Precious metals news

Former OMB Director David Stockman discusses Peak Debt, Global Recession

Goldman Sachs President & COO Gary Cohn discusses his concerns over liquidity.

In the days ahead, keep your eyes on Germany and Japan. Yes, the Italian banking system is completely collapsing right now, but I believe that what is happening in Germany […]

Paper gold, like fiat money, is created out of thin air and its price may very well go all the way to zero, as all paper assets eventually will. Don’t […]

"This will be uncomfortable for a lot of people who think they own assets that are worth something"...

As Chris Martenson notes, you can’t PRINT your way to prosperity- the Central Banks tried that. Now we stand on the precipice of complete economic failure, about which Chris says, […]

We are about to be confronted with an economic catastrophe that will likely shock and awe just about everyone.

Either the decade’s long bull run in gold has reached its conclusion, or the last three years’ price declines have generated an unprecedented opportunity to rebuild a portfolio with a […]

In other news: The last remaining skeptic of the effectiveness of money printing was fired from the ECB. By a giant cannon. Into Switzerland.

We cannot afford to eliminate this as a possibility, as the satellite, if so equipped, can deliver an EMP anytime.

Gold may be forming a large inverse head and shoulders bottom pattern. The gold price scenario detailed below is very likely, if the risk-on dollar continues to tumble against the […]

When Crunch Comes, Bankers Lie. DB's CEO John Cryan told Germany's largest bank is "rock solid"

"Traders feel like there's more weakness ahead for this economy, & Gold is the place to be positioned"

Deutsche Bank looks like it has entered free-fall stage...

After seeing the chart below, you'll have no doubt that the price discovery mechanism that is supposed to balance supply with demand is out of whack. This is more proof […]

In this interview with Finance and Liberty, Bo Polny explains why gold and silver are set to SKYROCKET, and warns that a HISTORIC financial collapse is a certainty in 2016:

Mainstream analysts have started seriously talking about the possibility of negative US interest rates in the near future.
On the heels of the Bank of Japan dropping a key interest rate to negative 0.1% late last month and indicating it is willing to go deeper into negative territory, Bloomberg reports that American analysts see an increasing likelihood that the Federal Reserve is willing to follow suit:
If the world’s biggest economy weakens enough that traditional policy measures don’t help, the Fed may consider pushing rates below zero, according to Bank of America Corp. and JPMorgan Chase & Co. That step would broaden the Fed’s toolkit beyond what was available during the financial crisis, when it slashed its overnight benchmark near zero and bought bonds to stimulate the economy.”

In his inaugural Gold Videocast for SchiffGold a few weeks ago, Albert K Lu interviewed Adrian Day, CEO of Adrian Day Asset Management. Day said he believes the gold market is “consolidating, bottoming, and turning around.”
The last couple of weeks seem to confirm Day's insight. Since hitting its low the day after the Federal Reserve raised interest rates, the price of gold has risen more than 10%.
A lot was made of the Fed's rate hike in the mainstream media, but Adrian agrees with Peter – he doesn't see a series of interest rate increases in 2016 because it's an election year and the economy simply won't support it. He called a rate-hike pause the new interest rate cut. He went on to say gold is set up for a strong rally. Once it gets going a lot of people will scamper at signs of positive news and jump in.
When you have a decline over four years, it takes time to turn the corner and that's what we're seeing now. Gold is very undervalued right now."
This is just th...

Uncertainty is spreading rapidly across global markets as traders and investors worry about a new credit crisis in Europe, says Saxo Bank's John Hardy.

Suddenly banks everywhere are in deep, deep trouble...