November 2014

SILVER EAGLE & MAPLE LEAF RECORD SALES: Five Times Larger Than 2007

The Royal Canadian Mint just released their figures for the quarter showing record Silver Maples sales for the year.  Sales of Silver Maples weren’t as strong in the third-quarter compared to the same period last year, but they outperformed Silver Eagles in percentage terms. Sales of both the Silver Eagles and Maples were quite strong…

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EXCHANGE WAREHOUSE SILVER STOCKS: Large Declines Across The Globe

After experiencing a small build of inventory over the past few months, silver warehouse stocks at the Shanghai Futures Exchange are now back on the decline.  Matter-a-fact, Shanghai Future Exchange (SHFE) silver stocks fell 11 metric tons today, nearly 10% in just one day. Silver warehouse stocks at the SHFE bottomed in September at 81…

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Gold mining industry mostly ‘under water’ – Gold Fields CEO

Kevin Crowley (Bloomberg) – Gold miners’ costs are mostly higher than current spot prices, increasing the likelihood of writedowns next year, according to Nick Holland, chief executive officer of Gold Fields Ltd. Across the industry, costs are about $1,300 an ounce including debt repayments, Holland said by phone from Johannesburg today, citing analysts’ research. Gold…

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