What Was The Primary Miners Break-Even Silver Price Q1 2014?

SRS8The top 12 primary silver miners sold an additional 5.8 million oz of silver this quarter compared to Q1 2013 for a net loss of $78 million in revenue ($550 million – $472 million = $78 million)… whereas by-product revenue increased $105 million.
This resulted in the estimated break-even price for the top 12 primary silver miners of $19.78 or $4.27 lower than the average for full year 2013.  [Read more...]

New Energy Report From I.E.A. Forecasts A Decline In North American Oil Supply

Peak Oil GraphWell, that Shale bubble, didn’t last long, did it?  [Read more...]

Top 4 Gold Miners Average Yield Declines… Even With High-Grading

Top 4 Gold Producers Ore Grading ChangeIn order to survive in a manipulated low-price environment, the gold producers resorted to “High-grading” some of their mines.  By high-grading, the mining companies target higher ore grades in their operations to produce more metal while lowering costs.
Unfortunately, this short-term band-aid comes at a cost.  When the mining companies choose to high-grade they are left with lower quality ore in the future that is more expensive to extract.
The top four gold miners overall production remained virtually flat while instituting their costly short-term solution of high-grading.  In utilizing high-grading, problems will only get worse in the future for these top gold mining companies.  Unless the price of gold rises considerably in the next few years, a lot of gold will remain in the ground… too expensive to extract. [Read more...]

Precious Metals Manipulation Isn’t Hidden, It’s Right In Front Of Your Eyes

Global Conventional Investment Assets Updated 2013 EstimateThere is no need in trying to prove precious metals manipulation, because it’s out in the open… right in front of your eyes.  However, this doesn’t stop the silly games being played by some of the well-known analysts in the precious metal community.
It is the siphoning of the majority of the worlds fiat currency-funds into the Derivative-Paper Market that is guilty of manipulating the values of gold and silver.  If a fraction of these funds moved into physical assets such as gold and silver, their values would rise to unimaginable levels.
The world will be forced to move into Gold and Silver one way or another.
My advice is… you better get some before it’s too late. [Read more...]

First Quarter Canadian Maple Leaf Sales Up A Hefty 24%

Canadian Maple Leaf Sales Q1 2014With the release of the Royal Canadian Mint’s first quarter 2014 report, sales of silver maples increased substantially compared to the same period last year.  While Silver Eagles sales in Q1 declined slightly year-over-year due to a backup at the U.S. Mint, the Royal Canadian Mint reported a 24% increase in Silver Maple sales.
The Gold (and Silver) price manipulation will end one day OUT OF THE BLUE.  There will be no warningAnd of course it will be too late to purchase gold or silver. [Read more...]

2013 FULL YEAR RESULTS: Top Primary Miners Real Cost To Produce Silver

silver mineDue to the Fed’s QE policy of propping up the stock and bond markets while monkey-hammering the precious metals, the top primary miners gave away their silver at a loss in 2013.  While some of the top 12 primary miners stated adjusted income gains for the year, all the companies suffered net income losses — a staggering $1.7 billion loss for the group.
Here is the FULL YEAR financial results for the top primary silver miners in 2013: [Read more...]

HOLDING ON TO GOLD IN A POST WESTERN-WORLD “The Ecstacy Of Gold”: PART 2

goldIn the daily build up of the expectations of the baffled and bemused precious metals investor -now constantly whiplashed tween hope and despair -…and wherein the final breakout is always just around the corner – according  to this GOFO reading, or that BACKWARDATION statistic… – resulting in the Ecstasy of Gold. 
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U.S. Exports 128 Metric Tons Of Gold Jan & Feb 2014… Supply Deficit Increases

U.S. Gold Exports Jan & Feb 2014As Russia, China and the other BRIC countries work towards a system that doesn’t include the TURD called the U.S. Dollar, Americans have less and less time to prepare for the GREATEST TRANSFER OF WEALTH…. in history.
Not only did the U.S. export 128 metric tons of gold in the first two months of the year, its supply deficit continues to increase. 
While gold exports to Hong Kong fell in February, Switzerland imported another 28 metric tons of gold during the month, more than twice the 12 metric tons it imported in January.
If we look at the chart below, we can see where the United States exported the majority of its gold.

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BARBAROUS RELIQUARY: HOLDING THE METALS IN A POST – WESTERN WORLD

Caption Contest 1A recent Chairman of that private corporation in control of the finances – perhaps even, the destiny – of the USA for the past 100 years, famously referred to the yellow metal as “a barbarous relic”.   Although this Ph’d prophet of policy-managed markets has hardly been a fount of wisdom in the course of his career… in this case he stumbled upon a truth.
Yes. Bernake got it right!  Gold has all the attributes of  a primitive thing – and as such belongs in essence to a different cycle in humankinds’ journey. In fact, it’s the very primitive nature of gold [& silver] which renders it a potentially deadly kryptonite to the modern financialized world.

