Precious metals news

COMEX truly has a problem this month...

Why is the mainstream media ignoring evidence that the primary reason why Sayed Farook and his wife went on a deadly shooting spree in San Bernardino, California was because Farook […]

That

Here's Chris Martenson's mammoth annual report on the fundamental reasons for owning gold. The plethora of systemic risks that make gold a wise investment continue to expand, as does the shocking […]

If we allow this to happen to these retirees, you can bet that they will rape every other retirement fund including Social Security, 401k's etc.

This article is written by Peter Schiff and originally published by Euro Pacific Capital. Find it here.
Over the past year, while the US economy has continually missed expectations, Federal Reserve Chairwoman Janet Yellen has assured all who could stay awake during her press conferences that it was strong enough to withstand tighter monetary policy. In delivering months of mildly tough talk (with nothing in the way of action), Yellen began stressing that WHEN the Fed would finally raise rates (for the first time in almost a decade) was not nearly as important as how fast and how high  the increases would be once they started. Not only did this blunt the criticism of those who felt that the delays were unnecessary, and in fact dangerous, but it also began laying the groundwork for the Fed to do nothing over a much longer time period. To the delight of investors, the Fed has telegraphed that it will adopt a "low and slow" trajectory for the foreseeable future and move, in the word...

On Monday, the price of U.S. oil dropped below 38 dollars a barrel for the first time in six years.  The first major global financial crisis since 2009 has begun:

Did stocks, gold, and silver soar last Friday because the markets expect December rate hikes...or because the markets are pricing the next policy move after the December hike:

The economy is collapsing:

Back in 2004, Nicholas Merrill, who was then president of Calyx Internet Access, received a National Security Letter (NSL) from the FBI. These letters are notoriously authoritarian in that they come with a […]

The next financial crisis could manifest itself in the coming months. When something as epochal as this happens, we can expect the macroeconomic establishment to be clueless with respect to […]

Be armed. Be vigilant. Be ready for war… These people intend to kill you. They intend to kill your wife, your child, your father, your mother, your brother, your sister, […]

AMOUNT OF GOLD STANDING AT THE COMEX RISES TO 11.489 TONNES OF GOLD BUT ONLY 4.089 TONNES OF REGISTERED GOLD IS HELD BY BULLION DEALERS TO SERVE UPON OUR PATIENT […]

The Chinese evidently have some plans which they are not divulging...

The December 15 – 16 FOMC meeting is arguably the most important meeting of the past seven years. That’s because Janet Yellen can’t simply “flip a switch” to raise rates […]

How will the currency wars play out? The 2015 Silver Summit panel featured Mike Maloney against CPM's Jeffrey Christian: 

Anyone that tries to tell you that a global financial crisis is not underway is not being honest with you... 

With the “positive” jobs report that came out last Friday, most analysts now think the Federal Reserve will raise interest rates this month.
Peter Schiff argues that the jobs report wasn’t really that positive considering the labor participation rate and the number of part-time workers. But he concedes that the rate hike may happen anyway, because Janet Yellen has changed the criteria she’s using to base her decision. On this edition of the Schiff report, Peter explains why the Fed has changed its tune, and why a hike, if it happens, isn’t the beginning of an upward trajectory.
The Fed chairman is trying to minimize the importance of liftoff...It’s not liftoff, It’s the flight path. It’s the trajectory. It’s how high do interest rates go and how quickly do they get there. And in fact, what the Fed chairman has really been saying is that, ‘Look, we’re going to raise interest rates, but don’t worry, because we may not raise them again any time soon.’ And in fact, from my persp...

Peter Schiff got right to the point with Alex Jones last week: Obama is just trying to finish out his term without any major disasters. At this point, Peter thinks the Federal Reserve just might raise interest rates a hair this month, but then immediately lower them again when it becomes clear the economy is in a recession in 2016. Meanwhile, he believes the inclusion of the Chinese yuan in the IMF's basket of reserve currencies signifies the end of an era for America on the global economic stage. Peter thinks buying gold and silver is a great way to profit from the coming crises, and he explained why he thinks silver may be an even better investment than gold.

While analysts and investors debate the latest jobs report, or obsess over the most recent Federal Reserve announcement, it's easy to overlook the basic fundamentals of the gold market. With that in mind, consider this recent news: one of the world’s top gold producers says market dynamics may well lead to shrinking gold supplies in the future.
Randgold Resources Ltd. CEO Mark Bristow told Bloomberg that half the gold mined today is not viable at current prices. In other words, many mines aren’t even hitting their break-even point on half of the gold they dig out of the ground. That means new supplies of gold could begin to dry up in the near future.