Tag Archives: silver

Rio Tinto Mine Landslide – US Just Lost 17% of Copper, 10% of Silver Production

A billion ton landslide at Utah’s Rio Tinto mine has shut down mining. Rio Tinto is the world’s biggest copper mine and produces 17% of US copper. Tam points out that ammo, already hard to get, will just get that … Continue reading

Posted in Economics | Tagged , | Comments Off

Gold and Silver Hit Multi-year Lows

Massive $20 Billion Paper Gold Sell Orders Trigger Stop Loss Selling And Unfounded Panic I had staggered stop loss orders in place that sold almost all of holdings on the way down, so I’m still in the black, but it’s … Continue reading

Posted in Economics | Tagged , | 4 Comments

Federal Reserve decides to raise the price of gold and silver

Yesterday the Federal Reserve announced a new round of quantitative easing, AKA money printing. The Fed plans to purchase $40 billion mortgage-backed securities (MBS) from banks and other lenders every month indefinitely. The Fed is supposedly doing this to encourage … Continue reading

Posted in Economics | Tagged , , , | 1 Comment

Gold and Silver are Getting Interesting Again

Gold and silver prices were spookily stable for months. They wouldn’t budge. Now they’re moving up nicely. ZeroHedge – Gold And Silver Surge Above 200DMA MarketWatch – Is gold heading to $4,500?

Posted in Economics | Tagged , | Comments Off

US Debt to GDP Passes 101%

Zero Hedge – As US Debt To GDP Passes 101%, The Global Debt Ponzi Enters Its Final Stages Most people still think of China as buying our debt, but China is unloading U.S. debt. The biggest buyer of U.S. debt … Continue reading

Posted in Economics | Tagged , , , , , , | Comments Off

Chris Martensen: High oil prices are a cause of recessions; at these prices economy can’t heal

Chris Martensen -  Why Our Currency Will Fail: Also note in the most recent data that oil prices happen to be at roughly the same level that triggered the first recession in 2008 (the purple dotted line). If we needed … Continue reading

Posted in Economics | Tagged , , , | Comments Off

"The Coming Paradigm Shift in Silver"

A persuasive case for much higher silver prices.

Posted in Economics | Tagged | Comments Off

The Sale on Gold and Silver is Over

I hope you got some while it was on sale. If not and you’ve been wanting in, you probably shouldn’t wait. I’m just a simple caveman, but I think the days of gold in the 1500s and silver in the … Continue reading

Posted in Economics | Tagged , | 2 Comments

EU Bans Iran from Trading Gold and Other Precious Metals

Reuters report that the EU has agreed to freeze the assets of the Iranian central bank and ban all trade in gold and other precious metals with the Iranian Central Bank and other public bodies in Iran. According to IMF … Continue reading

Posted in Economics, European Union | Tagged , , | Comments Off

2011 US Silver Eagle Sales Outstrip 2011 US Silver Production

Source. That doesn’t even include silver for US jewelry or industrial uses. Now I’m just a simple caveman, but that should put upward pressure on silver prices, amirite?

Posted in Economics | Tagged | 2 Comments

Gold Ends 2011 Up 10%, Silver Down

Gold’s 10 percent gain in 2011 extends run to 11th year. Gold rose 1 percent on Friday, rebounding from losses earlier this week that sent the market briefly into bear territory, and the metal sealed its 11th consecutive year of … Continue reading

Posted in Economics | Tagged , | Comments Off

Gold and Silver in the MF Global Dustup

Barron’s – The Silver Rush at MF Global The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of … Continue reading

Posted in Economics | Tagged , , | 3 Comments

For anyone getting gloomy about gold and silver …

Cheer up. It may get ugly in the next little bit, but it should be better next year. Citi Predicts Gold At $3400 In “The Next Two Years”, Potential For Move As High As $6000: While we remain cautious on … Continue reading

Posted in Economics | Tagged , | 1 Comment

Walking Liberty silver half dollar

I picked up one of these at an antique store here in town while looking for patio furniture. It was $18 for a 1942, non-neumismatic example that I can carry in my pocket as a good luck piece. It’s pre-1963 … Continue reading

Posted in Economics | Tagged | Comments Off

Been wanting to buy gold and silver if only the price wasn’t so high?

Well, good news everyone. Gold and silver are off their recent highs of around $1900 and $40, so back up the truck. The drops seem to be due to a combination of a sell-off in everything, upcoming Comex expirations, and … Continue reading

Posted in Economics | Tagged , | 1 Comment