Precious metals news

Eric and Dave break-down the week's news, including discussion if gold has bottomed, and the correlation between gold and the Chinese yuan...

"we will soon be running out of food to sustain the bears, as there are simply too many of them now to feed." Here's what running out of gold sellers […]

John Rubino says there's no need to mince words anymore: The gold price is going to spike, and silver will perform even better than gold...

The Treasury Department bank regulator, yet again, answers an honest inquiry with what amounts to a spit in the face. Read it here... 

After France's Total was forced to exit a giant Iranian natural gas project due to US sanctions, China immediately stepped into the breach and ponied up $1B for an 80.1% share of the massive South Pars project.

America doesn't import much from Russia, so without tariff weaponry to respond to sanctions, Russia goes after the USD. "We have significantly reduced our investment in US assets. In fact, the dollar, which is considered to be the international currency, becomes a risky tool for payments."

Big banks. No matter how you feel about them, they're linchpins of the financial system and they control vast amounts of capital. Here are a dozen investment banks and their gold price forecasts for 2018 and beyond.

A robust yet surprisingly simple look at the all important question, "why invest in gold & silver?". This article has something for everyone to learn...

SD Metals & Markets: Gold & silver have moved lower as the dollar has strengthened, but is the dollar the cause, or could something else be at work?

When the globalists finally lose the ability to rig gold & silver, the run-up in prices will make the run-up in Bitcoin look like child's play. Here's Rob's take...

SD Friday Wrap: You thought I'd say what? Gross. Here's what just went down in gold & silver this week (Spoiler Alert: not much in terms of price)...

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

I know what you need.
A grill.
No. Not the thing you cook meat on. A grill. For your teeth. Like Drake recently got.

As Jim Rickards put it in a recent column, there's a lot of "happy talk" coming out of Washington D.C.
To hear Donald Trump tell it, we might be in the midst of the greatest US economy in history. When the Q2 GDP number came in at 4.1%, the president called it "an economic turnaround of historic proportions." Of course, Trump isn't alone in his optimistic hyperbole. Politicians and pundits all across the mainstream keep telling us everything is great. They see growth from horizon to horizon. Employment is booming. Americans are spending.
The problem with all the happy talk is that it doesn't have much to do with reality. The Trump economy looks pretty much like the Obama economy.

The US 10-year bond yield rebounded from 2.853% to 2.879%, while the DX remained nervous and choppy between 96.22 - 96.36. Gold traded narrowly between $1,210.50 - $1,212.50 and was $1,211 bid at 4PM with a $1 loss.

Cut taxes, ramp spending, print currency. We are watching the well-established blueprint for a fiat currency going to zero, in real time.

"Cargo ships have been sailing in circles because of the ongoing US-China trade war. The Amsterdam-based trading company Louis Dreyfus is reportedly paying about $12,500 per day to keep the Pegasus afloat in an attempt to wait out the trade war."

It’s been another week of “strange things happening in the world,” but Eric is back again to reassure us that precious metals are hanging in there...

Eurozone finance structure is a lot like a half-mile-long shoelace tied in 10,000 knots throughout a woman's long, frizzy hair, all coated with about 5 pounds of chewed bubble gum. It's just a really nasty, beyond-repair situation, and nothing's going to fix it except razing the whole thing and starting over again.

As the Turkish lira implodes, market participants are well-served to remember that with all of the smoldering geopolitical, currency, and economic fires sparking and smoldering around the world, we never know exactly which one, when, will fell the dominoes that spell global financial crisis.