After Fed Chairman Powell spoke live today, the precious metals prices jumped higher, especially silver. Silver was up more than 90 cents, reaching $25.50. Gold closed higher by nearly $12 to $1866. However, the REAL WINNER today was silver. Why? After silver broke out above a technical level…
While the top two silver mining countries in the world have ramped up production since the pandemic lockdowns, Peru is still struggling to get to full capacity. Also, Mexico’s silver production in September is still less than it was last year. Because Mexico and Peru account for nearly 40% of…
U.S. Silver Eagle sales this year are RED HOT pushing total silver investment demand to record highs. According to the U.S. Mint’s most recent update, Silver Eagle sales in 2020 have surpassed 30 million and may continue to increase over the next few weeks in December. Also, for the first time…
Something totally shocking took place last week, and it seems like no one really noticed. Actually, I am quite surprised when I saw the data as it was the biggest change in the U.S. money supply… EVER. And, I am not exaggerating. Investors need to be very concerned now…
With the precious metals prices are still consolidating, copper looks ripe for a correction lower. Currently, copper holds a record amount of commercial short positions, the highest in over 25 years. While the copper price may move higher, it will likely experience a correction soon as several indicators…
The surge in the gold and silver prices today was the result of the large Dollar sell-off. The U.S. Dollar has been trading off an important support level for the past four months, but finally broke below it today, causing a nice really in the precious metals. Gold was up $40…