Precious Metals

Tyler Durden's picture

Gold & Silver Slammed As Dollar Soars - 9th Down Day In A Row





As the USDollar surges ahead this morning - crushing the hopes and hupes of corporate earnings in America - so precious metals are being battered once again. Silver is now down for the 9th consecutive day - the longest streak in 8 months; and Gold is down again (after a brief reprieve yesterday) to its lowest levels in 3 months.

 
Tyler Durden's picture

Global Stocks Fall For 5th Day On Disturbing Chinese Inflation Data; Renewed Rate Hike Fears; Copper At 6 Year Low





The ongoing failure of China to achieve any stabilization in its economy, after already cutting interest rates six times in the past year, and the prospect of a U.S. interest rate hike in December, had made markets increasingly jittery and worried which is not only why the S&P 500 Index had its biggest drop in a month, but thanks to the soaring dollar emerging market stocks are falling for a fourth day - led by China - bringing their decline in that period to almost 4 percent, and the global stock index down for a 5th consecutive day.

 
Sprott Money's picture

Leaving the Eye of the Hurricane





Those who choose to distance themselves (and their wealth – however large or small) geographically from the centre of the hurricane will fare best.

 
GoldCore's picture

Worlds Largest Debtor Ever Raises U.S. 'Debt Ceiling' ... Again





"The truth is, the debt ceiling doesn’t actually limit government spending. It’s a farce. Every time government debt gets close to the debt ceiling, Congress just raises it.”

 
Sprott Money's picture

Russia and China: Victory-by-default





History tells us that empires are rarely defeated, by any external rival. 

 
Tyler Durden's picture

How One Retailer Is Preparing For The Apocalypse





Zero Hedge first revealed the contingency plans that libertarian online retailer Overstock has implemented "in preparation for the next collapse" ten days ago. Today, the strategy outlined by Overstock Chairman Jonathan Johnson has resonated across the Atlantic and this morning as the Financial Times catches up to the story of an "online retailer hoarding gold as crisis defense" in which it calls the retailer a "redoubt of doomsday conservatism" adding its policy to prepare for the loss of central-planning control is "redolent of the small band of US survivalists preparing for the end of civilisation."

 
Sprott Money's picture

China Proposes Phasing-Out Manipulative Trading Algorithms





Over the past decade; our markets have ceased to behave like “markets”, at all. 

 
Sprott Money's picture

Ask The Expert - John Hathaway!





"This industry has committed “hari kari” as far as I'm concerned."

 
GoldCore's picture

Gold Selling “Malevolent Force”? – Dennis Gartman





Dennis Gartman, author of the institutionally well followed ‘The Gartman Letter,’ has asked questions about gold’s peculiar price action last week and raised the question as to whether there was official central bank manipulation of gold prices.

 
Sprott Money's picture

The Most Popular Reasons for Going Down with the Ship





Time and time again, I’m hearing the same sticking points for failing to prepare – for failing to assure a more promising future for themselves and their families.

 
Sprott Group's picture

Sprott Precious Metals Watch





The bearish thesis for gold rests on four key assumptions in the process of being disproven. Recent gold skepticism has generally arisen from some combination of expectations for i) protracted U.S. dollar strength, ii) significant Fed tightening, iii) escape velocity U.S. economic performance and iv) further increases in U.S. equities. Since the end of the first quarter, the logic supporting each of these projections has dissipated significantly.

 
GoldCore's picture

Gold Up 3% In October and Enters “Seasonal Sweet Spot”





Gold is up 3.1% in October and had even larger gains in other currencies. Entering gold’s “seasonal sweet spot” in November, December, January and February.

 
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