10.09.15- A "Perfect Storm" Is Brewing in the Silver Market
Justin Spittler

The price of silver just hit a three-month high…

Silver is surging after hitting a six-year low last month. It’s climbed for six days straight, and is now up 8.7% since last Wednesday.

Louis James, editor of International Speculator, says the Federal Reserve helped fuel silver’s recent rally. The Fed’s decision to not raise rates last month gave silver a boost. And that’s because silver is both an industrial metal and a precious metal. Read More

10.08.15- Are We Seeing a Paradigm Shift in Metals
Avi Gilburt

Since 2011, it has been quite clear that the metals have been in a downtrend, while equity markets have been in an uptrend.  But, over the last several months, I have mentioned in our Trading Room that I think we may see a paradigm shift soon, as I believe that they may begin to rally together as the stock market moves up in its next rally phase over 2300.  So, I have been looking for clues that such alignment may be developing.  This past week may have provided additional clues and the upcoming two weeks may solidify this new paradigm. Read More

10.07.15- Gold is not money
Steve Saville

Gold was money in the distant past and it will probably be money in the distant future, but there is no developed economy in which gold is money today. In this post I’ll explain why.

People who argue that gold is money often confuse what should be with what is. They explain why gold-money would be vastly superior to any of today’s fiat currencies and their explanations are probably 100% correct, but they are sidestepping the issue. There is no doubt in my mind that gold is far better suited to being money than something that can be created at whim by commercial banks and central banks, but the fact is that gold is presently not money. Read More

10.06.15- Gold, Silver and Choices –
Good and Bad

Gary Christenson

A few bad choices come to mind:

1971: President Nixon refused to exchange dollars for gold subsequent to August 15, 1971.  He claimed it was "temporary" and blamed speculators.  Gold prices and inflation soared.

Mid-1990s: The Federal Reserve dramatically increased debt and the money supply and encouraged the NASDAQ "dot.com" bubble.  The bubble crashed in 2000 and destroyed $Trillions in assets and retirements.  Investors preferred stocks and bonds until after they crashed.  Gold and silver soared after 9-11. Read More

10.05.15- Gold And Silver – A Reality Check.
Michael Noonan

There are two things about which everyone need be clear:

1. The lack of clarity of the identity of the global elites, AKA Rothschilds and their ilk, who control the world’s money supply along with every government, and

2. The demise of the fiat “dollar” and failed fiat Euro are not accidental. Everything, everything is planned decades, or more, in advance by the global elitSes. They control and use upper echelon characters, like Soros, Kissinger, et al, and their primary membership organizations like Council On Foreign Relations and United Nations, among others. Read More

10.03.15- Does A Big Surge In Silver Coin Sales Worldwide Indicate A Price Hike Like 2009-2011 Is Coming?
Peter Cooper

A recent Reuters report about surging silver coin sales all over the world (click here) has precious metal investors wondering if this is not an early sign of the sort of increased physical metal demand that would surely precede another big take-off in silver prices like in 2009 to 2011 when silver rocketed from $8.50 to $49.50 an ounce, still just short of its 1980 all-time high. Read More

10.02.15- Silver Price Outlook: Bullion Shortage Could Send Prices Soaring
Peter Prazic, MA

Silver prices may be down, so you might find it hard to believe that there is a massive global shortage of physical silver.

Global silver coin markets have currently found themselves hard-pressed to keep up with surging demand, with the resulting supply squeeze even forcing some precious metal vendors to scale back and ration sale volumes. Read More

10.01.15- Mining Giant Glencore To Sell Gold & Silver Output To Pay Down Debt
Steve St. Angelo

In an ironic twist of fate, the mining conglomerate Glencore is seeking to pay down its massive debt by selling future gold and silver output.  While this is only part of its solution to pay down a third of its $30 billion in debt, it’s quite interesting that the company is selling forward production of two of the most despised monetary metals in the Mainstream Media.

According to the Bloomberg article, Glencore's next step seen as selling future gold, silver output: Read More

09.30.15- The Difference Between Gold and Debt
Gary Christenson

Simple version:  Gold is good.  Sovereign debt is bad.

The world has added approximately $60 Trillion in debt since 2007, much of it sovereign debt created from deficit spending on social programs, wars, and much more.  In that time the world has mined perhaps 30,000 tons of gold, or about 950 million ounces, worth at September 2015 prices a little more than a $Trillion.  It is easy to create debt – central banks "print" currencies by BORROWING those currencies into existence.  Debt increases, currency in circulation increases, and until it crashes, life is good for the financial and political elite.  But debt increasing 60 times more rapidly than gold indicates that debt is growing too rapidly and due for a reset. Read More

09.29.15- No logical reason left not to buy gold and silver as the Fed's bluff on interest rates is over
Peter Cooper

Investors have no logical reason left not to buy gold and silver. The Federal Reserve is clearly involved in a failing bluff on interest rates that it dare not raise because the global economy is entering a recession.

Meanwhile, gold prices have already bounced $80 off the lows of last month which was the completion of a four-year, 50 per cent retracement of the gold bull market, a classic market pattern before a big price lift-off that even a blind man can see. Read More

09.28.15- The Stealth Bull Market - Aussie Dollar Gold Just Broke Out to Multi-Month Highs
Greg Canavan

MELBOURNE — Global stocks finished the session down again overnight. European stocks fell over 2% thanks to the ongoing woes of the carmakers, while US stocks fared a little better, closing less than 0.5% lower.

If futures markets are any guide, Aussie stocks should open flat today, although my guess is that selling pressure might overwhelm the buyers as the day wears on. Read More

09.26.15- Silver: Victim of Motive, Means, and Opportunity
Gary Christenson

Silver gets little respect, but that is sensible in a world dominated by paper assets and pretend values.  Similar to a murder investigation, let's examine the motive, means and opportunity used to "manage" silver prices.

MOTIVE:  The price of silver is important to industrial users, since there are thousands of uses for silver, many of which have no alternative except silver.  If the price of silver rises too rapidly, people notice.  Worse, a price rally in silver probably will spread to the gold market, which is watched globally by banks, institutions, and people.  A rapidly rising price of gold informs the world that central banks are "printing" to excess, governments are creating too much debt, and the financial elite are mismanaging by "skimming" too much from the global economies.  A rising gold price is worrisome to many. Read More

09.25.15- A Pretty Sure Bet on Platinum
Bob Moriarty

Since just after the year 1900, platinum has held a premium to gold. First recognized as a metal by Italian scholar Julius Caesar Scaliger in 1557 during his travels in the Choco Region in Colombia, the Indians of the area believed the metal was young or undeveloped gold. There are stories of how the Spanish in Colombia used platinum nuggets as filler when casting brass cannon since they had nothing that would heat the metal to a melting point and considers the material waste. Read More

09.24.15- The Next Gold Rush
Jeff D. Opdyke

Which of these best defines your thinking during periods when it seems failure is the likely option?

  • If at first you don't succeed … cut bait and scram.
  • The race doesn't always go to the swiftest of foot but the surest of step.

Your answer will define how you react to my recommendation that you use today's low gold prices as a buying opportunity. Read More

09.23.15- Is There a Silver Shortage?
Louis Cammarosano

Is Silver Intentionally Being Drained And Diverted From The Retail System?

Retail Silver Products are in Short Supply.

Canadian Silver Maple coins, Sunshine Mint silver rounds and other popular silver products are on back order.

American Silver Eagles selling at substantial premiums over the spot price of silver. Read More

09.22.15- Gold: The End and The Beginning
Gary Christenson

Gold prices peaked in January 1996 and then fell for 3.5 years into a multi-decade low.  It was the age of stocks, debt, leverage, and good times; nobody needed or wanted gold.

Since the gold price peak in 2011 the Federal Reserve has "generously" supplied the world with trillions of dollars of newly created digital and paper debt, all backed by nothing but faith and credit.  Bonds have rallied and the S&P is higher by 50% or so.  The Japanese Central Bank has similarly produced trillions of yen, bought stocks and bonds, and extended their recession several more years. Read More

09.21.15- SILVER INVESTORS: Why The Next Financial Crisis Will Be Different
Steve St. Angelo

There’s a lot of analysis on the MSM and alternative precious metal sites forecasting how the future events will play out.  Unfortunately, 99% of MSM -Mainstream media’s take on the future is absolutely worthless.  However, many precious metal analysts are also making incorrect financial and economic forecasts, based on faulty assumptions of the future. Read More

09.19.15- Silver Forecast 2016: Major Catalysts to Spark Rally in Silver Prices
John Whitefoot, BA

Silver prices have been routed. When you look at the broader market over the last number of years, this may not be a total surprise. Precious metals like silver, gold, and platinum have a negative correlation to the stock market. When times are good, investors shun silver; when the markets are in trouble, investors turn their attention to the grey metal. Read More

09.18.15- Outrageous Silver Speculation
Gary Christenson

The silver prices shown at the end of this article are outrageous and unlikely … as unlikely as the following seemed before they happened:

  • Two jets taking down 3 buildings on 9-11.
  • Assassination of a sitting president (JFK) by an organized conspiracy.
  • Gold rallying from $42 to $850 in a little over 8 years.
  • The hyperinflation in Weimar Germany in the early 1920s.
  • Central banks printing Trillions of dollars in "funny money" since 2008 while maintaining near zero interest rates – for which they are applauded. Read More

09.17.15- Silver Shortage Brewing in 2015

View Video

09.16.15- Silver Price Forecast 2015: Silver's Route to $50 and Beyond
Hubert Moolman

Silver Price Forecast:

The Dow has been the biggest obstacle to a rise in precious metals, due to it sucking up a lot of the available value on global markets. There will be no significant silver and gold rally while we have a rallying or a "close to its high" Dow.

The Dow is up about 2.52 times from its low during the 2008/2009 crash. Based on the fact that silver has its great rallies when the Dow is weak (see here); it is no surprise that silver’s performance during roughly the same time has not been what is expected during a bull market. Silver is only up about 1.7 times from its low in October 2008. Read More

09.15.15- The Coming Silver Shortage
Ted Butler

From the very beginning of my epiphany 30 years ago about a silver price manipulation on the COMEX, was the unavoidable conclusion that if prices were artificially depressed as I believed, then at some point a physical shortage must develop. If the price of any commodity were set too low for too long a period of time, then the dynamics of the law of supply and demand would eventually crimp supply and encourage demand to such an extent that a physical shortage must develop and end the manipulation. Read More

Clive P. Maund

It looks like we are really going to see some fireworks late this coming week, right after the Fed make their much anticipated announcement about whether or not they will raise interest rates. They had better get on with it and do their miniscule rate rise this time, because if they donít and start making bleating noises again about doing it at some point in the future, their already tenuous credibility will vanish. There is a fair chance that they will do it, because although they would like to keep the stockmarket elevated, they will quite happily sacrifice the stockmarket to save what to them is much more important ñ the dollar and the Treasury market. Read More

09.12.15- Silver's Vexing Slumber
Adam Hamilton

Silver has had a rough year, slumping to major new secular lows.  After sliding on balance for years now, even the diehard silver bulls are losing faith in their metal.  But despite its vexing slumber, silver's price-appreciation potential from today's levels remains enormous.  Between radical underinvestment and very-high speculator silver-futures shorting, silver is poised to see massive buying as gold recovers. Read More

09.11.15- No Silver in the Vaults…
Greg Hunter

Silver expert David Morgan says prices of the white metal may be low, but demand is huge. Morgan explains,

"I did a survey of many of the top wholesalers and retailers in the country and came to the conclusion that the retail side of the market has basically seized up. One of the biggest mints in the U.S. is backlogged about 4 million ounces. You have two other main government mints that are basically on halt and not producing, or trying to catch up. You have huge premiums in the silver bar market and extremely high premiums in the silver bag market, or what is referred to in the industry as junk silver. Dealers are paying $5 above spot to source silver bags. What that equates to for the cost of silver is about $19.25 an ounce, and we are in the mid-$14 range for an ounce of silver. So, obviously, there is a huge demand that cannot be met with the current supply in the retail market." Read More

09.10.15- The Comex Is Facing A Gold Crisis
Dave Kranzler

Sure, you can’t eat a bar of gold and it just sits in storage like a Pet Rock that’s been cast aside by its bored owner.  But try selling the Indians or Chinese a paper gold bar and see how far you get.  You might end up with a knife in your forehead.

The stench has been growing stronger by the day.  Many of us have been writing for years about the extreme imbalance between the paper futures open interest vs. the underlying amount of gold being reported as available for delivery.   The latest disclosure from the CME is that the ratio of paper gold vs. the amount of deliverable ounces has spiked to over 200:1. Read More

09.09.15- Silver Price Forecast 2015:
Silver and Deflation

Hubert Moolman

How does silver perform during deflation? Which is better during a deflation – silver or gold? The answers will depend on quite a few things as well as what definition of deflation one uses.

If you look at monetary history, then you will find that we have moved from periods where mostly real or tangible assets like gold and silver acted as monetary claims on goods and services in the economy, to today where mostly credit or debt claims (fiat currencies like the US dollar) act as monetary claims on goods and services. Therefore, we have moved from a real asset-based monetary system to a debt-based monetary system. Read More

09.08.15- You Think Silver Premiums Are High Now?
the wealth watchman

Premiums on silver over the past weeks have exploded! Generally speaking, 10-25%+ seems to be the norm and anywhere from two – six weeks delay for delivery. We have talked about the dichotomy between silver being panic “sold” and “shortages” occurring simultaneously. In a free market, this is an impossibility.

What I’d like to do today is get you to think forward or around the corner. If premiums exist today in what has been a declining market, what will happen in a rising market? Read More

09.07.15- Holiday Replay! The Nature of Money and our Monetary System
Johnny Silver Bear

(Editors Note: One of the perks of editing "the Bear" allows me to post my own rants. I originally published The Nature of Money in August, 2004.)

As the editor of the Silver Bear Cafe, I try to focus on the ramifications of world events. I try to understand how what's going on now will affect your pocketbook next week, next month, next year. It is my sole intent to help you consider the possibilities which will, in turn, help you prepare for your financial future. Read More

09.05.15- Surmounting Threats to Our Cash, the $US and Our Freedom!

...Wall Street Shills will be in the news explaining how markets become unreasonably fearful from time to time. They will tell investors that it is time to hunt for bargains.

"In the meantime, watch your rear: There's a serious counterattack coming.

"It will be an attack on our supply lines. The cronies and the feds will attempt to cut off our finances and our line of retreat, trapping us between the anvil of the market's deflation and the hammer of the Fed's inflation. There will be no escape, no way out. Read More

09.04.15- Silver and S.M.S.
Gary Christenson

Silver prices have been crushed for over 4 years, especially in the paper futures markets.  The predictable result has been reduced interest in real money – silver and gold.  The media is more focused on Donald Trump, Caitlyn Jenner, and Hillary's emails – not the reality of exponentially increasing debt, out-of-control spending, failed economic policies, and expensive wars.

Does anyone care that silver and gold have been real money and a store of value for 3,000 years, or that all unbacked paper money has eventually been inflated into worthlessness?  While the central bankers and politicians distract the populace with Donald Trump stories, they prolong the game…and the wealth transfers. Read More

09.03.15- Gold War III: What's Next?
Jeff Nielson

In Parts I and II; readers were presented with a hypothesis, and the facts/analysis available which supported that hypothesis. The premise of this trilogy of commentaries is that there could be a "gold war" that has now erupted between East and West, and (as with most geopolitical aggression) it was started by the West – specifically the One Bank.

The (apparent) opening salvo is a massive gold-fraud (and gold theft) which, according to all reports, is about to commence in India. As previously noted; India is the world's largest repository of gold, with a massive accumulation of somewhere between 18,000 and 30,000 tonnes. The swindle is to take place as part of a "gold deposit scheme", where Indians (and India's temples) will hand over their gold to their government, in what is obviously a fraudulent transaction. Read More

09.02.15- Has Gold Been Outperforming Stock Markets In 2015?
the wealth watchman

Contrary to some current reports, gold has been performing better this year than what is being said.

This week, Your News to Know gathers up the most important news stories about the gold market and the overall economy. Stories include: Gold’s 2015 performance is better than commonly believed, gold is a great safe haven during market volatility, and millions of dollars in gold and silver are sitting under New Zealand volcanoes. Read More

09.01.15- Hyperinflation Cannot Be Prevented By Debt/Deflation
Jeff Nielson

A repetitive flaw continues to circulate throughout much of the media – mainstream and Alternative, alike. This flawed analysis contends that we are heading for a deflationary crash, and reflects a fundamental misunderstanding of economic dynamics.

This fundamental (and unforgivable) error comes from a failure to recognize the definition of deflation: it is when the currency in which a particular jurisdiction is denominated rises in value. It is with this basic fact in mind that we can now view a simple hypothetical example, which resolves the phony "inflation/deflation debate" once-and-for-all. Read More

08.31.15- Circling the toilet, or light at the end of tunnel?
Dr Jerome

Most of you, dear friends and family,  do not  comment about my economic views when we chat, but I feel compelled to speak out because most of us have funds invested somewhere. I know you care, at some level. This essay may ruin my reputation with many of you. I would prefer to be wrong, and I'll eat crow if I am, but the evidence points to economic downturn in our future. It began last Friday. Why not pour a cup of coffee and read on? In the rest of this essay I'll explain what has happened with our economy and make suggestions for what you can do about it. Read More

08.29.15- 81 Gold Quotes Every Precious Metals Investor Should Know
Peter Coyne

If you skip to “G” in The Daily Reckoning’s Essentialist’s Glossary, you’ll find:

noun \go¯ld\

A barbarous relic that went up drastically in dollar terms between 2000 and 2011. It is about the only thing you can leave on the seat of your car in Baltimore without worrying about the windows being smashed.

Gold is the everyman's way to save. It holds its value over the long term. As such, it's a hedge against the ever-falling value of the dollar. Within the hallowed pages of the DR, gold is the once and future money. Read More

08.28.25- MUST SEE CHART: Something Quite Interesting Happened In The Silver Market
Steve St. Angelo

Something quite interesting took place in the silver market and I believe few investors realize the significance.  After looking over the data, I came across some fascinating evidence that shows just how fearful individuals are about investing in the paper precious metal markets.

While analysts and investors are familiar with the data put out by the Silver Institute and World Silver Surveys, we can see an entirely different picture when we combine the figures in a certain way.  What I am trying to say here is this… by crunching the official data (even though it might be understated or manipulated) we can see very interesting trends that aren’t noticeable when looking at the individual figures. Read More

08.27.15- Gold is the ultimate protection against the Great Financial Catastrophe
Egon von Greyerz

What is currently happening in markets should be no surprise to investors who understand sound money and have been following our risk warnings in the last few years.

The world has been living in cloud cuckoo land for so long that unlimited credit at zero percent, hundreds of trillions of dollars of new credit and quadrillions in derivatives were all believed to be real money and assets and part of normality. In the last couple of days we can see how quickly euphoria changes to fear. The Dow went down over 500 points on Friday and started down over 1,000 points on Monday, the biggest one day fall ever. The Plunge Protection Team then managed to buy the Dow back up a loss of a hundred points. But they failed to hold it so the market fell almost 600 points by the close. Read More

08.26.15- Gold Facts and Gold Speculations
Gary Christenson

Gold was valuable 3,000 years ago and will be valuable 3,000 years from now.  But can you say the same for dollars, euros, yen, or pounds?

Gold maintains its value (on average) over centuries.  Can you expect similar longevity for debt based fiat currencies that are managed by politicians and created with printing presses or computers in central banks? Read More

08.25.15- The Exquisite Market Setup – Monetary Metals Supply-Demand
Keith Weiner

There is an exquisite setup building once again. Tight fundamentals in the gold market apply upwards pressure on the price. For quite a while, we have been saying gold's fundamental price was around a hundred bucks above the market price. Well, the market price moved up $46 this week. What happened to the fundamental price? You'll have to read on to see (no cheating and reading ahead!) but suffice to say it's quite a bit higher than the market. Read More

08.24.15- NWO In Its Element: Problem, Reaction, Solution. Beware.
Michael Noonan

Last week, we lamented how difficult it was to get a fix on the so many things going on in the world, and going wrong.  It occurs to us that we are all in the midst of the New World Order going about business as usual, creating Problems, and the bigger the better, then watching reactions of the masses, even governments.  The worse possible the problems, the more horrifying the Reactions  the better.  For waiting in the wings is their planned Solution, all leading toward global takeover under a one world rule, like the UN. Read More

08.22.15- Turning $1 Billion into $5 Billion
Ted Butler

Today, I will attempt to make the case for how one might go about turning one billion dollars into five billion dollars by buying silver. At first, some of my specific points might seem to be at odds with my long held argument that fully paid for positions in the actual metal at current price levels are as close to a sure thing as it gets in the investment world. But it is still my conviction that owning unencumbered and unleveraged metal is the best way to go; what's different about this article is that it is directed to any entity that can plunk down a cool billion dollars or more in buying silver. Read More

08.21.15- Did China Kick-Start A New Bull Market In Gold?
Taki Tsaklanos

Many have written about the devaluation of the Chinese currency last week, in particular its causes and consequences.

In mainstream media, most opinions are centered around the weakness of the Chinese economy  which is now growing less than 7%. Logically, they argue, China wants to stimulate exports and stabilize the currency by ‘de-pegging’ it from a strengthening dollar. Read More

08.20.15- A Flyspeck of Gold
Hugo Salinas Price

The idea of a "Dollar price of gold" is a mistaken idea, although universally shared. Just as mistaken as the idea that the Sun revolves around the Earth.

Gold is the most highly demanded of all things in this world. Every single gram of gold in the world is owned by someone - either directly as personal property, or through legal participation in Funds owning gold.

Ownership implies demand. You are exercising Demand for everything that you own: if you are not exercising Demand for something, you get rid of it; either you sell it, or give it away, or throw it away. Read More

08.19.15- The U.S. Empire Investment Strategy: Export All Of It's Gold… The Barbarous Relic
Steve St Angelo

As the world races towards another financial calamity, the U.S. Empire’s strategy to shield itself from this impending disaster, is to export all of its gold supply.  That’s correct.  The U.S. Gold Market can be explained in three simple words… ZERO SUM GAME.

This is quite a different strategy from the once great super power which held over 20,000 metric tons (mt) of official gold reserves in 1950.  While the official figures now show the U.S. presently holds 8,133  mt of gold in reserve, anyone with an IQ greater than a “10”, realizes this is just an accounting gimmick.  Unfortunately, most of that gold was probably dumped on the market (or leased) to help cap and rig the paper price lower. Read More

08.18.15- Silver Price Forecast 2015: The Coming Silver Rally Will Outperform All Previous Ones
Hubert Moolman

The Gold/Silver Ratio (GSR) is a key indicator in the analysis of the silver and gold markets. This ratio (or chart of the ratio) is probably one of the most difficult to analyse. One has to take a real close look at the ratio in order to find what actually drives the ratio up or down.

