On Monday, silver was drifting lower again following a scorcher of a week when the metal gained 6% to hit a 2016 high above $16.30.
Silver futures in New York for delivery in May, the most active contract, was last trading at $16.23 an ounce, still up just shy of 17% so far this year.
Silver is now outperforming gold as investors seek an alternative to gold following the yellow metal's... read more
Many of us have waited for today, April 19, as we anticipated the new Chinese daily gold fix and the opening of the ABX physical exchange. Some may be disappointed, other ecstatic. I will say I am personally pleased because it was almost exactly as I suspected.
Much has happened over the last couple of weeks and a lot of it has to do with "truth" being exposed. The "markets" are no... read more
As people continue to digest breaking news from around the world, the Godfather of newsletter writers, Richard Russell, warned people last year to prepare for something worse than the global collapse of 1929 – 1932. Russell also answered the all-important question: Will the U.S. seize gold?
Legendary financial writer Richard Russell issued a dire warning last year before his passing.... read more
Today one of the top money managers in the world told King World News that China’s new gold fix is the first step in moving the price of gold to $10,000 – $20,000.
China Introduces Its Own Gold Fix
Stephen Leeb: “What China has essentially done today is introduced their own gold fix priced in yuan. Once the world views gold in terms of yuan per grams of gold as the way of mea... read more
Gold Looks Ready To Spike Higher – JPM Gets It Wrong Again
Financial Markets, Gold, Market Manipulation, Precious MetalsComex, GLD, gold bull market, gold eagles, LBMA price rigging
These are the most gold-friendly readings in almost 2 months. India is getting ready to participate in the world gold market again. India’s gold imports drop 80.48% to $972.9 million in Mar... read more
As we move into the beginning of the second quarter after a wild start to the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned that all hell is about to break loose.
Egon von Greyerz: “The global economy turned down in earnest in 2006, but with a massive worldwide printing and lending pr... read more
Gold sales surged in Japan through March after the country’s move to set negative interest rates sent investors scurrying for a shelter, a further sign that global central bank policy of keeping borrowing costs low or below zero is stoking demand for bullion.
Bar sales climbed by 35 percent to 8,192 kilograms in the three months ended March 31 from a year earlier, Tanaka Kikinzoku Kogyo K.... read more
The big buzz yesterday in the precious metals market was the news that Deutsche Bank has agreed to settle charges for its role in manipulating the London Bullion Marketing Association (LBMA) daily gold/silver price fixings. My view on this, albeit admittedly jaded, is that it is akin to the settlement charges being paid by the big Wall Street banks for their fraudulent behavior in the housing b... read more
Time to short the yen again? It’s tempting to wonder as none other than Mr. Yen, aka Eisuke Sakakibara, says the currency will strengthen to 100 by year-end.
A one-time Finance Ministry big shot, Sakakibara has long been a walking, talking (too much, actually) contrarian indicator. One quick example: During a panel I moderated in May 2010, I asked Sakakibara if the Bank of Japan might rais... read more
