Precious metals news

What comes to mind when Bill hears the words, "Rethinking the Dollar?"

Peter Schiff locked horns with National Alliance Securities Global strategist Andy Brenner on Fox Business yesterday.
Brenner said he believed the Fed would raise interest rates at least twice this year, citing strong employment numbers as a sign the economy is doing OK.
But Peter countered, saying the US economy is already in a recession, and the Fed will have to cut rates back to zero. Peter obliterated the notion the jobs market is healthy, and pointed out that Trump and Sanders phenomenon proves the American people aren’t buying the government spin. They are not confident in the economy:
These are lousy jobs. These are low-paying jobs. These are Trump voters. These are Sanders voters. That’s why they’re there - because they have a part-time job and it’s lousy, and the pay is lousy. Eighty percent of these jobs are service-sector jobs, many of them are minimum wage jobs. You can’t raise a family on these jobs. Many kids can’t even move out of their parents’ houses bec...

Even Bart Chilton could see today's gold manipulation – a HFT / paper gold short issuance sh*t sandwich, served-up by the powers that be:

In the words of Bill Murphy of GATA today on remarking on gold’s huge advance in the access market:  “Houston, we have a problem”:

The intentions of China and numerous Asian countries with respect to gold and the Silk Road are clear: Gold business is developed and gold is promoted as a key reserve […]

The ZIRP virus is a nasty virus that affects many people, pension plans, insurance companies, and government budgets. Central banks have concocted this virus and it has infected many pools […]

William Engdahl speaks from his book, "The Lost Hegemony: Whom the Gods Would Destroy," that explains America's geopolitical vulnerability

Today's FOMC Press Conference, March 16, 2016

The Fed decided not to raise rates; they chickened out of their own policy which they laid down in December

Shaky economic news, negative interest rates, and stock market turmoil have helped drive the recent gold rally, but an even more fundamental principle underlies the yellow metal’s surge – simple supply and demand.
As a recent CNBC report put it:
Consumers are lapping up gold at a time supply is declining, helping underpin a rally in the precious metal.”

While China’s central bank continues to buy gold, adding another 0.6% to its holdings in February, the Chinese people are also pulling money out of stocks and investing it in gold, according to Padraig Seif, chief executive of Hong Kong-based trading firm, Finemetal Asia.

you are left with currency monetization - debt monetization. This is printing of your currency, counterfeiting your currency &buying debt. That’s where we are headed.

There is a very big difference between an asset and a liability, and the world is about to "schooled" on this fact!...

The Rothschild formula of Give me control of a nation’s money, and I care not who makes the rules was finally entrenched with the forced passage of the Federal Reserve Act […]

IN TWO DAYS, SLV ADDED A MONSTROUS 3.236 MILLION OZ AND YET THE PRICE OF SILVER GOES DOWN ON TWO MASSIVE RAID DAYS.

While anything is possible in any market at any time, including new lows for gold, I think the Western gold community is starting to look pretty good here, given the […]

Jim Rickards sits down with Hedgeye CEO Keith McCullough to discuss his new book, "The New Case for Gold"

Over the last several weeks, we’ve been building the case that negative interest rates are good for gold, and mainstream analysts have echoed our thoughts.
Last week, Britain’s largest bank, HSBC, issued a statement saying the longer the world's central banks continue to experiment with negative interest rates, the better the outlook for gold. James Steel, HSBC's chief precious-metals analyst, cited a Bank of International Settlements report to bolster his case:
How does this play out for gold? Positively we think. The imposition of negative rates is a sign of distress, which is gold-bullish. Furthermore, the uncertainty surrounding the long run impact of negative rates as outlined in the BIS report is also supportive of gold. The BIS report seems to say that negative rates have brought uncertainty, especially as regards their impact on financial intermediaries, but have not delivered hoped for gains for households and businesses. This is to gold's benefit.”

You can write this off if you want.  It doesn't bother me one bit if you do.  My job is simply to make you aware of the historical extreme.  Could […]

GATA's Bill Murphy joins us today to break down the action in gold and silver. Is the bear market over? Are the bottoms in? Do The Manipulators have their collective […]