Precious Metals News

GOLD PRICES sank Friday lunchtime in London, erasing the week’s earlier gains as China offered the United States an “olive branch” in trade talks, and new US jobs data blew past analyst forecasts with the strongest growth since New Year

GOLD PRICES held unchanged against a falling US Dollar in London trade Thursday, keeping a $15 gain for the week so far but taking the metal down to multi-month lows for UK investors as world stock markets rose together with longer-term interest rates.

Silver miners forced to adapt and shift focus and capital into adding gold production rather than boosting silver output

Plenty about the year ahead is unpredictable – but massive federal budget deficits and unrestrained borrowing are a certainty.

Since the Federal Reserve detached the dollar from the gold standard in 1971, the world’s central bankers – with the Fed leading the charge, have flooded the world with fiat currency to the point of diminishing its purchasing power to shadow status.

Cracks Spread in the Bullion Banks’ Price Management System Bullion.Directory precious metals analysis 18 November, 2019 By Clint Siegner Director of Money Metals Exchange Department of Justice prosecutors charged a […]

Monetary Madness Puts U.S. Dollar Holders in Jeopardy Bullion.Directory precious metals analysis 12 Novemberber, 2019 By Stefan Gleason President of Money Metals Exchange Why? Because the banking system may not […]

GOLD PRICES slipped but held on track for the highest weekly close in 6 after new data from the Bureau of Labor Statistics said the United States jobs market was stronger than analysts expected in October.

GOLD held little changed Wednesday morning ahead of the US Federal Reserve’s October decision on Dollar interest rates and QE asset purchases, trading at $1491 per ounce as world stock markets also moved sideways.

Our chosen metaphor is the three-legged stool. Take one leg away, and the stool topples. In the case of silver, the outcome is likely to be a violent price rise of epic proportions.

The wealth transfer from Main Street to Wall Street looks set to continue unchallenged. When the next bubble pops, Americans may again remember why a central bank which responds to every problem by printing vast sums and handing it to other bankers is a terrible idea.

Gold, which “just sits there” retaining value over time, looks even more compelling if the alternative is holding cash which is guaranteed to depreciate.

GOLD PRICES reclaimed last week’s closing level in Dollar terms Wednesday as tensions between Nato military alliance members the US and Turkey worsened over Syria and Iran, while new data showed US retail sales defying analyst forecasts

Telling obvious lies with a straight face is part of Powell’s job description. He hopes to maintain order even though anyone who is paying attention knows something extraordinary is going on.

An opinion poll from Donald Trump’s favored Fox News channel says the President faces strong US public backing for impeachment over allegedly asking Ukraine to investigate domestic rival Biden.

They may not call it “Quantitative Easing,” but in September Federal Reserve officials launched a massive new campaign of liquidity injections that will expand their balance sheet by hundreds of billions of dollars. This was all prompted by trouble in the overnight lending “repo” market, where a lack of liquidity caused interest rates to spike to multiples of the Fed funds rate.

One of Warren’s signature campaign promises is to impose a “wealth tax.” It would introduce a dangerous new concept into the tax code – namely that the government gets to tax not just capital gains on investments, but also the market value of investments and other household assets taken together.

GOLD PRICES regained all or most of this week’s prior loss against all major currencies on Wednesday in London, trading up to $1488 per ounce for Dollar investors as world stock markets sank following New York’s plunge on the weakest US manufacturing data in a decade.

Maybe you didn’t buy gold at $1,100, or $1,250 or $1,350. Perhaps you kept waiting for the arrival of a well-known analyst’s call of $700. (Whose tune has now changed to predicting $1,800!). What to do now?

Gold and silver investors have been watching the Department of Justice investigation of criminal price rigging at JPMorgan Chase and other bullion banks carefully…

Few investors are positioned to cope with the rising risk of war in the Middle East. Few are prepared for the prospect of persistently higher energy prices and higher inflation. Even fewer are taking steps to insulate their portfolios from future black swan events

It’s the most widely anticipated recession in history. The recession hasn’t arrived yet – and may not do so anytime soon – but the mainstream media still can’t stop talking […]

GOLD PRICES rose Monday morning as Washington and Beijing put additional tariffs on each other’s exports and new data said hedge funds increased their bullish betting on bullion to a new all-time high last week.

GOLD PRICES held on track for the highest monthly finish in 6.5 years in Dollar terms in London on Friday, heading for a $100 per ounce gain this August.

Just a few weeks ago, silver naysayers told us we’d have to wait months, or even years, before the market made a big move. Now they are eating their words! The white-hot metal surged past $18.50/oz this morning to reach its highest level in more than two years.