For example, from about after the end of the Second World War to the early 70s there was an economic boom with the Dow rallying significantly during those years. During the same period the GSR actually kept falling significantly until it actually bottomed in 1968. Read More

08.17.15- Gold And Silver – Market Bottoming? Big Rally Imminent? Reality Check Says NO.
Michael Noonan

The developing events over the past few months are so varied, seemingly unrelated but are all tied in, just not in a cognitive manner that makes sense, and almost all them are based upon lies by one government after another, the worst offender being the US.

We find it hard to make a cohesive explanation as to their impact.  This increasingly maze of events is mean to confuse, to deflect.  It is a key element of the elites creating problems, reactions [usually confusion or panic by the masses], and offering solutions.  Cyprus and Greece are similar examples.  The Ukrainian coup by the US, sanctions against Russia that have so badly backfired.  China an added part of the SDR, then maybe not.  The list is much longer. Read More

08.15.15- Precious Metals Offer The Most Profitable Secular Opportunity Today
Secular Investor

July was a horrible month for precious metals prices. Sentiment reached levels never seen before. As metals and the miners broke through a long term support line, so did pessimism.

To get an idea of the level of pessimism, we are including a very long term chart going back to 1992 (courtesy of Sentimentrader).

As readers can see, market sentiment in the last 2 years is worse than the bear market lows of 1998 – 2000. Read More

08.14.15- U.S. and Canadian Mint Dysfunction Snowballs as Silver Coin Premiums Rise
Clint Siegner

Lower precious metals prices on Wall Street aren't necessarily bringing lower prices on Main Street.

Both the U.S. Mint and the Royal Canadian Mint continue to run into serious issues keeping up with retail silver demand. And this week brings word of new silver supply-chain problems.

After selling out in early August, the U.S. Mint resumed deliveries of Silver American Eagles, but has since been rationing them out. Read More

08.13.15- The Coming Market Crash Will Wipe Out Global Silver Supply
Steve St Angelo

The market doesn’t realize it yet, but the coming collapse of the global stock and bond markets will totally wipe out world silver supplies.  Unfortunately, this will occur at the time when main stream investors finally understand the value of owning physical silver. 

Global Financial turmoil and low silver prices motivated experienced precious metals investors to purchase record amounts of silver.  However, the market is starting to see a huge inflow of new and first-time gold and silver buyers.  According to Money Metal Exchange, they experienced a 365% increase in first-time buyers over the past 45 day period (June 16th-July 31st). Read More

08.12.15- Bottom Scraping the Silly Season
Jesse's Café Américain

Gold and silver popped a bit today, from what can only be described as a 'deeply oversold' condition.   And weakness in the dollar index certainly was a factor, although again it is good to keep in mind that the DX index is largely outdated, and just the inverse of the Euro which is undergoing its own set of secular and systemic problems.

Bottoms and tops tend to be marked by extremes.  There are extremes in sentiment of course, and extremes in the measures by which those who feed off the productive economy seek to hand off their 'investments' to others, and to wring the last dimes out of the public. Read More

08.11.15- The 'Big Long' - Goldman Sachs And HSBC Buy 7.1 Tons Of Physical Gold
Avery Goodman

On August 6, 2015, Goldman Sachs (NYSE:GS) and HSBC (NYSE:HSBC) took delivery of a sum total of 7.1 tons of physical gold. No, I have not made any typographical errors. And no, I am not talking about electronic paper claims. I am talking about shiny yellow metal stuff that you can touch and feel.

The gold bars were not purchased for bank clients. They were purchased for the banks themselves. How do I know this? They are designated by the exchange as being for delivery to the bank's "house" accounts at COMEX, not to client accounts. Read More

08.10.15- Report: Public Demand For Precious Metals Skyrockets: "The Whole Supply Chain Could Be Cleaned Out"
Mac Slavo

Though we’ve seen a significant drop in precious metals prices over the last several years, new evidence from one of the world’s leading retail brokers further suggests that there is a massive disconnect between the paper price on global exchanges and demand by the general public.

According to a report from Money Metals Exchange, buyers were snapping up everything they could get their hands on over the last 45 days: Read More

08.08.15- The Next Silver Bull May Have Already Started
Laurynas Vegys

Silver is down 7.1% this year. Will this weakness persist? To find out, let’s look at the key factors in the silver market this year.

Like gold, silver fell as the US dollar rose on the back of expectations that the Fed will hike rates.

World demand for physical silver fell 4% in 2014, largely due to a record 19.5% drop in investment demand. Read More

08.07.15- Shanghai Silver Stocks Plummet:
More Signs Of A Global Run On Silver?

Steve St Angelo

There seems to be more evidence indicating the beginning stages of a global run on silver.  How so?  Well, ever since the middle of June, something significantly changed in the silver market.  Physical silver investment demand skyrocketed.  Why June?  This was at the time Greece was voting on whether or not to remain in the European Union.

Since the middle of June, investment demand for silver has increased considerably.  Matter-a-fact, the U.S. Mint suspended sales of the Silver Eagle for two weeks starting on July 12th.  When Silver Eagle sales resumed on July 27th, over 2.5 million were sold over the next two days. Read More

08.06.15- Will China Play The 'Gold Card'?
Hugo Salinas Price

Alasdair Macleod has posted an article at www.goldmoney.com which I think is important.

The thrust of the article is that China, at some point, will have to revalue gold in China; which means, in other words, that China will decide to devalue the Yuan against gold.

Since "mainstream economics" holds that gold is no longer important in world business, such a measure might be regarded as just an idiosyncrasy of Chinese thinking, and not politically significant, as would be a devaluation against the dollar, which is a no-no amongst the Central Bank community of the world. Read More

08.05.15- Some clear thinking about the price of gold.
Simon Black

On April 2, 2001, the price of gold closed the market trading session at $255.30.

And that was the lowest price that gold has seen ever since.

In US dollar terms, gold closed the 2001 calendar year higher than it did in 2000. Then it did the same thing again in 2002. And again in 2003.

In fact, after reaching its low in April 2001, gold closed higher for twelve consecutive years– something that had never happened before in ANY financial market with ANY asset. Read More

08.04.15- Gold – The More Hate, The More Bullish We Become
Taki Tsaklanos

After gold’s breakdown on Sunday July 20th, we have seen an avalanche of negative commentaries. Admittedly, from a chart perspective the breakdown does not bode well. We have to get that straight. The technical breakdown is going to lead the price of gold in US dollar terms towards $1,000 /oz, potentially lower. Read More

08.03.15- Gold Miners, RIP…
Bill Bonner

TORONTO – "This is the worst I've seen in 30 years."

The scene was the recent Sprott-Stansberry Natural Resource Symposium in Vancouver. The subject was mining equities. And the opinion was becoming familiar…

The price of gold is down by about 8% over the last five years. Precious metals miners, as measured by the Market Vectors Gold Miner’s ETF, are down by about 70% over the same time. Read More

08.01.15- The Case for an Explosive Surprise in The Price Of Gold
Rick Ackerman

I've been bearish on gold for so long that my successively lower targets have become almost perfunctory. Lately, I've focused on a 'Hidden Pivot' target at $817, the attainment of which would presumably wash out the last of the die-hard bulls, clearing the way for a resumption of the long-term bull market. Now, however, I am obliged to consider an alternative possibility — i.e., an explosive move without the washout.  Although I lack the imagination to envision such world-shaking news as might cause this to happen, I credit a relatively recent Rick's Picks subscriber, Michael Gibbons, with jarring me awake. Read More

07.31.15- Silver – A Century of Prices
Gary Christenson

The graph below shows 100 years of silver and crude oil prices on a log scale using the annual average of daily prices.  Example:  The price of silver peaked in 1980 at about $50 but the smoothed annual average was about $16.

Prices slowly increased until the 1970s.  After the expensive Vietnam War and the War on Poverty, President Nixon broke the connection between the dollar and gold, and the prices of silver and crude oil rose rapidly, along with debt and money in circulation. Read More

07.30.15- Gold: It's Time to Buy
Mark Nestmann

I’m what people call a “contrarian” investor. I tend to buy assets that are out of favor with the chattering classes and the talking heads on television.

And I make it a point to sell when the “man in the street” starts giving me investment tips. That happened most recently in 2011, when over a glass of Malbec at a local watering hole, I overheard two other patrons talking about the “killing” they were about to make buying gold at $1,800 an ounce. I sold all but my core position the next day. Read More

07.29.15- Supply and Demand in the Gold and Silver Futures Markets
Paul Craig Roberts and Dave Kranzler

This article establishes that the price of gold and silver in the futures markets in which cash is the predominant means of settlement is inconsistent with the conditions of supply and demand in the actual physical or current market where physical bullion is bought and sold as opposed to transactions in uncovered paper claims to bullion in the futures markets. The supply of bullion in the futures markets is increased by printing uncovered contracts representing claims to gold. This artificial, indeed fraudulent, increase in the supply of paper bullion contracts drives down the price in the futures market despite high demand for bullion in the physical market and constrained supply. We will demonstrate with economic analysis and empirical evidence that the bear market in bullion is an artificial creation. Read More

07.28.15- Gold's Two Stories: Paper Markets Collapse... While The Retail Public Buys At A Record Pace
Tyler Durden

We’ve seen some significant swings in precious metals over the last several years and if we are to believe the paper spot prices and recent value of mining shares, one would think that gold and silver are on their last leg. Last weekend precious metals took a massive hit to the downside, sending shock waves throughout the industry. But was the move really representative of what’s happening in precious metals markets around the world? Read More

07.27.15- $1.99 per pound Filet Mignon …and War!
Bill Holter

After planning to take this week off for a little rest, market gyrations have changed the plan. Initially next week I was going to pen a piece titled “Truth, Justice and no longer the American way”. This will now wait a bit.

This past Sunday night and Monday’s action in gold needs to be discussed of what I believe is now a rapidly moving big picture. $2.7 billion worth of gold futures were sold in just 2 minutes Sunday night. As I have asked before, “who” could possibly “own” this much gold other than an official source? The answer of course is nearly no one other than a very small handful of ETF’s. In perspective, $2.7 billion worth of gold is roughly 3% of global production. Said differently, it amounts to nearly 10 days worth of labor and production worldwide… sold in less than two minutes! Read More

07.24.15- Currencies Depend on Faith, Gold Doesn't
Peter Schiff

In his July 17th Blog, Let's Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the "Pet Rock" craze of the 1970's, when consumers became convinced that a rock in a box would provide continuous companionship, elevate their social standing, and give them something hip to talk about at parties. Zweig asserts that investor faith in gold, which he argues is just another inert mineral with good marketing, is similarly irrational, and has kept people from putting money in the much more lucrative stock market.  Read More

07.23.15- The Price Of Gold Gets "Curiouser And Curiouser!"
Dave Kranzler

I’m an atheist.   But if I’m wrong, God help this country.  Investment Research Dynamics

“Edward Bernays was Sigmund Freud’s nephew. He believed that the population had to be manipulated in a democracy to keep order. As I mentioned yesterday, Bernays was instrumental in getting women to smoke for his cigarette company client and to get the American people to support a CIA overthrow of a Guatemalan government that was uncooperative with United Fruit Company. Bernays uses the lowest instincts of humans and appeals to those “animal spirits” over their better judgement to influence mass viewpoints.”  This summary of the roots of modern U.S. propaganda techniques was sent to me by Jay Taylor, LINKRead More

07.22.15- The Collapse Of The U.S. Retirement Market & Epic Rise In The Price Of Gold
Steve St Angelo

The once great U.S. Empire is now in big trouble.  Cracks are beginning to appear in the once great American Dream as the country’s economic and financial systems are on the verge of an epic collapse.  Unfortunately, its citizens will be the last to know as they have totally  lost the ability to distinguish between “Illusionary” and “Real” wealth.

With the recent take-down in the price of gold, many precious metals investors have become worried once again that they may have invested in a DEADBEAT ASSET. Read More

07.21.15- Sunday Night Massacre II - and the Upcoming Guaranteed Physical Shortages
Andrew Hoffman

Here at Miles Franklin, we do not “recommend” anything, but simply tell the truth as we see it – which, manipulation or not, must eventually be reflected in financial (and physical gold and silver) markets. That said, the “short-term,” in a world amidst the most hideous, blatant episode of money printing, market manipulation, and propaganda, has turned out to be far less “short” than imagined – care of the unprecedented advancement of “weapons of mass financial destruction,” far beyond anything imagined during previous bubbles. Read More

07.20.15- Gold And Silver – Without Either, You Will Be Greeced.
Michael Noonan

Step back for a moment and absorb what just transpired in the ongoing Greek tragedy that refuses to go away.  Greece, with no possibility of ever repaying its fictitious debts to the EU, and the EU, in all of its greed and avarice, for no wisdom is to be found within that body of elite-pushing bureaucrats, it determined that the best and ONLY solution for debt-laden Greece was to LOAN MORE “MONEY.”

Need anything more be said about what is going on in European politics? Read More

07.18.15- Texas Launches Gold-backed Bank, Challenging Federal Reserve
Alex Newman

The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas. Read More

07.17.15- Debt is the barbarous relic. Not gold.
Simon Black

"The first form of culture," wrote historian Will Durant, "is agriculture."

And he was right. When human beings discovered 10,000 years ago that the soil would provide more food than they could possibly eat, this changed everything.

For the first time ever, early humans could actually work WITH nature and reliably control their food production. Read More

07.16.15- Gold and the Silver stand-off: Demarketing and Deep Value
Paul Mylchreest

The demarketing (in the 1971 Harvard Business Review, Kotler and Levy defined demarketing as "discouraging customers in general or a certain class of customers in particular on either a temporary or a permanent basis." This is normally done when there is a shortage of supply or desire to promote other products) of gold may be close to running its course as it seems that sellers of paper gold instruments are attempting to induce one more sell-off to fully cover their diminishing short positions. Indeed, signs are emerging that the long Nikkei/short gold trade, which has done so much damage to gold's price, is becoming problematic. Read More

07.15.15- Silver Pretty, Silver Ugly
Gary Christenson

The big picture in simple terms:

  • US national debt is huge, ugly, unpayable, and accelerating higher.

  • Silver Eagles are pretty and are priced low.

  • Silver prices will increase erratically, driven higher by a devalued dollar, along with increasing debt.

  • Silver is currently at the low end of the silver to national debt ratio.

  • Silver is currently at an 81 month cycle low. Read More

07.14.15- JP Morgan And Citi Are Using OTC Derivatives To Manipulate Gold And Silver
Dave Kranzler

This scheme too will blow up in their face just like Long Term Capital, Enron, Bear Stearns, Lehman, AIG/Goldman. The taxpayers will be bailing out the banks – and now we know why Citigroup wrote the legislation that enabled banks to move their OTC derivatives positions to their FDIC insured units – but gold and silver will go parabolic.

Financial regulators around the world have recognized an immediate and pressing need to address possible regulatory protections in the OTC derivatives market. Read More

07.13.15- Gold's Redheaded Stepchild is Stumbling Back
Chris Campbell

The blood, as you can see out there, is beginning to leak into the streets…

Perfect timing, I say, to unload some of these Federal Reserve notes I've been saving up. So with the "Benny Bernank" on my mind yesterday, that's what I did. I traded in some of my flimsy green slips for one of my favorite investments.

I'll get to what I bought in a moment. Read More

07.11.15- Major Buyers Continue To Stockpile Silver As U.S. Silver Imports Surge In April
Steve St Angelo

As the situation in the global financial system deteriorates, large U.S. buyers continue to stockpile silver.

How do I know this? Well, according to the most recently released USGS data, U.S. silver imports surged even higher in April. Total U.S. silver imports in the first four months of the year are up a stunning 505 metric tons (2,035 mt) compared to the same period last year (1,530 mt). How much? Let's look at the chart below: Read More

07.10.15- Are Big Banks Using Derivatives To Suppress Bullion Prices?
Paul Craig Roberts and Dave Kranzler

We have explained on a number of occasions how the Federal Reserves' agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts ("naked shorts") on the Comex (gold futures market) in order to drive down an otherwise rising price of gold. By dumping so many uncovered short contracts into the futures market, an artificial increase in "paper gold" is created, and this increase in supply drives down the price. Read More

07.09.15- Gold and Silver Spot Prices Increasingly Detached from Reality
Clint Siegner

An insolvent Greece has defaulted. On June 30th, officials missed repayment of billions in lMF loans and declared a banking holiday. Predictably, many Greek citizens responded to the crisis and bought gold coins. So did a lot of people here in the U.S. and around the world. You just wouldn't know it by looking at spot prices.

The regular disconnect between the futures markets, where spot prices are set, and the physical markets reveals a growing problem. Read More

07.08.15- Gold And Silver Are Paper-Slammed – Is The System Collapsing?
Dave Kranzler

When a thoroughly corrupt Government wants to try and hide something from the public, they exert an all-out effort to mis-direct and cover-up.  The financial markets are no different.  It’s been obvious to anyone with one good eye and one brain cell that the puppet-masters behind the Wall Street/DC “curtain” have been propping up the Dow/S&P 500 and exerting forcefull downward pressure on the price of gold and silver.  Why gold and silver?  Because gold and silver, for 5,000 years, have been the world’s “alarm system” alerting everyone when something is terribly wrong. Read More

07.07.15- Gold Up & S&P Down?
Gary Christenson

Consider this 25 year graph of the ratio of gold to S&P 500 Index.  Unless you believe, AS I DON'T, that the Fed can levitate the S&P for many more years while squashing gold even further, this 25 year chart shows that gold is currently very low compared to the S&P. Read More

07.06.15- Financial System "Will Implode" … "Hold Precious Metals" – Faber
Tyler Durden

The highly regarded editor of the Gloom, Doom and Boom report, Dr. Marc Faber has warned that "the whole financial system will one day implode".

Speaking on CNBC's Squawk Box, he likened the global economy to the Titanic.

Dr. Faber believes that arguing over which assets are best in the current environment is akin to re-arranging deck chairs on the ill-fated Titanic. Only last month, Stephen King – chief economist with HSBC – made the same analogy. Read More

07.04.15- Gold Bullion Dealer Unexpectedly "Suspends Operations" Due To "Significant Transactional Delays"
Tyler Durden

What makes the current sovereign default episode different from previous ones is the uncanny stability and lack of buying of "fiat remote" assets such as gold and silver, and to a lesser extent, digital currency such as bitcoin. Indeed, all throughout the Greek pre-default escalation and ultimately, sovereign bankruptcy to the IMF, it seemed as if there was an absolute aversion to the peak of Exter's inverted pyramid. Read More

Gold Prices Headed Higher; Scrutiny at Suppliers Says So
Moe Zulfiqar BAS

Don't pay attention to the current gold prices. Think long-term when looking at the precious metal. As it stands, the fundamentals are improving. This will eventually reflect in prices.

I am paying extra attention to the supply side.

Gold Mining Companies Falling Victim to Low Prices

You see, when the prices are low, the producers struggle by facing severe scrutiny. Read More

07.02.15- Gold And Silver – Monthly, Quarterly Ending Analysis
Michael Noonan

While not many pay any attention to these two larger time frames, especially the Quarterly, both are more controlling and receive greater attention from smart money players. These time frames are not at all used for market timing, but they do show the dominance of a trend. It also takes considerably more effort to effect changes on either or both. There is no need to reference any news events because current events cannot alter the established trends, and the collective current events of the past several years have done nothing to change the trend. We take that back.  For the last year, while the overall trend has been down, price has been relatively neutral in the sense of moving sideways instead of lower. Read More

07.01.15- Silver About to Turn More Volatile
Gary Christenson

Silver has moved sideways for about nine months, after it moved sideways from a slightly higher level for about 14 months.  Boring!

The big events in the past 5 years have been:

  • August 2010: Silver began a huge move from under $18 to nearly $50.
  • April 2011: Silver hit a 30 year high just under $50.00.
  • May 2011: Silver crashed to about $34.  HFT left fingerprints at the scene.
  • January 2013: Silver dropped below $30. Read More

06.30.15- Gold price standoff despite confluence of positives
Lawrence Williams

FUNCHAL – The gold price has been trading in an extremely narrow range for the past few days, despite a number of seemingly positive pieces of news. It certainly seems that those who do not wish the price to rise back even to the $1,200 level or above have the markets firmly under control. But it also appears that those who do not wish to see further falls are maybe helping prices stabilise too. In other words there is something of a standoff.

So what are the positive pieces of news? Read More

06.29.15- Whiskey and Silver
Dave Gonigam

Now this is energy efficiency: Scotland might one day run its power grid using the waste from whiskey-making.

The Scottish newspaper The National informs us a firm called Celtic Renewables has just won a grant of 10,000 euros from the European Association for Bioindustries.

Celtic Renewables," the paper reports, "produces environmentally and commercially sustainable 'drop-in' advanced biofuel (biobutanol) from the 2 billion liters of liquid effluent and 750,000 tonnes of barley residue produced annually by the 4 billion [British pound] malt whisky industry. Read More

06.27.15- The Silver Short Bubble
Turd Ferguson

The final open interest numbers for yesterday are in and they are truly remarkable. Gold, which declined by $7, saw its OI rise by over 11,000 contracts to 430,978. This is the highest Comex gold OI since late March. Since yesterday was a CoT survey day, there’s no doubt in my mind that this week’s report will show another substantial and bullish improvement in the gold CoT structure. Why? For the Wed-Tue “CoT week”, gold was down $5 but total Comex OI ROSE by over 15,000 contracts with 2/3 of the rise coming Fri-Tue when price was declining by over $25. That’s A LOT of fresh Spec shorting in gold and it will likely move the gold CoT to a bullish structure not seen since the early November lows last year. Read More

06.26.15- China to launch yuan-denominated gold fix this year
A. Ananthalakshmi

The Shanghai Gold Exchange will launch a yuan-denominated gold fix by the end of the year, a bourse official said on Thursday, in a move aimed at giving China more influence over the pricing of the precious metal.

"We will be introducing a renminbi-denominated fix at the right moment, we are hoping to introduce by the end of the year," Shen Gang, vice president of the Shanghai Gold Exchange said at the LBMA Bullion Market Forum in Shanghai. Read More

06.25.15- Comex Silver Is The Most Corrupted Market In History
Dave Kranzler

The silver paper futures open interest is now officially over a 1 billion ozs., most of which represents a naked short position in silver.   Never in the history of the markets has any futures market been this extraordinarily disconnected from the amount of underlying physical commodity that is available to deliver against those contract open interest.

The only conclusion that can be drawn is that the Fed, Treasury and big banks are implementing the most extreme market manipulation exercise ever witnessed.  I shudder to think about what catastrophe is coming at us that they know about but we don’t – yet. Read More

06.24.15- Gold in the Age of Soaring Debt
Frank E. Holmes

Ever wonder how much gold has ever been exhumed in the history of the world? The GFMS Gold Survey estimates that the total amount is approximately 183,600 tonnes, or 5.9 billion ounces. If we take that figure and multiply it by the closing price on June 16, $1,181 per ounce, we find that the value of all gold comes within a nugget’s throw of $7 trillion.

