http://silverseek.com/commentaries/rss/1506 Goldseek Commentaries en More Trouble in Mexico: Second Largest Silver Mine Suspended Operations http://silverseek.com/commentary/more-trouble-mexico-second-largest-silver-mine-suspended-operations-17644 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> In just a little more than a week after the mighty Newmont-Goldcorp merger was finalized, the company suspended operations of its largest gold-silver mine in Mexico. The Penasquito Mine, which produced more than a 500,000 ounces of gold and 25 million ounces of silver in a single year, has been dealing with a blockade of its operations since March 27th. The blockade was started due to issues with the local community in regards to water supply concerns and problems with a trucking contractor. However, the protests by the local community over water rights have been going on ever since the Penasquito Mine started operations in 2010. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Wednesday, May 1st</span> </div> </div> </div> <p style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 17.008px; line-height: inherit; font-family: 'Droid Sans', sans-serif; vertical-align: baseline; color: #000000; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: i<p><a href="http://silverseek.com/commentary/more-trouble-mexico-second-largest-silver-mine-suspended-operations-17644" target="_blank">read more</a></p> Wed, 01 May 2019 14:52:52 +0000 SRSrocco 17644 at http://silverseek.com Silver Investment Demand Surged Higher Than Industry Forecast http://silverseek.com/commentary/silver-investment-demand-surged-higher-industry-forecast-17632 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> According to the recently released 2019 World Silver Survey, silver investment demand was significantly higher than analysts forecasted. How much higher? A lot, especially since the analysts stated that silver coin and bar purchases were expected to contract due to falling demand globally. However, when the data was finally collected, it turned out that physical silver investment was the leading growth sector in the silver market in 2018… by a large degree. And, we can thank super-strong Indian silver demand for pushing physical investment to double-digit growth instead of a substantial decline. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, April 18th</span> </div> </div> </div> <p style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 17.008px; line-height: inherit; font-family: 'Droid Sans', sans-serif; vertical-align: baseline; color: #000000; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: i<p><a href="http://silverseek.com/commentary/silver-investment-demand-surged-higher-industry-forecast-17632" target="_blank">read more</a></p> Thu, 18 Apr 2019 09:03:29 +0000 SRSrocco 17632 at http://silverseek.com The Staggering Amount Of Gold & Silver Investment Since The 2008 Financial Crisis http://silverseek.com/commentary/staggering-amount-gold-silver-investment-2008-financial-crisis-17612 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> While the demand for precious metals is certainly off its highs from prior years, investors would be quite surprised by the astonishing amount of physical gold and silver investment since the 2008 financial crisis. Only by comparing the gold and silver investment demand in the prior decade, can we truly understand how the precious metals market has changed, and probably forever. Now, before I get into the information, I wanted to say a few things about precious metals sentiment and the disillusionment, and at times, the outright disgust, by a percentage of former gold and silver investors. I am not going to name any names, but rather focus on the inability of these individuals to CONNECT THE DOTS in regards to the disintegrating Global Financial Ponzi Scheme. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, March 24th</span> </div> </div> </div> <p style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 17.008px; line-height: inherit; font-family: 'Droid Sans', sans-serif; vertical-align: baseline; color: #000000; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: i<p><a href="http://silverseek.com/commentary/staggering-amount-gold-silver-investment-2008-financial-crisis-17612" target="_blank">read more</a></p> Mon, 25 Mar 2019 02:18:49 +0000 SRSrocco 17612 at http://silverseek.com IT’S OFFICIAL; U.S. Silver Production The Lowest In More Than 70 Years http://silverseek.com/commentary/it%E2%80%99s-official-us-silver-production-lowest-more-70-years-17608 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> With the latest release by the USGS, silver production in the U.S. is now the lowest in more than 70 years. We have to go all the way back until the year after World War II ended to see U.S. silver production less than it was in 2018. While many reasons can be attributed to the decline, the main factors are falling ore grades and mine economics. Unfortunately, there just aren’t too many economic silver deposits in the United States, especially with the high level of environmental and governmental regulations. Instead of dealing with all the bureaucracy, companies are looking to Mexico and South America to open new silver projects. