U.S. crude oil production experienced a surprising drop last week, even though domestic demand for oil and petroleum products increased. This came as a surprise to some energy analysts. Furthermore, the IEA, International Energy Agency came out with a forecast for global oil demand to fall 8.1 million barrels per…
We had to REPOST Tom’s Newest update because we mistakenly republished his last video. In this newest update, Tom Cloud discusses what is happening in the precious metals markets. Tom begins by explaining that his sales at Cloud Hard Assets have been for the past month are about 80% silver…
The U.S. imported a record amount of gold bullion in April during the global contagion and shutdown of many economies. The United States imported more gold in April than it did during all of last year. A lot of the gold imported into the U.S. was due to delivery issues,…
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While the indicators last week suggested a higher silver price this week, it looks like the overdue correction has finally begun. We shouldn’t be surprised to see a correction in the silver price as it doubled in less than three months. However, it does seem as if the corrections are…
There is growing evidence that the rapid rise in the silver price is due to physical buying, not paper speculating. We can see this in the falling Commercial net short position trend as the silver price continues to rise. Typically in the past, when the silver price enjoyed a price…