Precious metals news

With escalating tensions between the U.S. and Russia, Kissinger blasted the handling of the Ukraine situation without keeping focus of “long term order.”

Denver prosecutors have charged a man with seven counts of jury tampering after they say he tried to influence jurors by passing out literature on jury nullification on Monday.

"Things finally went nuts today"...

After predicting $2,000 gold in 2014, Bo Polny is sticking to his guns, discussing his thoughts on whether an economic collapse is coming in September, why a US dollar FLASH […]

From Greg Hunter's USAWatchdog.com Legendary gold expert Jim Sinclair says what is going on right now in the stock market is just the warm-up act. Sinclair contends, "This is a pre-crash, and […]

This is really scary folks...

CNBC’s Futures Now got Peter Schiff’s take on United States stock market volatility. Peter refuted the idea that Chinese markets may be influencing US stocks, arguing that the Federal Reserve’s lack of transparency about its monetary policy is really to blame. He also briefly discussed the gold market, and why hedge funds shorting the yellow metal could be in for a world of hurt.
Yes, I’d be buying gold. The hedge funds have actually been shorting. Apparently a few weeks ago it was the first time ever that the hedge funds have been net short. Of course, we’ve had an $80 rally in the past couple of weeks. We’ve given back about $20 now. But I think there are a lot of people who are trapped short gold who are going to be in for a world of hurt. In fact, if we get back above $1200, it’s going to be some real pain for those shorts…”

Peter Schiff has been in the financial media a lot this week, presenting his interpretation of US market volatility and what it means for Federal Reserve monetary policy. Watch a couple of his appearances here and here. Below is Peter's thorough written commentary on the matter, originally published on Monday by Euro Pacific Capital. Find it here.
Fasten your seat belts, this ride is getting interesting. Last week, the Dow Jones Industrial Average was down more than 1,000 points, notching its worst weekly performance in four years. The sell-off took the Dow Jones down more than 10% from its peak valuations, thereby constituting the first official correction in four years. One third of all S&P 500 companies are already in bear market territory, having declined more than 20% from their peaks. Scarier still, the selling intensified as the week drew to a close, with the Dow losing 530 points on Friday, after falling 350 points on Thursday. The new week is even worse, with the D...

In an attempt to stem stock market losses and stimulate a sagging economy, the Chinese central bank slashed its interest rate on Tuesday.
As Bloomberg reported, it was the fifth Chinese interest rate cut since last November.
The one-year lending rate will drop by 25 basis points to 4.6 percent effective Wednesday, the Beijing-based People’s Bank of China said on its website Tuesday, while the one-year deposit rate will fall a quarter of a percentage point to 1.75 percent. The required reserve ratio will be lowered by 50 basis points for all banks to cover funding gaps, it said."
Of course, the United States stock market also plummeted Monday, shedding more than 1,000 points in early trading. With signs the American economic recovery might not be as robust as the government wants you to believe, what steps might the Federal Reserve take to shore things up in the near future?

RT America hosted Peter Schiff and Mark Weisbrot from the Center for Economic and Policy research to discuss why the United States markets have been so volatile. While they both agreed that the US economic recovery has been poor, Weisbrot insisted that this is because the US government hasn't done enough with its monetary policy. Peter, of course, argued that big government and a dovish Fed are precisely what have kept America from truly recovering from the Great Recession.
This market is all about the Fed. That’s the only thing that has been propping it up. If the Fed takes away the zero percent interest rates, this market is going to implode and we’re going right back into recession. That is the real story. That is what is hurting markets around the world. It’s the fear of higher interest rates. That’s propping up the dollar, that’s depressing emerging markets, that’s depressing commodity prices. This is the problem. But nobody believes or realizes that the Fed is bluffing…"<...

This week has given us  a glimpse of The Truth...

When it comes to the relationship between current price formation and fundamentals, even the bulls tend to miss the point.

When nations go bankrupt, they’re forced to reengineer their thinking. They’re forced to start being more competitive and put ALL options on the table.

Below is an interesting 1988 discussion paper on gold, written by Bank of England staff.  

At this point, it almost feels like kicking someone while he’s down. Jeb Bush can’t even stand up to Donald Trump, let alone his own growing series of scandals.

Change in the economic pecking-order is happening again whether we like it or not and China will have her way...

I simply cannot stress enough how important Greece is to freedom, liberty and civilization across the globe. Greece is not a one-off, or merely a small nation in big trouble […]

Published on Aug 26, 2015 Peter Schiff on CNBC Futures Now 8/26/2015
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Charlie, a long term subscriber sent me the note I’ve included below. I decided to share it with you because I’m tired. I’m tired of conceding to the mainstream view.  […]

Renowned Gold expert Jim Sinclair stands by his prediction last year of an eventual Gold price of $50,000 per ounce.