When you think nothing can shock you anymore, it does. I was completely stunned by how high Barrick’s cost of production increased in the first quarter of 2023. Barrick surpassed Newmont with the highest cost to produce gold in the industry. I see even worse results for smaller gold miners…
You have to see how much the Global Money Supply has increased in the past decade… I was completely stunned. There is so much money sloshing around that when the world hits “Hyper-Stagflation,” it will push the silver price to new all-time highs…
If Americans thought they would enjoy lower “Electric Bills” this year after paying skyrocketing prices in 2022… think again. Unfortunately, U.S. power bills will continue to rise even though natural gas and coal prices have dropped significantly since last year…
Newmont Mining, the largest gold miner in the world, reported the highest costs ever during the first quarter of the year. This was quite surprising as energy costs declined while the gold price averaged over $1,900. I thought for sure Newmont would be lowering costs and increasing profits…
In a stunning update, the iShares SLV ETF reported a massive liquidation of short positions yesterday. This is quite interesting as it occurred right at the peak of the SLV and Silver Prices. Typically, we see market participants liquidating short positions as the price of the asset falls, but not this time…
After watching several “Top notch” Financial & Economic analysts interviews this weekend, I realized just how unprepared we are as a human race. While I respect some of these analysts’ understanding of the massive debt, money printing, and leverage in the system, they ALL totally ignore energy in their forecasts…