Precious metals news

We should know in the next few hours whether France has re-elected Nicolas Sarkozy, or newcomer Francois Hollande. Hollande, the front-runner, has promised to reverse France's austerity measures, and RAMP […]

Doc gave away lots of sexy silver Panthers this week. Here are the lucky SD Winners:

Chris Duane weighs in on Warren Buffett and Charlie Munger's ostracization of gold. ‘Perhaps people should be paying a million dollars to have lunch with a lump of gold instead […]

Our friends at Demonocracy have put together another stunning info-graphic, this time documenting JP Morgan and the largest 9 banks' holdings of derivatives.  For those needing a refresher, we recently […]

John writes: Doc: Your website is excellent and provides valuable guidance to all us little guys. Nagging Question: With the trillions of dollars the BRIC nations have at their disposal […]

Submitted by SD Contributor Marshall Swing Commercials bought 4,590 longs and purchase a whopping 15,356 shorts to end the week with 58.88% of all open interest and now stand as […]

Chris Duane continues the SBSS video series with Part 25: The Silver Door is Closing. For those who missed the previous installments, click here for Part 24: The Big Silver […]

Our friend David Morgan of SilverInvestor.com talks to Financial Survival Network's Kerry Lutz about how the silver price suppression scheme is ending.

Submitted by SD Contributor Marshall Swing Commercials unloaded -5,894 long contracts and covered -4,504 shorts to end the week with 49.00% of all open interest which is an increase over […]

BrotherJohnF is back with another Silver Update: Unemployment. For those who missed this morning's NFP report, this is all you need to know from our analysis: Actual number after removing […]

By Peter Schiff
According to the European Central Bank, the Italian banking industry now holds more government debt than the banks of any of the major European economies: nearly €324 billions worth of shaky bonds. The Spanish banking sector is also heavily overweight in government paper, at a new record high of €263 billion.
This bond-buying spree was caused by the "Sarkozy Trade," or the wild printing of euros by the ECB, which French President Nicolas Sarkozy hoped would relieve France's own public debt problem. As a result of his campaigning, any European bank can get all the euros it wants at the low, low price of 1% interest for 3-year loans - and instantly convert it into its own government's bonds. Italian and Spanish 10-year bonds pay above 5.5%, yielding a 4.5 percentage point return for doing nothing (though whether this is a winning trade in the long-term depends on what happens after the first three years).
Just as in the US, private investors can no longer b...

There is a growing number of people in America hoping for the best... but preparing for the worst. These people - often called "preppers" - believe in self-sustainability, in terms of health, wealth, and liberty. As a former Boy Scout, I can certainly appreciate the desire to be prepared for any eventuality.
Many preppers buy physical gold to protect from some form of economic collapse: the collapse of currencies, the collapse of financial systems, the collapse of governments, or the collapse of society. Even if you don't think there's a high probability of collapse, investors need to prepare for a range of possibilities, and protecting from collapse isn't as simple as buying a few shares of SPDR Gold Trust.
Among the preppers, there is a raging debate on the utility of gold. Let's examine the arguments on both sides and see if they are useful for our own preparedness decisions.
Many people believe that in a collapse scenario, it is more important to own guns and butter ...

By Jeff Clark
There are many reasons why gold is still our favorite investment - from inflation fears and sovereign debt concerns to deeper, systemic economic problems. But let's be honest: it's been rising for over 11 years now, and only the imprudent would fail to think about when the run might end.
Fortunately, there's one critical indicator that clearly signals we're still in a bull market - and further, that we can expect prices to continue to rise. That indicator is negative real interest rates.
The real interest rate is simply the nominal rate minus inflation. For example, if you earn 4% on an interest-bearing investment and inflation is 2%, your real return is +2%. Conversely, if your investment earns 1%, but inflation is 3%, your real rate is -2%.
This calculation is the same regardless of how high either rate might be: a 15% interest rate and 13% inflation still nets you 2%. This is why high interest rates are not necessarily negative for gold; it's the rea...

Deja-vu all over again. No, The Doc did not post Thursday's COMEX Silver Inventory update again today, trust us, we double checked. JP Morgan adjusted 527,000 ounces from eligible to […]

Somewhere, Warren Buffett's father Howard Buffett, the 4-term Congressman from Nebraska who was a strong proponent of gold and silver as constitutional money, is rolling in his grave. Charlie Munger, […]

The fiery Ann Barnhardt believes that her former clearing firm Penson Worldwide is going down in flames, and is about to become MFGlobal 2.0.  Penson is much smaller than MFG, […]

The CME Group's CEO Craig Donohue has retired effective Thursday, 7 months ahead of schedule when his contract expired in December, and Bank of NY Mellon's CEO Robert Kelly resigned […]

The next time a CNBS shill, Dennis Gartman, Jon Nadler, or Jeffrey Christian tells you the ‘gold bubble has burst', please refer to gold's 12 year trend-line and make your […]

Apparently the ‘closed door meeting‘ of Dimon and Blankfein with Fed officials was wildly successful as the CFTC has caved to the banksters demands and will delay voting on the […]

The silver/gold ratio hit a new 60 day high today of 54.55/1. The ratio has continued to widen over the past several months as gold and silver have corrected and […]