The Energy Cliff is now impacting the financials of the world’s largest oil companies. While it was slow at first, it is now picking up speed. Even though Royal Dutch Shell posted a small profit during the third quarter, the company added another $10 billion to its long-term debt…
The current situation in the markets is setting up for a continued disintegration of the U.S. and the global economy in 2021. With the second wave of the pandemic now hitting many areas in the U.S. and worldwide, governments are starting the process of locking down their economies once again…
What an interesting day as the broader markets are selling off while the precious metals and mining stocks are holding up rather well. Unfortunately, the oil price is back in the $38 level which is destroying the value of shale oil stocks. I’d imagine Concho Resources is quite happy today…
In a never-before-seen chart, the world’s largest mining companies’ amount of fuel consumption would equal a staggering amount of human workers. Unfortunately, there aren’t enough people on the earth to provide the same amount of energy consumed as fuel by the top miners. Not even close…
With the broader markets selling off today and the precious metals being off their highs, I thought it would be a good idea to do Metals & Market Update. I also include charts and information on why silver investment demand, not industrial demand, will be the leading driver of the silver…
This is an important update for Silver & Gold Members, including the recent price action of the precious metals. Also, I will provide members with a brief explanation of how to access the material on the SRSrocco Report. Some members may not realize there is a great deal…