Precious metals news

Perhaps the lesson is this: Don't count gold out...

Last week's jobs report gives the Fed cover to keep interest rates where they are. Janet Yellen's tactic is to bore you to death.

Mining stocks can be good investments, but you introduce risks that don't exist if you invest in physical gold & silver. I personally did quite well with miners in the early 2000's, but in hindsight a lot of it was simply due to luck.

While gold should now consolidate Friday’s gains over the next couple of days, the consolidation may only last for the next few hours!    Horrifically, the institutional surge into the […]

Michael Ballanger, a precious metals expert, says he believes technical charts were created by bullion bank traders to lull the "chartists" into a false sense of security. So the next […]

The Gold sector had a single day price spike on Friday. Let's see if there is any follow through buying this week to indicate that the pullback is complete.

Muhammad Ali's refusal to be drafted for the Vietnam War was said by some to be his greatest, self-imposed, defeat. With the passage of time - & so many more wars - history may tell a very different story

In 5 days a total of 11,765 notices have been filed for 1,176,500 oz or 36.59 tonnes of June Gold COMEX Delivery. WHAT IS MORE FASCINATING WAS THE FRONT JUNE MONTH […]

Marin Katusa joins us to offer his analysis on the rapidly changing global economic order, the near & long term future of the US Petrodollar

Published on Jun 5, 2016 David Morgan: The US Government Cares More About Silver Than Gold

Fed Chair Janet Yellen is signaling her belief that the U.S. economy is improving but it's unclear when the Fed should resume raising interest rates.

Gold bottomed in December 2015 at a major cycle low. Or did it?

Faber: Brexit would be best that would happen to Britain and Europe

This article was submitted by JD Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
Last Friday, the BLS released its jobs report for the month of May.
It was shockingly bad.
In light of the strike on Verizon, a relatively weak report of 170,000 jobs was expected; however, the report delivered far below expectations with just 38,000 jobs created. The new data, detailing the worst jobs numbers in nearly six years, is also accompanied with downward revisions of earlier numbers. The BLS revisions of employment figures for March and April puts the economy with 59,000 less jobs than previously reported.
The labor force participation rate also decreased as 660,000 more workers left the labor force. The current participation rate of 62.6% is nearly the lowest the US has seen in the last four decades.

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
Peter Schiff has stated clearly for the record that this financial system is headed towards collapse. While many like to point at inflation as the key indicator to pay attention to, we have been offering another: interest rates.
Indeed, the pathologically falling interest rates taking place across the world are more of a signal that this system is headed for collapse than inflation, which we also believe will have its day. In other words, the mainstream economic commentators who keep telling us to get ready for rising rates are dead wrong.
This recent article provides a detailed explanation as to exactly why this is happening.

If you’ve ever played Jenga, you know each player takes turns pulling blocks out of the core of a tower and then placing them on top. The tower gets less and less stable as the game goes on, until eventually it comes crashing down.
This is kind of like what the Federal Reserve does with the US banking and monetary system – except they actually claim they are making things more stable as they go.
Comments by two Federal Reserve governors last week indicate the central bank will likely require American banks considered “too big to fail” to further bulk up their balance sheets in order to protect against big losses and potential future bailouts in an economic crisis.
This is yet another demonstration of the arrogance of central bankers. They think they can control and stabilize an inherently unstable monetary and banking system. In fact, their constant intervention arguably creates a great deal of the economic instability they claim to protect us from.

If Wall Street is chopping heads, it means that not only has economic activity ground to halt, but the crystal ball perma-bull forecasters deep inside the banks do not see any […]

Friday could well be the game-changer so many have been anticipating.  Everything in developing market activity has to fit into a context, and our read for gold and silver has […]

Why is George Soros moving billions of dollars out of stocks and into gold bullion and other precious metals? Has the point of collapse arrived?

Doc, I want to start by saying thanks for all of your hard work.   And I also want to thank you for responding to my notes on occasion. Unlike […]