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Most read articles
James West - Midas Letter
  5 Things that Need to Happen for $2,000 Gold and $50 Silver 
The credibility of those who predict gold going to $5,000 and beyond as predictably as day follows night is deteriorating – at least in the gnat-like attention spans of The Masses. It’s coming up on 3 years since gold departed from its upward trajectory after touching an intraday high of $1,923.70 on September 6, 2011. Since then it’s been as low as $1,179 an ounce, but only as a result of combined downward price manipulation by Goldman Sachs’ Jeff Currie and the Wall Street Journal acting in co
Sunday, July 13, 2014
Egon von Greyerz - Matterhorn AM
Gold Manipulators are Desperate 
With virtually empty gold vaults, the central banks and bullion banks are now becoming desperate. The action we are seeing in the paper gold market with the recent $50 takedown is yet more proof of the corner that the gold manipulators have put themselves into by having virtually no physical gold left. A rising gold price is dangerous for the manipulators. This would inevitably lead to more physical demand, something that would be disastrous for the manipulators. As the holders of paper gold b
Saturday, July 19, 2014
Theodore Butler - Butler Research
  The Silver Conspiracy 
It’s now going on close to 30 years since I first discovered that silver was manipulated by excessive and concentrated short selling on the COMEX. I remember the exact moment like it occurred yesterday. It’s hard to believe I was in my 30’s when this started. As I’ve explained previously, I was looking for an answer to Izzy Friedman’s question as to how and why silver prices remained so low when the market was in a supply/demand deficit.
Tuesday, July 15, 2014
Jeffrey Lewis
Silver Before it’s Too Late 
The ongoing plight of the long term value investor continues - seemingly without end. However, decades of exuberance and greed have colluded. The financial establishment has created an accident waiting to happen. The mainstream has not "priced in" risk, which makes it even harder to travel the road less traveled.And once the accident happens, it may be too late.If silver prices were to suddenly move back toward natural price equilibrium, there would naturally (not always the best thing) be a rus
Sunday, July 20, 2014
Bron Suchecki - Perth Mint
How Eastern Gold Demand Is Transforming The Gold Market
GoldSilverWorlds has a good post up summarising my tweets and Al Korelin interview about the LBMA Forum in Singapore. Below are some additional notes I took which I didn't tweet or talk about. Zhang Bing Nan of China Gold Association (view his slides here) when asked about the West to East flow gave what I think is a classic Chinese answer: the globe is round so what is East and what is West, which got a laugh. Other comments: no matter who you lend your dollars to it is not safe; not the same
Thursday, July 17, 2014
Jeff Clark - Casey Research
Gold : Western Delusions vs. Chinese Realities
I don’t want to say that mainstream analysts are stupid when it comes to China’s gold habits, but I did look up how to say that word in Chinese… One report claims, for example, that gold demand in China is down because the yuan has fallen and made the metal more expensive in the country. Sounds reasonable, and it has a grain of truth to it. But as you’ll see below, it completely misses the bigger picture, because it overlooks a major development with how the country now imports precious metals
Tuesday, July 22, 2014
Jeffrey Lewis
The Perfect Crime and the Plight of the Modern Silverite
Silver is not just any old commodity. It is old money. Despite massive efforts and price fixing, clipping and manipulation, it has remained central to monetary and political systems for centuries. Today it is small and relatively dark in the context of modern investing.Desperate times call for desperate measures. And the desperation to buy and hold metal should simply be proportional to the desperation of the will of the monetary powers to maintain the status quo.Here's a quote from ZeroHedge th
Thursday, July 17, 2014
James Turk - Goldmoney
James Turk - Bank Shorts Orchestrating Gold & Silver Smash 
With continued turmoil in major markets, today James Turk told King World News that bullion bank shorts orchestrated today’s smash in the gold and silver markets. Turk also gave some fascinating statistics regarding today’s takedown in the metals and discussed what investors should expect next. Click here to read the full interview on King World News
Tuesday, July 15, 2014
Jeffrey Lewis
Silver in the Aftermath of Fragility
Despite the persistence of the recovery meme, financial markets are more fragile to risk than ever before. On top of this, witness the slow creep of policy disguised as regulation. It comes for the low hanging fruits. The final labors of society. What lies ahead is a paper blood bath.They are coming for your pensions and retirement accounts.The French led IMF, with Christine Lagarde at the helm, has presented a concept report that debt cuts for over-indebted states are uncompromising. They prese
Monday, July 14, 2014
Jeffrey Lewis
Central Banks and The Dollar Hitting the BRICS
“We are pleased to announce the signing of the Treaty for the establishment of the BRICS Contingent Reserve Arrangement (CRA) with an initial size of US $100 billion. This arrangement will have a positive precautionary effect, help countries forestall short-term liquidity pressures, promote further BRICS cooperation, strengthen the global financial safety net and complement existing international arrangements.... The Agreement is a framework for the provision of liquidity through currency swaps
Wednesday, July 23, 2014
Nathan Lewis - New World Economics
Paul Volcker Dreams of a "New Bretton Woods." But What Would That Look Like?