This is an unfathomably large amount, to be sure, yet it pales in comparison to total global debt. Read More

06.23.15- The Ultimate Confirmation
Theodore Butler

I've embraced one central theme for the past 30 years – that the price of silver has been manipulated lower on the COMEX. For a good part of those three decades I've exerted an intense effort in analyzing the actual supply/demand fundamentals of silver, including production/consumption trends and the resultant annual balance between the two, inventories, investment demand, etc. Those fundamentals indicate that the price of silver must increase dramatically in the future, making the manipulation both the cause and explanation for the continued low price. Read More

06.22.15- GOLD: Will This Summer's Rally Mark A Cyclical Turning Point?
Taki Tsaklanos

It was another volatile week in the markets. The interest rate decision by the U.S. Fed on Wednesday was a non-event with no change in the Fed’s monetary policy. The market reacted with a spike in stocks, bonds, and precious metals, while the U.S. dollar took a dive. Also, the unfolding drama in Greece spooked markets and metals; stock markets are nervous while metals mostly get bids each time the Greek crisis flares up.

We focus on gold’s seasonality in this column and what it could mean for gold’s secular trend. Read More

06.20.15- This smart play on silver may help investors outperform gold
Myra P. Saefong

Silver has a better track record than gold, so far this year

The waiting is the hardest part. But that may be the best approach to investing in gold's sister metal: silver.

On its face, silver seems like a screaming buy, right now. But there may be reasons for traders and investors to exercise patience in scooping up so-called poor man's gold, according to one analyst. Read More

06.19.15- 150,000 Cigarettes or 3,275 Ounces of Silver
Gary Christenson

Suppose on January 1, 1995, over 20 years ago, you quit smoking one pack per day and BOUGHT SILVER INSTEAD…


  • One pack of cigs per day at their average price each month over those 20 years in the United States.
  • Instead of buying cigs, you purchased silver once per month on the last day of the month with the savings. Read More

06.18.15- The Fed's Fatal Flaw: Gold And The Predictable Endgame
Thad Beversdorf

So last week a very savvy investor asked me my view (h/t Simon Popple) on – When and what will break the chains on gold by those seemingly omnipotent forces that so assuredly keep its price in check? In essence, the belief is (and I expect for most honest and impartial analysts this is true) that because there is potentially significant downside risk to a global monetary system built upon a currency to which gold represents the proverbial kryptonite (we’ll discuss why), there are checks in place within the system, to ensure that kryptonite doesn’t become too potent. The architects of the existing system would have been foolish not to implement checks on gold. Read More

06.17.15- Gold Versus The Status Quo
Gary Christenson

Gold has been a store of value for 1000s of years.  You can't purchase gasoline with gold but it has no counter-party risk and is valued world-wide.

In contrast, paper and digital dollars, euros, pounds and yen are debt based fiat currencies backed only by the faith and credit of the governments and central banks which issued them.  Devaluation and higher consumer prices are all but guaranteed. Read More

06.16.15- Capped – The Iron Heel
Jesse's Café Américain

“We discover that the fortunes realized by our manufacturers are no longer solely the reward of sturdy industry and enlightened foresight, but that they result from the discriminating favor of the Government and are largely built upon undue exactions from the masses of our people.

The gulf between employers and the employed is constantly widening, and classes are rapidly forming, one comprising the very rich and powerful, while in another are found the toiling poor. Read More

06.15.15- Silver Manipulation May Be The Most Extreme In History
Dave Kranzler

Much has been made in this commentary of the soaring silver open interest, which ought to be unprecedented in commodity market history.  – Bill “Midas” Murphy, co-founder and Chairman of GATA

The open interest in Comex silver hit another new all-time high yesterday.  As of Wednesday’s final open interest report, the open interest in silver was 189.7k contracts. This is the highest the open interest has been based on data I have going back to April 2005.Read More

06.13.15- Little-Known Facts About Silver: The Ultimate Infographic
Eric Sepanek

Silver, whose chemical symbol is Ag, is one of the most versatile elements we know. It has the highest electrical conductivity of any element and the highest thermal conductivity of any metal. Silver occurs in pure form, as an alloy with other metals or in minerals. The white, shiny metal has been long valued as a precious metal, thus used for silver coins, bullion, bars, ornaments, jewelry, and tableware. Read More

06.12.15- Unlocking Some Secrets To China's Silver Demand
Dave Kranzler

"It looks like China is trying to get its hands on all the silver it can find."

The fact that I could not find any statistics on silver bullion imports suggests that silver imports and exports are like gold – a State secret in China.  – Jeff Brown, Shadow of Truth

Jeff Brown of 44days.net – "Reflections in Sinoland – Reporting From the Belly of the New Century Beast" – is our "eyes and ears" on the ground in Beijing.  For us at the Shadow of Truth, he is an invaluable resource for digging up and analyzing what is happening "on the ground" in China. Read More

06.11.15- Gold Bashers – Just For You!
Gary Christenson

There is no shortage of negative commentary on gold and silver.  A quick google search will produce such headlines as:

"Gold is the Worst Investment in History"

"Gold – Bad Investment:  3 Reasons Why I Don't Buy Bullion"

"Seven Reasons to Hate Gold as an Investment"

"Gold Was a Horrible Investment from 1500 to 1965"

"Gold Has Been a Bad Investment for Many Years" Read More

06.10.15- We Are(nt) "the World"!
Bill Holter

It is obvious to anyone with eyes to see, "power" is shifting from West to East.  China is the leader, the epicenter of the East and of course they are the ones "hoovering" up the lion’s share (along with India)of global gold production.  The map to the right was sent to me by a friend,

I guess I already knew this but what a stark shock to actually see it! Read More

06.09.15- Six Silver Questions and Perspectives
Dr. Jeff Lewis

The next time you find yourself contemplating, worrying, or wondering with anxiety whether it's too simple to be true; it is not simple – it's exceedingly complicated.

Not because the fundamentals are all that hard to understand. And not because in principle it is sound personal action in any time period.

But it is complicated because we've spent so many years off the rails of sound economic principles that we don't recognize them when we see them. Read More

06.08.15- Gold And Silver – Too Many Are Still Getting It Wrong.
Michael Noonan

Americans labor under the misguided belief that they have freedom, and by extension, freedom of choice.  This simply is not true.  Corporations are dictating more and more how Americans live, what to think, what to eat, and more.  Google is a perfect example of what was once a superior search engine-turned-government-tool-for-propaganda.  Searches have been sanitized to provide only that information the corporate federal government wants you to know, and no more. Read More

06.06.15- Radical Gold Underinvestment
Adam Hamilton

Gold remains deeply out of favor thanks to global central banks' extreme money printing. This fueled a global stock-market levitation that has temporarily short-circuited normal market cycles, leaving investors infatuated with stocks to the exclusion of prudent portfolio diversification. This has left them radically underinvested in gold, which sets the stage for massive mean-reversion buying when they inevitably return. Read More

06.05.15- The Next Great Bull Market: Gold $25,000
Avi Gilburt

Suppose someone approached you in the year 2000, when the price of gold was around $250 an ounce and suggested that it would be worth almost eight times its current value within the next decade. I am sure most people would have thought that person to be less than credible making such an outrageous market call. Think about it. An asset being expected to multiply by eightfold within a decade? But as we all know now, gold went from $250 an ounce to just over $1,900 an ounce in just that amount of time. Read More

06.04.15- These Three Factors Suggest Gold Will Reach $5,000 by 2020
Moe Zulfiqar

Gold will go to $5,000 by 2020.

This prediction may sound absurd right now, when gold is trading at $1,200, but there are a few factors at play that could send the precious metal prices skyrocketing even before then.

The top three factors that have the ability to send gold prices past their all-time highs are as follows: Read More

06.03.15- Asking the Wrong Questions
Gary Christenson

We often hear (the wrong) questions such as:

  • What did politicians know about that scandal?
  • Will the stock market rally another year?
  • Did politicians lie to the American public about ObamaCare?
  • If we elect a new president/prime minister/governor will life improve for the average person?
  • Is the NSA spying on us?
  • Why has my cost of living increased so much? Read More

06.02.15- 7 things to consider when buying precious metals
Stefan Gleason

Making the decision to diversify your wealth into precious metals comes with an array of options to choose from, here's what you need to know.

Diversifying your wealth into precious metals is one of the most important financial decisions you can make. It's also important to carefully consider what types of precious metals to own amid the array of options. Read More

06.01.15- "Wrestling with Something Else": Why this Gold Bear Market Is Different
Frank Holmes

Earlier this month, I had the pleasure to appear on Jim Puplava’s Financial Sense Newshour radio program and discuss the state of the gold market. Along with my peers John Doody of the Gold Stock Analyst and Ross Hansen of Northwest Territorial Mint, I shared my thoughts on how we arrived in the current bear market, what factors might help us get out of it and the role real interest rates play in prices. Read More

05.30.15- Gold prices to rise next week despite strong US dollar
M Rochan

London (May 30)  Gold prices are set to rise next week, according to several analysts, as the precious metal has managed to hold above its near-term resistance despite a stronger US dollar.

In a busy week for economic data, analysts will be watching for the yellow metal's reaction to the ECB interest rate decision on 3 June, the BoE rate decision on 4 June, and US employment data due out on 5 June. Read More

05.29.15- Hedge Funds Have Taken a Shine to Silver
Dave in Denver

Silver prices have remained stuck at historical lows for the past three years, but hedge funds have decided now is the time to pile in.

Last week, hedge funds snapped up silver at the fastest pace since 1997, increasing their net long position to a three-month high according to data from Bank of America Merrill Lynch.

Large speculators increased their net long position to $4.4 billion as of May 19, up from $2.4 billion in the previous week, according to the bank's research. Read More

05.28.15- Curiouser and Curiouser
Theodore Butler

What's so curious is that just as the silver (and gold) COMEX price manipulation becomes more blatant and easier to prove, those being damaged the most by it, silver producers, are nowhere to be found; even though there is much they could do to end the damage inflicted on shareholders by artificially depressed prices. Let me explain how the price manipulation is becoming more obvious and then what mining companies can do about it. Read More

05.27.15- How the Banksters Fired Every Bullet they Had to Take Down an Arch-Enemy and FAILED!
The Wealth Watchman

Going Mainstream

As 2015 passes by (good grief, is it nearly half over?), increasingly more folks are beginning to understand just how big the problem of market rigging by large banks truly is. The cancer of intervention and bankster rigging continues to go mainstream.  Case in point: several days ago, the Bloomberg headline of half a dozen banks pleading guilty of conspiring to rig world currency markets raised alot of eyebrows. Read More

05.26.15- "Suicidal Credit-Based Money System"
Gary Christenson

Bill Bonner wrote a hypothetical college graduation speech which he did not present.  What he would have said included:

"You are heirs to claptrap, nonsense, bogus theories, and trillions of dollars in debt. 

The systems, programs, and institutions your parents set up are mostly worthless scams. Worse, they produce outcomes contrary to their stated goals.

Welfare programs do not help people escape poverty; they keep them mired in it.

Health care programs do not make them healthy; they make them dependent on the drug industry. Read More

05.25.15- What You Know for Certain: Huge Demand for Gold And Silver
Michael Noonan

If there is any certainty in the world, [and there is very little], it is that the demand for gold and silver is at its highest and has been running at a fevered pitch for several years.   From John Keats “Ode On A Grecian Urn,”  “…that is all ye know on earth, and all ye need to know.” Anything else stems from subjective conclusions drawn from lying politicians, no matter the source or government.   They all lie under the aegis of political diplomacy.  For Obama and his entire administration there is very little diplomacy, so mostly just lies. Read More

05.23.15- Ray Dalio: These Are The Only Reasons To NOT Own Gold – Your News To Know
Birch Gold Group

The 30th richest person in America reveals what he believes are the only TWO reasons to not own gold. His answer may surprise you.

This week, Your News to Know returns with the latest news about gold and the state of the economy. Stories this week include: Billionaire Ray Dalio explains why you should own gold, the latest WGC analysis resurrects China as world’s top gold consumer, and Germany is experiencing a gold rush. Read More

05.22.15- The Precious Metal Favored During A Financial Crisis Isn't Gold
Steve St Angelo

Many of the top precious metal analysts state that gold is the premium asset and insurance hedge during a financial collapse.  We hear this time and time again.  However, if we look at the data during the near collapse of the U.S. Banking and financial system in 2008, gold wasn’t the most sought after precious metal.

Before the failure of Bear Stearns, Lehman Brothers, Merrill Lynch and AIG (2008), physical gold and silver investment was minimal.  For example, in 2007 total physical gold investment was 438 metric tons (mt) while investors purchased 1,605 mt of silver.  This translates to 14 million oz (Moz) of physical gold investment versus 51 Moz of silver. Read More

05.21.15- Chinese Gold Standard Would Need a Rate 50 Times Bullion's Price
Nicholas Larkin and Eddie Van Der Walt

A move to a gold standard in China would require an exchange rate of as much as $64,000 an ounce, 50 times bullion's price now, according to Bloomberg Intelligence.

A traditional gold standard, in which the precious metal backs the currency, is basically impossible at current prices due to the amount of metal needed and there's no evidence the sixth-biggest bullion holder will adopt one, Bloomberg Intelligence said in reports published Wednesday. Any attempt probably would involve new technologies and depend on the ratio of what is backed, it said.  Read More

05.20.15- Fund Manager: Next BIG Gold & Silver Move Has Begun!
Dave Kranzler

I hod my accounts with Sprott and as you know they are super bullish on silver. You have written a couple articles about silver with a positive outlook yourself. I still see the forces who is in control of the prices as too powerful, look what happened yesterday. The ability to drive prices down within one trading (below 17) and extremely negative corresponding move in the mining shares. Its hard to see how silver can be fairly traded in the current system. If you are a producer, you are completely helpless, their fate lies in the goodwill of a view entities who can destroy the business if it suits them.  Read More

05.19.15- Money vs Currency - Hidden Secrets Of Money
Mike Maloney

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05.18.15- Silver Buying Only Starting
Adam Hamilton

Silver has enjoyed a fantastic week, awakening from its bottoming slumber to surge with gold.  And this strong silver investment demand is likely only starting.  American stock traders and futures speculators control two of the world's largest pools of capital active in the silver market.

And the former group still remains woefully underinvested in silver, while the latter still has massive short positions left to cover. Read More

05.16.15- Peter Schiff, more bullish than ever,
sees gold headed to $5,000 an oz.

Myra P. Saefong

Despite a ho-hum performance year to date for gold, Peter Schiff, chief executive officer at Euro Pacific Capital, is still betting on gold's eventual climb to $5,000 an ounce.

Schiff's persistent call is more than 300% higher than the Thursday's settlement at $1,225.20 an ounce on Comex, which marked the highest close for the yellow metal since mid-February. Read More

05.15.15- Gold Prices to Shoot Higher Due to These Three Factors
Moe Zulfiqar

Gold acts as a great hedge against uncertainty. With this in mind, I see at least three factors that can spook investors this year and send gold prices skyrocketing in a short time span.

Gold Prices to Jump Higher as Bonds Sell-off Continues

Over the past few months, bonds markets across the globe have faced severe headwinds. Please look at the chart of yields on the 30-year U.S. bonds below. Read More

05.14.15- The Great Silver Debate
Bill Holter

Over the last weeks, a great debate has erupted regarding silver.  More to the point, Ted Butler claims JP Morgan has accumulated at least 350 million physical ounces.  Some pooh pooh this and say it is not possible while others who may believe it are scared witless because they are afraid Morgan will dump the metal and destroy the silver price. Read More

05.13.15- Silver Bullion Buying Outstripping Supply As JP Morgan ($JPM) Buys
Mark O'Byrne

  • Silver one of most undervalued assets in world today
  • Fundamentals for silver market very strong
  • Total demand for silver outweighed supply by almost 22% last year
  • Industrial demand set to surge as solar energy projects are expanded
  • Artificially low prices have forced some mines out of business which may lead to a supply crunch
  • Smart money including JP Morgan acquiring silver
  • Silver to outperform assets including gold Read More

05.12.15- The Biggest Silver Haul In History
Ted Butler

As I've mention previously JPMorgan is still stopping (taking) silver deliveries in its own house account. In the May COMEX futures contract, they've taken over three million ounces so far. It still looks like JPM will take another million ounces or so before the delivery period is over. This is in addition to the 7.5 million ounces the bank took in the March delivery period. Read More

05.11.15- Gold Prices In 2020? Debt Drives Gold and Stocks
Gary Christenson

US National Debt:  We know the progression of debt – it increases, or it increases rapidly.  Since 1913 the official US national debt has increased about 9% per year – every year.  Has the economy increased 9% per year?  Of course not!  And that is why, in truly simple terms, prices rise.  The same is largely true in the UK, Europe, and Japan.  It is the same old story throughout the history of other fiat currency experiments. Read More

05.09.15- Waiting for the Start of Something Big
Jeffrey Nichols

We've said it before, but its worth repeating:  A reassessment of U.S. economic prospects – and revised financial-market expectations of prospective Fed policy – sometime in the next few months could support a spring-summer recovery in the price of gold, lifting the yellow metal up and out of its recent trading range.  

Until that happens, gold prices will likely remain "range-bound" in the short term, perhaps through midyear or longer, trading mostly between a floor price of $1,175 and a ceiling around $1,225. Read More

05.08.15- Buy Silver or You Will Die!
Jeff Clark

It’s the news everyone dreads - a call from the hospital. And it’s about one of the most important people in the world…

Your mother.

[Every ALL-CAPS ITEM below contains silver or is required in its use.]

You hear the nurse talking urgently through your TELEPHONE and you realize it’s serious… Read More

05.07.15- Controlling copper and silver prices
Alasdair Macleod

There is an unwarranted assumption that market prices are always right, and represent "fair value". In the case of commodities, particularly metals, this is not necessarily true, because regulated financial markets make it too easy for government agencies and large banks to game the system.

Take the case of a country like China, which is the largest consumer of copper. Does it passively buy its copper through the market? No. Instead it strikes a price with a supplier, such as a Zambian copper mine, based on the London market price, bypassing the market entirely. If China plays no part in setting the reference price in London, the Zambians can be satisfied the price is fair; but if China or her agents suppressed the price of copper in the market before the price is set, the Zambians would be right to be upset. Read More

05.06.15- Silver: Wedge Pattern Forming?
Dave in Denver

Silver has continued to consolidate its position, within a very tight trading range, since experiencing a strong selloff a week ago. Despite the bearish pressure,silver has managed to close through some limited resistance at 16.220 and it now appears in the early stages of forming a rising wedge. Considering that the highs are getting higher, it might be time for Silver to retrace some of the gains it lost over the past few days. Read More

05.05.15- Why Central Banks Hate Physical, Love "Earmarked" Gold, And What Is The Difference
Tyler Durden

Several days ago we showed the dramatic conclusion [15] of what happened to Czechoslovakia's gold which had been placed at the Bank of England for safekeeping days after Germany annexed the central European republic ahead of the start of World War II. We hate the spoil the punchline for those who haven't read the post yet [15], but here it is: it was gone; it was all gone. Read More

05.04.15- In Three To Five Years Gold Will Be Priceless
Chris Vermeulen

Over the next few years as debt, currencies and countries start to fall apart individuals will be looking to place their money where it will hold its value and buying power during times of extreme uncertainty.

If you eliminate fiat currencies which are created out of this air and are nothing more than a credit we are left with precious metals and stones. As much as we have evolved over time, we could be valuing things like gold, silver, platinum, and precious stones more so than our currency. Read More

05.02.15- Weekend Rant: Silver Massacre 4 Years Later: Our Current Silver "SitRep"
Wealth Watchman

Keeping our Eyes on the Prize

I remember very well, where I was on this day, 4 years ago.  I was flying high throughout the entire month of April. I'd just started a new job, but on May 1st, 2011, like many of you, I was glued to the computer screen all day long, with a gut-wrenching feeling in the pit of my stomach.  Because, 4 years ago today…..Blythe Masters and Jamie Dimon, along with various agents of the US government, began a carpet bombing of silver that lasted nearly a whole business week.  Instead of having a pathetic pity party today though, I'm going to do something veeeeeery different! Read More

05.01.15- Why is There No "Upside Cartel" against COMEX and LBMA?
Dave in Denver

For a little foundation work let's look at COMEX silver inventories.  They claim to have 63 million ounces available for delivery, adding in the eligible category we see a total of 175 million ounces.  At current prices, it would only require $1 billion to claim the entire registered category and only $2.8 billion to wipe out all inventory.  I am using silver here because the numbers illustrate how small this market really is and how easily the inventory could be cleaned out.  Were we to look at their gold inventory, only $10 billion would do the trick! Read More

04.30.15- Silver Demand to Blow Sky High in Paper Panic!
Dr. Jeffrey Lewis

Excepting short term price performance, physical silver is often referred to as either the 'good news metal' or the 'bad news metal'.

It's the 'bad news' metal because, like gold, in times of a currency crisis it behaves more like a hedge against currency debasement or as a monetary asset.

In times of real economic growth, demand for physical silver expands alongside the modern industrial complex, or among 'good news'. Read More

04.29.15- Rock-Paper-Silver
Gary Christenson

The old game is Rock-Paper-Scissors in which rock breaks (wins against) scissors, scissors cuts (wins against) paper, paper covers (wins against) rock.  The game is balanced with wins, losses, and draws.

The new version is Rock-Paper-Silver and the definitions and rules have changed. Read More

04.28.15- Gold really does matter in "polite company"!
Bill Holter

Every once in a while it is good to go back to basics. We have looked at the topic of whether gold even matters several times in the past. Charles Hugh Smith undertook the exercise of "re hypothecation" process last week and can be read here. He ends this article with a common sense question that asks "if gold is such a useless relic then why don't they just charge the public for tours to see the gold in Ft. Knox? What's the danger?". Actor after actor has been paraded forth to tell the public. “gold is a useless and barbaric relic”. Read More

04.27.15- Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?
Michael Snyder

Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver?  Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver.  Clearly, someone over at JP Morgan is convinced that physical silver is a great investment.  But in recent times, the price of silver has actually fallen quite a bit.  As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. Read More

04.25.15- Gold will be priceless sooner than you think
Chris Vermeulen

Over the next few years as debt, currencies and countries start to fall apart, individuals will be looking to place their money where it will hold its value and buying power during times of extreme uncertainty.

If you eliminate fiat currencies which are created out of this air and are nothing more than a credit we are left with precious metals and stones. As much as we have evolved over time, we could be valuing things like gold, silver, platinum, and precious stones more so than our currency. Read More

04.24.15- Gold, the SDR and BRICS
Alasdair Macleod

Last Monday there was a meeting in Washington hosted by the Official Monetary and Financial Institutions Forum (OMFIF) to discuss the future relationship, if any, of gold with the Special Drawing Rights[1] (SDR). Also on the agenda was the inclusion of the Chinese renminbi, which seems certain to be included in the SDR basket in this year's revision, assuming that the United States doesn't try to block it.

