Latest Gold & Silver Price News

Race to the Bottom: What to Expect as the Fed Eases

Race to the Bottom: What to Expect as the Fed Eases

How low will they go? With the Federal Reserve all but certain to cut interest rates multiple times in the months ahead, central bankers are engaged in a race to the bottom. As negative interest rates expand in Japan and across Europe, as long-term bond yields in the U.S. plummet, and as President Donald Trump continues to talk tough on trade, the Fed has little choice but to cut. President Trump has effectively declared a currency war – and enlisted a reluctant Fed to help him fight it. He is convinced that lower interest rates will boost the economy and that a lower dollar will boost U.S. producers in international […]

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Financial Media Elite Defensively Bash “Useless” Gold

Financial Media Elite Defensively Bash “Useless” Gold

At least the Financial Times now has come clean about its hostility to gold – as well as to free markets and elementary journalism. Gold Anti-Trust Action Committee (GATA) friend Chris Kniel of Orinda, California, sent to the newspaper’s chief economic columnist, Martin Wolf, the excellent summary of gold and silver market manipulation just written by gold researcher Ronan Manly. Wolf replied derisively and dismissively: “This is a matter of absolutely no importance whatsoever. Who cares about the prices of useless metals?” Stunned by such a counterfactual assertion, Kniel prompted Wolf to elaborate, receiving this from the FT columnist: “I mean to dismiss the whole monetary history of gold. It […]

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Market outlook: what you really need to know about the stock market

Market outlook: what you really need to know about the stock market

Article provided by Troy at Bull Markets. If you read financial news & market analysis from pundits every day, it’s easy to be overwhelmed by countless charts, data, indicators, opinions, etc. In this post, I’m going to focus on what I think really matters for the stock market right now. A quick recap: Long term risk:reward does not favor bulls Fundamentals (next 6-9 months): favors bulls Technicals (next 6-9 months): favors bulls (i.e. late cycle rally) Short term: mixed/bearish Long term risk:reward It is extremely hard to predict the exact top of each bull market or exact bottom of each bear market. Sure, some people get lucky once or twice. […]

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Craig Hemke: Silver to Continue Lagging Gold, Will Struggle to Overcome $17

Craig Hemke: Silver to Continue Lagging Gold, Will Struggle to Overcome $17

Mike Gleason: It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig is a well-known name in the metals industry, and runs one of the most highly-respected websites in our space, and provides some of the best analysis on the banking schemes, the flaws of Keynesian economics, and evidence of manipulation in the gold and silver markets that you will find anywhere. Craig, welcome back and thanks for joining us. How are you today? Craig Hemke: Mike, Happy Pet Rock Day. As we record this it’s July 17th, that is the four year anniversary of the infamous article written by Jason Zweig of the […]

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Monetary Metals Don’t Need a “Gold Standard” Proxy System

Monetary Metals Don’t Need a “Gold Standard” Proxy System

By Stefan Gleason, Money Metals Exchange President Trump moved recently to nominate an avowed sound money advocate, Judy Shelton, to the Federal Reserve Board. That triggered a flurry of superficial and derisive references in the controlled media to Shelton’s past support of a gold standard. For example, CBS News described her as “a believer in the return to the gold standard, a money policy abandoned by the U.S. in 1971.” According to the story, “mainstream economists believe it’s a fringe view.”  As the “mainstream” media portrays sound money advocates, we apparently are nostalgic for the monetary system that existed all the way up until 1971.  Being backward looking by nature, […]

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David Smith: Silver Has Already Gone from Weak to Strong Hands

David Smith: Silver Has Already Gone from Weak to  Strong Hands

Artwork for Fed Chair Powell and “Systemically Important” Banks Nervous about Gold MONEY METALS’ WEEKLY MARKET WRAP PODCAST Fed Chair Powell and “Systemically Important” Banks Nervous about Gold 30 00:00:00 / 00:25:11 30 Subscribe to This Show Download This Episode Embed This Player Share This Episode Mike Gleason: It is my privilege now to welcome back David Smith, Senior Analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, thanks for coming on again and how are you, my friend? David Smith: Oh, very good. It’s great to be back again. Mike Gleason: Well, David, as we start out today, and before we get into silver and what’s going on with the white metal, let’s […]

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Federal Debt Ceiling Reached as Federal Spending Rages

Federal Debt Ceiling Reached as Federal Spending Rages

The federal government will soon run up against its self-imposed borrowing cap once again. Current estimates are for the government to max out its credit limit at a little over $22 trillion in early September. Congress goes on recess in August, so there is some pressure to address the cap right now. Treasury Secretary Steve Mnuchin has been fulfilling what seems to be the most sacred responsibility of his position: borrowing money. It’s one that each of his predecessors has also undertaken, without fail and without regard to party affiliation, in recent decades. He is solemnly arguing why it would be wholly irresponsible for Congress not to approve another massive […]

