While much of silver's recent move has been attributed to concerns about the state of the global economy, a number of analysts expect silver's industrial uses to come strongly to the fore when the economy does recover Author: Geoff Candy Posted:  Tuesday , 05 Oct 2010 GRONINGEN - Silver is often viewed as a horse with two masters. On the one hand it is viewed as a monetary... read more
By MICHAEL GRAY Last Updated: 4:37 AM, May 9, 2010 Posted: 12:30 AM, May 9, 2010 Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned. The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals, acted improperly to depress th... read more
For decades, the U.S. dollar has been the reserve currency of the world.  This has given the United States an extraordinary amount of economic power, but as the U.S. economy has started to come apart over the past decade, other nations have increasingly sought to move aw... read more
John Williams utters his most ruthless words of condemnation not only toward the Fed, but to everyone who is stupid enough to be chasing returns in the face of what is a hyperinflationary collapse. Euphoric Inflation Insanity. Buying U.S. stocks because the Fed says it will proactively debase the U.S. dollar is like sitting on the beach in order to get a great view of an inc... read more
Gold at $1,500 perhaps this year, and $2,000, $3,000, or even $5,000 in the years ahead - and silver outperforming gold are Jeff Nichols' conclusions in a recent speech in Thailand. Author: Lawrence Williams Posted:  Wednesday , 15 Sep 2010 LONDON - Gold expert Jeff Nichols, in a speech last week in Bangkok, Thailand, put forward nine main reasons for gold to rise and cont... read more
Warren Buffett, whose Berkshire Hathaway Inc. has been trimming its investment in municipal debt, predicted a “terrible problem” for the bonds in coming years. “There will be a terrible problem and then the question becomes will the federal government help,” Buffett, 79, said today at a hearing of the U.S. Financial Crisis Inquiry Commission in New York. “I don’t know how I would... read more
The image of banks locking their doors to keep customers from making withdrawals during a bank run is what immediately came to mind when we heard that Citigroup was telling customers it has the right to prevent any withdrawals from checking accounts for seven days. "... read more
Wall Street Journal · 25 June · By: Liam Pleven and Carolyn Cui The bull market in gold has sparked a new growth industry: providing a venue for investors to buy and store their personal stash. Individual investors are increasingly demanding to take possession of their gold holdings, rather than just owning shares in a mining company or a gold-related fund. That has garnered the attention... read more
NEW YORK (MarketWatch) -- Two separate lawsuits filed in federal court in Manhattan Wednesday allege that banks J.P. Morgan Chase & Co. /quotes/comstock/13*!jpm/quotes/nls/jpm (JPM 37.38, -0.25, -0.66%) and HSBC Holdings Inc. /quotes/comstock/13*!hbc/quotes/nls/hbc ( read more
By MICHAEL GRAY Last Updated: 4:51 AM, March 29, 2010 Posted: 12:37 AM, March 29, 2010 A London-based precious-metals trader who had accused JPMorgan Chase of manipulating the gold and silver markets was involved in a bizarre weekend car accident that triggered a police chase before the suspect was nabbed. Andrew Maguire, a metals trader at the London Bullion Marke... read more