One of the top primary silver mining company’s is now breaking even producing silver. Pan American Silver just released its Q1 2020 Report surprising analysts by posting a net loss of $77 million. However, if we go by the company’s “Adjusted Earnings,” Pan American Silver reported a $7.6 million loss. …
According to a new report released by GlobalData, the global contagion impacted silver production the most while gold mine supply fared the best. The two largest silver producing countries, Mexico and Peru, have issued temporary shutdowns lasting nearly two months. Peru, which started its lockdown on March 15th, extended it…
Gold Eagle sales surged in March and April as investor concerns of the global contagion spread to the United States. Demand for Gold Eagles in February fell to only 7,000 oz but surged to a record monthly high in March. The U.S. Mint sold 151,000 oz of Gold Eagles in…
The global meltdown will turn into an economic depression in which few are prepared. The mainstream financial media focuses on the highly inflated stock rally and safety in the bond market, while the underlying fundamentals of the economy continue to disintegrate. However, “Earnings Season” is getting ready to start… so…
As the global contagion continues to cause a great deal of uncertainty in the markets, I thought it was a good idea for precious metals dealer Tom Cloud to provide a new update. Tom starts off the video saying that in his 44 years in the industry, he has never…
Americans are totally unprepared for the coming collapse in the U.S. Financial Ponzi Scheme and Economy. While the highly-leveraged debt-based U.S. financial system and economy were going to implode on their own in due time, the global contagion has sped up the process considerably. Unfortunately, there is no way that…