The Silver Market seems to be heading for a shortfall in supply which could potentially be very explosive for the price. Something seems to have changed in the silver market this past year as investors are buying both physical and global ETFs. This has caused a tightness in the wholesale silver market…
Royal Dutch Shell finally admitted that its oil production has peaked. Thus, Shell is now the first oil major to finally hit the ENERGY CLIFF. While Shell says that its oil production will continue to decline over the next three decades, management doesn’t provide an outlook of what that really will look like…
Using the old tried and true magic trick of Now You See It… Now You Don’t, JP Morgan supposedly borrowed 30 million oz of silver from one vault in London, as the custodian for the iShares SLV ETF, and returned it all just a few days later. What took place behind the scenes at BlackRock’s iShares SLV ETF…
With investment demand for Silver Eagles continuing to be very strong, the U.S. Mint sold nearly 7 million of the official coins in the first six weeks of the new year. Even Gold Eagles’ sales hit a new record in January, pushing premiums up to $150+ for the one-ounce 2021…
After the large spike higher soon after the opening bell, we decided to go short again Freeport-McMoRan (FCX). We covered our previous short of FCX at $29.65, a $1 below our entry, due to a rising broader market and copper price. However, we believe there will be a short-term correction in the markets…
Two powerful forces are now setting up for a collision in the silver market. However, this wasn’t always the case. In the past, industrial silver demand was the largest component of the silver market. That’s all changed now as investment demand became the biggest factor last year, and will likely be the same in 2021…