As the Fed and central banks continue to prop up the global economy with massive monetary stimulus, investors are just beginning to move into the precious metals to protect wealth. In the first seven months of the year, investors have already purchased three times the Gold Eagles that were sold…
It’s a shame that the drive for U.S Energy Independence only lasted for about a year. Even worse, U.S. Shale Oil Industry responsible for the country’s energy independence is now in serious trouble as the companies have cut drilling by 75% while they are drowning in debt up to the…
With the silver price closing at the high of the day, with an extremely bullish technical indicator, it now has the Green Light to move higher. Of course, nothing goes up in a straight line, so we shouldn’t be surprised if silver experiences a correction or consolidation along the way….
By the close of trading today, it will set the short-term trend for the silver price. If this technical indicator is positive, silver will likely continue higher tomorrow. However, if it turns out to be a negative indicator by the end of the day, then it will point to a…
The long-awaiting day has finally arrived. After five long years, silver has finally reached its previous high of $21 set back in 2016. So, now that the silver price has reached and broken through the $21 level, what’s next for investors? Before I show the charts, let me clarify the…
Pan American Silver announced today the suspension of two of its silver mines in Peru due to several workers testing positive for the COVID-19 virus. The two silver mines in Peru accounted for 6.3 million ounces of silver output for Pan American Silver in 2019. It’s not clear if Pan…