Precious metals news

Peter writes: Hi Doc Just wanted to let you know (I'm sure I'm one of many lately) that along with Harvey Organ you have the best silver related commentary blog […]

Those who think we are ANYWHERE NEAR a bubble in gold or silver need to watch the following interview on Fox Biz w/ Peter Schiff. Un-f'ing-believable. Schiff: Eleven years ago […]

By Peter Schiff
This morning many on Wall Street were stunned by the big fat zero put up by the August jobs report, the worst showing in 11 months. The data convinced many previously optimistic economists that the United States will slip back into recession. I believe that we have been in one giant recession all along that was only temporarily interrupted by trillions of useless and destructive deficit and stimulus spending. Unfortunately, the August numbers will increase the talk of government efforts to stimulate the economy.
But while President Obama prepares to unveil a new plan for the Federal Government to create jobs, evidence is rapidly piling up on how his Administration is actively destroying jobs with stunning efficiency. Recent examples of this trend are enough to make anyone with even a casual respect for America’s former economic prowess hang their head in disgust.
The assault on private sector employment began in April when the democrat controlled National...

As The Doc will be headed up to the lake for a family reunion this Labor Day weekend, we decided to issue a SILVER CHALLENGE to our readers for the […]

Multiple large COMEX Warehouse silver withdrawals to report from Thursday's trading, with a total of nearly 1.5 Million ounces of silver leaving COMEX vaults on the day! COMEX WAREHOUSE SILVER […]

Mark Dice (the California man who became a precious metals cult sensation in 2010 when he published a YouTube video trying to sell a 1 ounce gold coin on the […]

We've picked our favorite reader entry for the Blankfein Caption Contest...now tell us if it beat The Doc's caption! OK....double or nothing. Which hand has the Silver coin in it? […]

Have at least $5,077 and wish to watch JP Morgan Chase burn over your mantle every morning as you sip your coffee? Apparently The Doc is in the wrong profession, […]

BrotherJohnF's latest Silver Update: This is not a financial collapse, its an implosion of the system!

Gold and silver are vaulting higher after the NFP disappointment,with silver up nearly 5% on the day to $43.29 before backing off slightly, and gold up 3% to $1882! MARKET […]

Yep, that's right, after all the bajillions of bogus BLS jobs added for the month, the August NFP total is a whopping 0! Unemployment Rate: 9.1% And the Bernanke helicopter […]

GoldMoneyNews has published a 30 minute interview of James Turk and Ben Davies which is a MUST WATCH treat for any and all precious metals bugs. Davies discusses imminent $2,000 […]

Today, the President of the ECB, Jean- Claude Trichet did not rule out a gold backed euro bond in an interview with ‘Il Sole 24 Ore’ published on the ECB’s […]

In news that is sure to thrill Bix Weir and all those who hate JP Morgan and Goldman Sachs, the NYT has broken news that the US is set to […]

Wikileaks has just announced via Twitter that they have publicly released (dumped) their entire cablegate 65 gigabyte archive. Give the Geeks an hour or two to wade through the data […]

By Peter Schiff
The markets are going through another sell-off phase, yet the traditional notions of a ‘safe haven' are changing. No longer is the US dollar the default shelter; instead, gold, the Swiss franc, and the Japanese yen are the preferred assets.
All three of these havens - gold, francs, and yen - have been surging upward this month. Two of them, however, are being actively devalued by central banks desperately (and foolishly) trying to curtail appreciation. The Swiss and Japanese are enlisting both policy measures and all the banker-speak they can muster to stem the tide of investment flows into their currencies.
The game is Last Haven Standing, and Spielberg has already acquired the movie rights.
Switzerland: From Neutrality to Intervention
Looking to Europe, the Financial Times now has the awkward task of reporting that mighty European Union's currency is coming apart at the seams, while neighboring Switzerland has barely enough hotels to house...

By Jeff Clark
With gold a stone's throw away from $2,000 and already up 27% on the year, the objective investor might begin wondering how much higher both it and silver can climb. After all, gold is nearing its inflation-adjusted 1980 high - and that peak was a spike that lasted only one day.
So, how much upside is realistically left in each metal? And is one a better buy than the other? There are dozens of ways to calculate price projections, but I'm going to use data based strictly on past price behavior from the 1970s bull market.
First, let's measure what today's inflation-adjusted price would be if each metal matched its respective 1980 high, along with the return needed to reach those levels:

Based on the CPI-U (the government's broadest measure of inflation), gold is a couple jumps away from matching its 1980 high of $850. Silver, meanwhile, has much further to climb and would return over three times our money if it reached its former peak.
But the CP...

Massive COMEX silver inventory movements to report from Wednesday's action, including a 1.5 Million ounce withdrawal from Scotia Mocotta!Of perhaps even more interest is an 215,439 ounce movement from HSBC […]

Back month backwardation in the silver market continues to worsen over the past week. Front month (Sept 11) contracts settled Wednesday at $41.699, and are trading in contango through the […]

QE TO INFINITY....AND BEYOND is the only possible prevention of massive debt default of the entire Western World. The Bernank's not fooling anyone. The Fed will proceed with QE3 as […]