"The price management scheme continues. Here's a great primer on the current state of the precious metals markets..."Editor's Note: There are many ways that governments, central banks and their agents (such as you will hear about in the speech below) "manage", or, as we say around here, "suppress" the prices of gold & silver, but after silver broke out of its range post-FOMC, only to be smashed ba...Read More
By Amrith Ramkumar and David Hodari Gold prices fell to a fresh 2018 low on Thursday, continuing a prolonged retreat even as investor jitters over a potential trade war stoked volatility in other markets. Front-month gold for June delivery declined 0.3% to $1,267.20 a troy ounce on the Comex division of the New York Mercantile Exchange, its fourth drop in the past five sessions and its lowest cl...Read More
By Amrith Ramkumar and David Hodari Gold prices fell to a fresh 2018 low on Thursday, continuing a prolonged retreat even as investor jitters over a potential trade war stoked volatility in other markets. Gold for August delivery declined 0.4%, to $1,268.90 a troy ounce, on the Comex division of the New York Mercantile Exchange, on track for its fourth drop in the last five sessions and its lowe...Read More
Lynette says silver won't perform as well as gold in the reset and the GSR won't be coming down, but is that accurate? Here's some insight...Lynette Zang was just interviewed on Reluctant Preppers.She is generally well spoken and gets a whole lot of things right.Unfortunately, she gets a lot of things wrong too, especially when it comes to silver.First of all, she's always talking about gold being...Read More
By David Hodari and Benjamin Parkin Copper prices were mostly lower as a trade dispute between the U.S. and China continued to foster concern about the health of the global economy. June-dated contracts for the industrial metal closed unchanged at $3.0465 a pound at the Comex division of the New York Mercantile Exchange on Wednesday, steadying after a rout earlier in the week. The most-active Ju...Read More
By Georgi Kantchev and Amrith Ramkumar Prices of copper and other industrial metals used in construction slid Tuesday as trade tensions between the U.S. and China continued to escalate. Front-month copper for June delivery dropped 1.8% to $3.0465 a pound on the Comex division of the New York Mercantile Exchange -- its lowest close since May 15. Prices posted their sixth decline in the past seven...Read More
By Amrith Ramkumar Investors in two of the hottest commodities in recent years face a vexing problem: Reliable prices for lithium and cobalt are every bit as rare as large deposits of the valuable ores. Interest in the materials has soared on expectations that demand will rise as they are used in a rapidly expanding number of electric-car batteries. The market for the two metals has already jump...Read More
By Georgi Kantchev and Amrith Ramkumar Prices of copper and other industrial metals used in construction slid on Tuesday as trade tensions between the U.S. and China continued to escalate. Copper for July delivery dropped 1.6% to $3.0580 a pound on the Comex division of the New York Mercantile Exchange. Prices were on track for their sixth decline in the past seven sessions, and have tumbled sin...Read More
By Amrith Ramkumar Investors in two of the hottest commodities in recent years face a vexing problem: Reliable prices for lithium and cobalt are every bit as rare as large deposits of the valuable ores. Interest in the materials has soared on expectations that demand will rise as they are used in a rapidly expanding number of electric-car batteries. The market for the two metals has already jump...Read More
"Your typical prophecy preacher book writer/nut job knows SQUAT about economics and probably cannot make the..."Editor's Note: We have been keeping up with the 2018 prediction of Global Economic Collapse that Marshall predicts will happen July 20, - 27, 2018, most likely the 20th or 27th as Marshall explains (those days are Fridays and there is significance in the day of the week according to Mars...Read More
Peter KrauthI'm excited about silver.Now let me first say I know what happened to the price of silver over the last week. The precious metal is down 2%, and that's after the Fed rate hike is finally out of the way.I also know the U.S. Dollar Index (DXY) is up over that same time. In fact, it jumped some 150 basis points, driven by both the rate hike and weakness in the euro.But remember, gold tend...Read More
Front-month copper for June delivery shed 1.2% to $3.1035 a pound. "Gold Stabilizes After Friday Tumble" at 15:18 ET, incorrectly stated the price fell 123% in the 7th paragraph. (June 18, 2018) Read More
By Amrith Ramkumar and David Hodari Gold prices inched higher Monday, stabilizing after tumbling alongside other commodities Friday amid worries about trade tensions and higher interest rates. Front-month gold for June delivery closed up 0.1% at $1,276.20 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices hit their lowest level of the year Friday, failing to get a hav...Read More
By Amrith Ramkumar and David Hodari Gold prices inched higher Monday, stabilizing after tumbling alongside other commodities Friday amid worries about trade tensions and higher interest rates. Gold for August delivery was recently up 0.2% at $1,281.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices hit their lowest level of the year Friday, failing to get a haven-d...Read More
By Amrith Ramkumar and David Hodari Gold prices inched higher Monday, stabilizing after tumbling alongside other commodities Friday amid worries about trade tensions and higher interest rates. Front-month gold for June delivery closed up 0.1% at $1,276.20 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices hit their lowest level of the year Friday, failing to get a hav...Read More
Keith Weiner provides a "forensic look at the intra-day action on Friday", and this is what he found...by Keith Weiner of Monetary MetalsWe have been writing about capital destruction. This week let's look at an event which is currently making news. Social Security will begin tapping into its trust fund this year. This happens, as the Social Security Board of Trustees states antiseptically, "four...Read More
"I am hereby directing the Department of Defense and Pentagon to immediately begin...Space Force as the Sixth Branch of the Armed Forces."Half Dollar's Note: If we are indeed going to have a Space Force, the United States is going to be buying on heck of an amount of physical silver. Here's just one example of how silver is popular in the Aero-space industry thanks to its ability to reduce the e...Read More
"This leads to loss of confidence in the nation and its institutions, and accelerates the decline of..."by Gary Christenson via GoldSeekIn 1967 the Jefferson Airplane sang:"When the truth is found to be lies,And all the joy within you dies..."Restate this for global currencies and it becomes:When the truth is found to be lies,Confidence in currencies dies.WHAT LIES? There have been many. Examp...Read More
By Scott Patterson Swiss mining giant Glencore PLC said it would resume multimillion-dollar payments to a former business partner sanctioned by the U.S. Treasury Department, setting up a test for whether Washington is willing to give Western firms more wiggle room in dealing with sanctioned counterparts. Glencore stopped paying royalties to Israeli billionaire Dan Gertler in December after sanct...Read More
By Ira Iosebashvili Gold prices fell to their lowest level since late last year Friday and copper prices declined as investors reacted to U.S. tariffs on China and a selloff in oil. Gold for August delivery was recently down 2.2% at $1,280.20 a troy ounce on the Comex division of the New York Mercantile Exchange, the lowest level since late December. Copper for July delivery fell 2.6% to $3.138...Read More