Precious metals news

In part three of their video series, Mike Maloney and Peter Schiff explain why more and more Americans will have to continue working into old age or forgo retirement entirely. They discuss how the United States has become complacent as a global economic superpower, and warn about the devastating effects this complacency will have on future generations.

Silver appears to be bouncing along a low, finding support at 15.75-16.00.  Both metals have had a whole lot of Commercial short covering action last week, which is bullish.  Yet […]

After assaulting a 12 year old runaway boy, San Diego Cop Jeffery Banks reportedly threatened to tase any onlookers who had been recording the incident on their cell phones if they […]

The open interest in Comex silver futures hit an new all-time high as of the close of Thursday’s trading at 191,663 contracts.  This is 958 million ounces of paper silver […]

Don’t mess with Texas. Particularly if you happen to be a person who enjoys the freedom to purchase lemonade from two adorable little girls trying to raise money to buy their […]

Glenn Greenwald, a US journalist who published the first reports on documents leaked by Edward Snowden, says allegations in the British press that Russian and Chinese spies accessed Snowden’s documents […]

The summer months are the time to establish positions in the "best of the best" at valuations the mining sector has not witnessed in 20 years, says Gwen Preston, editor […]

Every new chemistry student is warned about the dangers of pouring water into acid.  The water causes the solution to boil over violently, splashing concentrated acid out of the container. […]

Many Americans are turning to encrypted communications to protect themselves from the NSA.  But what really happens when the NSA's bots come across encrypted email? 

If the surge in riots and anti-government violence is any indicator, it looks like history may be repeating itself.

The newly enacted Texas Bullion Depository is about to have  a TEXAS sized stack of phyzz...assuming of course the NY Fed is able to unhypothecate 850,000 oz of gold bullion […]

A collection of items here to make certain that you are aware of what is happening and where this is headed...

The common error of confusing growth with progress goes largely unnoticed, though it permeates all macroeconomic analysis. There is no better example of this mistake than the fallacies behind the […]

Ever wonder what keeps Billionaires up at night? 

Jason Burack and Eric Dubin were back for another podcast of their new show covering markets, current events and political corruption.

The next delivery month is July and here the OI surprisingly rose by 578 contracts up to 91,328. We have only two weeks left to go before first day notice. […]

The Large Specs are believers the bottom is not anywhere close to being in plain sight but the Commercials are going to play puppet master from above and below to […]

Let the BIG BOYS go for the gold...silver will BUY MORE GOLD when the GSR collapses...

On Friday, Texas Governor Greg Abbott approved a law creating the Texas Bullion Depository – the first state-level precious metals depository in the United States. The bill would also allow Texas to repatriate $1 billion of gold back into the state. The law will go into effect immediately, though it is still unknown exactly where and when the Depository will be built.
In passing this law, Texas joins the ranks of major global economies that want to bring their gold home. Germany, Austria, the Netherlands, and other European nations have already begun to repatriate gold from the New York Federal Reserve or have proposed to begin doing so.

Gordon T. Long explained to USAWatchdog why he sees hyperinflation coming to America in the future and how investors should prepare for an escalated war on cash. While Long agrees with analysts like Peter Schiff and Marc Faber that the world is facing a debt crisis and major currency upheavals, he believes the world is still in the early stages of this massive transformation. Long said, “Even though it’s the biggest problem, [the dollar] will be the last to fail.”
However, when it does fail, he predicts the dollar could be officially devalued by 80% or more. For that reason, Long is extremely bullish on the precious metals in the long-term. Long is a well-known and respected economic analyst who worked for decades as a senior executive with IBM and Motorola.