SRSrocco: In the Face of Irrational Paper Markets, THE COMPLETE COST FOR MINING SILVER

April 2, 2013 By 37 Comments

In light of today’s paper futures smash sending silver towards $27 and several recent predictions by silver experts that silver’s long term price target is $20, we thought it apropos to re-post SRSrocco’s detailed analysis of the current COMPLETE COST FOR MINING SILVER, along with a NEW UPDATE from Steve.

By SD Contributor SRSrocco

Last year, I wrote an article titled THE COMPLETE COST OF MINING SILVER.  In it I used a quick formula to figure what a more true cost would be for an ounce of silver than the CASH COST.

This is an update of the complete cost for mining silver:
[Read more...]

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Jeffrey Christian: Gold Bull Market Died in 2011

March 28, 2013 By 23 Comments

gold bull overBy SD Contributor SRSrocco:

STRAIGHT FROM THE JACKASS’S MOUTH…

Jeffrey Christian today proudly proclaimed on Mineweb that the gold bull market died in 2011, and that he correctly made that call 2 years ago.

As all of you know, Jeff Christian is CPM Group. Funny that he says the Gold Bull Market Died in 2011.
Let’s bring back one of his wonderful forecasts for silver from Financial Sense Round Table back in 2011: [Read more...]

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USMint Sells Another 1 Million Silver Eagles, Set to Place 3rd Consecutive Monthly Sales Record!

March 26, 2013 By 63 Comments

US MINT SILVER EAGLES UPDATE 32613US Mint Update By SRSrocco:

The US Mint has just updated March Silver Eagle sales for the first time since 3/21. 

THURSDAY LAST WEEK = 2,438,000
TODAY = 3,356,500
March US Mint silver/gold sales ratio: 60/1!

In the wake of the Cyprus banking collapse, the US MINT HAS SOLD NEARLY 1 MILLION OUNCES OF SILVER IN 4 DAYS!! [Read more...]

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USMint Sells Nearly 3/4 Million Silver Eagles in 1 Day Post Cyprus Announcement!

March 19, 2013 By 23 Comments

2013 Mar US Eagle ChartBy SD Contributor SRSrocco

The USMint reported an astonishing 638,500 silver eagles sold Monday as the Cypriot wealth confiscation news over the weekend has resulted in a massive increase in physical gold and silver purchases throughout Europe and the US.

The massive one-day sales brings the March total to 2.35 million ounces, on pace to set a 3rd consecutive monthly sales record for silver eagles, and the 2013 sales totals to 13.216 million ounces! [Read more...]

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50% of All US Silver Eagles Sales Have Taken Place in Past 5 Years!

March 15, 2013 By 15 Comments

By SD Contributor SRSrocco:

As you can see from the chart below, 50% of all Silver Eagle sales have taken place in the past 5 years.  Since the inception of the American Eagle program, the overall ratio of gold to silver eagle sales has been 16/1.  However, in the past 5 years the ratio  has risen to 28/1!

Silver Eagle sales are showing the market where the REAL LEVERAGE is found. [Read more...]

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SEISMIC SHIFT: Middle East Shifting From Oil Exporters to NET IMPORTERS!

March 5, 2013 By 16 Comments

By SD Contributor SRSrocco:

When there was extreme volatility due to the huge inflation in the 1980′s, Middle East Oil Production fell off a cliff.  However, you will notice that during all the BIG DIPS in oil production, the Middle East Consumption of Oil (RED), did not MISS A LICK… did it?  Even though the rest of the world cut back on oil use, the Middle East did not.

Saudi Arabia is the 6th LARGEST OIL CONSUMER ON THE PLANET NOW!
All oil producers PEAK… just like Indonesia… who used to be a apart of OPEC.

THE FOLLOWING CHART SAYS IT ALL… [Read more...]

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SRSrocco: GOLD BACKWARDATION SINCE 2008 = FINANCIAL SYSTEM DIED

February 28, 2013 By 39 Comments

By SD Contributor SRSrocco:

Backwardation of gold and silver have been going on since 2008 — the year the financial system died.

Today, I watch as the majority of gold and silver bugs get PULLED down by the constant MOPE and misinformation by MSM.  The Financial System died in 2008.  The Big Banks are Zombies walking around getting increasingly weak every day.  This is a huge disaster… and most in the USA have no clue.

SIGNS ARE STARTING TO SHOW

The Great Global Supply Chain System is now starting to show signs of buckling.
The manipulation of the price of Gold & Silver as well as the miners is an attempt to keep this system based on credit and debt alive a little bit longer.  However, each attempt and manipulation has made the system even weaker.
I believe we are now BEYOND THE POINT OF NO RETURN.
 [Read more...]

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SRSrocco: GETTING SMART ABOUT THE GOLD & SILVER MINERS…

February 27, 2013 By 6 Comments

By SD Contributor SRSrocco:

I have seen a few comments stating that I don’t believe in the gold & silver miners.  This is not quite the truth.  I don’t believe in the OVERALL MINING INDUSTRY going forward… especially by the next 5-10 years.