This is not the first time the subject has come up. OMFIF's chairman, Lord Desai wrote a paper about it after the last Washington meeting on gold and the SDR exactly four years ago. The inclusion of the renminbi in the SDR was rejected in 2010 because of inadequate liquidity and is due to be reconsidered this year. Read More

04.23.15- Platinum: The Best Buy in the Metals Sector
Karim Rahemtulla

Precious metals are often misunderstood in the investment world.

Most consider the three big metals – silver, gold, and platinum – interchangeable, since they tend to rise and fall as a group.

But these metals are not created equal…

Of the three, platinum is the rarest and most valuable. Yet trying to convince investors to buy platinum is like pulling teeth. Everyone wants to stick with the more familiar metals – gold and silver. Read More

04.23.15- Gold Is Near an All-Time Inflation-Adjusted Low
Jeff Clark

If you’re someone who’s skeptical of government-reported numbers, you’ll find the following chart confirms your suspicions. And if you’re someone who’s attracted to value, you’ll love the chart.

There is a lot of criticism of the government’s CPI number simply because it doesn’t really seem to reflect what the average person experiences. Even with gas prices in decline, other segments of our society have seen prices accelerate. Healthcare and college costs are two biggies, rising far more than the current 0.2% reading. And many food items have scary trajectories—ground beef has more than doubled since 2010. Read More

04.22.15- Big day in Gold: Russia buys more; China may reveal; India buys too
Investment Watch

Russia Returns to Gold With Biggest Purchases in Six Months

After a two-month hiatus, Russia's appetite for buying gold is back.

The nation increased foreign reserves of bullion to 39.8 million ounces, or about 1,238 metric tons, as of April 1, compared with 38.8 million ounces a month earlier, the central bank said on its website Monday. The 30-ton purchase was the most since September.

Russia, the fifth-biggest holder of the metal, returned to buying gold after taking a break in January and February. The country, which bought gold through the last nine months of 2014, made the purchases to diversify foreign reserves and solve issues related to ruble liquidity, central bank Governor Elvira Nabiullina said in February. Read More

04.21.15- The Rise of the Paper Machines
Gary Christenson

Since 2011 the financial markets have been dominated by rises in paper markets and declines in commodity markets.

Group One Paper Examples:  T-Bonds, US Dollar Index, S&P 500 Index

Group Two Commodity Examples:  Crude Oil, Sugar, Wheat, Gold, Silver

Group One markets are "paper" markets in fiat debt, fiat currency, and paper equities.  They are heavily influenced by "money printing," Quantitative Easing, High-Frequency-Trading, futures, central banks, and political agendas. Read More

04.20.15- The U.S. Gold Market: Completely Insane
Steve St Angelo

When it comes to investing in gold, for the most part, the U.S. Gold Market is completely insane.  I am not blaming Americans, as they have been totally brainwashed by the U.S. Treasury and Federal Reserve into believing that gold is something you wear, not invest in.

This is certainly proven by the data shown in the chart below.  These figures come from the World Gold Council Full Year Demand Trends Reports, and while it may be true that the data is manipulated or incomplete, it’s the best we can go by.  And I believe it gives us a pretty good idea of the insanity taking place in the good ole US of A. Read More

04.18.15- Gold, Silver, Yen & S&P Correlation
Gary Christenson

Last week Craig Hemke (aka Turd Ferguson at tfmetalsreport.com) published an interesting and intelligent article about the post 2011 relationship between the Yen, Gold, and the S&P.  Some quotes from his article:

"…the price of gold is now largely determined solely by fluctuations in the yen." 

"So, if you're baffled why 'fundamentals don't seem to matter', it's because fundamentals don't matter.  There are very few human traders of size left and the computers control everything.  In this environment, arcane notions such as supply/demand and company fundamentals are insignificant.  The primary driver to these 'markets' are changes to the USDJPY.  Control that and you control everything else." Read More

04.17.15- What Is Really Driving Gold?
Taki Tsaklanos

If anything, gold bulls are continuously looking to confirm their bullish outlook. Most precious metals websites are filled with stories, news and developments from the gold market, accompanied by the implication that they will drive the gold price up. Examples of this include gold coin sales, Shanghai gold withdrawals, central bank buying volumes, evidence of market manipulation, money printing volumes, velocity of money, etc. Read More

04.16.15- $5,000 Silver?
Bill Holter

A catchy title this “$5,000 Silver?” don’t you think?  Am I crazy?  Is this even possible?  In who’s lifetime? Ours or our great, great grandchildren long after we are dead and buried?  The best way to look at this I believe is to briefly look at silver’s big brother gold and then postulate whether it’s possible or not.

To begin, let’s look at what happened in 1980 and why gold traded up to $875 in the first place.  As Jim Sinclair has said many times, gold “moved in a manner to cover the value of foreign held debt of the U.S.”.  He has also said “$50,000 gold is possible and it may turn out that this figure is far too low”. Read More

04.15.15- Silver and Gold Will Thrive Beyond Exponential Growth of Debt
Gary Christenson

Consider a few HYPOTHETICAL examples of what we accept as normal:

  • GDP (gross domestic profit) grew by 2.1% this past year.
  • The US National Debt increased by over 9% this past year.
  • Sales at XYZ Corporation increased by 27% year-over-year.
  • Spending on prescription medications increased by 22% this year.
  • Population increased by 2.3% globally.
  • Media spending to elect another presidential candidate increased 30% compared to 2012.
  • Automobile miles driven globally increased by 10% this year.

Read More

04.14.15- Stacking Silver = Simple Solution
Gary Christenson

Look at our financial world over 30 years from 30 miles high – the BIG PERSPECTIVE.

  • Global debt exceeds $200 Trillion and is increasing rapidly. It will not be repaid at current value, and in the unlikely chance it is repaid, those future dollars, euros, yen, whatever will have been deeply devalued.  Debt created to fund current consumption, instead of productive investment, is dangerous.  Excessive debt is deadly. Read More

04.13.15- The Coming Gold Rush: There's A Lot Less Gold In The World
Steve St Angelo

The Western U.S. Dollar based monetary system is headed for a train wreck.  This isn’t a matter of IF, it’s a matter of WHEN.  Investors lulled to sleep by the low paper price of gold are losing out on the best buying opportunity of a lifetime.  The precious metals will be one of the best insurance policies to own when the U.S. Dollar finally catches on fire and burns down the entire system.

There are several gold theories circulating around the alternative media on how the global financial situation will play out going forward.  While it’s impossible to really know how events will turn out in the future, there are some theories that I can guarantee, WILL NOT TAKE PLACE.Read More

04.11.15- Gold And Silver – Nothing Of Substance Going On. Fiat "Dollar" Controlling?
Michael Noonan

There is little going on in the precious metals markets that indicates directional movement to the upside, and not even much to the downside.  The news is as disjointed but permeated with sameness as ever before.  To try to make sense of nonsense remains in the theater of the absurd.  All we have to offer are the current read of charts, and they are an extension of what they have been like for the last several weeks.

A look at the fiat faux “dollar” chart, the antithesis of gold, may offer the best clue as to why PMs remain mired in the trading range reaches within their protracted down trends. Read More

04.10.15- Darryl's New Prediction, Dollars and Sense Shows 97 & 98
Darryl Robert Schoon

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04.09.15- An Unavoidable Comparison
Theodore Butler

A rare event occurred this past week; the CFTC charged a major food company, Kraft, Inc., with price manipulation in the wheat market. You can count on one or two hands the number of times the federal commodities regulator has charged anyone with price manipulation in its 40 year history.

For what it's worth, the agency's case looks convincingly laid out and seems to contain all the elements of proving price manipulation, including intent and the ability to control prices. That said, the Commission has a very poor record of prevailing in the manipulation cases it has brought. Read More

04.08.15- We've Never Seen This Before In The Gold Market
Tyler Durden

It might prove to be a one-off. But one group in the gold industry this week forged ahead with a unique strategy - which might just change the market.

The group is India’s largest jewellery-maker, Rajesh Exports. Which said that it is taking an unusual step in securing gold supply for its operations.

Buying gold mines. Read More

04.07.15- Mad Rush Out of Paper Assets Coming "The Data to Prove It!"
Steve St Angelo

Most investors are in serious trouble as the majority have their net worth tied up in paper assets in one form or another.  While paper assets were a safe place to store wealth in the past, the future will not be so kind.  Why?  The most important factor that drives the U.S. and global markets will no longer allow economic expansion.

A financial system based on paper assets, extreme leverage and debt require economic expansion to be sustainable.  Thus, the majority of investors do not realize they have sunk their wealth into a CAPITAL SINK.  A sink that will only drain in one direction–DOWN. Read More

04.06.15- Gold, CA Water Wars, and the State of the Global Economy
Rick Rule

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04.04.15- Silver Fortunes
Scott Wright

The Spaniards of centuries past controlled the world’s elite maritime fleet.  And this fleet’s colonization of the Americas is well-documented.  The Spanish Crown would have told you their primary mission was to convert the indigenous people to Catholicism.  But in reality it was trade and a craving for all things exotic that ultimately supported this campaign.

And perhaps the one thing that the Spaniards couldn’t get enough of was silver.  In Mexico and Peru in particular they found hoards of this shiny-white metal.  And via both conquest and discovery they quickly gained control of the world’s silver trade. Read More

04.03.15- Cash is trash? Why the stars may be aligning for gold

A series of recent reports and comments from public figures all point towards gold’s continued dominance as a time-tested store of value. Can anything beat it over the long term?

Conventional wisdom suggests a strong dollar is bad for the price of gold. So given the dollar’s current relative strength against other currencies, we should expect the price of gold to fall, right? Not so fast, says a new report from the World Gold Council (WGC). Read More

04.02.15- Banking Cartels' Real Enemy: Physical Silver Investment Demand
Steve St Angelo

While gold is a main focus of the Central Bank market rigging apparatus, physical silver investment demand is their real enemy. The reason is simple. Central Banks have gold in their vaults to dump on the market (or to lease) to control the price, but they have very little if any silver for this purpose.

We must remember, Gold and Silver go hand in hand. If one is controlled, so must the other. If the price of silver got out of hand and skyrocketed higher, for whatever reason, it would impact the price of gold as well. Read More

04.01.15- US dollar influence on gold prices likely to diminish amid huge demand from emerging markets
Jerin Mathew

The US dollar's inverse relationship with gold has changed dramatically over the past decades and is likely to shift further as demand moves East and the world moves to a multicurrency system, according to the World Gold Council.

The organisation responsible for the development of the gold industry said in a report that gold prices are driven by multiple interconnected factors, and the US centric explanations about gold prices are risky for investors. Read More

03.31.15- Gold Near Steady as Stronger U.S. Dollar Limits Buying Interest
Jim Wyckoff

London (Mar 31)  Gold prices trading not far from unchanged levels in early U.S. dealings Tuesday. A good rebound in the U.S. dollar index early this week is keeping the precious metals bulls on the defensive. Lower crude oil prices are also an underlying negative for the precious metals Tuesday morning. April Comex gold was last up $1.00 at $1,185.80 an ounce. May Comex silver was last down $0.014 at $16.66 an ounce. Read More

03.30.15- Gold to Fuel Silver Upleg
Adam Hamilton

Silver reversed sharply higher over the past week or so, surging dramatically.  This was just after it had successfully retested major secular lows, ramping the odds this strong buying is the vanguard of a long-overdue major new upleg.

As usual, silver's coming gains will be fueled by gold's own advance.

As the yellow metal mean reverts higher initially on heavy futures short covering, capital will flock back to silver. Read More

03.28.15- Gold & Silver Stocks Will Rise Again!
Gary Christenson

The XAU is an index of gold and silver stocks.  It has been hammered hard since the gold and silver peaks in 2011.

The XAU bottomed in November 2014 below 62 at a 14 year low, down approximately 73% from its 2011 high at approximately 230.  As of Friday March 20 it closed at 69.27.

I suspect that most investors gave up – long ago – on gold, silver and their stocks.  Good!  The upcoming multi-year rally will be a surprise and should move the XAU index beyond the 2011 highs. Read More

03.27.15- Gold's relationship with the U.S. dollar is about to change
Myra P. Saefong

SAN FRANCISCO (MarketWatch) — The gold market's moving to Asia and the metal's relationship with the U.S. dollar will never be the same.

In a report released Thursday, the World Gold Council said gold's GCJ5, +0.63% relationship with the dollar DXY, +0.12% is "complex," as MarketWatch similarly observed in an article published Monday. It also said that relationship is set to "diminish" as the market shifts to Asia. Read More

03.26.15- Our Dollar Crisis Deepens:
More Nations Turn Their Back On Our Currency

Filip Karinja

In recent history, for as long as the U.S. dollar has reigned as the global reserve currency, countries have traditionally paid for goods in trade by converting their currency into the dollar. Thus there has usually been a huge (but artificial) demand for the greenback.

But in recent years, we’ve started to see the tide turn. The BRICS – along with a handful of other developed and developing economies – have opted to settle foreign transactions through bilateral trade agreements. Sometimes they’ve even opted to pay for each other’s goods with gold. Read More

03.25.15- Interest Rates and the Future of Gold
Jeffrey Nichols

From day to day and week to week, short-run fluctuations in the price of gold have, of late, been driven almost entirely by expectations of prospective Federal Reserve monetary policies, particularly with respect to short-term interest rates. 

In turn, these expectations have been driven by the flow of economic data and the somewhat opaque and contradictory comments by one or another Federal Reserve official. Read More

03.24.15- Washington Just Dipped Into Retirement Savings To Fund Itself
Filip Karinja

Desperate for cash in order to maintain its spend-happy ways, or Government just set this dangerous precedent.

You know things are getting bad when your government begins to stick its hand into retirement accounts just so that it can remain solvent for a few more months. Read More

03.23.15- China's AIIB Spells "Dollar" Demise, Not Clear For PMs.
Michael Noonan

The Asian Infrastructure Investment Bank [AIIB].   What is it?  Yet another political disaster for the Obama administration as it leaves a wide swath of blunder after blunder in massively failed efforts to keep US allies from aligning with China’s newest anti-US, anti- fiat Federal Reserve “dollar, AIIB.  It will not just compete with the World Bank, a US- dominated financial entity, the AIIB will logically replace the World Bank in its own Asian sphere of influence. Read More

03.21.15- Silver Poised to Surge
Adam Hamilton

Silver is scraping major support again, after a rough couple months where speculators left it for dead. But today's brutal lows and extreme universal bearishness are the perfect breeding ground for silver's next big rally. Investors are very underexposed, while speculators have big short positions that will have to be covered. So as gold reverses decisively and paves the way, capital is going to flood back into silver.

Silver's great allure today when it is down and out is hard for most to understand. That's because most traders mistakenly make linear assumptions in a nonlinear world. They expect today's market conditions to persist indefinitely. But that's not the way markets work, they are forever cyclical. The best times to buy low before later selling high are when assets are universally despised and trading at super-low prices. Read More

03.20.15- The Titanic Sinks At Dawn
Gary Christenson

What Titanic?  The RMS Titanic, or any of the following:

A titanic quantity of derivatives – say 1,000 Trillion dollars. A derivative crash was at the center of the 2008 market meltdown.  It could happen again since there is now more debt, leverage, and risk than in 2008.

A titanic accumulation of debt – global debt is approximately $200 Trillion. Global population is about 7,000,000,000 so there is about $28,000 in debt per living human being.  If global debt were backed by all the gold mined in the history of the world, an ounce of gold would back $36,000 in debt.  Gold currently sells for less than $1,200.  Gold is undervalued and there is an excess of debt. Read More

03.19.15- Why Aren't These Investors Worried About The Gold Price?
Jeff Clark

Have you noticed that some gold investors don’t seem very concerned about the current behavior of gold?

While the price remains weak and range-bound, some gold investors don’t seem worried about it at all.

The natural reaction to an asset you own losing a third of its value, with seemingly little motivation to move higher, is cheerless and maybe even depressing. So why aren’t they? Read More

03.18.15- Short-Term Bounce but Danger Looming
Jordan Roy-Byrne, CMT

The precious metals sector is oversold and due for a bounce. Miners and metals have endured severe declines in recent weeks and are likely to rebound from the 2014 lows. The miners are just starting to rebound and the metals should follow. However, until proven otherwise this appears to be an oversold bounce that could last only a few weeks. Potential danger lies ahead before a sustained turnaround. Read More

03.17.15- Why the U.S. is Letting China Accumulate Gold
Jim Rickards

Editor's Note: Jim Rickards has published a third book entitled "The Big Drop: How to Grow Your Wealth During the Coming Collapse." It's available exclusively for readers of his monthly investment letter called Strategic Intelligence. Before you read today's essay, please click here to see why it's the resource every investor should have if they're concerned about the future of the dollar.]

A lot of people think about gold as a percentage of a country's total reserves. They are surprised to learn that the United States has 70 percent of its reserves in gold. Meanwhile, China only has about 1 percent of its reserves in gold. People look at that and think that's an imbalance. But those are not very meaningful figures in my view. Read More

03.16.15- When Will PMs Rally? Not In 2015.
Michael Noonan

If one addresses what is going on between China and the IMF, while keeping an eye on the Federal Reserve’s fiat debt instrument, incorrectly called the “dollar,” then the likelihood of a significant rally in gold and silver may not develop this year.  Those believing the fiat “dollar” is on its currency deathbed and about to implode to its true intrinsic worth, zero, are not paying enough attention to realize that the elite’s are still in control while in the process of merely switching horses: to China from the US. Read More


03.14.15- On the Silver Highway
Dr. Jeffrey Lewis

I'll fly a starship across the Universe divide
And when I reach the other side
I'll find a place to rest my spirit if I can
Perhaps I may become a highwayman again
Or I may simply be a single drop of rain
But I will remain
And I'll be back again, and again and again and again and again.

- The Highwayman Read More

03.13.15- Will the Shanghai Fix fix the gold market?
Michael J. Kosares

John Maynard Keynes once remarked that "A debtor nation does not love its creditor, and it is fruitless to expect feelings of good will." In the case of the financial arrangement between China and the West including the United States, I might add that the opposite is also true, particularly when that creditor thinks its debtor might be in over its head.  Each, though, has learned to live with the other in this complicated and intricate web of debt and money, interlocking national balance sheets and intertwined commercial interests we call the international markets.  To not do so is to act against one's own national interest. Read More

03.12.15- Why You Should Listen to This Man About Gold
Jeff Clark

Would you like your advice from someone who has been successful or from someone who's failed? I'd prefer to hear from a winner.

Now that the gold market has been mauled by a bear, we can sort out the pretenders from the contenders in the mining industry. After all, there's nothing like a major down cycle to reveal which companies are run by people who know how to prepare for bad weather.

The price of gold has fallen more than a third since August 2011, crushing the prices of gold stocks... but not all of them. Read More

03.11.15- JP Morgan's Giant Silver Fraud
Dave Kranzler

In order to figure out what the elitists are going to do next in order to loot wealth from our system, all you have to do is think like a criminal.  – Dave Kranzler, circa 2004

The Comex open interest for  May silver (the current “front month”  contract for Comex silver) is 535.6 million ounces.  The current amount of ‘registered” silver – silver that has been designated as available to be delivered – is 68.8 million ounces (LINK).   The amount of paper silver for just May is thus 7.78x greater than the amount of physical silver available for delivery.   In other words, for every ounce of physical silver held in Comex silver vaults that has been declared available for delivery, there are 7.78 ounces of paper silver issued. Read More

03.10.15- The new London gold fix and China
Alasdair Macleod

This month the physical gold market will undergo radical change when the four London fixing banks hand over the twice-daily fix to the International Commodity Exchange's trading platform on 20th March.

From 1st April the Financial Conduct Authority will extend its powers from regulating the participants to regulating the fix as well. This will transfer price control away from the bullion banks allowing direct access to the fixing process for all direct participants and sponsored clients. Read More

03.09.15- Critical Reason to Own Silver: Shown In This Chart
Steve St Angelo

There’s many good reasons to own silver.  However, one of the most important is shown in the chart below.  Investors don’t realize the huge problems facing the U.S. and world going forward.  While some more enlightened investors understand the upcoming calamity due to our highly leveraged debt-based fiat monetary system, most have no idea just how bad things will get in the future.

This goes way beyond protecting ones wealth with precious metals in a collapsing fiat monetary system.  When the fiat monetary system disintegrates, so will the JUST IN TIME SUPPLY CHAIN SYSTEM in which we most certainly depend on for our goods and services. Read More

03.07.15- Legal Tender Coins Shed Clues On Bullion Racket, Part I
Jeff Nielson

One of the "mysteries" of our modern (i.e. fraudulent) precious metals markets is explaining the face-value of our gold and silver minted coins, meaning relating their nominal price to their actual value. The face-value on U.S./Canadian silver 1-oz coins is $5, and the face-value for our 1-oz gold coins is $50. For those investors (including this analyst) who began using precious metals as a vehicle for wealth-protection at a relatively late date; the face-value of these coins seems totally arbitrary. Read More

03.06.15- Apple Major New Gold Buyer – Propel Gold Higher?
Mark O'Byrne

  • There is a major new buyer in the gold market – Apple
  • New Apple watch could use up to one third of total annual gold supply
  • Apple expects to sell one million gold watches per month
  • Each watch to use up to two ounces of gold
  • May have enormous ramifications for gold market and propel prices higher

Read More

03.05.15- McEwen sticks to US$5,000 gold forecast
Dave Kranzler

Rob McEwen is sticking to his guns.

Despite the poor performance of the gold price the last two years, and predictions from numerous experts (including Goldman Sachs) that it will drop further, the famous gold entrepreneur maintains his long-held belief that bullion will head north instead — perhaps to US$5,000 an ounce.

"I think we're at a turning point," the chief executive of McEwen Mining Inc. told investors in a luncheon presentation. Read More

03.04.15- Could Apple Buy a Third of the World's Gold?
Frank Holmes

Is there anything Apple can't do?

First it revolutionized the personal computing business. Then, with the launch of the iPod in 2001, it forced the music industry to change its tune. Against initial market reservations, the company succeeded at making Star Trek-like tablets hip when it released the iPad in 2010. And in Q1 2015, a record 75 million units of its now-ubiquitous iPhone were sold around the globe. The smartphone's operating system, iOS, currently controls a jaw-dropping 89-percent share of all systems worldwide, pushing the second-place OS, Google's Android, down to 11 percent from 30 percent just a year ago. Read More

02.03.15- Major Factor for Qwning Gold: The Collapse Of Gold's EROI
Steve St Angelo

The world is heading towards an economic and financial collapse of epic proportions.  Individuals who are currently invested in this system fall into two categories.  We have the overwhelming majority invested in paper-digital assets and a fraction of the populace holding physical assets such as the precious metals.

