Precious metals news

Total Comex open interest is back above the 500,000 level and, if recent history is any guide, that's not a good sign...

Central banks are losing their clout in the market, ECB's Draghi may have run out of the ammunition needed to boost growth in Europe.

Economist Michael Hudson says oil and mining industries and the State Department created Panama and Liberia for the express purpose of tax evasion

The chart shown below is enough to scare even the staunchest of gold bulls (like me) into treading timidly; the psychological damage of the past five years of financial trauma […]

Engdhal gives reasons why China & Russia are fighting to protect their sovereignty & encouraging citizens to swap currency for gold.

As Peter Schiff put it in his recent podcast, "Hi ho silver seems to be the rallying cry for the day." (Scroll down to watch the full podcast.)
Last month, we reported silver could be poised to come out of the shadows. It certainly has - in a big way. Silver cracked $17 per ounce Tuesday, hitting its highest level in more than 10 months. On Monday, Bloomberg declared it a bull market:
Silver entered a bull market after climbing to a 10-month high amid positive signs for Chinese industrial demand and decreasing bets the Federal Reserve will raise US interest rates.”
The silver price has increased more than 23% since the first of the year, outperforming gold.

It feels like 1968 all over again...

Last Friday we got horrifying (from a contrarian standpoint) COT numbers with nearly record numbers for commercial shorts. With history as any guide, gold and silver should have already been […]

With the sharp recovery in the past few weeks, some analysts have declared that the gold bear market is over. I would love to agree with that had I not […]

 Somebody BIG is standing FOR SILVER DELIVERY...

Well, THAT didn't take long...

Last week’s announcement that Deutsche Bank seeks to settle lawsuits concerning the bank’s manipulation of the silver and gold fix is big news.  No two ways about it, this news vindicates […]

Overnight a historic event took place when China, the world's top gold consumer, launched a yuan-denominated gold benchmark as had been previewed here previously, in what Reuters dubbed "an ambitious […]

In another sign that it is becoming a major player in the world gold market, China launched twice-daily price fixing on Tuesday. According to a Bloomberg report, the move is an attempt to establish a regional benchmark that will bolster its influence in the global gold market:
The Shanghai Gold Exchange set the price at 256.92 yuan a gram ($1,233.85 an ounce) at the 10:30 a.m. session after members of the exchange submitted buy and sell orders for metal of 99.99 percent purity. Members include Chinese banks, jewelers, miners and the local units of Standard Chartered Plc and Australia & New Zealand Banking Group Ltd., according to the bourse.”
Gold has shifted from the West to the East over the past several years. China ranks first in the world in gold consumption, ahead of India at number two. China’s central bank aggressively added to its stock of gold during the last half of 2015, and that trend is expected to continue this year. The country is also making an impact on the...

Eric Hunsader, founder of Nanex, has been at the vanguard of warning about the dangers & the rampant fraud that the rise of high-frequency trading (HFT) algorithms have let loose in today's financial markets.

Gold looks ready to make a major move...

Stunning Admission Made by Deutsche Bank: Some big news broke late last week. After mountains of evidence over the last several years had piled up, Deutsche Bank finally admitted in a court of law that the price of silver has been rigged.

With a quarter of 2016 already behind us, I’m pleased to report that there have been some signs of life in our beleaguered natural resource sector.  The rally so far […]

My father always referred to April 15th as being the true April Fools Day, as millions of Americans pay a tax for which no law makes them liable, & file tax returns that no law actually requires them to file