Infographic – mining market intelligence June 2013

US commodity markets continued their meteoric trajectory this June, while Canadian markets continued to struggle after a broad based sell off. Within mining markets the biggest question on the lips of investors is do low demands and high turnaround costs spell trouble for silver?


US markets continue the rise seen over previous months, hitting all time highs. At the same time however, Canadian markets dipped low, struggling after a broad based sell off in commodities.

US markets


Good news for investors

Consecutive drops in the SPX were witnessed for the first time since November 2012. The NYSE McLellan Oscillator showed signs of a short term bottom and low volume selling became good news for investors.

drops in SPX


Worrying times for silver?

Silver has been considered a precious metal for thousands of years; demand at the moment however is low. High costs plus challenging economic environments in some of the biggest consumers have created a low-spell in silver's illustrious history.

bad news for silver


Reduced industrial production means fewer options

Poor macroeconomic conditions around the world have created a fall in industrial production, and lower production has resulted in less need for silver. Not many options exist over the short term. Companies can either wait for improvement, increase reserves or hedge by shorting future contracts.

silver


US unemployment rates

A lower than expected US unemployment rate is still having a positive impact, riding the wave from May 2013.

US unemployment rate


Weak commodity prices

Commodity prices were weak across the board in May. Gold stood at $1,413.50, while whole silver reached $23.01.

commodity prices june 2013

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