Currently, the financial system favors those invested in PAPER & DIGITS, while it punishes the precious metal enthusiast.  Of course, this is only for a short time period, but it seems like an eternity since gold and silver hit their highs in 2011 Read More

03.02.15- What Top Hedge Fund Managers Really Think About Gold
Jeff Clark

In the January BIG GOLD, I interviewed a plethora of experts on their views about gold for this year. The issue was so popular that we decided to republish a portion of the edition here.

Given their level of success, these fund managers are worth listening to: James Rickards, Chris Martenson, Steve Henningsen, Grant Williams, and Brent Johnson. Some questions are the same, while others were tailored to their particular expertise. Read More

02.28.15- Weekend Rant: The Legacy of A Silver Stacker
The Wealth Watchman:

What is the most important factor any stacker needs to consider?

I have spent a great part of the last 4 years learning the lessons of this world.  Lessons like how the world is ruled by pathological, arrogant individuals that have no mercy and no qualms about crushing you under their heel fiscally for their benefit.

As I had last written previously here, I really didn't come looking for trouble, but was merely searching for a way to get myself out of the financial predicament that I had allowed myself to get into. Finding these things out has altered my destiny forever. Read More

02.27.15- Silver Forecast 2015 And Beyond
Pierce Wellington

Recently I authored an article whereby using technical analysis, I uncovered a potential Silver price target of $300.00 an ounce. Since then I've been asked to investigate and support how Silver may get to such a lofty price…and or do I believe it's even possible?

Here are some of the facts and fundamentals I've found regarding Silver: Read More

02.26.15- Gold and Debt: Astonishing Comparisons
Gary Christenson

Debt and budgets in the trillions of dollars and euros are difficult to comprehend.  The US budget is nearly $4 Trillion per year while the US official national debt exceeds $18 Trillion.  A single large bank may hold contracts for more than $50 Trillion in derivative contracts.  Global debt is approximately $200 Trillion.

Let's relate those numbers to gold prices, gold mined each year, and gold mined throughout history. Read More

02.25.15- Gold: The Good, Bad, and Truly Ugly
Gary Christenson

The Gold Standard:  Although it may be unrealistically optimistic, I believe my paraphrase of a Churchill quote:

"Central Bankers will eventually do the right thing and return to a gold standard after they have exhausted all other alternatives."

While central bankers are exhausting all other alternatives, I worry about the collateral damage to 90% of the population who are not first in line on the fiat money gravy train that benefits the financial and political elite. Read More

02.24.15- A New Way to Hold Gold (2015 Update)
Adam Taggart

What if you could carry and exchange gold in the exact same manner as you do with the dollar bills in your wallet?

Last year, we introduced the precious metals community to a company called Valaurum, which has developed a technology that's making this possible.

Here's the write-up from last year: Read More

02.23.15- Banker's Grip On PMs Not Over
Michael Noonan

To leave the EU or not to leave the EU, that is the question?  Pick any hour, and you will have an answer that is good until the next hour passes.  While there have been cheers and encouragement for what the newly elected Syriza party has been telling the EU, that no more debt enslavement will work for Greek citizens, it could very well turn out that Greece’s Prime Minister Alexis Tsipras and his Minister of Finance Yanis Varoufakis are waiting for the best deal for themselves before ensuring that Greek citizens remain so enslaved.  It is extremely difficult to fight the elite’s system and win. Read More

02.21.15- 2015 global gold supply deficit could be substantial
Lawrie Williams

Returning to the latest World Gold Council (WGC)/GFMS Gold Demand Trends report, which puts mainland Chinese 2014 consumer demand at a mere 814 tonnes  together with the Shanghai Gold Exchange (SGE) overall withdrawal figures (around 2,100 tonnes) – assuming both to be in essence correct, but looking at different parameters – the difference is explained in the Gold Demand Trends report as due to gold purchases by commercial banks, which it doesn't include in its statistical calculations – see Chinese gold demand discrepancy explained?  Read More

02.20.15- The Year OF The Goat?
Bill Holter

There are many financial and geopolitical eventsall coming together, culminating or beginning within the next couple of weeks.  The two most notable are what will happen in Greece and Ukraine. There have also been many other clues pointing to some sort of event coming to pass.  In southern drawl, you might say “somethin’s fixin’ to break”.

We have previously covered Greece and how it’s exit or default could affect Europe, the West, derivatives and ultimately the global financial system.  Read More

02.19.15- This chart shows Grexit would send gold price to $2,000
Frik Els

There could be lightning bolts from Mount Olympus yet

Back in May of 2012 (when gold was trading north of $1,600 an ounce) Bloomberg reported on how a Greek exit from the Eurozone may play out based on synthesized scenarios from 21 economists, analysts and academics.

The wargaming suggested Greece may have only 46 hours – Friday's close in the New York to Monday's market open in New Zealand – to pull off any sort of non-chaotic departure: Read More

02.18.15- Silver and Gold: Why Now?
Gary Christenson

My very simple perspective is this:  In round numbers the US government debt increased by about $1,000,000,000,000 ($1 Trillion) in the single year between October 1, 2013 and October 1, 2014.  Government revenue plus borrowed money were spent on the military, social security, Medicare and so much more.  But that money is gone and producing NO future revenue, unlike debt that purchases a business which generates income to service the debt.. Read More

02.17.15- A Remarkable Proposition
Ted Butler

A remarkable new paper by a Cornell law professor and CFTC staff counsel suggests that many aspects of high frequency computer trading (HFT) may be, in fact, illegal under various provisions of basic commodity law. Heretofore, it was generally assumed that HFT was legal, but disabused and impacted markets in disruptive manner on occasion. Many, like myself, never looked on HFT favorably, but few have tried to make the legal case against it. The author, Gregory Scopino, writes in his personal capacity and not on behalf of the CFTC. Not a short or easy read (at 90 pages), I feel Scopino makes a well-researched case and even offers answers to questions asked of me by readers, such as definitions for commodity terms and the like. Please take the time to scan the document. Read More

02.16.15- Silver's Ready To Run
Adam Hamilton

Silver looks to be on the verge of a major new upleg, finally emerging from the past couple years’ ugly sentiment wasteland. This beleaguered precious metal recently bottomed as futures speculators threw in the towel on their extreme shorting. And while investors’ ongoing silver stealth buying continues, it’s been modest. So there is vast room for capital inflows to accelerate dramatically as gold mean reverts higher. Read More

02.14.15- Silver Will Be The Best Performing Asset Of 2015
Dave Kranzler

Silver has carved out a cyclical bottom formation and appears to in a solid uptrend.  There is massive physical demand supporting this move.  For the last three-plus years, the precious metals market has been in a trading pattern in which you were supposed to sell the rallies.  Now silver – and the rest of the sector – appears to be in a pattern in which all dips should be bought/accumulated. Read More

02.13.15- The Palladium Bull Cometh
Nick Hodge

Palladium is poised for a sustained bull run.

Platinum and palladium are both used as catalysts in vehicle emissions control devices — catalytic converters.

They create a reaction that oxidizes or reduces toxic pollutants in exhaust, namely poisonous gases nitrogen oxide and carbon monoxide. They're interchangeable with each other as the main catalyst in the converters. Read More

02.12.15- This is the first time I've seen this 'buy' signal for gold since 2009
Dominic Frisby

This is only the fourth 'buy' signal we have had in ten years.

I'm excited to say that I've just had a long-term buy signal on gold.

It's the first such signal I've had since 2009.

And today, I'm going to tell you about it… Read More

02.11.15- We Are Close To A Point Where COMEX Price Manipulation Will Become Ineffective
Ted Butler

Readers will undoubtedly remember how gold tumbled last Friday on the unemployment report in the U.S. The headlines in mainstream media attributed gold’s decline to the jobs report, as for instance  Gold Declines to Three-Week Low on U.S. Payrolls Data via Bloomberg. The price of gold lost more than 2 pct just minutes after the unemployment report came out. The first chart below shows the astonishing rate of decline on the hourly chart. Read More

02.10.15- Silver and Gold Truth Versus Fiat Lies
Gary Christenson

What do loss of confidence, loss of faith in financial systems, and pervasive lies have to do with gold and silver? The answer begins with: Gold is far more truthful money – central banks can't print it or create it from "thin air." Dollars, euros, yen and others are fiat currency units based on confidence and debt (not assets) and are supported by government mandates that these pieces of colored paper and computerized digits shall be accepted as money. Read More

02.09.15- Gold And Silver: Have You Felt "Manipulated?"
Avi Gilburt

The one thing that the metals have done best for the last 3 years is keeping most investors on the wrong side of the trade.  After over three years of this frustrating market action, I am sure those bullishly inclined are worn to the nub. I am also sure you have completely run out of patience.  I would not be surprised if you have even yelled at your charts, screen, or investment account at one time or another due to the market action in the metals over the last three years. Read More

02.07.15- Forget The News. Silver 12 – 14?
Gold 1,000 – 1,100?

Michael Noonan

How are all them facts and figures about gold/silver accumulation by China, Russia, India, et al, shortages at the COMEX, LMBA for delivery of the [non-existent]physical metal, drainage of GLD, unprecedented public demand for coins, accompanied by pretty graphs and charts, working out?

Question – where are the results of all, and we mean all of the above considerations, and more?  Have these factors [and they are legitimate], driven the price of gold and silver to unprecedented levels?  If not unprecedented levels, have they driven the price of gold and silver to $1,400 and $25?  If not, why not? Read More

02.06.15- The Great Silver Heist
Johnny Silver Bear

(A Note from your Editor: One of the perks of editing "the Bear" allows me to post my own rants. I originally published The Great Silver Heist in November, 2004. It seems like a revisit is in order. The "Darkside" has many facets. It is not just one bank that is screwing up the world, although J.P. Morgan is certainly doing its share. Recently, Max Keiser initiated a global campaign to "Crash J.P. Morgan". We are very much "on board" with this sentiment. But it is much more than one bank that is responsible for the grossly suppressed price of both silver and gold. Precious metals are not like other commodities. For years the price of both gold and silver were pegged to the dollar. An ounce of silver was worth one dollar, and an ounce of gold was worth twenty dollars. These prices were mandated by the government, not the free market. Now, inversely, the value of the dollar is pegged to the price of gold and silver. The value of the metals hasn't changed, the value of the dollar has tanked, and continues to do so. Consequently, the Sheeple have yet to pick up on this realization. Hopefully, by re-posting the following essay, we can wake a few more up. - JSB) Read More

02.05.15- The Nature of Money and our Monetary System
Johnny Silver Bear

As the editor of the Silver Bear Cafe, I try to focus on the ramifications of world events. I try to understand how what's going on now will affect your pocketbook next week, next month, next year. It is my sole intent to help you consider the possibilities which will, in turn, help you prepare for your financial future.

One of the most important aspects of your financial survival concerns your understanding of the nature of money. If you believe that precious metals do not constitute "money", you may have been misled. If you have been misled, who misled you? Why? And "What's wrong with this picture"? Read More

02.04.15- Rising Gold Price Warning Sign Of Future Monetary And Currency Turmoil
David Levenstein

Gold has experienced some remarkable and unexpected turn of events so far this year and year-to-date it is significantly higher in four of the seven top currencies (the euro, British pound, Australian and Canadian dollars), and up respectably in two others (U.S. dollar and Japanese yen).

Since its recent lows in November 2014, gold has risen by up to 13% against the USD, 30% against the euro, 18% against the pound, and 32% against the yen. And, the rise against weaker emerging market currencies has been even more significant. Read More

02.03.15- John Embry: I've Never Seen This In My 40+ Years In The Investment Business
Tekoa Da Silva

While precious metals and their corresponding equities continue to work through a multi-year painful correction, John Embry, Chief Portfolio Strategist at Sprott Asset Management, was kind enough to share a few comments.

Speaking to the abysmal sentiment toward the sector, John explained that,

"I've seen this sort of 'bearishness at the bottom' phenomenon many times Read More

02.02.15- The Patriotic and Moral Imperative for Owning Gold and Silver
Johnny Silver Bear

Old GloryI pledge allegiance to the flag...

Remember when you learned those words? It was back when everything was simple. The Pledge of Allegiance was written in 1892 by Francis Bellamy, the circulation manager of the Boston based "The Youth's Companion" magazine. The end of the Nineteenth Century was a much simpler time. The world was a much simpler place. It is not so simple anymore. Read More

01.31.15- Probability for A Lower Low Has Increased
Michael Noonan

Mention is often made that one should wait for confirmation of a particular move in futures before making a commitment, either way.  Last week, it appeared evidence was mounting that November could be a possible low for the correction since late 2011. Then, we run across this graph from goldchartsrus.com which shows an inordinate build-up of short positions in silver by what we would call “smart money,” “insiders.” Read More

01.30.15- Russia increases gold purchases by 123%

The Central Bank of Russia bought a record amount of gold in the first 11 months of 2014 spending an estimated $6.1 billion. Increasing gold reserves attempts to reduce dependence on the dollar amid geopolitical tension, Mark O'Byrne of GoldCore, told RT.

Russia's gold purchases accounted for a third of the world's total of 461 tons, according to research by Thomson Reuters GFMS (Gold Fields Mineral Services). The amount of gold bought went up 123 percent from the previous year to 152 tons, worth $6.1 billion at current prices. It's the most Russia has spent since the collapse of the Soviet Union. Read More

01.29.15- Rejoice: A New Gold Bull Has Been Born
Jason Simpkins

The Fed Isn't Raising Rates

Gold is off to its best start to a year since 1980, up about 10%. Why?

Because investors are simply catching on to the fact that the Fed's empty promises of a 2015 rate hike are just that.

Indeed, the ECB's decision to launch its aggressive 1 trillion euro quantitative easing program has all but ensured the Fed won't raise rates.

And gold is roaring back as a result. Read More

01.28.15- Silver Stocks Will Rule In 2015
Stewart Thomson

Graceland Updates

1. Bank economists and bearish gold gurus continue to err, on their gold price predictions. The huge declines they promised in 2014 on the taper never materialized.

2. They promised that 2015 would bring much lower prices. Instead, gold has already rallied strongly, as I told the gold community it would, because of the bullish news that consistently emanates from Asia. Read More

01.27.15- Grandmaster Putin's Gold Trap: Russia Is Selling Oil And Gas In Exchange For Physical Gold
Dmitry Kalinichenko

Accusations of the West towards Putin are traditionally based on the fact that he worked in the KGB and therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence.

Any accusations against this man only emphasizes his ability for quick analytical thinking and making clear and balanced political and economic decisions. Read More

01.26.15- The Most Ominous Quote of the Year
Andrew Hoffman

“There is a giant secret stirring under today’s market. China, India, Russia and almost every central bank is buying physical gold. I’m guessing that within another year, physical gold will be swept off the market.” 

Masked by unprecedented PPT support of global equity markets – to ensure Mario Draghi’s “QE suicide” is perceived positively – is the stark fact that the announcement failed miserably. What terrifies me most, and was unquestionably interpreted likewise by the world’s big money, was just how transparent the ECB’s desperation was. Read More

01.24.15- Latest News about the Economy and the Gold Market
The Birch Gold Group

Each week, Your News to Know brings you the latest news and critical reads regarding the gold market and the overall economy. Stories this week include: De-pegging of the Swiss franc from the euro causes gold prices to soar, global gold demand to increase by 15 percent this year, and top gold forecaster Ross Norman offers his insight on gold and silver prices for the upcoming year. Read More

01.23.15- Elliott Wave analyst sees much higher gold and silver prices ahead
Lawrence Williams

According to Peter Goodburn of Elliott wave analysts Wavetrack international, Friday's punch higher for many of the mining ETFs, indices and equities broke key overhead resistance levels that now confirms the November/December '14 lows as the finalising levels of the multi-year counter-trend declines that began from the 2008/09 and 2011 highs. This also confirms, reckons Goodburn, that gold and silver bullion have also ended major counter-trend declines that began from the highs in year-2011 at the Nov/Dec.'14 lows of 1131.85 and 14.51 respectively. Read More

01.22.15- ECB To Print Trillion Euros – Gold Could Surge 40% In 15 Minutes Against Euro, Dollar
GoldCore Research

Mario Draghi is preparing to unveil QE today as the ECB looks certain to announce it’s much anticipated quantitative easing (QE) program. The move to print up to €1 trillion euros in the coming months appears to be a fait accompli although it will occur against a backdrop of strong German resistance and many concerns.

Following leaks that mainstream news sources regard as credible, the ECB is expected to announce monthly purchases of €50 billion in government bonds of member states.  The scheme is expected to run from March until the end of 2016 – for some 21 months – bringing the total to around 1 trillion euros. The ECB’s balance sheet currently stands at about €2 trillion. Read More

01.21.15- Gold Price Model Says Gold Still Undervalued
Gary Christenson

Gold hit a price low of approximately $1,140 in early November 2014. Since then it has rallied dramatically, possibly because of global fears about the financial system, the Swiss National Bank removing its peg to the Euro, more QE, escalating war in the Ukraine, or simply that gold prices were over-extended and ready to rally.

In my opinion gold reached an important low in November, and in spite of a rising dollar, has rallied since then in dollar terms, and even more in most other fiat currencies. Read More

01.20.15- Swiss pegxit put a $70 rocket under gold prices but just wait for the ECB's QE this week to send prices to the moon
Peter Cooper

So the Swiss referendum on gold at the end of last year did prove to be a decisive point in the gold market cycle, after all. The fall to $1,138 on the ‘no’ vote marked the low of the cycle. However, for the rocket to send gold prices to the moon this was ‘the right country, just the wrong event,’ as Ross Norman of Sharps Pixley told ArabianMoney. Read More

01.19.15- Jim Willie: Gold to Make a Sudden Quantum Leap to $18,000 ?oz
C Serpa

In an interview with Elijah Johnson and Jim Willie on January 15, 2015, Willie says: When the global banking system concludes that the dollar is not going to be working for them anymore, these countries will be looking for a way of dumping them. This will, I think, bring about QE 4 and 5.

Rather than see a dollar crash, the dollar's going to rise, like a rocket. Then you have the gold standard coming in through trade. Read More

01.17.15- Swiss National Bank Rally. Enough For A Change?
Michael Noonan

It would seem that last week’s rally in gold was Swiss National Bank-driven, plain and simple.  It is difficult to get a handle on the ramifications of what just happened with the Swiss “unpegging” from the Euro.  It was becoming prohibitively expensive for the SNB to keep buying Euros and trashing their own economy in the process.  Ostensibly, this is a tale of a central bank telling the US and the rest of the EU, enough!  We have had it, and we are now going to be more fiscally responsible. Read More

01.16.15- Did The Swiss National Bank Destroy Central Bank Precious Metal Manipulation?
Steve St. Angelo

After the SNB- Swiss National Bank dropped the bombshell on the markets Thursday morning, the prices of the precious metals have gone in one direction… UP.  In just two days, the price of gold is up $40 and silver $1.10.

According to Kitco, gold is currently up nearly $16 and silver $.80. While gold was a big winner yesterday, silver is up the highest percentage today. Read More

01.15.15- The Death of Copper -
And the Rebirth of Silver

Greg Guenthner

Copper is crashing. Hard.

No one—and I mean no one—wants anything to do with this base metal anymore. Stinks for anyone playing copper on the long side. But it also gives you a shot at fast, double-digit gains on another metals play… if you know where to look.

More on this hot trading opportunity in just a minute… Read More

01.14.15- Copper Halted After Crashing 8% On LME, Sends AUD Plunging, Futures Dip Under 2000
Tyler Durden

Today's prime time event hasn't even arrived, that would be the European Court of Justice (ECJ) delivering its final opinion on the legality of the ECB's previously announced OMT program, in less than an hour, and already the fireworks have begun, most notably out of Asia where after yesterday's epic commodity drubbing many were caught with their pants down and margin calls up, and what followed was a classic liquidation puke, when Copper prices crashed over 8% on the LME, to fresh 5 year lows and below USD 5,500/T in London. Read More

01.13.15- The Economy and the Gold Market
Birch Gold Group

Every week, Your News to Know delivers you the latest news and critical reads regarding the economy and the state of the gold market. This week’s stories include: Chinese gold purchases increase as the Lunar New Year draws near, the price of gold in euros reaches its highest point in months, and silver in 2015 expected to do even better than gold.

Chinese buying more gold as Lunar New Year draws near

As banks and retailers in China prepare for the upcoming Lunar New Year holiday, with local demand for gold set to increase, Reuters reports that premiums on the yellow metal have increased in recent weeks. Read More

01.12.15- The Bull Market is Back – at Least in Non-USD Terms
Pater Tenebrarum

The gold price most traders are focused on is the dollar price of gold – this is no wonder, as the COMEX is the most important price setting market for gold, and gold is internationally mainly traded in dollars. It is often useful to abandon this dollar-centric view, as for the rest of the world’s population gold’s trend in local currencies is obviously of greater importance. Read More

01.10.15- John Embry: I've Never Seen This In My 40+ Years In The Investment Business
Tekoa Da Silva

While precious metals and their corresponding equities continue to work through a multi-year painful correction, John Embry, Chief Portfolio Strategist at Sprott Asset Management, was kind enough to share a few comments.

Speaking to the abysmal sentiment toward the sector, John explained that, "I've seen this sort of 'bearishness at the bottom' phenomenon many times …There was a really ugly bear period between '74 and '76 which I remember really well..." Read More

01.09.15- Money, Gold And Liberty In 2015 & Beyond
Claudio Grass

Looking Back at 2014

2014 was quite an eventful year for global markets: Janet Yellen became the new Chairman of the Federal Reserve; we were on the brink of war in Crimea, and Germany won its fourth world cup title. Many countries around the world held elections, the Scotts and the Swiss had referendums and both of them decided to maintain the status quo, whether it was against Scottish independence or the Gold initiative. Read More

Is 2015 – the Year the FED comes to the aid of gold and silver investors?
Peter Degraaf

In a moment we will provide our answer to this interesting question.

The correction in the price of gold and silver is now in its fourth year, and in the words of W. D. Gann: "When time is up – price will turn."

Featured is the weekly gold chart. The current bull market began in 2002 with gold at $260. The correction that started in 2011 has retraced 50% of the rise from $260 to $1930. You will notice that the latest drop to the 50% retracement level has been met with non-confirmation from the supporting indicators (blue arrows). This includes the important A/D line which has been positive from day one. Notice also the buildup in volume during the recent turnaround (green box). Read More

01.07.15- FORT KNOX: Tainted With Radioactive Gold?
Steve St. Angelo

Not only is there conjecture that some or most of the gold at Fort Knox may be missing, but also there is speculation that some radioactive gold made its way into U.S. Treasury Gold Reserve. The movie Goldfinger, in which James Bond stops a plot to radiate the U.S. gold at Fort Knox, may actually turn out to be more truth than fiction.

