Precious metals news

It looks like all those ‘conspiracy nuts’ who took issue with the “official” story following the President’s original announcement of bin Laden’s death were not so crazy after all. There’s […]

Based on COT data among other things, Andrew Maguire and Marshall Swing are both expecting a BIG move in gold.  The question is will it be UP, or a breakdown […]

It was bound to happen sooner or later. Our beloved amigos at the US Financial Crimes Enforcement Network (FinCEN), have just issued the first-ever ‘civil enforcement action’ against a virtual […]

Jim Rickards spoke at the National Center for Policy Analysis in late April. In this long video, the author of The Death of Money first discusses why central banks are always so wrong in their forecasting and policies. He relates how it took 100 years for science to understand and accept that the planets revolve around the sun in elliptical orbits. In the same way, modern economics is just beginning a similar process of realizing its fundamental models are entirely incorrect.
Rickards moves on to explain why a much larger financial crisis is imminent since modern economic policy is so wrong. He sees a bailout of global central banks in the not-too-distant future, which would lead to massive inflation and eventually $10,000 an ounce price for gold. It’s no wonder he recommends owning physical gold and other hard assets as a way to protect your portfolio.

Barack Obama is secretly negotiating a global economic treaty which would destroy thousands of American businesses and millions of good paying American jobs.  In other words, it would be the […]

The weekly chart of the dollar index  has broken the up trending red support line.  This could be the start of a major dollar index downturn.   Could the dollar […]

They did not need to trip Speculator gold shorts but they need the mix to be just right in silver so they could crash it.  Since that crash they have […]

Once you appreciate the depth of loss suffered by Russia in "The Great Patriotic War", you'll have a better understanding of why the current Ukranian crisis is considered such an existential […]

There is an unwarranted assumption that market prices are always right, and represent "fair value". In the case of commodities, particularly metals, this is not necessarily true, because regulated financial […]

In the West we don’t have centrally planned committees to regulate the supply of bread, raisin, milk, etc. One would think... But guess again, Comrades:

As The POSX collapses another point today, it's easy to ask why gold isn't racing higher. The answer, of course, lies with the algos and their seemingly endless pairing of […]

In the latest example of abuse by unaccountable feds, we learn that Pentagon employees have been caught using their government credit cards on gambling and escorts, amongst other things. Their […]

The total gold comex open interest rose by 8444 contracts from  399,988 up to 408,432 as  gold was up by $6.970 on Friday (at the comex close).  We are in our next non active delivery month of May […]

I don’t think I’ve ever seen a world that is more ripe for another catastrophic French-type Revolution scenario.  The entire world seems a monstrous tinderbox, just waiting for a spark.  […]

On his Friday podcast, Peter Schiff told the story of his encounter with Ben Bernanke at the SALT Conference last week. He managed to snap a photo with the former Federal Reserve Chairman, which you can see here. Peter first discusses the latest economic data, then starts talking about Bernanke at 13:30.

This is just too good.  Isn’t this the clown who goes around picking on teachers about waste , but who never dares goes after Wall Street criminals for destroying the global economy […]

BOTH the global and U.S. economy are falling off a cliff.  The economic data – almost all of it – has been collapsing at a rate as great or greater […]

Apparently it’s impossible to be fired from the DEA...

There is one thing riskier than investing in a free market: investing in a rigged market when you think the central bank has your back. At some point, the free […]

If Bill Gross is currently getting the heck out of Dodge...