Out of the “currency wars” of the 1930s, and then World War II, came a shared dream among the non-communist states: to establish a stable economic environment for business and trade. Representatives from forty-four countries met at the Mount Washington Hotel in Bretton Woods, New Hampshire, and recreated the world gold standard system. The U.S. dollar was officially linked to gold at $35/ounce, its gold parity since 1934. Other currencies were linked to the dol
Wednesday, July 16, 2014
James Turk - Goldmoney
James Turk and John Rubino interview with J Taylor Media
James Turk, John Rubino, Daniel McAdams and David Jensen return as guests on the next radio program. Turk and Rubino discusses their new book, "The Money Bubble. What to Do Before it Pops?" Both men believe, as does your host, that economic pathology is built into our economic system through fiat money and anti-market policies that ruin capitalism. Listen to the full interview here.
Thursday, July 17, 2014
Adam Hamilton - Zealllc
SPX Topping Valuations 3
The lofty stock markets are starting to wobble, with selloffs? frequency and sharpness increasing.The dominant reason the Fed?s stock levitation is running out of steam is severe overvaluation.Stocks are just far too expensive today compared to historic precedent, a dangerous state seen when bull markets are topping.Rampant overvaluation is a glaring warning sign to investors that selling is just beginning.Investing is all about buying low then selling high.So the price paid for any particular s
Saturday, April 19, 2014
Nathan Lewis - New World Economics
Devaluations of the 1930s Don't Justify Today's Funny Money Excess
Without question, the Great Depression was a time when the political consensus moved from a Classical “hard money” approach towards a Mercantilist “soft money” approach — leading, ultimately, to today’s “print until the pain goes away” reaction. Actually, this trend had started in the later 19th century, and was not fully expressed until the 1970s – an evolution stretching over a hundred years or more. But, the experience of the Great Depression period of the 1930s st
Sunday, July 20, 2014
Robert Blumen
Financial Pros Are Learning Austrian Economics 
In recent years, we’ve seen more and more Austrian-tinged economic analysis coming from investors like Mark Spitznagel and Jim Rogers, to just name two. As someone personally involved in the investment world, have you yourself seen growth in Austrian ideas among investors and similar professionals?
Sunday, July 13, 2014
Nathan Lewis - New World Economics
Foreign Exchange Rates 1913-1941 #8: A Brief Summary
I thought I would make a brief summary of our look into currency histories of the 1913-1941 period. The data is from the Federal Reserve Banking and Monetary Statistics, 1914-1941, available here: June 22, 2014: Foreign Exchange Rates 1913-1941 #7: Switzerland's Independence; Turkey Avoids Devaluation June 1, 2014: Foreign Exchange Rates 1913-1941 #6: Hyperinflation in Polan
Wednesday, July 23, 2014
Bron Suchecki - Perth Mint
No Indian gold import policy change explains RBI gold swap 
After a lot of speculation about what changes the 2014 Indian budget would bring for gold import policies, we got zip. That now supports my speculation on why the Reserve Bank of India (RBI) announced, ahead of the budget, a combined quality and loco swap of its gold: it was a temporary political fix to the problem of: 1. Making promises to the gold industry during the election campaign that it would wind back gold import restrictions. 2. Reality, once in office, that such relief on gold import
Friday, July 11, 2014
Darryl Robert Schoon - Survive the Crisis
Inflation Higher and Higher We Go 
In the end game, truth is found only at the marginsInTime of the Vulture: How to Survive the Crisis and Prosper in the Process(2007, 2012 3rd edition), I wrote about inflation and its root cause: In a credit-money system, over time the constant infusion of increasing amounts of credit will inevitably lead to higher and higher rates of inflation. Because common knowledge of this fact is not in the best interests of those benefiting from the system, it is hidden away. And in the US, hiding the rea
Wednesday, July 09, 2014
Alasdair Macleod - Finance and Eco.
Unwinding unallocated gold accounts.
The debate in precious metal markets today is whether or not the three-year bear market is over and a new uptrend is establishing itself. But assuming for a moment that the gold price has turned the corner, will the bullion banks be able to keep a lid on it? Given the recent jump in their short positions as recorded in the Bank Participation Report on Comex, they presumably think so, and unallocated accounts in London will play an important role. With an unallocated account the customer doesn't
Friday, July 11, 2014
Ty Andros - traderview
Politically correct, but practically incorrect economic suicide 
This week was interesting to say the least and it is ending with a bang. We are covering a number of brief subjects this week. I hope you enjoy them. Gutting the armed forces Politically correct, but practically incorrect economic suicide. Farmland disaster DEAD ahead Repressed to Death NOT a SMIDGEN of Corruption! France is IMPLODING economically: Vive la France Bonfire of the Vanities! This will not have a HAPPY ending! Gutting the armed forces No matter where you look y
Friday, July 11, 2014
Eric Coffin - Hard Rock Analyst
There's Something Happening Here 
Gold made the move I hoped for and predicted in the last issue. It's consolidating well above May price levels now. Traders will want to see a couple of more steps up in price to really get on board but the tone of the market has definitely improved again since early June. Significantly, base metals have also shown a lot of relative strength in the past few sessions. It's been a long time since we have seen the whole metals complex on the move.
