Precious Metals

Tyler Durden's picture

Citigroup Just Cornered The "Precious Metals" Derivatives Market





What JPMorgan is doing to the "Other" commodities space, Citigroup has just done to the "Precious Metals" derivative market.

 
Tyler Durden's picture

What If Gold Is Declared Illegal?





Over the weekend, the lines in Greece stretched along the street. Around the corner. Down the block. Lines to get cash. Lines to buy gas. Lines of people eager to get their hands on something of value. Food. Fuel. Cash. Pity the poor guy who was last in line... As more and more people turn to gold as a way to avoid standing in lines, the feds could ban it again. But when we close our eyes and try to peer into a world where gold is illegal, what we see is a world where we want it more than ever.

 
Tyler Durden's picture

Market Wrap: Greek "Capitulation" Optimism Sends Global Risk Higher After China Re-crashes





So much going on that by the time an article is prepared, everything has changed and it has to be scarpped. But, in any event, here is an attempt to summarize all that has happened in another turbulent overnight session.

 
Sprott Money's picture

Fred Hickey - Ask The Expert - High Tech Stocks to Gold





But what I was seeing was a central bank that I thought was doing the wrong thing, always backstopping markets and that was under Chairman Greenspan at the time. And I saw that it was leading to, in my area, in technology, the greatest stock market bubble that I'd ever seen. 

 
Tyler Durden's picture

Fiat Faith Faltering? Bitcoin Surges 12% Post-Greferendum Announcement





Like it or not, Bitcoin is an alternative to the fiat fraud money that is the backbone of the status quo. Since Tsipras proposed the Greferendum, Bitcoin has surged 12% as perhaps - away from the cornered and manipulated precious metals markets - faith in fiat is faltering...

 
GoldCore's picture

Greece Shows Importance of Gold as Europeans Buy Coins and Bars





With the ECB reneging on its responsibility as lender of last resort – not the first time it has used its power to political ends in Greece – Greek banks may soon be forced to “bail-in” deposits – i.e. confiscate the cash of their customers.

 
Tyler Durden's picture

JPMorgan Just Cornered The Commodity Derivative Market, And This Time There Is Proof





For years there had been speculation, rumor and hearsay that JPM had cornered the US commodities market. Now, finally, we have documented proof.

 
Tyler Durden's picture

China Challenges Gold Price-Setting Regime; Confirms Launch Of Yuan-Denominated Fix





Less than two weeks after Bank of China became the first Chinese bank to join the list of participants in the London gold auction, The Shanghai Gold Exchange confirms that a yuan-denominated gold fix will be in place by the end of 2015.

 
Tyler Durden's picture

Why Banks Rob Depositors: "Because That's Where the Money Is"





One of America's most notorious bank robbers, Willie Sutton (1901-80), is said to have remarked that he robbed banks "because that's where the money is." In a strange twist, the banks themselves are now beginning literally to rob their own customers.

 
Tyler Durden's picture

How Much Is $160 Of Silver Worth To The Average American? (Hint: Less Than $10)





Seemingly confirming the national new normal, dumbing-down-ness, the following clip shows Americans have absolutely no idea about the value of precious metals. When asked if they would like to purchase a 10oz silver bar (worth $160) for just ten bucks, every single one refused... one even refused to handover a half-drunk Starbucks coffee for the silver bar...

 
Tyler Durden's picture

Top CEO Warns Of Global Reset: "It's In The Cards For Sure... It Could Happen This Year"





"[A day of reckoning] is in the cards for sure. Predicting exactly what it’s going to mean or what it’s going to look like… that’s the big challenge... I think a lot of people are ignoring it... but there are some forward thinkers out there who talk about it. The Chinese want their currency part of a floating currency... I think that’s really going to be the next leg in this whole change… in this reset going forward. It could even happen this year."

 
GoldCore's picture

“Being Fed Garbage” and "Complacency Rules… for Now”





- We need a free market in currencies, not bail-ins and a war on cash and gold - People blindly trust “experts” so welcome that some of them giving prudent advice regarding diversification - Currencies of creditor nations – Norway, Switzerland, Singapore, Hong Kong will outperform in long term

 
Sprott Money's picture

Bankrupt Governments and Negative Interest Rates





Watching as bankrupt (Western) governments pay near-zero or even negative rates of interest on their debts, we see a financial fraud and sham of unparalleled dimensions in the history of our nations. However, when these same regimes inflict these fraudulent interest rates on “savers” (i.e. their own populations), while double-digit inflation rages all around us, this is nothing less than a crime against humanity – with even worse crimes still to come.

 
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