After Fed Chairman Powell spoke live today, the precious metals prices jumped higher, especially silver. Silver was up more than 90 cents, reaching $25.50. Gold closed higher by nearly $12 to $1866. However, the REAL WINNER today was silver. Why? After silver broke out above a technical level…
There is an IMPORTANT UPDATE for SRSrocco Report Subscribers and Followers. We believe 2021 is going to be quite an interesting year as the U.S. and world economic fundamentals continue to disintegrate. Thus, we wanted to share some changes we have made to the SRSrocco Report site for subscribers and followers.
The peak of the U.S. Oil Refining Industry has finally arrived. After more than a century of expanding U.S. refining capacity, we are now witnessing a contraction that will turn into a steady disintegration over the next several decades. More than a half-dozen U.S. refineries have announced closures…
While the top two silver mining countries in the world have ramped up production since the pandemic lockdowns, Peru is still struggling to get to full capacity. Also, Mexico’s silver production in September is still less than it was last year. Because Mexico and Peru account for nearly 40% of…
With the gold price reaching a new high during the third quarter, the mining companies enjoyed record profits, even better than during the peak-period in 2011. Of the leading twelve large and midcap gold producers, I was quite surprised to find who was the most profitable in the group…
The increase in the U.S. money supply in the past two weeks is absolutely shocking. Something must be seriously wrong behind the scenes at the U.S. Treasury and Federal Reserve for the M1 Money Supply to increase more in the past two weeks than it did in six weeks during…