2016 US Geological Survey on Minerals

The new numbers for the US Geological survey came out last week on silver and gold.
Manuscript approved for publication January 28, 2016.

Click to access mcs2016.pdf

Production may have decreased just a tad, yet consumption is up significantly. If 25% of silver is derived from copper mines, then supply of silver certainly seems to be a concern given the potential copper mine shutdowns.    Note the consumption v/s price figures on silver in relation to 2014.    If this doesn’t exhibit a misalignment of the silver price from a big picture view, then I don’t know what does.


Click to access mcs-2016-silve.pdf


Click to access mcs-2016-gold.pdf

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s