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precious metals today

Article Index

Gold's Shocking New "Pick and Shovel" Play

By , Resource Specialist, Money Morning -

Ever since humans realized the intrinsic value of gold, we've constantly searched for - and perfected - ways to find more.

From early methods like panning and trenching, to lode prospectors hunting for rock outcrops and veins, to the invention of drill bits...

In modern times, we use increasingly sophisticated tools and techniques, such as seismic sensors, magnetometry, and gravimetrics to help locate potential gold deposits.

But, after thousands of years of digging for gold, the low-hanging fruit's already been picked. Most remaining deposits are becoming increasingly difficult to find, and increasingly low grade.

Now, a surprising, brand-new gold prospecting tool may be in the offing - one that's far less technologically demanding, and much less invasive.

It seems nature itself has found a way to extract gold from the ground.

Take a look at this picture...

The Other Precious Metal Can Double Your Money Now

By , Resource Specialist, Money Morning -

At times like this, gold and silver typically grab all the attention... and attract all the "safe" money. But there's another metal that could blast past both of these, virtually overnight.

That's because it has unique physical properties for which there is just no substitute - something its biggest consumers lose quite a bit of sleep over.

It's 15 times more rare than platinum... and 30 times more rare than gold.

And, as you'll see in the chart below, it hasn't been this attractive in 13 years.

We're looking at a 70% gain on this one - perhaps more - no matter how far Washington kicks the "debt can" down the road.

At current prices, it could even double...

Silver Prices Today: CFTC Closes Manipulation Case After Five Years

By , Contributing Writer, Money Morning -

It was a rather quiet week in the silver market. Silver prices dropped about 50 cents an ounce to trade in the $22 an ounce range.

The only real news - major news, that is - in the marketplace was the decision by the Commodity Futures Trading Commission (CFTC) to announce that its probe into silver price manipulation by the large Wall Street banks is closed without any action taken. This is after a five-year probe into the workings of the silver market.

Seriously?

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