “stocks, bonds, and real estate. And one might imagines a fire-lady named, say Janet, at the top of the ladder saying, ‘Hey little fur-ball, how’d you get up that high?’ So central banks have coaxed and manipulated asset prices higher. They have succeeded not at all in coaxing ...