Precious metals news

This article was submitted by Fabian Gambino, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
Are Wall Street banks finally getting on the right side of the gold trade?
In an interview with CNBC, Solita Marcelli, global head of fixed income at JP Morgan, revealed that the Wall Street investment bank is recommending that clients position themselves for a “new and very long” bull market in gold.
She explained that negative interest rates around the world are making gold a more attractive investment. Since gold is a non-yielding asset and has minimal storage costs, it actually compares quite favorably with the increasing number of negative yield bonds on the global stage. It has a positive carry.

Peter Schiff appeared on Fox Business this week and the first thing he did was talk about how good gold investments are doing, saying they are "the best...doubled or more."
He then launched straight into the reason why. The economy is a mess.
If this economy wasn’t a disaster, Trump wouldn’t have the support that he does. Neither would Bernie Sanders. This is a phony recovery."
Peter pointed to the horrible year retailers are having to boost his case, hit on the "auto bubble," and went on to talk about what’s going to happen when the Federal Reserve is finally forced to acknowledge that we are in a recession.

Bill Murphy returns to give specific evidence that proves the fact that Western banks have been illegally conspiring to suppress the price of precious metals. Murphy also weighs in on […]

Global War Tensions Rise, Economy Getting Worse

Unpersuaded by either the plight of the pensioners or the prospect of business growth in Arizona, Governor Ducey just vetoed gold:

In the STUNNING report below, gold expert Paul Mylchreest calculates that the “float” of physical gold in London (excluding gold owned by ETFs and central banks) has recently declined to +/- […]

Metals and markets are on edge. Eric Dubin, Rob Kirby and Dr. Janda recap the action and look ahead...

A HUGE move for gold and silver ahead? 

Michael Ballanger discusses the most recent COT report, which shows levels not seen since 2010–2011.

The 1933 declared bank holiday was to shut down the entire US banking system and replace it with full control by the foreign- owned Federal Reserve.  All issued US Treasury […]

Jim Rogers tell us what he is investing in now & gives his reasons

Since late 2014 Mike Maloney has identified some alarming trends in the stock markets, check out the playlist here and decide for yourself what you believe is coming

THIS NECESSITATES A RAID TODAY AND ANOTHER MOST LIKELY TOMORROW...

Currently gold is behaving similarly to the way it behaved back in 2003 when it was trying to punch through $400. The “overbought” garbage was permeating the media back then just […]

Gold demand hit near record levels in the first quarter of 2016.
Despite the price rising nearly 17%, the demand for gold surged 21% in the opening quarter of the year. It was the second largest quarter on record, according to the World Gold Council.
Gold demand hit 1,290 tons in Q1. Concerns about economic instability and an uncertain financial landscape drove the increase. Investors flocked to gold, and ETFs saw a huge inflow of the yellow metal. Total investment demand hit 618 tons, up 122% from the same period in 2015:

This article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
In light of the economic malaise around the United Kingdom, the Bank of England may be releasing additional monetary stimulus in the near future. They will do this in response to increased unemployment rates and lack of private investing.
But the BoE is waiting on a June 23 referendum in which Britain and will decide whether or not to leave the European Union before taking action. The BoE is worried about the possible negative economic consequences this decision will have on its economy. Businesses have already been putting investments on hold until after the vote is has been decided. Mark Carney, the governor of the bank of England and Chairman of the Monetary Policy Committee (MPC), said the pending vote on what has become known as Brexit is weighing on growth and clouding the economic outl...

Bob Moriarty of 321Gold busts the myth of a Comex bank and examines the role of small speculators in commodities markets:

Global gold bullion investment demand just exploded:

Due to the ‘meaningless’ monetary policies of the various global Central Banks, gold will follow its’ unique behavior.  Gold will have a one-way move higher with many corrective phases on its’ […]

Last week, we reported that billionaire investor Stanley Druckenmiller is publicly advising investors to sell United States stocks and buy gold. Druckenmiller is now joined in his gold recommendation by an equally legendary hedge fund manager – Paul Singer.
In a client letter at the end of April, Singer wrote:
It makes a great deal of sense to own gold. Other investors may be finally starting to agree. Investors have increasingly started processing the fact that the world’s central bankers are completely focused on debasing their currencies… We believe the March quarter’s price action could represent something closer to the beginning of such a move than to the end.”