One of my readers sent me some information about the Paducah Gaseous Diffusion Plant in Paducah, Kentucky. The plant was built in 1952 and was the only uranium enrichment facility in the United States (wikipedia). Read More

01.06.15- If gold's going to be a winner in 2015 then silver will be the real champion as financial markets implode
Peter Cooper

Gold and silver prices have jumped since the start of 2015 as safe haven and dollar diversification plays. But this will be nothing compared to the upside gain to come as financial markets really lose it. Precious metal investors know from long experience that when gold prices go up silver does even better and vice-versa. Read More

02.05.25- Gold US$5,000…Is it Possible? And When?
Investment Watch Blog

If we look at a graph of the '70s gold bull market (graph #1) and superimpose the typical bubble shape, we can clearly see that it closely fits the bubble model but stopping short of a Total Despair Phase. Those like me who lived through the euphoria of the '70s and the capitulation of the '90s, I am sure, will agree with the description of the gold market as a bubble. Looking at the graph below it doesn't look like gold was in a Despair Phase but I remember well in the '90s statements by many in the financial industry that gold was a relic of the past, a useless metal and that its fundamental value was zero, predicting lower prices of about US$50 and some even zero. These statements are very characteristic of a major bottom. Read More

01.03.15- 2013, 2014, 2015…Expect More Of The Same
Michael Noonan

Each week, we prepare a selection of newsworthy events to which the current market can explained, somewhat. This week is no exception, save one difference, that being so many want to see/hear some kind of look into the prospects for the year ahead. Our look ahead starts with a rear view mirror look back at 2014. In hindsight, we began 2014 with a positive outlook, but that quickly changed into the view that 2014 could turn out to be just like 2013…no big rally. On that score, we were on point. Read More

Ted Butler

A couple of weeks ago, a long time subscriber correctly pointed out that I seemed to be speculating more than usual in my conclusion that JPMorgan was the big buyer of Silver Eagles and had accumulated as many as 300 million oz of silver, including Eagles and bullion. The subscriber noted that I usually relied on hard core facts that could be documented and not on speculation.

As it turns out, I believe there are sufficient number of hard facts behind my speculation, but I had failed to point them out.

So let me present the facts, as I see them, that point to JPMorgan having amassed the largest physical silver position in history. Read More

01.01.15- Shanghai Shock to Shatter the Gold Market!
Jim Willie

The Quantitative Easing initiatives have been declared as stimulus and successful in sustaining the US financial system

While having been able to continue the debt floats, the many market props, providing coverage for USGovt debt securities and mortgage backed securities which nobody wants, the initiative is hardly stimulus.

The hyper monetary inflation does what we always learned it did, as in from school for 50 years, dole out its powerful corrosive effect Read More

12.31.14- Why You Need to Own Gold In 2015 and Beyond
Clint Siegner

Debt is a rock, and spending reform is a hard place. The taxpayers of today and tomorrow are saddled with crushing obligations. Yet we must watch helplessly as leadership in Washington DC continues expanding government -- borrowing what they can and simply printing what they cannot.

Each day more Americans sense a reckoning is coming. Our government is increasingly insolvent. The unbacked dollar is certain to be worth less, and it may not survive at all. Read More

12.30.14- The Perfect Crime In The Silver Market
Ted Butler

A couple of weeks ago, a long time subscriber correctly pointed out that I seemed to be speculating more than usual in my conclusion that JPMorgan was the big buyer of Silver Eagles and had accumulated as many as 300 million oz of silver, including Eagles and bullion. The subscriber noted that I usually relied on hard core facts that could be documented and not on speculation. As it turns out, I believe there are sufficient number of hard facts behind my speculation, but I had failed to point them out. So let me present the facts, as I see them, that point to JPMorgan having amassed the largest physical silver position in history. Read More

12.29.14- Counting Your Chickens in Dollars
Dr. Jeffrey Lewis

With silver, you have a rare physical commodity that you can literally take into your possession.

It's known that quantity, in investment form, is far less than what is perceived by the mainstream. And as a direct consequence, orders of magnitude less than the price indicates.

A never-ending flow is demanded from strategic industries, while the demand for physical continues to grow stronger, despite price - a clear indication of its monetary role and a hint at the ultimate separation from its paper tether. Read More

12.27.14- Blood Flowing in the Streets: The Capitulation Bottom Has ALREADY Occurred!
Eric Dubin

We were planning on recording an abbreviated show this week, but there’s so much going on deserving coverage that the minutes racked-up and you’ll barely notice the difference. 

To the surprise of no one, the cartel did push precious metals prices down this week.  But as I noted on Sunday (GOFO Update: Physical Market Headache For Gold Cartel and My Short-term Forecast), the tight physical market as can be seen by the objective measure of GOFO rates has been giving the cartel one heck of a headache, keeping them in “managed retreat” mode. Read More

12.26.14- Sound Money and the Ring of Truth
Guy Christopher

We Americans no longer carry gold and silver money in our pockets and purses as our grandparents did during their lives. But we still carry the history, legacy and spirit of those gold and silver coins in our language – with more meaning than you might imagine.

"Sound money" has a clear message recognized for centuries around the world. It describes the musical, metallic ring of a gold, silver, or copper coin dropped on any hard surface of glass, stone, wood, or metal. Sound money literally refers to real wealth, with a natural, unmistakable signature of honesty and integrity, as opposed to the swishy paper and plastic debt used almost exclusively today. Read More

12.25.14- Origins of a Silver Stacker
The Solution

It truly is an honor and a privilege to be a guest columnist on the rising-star website, aptly amed the TheWealthwatchman.com.  As WW has stated in his column, "Let me humbly remind you, that you and I….are nobodies!"  So I said to myself, " Self, what could you have to offer if you wrote something?" The most profound thing I think I could share with the community, is something that no one has heard before;  my silver stacking story.

Opening my eyes to the matrix has been the most dramatic time of my 40 something years on this planet.  All that I thought I understood about money, value, and trust has been burned away in the last 4 years and has left me with eyes that hurt! Read More

12.24.14- And Now, for Something Entirely Different: A lie, if repeated often enough, will be accepted as truth.
Don Stott

I am so terribly sick of all the lies which come out of D.C., the media and their devotees. The 9/11 scam, which everyone believes, other than people who have a brain, or that a little pipsqueak with a cheap Italian rifle could kill JFK from a 6th floor window, with trees in the way, which everyone believes, other than people who can THINK. I am so sick of the global warming fraud that I'd like to blow off the face of the earth, anyone who would believe such an absurd thing. Now, it's "carbon" and "carbon footprint," whatever that is supposed to be, which all the calamity howlers are screaming about, when it is all so untrue and a total fraud. Read More

12.23.14- Path Of The Gold Price Is In China's Hands
Lawrence (Lawrie) Williams

The predictable 'No' vote in the Swiss gold referendum did indeed prompt a quick knee-jerk downwards reaction in the gold price, this was exceedingly short-lived, the result  having been already assumed by the markets, and an immediate bounce back took the gold price back above the $1200 level and the price has stayed within range of this figure for nearly a month now, although there has been some intra-day volatility, perhaps due to short covering coupled with the big money players in the market seeming loath to allow any significant upwards breakout. Read More

12.22.14- Gold News: Forget the Metal, It's Time to Buy the Miners
Reuben Brewer

When you read the "gold news" it's filled with the often volatile ups and downs of the barbarous metal's price. Gold is, after all, a commodity. And since peaking in late 2011, the trend has mostly been down. But it's been even worse for gold miners, which have seen their shares fall even further. That could open an opportunity for investors seeking to add gold to their portfolio.

An interesting metal Gold is a hard asset and is considered a safe haven when the market is stormy, often zigging when the broader market zags. That's partly because gold can be used as a form of currency, you know, when modern financial systems collapse and the zombies attack-- although if zombies attack I'm reaching for my shotgun, not gold.Read More

12.20.14- Nothing Is Ever As It Seems And No Respite For PMs.
Michael Noonan

An eminent collapse of the US fiat petrodollar?  China and Russia, with their enormous build-up of physical gold over the last several years, waiting in the wings to lead a new gold-backed currency?  The growing BRICS alliance to unseat the elite’s Western NWO and its banking system?

A growing likelihood on the first question, and no and no to the latter two questions.  In fact, the elites are probably doing more to destroy the fiat Federal Reserve “dollar” than any other group or alliance. There has been talk about the US destroying the dollar for at least the past four years.  Kyle Bass even made the pronouncement whereby a senior Obama administration official told him, “We're just going to kill the dollar.” Read More

12.19.14- Grandmaster Putin's Golden Trap
Dmitry Kalinichenko

Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.

No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.

Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold! Read More

12.18.14- Gold Bullion Dealer: We're Beginning To See a Heavy Buying Demand
Tekoa Da Silva

As precious metals and commodity markets are continuing their downward slump, Andrew Schectman, President of bullion dealer Miles Franklin was kind enough to share a few comments.

Andrew buys and sells bullion to individual investors on a day-to-day basis.

You'd expect that in a bear market for gold, business at a company that sells gold and silver coins would drop off. Surprisingly, Andrew reports that's not the case. Read More

12.17.14- Opposing Forces At Play In The Precious Metals Complex
Ronald Stoeferle

Precious metals had a hard time in 2014. However, this year proved to be not as catastrophic as last year, as the gold price remained in the trading range which was established last year after the waterfall price declines.

The "good" news for gold bulls is that the bottom of the trading range has been tested a third time, in particular on November 10th 2014. Readers undoubtedly remember how the previous two tests took place in June 2013 and on the very last day of 2013. Read More

12.16.14- 17 Reasons Why I Trust Silver
Gary Christenson

War and Inflation – 3 reasons:

  • From Ernest Hemingway: "The first panacea for a mismanaged nation is inflation of the currency; the second is war.  Both bring a temporary prosperity; both bring a permanent ruin.  But both are the refuge of political and economic opportunists."  This was true before WWII and is just as true now. Read More

12.15.14- The Derivatives Nightmare & Precious Metals Move To Strong Retail Hands
Rick Rule

View Video

12.13.14- The Nature of Money and our Monetary System
Johnny Silver Bear

As the editor of the Silver Bear Cafe, I try to focus on the ramifications of world events. I try to understand how what's going on now will affect your pocketbook next week, next month, next year. It is my sole intent to help you consider the possibilities which will, in turn, help you prepare for your financial future.

One of the most important aspects of your financial survival concerns your understanding of the nature of money. If you believe that precious metals do not constitute "money", you may have been misled. If you have been misled, who misled you? Why? And "What's wrong with this picture"? Read More

12.12.14- Current Price of Silver $50: Based On The Historic Oil-Silver Ratio

The current price of silver should be $50 an ounce, based on the historic 1960’s oil-silver ratio.

Unfortunately, this is not the case as the world has siphoned the majority of its wealth into the highly leveraged financial paper industry… one that has no future.

When the world was based more on a “Physical Economy”, and not the current Financial-Derivatives Market, the price of silver (and gold for that matter) was closely tied to the price of oil.  This can been seen in the chart below: Read More

12.11.14- Silver Demand for Industrial Applications Forecast to Reach Nearly 680 Million Ounces in 2018
Michael DiRienzo

(Washington, D.C. – December 10, 2014)   Total silver industrial demand is forecast to grow 27 percent, adding an additional 142 million ounces of silver demand through 2018 compared with 2013 levels, according to a new report issued today by the Silver Institute.  Half of this growth will be accounted for by the electrical and electronics sector, but additional demand will be due to growth in other industrial applications, as highlighted in the report entitled, "Glistening Particles of Industrial Silver." Read More

12.10.14- NEW UPDATE: Silver Eagle Sales Surpass 2013 Record At Nearly 43 Million
Steve St Angelo

After the U.S. Mint updated its bullion figures on Monday, 2014 Silver Eagle sales reached a new annual record surpassing last years total by nearly 200,000.  Not only was 2014 a banner year for world’s most sought after official coin, the Silver-Gold Eagle ratio also hit a new record high.

The U.S. Mint sold nearly a half million Silver Eagles over the weekend, putting the total for December at 1,317,000.

This strong weekend demand pushed total annual Silver Eagle sales to 42,864,000 over last years previous record of 42,765,000. Furthermore, there are still a few more weeks remaining in the month. Read More

12.09.14- Silver & Gold At 5000 Year Low
Mike Maloney With Chris Martenson

But you know I'd like to sort of leave people with this: If you really analyze it gold and silver are really at a 5,000 year low. They have been either our money or connected with our currency backing our currencies for 5,000 years and they've — governments have slowly sort of weaned us off gold and silver and for the last 43 years is the first time in all of human history that gold and silver are not either our money or backing our currency. They have no connection with the global monetary system other than people like Ben Bernanke say it's tradition to hold it for some reason central banks are buying it. But at the same time after it went into a tiny little bubble in 1980, the world experienced a brutal bare market that lasted 20 years and by the year 2000 investors gave up on it; so here you don't have any country on the planet wanting it or using it as their money. Read More

12.08.14- Gold-Backed Currency? Not Any Time Soon, But Be Prepared.
Michael Noonan

Last year, many in 2013 were calling for the price of gold and silver to double, and more! Then came 2014 and those dashed hopes were pushed back to the second half of 2014. Earlier, in the first half of the year, we said that the second half could likely be more of the same, as in 2013, [See 2014 Could Be A Yawner]. With just a few weeks away from the end of the year, prospects for 2015 can equally be brought into question re PM price appreciation.

Is the petrodollar on the way out?  More frequently, the signs say yes.  Is a gold-backed currency standard waiting to replace it?  Beliefs, at least in the PM community, remain high, but facts to substantiate the beliefs are hard to find. Read More

12.06.14- Gold Price Manipulation Goes Mainstream On German TV
Charleston Voice

Public TV channel 3sat, which is a cooperation between Germany, Austria and Switzerland, broadcasted a short documentary on gold price manipulation on May 9, 2014. More and more mainstream news outlets are covering the allegedly gold price manipulation, after evidence is piling up and many other market manipulations, like LIBOR, are coming out. 

Global gold prices may have been manipulated on 50 per cent of occasions between January 2010 and December 2013, according to analysis by Fideres, a consultancy. Read More

12.05.14- 12 Game-Changing Catalysts for the Price of Silver
Dave in Denver

There are a number of indicators that silver is extremely undervalued. Key is the gold-to-silver ratio, which has continued to widen with silver prices languishing at around $16 an ounce, which is down 14% over the last year, despite gold's recent rally.

However, I believe this is set to change with two emerging catalysts that over the long-term will drive the price for silver exponentially higher. Let me explain why. Read More

12.04.14- Trading Pattern Has Changed …Drastically!
Bill Holter

Gold and silver have now had three “outside reversal” days to the upside within the last three weeks. Those who follow the precious metals were absolutely shocked (after being shell shocked) to see this type of action the first time in many a moon…not to mention a “three’fer!”  For those of you who don’t know what an “outside reversal day” is, let me briefly explain.  It is the “outside” part which is important and without it, the “reversal” part is much less meaningful.  For this to occur, trading for the day must be both lower and higher than any trades performed the previous day.  In other words, the “bar” on the chart must totally engulf the action of the previous day and then close in the opposite direction of the previous momentum.  Outside reversal days are very rare in any market.  One of these may only occur once in a year’s time or even longer. Read More

12.03.14- "I am a hard working taxpayer who is getting pretty fed up. . ."
Tim Price

So the Swiss have decided not to force their central bank into underpinning its reserves with harder assets than increasingly worthless euros. At least they had the chance to vote. But in the bigger picture, the rejection of the "Save Our Swiss Gold" initiative flies in the face of a broader trend towards repatriation and consolidation of sovereign bullion holdings – following on the heels of similar attempts by the Bundesbank, the Dutch central bank, for example, recently announced that it had moved a fifth of its total gold reserves from New York to Amsterdam. Read More

12.02.14- The Answer to this Question Will Change Silver Forever
Wealth Watchman

Finally, Justice!

First of all, my brothers, I wanted to let you know that things will all soon be fixed in the contractual, derivative silver and gold markets!  You heard me correctly, things will be made "right as rain", and all those responsible for helping the fraud and rigging within these markets will be brought to justice!  Wanna know why?  Well, look no further than this latest announcement by the CFTC!

Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) today launched CFTC SmartCheck, a new national campaign to help investors identify and protect themselves against financial fraud. The comprehensive campaign includes a new website, a national advertising campaign and interactive videos that will help investors spot investment offers that are potentially fraudulent. Read More

12.01.14- Anti-Gold Propaganda Prevails In Swiss Vote!
Claudio Grass

This morning the final votes were cast on the Swiss Gold Initiative (most votes were submitted via post). As we speak the final votes are still being counted however we already know: The initiative has been rejected!

The majority of votes of most individual cantons (some cantons' votes are yet to be released) were against the initiative. As Switzerland has a federalist structure, this by itself already means that the initiative has been rejected. Read More

11.29.14- Here's the most bizarre currency you've probably never heard about:
Simon Black

Forget gold, perhaps Americans should go back to the Whiskey standard!

John Lynn was bound and gagged, as the angry mob tied him to a tree and poured a barrel of scalding hot tar over his freshly shaven head and coated him in feathers.

It was June 1794 and the crowd was absolutely frantic. They were taking justice into their own hands. Lynn's crime, in their eyes, was having extended lodging to a federal tax collector, who'd come down to enforce a recently imposed excise tax on whiskey. Read More

11.28.14- Russia's monetary solution
Alasdair Macleod

The hypothesis that follows, if carried through, is certain to have a significant effect on gold and the relationship between gold and all government-issued currencies.

The successful remonetisation of gold by a major power such as Russia would draw attention to the fault-lines between fiat currencies issued by governments unable or unwilling to do the same and those that can follow in due course. It would be a schism in the world's dollar-based monetary order. Read More

11.27.14- Solar Shines on Silver Demand
Frank Holmes

Back in the olden days, before the advent of digital cameras, photographers used a curious thing called film. Surely you remember having to feed a roll of the stuff into your analog camera. Then you’d take the roll to your local drug store and wait a week for it to be developed, only to discover that you had the lens cap on during the entirety of Cousin Ted’s birthday party.

What some people don’t know about film is that it’s coated with a thin layer of silver chloride, silver bromide or silver iodide. Not only is silver essential for the production of film but it was also once necessary for the viewing of motion pictures. Read More

11.26.14- Swiss Gold Update: What a "Yes" Vote on Nov. 30 Means for Gold Investors
James Rickards

A Swiss Gold Referendum will take place on Nov. 30, 2014 — just 5 days from now. Its terms prohibit the Swiss National Bank (the central bank) from selling any gold, require the bank to purchase gold up to the level of 20% of Swiss reserves and require that all Swiss gold held abroad be returned to Switzerland.

If it obtains a majority "yes" vote, it becomes law despite the objections of bankers and politicians. This would deliver both a demand shock and a supply shock. Read More

11.25.14- Silver: What COT Analysis Tells Us
Gary Christenson

Each week the CFTC publishes a Commitments of Traders Report (COT) in which "non-commercial" and "commercial" long and short futures positions are reported.  Many people have expressed doubts as to the validity, accuracy and consistency of the data.  However, my experience is that the data is mostly relevant, accurate, and useful in the long term, but not necessarily important each week.

Graph the price of silver (green) on a log scale against the COT data showing "non-commercial" net longs less the "commercial" net longs.  In theory this shows when the "smart" money is positioned to profit from high or low prices. Read More

11.24.14- Is COMEX being cornered?
Bill Holter

It is with a deep sense of gratitude that I have had all of you as friends and associates during what has been a long war, not a good war, but a very long "financial war".  As you know from these writings; this has been a war conducted by the Federal Reserve against the entire world, aided and abetted by major international banks via the manipulation of most every market on the planet.  The ethics and morals our country was originally built on ...be damned! Read More

11.22.14- Is the Golden Rule Broken?
Michael Noonan

He who owns the gold rules.

That has been the clichéd “wisdom” for some time.  However it appears Russia has become the Rodney Dangerfield of the Golden Rule, for it certainly is not getting any respect.  To the contrary, the Golden Rule has become subservient to Military Rule, the last remaining leg upon which the US rests in its ongoing inability to retain  respect internationally.

As formidable as US military might is, it is not always effective in execution, and to date, it has only been [in]effective against those nations that have no military might, Iraq, Libya, Afghanistan. Read More

11.21.14- Gold-Silver Ratio Nears Bullish Breakout
Frik Els

The gold price was drifting lower on Thursday, unable to find support from slightly higher than expected inflation numbers in the US that came in at 1.8% and solid Swiss gold export data.

At $1,192 an ounce by mid-afternoon in New York gold investors can still boast of a 4.4% appreciation over the past fortnight.

Silver bulls have enjoyed a nearly 5% rise from 56-month lows of $15.41 an ounce hit November 6. The closely watched gold-silver ratio on Thursday was roughly 73.5. Read More

11.20.14- Four Horsemen of the Apocalypse or the New Dawn
Gary Christenson


There will be many more deaths – think Middle East, Ukraine, Africa, and the next big war.


A shortage of food, whether inspired by drought, politics or war has been normal throughout history.  Today there are food shortages in many countries and there are nearly 50,000,000 people in the U.S. on food stamps (SNAP) – the modern equivalent of "bread lines" and "soup kitchens." Read More

11.19.14- Cheap Gold is Never Coming Back
Adam English

I'm seeing a lot of iffy low-ball price targets for gold, and it reminds me of my halcyon days when I first started driving.

In 1998 I chipped in with my brother and got a 1988 Oldsmobile Cutlass Ciera. It was baby blue with royal blue dual couch seats, and within a week in the high school parking lot the "L" was mysteriously chipped out of the model name plate.

Regardless, it was a great car. And even when making minimum wage at a state park for half a year, I had no problem topping off with gas at $1.06 a gallon. Read More

11.18.14- Are You a Silver Stacker? This Figure Will Make Your Head Spin!
Wealth Watchman

Sometimes, it behooves us to revisit some basics, when valuations are strained beyond all limits of credibility and belief.  When you really need that splash of icy-cold water on your face, ya know?

Case in point, this past Friday, in episode 2 of the Clarion Call, I took some time fleshing out an astonishing dollar figure about silver.  If you’re a subscriber on the Watchman’s YouTube channel, then you’d already know what it is, and if you’re not, what are you waiting for? *nudge nudge* Read More

11.17.24- The Bottom Is In!
Bill Holter

This past Friday was a near carbon copy of the previous Friday for the precious metals.  Both were “outside reversal” days where the overnight and morning sessions were quite weak, only to bottom and then reverse to the upside strongly on very heavy volume by the day’s end.  First, this type of action is almost unheard of for precious metals and has happened only a handful of times over the last 15-20 years.  Also, both reversals were quite large from the day’s early lows to their final closes, the range was 3-4% which obliterated the long held “2% rule”. Read More

11.15.14- 'Gold Wars' - Swiss Gold Shenanigans Intensify Prior To November 30 Vote
Ronan Manly

'Gold wars' are intensifying with just 16 days left to polling day in the Swiss Gold Initiative.

