Marc Faber says the stock market is setting up for a decline more painful than the sudden crash of 1987. "I think it's very likely that we're seeing, in the next 12 months, an '87-type of crash," Faber said with a devious chuckle on Thursday's episode of "Futures Now." "And I suspect it will be even worse." Faber, the editor and publisher of the Gloom, Boom & Doom Report, has recently cal... read more

For decades many of us in the hard money world have speculated that cloak and dagger activity by large financial interests has played a large role in determining performance in the gold market. The focus of this alleged manipulation is believed to be in the London market, and has been widely referred to as "The London Fix." However those who have blown the whistle have been dismissed as alarm... read more

Shanghai Gold Exchange will start a gold leasing platform in the first half of this year asChina’s largest bullion market increases its range of products. It will introduce lease rates in yuan for fixed time periods, Teng Wei, a department manager at the bourse, said... read more

Since the high in 2011, silver has gone through a major correction.  Silver is roughly 60% off the 2011 high.  This may sound extreme but for silver this decline is just a normal move in its bull market.  The first big decline was from $8.40 to $5.40 back in 2004 -- that represented a 35% plunge.  The next major pullback took place in 2008, when silver collapsed from $21 to $8.40 -- this, l... read more

1.A week ago, gold had fallen to about $1277, and many investors and analysts turned bearish there. 2.In contrast, I suggested that the Western gold community should focus on the potential for immediate upside price action. 3.Please click here now.That’s the scenario I laid out... read more

The gold price closed at $1,311.10 up $2.30 on Wednesday, in New York. Asia lifted it to $1,319.50 ahead of London’s opening. The gold price was Fixed in London at $1,321.50 up $11.75. In the euro, it Fixed at €953.188 up €3.268 as the euro was weaker at $1.3864 down from $1.3788: €1. Ahead of the opening in New York gold stood at $1,321.00 and in the euro at €952.62. Silver Today –... read more

We are about to see the end of our current international monetary system. Based on much of the evidence that I have written about previously, this appears to be a certainty. The systematic build-up of this current monetary order went together with the gradual phasing out of silver from the monetary order. This system, by its very nature, has been diverting value away from silver. To understa... read more

It has been slightly more than two weeks since the price of gold soared to over $1380 an ounce on due to tensions between the US, Europe and Russia over Crimea. As to be expected the event did not escalate into a major global war and so much of the safe haven buying has dissipated for now. But, the problems in the Ukraine, both financial and social are far from resolved. On Monday, gold saw... read more

This is what I call an “erosion market.”  It's one of the nastiest types of markets that you'll ever have to deal with.  It's illustrated in the Dow chart by a large cluster of back and forth movements, appearing almost like a solid block of fluctuating movements.  This is a market where you buy a stock and a day later you're sorry you bought it as the stock suddenly drops 10%.  ... read more