While silver investment demand in the West continues to remain weak, Indians are purchasing the white shiny metal hand over fist. In just the past six months, U.S. silver exports to India have exploded to record highs. Yes, there is no better way of putting it if we compare how…
As the markets sold off on Thursday, gold, and silver were few of the only assets that remained in the green for the entire day. Thus, the notion that the precious metals will crash with the markets continues to be proven wrong. And what an ugly day it was as…
The overwhelming majority of U.S. shale companies were hit hard due to lower oil prices in the first quarter of the year. Just about every shale company that I keep track of suffered negative free cash flows in Q1 2019. This was quite a surprise as Rystad Energy claimed that…
According to the poor financial results in the first quarter of the year, the top primary silver miners are now likely paying the market $2 an ounce to take their silver. And, the financial situation for these silver producing companies may even worsen in the second-quarter if the oil price…
The colossal Penasquito Mine’s tailings dam will reach a stunning height of a 46 story skyscraper over the next decade. That is, if the mine reopens and is allowed to continue business as usual. Newmont-Goldcorp suspended operations at Mexico’s second largest silver mine on April 29th, due to a blockade…
(by Dr. Louis Arnoux) Recently, Saudi Aramco, the world largest oil exporter, has acknowledged that Ghawar, the world largest oil field, is in decline. The news went mostly unnoticed except in the specialised media. OK, so the Saudi have a bit of bother, so what? In fact, this piece of…
While many precious metals investors are concerned about the current low prices, I believe gold and silver are setting up for a major rally while the market is primed for a crash. Why? Because the broader market technical indicators versus the precious metal have been pushed to opposite extremes. Thus,…