The Swiss National Bank (SNB) and establishment parties went “all in” during the week and intensified their campaign. They suggested that passing the Gold Initiative would be a ‘fatal’ for Switzerland and would be positive only for speculators. Read More

11.14.14- Ted Butler To Silver Miners: COMEX Is Responsible For Low Silver Prices
Ed Steer

This is an excerpt from Ed Steer’s daily gold and silver newsletter (recommended to subscribe):

As usual, silver analyst Ted Butler came out with his mid-week commentary yesterday—and he had something to say to all the primary silver producers out there that are prepared to listen and save themselves before they go bankrupt—and take all their shareholders, including me, with them. Read More

11.13.14- "Now Is A Good Time" To Buy Gold - Fidelity Investments
Maria Sutt

Joe Wickwire, research analyst and portfolio manager at Fidelity investments, presented some very grounded, reasonable arguments as to why one should buy gold at the LBMA Precious Metals Conference in Lima, Peru which concluded on Tuesday.

Fidelity Investments are a largely family owned mutual fund and financial services company. It is one of the largest mutual fund and financial services groups in the world. Founded in 1946, the company has since served North American investors. This year they were voted best investment company in an online broker review by Stockbroker.com. They have gradually moved up in the rankings from eighth place in 2011. Read More

11.12.14- Rick Rule: "I Believe That Arithmetically, We're Locked In A War That We Can't Help But Win"
Tekoa Da Silva

During a time in which sentiment towards natural resources is bordering on doom, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments.

Speaking first toward the phenomenon of market capitulation Rick noted that,

"Capitulation is a very dramatic event. It's when most participants in the market give up completely and simultaneously.They are two or three week periods [of] extraordinary [share price] violence. They're emotionally driven rather than arithmetically driven events." Read More

11.11.14- $15 Silver? You Can't Have Any!
Bill Holter

Here we go again, silver has been trashed to $15!  But don’t fear as this “trashing” in my opinion is going to be like Custer’s last stand, let me explain.  Just as in past episodes, the artificially suppressed prices have brought out 1,000′s of “Indians” all over the world as buyers of physical metal. I use this analogy of “Indians” because prior to this last 5 years, it was in fact consumers from India (whom are so very price sensitive) who would step up in the physical market to eat up supply if the price dropped. Read More

11.10.14- Do the Swiss People Understand that Gold is Money?
Claudio Grass

Growing Distrust of an Increasingly Centralized Government Among the People of Switzerland

All the eyes of hopeful believers in freedom and individual liberty on this planet are set on Switzerland and the upcoming "Gold Initiative" vote. On November 30th, the Swiss people can correct a mistake made 14 years ago and return to a currency backed (partially) by physical gold.

Some of us are still aware, while others have only recently realized, that a strong currency is the primary guarantee for the sovereignty, stability and prosperity of a nation, as well as a safeguard of the freedom and liberty of its people, because it offers the best protection against government despotism. Read More

11.08.14- Physical Gold Shortage Worst In Over A Decade: GOFO Most Negative Since 2001
Tyler Durden

The last time there was an systemic physical gold shortage was in July 2013. It is then that, for the first time in 5 years, the 1-month Gold forward offered rate, or GOFO, went negative. We said:

Today, something happened that has not happened since the Lehman collapse: the 1 Month Gold Forward Offered (GOFO) rate turned negative, from 0.015% to -0.065%, for the first time in nearly 5 years, or technically since just after the Lehman bankruptcy precipitated AIG bailout in November 2011. And if one looks at the 3 Month GOFO, which also turned shockingly negative overnight from 0.05% to -0.03%, one has to go back all the way to the 1999 Washington Agreement on gold, to find the last time that particular GOFO rate was negative. Read More

11.07.14- A Sunny Silver Forecast: Low Price Today Means High Price Tomorrow
John Rubino

Solar power has been the next big thing in energy for as long as most people have been alive. But it was always too expensive to be anything more than a niche technology, attractive more for its coolness than its efficiency. That has changed, in a big way.

According to a report by Deutsche Bank, generating electricity from sunlight is now as cheap as getting it from coal in most US states when current subsidies are included. Extrapolate the inexorably-falling cost of solar just a few more years, and the subsidies won’t be necessary. Read More

11.06.14- American Financial Markets Have No Relationship To Reality
Paul Craig Roberts and Dave Kranzler

As we have demonstrated in previous articles, the bullion banks (primarily JP Morgan, HSBC, ScotiaMocatta, Barclays, UBS, and Deutsche Bank), most likely acting as agents for the Federal Reserve, have been systematically forcing down the price of gold since September 2011. Suppression of the gold price protects the US dollar against the extraordinary explosion in the growth of dollars and dollar-denominated debt. Read More

11.05.14- Pricing Gold in the Real World
Jeff Nielson

As we see the price of gold and silver dragged lower once again in our Hostage Markets; a reality-check is badly needed – since we certainly get no reality from the Corporate media. However, while the mainstream media provides no "reality", it does provide consistency.

As any knowledgeable reader already knows; gold (and silver) is both a commodity and a "monetary metal" (i.e. real money). With respect to the perverse reporting of the Corporate media; the pattern has been unequivocal. Whenever it has some bearish fiction to distribute about the monetary fundamentals of gold; it treats gold as a monetary metal. And whenever it has some bearish fiction to distribute about the commodity fundamentals of the gold market; it treats gold as a commodity. Read More

11.04.14- Ted Butler: The Silver Nightmare Will Be Over Soon
Adam Taggart

The argument for a near-term monster rally

Halloween couldn't have been more terrifying for silver investors. The gray metal cracked under $16/oz on Friday, a price not seen for nearly half a decade.

For years now, it has seemed like silver has been beaten down so badly its price couldn't go lower. But then it has.

Why has silver seen such a gut-wrenching price decline? (now down 2/3 compared to its high in late 2011). And will it ever see brighter days again? Read More

11.03.14- Now Is The Time To Buy Gold & Silver
Ronald Rosen

If ever there was a time to buy gold and silver now is the time! The Delta turning points have never failed. I started working on Wall Street in 1956 with Carl M. Loeb, Rhodes & Co. In 58 years of working on and dealing with the pursuit of market timing, there has never been a more obvious buy point for any item as there is for gold and silver right now!!!  If you want to know more about the Delta Turning points you can obtain a subscription for $35.00 a month. 

Gold bottomed the same day that the Dollar Index topped. Read More

11.01.14- Elite Supernova Death Dance In PMs? + Monthly Charts
Michael Noonan

On several occasions, over as many months, comments have been made here to the effect that reading developing market activity is the best source for knowing what to expect, moving forward.  Most people have a need to rationalize the markets by coordinating known events with the current price.  Last year, it was how many record coin sales around the world would impact the market, then the number of tonnes China and Russia were importing.  Lately, the opening of the Shanghai Gold Exchange where true price discovery could be expected, the ongoing disappearance of reserves held by COMEX and LBMA, etc, etc, etc., none of which had the market impact for which so many had hoped. Read More

10.31.14- Trick or Treat: The Drain Of JP Morgan Gold Inventories Continues
Steve St. Angelo

Just in time for the Halloween Spooks to come out and play by slashing the prices of the precious metals, JP Morgan (vampire squid), experienced another ghastly withdrawal from its gold inventories today.  Something quite eerie seems to be taking place as the majority of Comex gold withdrawals are coming out of the dark dungeons at JP Morgan Chase. Read More

10.29.14- Physical Silver Being Drained + A New Silver Miner Research Report
Dave Kranzler

Thru today (Oct 28) the U.S. mint has sold 4,365,000 silver eagles.  This is by far the highest total for October on record, with 3 business days left in the month.   It remains to be seen if 2014′s yearly total will exceed last year’s  42,675,000.  But if November and December continue at the September/October 4 million-plus rate, 2014 will smash last year’s record. Either way, the U.S. mint is selling more ounces of silver than all U.S. mines combined produce annually. Read More

10.28.14- Gold or Gunfire: Hedging Against the Collapse of the Dollar
Nick Cunningham

A global economic collapse has become unavoidable, said former chief economist of the Bank of International Settlements (BIS) William White in response to the BIS’ quarterly report in September 2013. Experts forecast that a global economic collapse may occur, overnight, some time at the end of 2014 or in 2015. The fact that private interests are holding the U.S. Federal Reserve and the Central Bank of England as well as the Bretton Woods institutions in a state of capture makes it improbable that the governments of the USA, UK and EU could prevent a collapse. Read More

10.27.14- Gold at $7,000 article goes viral in Chinese media
Dan Collins

"Gold going to $7,000″, an article today in the Chinese media is going viral and one of the most viewed articles in the financial press. The article references American Jim Rickards and his concept of comparing inflation-adjusted gold prices. Most Chinese economists think that the price of gold should be approximately $ 2,400 / ounce, instead of the current $ 1,235. Read More

10.25.14- Your Personal Gold Standard
James Rickards

There isn’t a central bank in the world that wants to go back to a gold standard. But that’s not the point. The point is whether they will have to.

I’ve had conversations with several of the Federal Reserve Bank presidents. When you ask them point-blank, “Is there a theoretical limit to the Fed’s balance sheet?” they say no. They say there are policy reasons to make it higher or lower, but that there’s no limit to the amount of money you can print. Read More

10.24.14- Prepare for Global Gold Confiscation and Orwell's 1984, Warns Rickards
Mark O'Byrne

Microchips embedded in the arms of citizens to track their activities, the total destruction of the middle classes and a cashless economy where an authoritarian state can freeze the accounts of dissenting citizens excluding them from all economic activity….. These are all part of the cheery scenario painted by the highly respected author and IMF-insider with connections to the Pentagon, Jim Rickards in his most recent article for Agora Financial. Read More

10.23.14- Why Gold Is Undervalued...
Alasdair Macleod

And poised to re-price upwards from here

Gold has been in a bear market for three years. Technical analysts are asking themselves whether they should call an end to this slump on the basis of the "triple-bottom" recently made at $1180/oz, or if they should be wary of a coming downside break beneath that level. The purpose of this article is to look at the drivers of the gold price and explain why today's market value is badly reflective of gold's true worth. Read More

10.22.14- Silver Myths Smashed, Pt. 5: The 4 Little Letters Some Use to Dismiss Silver
The Wealth Watchman

As we finish up this Silver Myth-Smashing series, I’d like to say how I’ve been amazed over the past several weeks to hear so many personal accounts from folks who’ve been inspired to buy even more silver.  To read account after account from shield brothers, charging headlong into High-Frequency-Traded firestorms, and inflicting even more silver casualties upon our common foe, is a most refreshing thing.

I’ve been inspired by you all, and I salute each and every one of you. Read More

10.20.14- Blood in the Streets to Create the Opportunity of the Decade
Laurynas Vegys

Gold stocks staged spring and summer rallies this year, but haven’t able to sustain the momentum. Many have sold off sharply in recent weeks, along with gold. That makes this a good time to examine the book value of gold equities; are they objectively cheap now, or not?

By way of reminder, a price-to-book-value ratio (P/BV) shows the stock price in relation to the company’s book value, which is the theoretical value of a company’s assets minus liabilities. A stock is considered cheap when it’s trading at a historically low P/BV, and undervalued when it’s trading below book value. From the perspective of an investor, low price-to-book multiples imply opportunity and a margin of safety from potential declines in price. Read More

10.18.14- Miles Franklin All Star Silver Panel Webinar
Andy Hoffman

View Video

10.17.14- The Dollar Will Be Sacrificed And Gold Will Soar
The Next Big Trade

This isn't 2008.  Those that are expecting fireworks for the U.S. dollar if this bear market continues are in for a rude awakening.  The setup for the dollar is completely opposite to what happened leading into it's mega run in 2008.  Let me explain.

The dollar was approaching a 3 year bear market heading into late 2008 as the stock market was beginning to crash.  And the bears were out in full force proclaiming the death of the dollar right at the bottom. Read More

10.16.14- Gold Prices Since 9-11
Gary Christenson

The world as we knew it changed after the dot-com crash of 2000 and especially after 9-11.

  • National debt zoomed much higher
  • Stock markets crashed
  • The Fed introduced more "stimulus" and helped create a housing bubble
  • Government became larger and more intrusive
  • Gold, silver, crude, and other commodities rallied

What do the charts show? Read More

10.15.14- Ted Butler's Silver Price Outlook – Why This Time Could Be Different
Taki Tsaklanos

The Commitment of Traders Report, for positions held at the close of Comex trading on Tuesday October 7th 2014, did not change much compared to a week earlier. The reporting week included October 3d on which silver was trading at its absolute lows. According to Ted Butler these lows didn’t mean much, as there was so little volume associated with them, that they were more fishing expeditions by JPMorgan and their High Frequency Trading buddies, than anything else. The powerful rallies [with high volume] off those lows pretty much negated any improvements in the COT Report that would have shown up if those rallies hadn’t occurred. Read More

10.14.14- Silver Myths Smashed, Pt. 3:
The Silliest Question You Could Possibly Ask about Silver

Wealth Watchman

So Many Myths, So Little Time

Do ya wanna know the hardest part of about writing a “Silver myth-Smashing series”?  It certainly hasn’t been figuring out how to dispense with the lies, that’s for sure! Silver lies are all brittle eggshells, just begging to be stomped on!

No, the most difficult part is actually choosing which lie to crack open next!  There are just so many of these chuckle-inducing myths, that it feels like being a little kid in a toy store.  Do I take home the train set or the Batcave? No no, wait! This!  A thousand times this! Read More

10.13.14- From Stocks through the Bond and into Gold
Mark Mead Baillie

Would that be lovely? At least that's this missive's flow, so let's go!

We start with stocks as they're the sizzle at the moment from which we'll then segué via the Bond into Gold. Perhaps better put, stocks are a-sizzle as if the fat is finally being fried off its bacon. However, this bit of bacon is sufficiently flush with so much fat that the present annual period of volatility is far from correcting the crux of a contingent crash. Specific to the S&P 500: -1.5% on Tuesday, +1.8% on Wednesday, -2.1% on Thursday, -1.2% on Friday -- 'tis nothing, by historical context, but seasonal noise -- at least so far. Read More

10.11.14- David Morgan's Secret to Being Grateful, Even at $17 Silver
The Gold Report

Manipulation and apathy can’t keep silver prices down forever; there is too much demand and too much money sitting on the sidelines.  In this interview with The Gold Report, Silver-Investor.com Editor David Morgan tells us why he is grateful for his balanced approach to investing and life. He also explains why he is still excited about four developers that are moving projects forward at any price.

A recent GFMS/Thomson Reuters Silver Institute World Silver Survey shows that while the price of silver dropped 23.6% in the last year, there was actually an increase in demand, particularly from China and India. Read More

10.10.14- Struggling Gold!
David Chapman

It has not been easy being a believer in gold over the past two years. Gold is down about 37% from its 2011 top. The biggest portion of the drop took place over two days in April 2013 when gold plunged roughly $200 from $1,564 to $1,360 when someone dumped 400 to 500 tonnes of paper gold (futures) all at once on the COMEX. The collapse triggered an avalanche of stop loss or stop sell orders adding to the downward plunge. Percentage wise it was 13%. To put this in perspective the percentage drop was not as large as the 18% drop that was seen on January 22, 1980 when gold plunged from $825 to $682 as the 1976-1980 gold bull abruptly ended. Read More

10.09.14- Silver Smashed!!
Chris Duane

View Video

10.08.14- To buy or not to buy
Dr Jerome

If I sit back, and close my eyes and recall the exciting days of 2010 and 2011, the recurring thought that comes  to me is my desire to have bought more metal when the price was low. I recall walking through an antique store in Centerville Indiana in 2001 and noticing that one dealer had hundreds of silver coins in cardboard holders on the table top for folks to look through, picking out coins for their collections—silver coins, unwatched by security or anyone except the cashier about 30 feet away who was often distracted ringing people up. The shoplifters were after better stuff. The coins were deemed not worthy of even putting in a glass case. Silver was about 4.75 per ounce then. Read More

10.07.14- Demand Explodes, Part 2: China's Coming for the West's Gold
The Wealth Watchman

In the past 2 days, the U.S. Mint has nearly sold the entirety of the Silver Eagles sold in the month of July! This also stretches the silver to gold sales ratio to 220 to 1 (if buffaloes are counted).

At a gold to silver ratio of 70 to 1, this means that in dollar terms, 3 times as much silver is being bought than gold!

I cannot remember such a beginning to a sales month in the history of the U.S. Mint. Read More

10.06.14- US dollar rally over as gold and silver bounce back notes Credit Agricole
Peter Cooper

Just when the consensus was absolutely convinced that the dollar could only go higher it is falling back today and precious metals are rallying. Contrarian analysis rules as we suggested it might earlier today.

Credit Agricole European head of FX strategy Adam Myers discusses opportunities in the foreign exchange market with Manus Cranny, Anna Edwards and Mark Barton on ‘Countdown’…View Video

10.04.14- Weekend Rant: Elites V Gold...
Still No Contest

Michael Noonan

Without question, the least understood, least visible force that affects almost everyone’s lives, certainly in the Western world, is that of the elites, the moneychangers, the relative handful that controls everything, from the BIS, IMF, and down to the central bankers. These individuals remain nameless and faceless, but their roots are founded by that widely known banking clan, the Rothschilds. Read More

10.03.14- 3-D printing to boost silver

Silver may often take a back seat to gold, but new demand from the tech industry is creating a robust market for this precious metal.

This year alone, the tech industry will likely demand 57% of all silver produced, which represents an all-time high.

Plus, a study prepared for the Silver Institute by the Metals Focus consultancy in London predicts that the demand will grow 5% every year through 2016. This is above the forecast growth for global GDP! Read More

10.02.14- U.S. Dollar is the Last Stop Before Gold and Silver Spike
David Morgan

Alan: Silver has been under pressure. We saw a little bit of a pop when Mario Draghi did his thing last week. This is an environment where precious metals should be off to the races and yet it's been down for gold… they are taking gold out to the woodshed.

David: As far as I'm concerned, and this is not about being right, or being stubborn, this is about my analysis, right or wrong. I really think this is the month where we are going to turn around, meaning that the bottoms for both metals could be tested. Silver broke below the $18.17 low that I have been talking about for a long time. The next level of support is the $17.50 area. Read More

10.01.14- New fiscal year starting point, we feel the Precious Metals bottom is here now!
JB Slear

The meteoric rise in the Dollar took one quarter of a year to rise from a low of 80.00 to the height of 86.335, which happened to be yesterday's high and the end of the fiscal year for the USA's government. Today, our fiat currency stands at 86.155, up 10.8 points from yesterday's close. There has been no change within the economic structure of the country with the exception of continual weakness everywhere because of the rising and export crushing rally in the Dollar and a collapsing housing market. Why the rise? It's a bankers folly at best. Treasuries have rallied a little with the 30 Year Bond rising from 134 to 138 in the quarter, but look weak as more and more nations see no reason to hold onto a product that supports a system that claims its only power is to blow things up if they don't use the fiat they demand to be used. Read More

09.30.14- Silver Is Getting Murdered... How Low Can It Go?
Jimmy Mengel

There's a reason they call silver the “Devil's Metal” — following its whipsaw price fluctuations can make you feel possessed by some awful demon.

Since silver is a constantly shifting monetary asset, an investment vehicle, and an industrial metal, the price cycles can leave your head spinning like Linda Blair in The Exorcist.

And by the way it's been going — I have a significant investment in physical silver myself — I'm not above channeling some dark magic to turn this thing around. Read More

09.29.14- Is It Time to Buy PM's?
Larry LaBorde

I am often asked the above question several times each day. It looks like a triple bottom is shaping up in the near future.

Gold is getting close to its cost of production. The gold/silver ratio is going higher indicating that silver is the better value of the two at present. But sitting back and taking a look at the big picture consider the following top 10 list:

• Growth of the Federal Government

The followers of Lord Keynes have the controls of power firmly in hand. A larger central government = larger central power (central planning) = larger drag on the real economy. Ask any small businessman (if you can still find one) about the costs of taxes, regulations and licenses. Read More

09.27.14- Poor Man's Gold!
David Chapman

Silver is the Rodney Dangerfield of the precious metals. It gets no respect. Maybe this chart says why. The price noted in the chart above is as of the end of August. Today it is lower around $17.80. On an inflation-adjusted basis, silver is trading around where it was in either the late 1800’s or “heavens above” back around 1780.

Some improvement. Outside of a good run in the mid-1800’s and the famous Hunt Brothers spike into 1980 silver has actually been in a long-term downtrend on an inflation-adjusted basis.

Silver has thrust above the long-term downtrend channel so that is positive. It remains down roughly 65% from the high of 2011. As to the inflation adjusted 1980 high, well silver would have to reach to roughly $128 to equal that run. Read More

09.26.14- Shanghai Silver Stocks Continue To Fall As Silver Eagle Sales Explode Higher
Steve St. Angelo

As the manipulated paper price of silver heads lower, so are the silver inventories as the Shanghai Futures Exchange.

The silver stocks hit an all-time low today as the price of silver trades in the $17 range.  At the peak, the Shanghai Futures Exchange held 1,143 metric tons of silver. 

However, today only 7% of that record amount remains.

As we can see from the chart below, silver inventories declined from a high of 575 mt (metric tons) in February, to a low of 81 mt today. Read More

09.25.14- Is Silver Indicating The End Game Is Near?
Tom Chatham

Gold and silver have suffered a beating this past week. Silver has broken below support levels and at this time the bottom is uncertain. One thing that is certain is that the manipulation taking place behind the scenes is providing a prime buying opportunity. While investors are having another bad day, stackers are enjoying every minute.

It is common belief that the destruction of the currency by unfettered printing should cause a rise in PM's but the manipulation taking place has made pricing PM's a guessing game for the past ten years. Only the final destruction of the fiat empire will usher in the unrelenting rise of gold and silver to their natural free market levels. Read More

09.24.14- Do Not Let Weakness in Gold & Silver Paper Markets Lead Your Wealth Preservation Strategies Astray
JS Kim

A week ago, I wrote an article titled, "Do NOT Let The Strong US Dollar Illusion Lead Your Wealth Preservation Strategies Astray." Today, I am releasing the corollary to that article with this one. I strongly emphasize that just as you should not be fooled by an illusion of a strong US dollar, you should not be fooled by the pro-USD banking cartel similarly-created illusion of weak gold and silver prices in paper markets. While true that I have held a long-term bullish outlook regarding gold and silver, my immediate-outlook in recent months has been markedly bearish in gold and silver as stated on my blog, and in much greater detail in my client research reports. At the very end of last year, I wrote an article "All the Big Banks are Saying Gold Will Crash in 2014, But That's Not What Will Happen". Read More

09.23.14- Has The Gold Price Drop Run Its Course?
Taki Tsaklanos

The gold price dropped in the last weeks, to close on Monday September 22nd at USD 1212 and EUR 942. Dollar gold is close to retest its bottom for the third time since mid-2013, a price level which was seen only in the summer of 2010. For readers seeking to understand what is going on, we are providing a comprehensive view on the gold market. We take all perspectives into account: price and chart patterns, the technical picture, sentiment, the fuures market, physical demand, gold miners, the influence of the dollar, correlation with commodities, monetary policy and inflation/deflation. Read More

09.22.14- David Morgan: US Dollar is the Last Stop Before Gold & Silver Spike
Greg Hunter

View Video

09.20.14- Gold And Silver – Current Price Is The Story
Michael Noonan

Forget all the news, all the fundamentals, all the [mostly errant] price projections.  There is a reason why a picture is worth more than 1,000 words, and this is one of those times where it is best to focus on pictures of the market, over various time frames, to get a better handle on what to expect moving forward.  Put to rest every so-called PMs pundit or blogger that has persistently been calling for higher prices or saying the low is in.

