Precious metals news

For more than 3 years - since gold rose above its nominal high of $850/oz in February 2008 - there has been much talk about gold being a bubble.Nouriel Roubini, […]

Too bad for the cartel that Mubarek held $620 Billion in gold rather than silver. $620 Billion in silver might have helped the COMEX tread water for a few months. […]

Celente discusses the continuing devaluation of the US dollar, and the recent spike in gold. "The dollar is not worth the digital paper its not printed on."

We have pointed out numerous times that April's run higher in silver was not a mania (as Bob Moriarty would have you believe- we set him straight here), but was […]

We still don’t know if a financial collapse can be averted in Europe because investors and depositors are not all naïve to reality. The financial malfunction is ongoing and will […]

Somewhat of a quiet day yesterday volatility wise according to today's CME warehouse report. No changes whatsoever to registered (deliverable) silver, with inventory remaining at 27,336,846 ounces. COMEX SILVER WAREHOUSE […]

This is Jamie. Get Blythe on the phone!WTF is going on right now? What do you mean she went golfing this afternoon!?!?!

$1650! Congrats Mr. Sinclair On Calling $1650Gold Nearly A Decade Ago! $1650 MARKET IS OPEN(Will close in 1 hr. 51 mins.) Metals Date Time(EST) Bid Ask Change High GOLD 08/02/2011 […]

Gold has vaulted nearly $20 today, and has just placed a brand new all-time nominal high at $1645.30, less than $5 from Jim Sinclair's famous $1650 call!So much for the […]

Stewart Thomson gives his thoughts on silver in his latest piece. While Thomson believes silver is headed MUCH higher from here, he believes that when the OTC derivative complex finally […]

Mike Maloney of Rich Dad Poor Dad on $1500 silver.

Further confirmation in the continuing stealth accumulation of bullion by central banks came overnight with confirmation that South Korea's central bank bought 25 tonnes of gold over the past two […]

Ron Paul inks his second missive of the day regarding the debt ceiling hike agreement as well as the creation of the new Super Congress. From Paul.House.Gov Rather than raising […]

The CRIMEX silver warehouse inventory report today for Friday 7/29/2011 saw registered (deliverable) silver supplies increase by 607,476 ounces thanks to an adjustment in the Brink's vault. Deliverable silver inventories […]

By Peter Schiff
Perhaps the debt ceiling should be renamed the "national debt target," for it seems Washington is always trying to reach it. One could say it's their only reliable, time-tested achievement. And without fail, upon reaching their national debt target, they promptly extend it further in order to discover how quickly it can once again be attained!
While I have little doubt that the ceiling will be raised, my readers have been curious as to the implications for gold in each of the debt and "default" scenarios possible after August 2nd. This month, I'll outline how each outcome could affect the price of gold and silver.
Bearish Gold Case #1: Debt Ceiling Not Raised – Enough Cuts Made to Avert Default
My readers know that this scenario is actually what the US government should do. The debt ceiling should not be increased and massive cuts must be made. We know this outcome is extremely unlikely - it would require not only a resolute steadfastness to sound mon...

By Peter Schiff
By supposedly compromising to raise the debt ceiling, Congress and the President have now paved the way for ever higher levels of federal spending. Although, the nation was spared the trauma of borrowing restrictions, the actual risk of default existed solely in the minds of Washington politicians. But the real crisis is not, nor has it ever been, the debt ceiling. The crisis is the debt itself. Economic Armageddon would not have resulted from failure to raise the ceiling, but it will come because we succeeded in raising it. This outcome falls along the lines that I had forecast (See my commentary, “Don’t Be Fooled by Political Posturing” from July 9th).
Both parties are now pretending that the promised cuts in spending outweigh the increase in the debt limit. But the $900 billion in identified cuts are spread over a decade and are skewed toward the end of that period. There are an additional $1.4 trillion in cuts that the plan assumes will be identified by a...

He's Ba-aaaaaack! In April, we asked whether Bob Moriarty was now a Silver Troll, as he declared silver at a top at $31 (nice call Bob, considering silver topped at […]

Ted Butler shares the closest views on silver to The Doc as any other analyst. Butler's latest public piece: A Nervous New World examines why silver should outperform other hard […]

While Americans dump gold and silver today over the imminent debt ceiling hike agreement, our friends across the pond are busy scooping up every last ounce dumped by the American […]

Ron Paul brings out his sword of truth to slice through the BS piece of legislation that is the debt ceiling hike compromise. "If we simply returned to 2004 spending […]