In a surprising update, there were two large gold withdrawals from the Comex on Friday. Not only were these large withdrawals, they came from Brinks and Scotia Mocatta’s Registered inventories. Even though the Comex holds a total of 7.7 million ounces of gold, only 10% of this amount is stored…
With all the third-quarter results finally out, the top primary silver miners as a group lost money producing silver at $19 an ounce. This is not good news as the current price of silver is nearly $3 lower. I would imagine the fourth quarter will be extremely painful for the…
(By Charles Savoie) — In 1957, Schroth appeared in The Pilgrims New York roster, undoubtedly as an outer circle member, but their kind of man, having alleged bat droppings exceed megamillions of ounces of gold and silver produced by Peru even as of 1929! As a trustee of the Brooklyn…
With the paper price of silver now below the break-even for the majority of the primary silver mining companies, India imported a massive 1,243 metric tons of silver in October alone. What is quite interesting about this figure is that it comes in at one metric ton shy of the…
The Royal Canadian Mint just released their figures for the quarter showing record Silver Maples sales for the year. Sales of Silver Maples weren’t as strong in the third-quarter compared to the same period last year, but they outperformed Silver Eagles in percentage terms. Sales of both the Silver Eagles…
After experiencing a small build of inventory over the past few months, silver warehouse stocks at the Shanghai Futures Exchange are now back on the decline. Matter-a-fact, Shanghai Future Exchange (SHFE) silver stocks fell 11 metric tons today, nearly 10% in just one day. Silver warehouse stocks at the SHFE…