As the U.S. economic and financial system continue down the road of self-destruction, there is an increasing amount of evidence that suggests the day of reckoning is fast approaching One such indicator is the amount of U.S. gold export scrap. At one point in time, the United States was exporting…
Total U.S. gold exports picked up substantially in October after a low was hit in September at 37.6 metric tons. As the price of gold declined from $1,400 at the beginning of September to a low of $1,250 in October, gold exports increased to Hong Kong & Switzerland. According to…
The key to investing in silver is getting in before the big gains are made. Even though the price of silver is up substantially in the past decade, it has only kept in par with the rise of the cost of energy. In 2004 the price of a barrel of…
After a brief pause in the decline of Comex Gold inventories, it looks like it has continued once again as there were several big withdrawals over the past few days. Not only was there a large removal of gold from the Comex today, the Registered (Dealer) inventories are now at…
Many precious metal investors would like to know where the price of silver is headed in 2014. After the huge take-down of the price of gold and silver in 2013, investors want to know if silver has finally put in a bottom and is getting ready for a new move…
While many analysts on Wall Street forecast gold to head lower in 2014, they fail to realize that its historic ratio to oil points to a much higher price. It seems like everything today is based on financial wizardry rather than fundamentals of a physical economy. The economy has moved…