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, March 21st</span> </div> </div> </div> <p style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 17.008px; line-height: inherit; font-family: 'Droid Sans', sans-serif; vertical-align: baseline; color: #000000; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: i<p><a href="http://silverseek.com/commentary/it%E2%80%99s-official-us-silver-production-lowest-more-70-years-17608" target="_blank">read more</a></p> Thu, 21 Mar 2019 14:54:46 +0000 SRSrocco 17608 at http://silverseek.com Silver Eagle Sales Doubled in February: U.S. Mint Temporarily Suspends Authorized Purchases http://silverseek.com/commentary/silver-eagle-sales-doubled-february-us-mint-temporarily-suspends-authorized-purchases-175 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Sales of Silver Eagles continue to be strong as demand for the official coins surged in February. Moreover, as the Authorized purchases of Silver Eagles jumped by 775,000 oz this past Thursday, the U.S. Mint issued a temporary suspension of sales until inventories can be restocked. This is a very positive sign as total Silver Eagle sales last year fell to low of 15.7 million, down more than 50%, compared to the 37.7 million set in 2016. According to the U.S. Mint’s most recent update, Silver Eagle sales as of February 21st were 2,057,500 versus the 942,500 during the same month in 2018. Not only are Silver Eagle sales this month more than double last year, but they also surpassed Feb 2017’s figure by 842,000 oz.. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, February 25th</span> </div> </div> </div> <p style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 17.008px; line-height: inherit; font-family: 'Droid Sans', sans-serif; vertical-align: baseline; color: #000000; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: i<p><a href="http://silverseek.com/commentary/silver-eagle-sales-doubled-february-us-mint-temporarily-suspends-authorized-purchases-175" target="_blank">read more</a></p> Mon, 25 Feb 2019 13:19:29 +0000 SRSrocco 17587 at http://silverseek.com U.S. Mint Silver Eagle Sales Jump In January http://silverseek.com/commentary/us-mint-silver-eagle-sales-jump-january-17565 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> As the demand for precious metals shows some life once again, sales of the U.S. Mint Silver Eagles jumped in January. Not only have Gold, and Silver Eagle sales increased, so have the precious metals prices. In the past two months, gold and silver prices have gained 7% and 11% respectively. Today, gold reached $1,320, while silver topped $16. While January sales of Silver Eagles fell to a low last year at 3.2 million oz (Moz), down from 5.1 Moz in 2017, they picked up this month surpassing 4 Moz. According to the U.S. Mint’s most recent update, Silver Eagle sales totaled 4,017,500 versus 3,235,000 last year: </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, January 31st</span> </div> </div> </div> <p style="margin: 0px 0px 1.25rem; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 17.008px; line-height: inherit; font-family: 'Droid Sans', sans-serif; vertical-align: baseline; color: #000000; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: i<p><a href="http://silverseek.com/commentary/us-mint-silver-eagle-sales-jump-january-17565" target="_blank">read more</a></p> Thu, 31 Jan 2019 13:12:19 +0000 SRSrocco 17565 at http://silverseek.com THE SILVER PRICE and BROADER MARKETS: How Will They Trade This Week? http://silverseek.com/commentary/silver-price-and-broader-markets-how-will-they-trade-week-17559 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> The silver price trended lower last week after hitting a high of nearly $16 the prior week. So, what’s in store for silver and the broader markets this week? If we look at the moving averages and what is taking place in the broader markets, we may find some clues. It seems as if the silver price over the past two weeks has been moving in the opposite direction of the Dow Jones Index and the broader markets. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, January 21st</span> </div> </div> </div> <p><span style="color: #000000;">The silver price trended lower last week after hitting a high of nearly $16 the prior week.