Decline in Peru’s Silver Production, Future Supply at Risk?

The Peru Ministry of Energy and Mining just released their silver production data for February, and it was a whopper to the downside. Actually, I was quite surprised to see how much Peru’s silver production declined versus the same month last year. Also, Peru’s gold February production took a similar big hit. According to the Peru Ministry of Energy and Mining data, the country’s silver production fell 12% to 323.1 metric tons (mt) this February versus 367.4 mt the same month last year: This is a 44 mt decline in one month, nearly 1.5 million oz lost. Here is the […]

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Cannington Mine Suffers a Huge Production Decline

The largest primary silver mine in the world experienced a huge decline in its production due to falling ore grades. The Cannington Mine, now run by South 32 Ltd., suffered a huge drop in its silver production during its 1H 2017 reporting time-period. Some companies, such as South 32, start their fiscal new year in July. BHP Billiton, who owned the Cannington mine since its start-up in 1997, spun it off to South 32 back in 2015. According to South 32’s production report, the Cannington Mine saw its silver production drop by a staggering 27% 1H 2017 versus 1H 2016: […]

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Trump Selects Wall Street Insiders for Cabinet; Steve St. Angelo on Silver Production Peak on 2015

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a fascinating interview with Steve St. Angelo of the SRSRocco Report. Steve gives his unique and studied perspective on how peak energy is coming sooner than we think and is ultimately going to be a key driver for higher gold and silver prices. Don’t miss my interview with Steve St. Angelo, coming up after this week’s market update. As investors continue to shuffle their portfolios in preparation for the coming Donald Trump era in Washington, precious metals markets are being overlooked. Gold and silver sold off […]

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4 Surprising Charts About Silver Production & Future Higher Prices

If the market has finally experienced a peak in world silver production, this warns of higher prices in the future.  In addition, the global silver market suffered another large net supply deficit in 2016.  These factors point to a big upcoming trend change in the future silver market. The Silver Institute just published its 2016 Silver Interim Report.  This report is published by Thomson Reuters GFMS.  According to their forecast for 2016, global silver production will decline to 887 million oz (Moz), down from 893 Moz in 2015: While forecasted global silver production for 2016 is down only slightly versus […]

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More Jobs Shipped Out Of The Country: Ford Moves All Small Car Production To Mexico

What is going to happen when America finally doesn’t have any manufacturing jobs left at all?  On Wednesday, we learned that Ford Motor Company is shifting all small car production to Mexico.  Of course the primary goal for this move is to save a little bit of money.  This hits me personally, because my grandfather once worked for Ford.  He was loyal to Ford all his life, and he always criticized other members of the family when they bought a vehicle that was not American-made.  When I was young I didn’t understand why making vehicles in America is so important, […]

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US 2015 Oil Production and Future Oil Prices

Oil production can be confusing because there are various “pieces” that may or may not be included. In this analysis, I look at oil production of the United States broadly (including crude oil, natural gas plant liquids, and biofuels), because this is the way oil consumption is defined. I also provide some thoughts regarding the direction of future world oil prices. Figure 1. US Liquid Fuels production by month based on EIA March 2016 Monthly Energy Review Reports. US oil production clearly flattened out in 2015. If we look at changes relative to the same month, one-year prior, we see that […]

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