Due to shutdowns stemming from the global contagion, Peru’s silver production collapsed 20 million ounces versus the same period last year. Mining companies have restarted operations, and the country expects to be at full production by the end of July. We will see. However, it may turn out that Peru’s…
After silver fell nearly $2.50 from its highs in Asian trading last night, it bounced right off its important $27.50 level, twice this morning. It will be interesting to see where the silver price rests and the end of the day. This morning on my SRSrocco Report Twitter Feed, I…
As the SILVER BULL MARKET continues on its ever-increasing upward trend, what does the 50-year long-term silver chart reveal?? Let’s just say, some of the indicators are pointing to much higher prices. And, if we include the lousy economic and financial fundamentals being propped up by massive Fed and central…
Even though the silver price has surged over the past two months, we haven’t seen anything yet. Step aside, Tesla. Watch what happens when investors begin to understand the true meaning of “STORE OF VALUE.” I can assure you; Tesla is not a store of value but rather a perfect…
With silver surging another $1.70 today, the NEW BULL MARKET now seems to be intact. Not only did silver jump by another 7% today, gold climbed by more than $41 by the end of trading. Gold closed at a new all-time high of $2020. The primary gold and silver mining…
The global contagion that negatively impacted the oil industry couldn’t have come at a worse time for ExxonMobil. After the company increased its long term debt by $12 billion over the last year, ExxonMobil may have to borrow even more money to continue paying dividends and capital expenditures (CAPEX). The…