However, certain miners will be great stores of wealth as the $trillions of investment dollars tries to find a home in REAL ASSETS and not the fake IOU’s that now total more than $85 trillion globally. [Read more...]

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THE FORCES THAT WILL PUSH SILVER OVER $100

February 21, 2013 By 92 Comments

*Editor note: With sentiment near all-time lows for the entire bull market, we thought it apropos to bring back SRSrocco’s viral, comprehensive FUNDAMENTAL ANALYSIS on the forces that will push silver over $100/oz. 
PLEASE CHECK YOUR EMOTIONS AT THE DOOR AND REVIEW THE FUNDAMENTALS!

By SRSrocco

There are tremendous forces at work that will push silver over $100 an ounce.
According to the  2012 World Silver Survey, total global silver investment demand has risen from only 31.6 million oz in 2002 to a staggering 282.2 million oz in 2011.  As world economic fiat based monetary system continues to deteriorate, investors are taking delivery of physical silver rather than holding on paper contracts that may not be backed by any metal whatsoever.

This has created a run on the LBMA… the largest metal exchange in the world.  Once the world ‘s liquid energy supply starts its inevitable decline from its current plateau, annual silver metal production will decline as well.  There will be no silver glut and there will be no silver available when the world’s fiat monetary system finally dries up and blows away.
Get ready.  The forces for pushing silver over $100 have just begun. [Read more...]

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SRSrocco: Gold & Silver Won’t Achieve Full Valuation Until the Up-Coming BLACK MARKET!

February 19, 2013 By 72 Comments

black marketBy SD Contributor SRSrocco:

I don’t even care about the paper moves in GOLD & SILVER.  There is nothing else to put ones “SURPLUS WEALTH” into other than physical gold and silver.   You just have to be smart and save your gold and silver for the up coming BLACK MARKET.  That is where its real value will be seen.
If you are buying gold and silver and do not have a paid for home in the country… you are doing so at a risk.  If you are buying gold and silver without a 1-2 years worth of food… you are doing so at a risk.

If you have those two fundamental requirements… there is nothing left to buy but gold & silver.  [Read more...]

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SRSrocco: Fundamentals Will Win in the End, but Algos Are Still Fully in Control of PM Markets

February 16, 2013 By 36 Comments

Submitted by SRSrocco:

All I can say is that the figures and stats out there now are completely worthless in what we are facing going forward..

First…. we keep hearing on all the BULLISH sites that there is a real tightness in the physical silver market.  On the other hand, we keep getting a build in the Comex Silver Inventories.  How can this be?  Remember back in 2011 when silver hit $50 and a few months after, the Comex inventories plunged to 99 million oz.  Today we are at 158 million oz.  Are these figures for real… or are they BS? [Read more...]

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SRSrocco’s Note to Paper Manipulators: THE FUNDAMENTALS ALWAYS WIN OUT IN THE END!

February 11, 2013 By 17 Comments

By SD Contributor SRSrocco:

What is taking place in the MINERS is just SINFUL.  The Gold & Silver miners are really the money creators of the world.  To see banks get away with the facade of creating money makes me sick.  It’s like stealing the MERITS of a fallen soldier who deserves the Purple Heart for instance.

The PENDULUM always swings back — even though we might not be patient enough to see it.

FUNDAMENTALS ALWAYS WIN OUT IN THE END…… ALWAYS.. [Read more...]

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SRSrocco: GOLD & SILVER = STORED TRADE-ABLE ENERGY

February 2, 2013 By 38 Comments

By SD Contributor SRSrocco:

GOLD & SILVER = MONEY

ENERGY = MONEY

GOLD & SILVER = STORED TRADE-ABLE ENERGY

Gold & silver will be some of the best stores of value going forward, because they are stores of trade-able energy.  Not only will gold and silver protect ones wealth from the ravages of monetary debasement… but also from the increased costs of energy as well as future shortages. [Read more...]

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N. Dakota Bakken Oil Boom Will End in a Bust, Just like ’49 Gold Rush

January 25, 2013 By 8 Comments

gold rushBy SD Contributor SRSrocco:

What is taking place in North Dakota is the same thing that took place during the 1848-50′s California Gold Rush.  And that is a Big Migration of people with very little in the form of housing and services.

ALL BOOMS behave the same way.  After the BOOM, comes the BUST.  The N.D. Bakken Boom won’t be any different. [Read more...]

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THE MINING INDUSTRY IS ALWAYS ONE STEP BEHIND….

January 24, 2013 By 3 Comments

By SD Contributor SRSrocco:

As I stated in the title… the Mining Industry is always one step behind.  Now that they are COMING CLEAN with CASH COSTS… they still haven’t mentioned the upcoming ENERGY CRISIS.

MUM’S THE WORD….

Of course we will hear about the negative implications of the future energy crisis as it impacts the mining industry…. AFTER, and I did say…A-F-T-E-R the ramifications are already felt. [Read more...]

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