Precious metals news

Greece, EU, and banks are staring into the Abyss.   The greatest monetary experiment of the modern world – the euro, encapsulating the largest middle class market of consumers ever assembled […]

The statists are coming for your kids...

Unable to shove gun control legislation down the throats of Congress, it appears that Obama is attempting to switch gears entirely and rather than outlawing guns, is attempting to abolish the 2nd […]

The bail-in was devised to protect banks, though it violates law developed over centuries. Cash banning is the logical follow up to bail-ins...

Out at my car I couldn’t be bothered to get into the whole ‘probable cause’ thing so I flung open the doors and with as much good cheer as I […]

As it pertains to silver, something big is taking place in India.  While investors were amazed by the massive volume of Indian silver imports last year, 2015 may turn out […]

The following is the unofficial transcript of yesterday’s FOMC press conference with Fed Chairman Janet Yellen. As with all transcripts, the quality is only as good as the transcriber, and […]

When confidence cracks, we'll see it there first...

Bottom-line:  we are witnessing a “managed retreat” this week and as I’ve been arguing since May 30th, June is going to surprise a lot of precious metals market observers.  The […]

Belgium and France are about to confiscate Russian property in their respective countries due to the Yukos ruling.  The courts gave the Russians until June 15.2015 to comply.  They refused […]

The bankster death rate has suddenly picked up again as another JPM High Level Exec has died suddenly...

Is silver preparing to begin a bull move that will send the white metal to TRIPLE DIGITS?  Bo Polny makes the case below:

SilverDoctors.com has been under a sustained DDOS attack since early Wednesday, with our IT team advising that SD is being Actively attacked by something more powerful than they have seen […]

PM Fund Manager Dave Kranzler has described silver's Yellen induced vertical spike rather descriptively...

The price of gold shot up about 1.5% today, breaking through the technically significant barrier of $1200. Gold closed around $1185 on Wednesday, and rallied today to a peak of $1206. It now hovers around $1202.
The jump in price comes on the news that the Federal Reserve is likely to keep the federal funds interest rate at zero for some time. In a press conference yesterday, Janet Yellen hinted at rate hikes later in the year, but ultimately reaffirmed that any rise in rates is entirely data dependent.
In case you missed it earlier, here's Peter Schiff's analysis of the FOMC's meeting and Yellen's statements:

It’s official: China now plays a small role in directly setting the price of gold in Western markets. For the first time ever, a Chinese bank has joined the twice-daily gold price fixing process run by the London Bullion Market Association (LBMA).
As we reported back in February, this news was anticipated. The LBMA has replaced the old London Gold Fix with a new, electronic mechanism in an effort to increase transparency in the gold markets.

Danielle DiMartino was a former advisor to Richard Fisher, the president of the Dallas Federal Reserve. On CNBC this week, DiMartino identified herself as an economist more concerned with the power of free markets when she cited Ludwig von Mises as one of her personal heroes. She went on to share insights into the Fed’s policy-making strategies and why the Fed has painted itself into a corner.
I would have to side with the body of thought that says the Fed has relied too long on models. It has not paid enough attention to financial stability and the seeds that are sown when interest rates are kept too low for too long. The result is never one that’s beneficial. Not for Wall Street or Main Street…”
DiMartino isn't the only Fed insider to question the Janet Yellen's incompetent policy and the official narrative of an economic recovery. Alan Greenspan himself has recently critiqued Fed policy and warned investors that the US economic outlook isn't very rosy.
In this first v...

Janet Yellen held a press conference yesterday after the Federal Open Market Committee’s June meeting. Peter Schiff cuts through the doublespeak to focus on the real message behind Yellen’s official statements.

In a brief presentation with 7 slides, I explain why rising private debt necessarily causes increased inequality, & leads to an economic crisis when the rate of growth of debt exceeds the rate of decline of wages as a share of national income.

The global economic system, including and especially the U.S. economy, is starting to collapse. The Shanghai Containerized Freight Index and the Baltic Dry Index are both telling us in tandem […]