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…
Since late last year, when Deutsche Bank was on the verge of bankruptcy, the company has instituted a strict austerity program of cutting costs and employees. On October 21st, Deutsche Bank announced plans to cut 28,000 employees worldwide due to the financial crisis caused by the pandemic. However, Deutsche Bank…
With the broader markets now primed for a correction, the copper market is flashing a BLINKING RED LIGHT. Currently, the copper price sentiment is the highest compared to all other commodities, stocks, and indexes. Typically, when an asset reaches a high “optimistic” level, a reversal is close at hand…