There have been some interesting movements of silver at the Shanghai and Comex warehouses in the past several months. Keeping pace with its downward trend, silver continues to be drained out of Shanghai Futures Exchange ever since the April 12th price take-down. Here we can see that on April 12th,…
The primary silver mining industry is not sustainable at present market prices. Financial reports are starting to be released and by the end of the month we should have a pretty good idea on how bad the losses will be. As I stated in my previous article “The Largest Silver…
The largest silver mining company in the world just came out with their first half financial results and the figures were dismal. Fresnillo’s first half profits declined a staggering 60% compared to the same period last year. However, at current metal prices the largest silver producer in the world could…
I chatted with Sean at SGT Report about the interesting changes taking place in the precious metal inventories at the Comex and Shanghai Exchange. We also discussed why gold and silver will be some of the best stores of value and how the falling EROI was responsible for the collapse…
The largest silver producing country in the world has seen its production decline substantially in the first five months of the year. Mexico was forecasted to increase its silver production this year, however if present trends continue, total output could fall nearly 10% in 2013. If we take a look…
While it seems that just about all of the economic data coming out of Wall Street or the U.S. Government is manipulated, there is one piece of data that is not. This valuable piece of information may also give us an idea on just how much the U.S. GDP data…