While Americans continue to believe that the U.S. will become energy independent, the county’s second largest shale oil field is seeing a drop in production due to a rising decline rate. The Eagle Ford Region in Texas experienced an increase in production as the oil price, and drilling activity increased…
As Americans place a record amount of bets into a stock market that continues to rise towards the heavens, few realize how much the Dow Jones Index is overvalued. While some metrics suggest that the Dow Jones Index is very expensive, there is another indicator that shows just how much…
During this precious metals update, Tom Cloud discusses several important developments in the gold and silver markets. Tom first discusses the debate on the monetization of the Silver Libertad and the increased buying by investors of the Official Mexican silver coin. Tom then talks about the possibility of a gold-backed…
For the U.S. Retirement Market Ponzi Scheme to continue, there must be a new group of suckers to pay for the individuals who are receiving benefits. Â Without a new flow of funds, the Ponzi Scheme comes crashing down. Â Such was the case for the individuals who invested in the $65…
The low oil price is negatively impacting another OPEC oil exporter as it continues to liquidate its foreign exchange reserves. Â Algeria, like Saudi Arabia, has seen its international reserves plummet by more than 40% as the oil price fell in half since 2014. Algeria joined OPEC back in 1969 and…
Recently, there was a debate in the Mexican Congress on the proposal to monetize the Silver Libertad Coin. Â The debate took place during a forum for “The Promotion of Savings for Mexicans.” Â If Mexico decided to monetize its Silver Libertad Coin, it could have a severe impact on the silver…