Precious metals news

Gold imports by China from Hong Kong rose in July as Chinese people renewed their buying of gold to hedge against financial market’s turmoil and weaker currencies with increasing concerns […]

By Peter Schiff
This past Friday, as Fed Chairman Ben Bernanke delivered his annual address from Jackson Hole - the State of the Dollar, if you will - I couldn't help but hear it as an incumbent's campaign speech. While Wall Street was hoping for some concrete announcement, what we got was a mushy appraisal of the Fed's handling of the financial crisis so far and a suggestion that more ‘help' is on the way.
It is important to remember that it's not just President Obama's job on the line in this election; in two years time, the next President will have the opportunity to either reappoint Bernanke or choose someone else. So we must understand what platform Bernanke is running on, as his office has an even greater effect on global markets than the President's.
Bernanke has been the perfect tag-team partner for George W. Bush and then Barack Obama as they have pursued an economic policy of deficits, bailouts, and stimulus. Without the Fed providing artificial support t...

By Jeff Clark from Casey Research
The cheek of it! They raised the price of my favorite ice cream.
Actually, they didn't increase the price; they reduced the container size.
I can now only get three servings for the same amount of money that used to give me four, so I'm buying ice cream more often.
Raising prices is one thing. I understand raw-ingredient price rises will be passed on.
But underhandedly reducing the amount they give you... that's another thing entirely. It just doesn't feel... honest.
You've noticed, I'm sure, how much gasoline is going up.
Food costs too are edging up.
My kids' college expenses, up.
Car prices, insurance premiums, household items - a list of necessities I can't go without. Regardless of one's income level or how tough life might get at times, one has to keep spending money on the basics. (This includes ice cream for only some people.)
According to the government, we're supposedly in a low-inflation environment...

Submitted by SD Contributor SRSrocco: In 1998, Nevada was actually the 4th largest gold producer in the world generating 78% of all the gold mined in the United States.  We […]

The legendary Jim Sinclair sent out a notice to email subscribers moments ago warning that The Fed is about to follow in China and the ECB's Quantitative Easing footsteps with […]

On the heels of yesterday's unlimited bond buying announcement by the ECB (Draghi's version of Operation Twist), we thought this Telegraph image of the front of the ECB building would […]

The US Mint sold nearly 75 times more Silver Eagles than Gold Eagles in August, for the 2nd consecutive month! The Mint sold 74.6 times the amount of silver than […]

*Update: Size of the follow-on offering has now been released: 23 million shares for proceeds of $341 million.  Nearly identical to the size of the latest PSLV follow-on. Sprott Asset […]

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Gold and silver just made their best Old Faithful impersonations on this morning's NFP disappointment, as bad news is now good news for the chances of Bernanke announcing unlimited QE […]

NFP +96,000 on expectations of + 130,000 Official Unemployment rate drops to 8.1% July revised down from +163,000 to + 143,000 Gold and silver surging on the news

Gold and silver have been smashed early in Friday's Asian trading ahead of the US BLS Report, with silver down $1 to $32, and gold smashed $25 through $1700 to […]

Welcome to Capital Account. Today, European Central Bank President Mario Draghi announced a bond-purchase program in the euro zone with no set limit. But why should you, who may be […]

By Jim Willie, GoldenJackass.com Bankers know they are finished, and are cutting deals to avoid prison JPMorgan is losing control of the USTBond & Interest Rate Swap structures The destructive […]

The Bond King himself Bill Gross in a Bloomberg interview today declared gold a better investment than stocks OR BONDS!! We are now well into stage 2 of the massive […]

Submitted by SD Contributor SRSrocco: I at times have wondered just how much gold there is in the world.  I have read some of these articles and reports of the […]

Peter Schiff spent Wednesday interviewing folks at the Democratic National Convention, asking liberals whether they would support a new law to ban all profits.  Those who have even the most […]

From AGXIIK: Until the advent of the FDIC, bank runs and failures meant the client lost everything.  That why they call them "bank runs".  You run to bank as fast […]

TrimTab's Charles Biderman's latest RANT discusses how Obama and the Cntrl + P in chief Ben Bernanke are literally BANKRUPTING THE US. 

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