This is a Trade Update for our ongoing ExxonMobil short position as well as the oil price. The oil price on the quarterly chart has bounced off a long-term trendline, which may suggest a correction is ahead. Thus, a correction in the oil price will also impact the XLE Energy Sector ETF and ExxonMobil…
With the results finally out, the top Silver Mining Industry’s average yield fell to the lowest level ever. While the pandemic shutdowns reduced overall silver production significantly, it didn’t impact the ore grades all that much. Since 2005, the top seven silver mining companies and mines saw their average yield…
In one of the most important discoveries I have made from my research, I provide the “Missing Link” to the Roman Empire’s collapse by peak silver production. The Ancient Roman Empire financed its growth by the tremendous amount of silver extracted from Spanish ore. However, when silver…
During the silver price spike last year, the United States imported a record amount of metal in July. In just one month, the U.S. imported nearly 1,000 metric tons or nearly half of the total monthly global mine supply. What’s even more interesting is that during the second half of 2020…
The United States oil production suffered its worst annual decline last year ever. Of course, the pandemic shutdowns were a large factor that caused U.S. oil production to contract the most in a single year since 1940, but the peak of shale production was going to happen shortly, regardless of…
In March, sales of Silver Eagles continue to be quite strong as investors pay hefty premiums for the highly sought-after U.S. official silver coin. Also, the U.S. Mint has sold 70 times more Silver Eagles than Gold Eagles in the first eight days of March. This is nearly three times the ratio of Silver…