Precious metals news

SD Friday Wrap: Things look good to end the week, but we're still vigilant and at the ready...

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 can think of a lot of places you might not want to store $26,000 in gold.
For instance, it might not be a good idea to put your gold in a cat litter box. And you might not want to stick your gold inside an old boat. And if you did put your cat litter box filled with gold inside an old boat, you probably wouldn't want to ask your druggie neighbor to help.
Well, a couple in Florida did a three-fer. They put their $26,000 in retirement gold in a cat litter box and asked their druggie neighbor to help them hide it on their boat.
The next part of the story won't surprise you. The druggie neighbor apparently stole it.

In a recent interview on RT Boom Bust, Peter Schiff talked gold.
In a piece he wrote for the December issue of the World Gold Council Gold Investor, WGC chief market strategist John Reade outlined several key reasons he thinks gold will shine in 2018. He said rising global income will be the primary factor pushing demand for the yellow metal upward in the next year.
Peter put a little different spin on Reade's analysis, saying it's not just rising incomes in places like India and China that will help boost gold. Global inflation will play a key role.

So, the big question to all the Bitcoin investors & crypto traders..... Will the market recover or will the crash continue? The King of cryptocurrencies plunged a staggering 45% from its record high in just five days

In addition to analyzing the COT Report, Dave Kranzler shares an unconventional but reliable contrarian indicator signaling that the bottom is in...

The Dollar (UUP) continues to form a bearish head and shoulders pattern in textbook fashion. I expect the Dollar to continue to decline and test September lows.

Russia has been very busy this year in the gold market. Here's the details...

Ron Paul discusses the race to get away from the dollar on today’s Liberty Report!

If you wanted more evidence that Central Banks will stop at nothing to induce inflation, consider that yesterday Bank of Japan stated that it will continue with its QE program & with negative rates for as long as it takes to achieve 2% inflation. Mind you, Japan’s economy has just posted its SEVENTH straight quarter

The XAU/USD pair gained traction in the NA session and advanced to its best level since December 5 at $1275. As of writing, the pair was trading at $1274, adding $7.5, or 0.6% on the day.

Good cheer has arrived at precisely the perfect moment.  You can really see it.  Record stock prices, stout economic growth, and a GOP tax reform bill to boot.  Has there ever been a more flawless week leading up to Christmas?

President Donald Trump signed the Republican tax-overhaul bill to little fanfare on Friday, delivering a major tax cut to U.S. corporations along with a package of temporary cuts for other businesses and most individuals.

New home sales for November surged 17.5% MoM in November to 733k units sold SAAR. The US finally made it back to 2007 levels. As we know, existing home sales also shot up in November. Much of the g…

A crackdown on excessive debt. Financial engineering gets more expensive.

Sustained unconventional monetary policies years after the 2008 global financial crisis may have sown the seeds of the next financial crisis, which might take root as central banks continue to normalize their policies and shrink their balance sheets.

Investors are fleeing the speculative mania of Bitcoin and seeking refuge in the true flights to safety - gold & silver. Here's an update...

The 13-week annualized credit card balances in the U.S. have gone completely vertical in the last few months of 2017, a troubling sign and yet another confirmation that US household savings are almost gone

(Mostly Agency MBS This Time) The Federal Reserve continues to shrink its balance sheet at a speed that rivals that of a penguin.  Yes, The Fed of New York shrank the balance sheet by $4.8 billion over the past week. This past …

While people can own bitcoin, "now's the time" to get into gold, the CEO said.