{"id":21995,"date":"2020-05-13T14:49:56","date_gmt":"2020-05-13T20:49:56","guid":{"rendered":"https:\/\/srsroccoreport.com\/?p=21995"},"modified":"2021-09-17T11:19:16","modified_gmt":"2021-09-17T21:19:16","slug":"important-factors-impacting-the-gold-silver-supply-and-price","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/important-factors-impacting-the-gold-silver-supply-and-price\/","title":{"rendered":"Important Factors Impacting The Gold &#038; Silver Supply And Price"},"content":{"rendered":"<p>The majority of analysts still don&#8217;t understand that gold and silver are based on two different price or value functions.\u00a0 To understand the future forecasts for precious metals, investors need to the difference between the two value functions.<\/p>\n<p>In my newest video update, <a href=\"https:\/\/www.youtube.com\/watch?v=xrqVTpBHX88\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Important Factors Impacting Gold &amp; Silver Price And Supply<\/strong><\/a>, I discuss in detail the two different price functions and why the current commodity-based mechanism differs from the precious metals &#8220;Store of Value.&#8221;<\/p>\n<p><iframe loading=\"lazy\" title=\"Important Factors Impacting Gold &amp; Silver Supply and Price\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/xrqVTpBHX88?wmode=transparent&amp;rel=0&amp;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"color: #800000;\"><strong>In the video, I explain why the &#8220;commodity-priced mechanism&#8221; is important as a floor for the gold and silver prices.\u00a0<\/strong><\/span> Unfortunately, because Harry Deny doesn&#8217;t understand this mechanism, he continues to put out faulty and incorrect analysis on the gold price.\u00a0 Dent stated in his April 13th video update that during the next deflationary collapse of the markets, gold would head back down to $900-$1,000 or the lows of 2008 at $700.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-21997\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Harry-Dent-Gold-Price-Target-Youtube.png\" alt=\"\" width=\"650\" height=\"332\" srcset=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Harry-Dent-Gold-Price-Target-Youtube.png 1310w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Harry-Dent-Gold-Price-Target-Youtube-300x153.png 300w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Harry-Dent-Gold-Price-Target-Youtube-1024x524.png 1024w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Harry-Dent-Gold-Price-Target-Youtube-768x393.png 768w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>Dent&#8217;s gold forecasts continue to be wrong because he fails to incorporate the impact of &#8220;ENERGY&#8221; and the &#8220;COST OF PRODUCTION&#8221; on the gold mining industry.<\/p>\n<p>I updated Barrick and Newmont&#8217;s combined total production cost versus the gold price for Q1 2020, and was quite surprised.\u00a0 Again, I explain why I don&#8217;t see gold heading anywhere near $700 due to the significant increase in cost to produce the yellow metal since 2006 when gold was the same price.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22000\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Barrick-Newmont-Estimated-Total-Production-Cost-vs-Gold-Price-2000-Q1-2020.png\" alt=\"\" width=\"650\" height=\"453\" srcset=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Barrick-Newmont-Estimated-Total-Production-Cost-vs-Gold-Price-2000-Q1-2020.png 842w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Barrick-Newmont-Estimated-Total-Production-Cost-vs-Gold-Price-2000-Q1-2020-300x209.png 300w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Barrick-Newmont-Estimated-Total-Production-Cost-vs-Gold-Price-2000-Q1-2020-768x535.png 768w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>This video took longer to publish then I had planned due to the research.\u00a0<span style=\"color: #800000;\"><strong> I was quite surprised to see Barrick and Newmont&#8217;s total production cost rise to nearly $1,400 an ounce for Q1 2020 versus the $1,272 average for 2012, when oil prices were over $100 a barrel.<\/strong><\/span><\/p>\n<p><span style=\"color: #ff0000;\"><strong>THANK YOU ALL FOR THE SUPPORT:<\/strong><\/span>\u00a0 I just wanted to thank all the individuals who continue to support the SRSrocco Report website and youtube channel.\u00a0 I know some of you have canceled memberships as times are tough.\u00a0 I understand.\u00a0 If you are new to the site and find the information valuable, please consider supporting the website, if you have the means to do so, at Paypal or Patreon below.<\/p>\n<p><strong>If you are new to the SRSrocco Report, please consider subscribing to my:\u00a0<\/strong> <a href=\"https:\/\/www.youtube.com\/channel\/UCED7G7CZfqdSV9zttlr1M_g\"><strong>SRSrocco Report Youtube Channel<\/strong><\/a>.<\/p>\n<script>(function() {\n\twindow.mc4wp = window.mc4wp || {\n\t\tlisteners: [],\n\t\tforms: {\n\t\t\ton: function(evt, cb) {\n\t\t\t\twindow.mc4wp.listeners.push(\n\t\t\t\t\t{\n\t\t\t\t\t\tevent   : evt,\n\t\t\t\t\t\tcallback: cb\n\t\t\t\t\t}\n\t\t\t\t);\n\t\t\t}\n\t\t}\n\t}\n})();\n<\/script><!-- Mailchimp for WordPress v4.12.1 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><form id=\"mc4wp-form-1\" class=\"mc4wp-form mc4wp-form-5 mc4wp-form-theme mc4wp-form-theme-red\" method=\"post\" data-id=\"5\" data-name=\"Posts &amp; 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Under no circumstances should you interpret opinions which SRSrocco Report or Steve St. Angelo offers on this or any other website as financial advice.<\/em><\/span><\/p>\n<p>Check back for new articles and updates at the <a href=\"https:\/\/srsroccoreport.com\/\" rel=\"noopener noreferrer\"><em><strong>SRSrocco Report<\/strong><\/em><\/a>.\u00a0 You can also follow us on Twitter and Youtube below:<\/p>\n<ul class=\"srsr-social-ul\">\n<li id=\"srsr-minilogo-li\"><img decoding=\"async\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2016\/04\/srsroccoreport-mini-logo-100x35-1.png\" \/><\/li>\n<li class=\"srsoc-li\"><a href=\"https:\/\/srsroccoreport.com\/twitter\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2016\/04\/follow-us-on-twitter-165x35-1.png\" \/><\/a><\/li>\n<li class=\"srsoc-li\"><a href=\"https:\/\/srsroccoreport.com\/youtube\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2016\/04\/follow-us-on-youtube-165x35-1.png\" \/><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The majority of analysts still don&#8217;t understand that gold and silver are based on two different price or value functions.\u00a0 To understand the future forecasts for precious metals, investors need to the difference between the two value functions. In my newest video update, Important Factors Impacting Gold &amp; Silver Price&#8230;<\/p>\n <a href=\"https:\/\/srsroccoreport.com\/public\/important-factors-impacting-the-gold-silver-supply-and-price\/\"><div class=\"continue-reading\">Continue Reading<\/div><\/a>","protected":false},"author":3,"featured_media":29521,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,1,68,22,7,14],"tags":[71,35,2,72,45],"class_list":["post-21995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-free-members","category-mining","category-news","category-precious-metals","category-videos","tag-gold-mining","tag-gold-price","tag-public","tag-silver-mining","tag-silver-price"],"_links":{"self":[{"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/posts\/21995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/comments?post=21995"}],"version-history":[{"count":0,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/posts\/21995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/media\/29521"}],"wp:attachment":[{"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/media?parent=21995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/categories?post=21995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/tags?post=21995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}