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Global Gold Investment Demand To Overwhelm Supply

When the next market crash occurs, global gold investment demand will likely overwhelm supply. When this occurs, we could finally see the gold price surpass its previous high of $ 1,900. Now, this isn’t mere speculation, as we already have seen this taking place in the past. When the broader markets crashed to the lows in Q1 2009 and the 10% correction in Q1 in 2016, these periods were to two highest quarters of Gold ETF investment demand. I don’t really care on whether the physical gold is actually in the Gold ETF’s, rather I like to look at it […]

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World’s Largest Gold Producer Mine Supply Plummets

The world’s top gold producer saw its mine supply plummet by 10% in the first half of 2017. According to the GFMS World Gold Survey newest update, China’s gold production in 1H 2017 fell the most in over a decade. The fall in Chinese gold production is quite significant as the country will have to increase its imports to make up the shortfall in its mine supply. The data in the GFMS 2017 Q3 Gold Survey Update & Outlook reported that Chinese gold mine supply declined 23 metric tons to 207 metric tons in the 1H 2017 versus the 230 […]

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Trump’s Democrat Deal Hits Dollar; David Smith on Precious Metals Supply

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up David Smith of The Morgan Report and regular contributor to MoneyMetals.com joins me for another enlightening conversation. David tells us how much longer he thinks the upside move will last in the gold and silver markets and also weighs in on Bitcoin and the crypto-currencies. Make sure you stick around for my interview with David Smith, coming up after this week’s market update. As a massive storm bears down on Florida, concerns about political and financial storms emanating from Washington D.C. are helping drive precious metals markets higher. […]

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The Great Gold Supply Disconnect

The market has no clue that it has severely undervalued the price of gold. While Central bank intervention has worked hard at capping the gold price, the “Great Gold Supply Disconnect” will most certainly remedy that situation. This gold supply disconnect took place after the gold price peaked in 2011. That being said, the world is speeding recklessly towards an epic market catastrophe. No, this isn’t hype… I wish it was. But, unfortunately, the poor folks who continue to believe their STOCK, BOND & REAL ESTATE portfolios will provide them with a healthy retirement in the future, have no idea […]

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Global Silver Demand WAY Outstrips Supply

Estimates for 2016 are in and the data shows the first decline in silver mine output in 14 years. The Silver Institute’s World Silver Survey 2017 shows reduced production of the base metals lead and zinc are largely to blame, though silver production as a byproduct of gold mining also fell. The Institute estimates 70% of silver output is generated as a byproduct of mining for other metals. Primary silver producers actually managed a 1% increase. Supplies from scrap dwindled once again, despite the higher average silver price in 2016 vs. 2015. The total amount of scrap returned for refining […]

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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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Paper Markets Crack; U.S. Silver Supply In Jeopardy

The U.S. silver supply will likely be in jeopardy in the future when the highly inflated paper markets finally crack. This is not a matter of if, but WHEN. If we consider the top two precious metals and copper, silver has the highest net import reliance as a percentage of domestic consumption. According to the data put out by the USGS – U.S. Geological Survey, and the GFMS team at Thomson Reuters, the United States silver net import reliance as a percentage of total consumption, was 72%, versus 36% for copper and a negative 48% for gold: The USGS reported […]

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Keith Neumeyer: Precious Metals Manipulation; Supply Squeeze in Silver

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear from Keith Neumeyer, founder and CEO of First Majestic Silver and outspoken voice on the manipulation that’s occurring in the futures market for silver. Keith weighs on the Deutsche Bank market rigging case, gives us his outlook for the metals under a Trump presidency and explains how silver’s gains in the future may end making the recent advance in zinc look like child’s play. I can promise that you will NOT want to miss an incredible interview with Keith Neumeyer, coming up after this week’s market […]

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The Great Physical Gold Supply & Demand Illusion

BullionStar Gold supply and demand data published by all primary consultancy firms is incomplete and misleading. The data falsely presents gold to be more of a commodity than a currency, having caused deep misconceptions with respect to the metal’s trading characteristics and price formation. Numerous consultancy firms around the world, for example Thomson Reuters GFMS, Metals Focus, the World Gold Council and CPM Group, provide physical gold supply and demand statistics, accompanied by an analysis of these statistics in relation to the price of gold. As part of their analysis the firms present supply and demand balances that show how […]

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Why “supply and demand” doesn’t work for oil

The traditional understanding of supply and demand works in some limited cases–will a manufacturer make red dresses or blue dresses? The manufacturer’s choice doesn’t make much difference to the economic system as a whole, except perhaps in the amount of red and blue dye sold, so it is easy to accommodate. A gradual switch in consumer preferences from beef to chicken is also fairly easy to accommodate within the system, as more chicken producers are added and the number of beef producers is reduced. The transition is generally helped by the fact that it takes fewer resources to produce a […]

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