Among the specters lurking in ShadowStats.com's Editor John Williams' gloomy outlook for the U.S. are the demise of the dollar, hyperinflation and the ongoing lack of political will to take sound corrective measures. Still, as he tells The Gold Report in this exclusive interview, investors have options. Williams contends that turning to gold, silver and strong fore... read more

Gold Call Options at $2,000/oz – Goldman and Credit Suisse Bullish Due to US Interest Rates Gold is trading at USD 1,778 , EUR 1,300.20 , GBP 1,114.90 , CHF 1,606.10, JPY 136,750 and CNY per ounce. Gold’s London AM fix this morning was USD 1,780.50, GBP 1,115.29, and EUR 1,299.06 per ounce. read more

Physical gold will outsell ETFs by 500 per cent this year, Standard Bank’s Walter de Wet told the 8th Dubai City of Gold Conference today. Two years ago the position was completely reversed with physical gold sales running at only 20 per cent of ETFs. ‘It’s a complete flip from ETFs to physical gold,’ he said. ‘And it seems to reflect people’s lack of trust in financial systems a... read more

Three metaphors describe Europe: drowning in debt, circular firing squad and trying to fool the money gods with an inept game of 3-card monte. The world’s major economies are drowning in debt–Europe, the U.S., Japan, China. We all know the U.S. has tried to save its drowning economy by bailing out the parasite which is dragging it to Davy Jones Locker–the banking/financial sector–... read more

Angela Merkel and Nicolas Sarkozy were more than a little ticked off when Italian Prime Minister Silvio Berlusconi showed up for the Cannes summit "empty handed". In response. Merkozy proposed a new Troika for Italy and sent inspectors to pour over Italy's books. Courtesy of Google translate, please consider Europe puts Italy under surveillance

While outside the world has their eyes on... read more

[caption id="" align="alignnone" width="475" caption="Gold has started to rally again. And some think new record highs are in sight as investors worry about all the twists and turns in Europe. Click chart for more on gold and other commodities."] read more

Gold is trading at USD 1,759, EUR 1,271.10 , GBP 1,097.40, JPY 137,261, CHF 1,552.30 and AUD 1,690.40 per ounce. Gold’s London AM fix this morning was USD 1,756.00, GBP 1,096.47, and EUR 1,269.61per ounce. Yesterday's AM fix was USD 1,732.50, GBP 1,083.69, and EUR 1,257.25 per ounce. read more

ECB President Mario Draghi cuts the euro's last lifeline ... Anyone thinking that the arrival of Mario Draghi as president of the European Central Bank might herald a change in approach to the eurozone debt crisis would have been sadly disappointed... read more

Several European nations have already been downgraded and if several nations begin defaulting on their debt, the results could be devastating. That devastation would first plague the European countries, then soon seep its way into our own nation. According to Douglas J. Elliott – fellow at the Brookings Institution – a European recession would have a domino effect and create a similarly di... read more

Frankfurt-based Deutsche Bank (DB) – Germany’s largest bank – has turned into one of the biggest players in commodities markets in recent years. Their latest financial results show record-beating performance, with DB reporting its best ever third quarter in commodities trading in the company's history. Other major market players, however, suffered heavy losses from the sharpest downturn i... read more