Precious metals news

JPM is getting out of the silver manipulation game. Perhaps they've been warned by the CFTC. Perhaps they simply see the writing on the wall. It's impossible to say. What […]

Governments and central banks are losing the war against gold behind the curtains.  The recent fall in the price of gold has not taken it out of backwardation but has […]

There are ten counties in northern Colorado that are discussing plans to secede from the state of Colorado in order to form a new state that would be known as […]

Silver HFT algos are the perfect mechanism for enabling the complete the control of prices hidden far beyond the realm of regulation. Market manipulation can be effective at maintaining the […]

Gold prices peaked in September 2011 and have dropped over one-third in the past 22 months. Sentiment by almost any measure is currently terrible. Few in the US are interested […]

SDBullion Friday Flash Sale: 2013 Silver Philharmonics As Low As $2.19 Over Spot!

With the most recent data out by the USGS, U.S. gold production declined substantially year over year from its number one producing state, Nevada.  According to the statistics, Nevada’s gold […]

I had the great opportunity yesterday to reconnect with legendary founder and former CEO of GoldCorp, Rob McEwen. He is now the CEO, Chairman, and largest shareholder of McEwen Mining. […]

The GOFO is the interest rate that is used in a gold-for-dollars swap transaction.  Someone who is long gold and needs dollars for short term use can use his gold […]

I had the chance this morning to reconnect with Vishal Vyas, head of operations at India’s top bullion dealer, Pushpak Bullions Pvt. Ltd.   It was a sobering conversation, as Vishal indicated […]

Silver has been used to heal infections for thousands of years. It is currently commonly used in alternative medicine in its colloidal form suspended in water as a broad spectrum […]

GoldMoney's Félix Moreno has released an interview with T. Ferguson of the tfmetalsreport.com. They discuss the end of the great Keynesian experiment, how the current economic and monetary system will […]

As the number of good jobs continues to decline, the number of Americans that cannot take care of themselves without government assistance continues to explode.  On Friday, we learned that […]

Gold surged 3.3% or nearly $50 from $1,248/oz to $1,298/oz after Federal Reserve Chairman Ben Bernanke admitted that the U.S. economy continues to need a highly accommodative monetary policy and […]

Gold and silver have gone vertical on tonight's Globex open as the market digests Bernanke's comments this afternoon, in which the Fed Chairman confirmed what SD readers knew well prior […]

Ever since the take-down of the price of silver in April, silver warehouse stocks have been declining in a large way at the Shanghai Futures Exchange.  At the peak on […]

For investors who follow the fundamentals, the recent plunge in the gold price is an excellent buying opportunity. And indeed, physical metals purchases have continued to be strong around the world. Of course, when opportunities like this arise, so do the people aiming to take advantage of inexperienced buyers.
If you believe that the price of gold has to rise again, you might be susceptible to the leveraged gold account swindle. This particularly aggressive sales tactic thrives off the belief that the price of gold will continue to go up. While there are very good reasons for making this argument, it doesn't change the fact that gold can be volatile and so leveraged accounts are rarely a good idea.
Here's how a leveraged account works:

Stay up-to-date on the latest advances in the silver industry with The Silver Institute's bi-monthly Silver News. The latest issue, released this week, includes some fascinating articles on the new uses of the anti-bacterial properties of silver.

*Update: Stocks and metals surging as Bernanke says inflation, jobs indicate MOAR QE needed. So much for the Fed's 2 week threat of tapering.  It was fun (for the gold […]

Reading this morning's missives from the punditocracy, I couldn't resist pointing out a perfect example of what Gata's Bill Murphy calls market action making market commentary.   As gold leaped higher […]