Precious metals news

The April non-farm payroll report has been called the “Goldilocks” report, because it apparently provided just the right data markets wanted to see. A better-than-expected job creation number “proved” that the US economy continues to recover. However, the report was not strong enough to spur the Federal Reserve to raise interest rates sooner, which could spook Wall Street.
Yet the rosy mainstream sentiment completely ignores the underlying facts of the report, which Peter Schiff lays out in his latest written commentary for Euro Pacific Capital.
The biggest shock should have been the downward revision of the already weak March numbers, which most people had expected would be revised upwards. Instead, 41,000 jobs were cut from March, leaving only 85,000 hires for the month, making it the worst month in job creation in three years.

“The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a […]

If you haven’t heard of Marc Faber, he’s a professional investor who runs the site GloomBoomDoom.com, and was probably most aptly described by the Sunday Times as “a blunt-spoken Swiss […]

Silver is the monetary metal of history, having been used as a medium of exchange and final payment for longer than gold, more often than gold, and in far more […]

The US economy is on death watch when measured in REAL accounting data like plummeting GDP and the downward revisions in the BLS reports., according to Alasdair Macleod, the Director […]

What are we going to do once all the water is gone?  Thanks to the worst drought in more than 1,000 years, the western third of the country is facing […]

The UN plans to launch a brand new plan for managing the entire globe at the Sustainable Development Summit that it will be hosting from September 25th to September 27th:

Self-sufficiency crusader Joel Salatin, co-founder of Polyface Farms and widely followed author and speaker on local food and permaculture, joined Reluctant Preppers for a MUST LISTEN interview on the topic "Everything […]

The U.S government has been attempting to apply severe pressure on the Russian economy in an attempt to weaken Vladimir Putin’s position at home, and ultimately topple his government. It is […]

European investors increased their purchases of gold during the first quarter according to the report. Increase in demand was highest in Germany while investors in France, Switzerland and Austria also […]

The banking Dragon is on the ropes, and will do anything to keep the game going  just a few days longer...

Some really weird things are happening in the financial world right now.  If you go back to 2008, there was lots of turmoil bubbling just underneath the surface during the […]

I think we are fairly close to a systemic breakdown and if that occurs, the price changes in all asset classes are going to be extreme. Gold and silver bullion […]

The Bank of England set the stage for the centralization of all banking under the umbrella of banksters control. In order to discover all the secrets of manipulating the financial […]

It has now been reported that Department of Defense officials are now admitting that the Pentagon has been preparing for mass civil unrest.  Many analysts have been pointing to September […]

The Chinese government seems to be very keen on developing the New Silk Road Economic Belt as quickly as possible; an initiative, said to be designed by President Xi Jinping himself, […]

Here we go: The Danish government has proposed that businesses no longer be required to accept cash...

Peter Schiff tackles the latest economic data, which he argues strongly indicates the United States may be on its way into another official recession in 2015. When that happens, Peter expects not just more quantitative easing, but “old-fashioned, Keynesian pump-priming stimulus” in the form of major deficit spending.

Can the economic health of the nation’s largest cities tell us anything about the health of the greater economy? Perhaps.
On Tuesday, Moody’s downgraded Chicago’s credit rating to junk level. The downgrade comes in response to the city’s growing pension liabilities, paired with a new Illinois state court ruling that public pensions cannot be cut as a method of repairing the state’s finances. Moody’s wrote, “In our opinion, the Illinois Supreme Court’s May 8 ruling raises the risk that the statute governing Chicago’s Municipal and Laborer pension plans will eventually be overturned.”

The World Gold Council (WGC) released its Gold Demand Trends report for the first quarter of 2015. The WGC considers 2014 a year of stabilization for the gold market, and the the first quarter of the year saw this trend continue. The supply-demand picture for gold remained relatively unchanged. However, looking to the rest of 2015, the WGC sees supply subsiding. At the same time, demand could rise as investors adjust their strategies in response to weak economic growth in the West. In fact, the first three months of 2015 already saw a noticeable increase in gold investment demand:
ETFs (+26 tonnes) benefited from improved Western investor attitudes towards gold; Q1 2015 was the first quarter of positive net purchases since Q4 2012. Bar and coin demand, 10% weaker year-on-year, remains elevated compared with historical levels.
In this video interview, WGC’s Head of Market Intelligence Alistair Hewitt summarizes the report’s findings.