Even though the gold price increased in 2018, the top gold miners production declined while costs continue to escalate. Output at three of the top gold miners in the world fell in the first half of 2018 compared to the same period last year. With rising costs due to higher energy…
While the U.S. reached a new record of 11 million barrels of oil production per day last week, the top five shale oil fields also suffered the highest monthly decline rate ever. This is bad news for the U.S. shale industry as it must produce more and more oil each…
There’s a sleeping tiger in the silver market, and it isn’t the Chinese. While the Chinese continue to acquire a lot of gold, they aren’t that interested in silver However; it’s the Indian investor who is has been the dominant player in the silver market. Why? According to an article…
New information suggests that the cost to produce gold is much higher than what the market realizes. As the cost to produce gold has skyrocketed over the past two decades, the mining industry has hidden certain costs by placing them in their capital expenditures. This has lowered their “Cost of…
Tom Cloud discusses the silver market and the new 2018 Silver Krugerrand. According to Tom, the silver price has hit $15.80 for the fifth time suggesting we are closer to a bottom. Of course, the gold and silver prices could continue to trend lower, but we must understand that silver…
The markets are in serious trouble as the extreme oil price volatility continues to devastate the global economy. Investors and analysts today are totally clueless because they have become the frogs burnt to a crisp in the frying pan. Over the past several decades, the oil price has fluctuated tremendously,…