The depletion of Comex Gold Warehouse stocks continues with another big withdrawal today. Furthermore, this was met with a huge draw-down of silver stocks as well. In less than one month, a staggering 640,000 ounces of gold have been removed from the Comex. If we look at the table below,…
Due to the Fed policies of supporting the stock and bond markets, while allowing the competing Dollar currencies of gold and silver to tank, we are beginning to see the first casualties in the primary silver mining industry. Unfortunately, I knew this was coming for these high-cost mines, but knowing…
As the FED turns up the heat in the central bank frying pan, the frogs (public) don’t realize they are being cooked to death by inflation. I am quite amazed how loud the sizzling sound has become, but for some odd reason hardly anyone notices it. Unfortunately, we are well…
According to the data put out by the U.S. Mint, they have sold 27.5 million oz worth of Silver Eagles so far in the month of July. Furthermore, they show a total of 52.6 million for the year. I highly doubt they sold that many silver eagles, as it looks…
It didn’t take long for the hoards of zombie bank analysts to come out with their bearish precious metal forecasts now that the price of gold and silver are down 25% and 40% respectively since the beginning of the year. Coming straight out of the bankers play-book, it looks like…
The U.S. Economy is still heading for a train-wreck, but you wouldn’t know it if you pay attention to the information and data coming out of the Main Stream Media. I am completely surprised at the apathy and nonchalant behavior of the investing public as the economic conditions continue to…