Precious metals news

Perhaps we should start an SD office pool on whether derivatives, litigation, or its naked short silver position will destroy JP Morgan first. Any takers? Nov. 22 (Bloomberg) — JPMorgan […]

Not sure how we missed this, but the CFTC officially defined "swaps" last Friday on November 18th, giving 60 days for traders to comply with the CFTC's new spot-month position […]

Someone apparently has an outsized naked short position that needs to be covered now that the CFTC has defined the word swap, meaning JPM & friends have 60 days to […]

Gold is lower in all major currencies today except euros with euro gold having risen 0.25% to EUR 1,263/oz. The euro came under pressure due to the surprise collapse in […]

null

Ron Paul discusses monetary policy and of course, the Federal Reserve in an excellent speech to the National Association of Home Builders at the 29th Annual Cato Monetary Conference

Jefferies' CEO Richard Handler is reportedly looking for buyers for the distressed firm, and is "weighing whether the firm can remain independent". The Doc's Translation (in the MF Global timeline […]

Yesterday we advised that JPM's stock looks like it wants to test $25 based on its chart action, and if downtrend channel support does not hold at $25, Blythe & […]

We have 3 major withdrawals to report from Monday's COMEX silver inventory movements, including an almost unprecedentedly large withdrawal of 2.3 million ounces from Brinks' vaults! COMEX WAREHOUSE SILVER INVENTORY […]

null

The Fed has released the minutes from its Nov 1-2 FOMC policy meeting. Nothing too earth shattering, other than some entertainment from Charles Evans, who thinks we need more QE […]

Apparently The Morgue is taking preventive actions to ensure that their London side of the gold and silver manipulation is never jeopardized in the way the CFTC position limits ruling […]

Ah, isn't America grand? Go BIG, or GO HOME BABY!In the US:Printing your own $20 earns you 80 YEARS IN PRISON. Printing your own $15 TRILLION earns you TIME PERSON […]

Are silver options expiry over, or are you just happy to see me? Funny coincidence every month, right? RIGHT?

Recent years have seen a trend of gold and silver selling off aggressively in the run into options expiries. This pattern has been less marked in 2011 but was more […]

The Doc has discovered that on Wednesday November 16th, Sprott Asset Management filed a prospectus with the SEC detailing intentions to offer an additional $1.5 BILLION UNITS of the PSLV […]

Part 2 Below:

When you first venture out to purchase your gold or silver the choices will be plentiful and so will the advice. You'll face the options like: squares or circles, shiny or dull, and government issued or good ol' minted bullion. It can become overwhelming and even confusing deciding whether junk or .999 rounds are the best choice for you. However, one of the best things you can do before making that kind of decision is consulting with experts...and/or someone you trust.
When I first decided that I should be investing in precious metals, the motivation came from my readings on the Federal Reserve Bank and the inflation that was taking place in the US and abroad. I had always thought it was silly to keep money in a bank account when the interest I was accruing wasn't working fast enough to combat the decline of the dollar's purchasing power. Thus, I turned to what seemed like a trustworthy investment: precious metals (namely silver, because I didn't have $500K to throw around). It ...

We told you that things were getting interesting as the cartel is frantically moving the phyzz all over like musical chairs attempting to prevent December delivery defaults in silver. Last […]

Ben Davies has commented on 2008 style spread ratios and risk of a full-out collapse on European debt: *ECB will go into FULL MONETIZATION*If the ECB does not print its […]