We keep saying that the best and most reliable indicators come from the market.  Time to stop listening about what others have been saying about the market and pay closer attention to what the market is saying about others. Read More

09.19.14- The Chart Every Silver Investor Should See
Steve St. Angelo

There is a chart that every silver investor needs to see.  Especially now, as the Fed and Central Banks continue to manipulate the precious metals lower while propping up the broader stock and bond markets.  Even though precious metals sentiment is at record lows, this normally represents a turning point in the gold and silver markets.

On the other hand, the clowns on the financial networks continue to be euphoric about the broader stock markets as they head toward the heavens.  The Dow Jones Industrial Average hit a new ALL TIME HIGH reaching 17,265 today.  However, if we look at the chart below, we can see a troubling trend. Read More

09.18.14- Just Three Days?
Bill Holter

So many topics to choose from today, Russia is pushing back on sanctions and has already begun to cut gas supplies to Europe. The Scottish independence vote which if "yes" means the end to a 1,000 year empire and brings into question the Anglo American banking and financial systems themselves. The ISIS situation and whether (in reality "how") we go back there with boots on the ground or not. We also have the FOMC meeting and statement coming today where we will find out whether QE will be publicly discontinued or not …I say "publicly" because the reality is such that QE will remain forever whether admittedly or in the shadows and hidden from view. We also have news of India tripling their gold demand as new physical gold exchanges open in China tomorrow. The "live" date has been pushed forward by a week or more, I can only wonder what this means because the Chinese NEVER do anything by chance or without reason. Read More

09.17.14- When Complexity Becomes Chaos
Dr. Jeffrey Lewis

Unsound money and finance are fuel for the fires lead to panic and chaos.

Modern achievements, especially in medicine and technology (fueled by cheap energy), have made the human experience longer and easier.

Yet, at the base of it all lays the irrational man, still flinging immorality from the cages of his ongoing existential dilemma. Read More

09.16.14- The Collapse Of U.S. Silver Stocks As Public Debt Skyrockets
Steve St Angelo

The U.S. Empire is in real trouble. This is due to its idiotic business model of selling quality assets while acquiring massive liabilities and debts. Of course, the U.S. Government realizes this is not a sustainable way to do business, but at least for now…. we continue to have our Bread & Circuses, McDonalds & NFL Football for a bit longer.

Furthermore, Americans have no clue that the U.S. Dollar’s world reserve currency status continues to disintegrate each passing day as more countries elect to by-pass the Dollar and trade in other currencies… especially the Chinese Yuan. Read More

09.15.14- The Silver Sentiment Cycle
Gary Christenson

In the early 1970s silver went from "ho-hum" to "enthusiasm" to "wow, who would believe it could go to $6.40?"  After the 2008 crash silver went from "going back to 5 bucks" to "enthusiasm" to "wow, who would believe it could go above $45?"

As a reminder, after silver rallied to the then astounding price of $6.40 in early 1974, it crashed back to $3.80 and then traded sideways for 2 years.  Less than 3 years later it had briefly traded at $50.00, due to a combination of inflation, debt and deficits, political issues, conflict with the USSR, fear, a market corner, and dollar weakness. Read More

09.13.14- Will The Real Silver Commercials Stand Up?
Dr. Jeff Lewis

One of the more persistent flaws in the world's most important price discovery mechanism comes down to a simple question.

How did it come to pass that banks were given access to the commercial category of traders?

It's a given that the market is rigged to high heaven. And it's completely obvious by now how it is accomplished. They only folks left in denial about it have a direct incentive for ignoring it - usually an obvious one. Read More

09.12.14- What's Next for the Dollar and Gold?
Axel Merk

One reason markets tend to get a little nervous in September is that it’s time for investors to ponder about their asset allocation for the remainder of the year and beyond. With the markets at or near record highs and the US dollar on a roll, what could possibly go wrong? Let’s look at what’s next for the dollar, gold, and currencies.

A couple of highlights:

  • Equity markets are at or near record highs;

  • Measures of complacency are near record levels (for example, the VIX index, a measure of implied stock market volatility, is near historical lows). Read More

09.11.14- A Win-Win Scenario for Gold Investors
James Rickards

Volatility and price drops may be nerve wracking, but the bull market in gold is far from over. In fact, it has barely begun.

To understand why, it helps to look at two prior episodes in the relationship of gold and money that are most relevant to today. These episodes were a period of extreme deflation, the 1930s, and a period of extreme inflation, the 1970s. History shows that gold does well in both conditions.

…neither the inflation nor the gold price spike happened overnight. It took 15 years to play out from start to finish. Read More

09.10.14- Seven Stages Of Empire
Bad Money Drives Out Good - Gresham's Law

David Morgan and Mike Maloney

"The idea of Gresham's law is simply that people are going to hold on to what's valued and spend what isn't valuable." - David Morgan

This week we revisit David Morgan's insights on the amazing phenomenon that played out for the first time in history over the last 100 years...the simultaneous debasement of all money on a global scale. Gresham's Law is a predictable pattern that plays out in every society as soon as the money is corrupted.

There is no greater proof than checking your pocket, and comparing your local coinage to that which you would have been using 100 years ago. Read More

09.09.14- Hold, Fold, or Be Bold?
Jeff Clark

Question: What’s the best way to determine if Prozac works?

Answer: Look at your gold portfolio.

I read about two dozen articles last Thursday about the gold market, and not one of them had anything positive to say. Technical analysts, mainstream economists, industry analysts—all were bearish for various reasons and timeframes.

Why invest in gold when… Read More

09.08.14- One of the Best Precious Metals to Buy Before 2015
Peter Krauth

Back in March I spoke about the precious metal palladium, and why this rare metal was headed higher.

At the time, it traded at $780/oz. Yesterday, it was trading at $886/oz. at mid-day, so the predicted upturn played out true to form.

Still, there's another rare precious metal that's set to do as well as - or better than - palladium, but that isn't on too many investors' radar yet.

Here's why it should be...Read More

09.06.14- Silver Squelchers Part 1: And Their Interesting Associates
Charles Savoie

HSBC USA in recent years was listed on the roster of the Silver Users Association (circa 2006). HSBC, with over 8,000 offices, appears to remain at the "centre" of silver price suppression.

Sir Ewen Cameron  whose family traced back into the 13th century, joined the Caledonian Bank in 1859 and afterwards was with the Bank of Hindustan, China and Japan, after which he joined the Hong Kong & Shanghai Banking Corporation—Britain's opium bank for China, and a major conduit for looting silver out of Chinese hands into the possession of the silver squelchers of The Pilgrims Society. Read More

09.05.14- Of Course The Gold Price Is Manipulated…That's The Point!
Julien Phillips

Throughout history, there have been a constant flow of schemes to try to manipulate the gold price and gold itself in terms of paper money. These have come from governments, institutions as well as from individuals. The aim has always been to either establish the value of currencies or enhance that value in terms of gold. The first key to this is to ensure that the gold price is made in the paper currency and not the price of the paper currency in gold.

At school you probably read the book called the Alchemist, where villains tried to invent formulae where they could transform lead to gold. While what they managed to do was a good confidence trick, they could not replicate gold. Read More

09.04.14- Commercials Cover $2.5 Billion in Gold Shorts in Latest Raid!
Marshall Swing

Gold has clearly been attacked this morning on a cloudy Tuesday here in the rainy Midwest of the United States.

Clearly, it is because it is raining here that gold has slid below $1,270 at this early hour.  Obviously, the Chinese saw the rains coming and wanted to take advantage of this great baptism and its flood to hide their evil actions but my mission in life is to point out these deceptive practices and unmask them! Read More

09.03.14- Hold Onto Your Gold: A Supply Shortage is Coming
Henry Bonner

As metals prices boomed during the last decade, small explorers and big miners spent billions of shareholder dollars seeking new deposits. Investors wanted the high rewards of a discovery as metals soared in price. At $1,900 per ounce of gold, even mediocre finds could make money.

Richard Schodde, of MinEx Consulting, has studied past exploration cycles in detail. He says we are seeing a tightening of the sector, as the availability of capital has plummeted. Costs of exploration are coming down as companies cut back on high-salaried employees and reduce operating costs.

The following chart from MinEx shows exploration expenditures rising quickly during the boom years: Read More

09.02.14- A Warning to Those Grown Bored with Gold
Rick Ackerman

I'm starting to warm once again to gold. Like many of you, Inever gave up on it, I just grew too bored to care. With the bear market in bullion about to enter its fourth year, who could be blamed for losing interest?  Gold has looked so punk for so long that every time it rallies sharply, I get that nagging feeling, as you probably do, that we're about to get sandbagged for the umpteenth time.  So why the change of heart? All credit to Richard "Doc" Postma, a friend and regular guest panelist with me on interviews with the (Al ) Korelin Economic Report. Doc, a physician by training, is also an astute investor and market timer. A patient sort as well, he is that rare bird who can watch and wait for months or even years while exceptional opportunities slowly take shape. Read More

09.01.14- Comex Gold Warehouses Filling Up…With Paper
Jeff Nielson

Willing or unwilling; we all now dwell in the fantasy-realm previously dubbed "the Wonderland Matrix". For the small minority who still retain mental awareness; this all-encompassing illusion of propaganda is like a thick fog which blankets reality. However, for the legions of brainwashed drones in our societies, the Wonderland Matrix is reality.

Nowhere is this blanket of fog thicker than in the precious metals sector. Here perversity is a way of life, as the genesis of the Wonderland Matrix began with the fantasy-world constructed here by the propaganda of the Corporate media. Read More

08.30.14- The Secret 21 Year Gold Cycle That Leads to World Commodity Bull Market Breakouts in 2014
Bo Polny

Get Ready for a Fall 2014 World Commodity Bull Market Breakout!

Cycle analysis indicates the third and final 7-year tidal wave of the 21 year Grand Tsunami Gold Bull Market cycle began this past July 2014; Gold has been consolidating in the 7th year of sabbatical rest within a Symmetric Triangle and one final push lower is still possible before a breakout arrives this fall 2014 that lead to World Commodity Bull Market Breakouts! Read More

08.29.14- How to Invest in Silver Today for Double-Digit Gains
Peter Krauth

If you've been watching silver for some time, you know it's been in the doghouse.

After peaking at $49 back in April 2011 the white metal is down 60%, having languished between $19 and $22 for the past two years.

But a confluence of factors is building that make today's silver prices look downright cheap.

Here's how the bull is going to run - and how you can ride it all the way up from here... Read More

08.28.14- Staring Into the Great Abyss
Gary Christenson

Is a looming war coincident with a depressed gold price and a stock market peak an example of — staring into the great abyss? 

From Peter Cooper:

"A five-year regime of artificially low interest rates is responsible for a bubble in stocks, bonds, real estate, emerging markets and many other asset classes…What would you rather own when staring into the great abyss?" Read More

08.27.14- UPDATE: Shanghai Silver Warehouse Stocks Fall 24% In One Week
Steve St Angelo

Shanghai Silver Stocks JUL-AUG 2014 NEWWhile the Comex utilizes highly leveraged paper contracts to control the price of silver, physical metal continues to be drained out of the Shanghai Futures Exchange.  In just one week, total inventory declined by 24%.

As I mentioned in a earlier article, the Comex is more of a paper trading exchange in which the majority of contracts are settled in cash.  However, the opposite is the case with the Shanghai Futures Exchange as the majority of contracts are settled with physical metal. Read More

08.26.14- More Comex Blatant Manipulation
David Kranzler

"It's so blatantly obvious that even a caveman can see it"

The front month silver contract on the Shanghai Futures exchange is currently trading at an 8% premium to the LBMA price and the futures curve there is in backwardation, indicating a very tight physical market.  Roughly 80% of the physical silver from the SFE vaults have been removed.

On the Moscow Exchange, silver trades at a 16.8% premium to the LBMA price. But this is what we get in the lawless United States: Read More

08.25.14- The Swiss Gold Initiative
Turd Ferguson

When we first wrote about this, we actually caused a bit of a stir but the primary vote on The Swiss Gold Initiative was still over six months away. Now, with the date of the vote rapidly approaching, it is time to begin reviving this issue.

Interest is beginning to build, awareness is growing and the date of the national referendum has been set. Later this year, on November 30, the good people of Switzerland will finally get an opportunity to make their voices heard. The Swiss Gold Initiative can be roughly stated in three parts: Read More

08.23.14- Low Prices Are NOT The Reason To Own PMs
Michael Noonan

“ISIS poses a greater threat than 9/11. This is way beyond anything we have ever seen. We must prepare for everything.  Get ready!”  US Secretary of Defense, Chuck Hagel.

Whoa, Chuckie…back off a bit, here.  Just who do you think it was that helped create the Islamic State of Iraq and the Levant, aka ISIS, fund them, train them, and provide the best weapons for them?  Can you spell U S, as in a part of your title description as Secretary of Defense?  Are you really telling America, and the world, that you are actually that clueless? Read More

08.22.14- Silver: As Close To A No-Brainer Investment As It Gets
Jeff Clark

Jim Rogers once quipped that he waits to invest until “there’s a pile of money just sitting there in a corner and I can walk over and pick it up.”

In other words, an asset that’s deeply undervalued, widely ignored, with potent fundamentals ready to kick in.

Is there such an opportunity in any of the precious metals right now?

One could make a case for all of them, given the likelihood of high inflation and the mainstream largely ignoring the industry. But there’s one metal in particular that I think will deliver the most fireworks… Read More

08.21.14- Think Like a Pirate
The Wealth Watchman:

The "Saddle Ridge Hoard"  of 1,400 US gold coins was recently discovered by a couple in California, buried in several old, rusty cans.  The cans were happened upon by the couple who were walking their dog, and when it was all dug up, over 1,400 U.S. gold coins were recovered from them.  Why would someone bury these coins during a time of the classical gold standard?  Ponder this, from the throughout that timeline, up until about World War I, both gold and silver coins could be obtained from any bank by simply redeeming your certificates(your dollars) in exchange for them.
Paper dollars were originally a receipt, a claim, on the real goods: gold and silver. The person who owned those coins, simply could have left them in their local bank's safe, and just returned the receipts in exchange for the coins anytime they wished. Read More

08.20.14- Big Move Brewing for Gold
CEO Technician

A series of lower highs/higher lows often leads to the formation of a symmetrical triangle (coil). Such is the case currently with gold which has been coiling for weeks near an important price memory zone near $1300.

Since the April 2013 gold crash the $1300-$1325 area has served as a powerful magnet for price. With the coil tightening recently, the probability of a decisive breakout from the range have increased significantly – from the stockcharts.com section on symmetrical triangles:

“The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern’s development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). Read More

08.19.14- Inflation Is Headed Our Way
David Schectman

My feelings all along were that when the ever-swelling "beneath the Middle Class" segment of Americans who subsist on unemployment and welfare checks can no longer afford the basics –medicine, housing and food – any "spark" will ignite more "Fergusons" across America.

All of us here at Miles Franklin believe that serious inflation is headed our way.  We believe that the U.S. dollar may not lose relevance, but it will lose exclusivity as more and more countries start trading "outside the dollar." Read More

08.18.14- The Attack On Gold/Silver: Nothing But Shock And Awe
Dave Kranzler

A pure psychological warfare operation on the metals. I received several emails and phone calls from clients and colleagues who were in a panic. My response was: "It's a mid-August Friday, the rest of the world is at happy hour or in bed. Most of the big players in this country are at the beach. India was closed last night for their Independence Day, which put a lot less demand-stress on the physical market.

Something really ugly is developing behind the scenes that is not apparent yet and that's why they smashed gold during the one of the most quiet trading periods of the year. Read More

08.16.14- Fighting The Fed Can Be Great For Your Wealth
Graham Summers

For decades, investors have lived by the adage that you should not "fight the Fed."

In simple terms, this meant not investing in a fashion that went against the Fed's policies. If the Fed was easing, you didn't want to be short. And if the Fed was tightening, you didn't want to be long.

However, the fact of the matter is that fighting the Fed has done very well for investors. We don't mean"fighting the Fed" by buying or selling stocks based on individual Fed policies... We mean, "fighting the Fed" by owning Gold. Read More

08.15.14- Silver price steady as the London price fix ended yesterday
Peter Cooper

The London market for silver enters a new era today with the ending of the London silver price fix after 117 years.

As of today it is replaced by a new benchmark administered jointly by Thomson Reuters and the CME Group offering a superior level of transparency and reckoned to be immune to illegal price fixing that has been widely alleged to be a feature of silver prices up until now. The LBMA will accredit price participants and own the intellectual property rights. Read More


08.14.14- Black Swans on Final Approach
Gary Christenson

There are several potential disasters that could disrupt the financial and political status quo, much like what happened after an Archduke was shot 100 years ago.

Brutal Facts: From Simon Black regarding the experiences of US Navy Pilot James Stockdale in captivity in the "Hanoi Hilton" in the late 1960s.

"Who didn't make it out?"

"Oh, that's easy," replied Stockdale. "The optimists."...Read More

08.13.14- The Unknown Factor: How The Global Financial System Will Collapse
Steve St. Angelo

One day out of the blue, the Global Financial System will collapse plunging the world’s economies into a depression for which there is no recovery. The reason for this sudden collapse will be due to a factor that most analysts fail to recognize or understand.

While the mainstream media and alternative analyst community focus on the typical economic indicators, monetary system, derivatives and debt markets... the real problem for the world financial system will be the rapid change in the “PERCEPTIONS” of assets by investors and the public. This event will likely occur rather quickly - virtually overnight. Read More

08.12.14- Top 7 Reasons I'm Buying Silver Now
Jeff Clark

I remember my first drug high.

No, it wasn't from a shady deal made with a seedy character in a bad part of town. I was in the hospital, recovering from surgery, and while I wasn't in a lot of pain, the nurse suggested something to help me sleep better. I didn't really think I needed it - but within seconds of that needle puncturing my skin, I WAS IN HEAVEN.

The euphoria that struck my brain was indescribable. The fluid coursing through my veins was so powerful I've never forgotten it. I can easily see why people get hooked on drugs. Read More

08.11.14- Reportable Transactions when
Buying and Selling

JM Bullion

Stacks of Money

Read More


08.09.14- Gold and Silver - From Manipulation to Hyperinflation
Dr. Jeff Lewis

The precious metals are lynch pins. They are namanipgging and persistent counter-parties to money printing gone wild.

It's been this way for as long as commerce was semi-civilized. (Though given the amount of financial fraud, violence, and chaos in the world, the term "civilized" might need to be reconsidered)...

When prices began to fly, the point of no return will be long since passed. Read More

08.08.14- The Golden Age of Silver

Stacks of Money

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08.07.14- The Best Way to Profit from Gold's Supply Crunch
Byron King

I want to give you some perspective on the gold space. This pertains to any gold investor, whether in big miners (like a couple I name below), or the small, junior-space plays.

I came away from Vancouver last week, at the Sprott Natural Resource Symposium with the distinct impression that we're looking at better days ahead for gold, and soon. Gold discoveries are drying up, and really good, new plays are few and far between. We're looking down the barrel of a severe supply crunch, with many implications. Of course, you have to separate the spin from the reality of what's happening out in the field. Read More

08.06.14- Why You Should Ignore the Gold Sell Off
Henry Bonner

On July 13, gold was still around $1,340 per ounce. Since last Monday, gold has suffered a big drop, falling as low as $1,293 in a few days. Many blame the decline on hawkish comments from the Fed's Janet Yellen, who recently suggested the Fed could raise interest rates. "Higher interest rates would encourage investors to switch to assets that, unlike gold, pay interest," said the news service Reuters.

Following Thursday’s news from the Ukraine, gold has rebounded from its low, but remains under $1,320 as of July 18. Rick Rule, Chairman of Sprott US Holdings Inc., recently said gold could fall back another 10% as a normal event in this market. I asked him whether this week's step down had altered his views on gold for 2014. Read More

08.05.14- Silver: Something Doesn't Add Up
Gold Squeeze

One of the first things you learn when studying economics is the law of supply and demand, defined as follows:

"In a competitive market, prices are determined by the interaction of supply and demand: an increase in supply will lower prices if not accompanied by increased demand, and an increase in demand will raise prices unless accompanied by increased supply."

This is ECON 101 and it's a fairly simply concept to grasp. Read More

08.04.14- If, and When, the Gates Close Forever
Dr. Jeff Lewis

If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don't deal in lies,
Or being hated, don't give way to hating,
And yet don't look too good, nor talk too wise:

Nearly seven years after the world's greatest financial crisis, we remain in monetary emergency mode, an irony matched only by the last minute (literal, and relatively quiet) battening down of the monetary hatches. Read More

08.02.14- New World [Dis]Order Continues To Slip
Michael Noonan

Earlier in the year, we stated 2014 could be like 2013, price-wise, and that appears to be playing out. However, as the idiom goes: appearances can be deceiving, and it is certainly true of the chart prices for gold and silver. The natural forces of supply and demand would have PM prices much higher, if for no other reason than an inflation adjustment. It is the ongoing exertion of unnatural forces that have been dictating prices for so long.

The irony of the go-nowhere-but-down price action, since the highs of three years ago, is that the charts do not portend the unfortunate possibility of war. Read More

08.01.14- The Gold Owners' Guide To The Rest Of 2014
Michael Kosares

Over the next few weeks, I will make a series of posts on the current state of affairs as they relate to the gold market. So stay tuned to this page. . . . .

Let me start the proceedings with this - a repast on the nature of the human predicament 2014. Below is a follow-up to Richard Russell's stated concerns (scroll below) on the persistence of war and inflation in human affairs. I do not bring this line of thinking to your attention to disturb your comfort level, but to make you aware that there is more going on than the panoply of misdirection afforded us by the mainstream media. (Today's somewhat mysterious 300 point + drop in the DJIA might be trying to tell us something. Stocks are now level for the year. Gold is up over 6.5%.) Read More

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