The world’s two largest silver mines have seen their productivity decline substantially due to falling ore grades and rising costs. Gone are the days when silver mines could produce silver at 15-20 ounces per ton. Today, the Primary Silver Mining Industry is likely producing silver at an average yield of…
Regulators in Chile ordered the permanent closure of Barrick’s Pascua Lama Gold Project on their side of the border. This is very bad news for Barrick because the majority of gold mine is located on the Chilean side of the project. The massive Pascua Lama Gold Mine straddles the border…
The leverage in the economic system has become so extreme; investors have no idea of the disaster that is going to take place during the next stock market crash. The WILDCARD in the gold market is the retail investor, which will cause panic gold buying.
While the gold mining industry reports energy as only 15-20% of its total production costs, the total amount is much higher. The market underestimates the amount of energy consumed by the gold mining industry because of the way it is listed in their financial statements…
As investors’ bullish sentiment moves up to euphoric levels, the markets are reaching extreme leverage. This is terrible news because a lot of people are going to lose one heck of a lot of money. According to CNN Money’s Fear & Greed Index, the market is now at the “extreme greed” level, and if we go by Yardeni Research on “Investor Intelligence Bull-Bear Ratio…
The oil market price is setting up for one heck of a fall. Now, could this large oil correction cause the next stock market crash? Time will tell. However, the indicators in the oil market are showing the largest net commercial short positions in history…