Precious metals news

Can you say GAME CHANGER???

The IDES of March has come and gone and leaves its mark for the world with a: Final US dollar Top at 100.71 Final Gold bottom and Low at $1141.60  […]

In a report ironically titled “A Better Monetary System for Iceland,” government officials in the small North Atlantic nation are considering a policy that would strip commercial banks of the power to increase the money supply through lending. Instead, they would hand all money creation to the central bank – in essence, completely nationalizing the banking sector. If this proposal were to pass, it could restrict credit available for entrepreneurs and politicize who is able to get loans.
Under fractional reserve central banking, commercial banks create money when they offer a line of credit to consumers. When a bank decides to make a loan, it creates a credit in the borrower's account. This credit is new money in the economy.

The US markets are closed today, but the March jobs numbers were release this morning — 126,000 non-farm payroll jobs were created last month. The forecast was for 245,000 new jobs, so this is a terrible report that falls nearly 50% short of expectations.
Taking into account all the economic data thus far in 2015, it’s no wonder that the Atlanta Fed’s GDPNow metric puts 1st quarter GDP growth at 0%.
None of this comes as a surprise to Peter Schiff, who has been predicting this slow descent into another recession for some time. His podcast from earlier this week reviews the latest awful economic data and predicts the poor jobs numbers that we saw this morning.

The Fed-induced money-printing has spawned the biggest stock market bubble in history. The is not going to end well – for anyone.   I asserted back in 2003 that I […]

What’s going on with global currencies?  Are deep-rooted fears in global markets boiling back up to the surface?

The de-dollarization bullet train has left the station, the question is: are you ready for what that means for the US dollar, when it reaches its destination?

What I’m about to tell you is not my own opinion or even analysis. It’s original data that comes from the United States Federal Reserve and national credit bureaus:

Until March 31 countries could submit for membership of the Asian Investment Infrastructure Bank (AIIB), a financial institution proposed by China, which has the purpose of being a multilateral framework […]

Gold and silver have fallen hard since 2011 and gold and silver stocks have been crushed. The chart of the XAU shows a November low not seen since 2000.  The […]

NFP + 126,000 on expectations of +245k Official Unemployment rate unchanged at 5.5% Jan & Feb revised 69k jobs lower Labor Force Participation rate falls to 62.7%, record 93 million […]

So many “experts” have so much to say in correlating the current prices for gold and silver with factors like how much gold China and Russia have been accumulating, the […]

The dollar's death by a thousand cuts continues...

As Russia assumes the chairmanship of the BRICS business council, the launch of the New Development Bank for its members will begin as an alternative to the US-dominated International Monetary […]

Every day that passes by without a serious correction in the stock market marks another day that the entire stock market becomes increasingly dislocated from the underlying fundamentals. It’s beginning […]

The farce on kilobars continues!!

A new report from Goldman Sachs warns that mineable reserves of rare commodities like gold may dwindle to extreme scarcity within two decades. This means that easily-mined gold is getting harder and harder to find. With less gold being pulled out of the earth, less gold is being refined and produced for consumers. In fact, 2015 may prove to be the peak year for gold production.

Bloomberg TV interviewed Chris Gersch from Altimus Capital about why he believes gold is due for a price breakout. He sees both technical and fundamental reasons to support gold surging to $1600 in the next year, making him just another stock investor that is waking up to gold's potential.
The gold price has risen substantially since November, and Gersch thinks this recent spike means a permanent move higher. He also pointed out that gold has continued to hold a steady price despite the dollar's recent rally — an unusual trend indicating that gold has likely bottomed. Gold has also held steady as European debt has sunk into negative yield territory, making the yellow metal an increasingly attractive option for investors. Finally, Gersch believes that rising demand from India and China will make the price of gold spike.

If the “markets” are rigged and economies divorced from true market valuations, then what (if anything) could trigger a recoupling of reality to the record setting flashing numbers presently offered by the “market” facade?  My best guess is decelerating […]

The “Devaluation Currency Wars” are in High Gear. Well, this Currency War has Many Consequences, many as yet unseen, some unintended. And they spell Profit for the Prepared and Disaster […]