Canadian drivers are getting extra spending power as fuel pump prices drop near $1 a litre for the first time in about four years even as lower oil threatens the fifth-largest crude-producing country’s economic recovery.
Authored by Simon Black via SovereignMan.com,
I serve on the Board of Directors of a large Singapore-based company that’s in the gold and silver business.
And, last night during our quarterly conference call, the management team gave me a lot of intriguing information.
Sales of physical gold and silver are collapsing across the entire industry.
The list of finalists in the running for “worst performing asset of the year” is topped by gold, silver and the companies that mine them.
No, 2013 was not kind to precious metals. Gold’s down more than 26%. Miners are off by more than 52%. It’s a bloodbath, to say the least…
However, not all precious metals have both feet in the gutter. In fact, there’s one metal we’ve been tracking that looks like it is setting up for a strong 2014.
We noted here that the plunge in the paper price of gold (and silver) had prompted considerable renewed demand for physical and now it seems the scramble among the "more stable investor base" is increasing.