The cost to produce silver by the leading primary mining companies hit a new record high in Q2 2024. Even the second largest silver producer in the world, Copper Miner, KGHM Polska Miedz, reported a dismal 6% profit margin.
If there is one chart you need to see, it is the Copper chart, especially when you compare it to the broader markets and silver. While the notion that the Green Energy transition would push the copper price to new highs, we are seeing the exact opposite… WHY…
The results are now in, and the Top Primary Silver Miners’ cost of production hit a new record high in Q2 2024. Even the largest silver mining company in the world saw its costs increase significantly. This means we have a new higher floor in the silver price…
Has the U.S. Shale Oil Peak finally arrived? Or is it Later? The EIA – U.S. Energy Information Agency just forecasted the Permian production to continue to increase into 2026. Will it? In my newest video update, I provide the charts from the different shale fields…
Not only have these three gold miners outperformed the group, they are now becoming overvalued. We must remember that gold mining stocks tend to trade in a cycle so it is important to know where they are in the current cycle…
While oil prices remain weak, U.S. petroleum inventories fall to five-year lows. This divergent trend can’t continue much longer. Also, I was surprised to see such a large build in the SLV Silver inventories since June…