Precious metals news

Marc Faber told Kitco News the same thing Peter Schiff has been warning — the United States economy is too weak for the Federal Reserve to raise interest rates in June. Faber believes that eventually the markets will wake up to just how ignorant and powerless global central banks are. When that happens, investors will abandon paper money and flee to precious metals.
While he’s reluctant to tell investors what to buy when, Faber does think that $1,200 is a “reasonably good” price point to start buying gold. Faber looks at gold investment as a long-term commitment. He started buying gold in the 1990s and continues to buy regularly.

Meet JPMorgan's new all-encompassing employee surveillance algorithm that knows if you're a whistle-blower before you do... “If you want to be proactive, you have to get people before they act.”

‘Modern’ banking is still based on the same system that has been in existence for at least a century. At their cores, banks are still 19th-century fractional reserve institutions that […]

We are swimming in the collective waters of overvalued fantasies fueled by a currency that has been breaking since 1913, culminating in the parallel shift of power.

When the water runs out in California, where are its 38 MILLION residents going to go!?!

Very few Americans realize just how bad the domestic energy situation will become in the next several years.  While U.S. shale oil production has surged over the past five years […]

The era of infrastructure investment and multilateral banks and financial institutions controlled, in large part, by Washington – often as an aggressive strategic policy tool – has come to an […]

The latest US jobs report has stunned most analysts, with its dramatic weakness. Most investors in the Western gold community are nervous about rate hikes, and this report supposedly gives […]

GATA has produced STUNNING disclosure by the LBMA CEO, Ruth Crowell:

The eye of the storm has largely passed over, the eyewall is returning now. The good times that have been bought with tens of trillions of dollars of ‘money’ creation […]

I wrote the following yesterday: “Expect the banker crooks to attack gold/silver tomorrow as they hate to see two advances in precious metals on consecutive day and we are very […]

In an interview on Bloomberg, former Morgan Stanley chief economist Stephen Roach tears apart the monetary policy of the Federal Reserve. Roach explains that Ben Bernanke has blatantly admitted that the Fed’s goal is to stimulate the economy by growing asset bubbles.
Roach’s indictment of the Fed and the US economy is severe, but he couches his language carefully:
We need to sort of wean ourselves from the temptation to juice up our asset markets to derive temporary satisfaction from bubble-induced economic growth.”
Translation: the Fed needs to get out of the way and stop manipulating the markets with quantitative easing and abnormally low interest rates. The worst part is that the Fed’s strategy only enriches the financial elite while forcing Main Street to deal with the real effects of secular stagnation.

The price of gold surged this week after the poor jobs numbers released last Friday. The yellow metal is now up about 3.5% in 2015, while the S&P 500 is up barely 1.5%. As usual, technical traders are now jumping on the gold bull wagon, at least temporarily.
In this short CNBC interview, precious metals analyst George Gero sees gold continuing to move higher, even if the US dollar remains strong. His reasoning? Markets around the world are going to show a renewed interest in gold as their currencies continue to lose value.
While Gero hints at fundamental demand supporting gold, CNBC's analysis is mostly of short-term trends in precious metals. Traders now seem to take it for granted that the Federal Reserve will simply delay the interest rate hikes that the markets were expecting would begin in June. Of course, Peter Schiff has been saying all along that the Fed will not only delay rate hikes, but will probably forego them entirely and return to quantitative easing.

Looks like the political-monetary landscape is being groomed in preparation for the next leg of this ongoing train wreck.

This story does not end well...

If America is the Land of Opportunity, why are so many parents worried that their princeling/princess might not get into the "right" pre-school, i.e. the first rung on the ladder […]

The Russian military is in the midst of a sweeping modernization program, and it is currently developing some incredibly impressive offensive and defensive next-generation weapons that are designed to be […]

The systemic contagion of a GREXIT would likely pale in comparison to that of a BREXIT...

We recently discussed the utter insanity of the debt-based education system—the trillion+ dollar explosion of student loans out there that may very well be the next bubble to burst. It’s […]

When an economic crisis is coming, there are usually certain indicators that appear in advance.  For example, commodity prices usually start to plunge before a recession begins.  And as you […]