This is staggering: anxiety, depression surges as more people can’t pay their bills, plus silver and what you really have to pay to buy gold.

This Is Staggering
March 1 (King World News)
Adam Tooze, Director of European Institute:
 If taken at face value this is staggering. In December 2020 40% of US adults self reported symptoms consistent with depressive or anxiety disorder! Up from 11% in Jan-June 2019. I guess 2020 really was a bad year!

More People Can’t Pay Their Bills
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab: 
60-day delinquency rates starting to tick up … autos rising a bit faster than other categories, while mortgages not seeing as much stress (see charts below).

60-Day Delinquencies Rising For Auto Loans,
Credit Cards, Mortgages, Unsecured Loans

Billionaire Eric Sprott Buying
To find out which company billionaire Eric Sprott just bought a 12% stake in click here.

James Turk: 
The silver uptrend is intact. Friday’s downdraft broke the 1st trendline (closing prices) and then tested support at last week’s low. It held. Oversold, silver then bounced. Comex closed at $26.44 but silver rallied further to end trading at $26.70 and ready to reclaim $27 this week (see chart below).

Silver Oversold And Ready To Bounce?

Bear Market In Stocks Will Be Brutal
Jeroen Blokland: 
Days when the NASDAQ falls 2%, while the Dow Jones is up are rare and mostly occurred during one specific period – the build up and bursting of the internet bubble.

Prelude To A Massive Stock Market Collapse

Do Not Trust Paper Gold Prices!
Simon Mikhailovich: 
The former lives in the screen; the latter is what you pay for actual gold.

Quoted right now:
Futures: $1,726/oz

What you actually pay to buy gold:
1 kg bars: $1,810/oz
1 oz bars: $1,847/oz
Gold eagles: $1,922/oz

Also of importance…

The World’s Most Highly Anticipated New Silver Situation, Zacatecas Silver Launches Publicly on the TSX Venture Exchange with the Symbol ZAC

Zacatecas Silver starts trading today on the TSX Venture with the symbol ZAC. The company is unique as it had very strong funding as a private company, including from world-famous silver investor Eric Sprott, and there was no financing required concurrent with this go-public move. This bodes potentially extremely well for early buyers in the public market as the share structure has been kept very tight.

Top Tier Team
While Eric Sprott as an investor will put this new silver situation on the radar screen of many, the top tier management team behind Zacatecas Silver also carries some weight among serious silver investors. Some of these names are very familiar within the mining industry including CEO Bryan Slusarchuk, who is the co-founder and former President of K92 Mining, COO Dr. Chris Wilson who is a very successful geologist formerly with mining behemoth Ivanhoe Mines, Director John Lewins, the CEO of K92 who has turned K92 into one of the fastest growing gold companies on the planet, and Chairman James Hutton who was CEO of Canada Dominion Resources and President of CMP Resources Group that jointly completed in excess of $1.4 Billion in financings for the Canadian resource industry.

The Project that Brought Them all Together
To get this storied group of mine builders and exploration professionals together along with backing from Eric Sprott takes an amazing project and that is exactly what Zacatecas Silver has put together. As has been a hallmark of this group, the assets were acquired when silver was out of favor.

Resource Confirmation, Resource Expansion and Exploration Provides a Trifecta of Opportunity
Zacatecas Silver has a significant historic inferred silver resource in a world class silver mining region which is open along strike and at depth, with work starting immediately to target resource confirmation and expansion at the Panuco Silver Deposit. In addition, the company has excellent regional exploration potential including El Cristo, the northwest extension of the well-known Veta Grande Vein that has now been traced on the Zacatecas Silver properties for 3km at surface but has had very limited previous exploration.

The Zacatecas Silver property is located in Zacatecas State, Mexico, within the highly prospective Fresnillo Silver Belt, which has produced over 6.2 billion ounces of silver. The company holds a huge 19,338 acres of ground that is 25 km south-east of MAG Silver Corp.’s Juanicipio Mine and Fresnillo PLC’s Fresnillo Mine. The property shares common boundaries with Pan American Silver Corp. claims and El Orito which is owned by Endeavour Silver.

Zacatecas Silver’s Panuco deposit is located in the north of the concessions is the most advanced prospect. It has an historic inferred mineral resource of 19,472,901 ounces Ag Eq. (cut-off 100 g/t Ag Eq.) from 3,954,729 tonnes at 153.2 g/t Ag Eq (136 g/t Ag, 0.14 g/t Au, 0.012% Pb, 0.11% Zn). Mineralization at the Panuco remains open along strike and down dip.

Slusarchuk notes:

“We have been blessed to have some great exploration success around the world over the past several years. To acquire these silver assets when silver was disliked by most companies and now to launch publicly right when silver seems on the cusp of a breakout higher is great timing. We feel fortunate to have this silver land position and equally blessed to have attracted such great financial backing by such serious world class silver investors.”

To listen to a powerful and timely interview with E.B. Tucker about the fierce trading action in the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.

Alasdair Macleod discusses why the gold and silver markets are very close to a major bottom CLICK HERE OR ON THE IMAGE BELOW TO LISTEN.

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