Precious metals news

Gold finished Friday down $10.60 on average volume to 1396.20, with silver down $0.35 to 23.56 also on average volume.  The gold/silver ratio rose to 59.26. It appears that the […]

Gold’s precipitous decline in the first half of 2013 sent shock-waves throughout the entire mining industry.  Its scary panic-induced 28% plunge over just six months has forced the miners to […]

Even Dennis Gartman, not known to be a Gold Partisan, can recognize Investment-Significant Market Realities when he sees them: 1)   Gold is now launching into a Bull Trend, but a […]

In this week's SD Weekly Metals & Markets The Doc & Eric Dubin discuss:  Last week's forecast nailed the short term top for silver at $25.25, where to now for […]

India Gold Rush Picking Up Pace Forbes - Prithviraj Kothari, President of the Bombay Bullion Association, expects Indian gold imports to increase by 20% during the second half of 2012 as compared to the first half. Kothari sees India importing 300 tons from July to December, up from 250 tons from January to June. Currently, gold is selling for slightly more than 30,000 rupees per 10 grams. If the yellow metal again dips below this price point, Kothari says import demand could go even higher. India satisfies over 90% of its gold demand via imports.  Read Full Article>>   New Bullion Vault in HK Signals Rising Asian Wealth Bloomberg - Asian financial hub Hong Kong is about to get a new gold-storage facility, and it's going to be a big one. In September, Malca-Amit Global Ltd. plans to open Hong Kong's largest bullion vault, which will have the capacity to store 1,000 metric tons within the international airport compound. Malca-Amit says it is opening the vault to meet rising dem...

Singapore Opens 200 Metric Ton Silver Vault Bloomberg - Malca-Amit Global Ltd. added a 200 metric ton silver vault to its five existing gold vaults at the Singapore FreePort. The new silver vault will be an affordable storage alternative for the less expensive white metal, since the gold vaults are already fully reserved due to ongoing demand for physical precious metals from wealthy Asians. The number of Asia-Pacific high-net-worth individuals increased by 9.4% last year, and 43% of global economic growth from 2007-2012 is attributed to China. Singapore has been rebranding itself as a bullion-trading hub, with UBS, Deutsche Bank, and JPMorgan Chase also opening Singapore metals vaults over the past few years. Read Full Article>>
China May Become World's Biggest Gold Consumer Reuters - Chinese gold demand could reach a record 1,000 metric tons this year, surpassing India as the largest global bullion consumer, according to the World Gold Council. India's gold demand is exp...

Are you ready to pay four, five or possibly even six dollars for a gallon of gasoline?  War has consequences, and a conflict with Syria has the potential to escalate […]

If Barack Obama is going to attack Syria, he is going to do it without the support of the American people, without the approval of Congress, without the approval of […]

CNBC's Futures Now spoke with Peter Schiff last night about the long-term outlook for the gold market in the face of the Syrian crisis and the Fed's talk of tapering. Peter also answered a question from the audience about the likelihood of the government confiscating physical gold in the event of a major economic collapse.
I think we're going to have a huge rally. I think we're going to make new highs. I don't think gold ever really lost that safe haven status. Only temporarily, maybe people were confused based on the rush to sell in a short window. But I think the fundamentals are fantastic and I think Syria really doesn't make that much of a difference in the scheme of things... It's a monetary problem that we have. We have a dollar crisis coming, a bond market collapse coming, and gold is going to be a safe haven from all of that."

*Breaking* Militants tell AP reporter they mishandled Saudi-supplied chemical weapons, causing accident Respected 20 year Middle Eastern reporter and Associated Press, BBC and NPR correspondent Dale Gavrak was told by […]

What we are witnessing here is the disintegration of the so-called economic recovery.  A great deal of effort by the FED to print, pump and prime the market seems to […]

For years we've preached the From the Outside In principle of markets: When trouble starts, it nearly always does so out in the weaker periphery before creeping towards the core. […]

When debt grows far more rapidly than GDP, the consequences will eventually be catastrophic. Yes, we have ignored the reality of excessive spending, unpayable debts, unsustainable monetary policies, and Ponzi-finance […]

Gold is set for its second consecutive higher monthly close which is bullish from a momentum and technical perspective. Gold is nearly 5% higher for the month in dollars and […]

Doc's End of Summer Blowout Sale!!          2013 Silver Eagles As Low As $2.49 Over Spot!! 2013 Silver Maples As Low As $1.99 Over Spot!! 2013 Silver Philharmonics […]

World War 3 does not kick off tomorrow... but by October all bets are off!

Back in the not-so-good old days of the second Gulf War, U.K. Prime Minister Tony Blair was referred to as George Dubbya’s “poodle.”  With the rejection of military action against […]

We are moving into a very dangerous time in American history.  You can now be considered a “potential terrorist” just because of your religious or political beliefs.  Free speech is […]

Jim Rogers was interviewed by Reuters about how a war with Syria might affect the price of gold, but he went on to spell out the economic disaster that is yet to come thanks to a "sea of artificial free money." In preparation, what does Jim buy? Gold and hard assets that serve as excellent safe havens in times of economic turmoil.
When this artificial sea of liquidity ends, we're going to see panic in a lot of markets, including in the US... This is the first time in recorded history that all major central banks have been flooding the market with artificial money printing at the same time… This has never happened in recorded history. When this ends, it's going to be a huge mess."