US Silver Reliant on Imports, But Demand Soars for Energy Future, Amid Monstrous Silver Deficit
Geopolitical and Systemic Risk Will Send Silver to New All-Time Highs
The Silver Academy was the First to Report the Silver Smoking Gun right under our noses the entire time.
by Pixy Livingston
Beginning after World War I, Industrialists, Central Bankers, Aerospace and Weapons manufacturers started drawing down massive volumes of silver to build bombs, shells, missiles, planes, tanks, submarines, rockets, torpedoes, nukes, and other weapon systems.
The strategic stockpile was located at West Point, New York.
Then, the US Government tried to obfuscate this information from the public through a systematic change in laws and the most confusing reshuffling, covering up a hoard of conflicting, overlapping, and confusing bureaucratic agencies. It's a true keystone cop comedy that turned into a dark tragedy.
The US Bureau of Mines was "coincidentally" abolished when the Department of Defense stopped reporting their year-over-year drawdowns and massive silver use.
The Silver use data formerly under the USBM watch was reassigned to what is called the United States Geological Survey ( USGS )
Then, USGS further obfuscated data, deriving a template of measly silver use categories we have all been following as if this silver use will be the big silver price discovery game changer.
These categories are minuscule compared to the monstrous military use.
This was to hide that all these weapons use 10 to 15 times more silver than the USGS industrial categories such as solar, EVs, photography, jewelry, bullion, electronics, and other almost insignificant categories that the USGS lists as the significant industrial users of silver.
This was an intentional and deceptive act for war profiteers (most of whom sit on bank boards) to gobble up as much silver as possible for their factory inputs.
Anyone who runs a production, manufacturing, or business understands that profit margins increase with lower-cost raw materials.
Not only did they raid ALL THE SILVER, but they began an escalating decade-long paper derivative trading scheme so silver would remain between 10 to 20X times under true discovery.
The magnitude at which they covered up USGS silver use to military use (10 to 20X) perfectly aligns with the magnitude of price suppression vs true silver price discovery.
If you want to see a similar playbook, look no further than what is going on with the Strategic Petroleum Reserves (except the #SilverCrisis coverup is much more egregious)
They are similar in how it is irresponsible, immoral, unwise, market interference, and price manipulation and are severely adverse for the villagers.
Why Tonopah Mining District?
On October 13th, 2023, Pickaxe (aka Pixy) received 11 requests from silver junior miners for endorsement. The best thing about this task is that we are beginning to educate stackers that mining equities (especially the right junior) is the way to buy silver at around .54 to $1.50 per ounce. Stay with me here as I explain what I mean by this price range.
A silver mine that is in current production now does so inside horrendous market conditions, meaning the AISC (all-in-sustaining cost) is very close to the silver spot price.
These major producers are under tremendous stress, and profit margins are miserable. In fact, just recently, we all heard talks that silver producers like First Majestic were not going to sell at current prices (but how do you pay your monthly bills becomes the paradox?)
With the right junior miner, you are investing and waiting for silver to reach price discovery. Meanwhile, your silver remains safe (think of it as an underground vault) and is priced in the .54 to $1.50 per ounce range. Then, we go with what is called smart money = patient money.
The macro picture brewing a set up for silver:
1. World Debt
2. Stock market issues
3. Bond market issues
4. Cracks in Fractional Reserve Banking
5. Geopolitical issues
6. More and More Demand for Silver
7. Less and Less Silver Available
8. The US's heavy reliance on imported silver (79% import-reliant) makes high-grade US silver mining more attractive than ever.
This is when silver moonshots. This is the leverage play because now your .54 to $1.50 per ounce could be 3x, 5x, 10x, or 20x. After all, stackers, analysts, and investors believe this is the spectacular setup for silver. Plus, your silver is safe in US jurisdiction, with miners satisfying the Pickaxe criteria listed below.
Pickaxe Projections using Key Performance Metrics
are assessed across six key categories
Macro Economics (e.g., market price of silver and gold)
Jurisdiction
Viability
Financials
Engineering/metallurgy
Geology
⛏️ Pixy Pick (top mining equity play Q4 2023, buy and hold)
⛏️ Pixy Projects (Tonopah Mining District. “Highest - Grade & Largest undeveloped Silver Project on Planet Earth”) - quote by BlackRock Silver CEO Andrew Pollard.
⛏️ Pixy Predicts ( Top 5 Leverage play. Based on ounces in the ground, high grade in prolific mining district and tier1 Jurisdiction, Nevada is OPEN FOR BUSINESS)
There is a solution to the silver crisis. The answer is domestic development of silver deposits located in the USA.
Since silver is the most critical metal and foreign imports will be minimized to nonexistent, the only solution is identifying and developing silver projects on US soil.
US investors will have to figure out three basic fundamentals.
Where are the top US silver deposits? High grade. Most ounces.
How are an elite few silver mining companies developing these deposits?
And of these companies, which one stands the best chance of bringing Silver to market?
Summa Silver
(TSXV: SSVR) (OTCQX: SSVRF) (FSE: 48X)
High Grade Silver in USA
Summa Silver provides exposure to 2 of the highest grade underdeveloped silver projects in the United States. With a healthy financial position, Summa is well positioned to advance both projects and to continue building high grade ounces as well as make new discoveries.
The Mogollon Project In SW New Mexico was the largest historic silver producer in New Mexico up until 1942. Production only stopped due to the wartime cessation of all gold and silver mining in the United States. With little to no modern exploration on the project, Summa CEO, Galen McNamara stated "The Mogollon district presents a very rare discovery opportunity, and for good reason. It is my strong belief that the district has the potential to be one of the great remaining vein fields still left in the United States". With this being said, Summa has done a tremendous job in their modern exploration making numerous high grade silver discoveries.
The Hughes Project in Tonopah Nevada is one of the most prolific past producing districts in the United States. Formerly owned by Howard Hughes, this project follows a similar theme as a past-producing district that also has seen little to no modern work. The Hughes Project represents a unique opportunity to both revitalize a historic district and make new discoveries in the shadows of the headframes of some of America's great historic silver producers.
Management's Exploration Success - Summa is led by a group of geologists and experienced executives that have all contributed significantly to making world class discoveries. CEO, Galen McNamara, was instrumental in the Arrow Discovery while at NexGen Energy. Senior Geologist, Chris Leslie, co-discovered the Blackwater Gold deposit in BC which has over 8 million ounces in the proven and probable category. Mike Konnert, Director, is the CEO of Vizsla Silver which has taken a very similar approach to Summa but in Mexico and has had tremendous sources.
Disclaimer / Disclosure
Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.
The Pickaxe & MineralWEALTH is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The Pickaxe & MineralWEALTH and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Little does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Pickaxe & MineralWEALTH will not be held liable or responsible for any decisions you make regarding any information discussed herein.