Precious metals news

Michael says his gold price forecast for New Year's Day may need to be revised. Here's why we may not make it to $1400 come January...

Because when you grow an enormous amount of soybeans, and your by-far primary-and-most-profitable market is shut off to you because of tariffs, it's all about creative storage techniques and the waiting game.

When you think of all the hand-wringing that goes on as the US obsesses whether or not inflation is running too hot by creeping just over 2%, it's difficult to imagine the realities of Venezuela, where 100% either way (149,900% right now, but not 150,000%!) hardly matters.

The vaunted vampire squid investment bank, which is used to barging into any market that it pleases, making up its own rules as it goes along, and getting away with it forever, confronts a strange event: Consequences for engaging in clear, persistent, pervasive fraud.

Today brings us Volume 2 of The Jeff Clark Mailbag, an ongoing series that will feature some of the most frequently asked and interesting inquiries Jeff has received, along with his answers.

The average person is propagandized to think gold isn't money, but the elites know better. Ron explains why, now, so many nations are going for gold...

Bill says when the music stops, there will be 382 people who think they own an ounce of gold, but in reality, only one person owns it. Here's an update... 

Central bankers and politicians actively intervene in the gold market. This may sound like a tin foil hat conspiracy theory, but there is plenty of evidence right out in the open. Chris Powell co-founded the  Gold Anti-Trust Action League (GATA) to expose the scheme. In this episode of It's Your Dime, host Mike Maharrey and Powell talk about how government's and central banks manipulate the market using "paper gold," and what it means to you.

As the stock market was tanking last month, Peter Schiff said a recession is obviously coming. Now things have calmed down a little bit and everybody seems convinced October was just a bad month —  a needed correction. But as Peter has been saying, there are some fundamentals everybody is ignoring that look really bad. The housing market, in particular, is showing signs of trouble. In fact, we don't have a booming economy; we have a bubble.
In an article published on Seeking Alpha, Mad Genious Economics provides an in-depth breakdown of an economy rolling over, focusing specifically on housing and auto markets, the trade war and banking. 

The DX ticked up to a session high at 97.59 and gold was $1,201 bid at 4PM with a loss of $8.

Join GoldSilver Senior Precious Metals Analyst Jeff Clark for his recent presentation at The Silver & Gold Summit in San Francisco as he discusses the extraordinary valuations -- both high and low -- that define current asset markets today. Get Jeff's best advice on how to capitalize on the astonishing undervaluations in gold and silver that exist in such stark contrast to the markets caught up in The Everything Bubble.

Dave Kranzler says with a gold price a few hundred dollars higher, this project is potentially a home run for a large mining company. Here's why... 

The coming credit crisis will be the catalyst for China to adopt gold into their monetary system, Alasdair MacLeod tells Silver Doctors...

The USD remains a preferred flight-to-safety trade. At GoldSilver, we know the day when the USD is exposed for the un-repayable, just ink-on-paper I.O.U. it is... it's inevitable. And when that day comes, the flight to true safety, to gold and silver, will be unprecedented.

Are gold & silver about to blow through their 2015 bottoms and foster panicked, sharp selling by investors? Here's the bearish case...

"Ben Bernanke and Janet Yellen blew it, so it's been left to the current Fed leadership to do the heavy lifting over a much shorter timeline. Predictably, pulling away the punch bowl has spoiled the asset-bubble party, and now all the asset bubbles are increasingly at risk of deflating."

As with most markets, the correction started with what were the hottest, most extremely overpriced. But now? Arlington, Santa Rosa, Greenville, Lafayette, Honolulu, Birmingham, Shreveport, San Antonio, Toledo, Richmond, Overland Park, Fort Wayne, Naperville, Tulsa...

SD Outlook: With three factors standing in gold and silver's way, we just might not rally into year's end. Here are the details...

"While the government agencies and economists continue to publish strong GDP figures, they seem to overlook how much debt it took to produce that growth. The days of adding one dollar of debt to get one dollar of GDP growth have been long gone for more than 40 years."

"In the retail investor sector, the survey found that coin and bar demand was mixed, with overall demand up everywhere on a year-on-year regional basis, except in South America and Mexico. Overall retail investment demand in the US rose 26%, due to strong coin demand."