Precious metals news

GOFO: An essay on the relationship between GOFO, gold forwards, the gold lease rate and the US dollar interest rate. In order to continue to reveal essential information about the physical and paper […]

Willem says he believes the bear market is over although there will be corrections & volatility along the way as precious metals prices move higher.

At a time of growing concern about the global financial system, it is time to remind ourselves why physical gold is so important, as well as those who might be […]

If you go back & look at it on a chart, gold & silver began their upward movement right about the time Japan started negative interest rates. The big scare was the Fed is going to tighten. The Fed is going to tighten, which is ridiculous.

With four states officially in recession, and economic data continuing to point toward a broader downturn, it’s getting increasingly difficult for officials to sell the illusion of a strong US economy.
Peter Schiff has been saying for weeks that the US may already be in a recession. Recently, Jim Grant appeared on CNBC’s Closing Bell and echoed Peter’s sentiments, saying the US likely went into recession in late December. And while officials at the Federal Reserve keep insisting the US economy remains strong, some mainstream analysts have started sounding recession warning bells as well. In fact, the number of mainstream economists predicting a recession within the next 12 months continues to rise.
So far, people have been able to blow off talk of a looming recession as mere chatter, but in some US states, it’s not just speculation; it’s reality. According to a Bloomberg report, four US states have officially gone into recession, with three more “at risk of prolonged declines.”

A small pullback in metals prices may be upon us shortly, which could be one of the last opportunities to buy at these prices should the inverse head-and-shoulders pattern come come to fruition.

There’s been a SIGNIFICANT trend change in the gold market and it has the Western Central Banks worried.  To get an idea just how significant the trend change of net physical […]

Like everything else, gold moves in cycles.  I wouldn't be going long here. 

The gold miners’ stocks have soared this year as investors flock back into this long-abandoned sector.  Many traders wonder if these eye-popping gains are merely the product of fleeting sentiment […]

Bernie Sanders idea of tackling Wall Street without addressing Gold & sound money is no solution at all. The War on Cash and The Reagan Myth are also addressed.

"It would be the equivalent of a master key, capable of opening hundreds of millions of locks from restaurants & banks to stores & homes,"

Zell warns - "The Fed is out of tools & that is going to make this more problematic."

Faber: "Leave a million dollars with a bank, & in a year, you get only something like $990,000 back"

Could the student loan bubble be on the verge of popping?
If desperate government actions serve as any indication, it may well be.
Last week, seven US Marshals armed with automatic weapons came to Paul Aker’s home in Houston to arrest him for a $1,500 student loan debt dating back to 1987. According to the Guardian, Acker isn’t alone facing the barrel of a gun over outstanding student loans:
Aker is unlikely to be the only person to be surprised by marshals collecting on student loans. A source at the marshal’s office told Fox 26 that it is planning to serve warrants on 1,200 to 1,500 people over student loan debts.”

Greg Hunter analyses the past week's news and gives his perspective.

Tyler Durden posted this commentary:   When Cash Is Outlawed, Only Outlaws Will Have Cash. Who cares?  I own gold – et tu, Brute?

Venezuela nears full-fledged HYPERINFLATION:

“Leave a million dollars with a bank, and in a year, you get only something like $990,000 back,” Marc Faber, respected publisher of the Gloom, Boom & Doom Report, told Bloomberg […]

The war on cash heated up this week when a former Obama economic adviser/ex-Treasury secretary floated the idea of eliminating the $100 bill.
Lawrence Summers called for death to the Benjamins in a post on his Washington Post blog titled It’s Time to Kill the $100 Bill. The post announced the release of a paper by Harvard's Mossavar Rahmani Center for Business and Government senior Fellow Peter Sands arguing that governments should stop issuing high-denomination currency such as 500 euro notes and $100 bills. The paper even proposed withdrawing such currency them from circulation.
Cash warriors always publicly center their arguments on the need to limit cash as a way to fight drug crime, terrorism, and tax fraud. This was exactly how Summers framed the argument in his blog post:

During the Great Depression, America's last period of real deflation, Gold did quite well. It doubled in purchasing power. But back then the dollar was pegged to Gold.