Precious metals news

Ignore the meaningless public statements, the staged-photo-ops, the whole public relations dog-and-pony show. With his huge central-bank purchases of gold and massive sales of US debt, Vladimir Putin is sending a single, clear message: "I know the dollar is doomed. And there's nothing you can do about it."

One effect of Fed chairmanship on the brain seems to be its permanent existence in a parallel universe. Geithner, Paulson, and Bernanke all agree: The main problem these days is that the same strange, privately owned entity that controls all currency issuance in the US and singlehandedly dictated the course of multibillion-dollar, taxpayer-funded bailouts for giant banks doesn't have *enough* power.

Lynette says gold & silver will protect people from the reset, as gold & silver have protected people for 1000's of years. Here's the details...

Dan Kurz runs the DK Analytics website where he posts detailed breakdowns of complex economic issues. We recently interviewed Dan as part of our It's Your Dime Series.  In his most recent post, Dan used his analytical skills to break down the first 18 months of the Trump administration.
Dan finds a little good, a little bad and even some ugly in the first year-and-a-half of Trump's term. Dan likes the fact that the president has called out fake news, the fact that he seems to be pushing back against the establishment/deep state and his Supreme Court picks. On the other hand, Kurz believes the growing trade war could be bad news for the US economy and sees some troubling Hooverism developing.

Global mine production fell slightly in 2017, the first drop in mine output since 2008. In fact, gold production has generally increased every year since the 1970s. The drop in 2008 was something of an anomaly, as it occurred at the onset of the 2008 financial crisis. The recent slowdown in mine production is more concerning. In fact, many people speculate we may be at or near "peak gold."

Dave Kranzler explains not only why gold got hit hard today, but what it means is about to take place in the economy. Here's the details...

Here's the problems in trying to get the gold rigging exposed to the public and out in the open, and also a tactic which could end the rigging overnight...

To say current commodity prices represent a “buying opportunity” dramatically understates the case. To find a time when gold and silver prices were this cheap relative to stocks, you have to go back two generations.

Believe it or not, there was a time when oil prices were rock-steady. In the 1960's, the US oil price fluctuated from $1.80 to $1.80. That's not a typo. Oil remained the exact same price for a decade. Then the gold standard was jettisoned. Since then? Oil price, and by extension, business predictability, chaos.

Stewart Thomson says in a decade, the dollar will surely look good in a glass jar in a museum. Here's what that means for gold...

When the flag waving and chest-beating die down, when the meaningless government-data headline numbers fade from the front page, all that's left is the vacuum of stark reality: The quiet desperation of the American middle class continues to grow as inflation ramps while wages and personal income go nowhere fast.

When the thesis of your academic argument keeps falling apart under the wear and tear of real-world application, check your premises. Kashkari, par for the Fed course, believes they can stave off recessions permanently if they just interfere often enough and long enough. Not so.

Marshall just sent us some very interesting calculations as he continues to lay out his case for the Global Economic Collapse this (or next) Friday...

Wall St. regulates the government. Not vice versa. Both Goldman Sachs and Morgan Stanley failed the much-vaunted stress test designed to keep banks from imploding on the taxpayer's dime. The bootlicking Fed shrugged and did nothing while giving both banks a "conditional non-objection." Carry on, my wayward sons.

Yesterday we said it looked like there was more pain to come, and today we're feelin' the pain. Here's an update...

"Talk about a perfect revaluation storm — the dollar down, bonds down, stocks down, and precious metals up — in the making, otherwise also known as a 'reset.'"

Harvey has an update on the latest action in gold & silver, and a warning to those who buy GLD...

Maersk is girding for a steep decrease in Asia/North America trade traffic as it begins to dawn on the market that all of the verbal saber-rattling leading up to tariff enactment is about to result in actual commercial bloodshed.

In an era when political stances and wills change with the direction of the wind, Ron Paul has been an advocate of basic fiscal sanity for decades. He understands, as do all those who study historical market cycles, that you have to willing to be publicly wrong first, sometimes for quite a while, before you're proven really, really right.

It seems like the major break-out in gold is looking like it's going to happen next year. Here's the short-term bearish case for gold...