The important silver threshold line was broken briefly last week and continues to bump up against it in early trading today. If the silver price closes above this threshold line by a significant margin, it could mean big trouble for the bullion banks who hold record silver short contracts. I…
The top two gold miners burned a record amount of fuel to produce gold in 2015. Even though Barrick and Newmont burned less overall fuel than their operations did in 2013, their consumption per ounce of gold produced was the highest ever. This is not good news for the gold…
The spike in the gold price during the holiday weekend triggered a record ONE-DAY surge in mainstream investor gold demand. Investors in the West watched over the fourth of July holiday weekend as the gold price continued higher on early morning trading on Monday. By the time gold opened on…
This is a very important precious metals update by Tom Cloud. Tom discusses the huge lines of people, two to three blocks long in Hong Kong this past weekend, waiting to buy gold and silver. He also discusses what is happening in his business as individuals are buying multi-million Dollar…
Americans and Canadians will likely face silver shortages in the future as investment demand continues to surge higher. This will come at time as the silver price skyrockets, thus making it even harder for investors to acquire physical metal. The U.S. and Royal Canadian Mints produce most of the Official…
The huge Silver Rally this week took a lot of precious metals investors by surprise. The silver price surged 15% since the BREXIT vote results last Friday. Silver began trading at $17.25 last Friday and closed at $19.76 today. Gold also performed very well by increasing 7%. As we can…