There was a huge development reported in the silver market last week and how did the precious metal community respond? They basically ignored it. Go figure. So, I will try again to get the word out by presenting it in a different fashion. Indian silver demand was so strong this…
According to GFMS, the world is expected to see a peak in silver mine supply in the next 2-3 years. This statement including this year’s supply and demand statistics were released in the GFMS 2014 Silver Market Interim Report for the Silver Institute. GFMS states the reason for the peak…
(by Charles Savoie) – “The fact that the British Government for India had SEVERAL HUNDRED MILLION OUNCES THAT IT MIGHT DUMP ON THE MARKETS OF THE WORLD NOT ONLY REDUCED THE PRICE OF SILVER ONE-HALF BUT, BY ITS THREAT TO FURTHER INDEFINITELY REDUCE SUCH PRICE, DESTROYED ITS VALUE FOR CREDIT….
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…
After the huge take-down in the price of silver on October 31st, demand for Silver Eagles skyrocketed. Then on Nov. 5th after silver was knocked down another 5%, the U.S. Mint suspended sales of Silver Eagles. It was reported that the U.S. Mint sold 2 million Silver Eagles on Nov….
Not only is Australia exporting a great deal of iron ore, base metals and energy resources to China, it’s also shipping a lot of gold to meet the country’s insatiable demand. How much gold?? Turns out to be one heck of a lot. Just a few years ago, China received…