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PEMEX: Mexico’s State Oil Company On The Verge Of Bankruptcy & Collapse

Mexico’s state oil company, Pemex, is a perfect example of the ongoing collapse in the global oil industry.  Falling oil prices and declining production are putting severe pressure on the company’s financial balance sheet.  It has been four long years since Pemex posted a small profit.  However, since 2012, Pemex has suffered huge annual losses…

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Trump Market Euphoria Impacts Precious Metals Demand: Plummets In West, Surges In East

With the Trump euphoria pushing the broader markets to new all-time highs, it has impacted precious metals demand considerably… especially in February.  Precious metals investors believing the White House “Grandiose plans”, of making American great again, have cut back seriously on their precious metals buying. There seems to be a percentage of the alternative community…

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IT BEGINS…. Idaho & Arizona Pass Bills To Remove “Capital Gains Taxes” On Gold & Silver

In just the past week, lawmakers in Idaho and Arizona have passed bills removing “Capital Gains Taxes” from gold and silver coins and bars.  Normally, when individuals sell gold or silver, they must pay capital gains on any increase on the value of their precious metals investments.  However, gold and silver are really not investments…

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TOM CLOUD PRECIOUS METALS UPDATE: Stock Market Bubble & Significant Developments Over Next Two Months

Tom Cloud begins his precious metals update with the implications of a March 15th Fed interest rate hike on the markets.  Investors need to realize that as interest rates move higher, so will the interest payment on the debt, which is now approaching $20 trillion.  Furthermore, Tom discusses the significance of a U.S. debt ceiling…

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Low Oil Prices Continue To Decimate Saudi Arabia’s Currency Reserves

The low oil price continues to wreak financial havoc on the largest oil producer in the Middle East.  While the Mainstream press has published articles forecasting a rebound in Saudi Arabia’s financial outlook, due to higher oil prices this year, it seems like the Kingdom’s problems are just beginning. In order to make up for…

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Peru’s Silver Production Surged Early In 2016, Then Suffered Double-Digit Decline in December

While Peru’s silver production surged in the beginning of 2016, it experienced a double-digit decline in December versus the same month last year.  Peru is the second largest silver producing country in the world, trailing Mexico by approximately 40 million oz, but now leading third-ranked China by a wide margin. Peru started off 2016 with…

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CONTINENTAL RESOURCES: Example Of What Is Horribly Wrong With The U.S. Shale Oil Industry

According to Continental Resources website, it labels itself as America’s oil champion.  To be a champion, one is supposed to be winner.  Unfortunately for Continental, it’s taking a serious beating and is a perfect example of what is horribly wrong with the U.S. Shale Oil Industry. During the beginning of the U.S. shale energy revolution,…

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