Precious metals news

From 10:30 a.m. (EST) to 10:45 this morning, 2.8 million ozs of gold were dumped onto the Comex.   This forced a rapid $20 price plunge.  There were no apparent […]

It looks like we have a few nervous shorts in silver racing against the clock to cover some of their shortfall!! The total silver OI  remains extremely high with today’s reading […]

Kitco News spoke with Peter Schiff at the Grand Cayman Liberty Forum about the gold market. They covered the gamut, from the economic fundamentals for gold's next price rise to the Swiss gold referendum at the end of the month.

I am convinced that this persistent correlation between the Yen and gold might hold the key to finally stressing the paper—physical connection. GOFO rates in London fell even further in […]

John Manfreda of Wall Street for Main Street Interviewed Bo Polny of gold2020forecast.com. Polny discusses the current state of the gold market, what the future holds for Gold, the Gold […]

At USD $1160, a lot of gold owners are looking at the paper price right now and panicking. The conventional wisdom is that, because it takes fewer pieces of paper […]

Far from chastening the world’s biggest currency trading firms, the multi-billion dollar fines levied by regulators on Wednesday are more likely to draw a line under the affair and gradually […]

Forget Japan, is the European Banking sector the trigger for the next global contagion? 

Gold has staged a nice upside breakout, from a bullish flag pattern. A rise above $1200 could usher in a lot of momentum-oriented buying,creating a near-vertical surge to the $1235 […]

The central planners are in a state of fear and panic.  They are trying everything and anything to create market validation for their policies, watching with trepidation as their favored […]

Silver OI rose sharply by 892  contracts from 172,725 up to 173,617  as silver was down 26 cents yesterday. It seems that judging from silver’s OI, our banker friends are still very nervous as they try to cover […]

The price of gold in US dollars was up 1.5% this morning, boosting it to a 2-1/2 week high. Although the financial media continues to be bearish on precious metals, central banks around the world are starting to look more closely at the yellow metal as an important asset. Their reasons for buying or considering to buy gold vary widely from one bank to the next, but analysts are starting to expect a boost to the gold price in December thanks to central banks.
The 3rd quarter of 2014 marked the 15th consecutive quarter that central banks were net purchasers of gold, according to the World Gold Council. Here's a brief rundown of some of the notable international gold news this week:

Here is the net result of central banks pursuing quantitative easing and zero-interest rates: a massive increase in global risks resulting from the carry trades the money expansion and cheap rates […]

This is what happens when government bureaucrats pass laws legalizing theft from the public under the fancy phrase titled "Asset Forfeiture"...

SERIOUSLY, are you watching this manipulation set up? I have written numerous times over the years that they do exactly that sort of operation taking both sides of the bet […]

The Bank of Japan plans to buy ¥8 to ¥12 trillion per month.  The government is selling ¥10 trillion per month in new bonds. This is an astonishing development. The […]

Gold and silver did not have  a great day price wise. I reminded everyone on Friday that: “The bankers will regroup and will try and forcefully send gold and silver […]

This post was submitted by Erik Oswald, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
In this article from Smaulgld, Louis Cammarosano examines the fundamental supply and demand figures for the gold market. Demand for physical gold has been increasing year over year since 2008, despite rising prices up until 2012. Following the correction from $1900 per ounce, market demand for physical bullion really took off. While many in the West do not appreciate the monetary significance of precious metals, the East has been consuming physical gold and silver at an unprecedented rate. This is evident in the official reserves reported by central banks. On the whole, Western central banks have been decreasing their holdings of physical bullion while Eastern central banks have been all too eager to purchase the surplus.
Countries like China are all too familiar with the dangers of paper moneta...

In the Pharaohs’ day, gold was money. Today, it might be even more important than ever. As advanced as our modern civilization may be, we’ve been playing with fire for […]

Land of the Free, Home of the Brave??? Florida cops have arrested and charged 2 clergymen and a 90 year gold WW2 Vet with the dastardly crime... of feeding the […]