1. Thurs am and USD regains some lost ground, now over 101
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  2. Good Thur Morning! To start we have Gold down 9 to 1202, while Silver is down 31 to 1695. We have Crude up on supply info after a big downswing, +31 to 5221. The USD is back above 101 at 101.12.
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  3. Week of 1/7/2017 Closing prices & Chg Over Last Wk---- Gold $1173.40-- UP 21.70 Silver $16.52-- UP 54 Oil $53.99 -- UP 27 TICS USD $102.21 -- DOWN 7 Based on near term futures contract--- At JMB Current price AGE 2017 $1243.95 (1), SAE $19.53 (20)
  4. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

Miners are Running Out of Gold- BBG

Discussion in 'Gold Silver (All things Metal)' started by Scorpio, Dec 27, 2016.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Miners are Running Out of Gold- BBG


    [​IMG]


    by Soren K.
    23/12/2016 9:25 AM

    Gold Miners Are Running Out of Metal: Five Charts Explaining Why
    Gold may have a volatile year and ended on a disappointing note. But dwindling supply, shrinking finances to get at what's left, and a potential "Peak Gold" event are raising eyebrows in the mining industry. - Soren K.

    Mined Gold down 85% from 2006
    [​IMG]



    Miner's Don't Have Capital to Spend on Projects
    [​IMG]





    Reserves are Down 40% Since 2011
    [​IMG]



    New Supply Will top out in 2019
    [​IMG]



    Industry Consolidation Means Shrinking Production
    [​IMG]

    Source

    https://www.marketslant.com/articles/miners-are-running-out-gold-bbg
     
  2. platinumdude

    platinumdude Gold Member Gold Chaser

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    Didn't you hear? They are going to start mining the asteroids and moon for gold and platinum. Plenty up there for the taking for centuries.
     
  3. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    this happens every cycle,

    the sector gets hammered, then cash dries up, and reserves dwindle.
    those charts are just reflecting this fact is all,

    the positive is................ 'the cure for low prices is low prices'
     
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  4. ttazzman

    ttazzman Gold Member Gold Chaser Site Supporter

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    you would think ocean mining would be the next step.........when prices get where they need to be
     
  5. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    We all know how cheap that will be...........
     
  6. Professur

    Professur Gold Member Gold Chaser Site Supporter

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    I think they used Hoffman as a consultant for this
     
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