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The Hidden Reason Why Fed Chairman Powell and “Systemically Important” Banks Oppose a Gold Standard

The Hidden Reason Why Fed Chairman Powell and “Systemically Important” Banks Oppose a Gold Standard

By Mike Gleason, First Published on Sound Money Defense League Chairman Powell’s testimony this week was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited “trade tensions” as cause for concern about the strength of the global economy. He clearly seemed to be blaming President Trump’s tariffs. But if the tariffs are what ultimately move the Fed to cut rates, Trump will have finally gotten what he wants out of Powell. In recent weeks, Trump has stepped up his attacks on the central bank, calling it the biggest problem facing the economy, floating the idea of firing Powell, and suggesting his administration would […]

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Government-Pumped Student Loan Bubble Sets Up Next Financial Crisis

Government-Pumped Student Loan Bubble Sets Up Next Financial Crisis

Presidential candidates Bernie Sanders and Elizabeth Warren are promising as much as $1.6 trillion in student debt forgiveness for millions of borrowers. Critics smell a cynical campaign ploy to try to buy the youth vote. How is it either realistic or fair to declare an entire category of debt to be assumed by taxpayers? Regardless, pie-in-the-sky proposals to cancel student debt shed light on a very down-to-earth problem for not only college students and recent graduates – but also for the economy and financial markets. Student loans now rank as the second largest category of American consumer debt – bigger than credit cards, bigger than auto loans, and behind only […]

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Mining Stocks Flash Powerful Signal for Gold and Silver Markets

Mining Stocks Flash Powerful Signal for Gold and Silver Markets

The second half of the year is setting up favorably for the precious metals sector, which was led in the first half by gold and gold mining stocks. Of course, the Wall Street-beholden financial media is largely ignoring metals and mining – preferring instead to give celebratory coverage to every move toward new highs in the Dow and S&P 500. “The Dow Jones Industrial Average rallied 7.2% this month [June], notching its best June performance since 1938,” CNBC reported. “The S&P 500 posted its best first half of a year since 1997, soaring 17.3% and reaching an all-time high.” That’s all well and good for conventional index investors. But they are missing […]

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Bullion Banks’ Manipulation Schemes Put Taxpayers at Risk

Bullion Banks’ Manipulation Schemes Put Taxpayers at Risk

Gold and silver bugs are well aware that JPMorgan Chase dominates precious metals futures trading. Russ and Pam Martens of the financial blog Wall Street on Parade just identified how much control they have. There are more than 5,300 FDIC insured banks in the U.S. Just two of them, JPMorgan and Citibank, hold 75.7% of all precious metals derivative contracts (primarily futures) in possession of the nation’s banks. Other major Wall Street banks, including Goldman Sachs and Bank of America, are barely even in the game. The market dominance implied by the outsized positions of these two banks is troubling enough. Metals investors have been pleading with regulators to step […]

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Michael Pento Warns: Stock Market May Go Off the Cliff, Stagflation Like Never Before

Michael Pento Warns: Stock Market May Go Off the Cliff, Stagflation Like Never Before

“It’s Beyond the Twilight Zone to Have $13 Trillion in Debt with a Negative Yield” Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome back Micheal Pento, President and Founder of Pento Portfolio Strategies. Michael’s a well-known money manager and a terrific market commentator and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. He’s a regular guest right here on the Money Metals Podcast and we always love having him on. Michael, thanks for the time again today and welcome back. Michael Pento: Great to be back on your program. Mike Gleason: Well […]

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Silver Market Alert: Powerful Bullish Setup Takes Shape

Silver Market Alert: Powerful Bullish Setup Takes Shape

The silver market appears to be setting up for a big move. After spending this spring stair-stepping lower in a narrowing range, silver prices have formed a falling wedge pattern. That pattern usually resolves in a powerful directional breakout. The good news for bulls is that falling wedges usually break out to the upside. Commercial hedgers and bullion banks (i.e., “smart money”) in the silver futures market have significantly trimmed their short positions over the past couple weeks – a bullish development. While their net positioning isn’t yet at an extreme, it is more favorable than not for a price rally to commence in the near future. Of course, neither futures traders […]

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Silver Sentiment: Is It (Your) Friend or Foe?

Silver Sentiment: Is It (Your) Friend or Foe?

The gold and silver bull markets have been on a roller coaster ride for almost two decades. Gold came to life in 2000, with silver crawling along between $4 and $5 until late 2003, making its first print above $10 in March 2006. The next two years saw the last part of a 400% up-move for those who “kept the faith,” before silver dropped below $9 during the 2008 global financial meltdown. Then it was up, up and away, as silver rocketed to nearly $50 by April 2011. By then, “everyone knew” it was going to $100. A blogger announced he had sold his house to buy silver and advised […]

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