Precious metals news

This is not something you're going to read in the Wall Street Journal...

"Regulation is the enemy of competition, and competition is the engine of growth". In his third Brexit video, Mike shows you the devastating blow regulation & government intervention dealt to the once mighty British Empire. Just prior to World War I, Britain enjoyed immense prosperity, free...

Are the Chinese nearly ready to implement "a system backed by real assets"?

Discussion on being early in Investments Including Gold

The global financial systems & global economies all seem to be moving in the same direction at the same time - down the tubes

The total number of notices filed in the 7 days is ENORMOUS. THE ENTITY STANDING DOES NOT WANT FIAT AND IT SURE LOOKS LIKE A SOVEREIGN IS STANDING FOR GOLD.

In an interview with the World Gold Council for the latest edition of Gold Investor, former Bank of England head Lord Mervyn King made the case that it’s sensible for central banks to buy and hold gold.
Interestingly, the reasons he offered are good reasons for individual investors to buy gold as well.
King addressed the fact that many Asian and South American nations are increasing their gold reserves. He said they don’t want to rely completely on US bonds, and pointed out that while most people take it as given the US would never default, debt comes with inherent risk. Just ask the people who invested in Puerto Rican bonds.
I can understand why they feel that some proportion of their portfolio needs to be in gold. Over the last decade or so, the claims by some emerging market countries on the US have grown. Who knows what the future holds, but China and other countries do not want to be in a situation where all their international assets are in effect dependent on the ...

The shockingly bad May jobs report dumped a bucket of cold water on central bankers and mainstream pundits. A June interest rate hike that was a foregone conclusion just a week ago disappeared like a teenager when it’s time to do the dishes. Suddenly, a lot of people are starting to realize the great Obama economy isn’t quite as advertised.
Peter Schiff has said several times we are in a "phony recovery," and the US economy is likely already in recession. A few other “contrarian” voices like Mike Maloney have echoed Peter’s warning. If we dig a little deeper, we find buried in the jobs data a major red flag that indicates that they are probably right.
The number of temporary jobs has been on the decline since peaking last December. In May, the economy shed 21,000 temp jobs, bringing the total to nearly 64,000 lost since December of last year.
Why is this so significant?

Those who called the Juncker Investment Plan a rip-roaring success just have a look around at the empty seats this morning. The idea that tens of billions of private capital are going to arrive for joint projects with you guys frankly I think is pie in the sky

"I think it is $812 Silver & Gold $7,300. What that is is year-over-year increases in M2 money supply & yielding production of Silver & Gold in ounces.

This card has been played successfully yet again, with the bullion banks first creating and then destroying nearly 100,000 contracts, lifting the profits from hapless bulls in the Comex market. […]

CNBC Money Bunny: "You're long gold- what? You're short treasuries and the US Dollar??" Schiff: ...I'm long gold stocks.  Look how much gold stocks are up this year.  You guys […]

USA TO STOP ALL IMPORTS OF CHINESE STEEL INTO THE USA DUE TO SUPPOSED HACKING - CHINA WILL STRIKE BACK!

We've waited nearly a decade for the final and complete collapse of the global financial system.  Is the Wait Over?  

The Bank of Montreal just "went there" . According to the prospectus of the Bank's new $500 million gold fund, the fund (which will give investors the option of withdrawing their […]

Phishing for Phools explores the central role of manipulation & deception in fascinating detail in each of these areas & many more.

With May’s shockingly bad jobs report, it’s pretty much a forgone conclusion that a June Federal Reserve rate hike is off the table. After the report came out Friday, Peter Schiff stuck a fork in the June hike possibilities in his SchiffReport Video Blog.
Now with the June rate almost certainly a no-go, pundits are starting to look ahead to later in the summer or this fall. But Peter, along with some like-minded people such as Jim Grant, believes the Fed won’t raise rates at all. It simply can’t. In fact, Peter argues that the next move will be rate cuts and another round of quantitative easing:
This is just the beginning. When people actually figure out the box that we’re in – because they still think the Fed is going to raise rates. Now they’re saying ‘OK, maybe they’ll raise rates in July, or maybe they’ll raise rates in December.’ Wait until the conversation turns to rate cuts. Wait until the conversation turns to QE4, or negative interest rates. Wait until people think ...

Economists say election uncertainty is subduing economic growth. But it seems more likely the horrible economy is driving this strange election cycle.
For months, Peter Schiff has been saying if the US isn’t already in recession, it will be in one soon. Former Reagan Office of Management and Budget Director David Stockman recently told Neil Cavuto on Fox Business that the next president will inherit a recession. Last Month, Mike Maloney said the data screams a recession is already here.
For the most part, Peter and others are still voices calling in the wilderness. The mainstream keeps towing the line and pushing the idea that the economy is fundamentally sound and improving. But Americans know better, as the unrest and turmoil evident in this presidential election cycle makes clear.

1.176 million ounces of gold have been delivered – or should I say “delivered” – for the June contract only six days into the June contract delivery period. I have no […]

Throughout the last week, anytime stocks have begun to correct or drop, "someone" has bought S&P 500 futures to prop the market up.