The collapse of global oil demand has impacted the price of Canadian Oil Sands to such a degree, the price of a barrel is now cheaper than a 12-pack of Coke purchased at Walmart. According to oilprice.com, the current price of a barrel of Western Canadian Select (oil sands) is…
Today the gold and silver prices surged higher as the Fed and central banks continue to prop up the global economy and financial system that suffered a massive heart attack. Today, the gold price jumped to the $1,750 level, while silver is almost back to $16. Demand for physical gold…
The U.S. is only in the FIRST STAGE of the country’s oil demand destruction. Since the nationwide shutdown announced by the U.S. Government in mid-March, domestic oil demand has fallen more than 7 million barrels per day. In just the past three weeks, the total U.S. petroleum products supplied to…
Now that the Peruvian Government announced an extension of the country’s state of emergency until April 26th, the world’s first and second-largest silver producers have taken 40% of global silver mine supply offline for a month. Actually, Peru first announced its national quarantine on March 15th. So, the country’s mines…
With the Federal Reserve announcing this morning that it will start buying Junk Bonds and Junk ETFs, along with its monthly asset purchases of U.S. Treasuries and Mortgage-Backed Securities, the demand for gold and silver bullion will only increase. Thus, get ready for shortages of available precious metals products to…
In just two short weeks, U.S. gasoline product supplied to the market fell 32%. The last time weekly gasoline supplies were at this level was more than 30 years ago. Unfortunately, the continued lockdown of a large part of the country will negatively impact the gasoline supply market for the…