Mining

U.S. Silver Production Drops Significantly Again In October… Has Peak Silver Arrived?

After U.S. silver production declined nearly 20% in September (y.o.y), this continued again in October.  According to the USGS Silver Mineral Industry Survey, silver production in the U.S. fell to 84.6 metric tons (mt) in October compared to 103 mt during the same month in 2014. As we can see…

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THE DRAIN CONTINUES: U.S. Exports More Gold To Hong Kong Than It Produces

As the Federal Reserve continues to prop up the highly leveraged debt based financial industry, the flow of U.S. gold heading East picked up significantly.  According to the USGS most recently released survey, Hong Kong received 56% of total U.S. gold bullion exports in September. Actually, U.S. gold bullion shipments…

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