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Silver Prices Way below the Cost of Production

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by Andy Hoffman, MilesFranklin.com:

In the tiny “shadow world” of Precious Metals commentary, it’s incredibly rare to find high quality financial analysis – in the Wall Street style I personally spent two decades honing.  Last year, I came across the great Steve St. Angelo of SRS Rocco Report; who continues to do the best work on Precious Metal mining costs of ANYONE I have read.  And given I have seen essentially everything over my “TEN YEARS OF HEAVEN AND HELL” in the PM sector (now eleven), I do mean anyone.

On Friday, “MEXICAN SILVER – PRODUCTION COLLAPSE!” was based on Steve’s fantastic work; while yesterday, I followed through with this theme in “JUNIOR MINING – AND FUTURE PRODUCTION – DEATH.”  Given how incredibly important this topic is – yielding nearly irrefutable evidence that an “HISTORIC BOTTOM” was reached in late June – I am publishing a third straight RANT on this topic.  And wouldn’t you know I’m again utilizing Steve’s fine work to illustrate my point.

Read more @ MilesFranklin.com


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