Friday, July 11, 2014
Michael J. Kosares - USA Gold
Summer surprise update
“Gold rose to a one-week high after several Federal Reserve policy members expressed concern that investors may be growing too complacent on the economic outlook, boosting demand for the metal as a haven. ‘Signs of increased risk-taking were viewed by some participants as an indication that market participants were not factoring in sufficient uncertainty about the path of the economy and monetary policy,’ the minutes of the last Federal Open Market Committee meeting showed today.
Saturday, July 12, 2014
Stewart Thomson - Graceland Update
Gold Price Rubber Meets Indian Budget Road?
Graceland Updates By Stewart Thomson1.Recent liquidity flows on the COMEX suggest the gold market may need to retrace some of the recent gains, before moving higher.2.Please click here now. This snapshot of yesterday’s COT report for gold shows the powerful commercial traders (often referred to as “banksters” in the gold community) selling a lot of long positions and adding short positions.3.This is the second week in a row that the COT report has shown this type of “bearish” liquidity flows.4.P
Wednesday, July 09, 2014
Jim Willie CB - Hat Trick Letter
Hidden Factors to Systemic Failure
The most amusing question asked of the Jackass by clients and other people is when the system is going to break down. My usual answer is 2008, which causes a strange reaction, since a past date. Then they are given a tactful tongue lashing that they have failed to notice, detect, or discern properly the failed system in front of their noses. Further quizzical looks and pleas for explanation bring a torrent of headline facts. Seeing events through a different lens of statistical reality with almo
Saturday, July 05, 2014
Jordan Roy Byrne - The Daily Gold
Gold and Silver Stocks: It's Old Turkey Time!
Those familiar with Jesse Livermore and the book Reminiscences of a Stock Operator know who Old Turkey is. He was Mr. Partridge, an old trader who dispensed great wisdom in few words. Those at the office nicknamed him Turkey because of the way in which he strutted around with his chest puffed out. Livermore gleaned wisdom from Old Turkey which included the importance of never losing one's position and placing the utmost importance on the major trend. "It's a bull market,"
Thursday, July 10, 2014
Clive Maund
  Gold Market Update 
The latest COTs are indicating another false start for the Precious Metals sector. There was a very big jump in Commercial short positions in gold last week, but an astounding jump in Commercial short positions in silver, that is believed to be unprecedented. With both already at a high level as a result, it looks like we are in for a rerun of what happened after mid-March. The latest COTs are indicating another false start for the Precious Metals sector. There was a very big jump in Commerci
Monday, June 30, 2014
Ron Paul
Hobby Lobby Decision Creates Small Island of Freedom in Ocean of Sta 
This week, supporters of religious freedom cheered the Supreme Court's ruling in the Hobby Lobby case. The Court was correct to protect business owners from being forced to violate their religious beliefs by paying for contraceptives. However, the decision was very limited in scope and application. The court's decision only applies to certain types of business, for example, "closely-held corporations" that have a "sincere" religious objection to paying for contraceptive coverage. Presu
Monday, July 07, 2014
Jeff Clark - Casey Research
Q&A with the Casey Metals Team
As you might surmise, we get a lot of questions about the precious metals market. Given the popularity of our recent article ‘What Casey Research Staff Are Buying This Summer,’ we decided to address a few recent queries… Q: Should I be worried about the silver fix disappearing? Could this happen to gold? Jeff Clark: The London Bullion Market Association (LBMA) decided to do away with the 117-year-old silver fix process after allegations of manipulation and Deutsche Bank’s subsequent withdraw
Thursday, July 10, 2014
Darryl Robert Schoon - Survive the Crisis
Smart Money, Dumb Money, & Your Money 
By Darryl Robert SchoonCrime is far more common than logic. This is the refuge of bankers.In capitalism?s end game, leveraged debt fatally destabilizes the supply and demand dynamic necessary for stable economic activity. Understanding this is critical to understanding why capitalism today is failing.In the banker?s ponzi-scheme of credit and debt, debt-based money is created through central bank credit. Usually, the central banks? constant expansion of the money supply results in rising prices,
Saturday, June 28, 2014
Peter Schiff - Euro Pacific Capital
  The Belgian Connection 
One of the biggest questions at the end of 2013 was how the Treasury market would react to the reduction of bond buying that would result from the Federal Reserve's tapering campaign. If the Fed were to hold course to its stated intentions, its $45 billion monthly purchases of Treasury bonds would be completely wound down by the fourth quarter of 2014. Given that those purchases represented a very large portion of Treasury bond issuance at that time, it was widely assumed by many, me in particul
Tuesday, May 20, 2014