Precious metals are apparently waking up. And here is where you can find the best deals.
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Welcome to Capital Account. Recently, top bosses and executives at Olympus, the Japanese manufacturer of medical equipment and cameras, pleaded guilty to fraud in one of Japan's largest corporate scandals. […]
The media has stirred up a lot of fear about the possibility of actually going over the fiscal cliff in the new year. However, Peter Schiff maintains that the cliff is an essential step in repairing the economy. He also continues to stress how much safer gold is than dollar-denominated assets, especially Treasuries:
Jim Willie is the editor of the “Hat Trick Letter.” He has a PhD in statistics and crunches the numbers on things like gold, currencies and bonds. Jim Willie says, […]
UBS has reportedly agreed to pay $450 million to settle a probe over LIBOR manipulation. Please recall that Barclays was reprimanded by officials at the BOE for NOT manipulating their […]
James Turk: Above Ground PHYSICAL Gold Stocks Likely a Lot Smaller Than Commonly BelievedDecember 5, 2012
GoldMoney has released an interview with Chairman James Turk about his study of the above-ground global gold stock, gold’s role as money, and the coming fiat currency collapse. They discuss […]
By SRSrocco: In just eight months, the U.S. LME copper inventories are down nearly 60%. The top 10 Primary Silver Miners (does not include Fresnillo & Hochschild) had total revenues […]
Were Last Week's Gold & Silver Chart "Glitches" Telegraphing This Week's Cartel Raids?December 5, 2012
In one of the main claims in the ongoing class action suit against JP Morgan Chase alleging price manipulation of silver, the suit alleges that JPM made over 25 massive […]
The Bank of Korea increased gold reserves 20% last month to diversify investments, boosting holdings for the fourth time since June 2011 and underscoring increased demand by central banks according […]
Submitted by Stewart Thomson: The round number support of $1700 in gold failed Tuesday. Technical traders often place a lot of stop-losses and short sale orders just below such uptrend […]
Jim Grant: Massive & Unprecedented Central Bank Interventions Are Going to Backfire!December 4, 2012
Bloomberg has released an excellent interview with one of our favorite market commentators (and perhaps the harshest and most vocal critic of the Fed outside of Ron Paul), Jim Grant. […]
TSA Seeks Permission to Conduct “Security Assessments” on Highways, Bus, & Train StationsDecember 4, 2012
When we first objected to the SS TSA's unconstitutional searches at airports when they were instituted several years ago, many informed us that if we did not like gestapo's actions, […]
In the latest Keiser Report, Max Keiser talks to our friend Ned Naylor-Leyland of Cheviot Asset Management about the fishy smoke signals blowing at the LBMA regarding silver contracts and […]
Exclusive footage of David Morgan discussing silver with Bix Weir at the recent Silver Summit. (Clip also begins with footage of Morgan's Silver Summit entry tossing Benjamen's into the crowd […]
Gold & Silver COT Report: Commercials Net Short Nearly 300 Million Oz in Silver, 25 Million Oz in GoldDecember 4, 2012
Submitted by SD Contributor Marshall Swing: Gold & Silver COT Report 11/30/12 Commercials declined 894 longs on the week and increased 712 shorts to end the week with 47.05% of […]
Gold & Silver Smashed Again on CRIMEX Open As Gold Smashed Below $1700, Silver Below $33December 4, 2012
The cartel has successfully stuffed gold back under $1700, and silver under $33 on this morning's COMEX open. Silver is down over a dollar to $32.71, and gold was smashed […]
Warren Buffett’s General Re-New England Asset Management has warned that until central bank monetary policies around the world change “there will be a tendency to higher gold prices.” General Re-New […]
According to JPMorgan (who would know since as a primary dealer, they flip treasury take-downs to the Fed roughly 30 minutes after issuance for a handsome profit), the Federal Reserve […]
Former FDIC Head Sheila Bair on the Consequences of ZIRP, Bank Bailouts, and a Post-Geithner Treasury!December 3, 2012
Welcome to Capital Account. Wall Street banks, including Morgan Stanley and Goldman Sachs, are looking to help their foreign customers skirt new US regulations for over-the-counter derivatives. The banks found […]
Apparently an SD reader now has an official alibi for the IRS as 70 gold bars worth $11.5 million were reportedly stolen from a fishing boat in Curacao Friday. In […]
Schiff: Gold Will Pass $2,000/oz ABC News - Gold will go much higher than $2,000 an ounce, says Peter Schiff, CEO of Euro Pacific Precious Metals. The reason it hasn't gotten there yet, argues Schiff, is because most people have yet to fully grasp the true scale of the economic predicament the US faces. However, Schiff warns that there are many scammers in the gold market today. He has published tips to help buyers avoid the most common swindles. Read Full Article>> Supply-Side Squeeze Ahead for Gold, Says Barrick CEO Bloomberg - The CEO of Barrick Gold Corp., the world's largest producer, said in November that gold discovery rates are declining even as exploration spending is hitting all-time highs. Jamie Sokalsky pointed out that none of the finds currently being made are "supergiant," or in excess of 20 million ounces. "I don't see a surge in gold production [even] if we saw a gold price of $3,000," Sokalsky said. He noted that today it takes twice as long to develop prod...