It was finally nice to chat with Fortuna CEO Jorge Ganoza about the mining industry, energy, and what constitutes a “Real Store of Wealth.” Chris Marcus hosted the interview, where he allowed me to discuss energy and why it is extremely important to invest in physical precious metals and mining companies…
We can thank the shale companies for their hard work producing tight oil, which we export nearly half. Amazingly, the U.S. exports more oil now than what Iran, Kuwait, or the UAE produces. The U.S. shale industry is exporting the highest-cost oil at bargain-basement prices…
European natgas inventories took a Big Hit this week as a record Cold-Snap hit the region. Could this be a bad omen for Europe’s natgas supply and demand situation this winter? We will see… but the situation in the U.S. couldn’t look any better as natgas inventories hit a 5-year high…
Today, the precious metals rally continued as the gold price closed $32 higher on the first trading day in December. However, the GDX – Gold Miners ETF continues underperforming the gold price. This is certainly odd because the Dow Jones Index surged nearly 300 more points…
Gold & Silver finally BROKE OUT above long-term critical levels… so what’s next?? Well, if the U.S. Treasury continues to pump $170 billion a month of new debt into the U.S. Economy, that will turn out to be extremely inflationary and thus bullish for the metals…
Can new mining projects in the next few years halt the ongoing decline in the global silver mine supply? Logic suggests this… but it hasn’t been the case since the world’s silver production peaked in 2016. Even with 60 million oz of new silver supply, global mine production grinds lower…