The glory days of the Great Bakken Oil Field are soon coming to an end. With the collapse of the price of West Texas Intermediate Crude, shale oil production from the Bakken is in big trouble. How much trouble? Well, if we understand how much of its production growth came…
(By Charles Savoie) — The destruction of the Hunt-Arab silver play was a warning to the new rich in the USA and the world to not go long silver! Not only the Hunts, but regiments of small investors were burned in yet another Pilgrims Society monetary inferno. “Beyond Greed—The Hunt…
After the SNB- Swiss National Bank dropped the bombshell on the markets Thursday morning, the prices of the precious metals have gone in one direction… UP. In just two days, the price of gold is up $40 and silver $1.10. According to Kitco, gold is currently up nearly $16 and…
Sales of U.S. Mint Silver Eagles started off strong this year with 3.6 million sold in the first two reporting days of 2015. The U.S. Mint starting selling Gold Eagles last week with 51,500 ounces reported on the first day of sales. The U.S. Mint released the official first day…
As the highly leveraged global financial system moves closer towards an epic collapse, investors unwittingly continue to pour money into the Mutual Fund Market. According to the ICI – Investment Company Institute’s Q3 2014 Report, net inflows into Mutual Funds Worldwide during the third quarter reached $320 billion, up from…
There is this notion put forth by the media that a decline in global oil demand caused the huge drop in the price of oil. Ironically, global oil demand is higher than ever… that is, according to the IEA – International Energy Agency. Not only did the world consume the…