Gold Production

I first became interested in gold, back in the 1970's, when I was in college. In 1970, South Africa held the title of the world's largest gold producer, producing 900 metric tonnes of gold, i.e. roughly 2/3rds of the world's gold, and Russia was a … [Read more...]

Bloodbath in the Oil Patch

On September 10th the U.S. Energy Information Administration ( EIA) reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD. That is a staggeringly enormous number, approximately 10 percent of the estimated global … [Read more...]

More “Funny” Data from the Government

We've been saying for quite some time that we have serious doubts about the numbers coming out of government agencies like the Bureau of Labor Statistics (BLS).  The BLS generates both the generally accepted Inflation Rate and the Unemployment and … [Read more...]