The Global Contagion Impacted Silver Production The Most

The Global Contagion Impacted Silver Production The Most

According to a new report released by GlobalData, the global contagion impacted silver production the most while gold mine supply fared the best.  The two largest silver producing countries, Mexico and Peru, have issued temporary shutdowns lasting nearly two months.
May 11, 2020 0 Comments
Gold to Reach $3,000—50% Above Its Record, Bank of America Says

Gold to Reach $3,000—50% Above Its Record, Bank of America Says

The bank said in a report last week that gold ’s technical momentum could drive prices to an all-time high this year; in a new report published Tuesday, analysts have officially increased their bullish outlook, saying that gold prices could hit $3,000 within 18 months, a 50% increase from its previous forecast.

April 23, 2020 0 Comments
GLOBAL SILVER SUPPLY COLLAPSE ON ITS WAY: Mexico mining suspension to hit silver supply

GLOBAL SILVER SUPPLY COLLAPSE ON ITS WAY: Mexico mining suspension to hit silver supply

Due to Mexico’s Ministry of Health issuing an Executive Order for the immediate suspension of non-essential activities until April 30th, the mining industry in the country has now come to an abrupt halt.  The mining industry was hoping for an exemption to the Executive Order, but was not granted one.  So, companies are now suspending production and putting...
April 17, 2020 0 Comments
As IMF warns of 'crisis like no other', gold is working its way to new record highs

As IMF warns of 'crisis like no other', gold is working its way to new record highs

(Kitco News) The world is in for the worst financial crisis since the Great Depression of the 1930s as the global economy grapples with the "great lockdown," according to the latest from the International Monetary Fund (IMF).
April 14, 2020 0 Comments

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