Everything changed today in the markets and precious metals due to President Trump’s announcement of the “Halting of the Government Stimulus.” As I mentioned in the Gold & Silver Update on Sunday, it’s impossible to forecast what is going to happen in the short term when there are major announcements or…
With the enormous investor demand for Silver Eagles, the U.S. Mint sold nearly three million official coins in September. While this wasn’t the highest monthly amount this year, it was a record when we compare the Silver Eagle sales to Gold Eagles. And, it seems that U.S. citizens are purchasing…
After the precious bounced off their lows the past week, what’s in store for silver and gold in the next few weeks? Good question. However, it will depend on the direction of the dollar and likely the broader markets. With President Trump looking to be released from the hospital on…
The U.S. shale oil industry is setting the stage for a collapse in production. Even though some production is being ramped back up after being curtailed due to the global pandemic, the severe decline in the drilling rig count and completions will be felt towards the end of the year…
The world’s two largest silver producers lost a great deal of mine supply in the first part of the year due to the global pandemic. While Peru is ranked second in overall production, it suffered a larger decline in silver mine supply than Mexico. The huge drop in silver production…
The notion that silver is just an “Industrial Metal” was utterly destroyed today as both the copper and oil prices were crushed as silver surged higher. This is precisely what I was looking for as a positive sign showing that silver is now disconnecting itself from the INDUSTRIAL METAL BALL & CHAIN…