Precious metals news

Peter Schiff’s new commentary at Euro Pacific Capital examines the supply and demand factors that could be influencing the plunging price of oil. If you want to listen to Peter discuss the economic repercussions of this possible bubble in black gold, listen to his podcast here.
The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments. Economists are scratching their heads to determine if the drop is good or bad for the economy or whether cheap oil will add to or decrease unemployment, or complicate the global effort to "defeat" deflation. While all of these issues merit detailed discussions, the first question to address is if the steep drop is here to stay and whether energy prices will stay low enough, for long enough, to seriously reshuffle the economic deck.

If you follow precious metals news, you might have seen a recent article reporting that Russia sold a big chunk of its gold reserves. The article has since been corrected, but it just goes to show how sloppy Western journalism can be, especially when it comes to the reality of physical gold investment.
Laurynas Vegys of Casey Research has published a new article exposing this poor reporting. He goes on to dig deeper into the extremely bullish actions of Russia, which appears to prefer gold over the US dollar.
What we’re seeing here is not some haphazard pattern of purchases. Quite the contrary, this is a trend that has been in motion for quite a while, right under the noses of indebted Western governments and against the backdrop of unprecedented rounds of money printing by the world’s major central banks.

Based on the historic 1960’s oil-silver ratio, the current price of silver should be $50 an ounce! According to the 1960’s Oil-Silver ratio of 1.3/1, the price of silver would […]

The FOMC meeting begins today, and Janet Yellen holds a press conference tomorrow afternoon. The Fed has consistently failed to raise inflation to their comfort zone, and the global oil […]

In her latest interview with Finance & Liberty's Elijah Johnson, Ann Barnhardt breaks down where the global economy is headed with escalating tensions and sanctions between Russia and the West. […]

A huge key to watch for in 2015: Does the Yuan make it in the SDR basket?    

Rents have gapped to off-the-charts unaffordable levels. Of the largest 35 metros areas, Miami, San Francisco, New York, San Jose and Los Angeles have the biggest differences between current and […]

As of Sunday night, December 21 – effective for Monday, December 22 – the Comex is implementing “Price Fluctuation Limit Rules". The “price fluctuation limits” kick in for $100 moves […]

Nothing screams economic recovery like 2 out of every 5 Americans living paycheck to paycheck. Especially when that number has reportedly increased by 33% since 2012. With recoveries like these, […]

Silver must be controlled, because silver is the fiat ponzi’s ultimate “pressure point cluster”! Silver is the “cluster of nerves”, the deadly, 5 pressure-point knockout…from which there is no recovery. […]

The banksters obliterated gold and silver today as Russia announced an emergency rate hike of 650 basis points, raising rates on the Ruble from 10.5% to 17%, sending the USD […]

"Mutually assured destruction" now best describes the uneasy stand-off between an increasingly indebted US government and an increasingly monetarily frustrated China. So here's a quiz: 1) Which country is the […]

Financial markets are watching the Federal Reserve this week to see if they change any of their language regarding monetary policy going into 2015. Janet Yellen will give a statement on Wednesday, and how she addresses interest rates is of particular interest. Economists are expecting the Fed to drop the phrase “considerable time” from their statement, which could indicate an interest rate hike in the first half of next year. This would be the rational course of action if the US economy is actually improving, as the Fed claims.
However, as Peter Schiff has been saying for some time, the economy is not really improving. Peter expects that the Fed will find more excuses to not only keep interest rates down, but to actually start up another round of quantitative easing before too long.
Enter renowned financial manager Bill Gross. Last week, he suggested that the plummeting price of oil might be that very excuse.

The big news this past weekend was the United States Senate passing a giant spending bill just in time to prevent a government shutdown. Ron Paul’s weekly column for the Ron Paul Institute explains why a responsible government would not shy away from a temporary government shutdown. Just as Peter Schiff has said time and again, a little short-term pain is well worth the long-term economic benefits of reducing government spending and debt.
The political class’ shutdown phobia is particularly puzzling because a shutdown only closes 20 percent of the federal government. As the American people learned during the government shutdown of 2013, the country can survive with 20 percent less government.

Earlier today, we reported on the potential effect plunging oil prices could have on the Federal Reserve’s plans to raise interest rates. Peter Schiff addressed exactly this is problem in his latest podcast. While many people see lower oil prices as a boon to the economy (who doesn’t want to pay less to fill up their gas tank?), Peter explains why this is a narrow-minded analysis. If the oil boom was actually a bubble, it could have dire implications for the United States.
If you want to understand the fundamental issues at play with the plunge in oil prices that is rocking the financial world, you can’t miss this segment from the Peter Schiff Show.
I don’t believe the Fed… is going to allow that recession [from falling oil prices]. They’re going to do the only thing they can do to stop it. That is unleash a tidal wave of new money in QE4, which is going to be bigger than QE1, 2, and 3 combined…”

It looks like Austria is taking gold repatriation step by step, just like The Netherlands did.  First there was some discussion in politics about the official gold reserves and then actions began to be taken […]

Currently, we live in a brave new HALCION world, numb and safe from the inner kingdom of truth with all of us. From dawn to dusk, things turn "Orwellian" as […]

Is $14.10 all she wrote for silver bears? Technically, we cannot yet confirm this; however, I must admit that this particular bottom does appear rather alluring...

If you look close enough, you can see the shadow of the matrix. You can smell the stench of boiling frogs.