Precious metals news

*Editor note: With silver plunging to an $18 handle and gold knocking on the door of $1200, we thought we would bring back SRSrocco's satirical analysis of the metals' outlook […]

As the Indian Government exercises additional steps to curtail gold imports into the country, China plans to take up the slack by becoming the largest gold consumer in the world […]

There are many people out there, they never owned an ounce of gold in their lives. They were bearish about gold at $300, bearish about gold at $700, bearish about […]

The “COP” factor is coming into play; the cost of producing gold. Gold is currently trading below $1300, which is quite close to the cost of production. Fundamental analysts at […]

Gold was pummelled overnight in Asia when a very large sell trade just after the market opened led to further selling throughout the session and this weakness continued in London […]

As the paper price of gold falls even lower due to market manipulation, gold continues to bleed from the COMEX Warehouse stocks.  Today, another 156,310 ounces were removed from the […]

Gold and silver are plunging in Asia as China opens, with silver down nearly $1 to an $18 handle and closing in on $18.50 rapidly, and gold down another $30 […]

Peter Schiff recently spoke with Stefan Molyneux, host of Freedomain Radio, about the truth behind the gold market correction. Their wide-ranging discussion is an excellent introduction to how the economy reached the quagmire it is in now and how a healthy economy functions. Peter also gives advice on how to avoid and prepare for the real crash that is yet to come.
Really what's happened, there's been a crash in confidence. There's been a crash in investor expectations when it comes to the price of gold. There actually hasn't been a crash in the price. I think the sentiment is wrong, that the public is wrong, that the professional investors are wrong. Remember - the guys that are ultra bearish on gold right now are the same guys that were extremely bullish when it was at the highs at 1900. The consensus doesn't have a very good track record when it comes to gold."

In his latest video blog, Peter Schiff tears apart Ben Bernanke's latest public statements about the state of the economy and the Fed's ability to taper or end its stimulus.
When the gold market wakes up to the fact that there is no tightening, there's just endless easing, that we just have one big bubble - then I think we'll have a mass scramble on the part of everyone who sold their gold to buy it back. Where they're going to get it, I don't know. Who's going to be sellers at these levels once that moment happens...I don't know. So I would expect to see a very, very rapid rise in the price of gold."

The yield on 10 year U.S. Treasury bonds has rocketed up to 2.66%.  The global financial system is potentially heading for massive amounts of trouble if interest rates continue to […]

Don't fall for propaganda from the Federal Reserve about tapering quantitative easing, says ShadowStats editor John Williams in this interview with The Gold Report. His corrected economic indicators show the […]

To be of equal proportion to the 76′ correction, gold would need to drop down another 35%, to the $900 level. If in fact it did so, it would still […]

Many people believe there is a significant risk that the Irving Fisher debt-deflation theory of great depressions is still an economic threat today. They overlook the fact that Fisher published […]

If yields on U.S. Treasury bonds keep rising, things are going to get very messy.  As I write this, the yield on 10 year U.S. Treasures has risen to 2.51 […]

Russia, Kazakhstan, Azerbaijan, Kyrgyz Republic and Turkey all increased their gold reserves in May. Russia and Kazakhstan expanded their gold reserves for an eighth straight month in May, buying the […]

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With even the most die-hard metals investors wondering when the pain will finally end in the wake of last week's post FOMC smash, Silver Bullet/ Silver Shield's Chris Duane has […]

In his latest appearance on CNBC's Futures Now, Peter Schiff defends his claims that gold is going to the moon and the economy is preparing for another recession.
The Fed is going to have to wave the white flag, not me. They're going to have to admit that it hasn't worked and they're going to up the size of QE. Meanwhile, the gold traders are preparing for something that's not going to happen and they're going to be caught by surprise. You're going to see a vicious rally in gold as people look to re-buy the gold they sold based on the false premise that the economy was improving and the Fed was going to tighten."

About a month ago I vaguely remember something coming across my email…about a huge position in June GDX & GLD put options.  Now I see why gold was held below […]

China seems to be waiting patiently in the wings, as the U.S. Dollar may be starting its next decent just in time for another EU crisis to emerge. China has […]