The lower price of gold has finally taken its toll on U.S. gold production. Domestic gold mine supply fell considerably in May compared to the same period last year. This is a significant amount as the United States is the fourth largest gold producer in the world. According to the…
If the world’s stock markets continue to unravel over the next several months, we could experience a tipping point in Global Silver Inventories. In addition, the U.S. Fracking Industry is now facing a new threat which could lead to a serious drop in domestic oil production. I sat down with…
Something quite interesting took place in the silver market and I believe few investors realize the significance. After looking over the data, I came across some fascinating evidence that shows just how fearful individuals are about investing in the paper precious metal markets. While analysts and investors are familiar with…
The global financial system is now getting out of control. While the clowns on the financial networks continue to regurgitate the same bullish propaganda, “that everything will be fine”, quite the opposite is the case. The system is so broken and the leverage propping it up is so extreme, the…
If you are waiting for a signal that a global wholesale silver shortage has begun, it will likely be too late to acquire physical metal. Why? Because it has never happened before. So, when the world bond and stock markets finally collapse under a mountain of paper, leverage and debt,…
In a surprising update, the Shanghai Futures Exchange reported one of the largest single-day withdrawals of silver off its exchange today. As of yesterday, the total amount of silver stored at the Shanghai Futures Exchange (SHFE) was 256 metric tons (mt). If we look at the chart below, we can…
(by James Kunstler) There is a special species of idiot at large in the financial media space who believe absolutely in the desperate and tragic public relations bullshit that this society churns out to convince itself that the techno-industrial high life can continue indefinitely, despite the mandates of reality —…