Precious metals news

Sprott's PSLV Thursday announced a follow-on offering, the proceeds of which will again be used to acquire physical silver bullion. The offering will be made in both the US and […]

Gold is 3.35% higher and silver 4.53% higher this week in US dollars in the aftermath of Obama's re-election.  Gold in euros looks set to break out above €1,400/oz and […]

In the latest Keiser Report, Max Keiser and Stacy Herbert discuss Goldfinger at the New York Fed in Lower Manhattan where Germany's gold did not dissolve in the Hurricane Sandy […]

By J. Luis Martin
Although the eurozone crisis did not make it into the US presidential debate on foreign policy in October, Treasury Secretary Timothy Geithner did remark earlier in the month: "We are very worried about the risk of collapse in Europe." Indeed, he should be, for a collapse of the euro would not only send shockwaves through the already fragile world economy, but would also undermine America's own escape strategy of currency debasement. This makes preservation of the status-quo in Europe an essential part of the United States' plan to avert its so-called fiscal cliff - even if it means that Washington has to increase its exposure to the faltering economies across the pond.

GoldMoney’s Alasdair Macleod has released part 2 of his excellent interview with Jim Willie of GoldenJackass.com. Part 2 focuses on the global rush for physical gold and the increasing transfer […]

After the standard COMEX open raid this morning, gold and silver have traded strongly throughout Thursday's session, and have rallied exactly to the cartel's caps of $32.50 and $1735 in […]

Our favorite European politician has delivered another epic speach to the European Parliament, this time delivered to none other than German Chancellor Angela Merkel. Farage informs Merkel that the Eurozone […]

In his latest update, Greg Mannarino discusses his outlook for the markets in the wake of Obama's re-election.  With the looming fiscal cliff, massive tax increasing set for 2013, the […]

Marc Faber of the Gloom, Boom, Doom report was on Bloomberg for this MUST WATCH interview, in which Faber stated a 20% market sell-off is imminent, and that investors must […]

Doc's Deal Of The Day 100 ounce NTR Bar AS LOW AS 59 CENTS OVER SPOT!! Call Now To Order At 614-300-1094 >10 Bars Only 59 Cents Over Spot!! 5-9 […]

While US consumers invest in the latest I-phone (with many actually now taking out loans for the latest tech gadget) Chinese consumers and investors continue to ramp up their physical […]

The Bank of England Thursday prematurely halted it's Quantitative Easing program at £375 billion, ending it's QE3 early.  Governor King stated he has no plans for further bond purchases, and […]

With Chinese demand for gold and silver surging depositories are looking to cater to the huge growing swathe of wealthy Chinese and this is leading to increasing vaulting services being […]

By Peter Schiff
If no one seems to care that the Titanic is filling with water, why not drill another hole in it? That seems to be the M.O. of the Bernanke Federal Reserve. After the announcement of QE3 (also dubbed "QE Infinity") created yet another round of media chatter about a recovery, the Fed's Open Market Committee has decided to push infinity a little bit further. The latest move involves the continuing purchase of long-term Treasuries when Operation Twist expires, thereby more than doubling QE3 to a monthly influx of $85 billion in phony money starting in December. I call it "QE3 Plus" - now with more inflation!
Inflation By Any Other Name
In case you've lost track of all the different ways the Fed has connived to distort the economy, here's a refresher on Operation Twist: the Fed sells Treasury notes with maturity dates of three years or less, and uses the cash to buy long-term Treasury bonds. This "twisting" of its portfolio is supposed to bring down long-term...

By Jeff Clark from Casey Research
While I don't like making price predictions, and certainly ones accompanied by a specific date, it's hard to ignore the correlation between the US monetary base and the gold price.
That correlation says we'll see $2,300 gold by January 2014.
There are plenty of long-term charts that show a connection between gold and various other forms of money (and credit). Most show that one outperforms until the other catches up. But let's zero in on our current circumstances, namely the expansion of the US monetary base since the financial crisis hit in 2008.
Here's the performance of gold compared to the expansion of the monetary base since January 2008:
You can see the trends are very similar. In fact, the correlation coefficient is an incredible +0.94.
Since the Fed has declared "QEternity," it's logical to conclude that this expansion of the monetary base will continue. If it grows at the same pace through January 2014, there is a hi...

In the wake of Obama's re-election, long-time gun control advocate Senator Dianne Feinstein (D-CA) is reportedly drafting legislation to ban thousands of guns including ALL assault (semi-automatic) rifles, high capacity […]

Ed note: We originally reported last week that this Russian cargo ship contained 700 tons of gold, this was incorrect, the ship in fact carried 700 tons of gold ore. […]

Well, that didn't take long...and you thought Obamacare was a tax increase! Less than 12 hours after Obama was officially re-coronated, and reports are coming out that Obama will push […]

Our friends at Demonocracy have released another excellent infographic, this time detailing the shocking failure of the Federal Reserve's money printing policy of QE∞ to bring any semblance of real […]

Of course it will. QE will go to infinity...and then beyond. Federal Reserve Bank of San Francisco President John Williams said the central bank may buy more than $600 billion […]