Precious metals news

Sunshine Mint Silver Eagle rounds only .89 over spot! Until 4pm EST only while supplies last!

Tracing the Great Chinese Gold Rush. China is taking over the world one gold bar at a time as this new world superpower reacts to years of being on the […]

In the latest Keiser Report, Max Keiser and Stacy Herbert discuss the Lilliputian view on fraud and theft and how this applies to the chief banking knaves at JPMorgan. In […]

The WSJ is reporting that Goldmanite Gary Gensler has declined an invitation from President Obama to serve a second term as CFTC Chairman, and will leave the CFTC by the […]

Yesterday's auto sales report for September - led by GM's 11% plunge in sales and incredible bloating up of dealer inventory levels - confirms my view that the economy is […]

By Peter Schiff
Anyone who bought the media buzz about a September reduction of QE - called the "taper" - was very surprised when the Federal Reserve announced that stimulus would continue unabated. According the the official narrative, inflation is under control and the labor market is steadily improving. Why wouldn't a modest taper be announced?
The reality is that the economic indicators the Fed claims to rely on to decide when to taper are all dependent on stimulus money. This is not a mystery to Ben Bernanke. Instead, this entire saga amounted to little more than a "taper fakeout" which sent hard asset investors for a loop.

By Jeff Clark from Casey Research
Goldman Sachs is once again predicting that gold will fall, setting a new near-term target of $1,050.
Never mind the schizophrenic gene that would be required to follow the constantly fluctuating predictions of all these big banks; it's amazing to me that anyone continues to listen to them after their abysmal record and long-standing anti-gold stance.
Sure, the too-big-to-fails can move markets - but they say things that are good for them, not us. For example, while Goldman Sachs was telling clients and the public to sell gold in the second quarter of 2013, they bought 3.7 million shares of GLD and became the ETF's 7th largest holder.

Commenting on the elements that suggest a coming October black swan surprise, Rick Rule said, “If ever there was a set of circumstances that came together that would give an […]

All of this whining and crying about a "government shutdown" is a total joke.  You see, there really is very little reason why this "government shutdown" cannot continue indefinitely because […]

Stop worrying about the IRS or the NSA stealing your information. From now on we will hand it over to the government voluntarily. If the IRS or NSA scandals involving […]

Precious metals expert David Morgan says, “You cannot print yourself out of this mess that we are in. We have a massive debt problem, and the only solution they can […]

The ultimate scramble for precious metals lies just below the thin ice of US Treasuries.

February, April and June were Comex delivery months that saw the price of gold get hammered. August was a delivery month that saw the price of gold rally. October is […]

There was a time when $1 of government stimulus money would boost the GDP by $16.  Now we talk daily about it taking $3.8 trillion to run the Federal Government […]

The partial government shutdown in Washington has entered a third day, adding to concerns over how soon a political compromise would be reached. Congress must also agree to raise the […]

David Morgan joins Elijah Johnson to discuss the Federal Reserve's recent decision to continue printing $85 billion each month to "stimulate the economy." Morgan declares that the truth of the […]

Ned Goodman, a Canadian billionaire businessman, addressed Cambridge House's Toronto Resource Investment Conference a few weeks ago. While Goodman's delivery is subdued, his message could not be more important. Goodman believes the US is already in a recession and reviews the reasons why the international community is beginning to turn its back on the US dollar.
The Chinese have 3 1/2 trillion US dollars and they're spending these dollars as quickly as they can. And it will not be long before the rest of us in the world and the US will be thinking likewise… In the '30s everyone wanted US dollars. Today, everyone wants to get rid of them. Buying hard assets is what you'll hear from many people..."

The standard wisdom on gold is that it does well in times of economic bad news such as in the 1970s, a period of stagflation and recessions, when the yellow […]

Silver price history is a long story of manipulation. Yet, the irony is that it is cheap! silver is an important strategic commodity as well as a form of money. […]

Sprott has announced a $110 million deal to launch a new offshore fund with China's largest mining company, Zijin Mining Group.  The deal will see Sprott assisting Zijin with acquiring […]