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10 Aug 2015
BANKERS THREAT: Global Exchanges Continue To Bleed Silver
As the global economic and financial system head over the cliff, silver investment demand is moving in the opposite direction. Not only has the demand for physical silver increased significantly since the middle of June, it surged to a level that has now put severe stress on the retail market.
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07 Aug 2015
If you're selling gold, Russia's buying
Aside from China's surprise announcement of the purchase of more than 600 tonnes since 2009, buying by the world's central banks picked up pace in June.
Data compiled by the World Gold Council shows Russia added 24.1 tonnes to its vaults in June, bringing its six-month haul to 67 tonnes.
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07 Aug 2015
Declining silver price weighs on Hecla's quarter
Hecla Mining said its average realized silver price in the second quarter was $16.32 per ounce, 17% lower than the $19.62 price realized in the second quarter of 2014.
The company, which reported its financial results today, reported a net loss of $26.8 million, or $0.07 per share compared to a net loss of $14.5 million last year.
Hecla's CEO Phillips S. Baker, Jr. says the company can weather declining precious metal prices and more cash flow is on the way.
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07 Aug 2015
Big Production Declines From The World Largest Silver Producers
In a stunning development, the world’s largest silver producing countries reported big declines in recent months. This was surprising because the top two producers, Mexico and Peru, stated positive growth in the first two months of the year. However, silver production from these two countries reversed this trend by declining in April and May.
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05 Aug 2015
Gold on sale, says the rational investor
The leveraged gold futures derivatives market is knocking down the precious metal, yet in massive contrast, this drop has ignited a shopping frenzy according to gold coin dealers. I spoke with several friends and industry experts last week who confirmed the record sales numbers for the month. In fact, American Gold Eagle sales reached 161,500 ounces in July, the highest monthly figure since April 2013. What gives?
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05 Aug 2015
SHANGHAI SILVER STOCKS PLUMMET: More Signs Of A Global Run On Silver?
There seems to be more evidence indicating the beginning stages of a global run on silver. How so? Well, ever since the middle of June, something significantly changed in the silver market. Physical silver investment demand skyrocketed. Why June? This was at the time Greece was voting on whether or not to remain in the European Union.
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01 Aug 2015
Fear Spreading In The Global Financial System Pushes Gold & Silver Eagle Sales To New Highs
With the continued uncertainty in the global financial system, investors purchased record Gold and Silver Eagles. Sales of Gold and Silver Eagles remained subdued in the first five months of the year…. that is, until the situation of a possible Greek exit of the European Union stirred up a huge surge in buying in June.
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01 Aug 2015
Miners are running out of gold
Most of the world’s gold is out and has been turned into jewelry. A chart from Macquarie shows we’ve mined about three-quarters of the Earth’s gold (that we know about), with only about 55,000 tonnes left to dig out.
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01 Aug 2015
PEAK GOLD vs. PEAK SILVER: Must See Chart
If you are a precious metals investor, you need to see this chart. Matter-a-fact, this is the first time (to my knowledge) in the history of precious metals analysis that the information in this chart has been made public. One look at this chart and the investor will see the the huge difference between the cost to produce the precious metals.
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28 Jul 2015
Gold & Silver Money Has Devolved Into Debt and Plastic
But I think the following is generally accurate regarding the devolution of gold and silver money.
IN THE BEGINNING: Gold and silver coins were used as real money for several thousand years. Gold and silver were universally recognized as a store of value.
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