Future global economic growth is in serious trouble as oil discoveries fell to historic lows last year. The International Energy Agency (IEA) reported that the sharp downturn in capital spending by the conventional oil sector was due to extremely low oil prices. As the oil price fell to $30 in…
There’s this notion put forth by the majority in the precious metals community that the Fed and Central Banks control the market price of gold. I have even heard that some analysts believe the Fed could push the gold price any where they saw fit…. even to zero. While I…
In this precious metals update, Tom Cloud discusses the misinformation about the gold and silver market. Tom explains the difference between what is taking place in gold and silver versus the broader stock markets. For example, Tom states that the stock market which is currently trading at 29 times earnings…
After the Primary Silver Mining Industry enjoyed a brief increase in productivity over the past two years, it fell to the lowest ever in 2016. The reason the primary silver mining industry’saverage yield increased in 2014 was due to the addition of Tahoe Resources high-grade Escobal Silver Mine. Tahoe’s Escobal…
The euphoria of rising U.S. oil production continues in the Mainstream media while troubling signs are now taking place at the Bakken. Even though overall U.S. oil production has climbed due to an increase in drilling rig activity, supply from the Bakken has stalled. According to the most recently released…
The Peru Ministry of Energy and Mining just released their silver production data for February, and it was a whopper to the downside. Actually, I was quite surprised to see how much Peru’s silver production declined versus the same month last year. Also, Peru’s gold February production took a similar…