Precious metals news

Default will be painful, but it is all but inevitable for a country as heavily indebted as the U.S. Just as pumping money into the system to combat a recession […]

Silver futures summary for day 1 of the HKMEx trading. A total volume of 1,140 contracts (1.14 Million oz) of silver traded on day one of silver futures on the […]

Merely days after withdrawing from the Libyan bombing campaign, the Norwegian Prime Minister's office in Oslso is rocked by an explosion. Somebody strongly wishes to send a message to Norway […]

PBS has published an excellent interview with Ron Paul, and is a must see. The transcript provides several great quotes from Paul: I think age is very important, and sometimes […]

A major battle continues this morning over $1600 gold and $40 silver. Gold has now fought off the dark forces to retake $1600, and silver temporarily did as well, trading […]

Retired Anonymous writes:To all the Silver Docs: Thanks so much for your insights. I've been lurking here trying to find the answers to some questions, but haven't had much luck. […]

Citigroup Global Markets Inc. have said that if silver follows similar patterns as seen in silver’s last bull market from 1971 to 1980 than silver could double to over $100 […]

The COMEX/LBMA stranglehold on silver futures is now over. (hopefully, as former NYMEX Vice Chairman Albert Helmig is the new president of the HKMEx)Silver futures trading is now live in […]

For those haven't seen the evidence of Tuesday's blatant silver manipulation (which we expected beforehand here), where the cartel sold 250,000,000 paper ounces of silver (1/4th of Global world silver […]

The debt ceiling debate that has dominated the headlines over the past month has been thoroughly infused with a string of unfortunate misconceptions and a number of blatant deceptions. As a result, the entire process has been mostly hot air. While a recitation of all the errors would be better attempted by a novelist rather than a weekly columnist, I’ll offer my short list.
After having failed utterly to warn investors of the dangers associated with the toxic debt of entities like Enron, Fannie Mae, Freddie Mac, and AIG, as well as the perils of investing in mortgage-backed securities and sovereign debt of various bankrupt countries, the credit ratings agencies (CRAs) have now apparently decided to be more vigilant. Hence, many have offered conspicuous warnings that they may lower U.S. debt ratings if Washington fails to make progress on its fiscal imbalances. But then, just in case anyone was getting the impression that these rating agencies actually cared about fiscal prudence...

Complete Greek/Euro Bailout Statement and Summary. (Basically Greek loans extended from 7.5 years to 40 years, plus TARP for the Euro)Is it now clear to you that QE Will Continue […]

S&P has just jumped on the bandwagon with Moody's threatening a US debt downgrade to AA by August unless significant budget cuts are agreed to by Congress. We'll believe it […]

Backwardation in a commodity can be caused for 2 reasons. Either traders want out of the currency (they have no wish to receive US dollars when future contracts expire as […]

Lisa writes:I am a single, working mom who has studied history and can see very well which way the wind is blowing. I don't have much "capital" but this week […]

Jim Willie is back with a scathing attack on the deflationist knuckleheads (DK's), and an excellent fundamental silver analysis as well. SILVER TARGET OVER $100 A powerful dynamic has been […]

Dong Tao, chief regional economist at Credit Suisse said that "gold supply simply doesn't grow as fast as China's foreign reserves. Only the increase in U.S. debt can match that."Central […]

Perhaps the reason for the late afternoon vault in gold and silver back above $1600 and $40 respectively is this doozy from Philadelphia Federal Reserve President Charles Plosser, who stated […]

Well, that didn't take long. The t1/2 of cartel raids is now less than 24 hours, and rapidly approaching 0. MARKET IS OPEN(Will close in 1 hr. 7 mins.) Metals […]

Will the gold and silvertrain leave you behind? Jim Sinclair, the precious metals king, has just sent out an email to subscribers advising that as there has been no solution […]

Ron Paul tells Congress the cold hard truth.