Precious metals news

Which silver?  Paper silver or real silver?

Bloomberg reports that investor short positions are now at the highest levels since 2006. Incredibly, retail investor short positions on the COMEX, are now larger than their long positions! Clearly, […]

Gold flat in quarter in dollars but 11% and 5% higher in euro and sterling, while Silver surges 6.5% in dollars and 19% and 12% in euros and pounds:

The Treasury Department, in conjunction with the Fed and its agent bullion banks, has never attempted to push the price of gold lower with as much force as is being […]

While gold is a main focus of the Central Bank market rigging apparatus, physical silver investment demand is their real enemy.  The reason is simple:

I checked last night the gold inventory levels of foreign deposits at the FRBNY. The account shows that 9.577 tonnes of gold left its vaults, and there is no doubt […]

The one chart below perfectly demonstrates that the Fed has failed the nation...

Former Federal Reserve Governor Kevin Warsh told CNBC's “Squawk Box” that the Fed's wishy-washy language and behavior has been spoiling the financial markets. Every nuanced speech of central bankers can influence markets, making it impossible for Americans to get a true idea of how the economy is behaving. Warsh finds it disturbing that the Fed has run its quantitative easing and interest rate experiments for 7 years while ignoring real economic indicators.
Warsh believes Fed officials have fallen prey to “groupthink,” which has put them completely out of touch with normal Americans. In this 2-part interview, Warsh says exactly what Peter Schiff believes, only less pointedly — not only has the economy not legitimately recovered, but it’s in for a rude awakening when the Fed’s policies drag it down again.
Another remarkable thing about this interview is the lack of push-back from the CNBC anchors. In fact, they agreed with Warsh that the Fed is relying too much on stock mark...

Gold Prices Could Skyrocket as Asian Demand Increases Bloomberg – Australia & New Zealand Banking Group Ltd. published a report predicting that gold demand in Asia will double by 2030. The price of gold could increase to up to $2,400 in the same time frame to keep up with demand. As incomes in India and China rise, consumers will purchase more jewelry and invest in the commodity. Central banks in these and other countries will also continue to buy gold. The report predicted that if global financial instability continues, the price of gold may reach as high as $3,230. Read Full Article>>

Frank Holmes, Chief Executive at US Global Investors, told Kitco News that an interest rate hike would send the stock market plummeting. In fact, he thinks a drop in the market would far outpace any dip in gold prices. At the same time, problems with mining exploration means that both gold reserves and supply are going to shrink in the next several years. Holmes emphasized that it's important to ignore the “short-term noise” of asset prices. Gold is an important asset class, and provides a buffer against a plunging stock market.

Over nearly two decades, Melendez has been named as a defendant in a dozen federal lawsuits, accused of planting evidence, wrongfully killing unarmed civilians, falsifying police reports and conducting illegal […]

As has been documented here ad nauseam, the price of gold is now largely determined solely by fluctuations in the yen. The yen goes down, gold goes down. The yen […]

There is this silly notion that the United States will become energy independent in the next several years, thus making it unnecessary to import oil from Middle Eastern countries such […]

If there’s one lesson we can learn from the 20th century it’s that we should be suspicious of a government that actively tries to disarm its population. Maybe you’ve thought […]

Berkshire's Charlie Munger just went and did it again...

Indian gold imports have EXPLODED in March...and the expected slashing of government import duties has not even occurred yet...

Since 2000, the global bond markets have nearly tripled in size. Today it is worth more than $100 trillion and it is backed by and intertwined with the gargantuan $550 […]

Stackers & Numismatists alike will want to check out the latest BLOWOUT deal from SDBullion below...

Just like in 2008, no one knows where the next big derivatives accident daisy chain will start. Looking back, it would appear that the collapse of Bear Stearns trigged the […]

"If the RMB wants to achieve international status, it must have popular acceptance and a stable value. To this end, other than having assurance from the issuing nation, it is […]