[Read more...]

Top Official Coin Sales: Market Overwhelmingly Chooses Silver (By 102 to 1!)

Top 5 Official Silver Coin Sales 2013In 2013, the top 5 official silver coin sales topped 98 million oz.
The U.S. mint came in first place by selling 42.6 million Silver Eagles, while Canadian Maples came in second at 28.2 million oz followed by 14.5 million Philharmonics, 8 million (est) Silver Pandas and 5.3 million in Australian Kookaburra’s, Koala’s and Lunar Silver Snake sales.
Total of the top 5 official silver coin sales were 98.7 million.  Again, these figures represent their top-selling official coins.  This does not include other silver bullion coin and numismatic sales.
Thus, the market purchased 27 times more official silver coins than official gold coins in 2013.
With a high ratio of 27 to 1 set last year, 2014 may break that record in flying colors.  So far this year, the U.S. Mint has sold 19.8 million Silver Eagles compared to 193,000 oz of Gold eagles.  This is a 102 to 1 ratio.

[Read more...]

U.S. Mint Sells More Silver Eagles In A Week Than Gold Eagles Over Past Three Years

The U.S. Mint just updated their Silver Eagle sales figures for May, and it was a whopper.  Since the beginning of last week, the U.S. Mint sold 1.939,500 million Silver Eagles.  This is a big number.  Total for the month of May is already at 3,262,000 oz.
It took one week for the U.S. Mint to sell more Silver Eagles (1,939,500 oz) than all the Gold Eagles sold in 2012, 2013 and 2014 (1,808,000 oz).
Just think about that for a minute.  The market purchased more Silver Eagles in one week than all the Gold Eagles since January 2012. [Read more...]

Canadia Loses 2/3rds of Silver Production in Just 12 Years!

Canadian Silver Production Jan-Feb NEWCanadian silver production declined significantly in the first two months of 2014 compared to last year.  The huge drop off in production was due to the closure of two base metal mines and one primary silver mine in 2013.
Canada has lost two-thirds of its silver production in just twelve years.
While Canada isn’t a large global silver producer, it’s still a large percentage decline nonetheless.
As the Royal Canadian Mint continues to ramp up sales of its Silver Maples, the country will have to import more silver to make up for the shortfall in domestic production. [Read more...]

The One Silver Factor The Fiat Monetary Authorities Are Worried About

Official Coin Sales vs Total Silver Mine SupplyThere is one factor in the silver market that the Fiat Monetary Authorities and Banking Institutions are deeply concerned about. It has to do with controlling the public’s understanding of what is “Real Value” versus “Perceived Value.”
The reason the fiat monetary regime is worried about silver investment demand is that it could throw a monkey-wrench into their plan of controlling the price of silver.  If the price of silver gets out of hand, so does the ability to keep confidence in the U.S. Dollar and all the worthless paper assets that are tied to it — such as the U.S. Retirement Market.
While the Fed and its cohorts in the banking industry continue to print money as well as offer plenty of digital liquidity to give the illusion of solvency in the financial system, cracks are beginning to appear as more investors become reacquainted to the 2,000+ year history of silver money. [Read more...]

Canadian Silver Maple Leaf Sales Shatter All Records

Canadian Silver Maple Leaf Sales 2007-2013Not only did Canadian Maple Leaf sales shatter all records in 2013, their percentage gain was twice as much compared to Silver Eagles.  The Royal Canadian Mint just released their 2013 Annual Report and sales of their Silver Maples were the highest on record.
There’s a new Silver Sheriff in town, and it happens to be located north of the U.S. border. 

[Read more...]

CPM Group Misleads The Public About Silver Investment Demand

jeffrey christianThere’s a lot of shortsighted and incorrect silver analysis out there, so its imperative that you consider the information in this article. CPM Group just announced the release of their 2014 Silver Yearbook.  In their statement they implied that “Net Global Silver Investment” declined in 2013, while fabrication demand increased.
This sounds like a bearish statement for silver investors, but the reality is… silver investment demand actually INCREASED IN 2013, it did not decline.
CPM Group states that “Official Coin” sales were a record 136 million ounces in 2013.   How in the HELL, did investment demand FALL in 2013, if official coin sales increased 30-40 million oz??
It’s easy… you label the supposed surplus as SILVER INVESTMENT DEMAND… and poof.. you can show a declineLet me explain, I am gonna let you all in on a dirty little secret.

[Read more...]