Commodity News

The world gets silver from silver mines, and what governments and people sell. In 2008, supply crossed 28,500 tonnes. Silver mines accelerate production when prices are attractive. People and governments too sell their family silver when prices are attractive. When prices plummeted after the financial crisis last year, scrap sales plummeted too. But the world also gets a huge quantity of silver as a by-product of lead, zinc, copper and gold mines.

While US consumer demand for almonds grew four per cent, Blue Diamond’s North American snack sales increased 23 per cent versus the prior year. Almond Breeze sales jumped 43 per cent and Nut thins rocketed by 24 per cent to outstrip sales growth in their respective product categories. Blue Diamond’s consumer branded sales have grown 600 per cent in the last seven years.

Many pundits point to the recent surge in gold prices as a temporary phenomenon and that once the U.S. economy gets back to growth mode, gold prices will retreat. But what if this takes longer than we think? What will this do to our dollar and gold prices?