Filed in Energy, Mining, Precious Metals by SRSrocco on July 8, 2016

The top two gold miners burned a record amount of fuel to produce gold in 2015.  Even though Barrick and Newmont burned less overall fuel than their operations did in 2013, their consumption per ounce of gold produced was the highest ever. 

This is not good news for the gold mining industry as the world has peaked in cheap oil production.  While total global liquid energy production continues to be at record levels, the high-value cheap light sweet crude oil peaked several years ago.  Furthermore, we are now witnessing the rapid decline of U.S. oil production as many of the shale oil fields go into terminal decline. 

Regardless, the mining companies will finally reach a point where they will not be able to access the liquid energy they need to grow their gold production.  Ironically, this will likely come at a time when the global financial system disintegrates, thus pushing the gold price up to much higher levels.

 Filed in Interviews, Precious Metals, Videos by SRSrocco on July 6, 2016

This is a very important precious metals update by Tom Cloud.  Tom discusses the huge lines of people, two to three blocks long in Hong Kong this past weekend, waiting to buy gold and silver.  He also discusses what is happening in his business as individuals are buying multi-million Dollar orders.  He hasn’t seen this sort of large buying activity for years.

NATO Has a Very Peculiar Way of Showing It Doesn't Want New Cold War

On first day of NATO summit, critics condemn "new and dangerous plan" to provoke Russia with heightened military presence on its borders

On the first day of this weekend's NATO summit in Warsaw, Poland, NATO chief Jens Stoltenberg assured the public, "We don't want a new Cold War. The Cold War is history and should remain history." 

Yet Stoltenberg seemed to simultaneously defy that claim when he also announced that NATO's "response force" is now three times larger than it was during the Cold War—further stoking fears that NATO's recent saber-rattling may herald a new major war with Russia.

"This is not to say that Moscow is guiltless regarding the troubled environment along the eastern front, but surely Vladimir Putin has reason to claim that the NATO initiatives pose a substantially heightened threat to Russian security and so justify a corresponding Russian buildup. Any such moves will, of course, invite yet additional NATO deployments, followed by complementary Russian moves, and so on—until we’re right back in a Cold War–like situation," Klare noted.

Some speculate that the true motivating force behind NATO's escalation against Russia may be U.S. interests, as the country seeks to bolster its status as the world's sole superpower: "Under the euphemism of 'containment,' the U.S. is relentlessly advancing its new Cold War on Russia and China," writes John V. Walsh in Consortium News. "Its instrument in the West is NATO and in the East, Japan and whatever other worthies can be sharked up." 

"The goal of the U.S. foreign policy elite would clearly be for Russia and China to 'lose,' but even if they 'won,' they would be brought low," Walsh continues, "leaving the U.S. as the world's greatest economic and military power as it was in 1945."

DYI Comments:  Higher gold prices are on the horizon as the cold war gets fired back up.  The military industrial complex will be using up massive amounts of natural resources along with increased deficit spending.  This will get the engine of inflation going in a few years as deflationary forces play themselves out in the interim.

DYI