While the world awaits the BREXIT vote, the COMEX Registered Silver Inventories reached a new record as it pertains to leverage. Matter-a-fact, the number of owners per ounce of Registered Silver is higher than gold. In the beginning of the year, COMEX Gold Registered inventory owners per ounce spiked to…
During this week’s precious metals update, Tom discusses possible scenarios resulting from the Brexit vote and why the Fed won’t raise interest rates anytime soon. Tom also gives a brief update on the wholesale precious metals market stating that delays in obtaining gold or silver may occur later this year:…
According to the figures in the 2016 World Silver Survey, Americans now lead the world in physical silver investment. This is quite an interesting change as India has been the number one market for silver bar demand in the past. For example, Indians purchased more than 100 million oz (Moz)…
Last month a new company announced that it would produce a vehicle that would totally revolutionize the U.S. transportation industry. It was Nikola Motors located in Salt Lake City, Utah. Not only does the company plan on producing the vehicle in large numbers, it has already pre-sold $2.3 billion of…
The event that will transform the Silver Market is when BIG MONEY finally moves into the sector in a BIG WAY. Even though the precious metals prices experienced new highs in 2011, this was due to only a small fraction of investor demand. The overwhelming majority of investors were still…
With leading indicators pointing to a decline in economic activity, U.S. silver imports surged in March. How much did U.S. silver imports increase? They jumped by nearly 20% compared to the previous month. If we take a look at the chart below, we can see how much U.S. silver imports…