Precious metals news

By Jim Willie, GoldenJackass.com Editor Note: The following MUST READ Hat Trick Letter is Jim Willie's self-described "Most Important Article Ever", following Friday's release of Willie's first audio interview on […]

Last Tuesday March 26th, we reported that the US Mint had sold 3,356,500 Silver Eagles in March, nearly 1 million in the past 4 days, and were only 25,000 oz […]

*BREAKING SD ALERT* Editor note: Bringing this massive story back to the top of the news feed for those who missed it over the holiday weekend. On Wednesday, SD broke […]

While we are awaiting confirmation as to whether they intend to bring the product to market or have just launched a clever marketing scheme based on the European banking crisis […]

Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics. Click here for more cartoons and information on his anthology book, available for only $15.

Peter Schiff's latest commentary looks at what happens when a country becomes addicted to easy money, and explains why the Fed will keep pumping money the US economy until a currency crisis forces it to stop.
For years we have been warned by Keynesian economists to fear the so-called ‘liquidity trap,' an economic cul-de-sac that can suck down an economy like a tar pit swallowing a mastodon. They argue that economies grow because banks lend and consumers spend. But a ‘liquidity trap' convinces consumers not to consume and businesses not to borrow. The resulting combination of slack demand and falling prices creates a pernicious cycle that cannot be overcome by the ordinary forces that create growth, like savings or investment. They argue that a liquidity trap can even resist the extraordinary force of monetary stimulus by rendering cash injections into useless ‘string pushing.' Some of these economists suggest that its power can only be countered by massive fisc...

From Ron Paul: The dramatic recent events in Cyprus have highlighted the fundamental weakness in the European banking system and the extreme fragility of fractional reserve banking. Cypriot banks invested […]

Saxo Capital Markets has released an infographic detailing the Cyprus depositor bail-in from start to finish. The infographic also looks at the debts of Spain, Italy, Greece, Ireland, and Portugal […]

Friday's strange algo patterns in the gold and silver charts apparently were tipping off the upcoming silver raid, as silver traded exactly down Monday morning to the $27.88 spike low […]

Bernanke and Turbo Timmy co-star in today's Caption Contest!

Submitted by Bill Holter: Imagine that 2 weeks ago you were a Cypriot and faced losing some or all of your bank balances, what would you have thought?  I ask […]

While the Western financial world panics out of the Euro and into the dollar, the dollar's death by a thousand cuts continues as Brazil & China have announced a bilateral […]

By SD Contributor Marshall Swing: Gold & Silver COT Report 3/29/13 Commercial longs added 550 long contracts to their total and covered a 1,848 shorts to end the week with […]

The Financial Times published a story on Friday featuring Peter Schiff's new offshore investment bank, Euro Pacific Bank, which has seen a 150% increase in new customer interest since the news of deposit confiscations in Cyprus. The article examines new ways for investors to protect their wealth from irresponsible central banks.
"‘Banks in Cyprus took deposits and lent them to the Greek government by buying Greek government bonds,' [Peter Schiff] notes.
Under bailout plans hammered out this week, large depositors in Cyprus’s two biggest banks will pay the price for those loans; they could see their money wiped out entirely.
‘What’s going on now is a wake-up call from Cyprus. People are thinking about these things more and doing more research,' says Mr Schiff."

UBS Predicts Major Gold Rally MarketWatch - UBS, the biggest bank in Switzerland, says US monetary policy will favorably influence the price of gold in the latter part of 2013. Gold's sell-off in mid-February is attributed to the belief that the Fed will end quantitative easing sooner than expected. However, as UBS analyst Julien Garren remarks, "given the Fed voters' highly dovish bias, we expect them to continue printing into 3Q13." UBS anticipates an increase in US demand for industrial metals (which include silver and copper) as well. Read Full Article>>
Central Banks' Gold Purchases Highest in Nearly 50 Years CNBC - In 2012, global central banks bought the most gold since 1964, according to the World Gold Council's latest Gold Demand Trends Report. The governments of Russia, Brazil, and Iraq bought the lion's share of the total 534.6 tonnes. This accounts for 12% of global gold demand in 2012, up 2% from 2011. Developing countries in particular have a greater need for...

BrotherJohnF's latest Silver Update: Silver Fixed

Submitted by Deepcaster: “The key to control by the "haves" is the production of fiat, unbacked money. Gold is the enemy of money created out of a computer. When gold […]

Submitted by Zeal: It’s well known that a huge chunk of global gold production is performed by a small group of very large mining companies.  These mega-miners own the world’s […]

The Golden Jackass Jim Willie has finally given his long anticipated first public thoughts on Cyprus. Willie states that Cyprus is the long awaited FLASH POINT the metals community has […]

This Week’s SD Weekly Metals & Markets Report Looks At: Gold And Silver:  Strong Dip Buying Supports “Bottom” Call Cyprus:  Banks Finally Opened, Calm Deceptive Banker Bail-in Bash Comes To […]