• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

Precious Metals

Tyler Durden's picture

Futures Levitation Continues As Brent Rises Above $50 For First Time Since November





In what has been another quiet overnight session, which unlike the past two days has not seen steep, illiquid gaps higher in US equity futures (the E-mini was up 3 points and accelerating to the upside as of this writing so there is still ample time for the momentum algos to go berserk), the main event was the price of Brent rising above $50 for the first time since November with WTI rising as high as $49.97.

 
Sprott Money's picture

A Crisis Unlike We Have Seen In Human History





How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something is very, very wrong?

 
GoldCore's picture

“Only Money Outside Of the Matrix" Will Survive ...





Morgan warns about the importance of owning physical gold coins and bars rather than paper or digital proxies for gold and silver bullion and money. 

 
Tyler Durden's picture

Global Stocks, Futures Rally, Ignore Sharp Yuan Devaluation On Hopes Fed Is Right This Time





The single biggest event overnight was the PBOC's devaluation of the Yuan to the lowest since March 2011, setting the fixing at 6.5693, the highest in over 5 years and in direct response to a stronger dollar, which however if one looks at the DXY remains well below the recent highs in the 100 range, suggesting for China this is only just beggining. However, the fact that there was not more volatility in onshore and offshore overnight FX also comforted the market that at the same time as its was devaluing the PBOC was also intervening in the FX market, thus providing some assurance it would not allow runaway "risk off" sentiment prevail, nor would it promote another blitz round of capital outflows, leading to another gradual levitation in overnight risk.

 
Sprott Money's picture

Precious Metals: Fake-Rally Ends, Hostage Markets Return





A Fed-head talks, and precious metals markets fall. Readers are invited to call this paradigm of fraud anything that they want. But the one thing they can't call this is “a rally”.

 
Tyler Durden's picture

Northwest Territorial Mint Scandal: Investors Had Fair Warning On This Blowup As Well





The news unfortunately just keeps getting worse for customers and creditors of Northwest Territorial Mint. The prominent bullion dealer located near Seattle, Washington filed for bankruptcy court protection at the end of March. The losses of customers who never received delivery of orders plus the losses of other creditors could be as high as $50 million, according to news reports.

 
SRSrocco's picture

Q1 2016 Canadian Silver Maple Sales Surge To Highest Record Ever





The Royal Canadian Mint just published its Q1 2016 Report, and the silver bullion coin sales figures were stunning to say the least

 
Tyler Durden's picture

European Close Triggers Precious Metals Plunge





Because nothing says 'fiduciary' duty like waiting until Europe closes to dump $850 million notional of gold...

 
GoldCore's picture

World’s Largest Asset Manager Blackrock: “Perfect Time” For Gold





Blackrock Inc., has written a note about gold in which it suggests that this is the “perfect time and place” for gold due to “low and even negative yields, slow growth and potential signs of rising inflation ... ”

 
GoldCore's picture

Buy Gold As “Extremely Low-Risk Asset” – Rogoff Advice To Creditor Nations





Buy gold as it is an “extremely low-risk asset” is the advice of Professor Kenneth Rogoff to emerging market, creditor nation central banks including the People’s Bank of China (PBOC). “There is no limit to its price ...” he said ...

 
Tyler Durden's picture

Deutsche Bank Slides After Mortgage Probe Unveiled; Admission It Rigged Stocks





A month after admitting to rigging precious metals markets, Deutsche Bank has been hit with a double-whammy of more alleged fraudulent behavior today and the stock is sliding. First, Reuters reports that the bank took a charge of 450 million euros for "equity trading fraud," and then Bloomberg reports that The SEC is looking into Deutsche's post-crisis mortgage positions.

 
Tyler Durden's picture

Futures Fade Early Bounce, Slide In Illiquid Tape As Yen Rises, Oil Drops





Government bonds rose and the yen strengthened as investors weighed the timing of the Federal Reserve’s next increase in interest rates and the outlook for inflation. Commodities slid, led by metals, while stocks in Europe declined. Treasury 30-year yields fell for a third day. The yen rose from near this month’s low. Futures on the S&P 500 also declined after initially jumping higher in thinly traded, illiquid tape.

 
Tyler Durden's picture

Gold Fund Inflows Surge To Highest Of The Year





With high-yield bond funds suffering the largest redemptions in their history, this week saw gold fund flows soar to their highest in 2016 as buyers took advantage of the lower prices following the same path as George Soros, Stan Druckenmiller, Jana Partners, and Canada's financial giant CI Financial.

 
GoldCore's picture

Buy Silver – “Best Precious Metals Trade”





Sell paper and digital gold, maybe but not physical gold coins and bars. Rather both physical gold and silver bullion should be owned as financial insurance and hedges against currency debasement, bail ins, systemic and counter party risks and the myriad other risks today.

 
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