Precious metals news

- Chinese imports, primarily of raw materials, crashed 19.9% in January - Exports fall 3.3% against expectations of 6.3% rise - Total Chinese debt rose from $7.4 trillion in 2007 […]

In the 3rd week of 2015, a massive 71 tonnes of gold were withdrawn from the vaults of the Shanghai Gold Exchange- the third highest amount EVER!   As this […]

Tonight's commentary regarding the Greek ultimatum is the most important development in quite some time.  If I was a betting man, I strongly believe that China and Russia have had […]

The price of oil collapsed by more than 8 percent on Wednesday, and a decision by the European Central Bank has Greece at the precipice of a complete and total […]

This week precious metals continued to consolidate January's gains in volatile financial markets, with both gold and silver range-bound. Platinum and palladium were up on the week, noticeably stronger than gold […]

There’s no doubt the gold-mining stocks remain deeply out of favor, collateral damage from the Fed’s gross financial-market distortions of recent years.  But sentiment is shifting, with stock traders starting […]

The US equity market is on the cusp of something interesting; if it confirms the swing high Monday, we might have some excitement next week.  I think a drop in […]

Whether to require labeling on GMO foods should be the easiest and simplest of decisions. If health and safety is really a mandate of federal agencies, where is the beef […]

Many in the precious metals community are eagerly anticipating a complete systemic collapse of the financial system because as "preppers", they expect to not only survive, but to prosper in […]

Economically, what we are experiencing right now are birth pangs of the coming Great Depression.  The signs are everywhere – all you have to do is open up your eyes...

Peter Schiff digs into the new jobs numbers and the latest trade deficit report, asking the tough questions the mainstream media avoids. When viewed together, the latest data reveal that the United States’ economy is consumer-based with failing production. Peter believes the uptick in unemployment may be the beginning of a new negative trend.

At the end of January, Senator Rand Paul re-introduced the “Audit the Fed” bill first promoted by his father, Ron Paul. If passed, the bill would hopefully make the Federal Reserve more transparent by opening it to a direct audit from the Government Accountability Office (GAO). The Fed has been legally exempt from GAO audits since 1978.
Of course, the Fed is terrified of opening its doors to the public. As Reuters reported:

Gallup CEO Jim Clifton caused big waves across the media on Tuesday when he published an article calling the official government unemployment number of 5.6% a “big lie.” Clearly the powers that be were not pleased with the criticism. The very next day, Clifton appeared on CNBC to qualify his statement.
In an almost Orwellian turn of events, Clifton hinted that he was afraid of the government if he didn’t disavow his written statement:
I don’t think that the government is misleading us at all. I think that the number that comes out of BLS (Bureau of Labor Statistics) and the Department of Labor is very, very accurate. I need to make that very, very clear so that I don’t suddenly disappear. I need to make it home tonight…”
As the interview continued, Clifton softened his condemnation of the official data by calling it “very, very misleading.”

Of the many lessons we can learn from Greece's difficult path to rejection of debt-serfdom, the most important is perhaps the most obvious: no real change is possible until the Status […]

I smell a trap in gold and silver. I know that silver’s the best performing asset so far in 2015, but remember, that’s exactly how it started 2014 as well! After […]

According to Bo Polny gold has broken out.  The big resistance is $1300 where the big money is trying to hold it back. Silver outperformed gold in January and it […]

The Swiss 10-year yield was as high as 37 basis points on Friday January 2.  It has been nonstop free-fall since then, currently to -26 basis points. The Swiss situation […]

Another classic BLS smash in the metals is in progress as gold has been smashed $30 through support at $1250, and silver has been smashed nearly .80 to $16.59! 

There’s no BS like the brown stuff tossed at us by the BLS (Bureau of Labor Statistics).  Not only do they want us to believe that the economy produced 257,000 […]

Thomson Reuters GFMS, one of the leading consultancy firms regarding precious metals supply and demand data has recently released the GFMS Gold Survey 2014 – Update 2 In the report, […]