Precious metals news

Yep, because all this situation needs is just some time to calm down. We all remember what happened in 2010 when the Greeks delayed their bond auctions because yields passed […]

Ms. Masters? Mr. Dimon is on the phone, he wants to speak to you. Gold is nearing its 2% daily cap meaning we'll likely have to wait till Tuesday to […]

Up, Up, and away!!!Italy's 10 year bonds have passed 6.5%, and are rapidly nearing the 7% point of no return. Apparently the markets are not too confident in the results […]

We have a winner for the Obama/ Corzine Caption Contest! Whoa Barry, no wonder you're always smiling, is that a ten ounce silver bar in your pocket? Don't let Blythe […]

Germany has rejected proposals by France, Britain and the US to have German gold reserves used as collateral for the Eurozone bailout fund. Germany Economy Minister Philipp Roesler said on […]

By Peter Schiff
I think I know some lab mice that have received less examination than the 2012 Republican primary candidates. It seems with each passing cycle, the campaigning starts earlier, there are more debates, and the media frenzy gets more intense. Yet, with all the pyrotechnics and pageantry, it becomes difficult to figure out what these tricksters actually think when they're behind the curtain. Since the gold price is inextricably linked to the long-term fate of the US dollar, it's rather important for gold investors to be able to forecast how each candidate, if elected, would conduct his/her monetary policy.
Monetary policy is not nearly discussed enough in debates or television appearances - partly because too few viewers care about it, and partly because most candidates simply don't understand the subject. The most common monetary policy platform amounts to little more than, "I'm opposed to China's currency manipulation, and America needs a strong dollar!" (Littl...

The following conversation took place between a friend's son and me. He's a bright but relatively young investor. He had purchased some gold based on some things I'd told his father. Shortly afterward, the price dropped hard. As you'll see, he was not very happy with my advice and said so in an email to me. So I called him...
I: Sounds like you're upset.
Friend: Yeah, that's putting it mildly. What the hell am I supposed to do now?
I: Because the gold price has dropped?
Friend: Yes! It's down 15% in a month! I thought you said this was going to be a good investment.
I: It is. And it will be. You might even consider buying more here if you have the funds.
Friend: I have some other money, but why would I put it in gold? It's losing money.
I: Because it's on sale. Because it's cheaper now than when you bought it. And especially because none of the reasons for buying it have gone away.
Friend: That doesn't mean it's going to go back up.
I: As I told y...

Glen Beck's favorite gold company Goldline has been charged with 19 counts of fraud and theft related to "bait and switch" tactics of switching customers from gold bullion to highly […]

Iowa Public Television has released a forum Q&A session with Rep. Ron Paul (R-TX) answering questions about monetary policy, taxes, regulation, jobs, trade agreements, energy policy and other issues facing […]

For those new to SilverDoctors...we have a tradition here at SD- whenever the chairman of the Federal Reserve makes a public speech or appearance, we give him a swift virtual […]

Stewart Thomson of Graceland Updates discusses silver's massive inverse head and shoulders pattern as well as the importance of valuing your wealth in OUNCES rather than dollars in his latest […]

Daniel Speckhard, former US Ambassador to Greece discussed the Greek debt crisis and the outlook for Prime Minister George Papandreou's leadership as well as the bailout referendum in a Bloomberg […]

Paul Krugman’s latest post is extremely bearish and he warns that “things are falling apart in Europe; the center is not holding” Krugman warns that this could lead to a […]

In a PBS interview airing on 10/31, Herman Cain told Judy Woodruff that China is "trying to develop nuclear capability". And this man is running for the office of POTUS?Even […]

The legendary Jim Sinclair has sent the following email to subscribers tonight regarding the crisis in Europe and states correctly that after Europe comes the US. Got Phyzz? My Dear […]

We have documented the massive increase in COMEX inventory volatility recently, but Monday's action is unprecedented over the past 6 months. (naturally in every vault EXCEPT The Morgue's)Million ounce plus […]

Open interest in silver declined a net 1,343 contracts Monday. Silver Open Interest Update 11/1/11 Daily Settlements for Silver Futures (FINAL) Trade Date: 11/01/2011 Month Open High Low Last Change […]

China Buys Gold to Challenge US Dollar Al Jazeera - America's diplomats know the world will one day pull the plug on the US dollar's life support system. A recently published, unredacted Wikileaks cable from the US Embassy in Beijing shows that the concern has, in fact, been at the front of their minds. The cable quotes an editorial in a Chinese government-sponsored newspaper claiming Beijing is increasingly buying gold to encourage the rise of monetary alternatives; in effect, as the cable quips, to "kill two birds with one stone" by simultaneously undermining the US dollar's and euro's status as reserve currencies. Read Full Article>>
Hedge Fund Heavyweight Sees Gold at $2,200 Bloomberg - Tony Hall, the moonlight boxer and hedge-fund heavyweight who returned a whopping 33 percent for his clients last year, prefers to fight from the gold corner. Golden-glove Hall believes that the yellow metal could work its way up to $2,200 an ounce by the end of 2011. Hall notes that in...

By Peter Schiff
Last week, I spent the afternoon visiting the Occupy Wall Street demonstrations in lower Manhattan. I brought a film crew and a sign that said "I Am The 1%, Let's Talk." The purpose was to understand what was motivating these protesters and try to educate them about what caused the financial crisis. I went down there with the feeling that much of their anger was justified, but broadly misdirected.

Because we all need some entertainment on a Friday... Christopher Eibl: "Gold gains may be annihilated" Next we will hear how gold is headed back to $35/oz, and silver $0.25/oz […]