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
FIRST STAGE OF OIL DEMAND DESTRUCTION: U.S. Supply Of Petroleum Products Down 7 Million Barrels Per day

FIRST STAGE OF OIL DEMAND DESTRUCTION: U.S. Supply Of Petroleum Products Down 7 Million Barrels Per day

The U.S. is only in the FIRST STAGE of the country’s oil demand destruction.  Since the nationwide shutdown announced by the U.S. Government in mid-March, domestic oil demand has fallen more than 7 million barrels per day.  In just the past three weeks, the total U.S. petroleum products supplied to the market fell by 33%.
April 13, 2020 0 Comments
PERU EXTENDS LOCK-DOWN ALONG WITH MEXICO: An Estimated 40% Of Global Silver Mine Supply Now Offline

PERU EXTENDS LOCK-DOWN ALONG WITH MEXICO: An Estimated 40% Of Global Silver Mine Supply Now Offline

Now that the Peruvian Government announced an extension of the country’s state of emergency until April 26th, the world’s first and second-largest silver producers have taken 40% of global silver mine supply offline for a month.  Peru first announced its national quarantine on March 15th.  So, the country’s mines will be shut down for more than a...
April 10, 2020 0 Comments

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