Precious metals news

*Breaking As the western financial collapse nears, the banksters are furiously working to shut down every financial exit available to the public to preserve their wealth from bankster confiscation. France […]

By Chris Marcus
Almost every time there is a Fed meeting, minute release, or congressional testimony by Ben Bernanke, the mainstream media starts speculating again about an end to the quantitative easing programs. Often the coverage will cite a Fed governor or excerpt from the Fed minutes that indicates that there is at least some thought to ending the programs, but the Fed's actions speak for themselves. Almost five years have passed since the Fed began expanding its balance sheet and it is becoming apparent that even if the Fed actually did plan to unwind its purchases, it really no longer has the means to do so. If the Fed doesn't buy the bonds, who will?

In an interview with Reuters Wednesday, the head of the US Mint stated that US demand for gold and silver bullion remains "unprecedented", that the mint is buying up every […]

It is clear that Western capital markets no longer generally regard gold as money. It has been relegated to the status of a risk asset, useful collateral, or simply a […]

Gerald Celente from the Trends Research Institute joins Sean from the SGTReport for an in-depth discussion about Battlefield America. Gerald reminds us that in this endless ‘WAR on terror’ we’re […]

John Browne, Senior Economist at Euro Pacific Capital says, "Commotion in the Middle East, which involves outside major powers, would be very bad for world security and, of course, have […]

What in the world is China up to?  Why are the Chinese hoarding so much gold?  Does China plan to back the yuan with gold and turn it into a […]

All golden eyes should be focused on this Friday’s jobs report. Almost all the recent economic reports have been weak. The Japanese experiment with high-powered QE has been a total […]

The Shanghai Futures Exchange has cut its gold and silver margin requirements. The bourse will cut margin requirements for gold and silver futures to 4% from 7%, according to amended […]

In the wake of the BIS' official bail-in blueprint, Jim Sinclair has sent an alert to readers urging them to exit the system immediately. Sinclair states that even though readers […]

By Peter Schiff
That's all, folks. One look at the headlines will tell you the gold bull market is officially over: the stock market is booming, a modest recovery of the US economy is underway, and the dollar is dominating the forex. Time to sell your bullion and get back into US stocks!
Does anyone really believe this story at this point? Haven't we been through this time and again since 2008? Remember "green shoots"?
The sad truth is that American investors, accustomed to a world of rising stock and housing prices for several generations, are experiencing short-term memory loss. It's as if their longing for the "good old days" has made them subconsciously suppress any unpleasant memories.

By Jeff Clark from Casey Research
Platinum is a precious metal, as is palladium, though to a lesser degree. However, like silver, both are also industrial metals. Unlike silver, it's their industrial use that is the primary price driver for both platinum and palladium - and that use is undergoing a fundamental shift.
The largest source of demand for platinum and palladium is the automotive industry, for use in autocatalysts. In turn, the fortunes of the auto industry are sensitive to the health of the world's major economies. We've been bearish on platinum-group metals for years, primarily because we weren't convinced a healthy - much less roaring - world economy could be sustained when so many governments continue spending beyond their means.

"The information in this report is taken from sources believed to be reliable; however, the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness.  This […]

There is something very strange taking place in the financial markets presently.  Main Stream Media has actually convinced the majority of investors in the west that gold is now in […]

The world's economy is in tatters and safe havens are few and far between, says legendary contrarian Marc Faber. The banking crisis in Cyprus has shown that even bank deposits […]

Doc' Deal Of The Day 2013 Canadian Silver Maples As Low As $2.39 Over Spot!! Click The Coin Or Call 614.300.1094

Today's chart of the day examines gold premiums in China in the wake of the April smash.   In late April when Jim Willie stated that physical gold was trading at […]

In the wake of the Cypriot depositor bail-in, DIESELBOOM let the cat out of the bag that the Cyprus depositor bank bail-in was the template for future bank crises across […]

In his latest video blog, Peter Schiff picks apart the data the media keeps touting as proof of a recovery. He analyzes the Federal Reserve Advisory Committee's latest meeting minutes in which they admit quantitative easing has been a failure, confirming all the claims Peter has made for years about the real effects of QE. Peter also talks a bit about a possible bottom in the gold price after a drop in the spot price on Friday corresponded with the biggest weekly gain for gold stocks since January 2012.
[The Fed's Advisory Council is] admitting that the Fed's monetary policy has not been effective. It hasn't produced legitimate economic growth. All it's done is inflate asset bubbles that have made us feel good, that have made us borrow too much money and spend too much money. The Fed has completely distorted the market, and that when the QE stops it's going to be a complete disaster. That's basically what they say. The party's going to end and it ain't going to be fun."

By SD Contributor Marshall Swing: Commercial longs sold off a total 1,326 1,037 contracts and covered 4,918 net total shorts to end the week with 48.59% of all open interest, […]