Precious metals news

"Gold has been hammered of late, and some advisers are telling their wealthy clients to take advantage of lower prices and add to their stockpiles, amounting to 5% to 10% of total assets. That is up from an earlier recommendation of 3% to 5%, according to US financial services firm INTL FCStone."

The pain and value destruction in emerging markets is clearcutting assets from currencies to bonds to stocks. As the maelstrom shows no signs of abating and now marks the longest such event since the 2008 crisis, one question becomes more pressing every day: How long until it jumps the tracks and hits developed-economy markets, too?

Stuff that channel! When you want to dummy up your quarterly numbers so they look better than your actual operational performance legitimately dictates, manufacturing like crazy and then just having your products collect dust in a warehouse is one way to do it. Suddenly, with demand waning, it's an industry-wide phenomenon.

Investing in gold can be frustrating, maddening, infuriating even. When every last yahoo you know seems to be making effortless money by plowing everything they have into an all-time overvalued stock market, it can be incredibly difficult to stick to your gold guns. You should. Here's one reason why.

It looks like the mid-August lows were the lows for this move down, but we need to see this positive sign to help confirm those lows. Here are the details...

It's nearly certain the Fed will raise interest rates this month. What does that mean for gold once they do? Here's some insight...

Sometimes we need to step outside of a US dollar-centric view to get a true picture with what is happening to gold around the globe. Here are the details...

India's central bank is actively selling treasuries to buy gold as de-dollarization around the globe continues. Here are the details on India's growing stack...

The 10-year bond yield was steady, trading either side of 2.90%. The DX ticked down to 95.11, and gold edged up to $1,197. Gold was $1,197 bid at 4PM with a gain of $5.

Green technologies will consume over 1.5 billion ounces of silver over the next twelve years.
The Silver Institute highlighted the growing demand for silver in the green energy sector, along with some new technological innovations utilizing the white metal in its latest edition of Silver News. 

With hyperinflation gripping Iran and sanctions strangling the economy, Iranians are beginning to turn to gold to make everyday transactions, most notably to pay their rent.
The Iranian rial has depreciated rapidly since the US announced its withdrawal from the 2015 nuclear deal and the reimposition of economic sanctions. After the US formally announced it was pulling out of the deal in May, the exchange rate peaked at around 45,000 rials to the dollar. But that official rate was only available to well-connected bankers, importers and businesses. Average Iranians were paying twice that.  By July 29, money-exchangers in Tehran were charging around 100,000 rials for one dollar. Within 24 hours, it increased to 110,000 rials to the dollar.

Don't worry too much about the "why" of current stock market valuation lunacy. Simply know that the same mathematical corrections have happened for 147 years, and unless "this time it's different," which it never is, the market will be very lucky to only correct to the historical average, falling 56%, and not overshooting (as it almost always does).

We hear so many reasons to not buy gold, but here's one simple question every investor should answer about whether or not to buy the yellow metal...

As most precious metals investors know, instead of a sign of bad news, a high GSR can signal a tremendous buying opportunity. Even Bloomberg points out that silver is at its "cheapest level compared to gold" in a decade.

Dave Kranzler tells Silver Doctors why both gold & silver have the most bullish set-up in history. Here are the details... 

SD Midweek: It's Wednesday, but the week is really just getting started, and so far it hasn't been a fun ride, and it could get a lot worse. Here's why...

While near-term currency-crisis focus is on the Turkey appetizer, the main course will be decidedly Italian. Driven by populist leaders whose attitude toward Italy's self-incurred sovereign debt is essentially two extended middle fingers toward the more fiscally responsible members of the eurozone, it's going to get real, and real ugly, fast.

Whereas gold and silver were previously, confoundingly falling into largely bullish investor views and a spate of bargain hunting, we now see huge spikes in speculative shorts. Such huge spikes that both gold and silver net shorts are at all-time-high levels. This is the late-stage level of irrational greed that often precedes a market turn.

"I am aware of no plausible conditions under which current extremes are likely to work out well for investors. From current valuations, we expect that the total return from passive investment strategies will average less than 1% annually over the coming 12 years."

Pension true believers, you'll never forget the day GoldSilver told you that Santa Claus, the Easter Bunny, the Tooth Fairy, and the promises of long-gone elected politicians don't amount to a wisp of smoke. Math, however, is the one unflinching messenger of reality whose promises are always, always kept.