According to USGS, U.S. gold production declined 11% in October compared to same month last year. This was due to lower seasonal production in Alaska and lower grades at Rio Tinto’s Bingham Caynon Mine in Utah. U.S. gold production in October was 16.8 metric tons (mt) compared to 18.9 mt…
U.S. gold exports to Hong Kong and China jumped significantly in October. Not only were U.S. gold exports strong in October, they were the second highest for the year. Shipments of gold out of the U.S. spiked in January, declined in February and March and remained subdued during the summer…
(By Charles Savoie) — As of a January 2, 2015 report, Bitcoin was in the $350 range in December 2014, but it started 2014 at $770! As of January 20, Bitcoin is $210, and the New York Stock Exchange (Pilgrims Society) has invested in another Bitcoin startup enterprise. There’s no…
With the new year now in full swing, Silver is one of the top performing commodities in 2015. After falling over 71% from its high of $49.82 in April 2011, to a low of $14.16 in December 2014, silver is up 16.3% in 2015. Not only is silver up higher…
The U.S. Mint just updated its Silver Eagle sales on its website… and it was a real doosey. Looks like the U.S. Mint sold nearly one million Silver Eagles over the Holiday weekend. The last update provided by U.S. Mint, listed sales for January at 3,701,500 on Friday. There was…
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…