Precious metals news

Bounce? Is the correction over? Its too early to tell for sure if the bottom is in, but silver is currently making its first significant bounce since its free-fall began. […]

We said earlier that it appears the cartel is intent on pile driving silver under $30. As if last Thursday's margin hike of 8%, or last Friday's after hours margin […]

"Silver Finger" - The TRUE story of Nelson Bunker Hunt A must read for those of us who fantasize about taking delivery of 40 million ounces of silver from the […]

Blythe Silver Investors The despair is palpable. We are getting close.

By Peter Schiff
I have worked on Wall Street my entire life, and one thing I've learned is that large institutional investors, like pension funds and endowments, rarely veer from the herd. They manage too much of other people's money to stick their necks out alone - if their investments go bad, at least they can point to everyone else who fared just as poorly.
For this reason, these funds are often lagging in their perception of crucial market changes - changes such as a doomed currency. While many of us are buying precious metals to hedge against the collapse of the dollar, gold and silver have been taboo investments on Wall Street for years. Fund managers are taught that gold is a "barbarous relic" - much better to stick with government bonds and blue-chip stocks. That's what everyone else is doing.
But there are early signs that the herd is changing direction.

The following article was written by Mary Anne and Pamela Aden for the May 2011 edition of Peter Schiff's Gold Letter.
To hear Fed chairman Ben Bernanke tell it in his press conference this past month, the US stock market is in the beginning stages of a moderately paced recovery. Many on Wall Street are no doubt preparing for a return to normal: buying real estate, selling bonds, taking riskier equity positions. But the price of precious metals is telling a different story.
Before you buy into this "recovery" story, look at recent stock market returns compared to gold and silver. Chart 1 shows this clearly, with the three starting at 100 in 2003.Note that the disparity started in 2005 and it's still going on. Gold and silver are far stronger than the stock market.

Jim Sinclair today stated that the current sell-off sets the foundation for $5,000 gold. Sinclair also yesterday stated that we have not yet seen the highs for silver as well. […]

Darryl Robert Schoon's latest examines the endgame of the gold and silver bull- the coming collapse of the Federal Reserve. Schoon believes that the final collapse will end over 300 […]

Silver's sell-off has continued Thursday morning, with the shorts pile driving the shiny metal down as low as $36.74. Silver is now down 24.7% since last Friday afternoon, a breathtaking […]

Tomorrow is the anniversary of last year's flash crash (5/6/10)- and the culmination of the Greek debt crisis/panic. The new True Finn leader Timo Soini is attempting to bring back […]

Initial jobless claims up to 474K on expectations of 410K. Previous revised up to 431K. Nice recovery we have in progress here. A 64K miss to expectations? The CNBC spin […]

Sad that there's more truth in a 15 year old Hollywood flick than there is on CNN and ABC.

It appears The Morgue/ HSBS closed out 5,209 short silver contracts (26 million ounces) in the week leading up to the smack-down. If JP Morgue knew a silver raid was […]

Bet He Wishes He Stayed On The Bull! As long as over $1 Quadrillion of worthless derivatives remain in the system, gold and silver corrections will be just that- […]

The cartel raid continues in the paper silver market today, with silver now under $40, selling off as low as $39.62. The propaganda machine is preaching from the bell towers […]

While his Dec 11th call for "hyperinflation in the next couple of months" appears to have been a tad early, that does not mean John Williams of ShadowStats was incorrect- […]

Perhaps Germany is finally starting to realize it will never see its gold held at the NY Fed ever again? Desperate to get their hands on some real money, senior […]

So much for yesterday's news that Eric Sprott was getting the heck out of dodge and dumping his physical silver PSLV position. Today, Sprott confirmed that all proceeds were invested […]

And the propaganda rolls on. Has anyone ever heard of Suki Cooper? We haven't either. "I think now prices are going to test where physical support comes in," said Cooper. […]

While it appears that the COMEX will be able to survive May delivery in silver, Blythe and friends may not be able to kick the can down the road much […]