Precious metals news

Someone or something has ponied up about $50,000,000 in order to "jump the queue" and take immediate delivery of 3,500,000 ounces of silver this month.

How can the price of silver be declining when the U.S. mint acknowledged last week that these is no supply for it to mint silver eagles?  

As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one. And […]

The tail end of the June / July Final Capitulation wave down to wipeout and frustrate any remaining Gold and Silver Bulls before a NEW Bull market suddenly arrives that leaving […]

Gold fell to about $1,090 an ounce last night after the biggest single-day decline in its price in two years. It is now hovering around $1,110 an ounce.
Market consensus is that the sharp drop in price was triggered by major selling in the Shanghai gold market by gold speculators. The drop in price is not a product of fundamentals.
In fact, analyst Todd Horowitz told Bloomberg that he believes many investors see this as a major buying opportunity. He points out that from a technical perspective, gold is in very unusual territory when compared to the S&P 500:
It is a hard asset, a commodity, that I think everybody should own in part of their portfolio… I think gold is a hard asset that typically appreciates in value like everything else. If you compare it to the S&P, the S&P is twice as much as gold is now, which is one of the largest discrepancies in history, which means we should see a divergence back into that. Fundamentally, we have seen probably a low ...

China’s response to their financial emergency has been the same as their water emergency: deceit and desperation.

The demarketing of gold may be close to running its course as it seems that sellers of paper gold instruments are attempting to induce one more sell-off to fully cover […]

It appears the waterfall capitulation even we warned could occur on Sunday's Asian open has begun, as gold has just plunged over $50 in nano seconds to $1080...

Greece is saved? All over the planet, news headlines are boldly proclaiming that a “deal” has been reached which will give Greece the money that it needs and keep it […]

This is a rather large nail in the coffin of the financial industry:

What if the withering selling pressure devastating gold and silver this summer is artificial?  What if the traders dumping the precious metals don’t actually own them in order to sell […]

There never was going to be any deal... 

The only conclusion that can be drawn is that the Federal Reserve, likely on orders from the BIS, is going to try and suffocate the price of gold...

Jim Sinclair warned years ago to GET OUT OF THE SYSTEM (GOTS) or demand the physical certificates in your name from your brokerage.   THIS IS WHY: Nobody owns stock. What you own […]

The big issue is you have been printing money and printing money and putting it into the bond market and not letting it get into the real economy. You get huge asset bubbles.

A real crisis is developing far faster than what I envisioned that is impacting the 75 Trillion Shadow Banking sector which is on the verge of implosion. Credit markets are almost […]

A MASSIVE 16,960,000 oz of silver standing for the July contract month...

The silver-to-gold price ratio is currently hovering between 73 and 76, hinting at an upcoming bull run for silver.

This article is written by Peter Schiff and originally published by Euro Pacific Capital. Find it here.
While Greece is now dominating the debt default stage, the real tragedy is playing out much closer to home, with the downward spiral of Puerto Rico. As in Greece, the Puerto Rican economy has been destroyed by its participation in an unrealistic monetary system that it does not control and the failure of domestic politicians to confront their own insolvency. But the damage done to the Puerto Rican economy by the United States has been far more debilitating than whatever damage the European Union has inflicted on Greece. In fact, the lessons we should be learning in Puerto Rico, most notably how socialistic labor and tax policies can devastate an economy, should serve as a wake up call to those advocating prescribing the same for the mainland.
The US has bombed the territory of Puerto Rico with five supposedly well-meaning, but economically devastating policies. It has: 1....

Demand for physical gold and silver has surged over the past two months, with mints around the world reporting robust sales in the midst of the Greek crisis and warning signs in other economies.
According to US Mint figures, the sale of 1-ounce American Gold Eagles more than quadrupled, jumping from just 13,500 coins sold in May to 62,500 in June. The pace has only accelerated in July, with the US Mint reporting 69,000 Gold Eagles sold to date. This is the highest level of sales all year.
Last week, US Sliver Eagles completely sold out.