After five long years, the gold price has finally broken through a key resistance level and is now heading towards $1,400. When the Fed announced possible rate cuts starting in July, after the market closed, the gold price shot up and continued higher during Asian trading. If gold closes above…
Few analysts realize that for the past decade, the global economy has been propped up by the U.S. Shale Oil Ponzi Scheme. Without the huge increase in U.S. shale oil production, the global economy would have peaked and collapsed into a severe depression. And according to the new data put…
The top primary silver miners in the world saw their production yield fall to the lowest level ever in 2018. Since 2005, the average yield from the top silver miners has fallen nearly in half. And along with rising oil prices, has pushed up the total cost to produce silver…
Even though the silver price has sold off today, it doesn’t mean the rally that started two weeks ago is over. While the silver price was down more than 40 cents today, it may be retesting a support level before heading higher. However, it doesn’t help that it took two…
While silver investment demand in the West continues to remain weak, Indians are purchasing the white shiny metal hand over fist. In just the past six months, U.S. silver exports to India have exploded to record highs. Yes, there is no better way of putting it if we compare how…
As the markets sold off on Thursday, gold, and silver were few of the only assets that remained in the green for the entire day. Thus, the notion that the precious metals will crash with the markets continues to be proven wrong. And what an ugly day it was as…