&nbsp; So, what’s in store for silver and the broader markets this week?&nbsp; If we look at the moving averages and what is taking place in the broader markets, we may find some clues.&nbsp; It seems as if the silver price over the past two weeks has been moving in the opposite&nbsp;direction of the Dow Jones Index and the broader markets.</span></p><p><a href="http://silverseek.com/commentary/silver-price-and-broader-markets-how-will-they-trade-week-17559" target="_blank">read more</a></p> Tue, 22 Jan 2019 04:01:42 +0000 SRSrocco 17559 at http://silverseek.com Global Silver Production May Decline More Than Analysts Forecasts http://silverseek.com/commentary/global-silver-production-may-decline-more-analysts-forecasts-17558 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Unfortunately, it is difficult to get data for China, the second largest silver producing country in the world, but I doubt its mine supply has increased more than the declines shown in this chart. According to the World Silver Interim Report, they forecast global silver production to increase by less than 1% in 2018 due to gains in Oceania, Asia, and Africa. They did note that silver production in North American would decline by 5.4 million oz (Moz). But, that 5.4 Moz decline must account for just the United States and Canada. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, January 21st</span> </div> </div> </div> <p>&nbsp;</p><p><span style="color: #000000;">The global mine supply from the top silver producing countries may decline more than the industry forecasts.&nbsp; The leading consultancies reported that global silver production would increase moderately&nbsp;by 1-2% in 2018.&nbsp; However, the data from several countries and large mining companies suggest that overall world silver production may decline by 2-3+%.</span></p><p><a href="http://silverseek.com/commentary/global-silver-production-may-decline-more-analysts-forecasts-17558" target="_blank">read more</a></p> Mon, 21 Jan 2019 15:25:20 +0000 SRSrocco 17558 at http://silverseek.com INVESTMENT DEMAND: Still The Largest Growth Sector In The Silver Market http://silverseek.com/commentary/investment-demand-still-largest-growth-sector-silver-market-17498 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Even though interest in precious metals has fallen over the past few years, investment demand is still the largest growth sector in the silver market. Yes, it may be hard to believe, but physical silver investment has grown the most since the 2008 financial crisis compared to the other sectors. And while industrial users consume the highest amount of silver in the overall market annually, its total demand has fallen over the past decade. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Wednesday, November 28th</span> </div> </div> </div> <p><span style="color: #000000;">Even though interest in precious metals has fallen over the past few years, investment demand is still the largest growth sector in the silver market.&nbsp; Yes, it may be hard to believe, but physical silver investment has grown the most since the 2008 financial crisis compared to the other sectors.&nbsp; And while industrial users consume the highest amount of silver in the overall market annually, its total demand has fallen over the past decade.</span></p><p><a href="http://silverseek.com/commentary/investment-demand-still-largest-growth-sector-silver-market-17498" target="_blank">read more</a></p> Thu, 29 Nov 2018 03:32:31 +0000 SRSrocco 17498 at http://silverseek.com U.S. Mint Silver Eagle Sales Spike By Another 1 Million At End Of September http://silverseek.com/commentary/us-mint-silver-eagle-sales-spike-another-1-million-end-september-17432 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Demand for the U.S. Mint Silver Eagles spiked again at the end of the September pushing sales nearly to three million. In a little more than a week, Silver Eagle sales jumped from 1.9 million to 2.9 million, nearly doubling from the previous month. Sales of Silver Eagles in August were only 1.5 million versus 2.9 million in September. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, October 2nd</span> </div> </div> </div> <p><span style="color: #000000;">Demand for the U.S. Mint Silver Eagles spiked again at the end of the September pushing sales nearly to three million.&nbsp; In a little more than a week, Silver Eagle sales jumped from 1.9 million to 2.9 million, nearly doubling from the previous month.&nbsp; Sales of Silver Eagles in August were only 1.5 million versus 2.9 million in September.</span></p><p><a href="http://silverseek.com/commentary/us-mint-silver-eagle-sales-spike-another-1-million-end-september-17432" target="_blank">read more</a></p> Tue, 02 Oct 2018 13:27:55 +0000 SRSrocco 17432 at http://silverseek.com