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Silver’s Biggest Winning and Losing Streaks

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Silver's Biggest Winning and Losing Streaks

Silver’s Biggest Winning and Losing Streaks

With global markets getting off to one of their most volatile starts in history, precious metals have benefited tremendously.

Gold started 2016 on a torrid pace, as investors scrambled to buy physical gold as well as record-amounts of gold ETFs. A quick glance at the year’s best-performing commodities has gold at the top, beating almost everything (except lumber) in dollar terms so far.

Silver, which tends to closely follow gold, has been on a slightly less-skyward ascent.

The gold/silver ratio now sits at 80, which it hasn’t reached for an extended period of time since the early 1990s. This could mean that silver is undervalued, and silver has shown over time that it can jump up in price with sudden, strong movements.

Today’s infographic, which covers silver’s biggest win and loss streaks since 1970, really helps to show the magnitude of this volatility. In fact, silver has gone on 58 such runs where it jumped more than 10% in price in a mere matter of days – compare this to gold, which has only had 31 such streaks.

Silver’s Three Biggest Runs

Silver’s three biggest win streaks all tie into the Hunt Brothers’ cornering of the silver market.

+57.0% in 1974: Silver’s biggest winning streak happened in February 1974, around the time the Hunts began accumulating silver. They were worried about the effect of high inflation on their fortunes, and saw silver as a means to combat a potential loss of buying power.

+37.4% in 1979: As the Hunt Brothers became closer to cornering the market, there were four separate silver runs all over +30% that occurred within 12 months. This was the first one, happening in September 1979.

+55.2% in 1980: This was an eventful time for silver. First, there was Silver Thursday and the Hunts’ margin-call crash, in which the metal would subsequently plummet for its longest-ever losing streak of -57% over 23 days. Then, silver would bounce back in June with its second-biggest winning streak of all-time with a +55.2% stretch over 12 days.

While the most extreme silver price movements can be traced back to the Hunt era, it has still had many big movements in modern times. About 38% of silver’s biggest win streaks (and 40% of its notable losing streaks) have happened since 2000.

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Economy

Visualizing the Potential of Smart Mining

Smart mining technology is helping to enhance safety, increase production, and optimize resources by analyzing large swaths of real-time data.

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Visualizing the Potential of Smart Mining

View the full-size version of the infographic by clicking here

Mining has traditionally been depicted with pack mules, pickaxes, and rugged prospectors.

However, it may surprise you to learn that today’s mining industry is precisely the opposite in almost every respect. It’s high-tech, efficient, and safe.

This is partially because modern mining companies are deploying the latest in sensor and cloud technology. These connected mines are improving the extraction process and workers’ safety while also boosting productivity.

Today’s infographic comes to us from Natural Resources Canada and discusses how this sensor and cloud technology can be integrated into the extractive process.

What is Smart Mining?

A connected mine uses data from sensor technology to effectively manage underground and pit mining operations.

“Any mining operation today will have in the thousands or hundreds of thousands of sensors capturing in real time a vast swath of data.”

– Mukani Moyo, McKinsey Senior Expert (Source)

From a single application on a mobile device, supervisors at mine sites can now receive alerts via SMS, email or in-app notifications. This helps them react to critical problems in real-time and maximize productivity.

In addition, advanced data analytics can be applied to the raw data to create insights, visualizations, and recommendations. This information is delivered to mine managers and employees in real-time on their mobile devices.

Case Study: Smart Solutions in Practice

Dundee Precious Metals was one of the first companies to bring wireless networks into an underground mine. The company used RFID and Wi-Fi to monitor the location of equipment and people. The networks also allowed personnel to stay connected to the surface.

Once the networks were installed, communication was reliable and instantaneous – even almost 2,000 feet underground at the bottom of the mine. Workers could bring laptops and smartphones into the mine to stay connected to personnel and software on the surface.

With an RFID chip on every vehicle, machine, and person, managers can see the location of everyone and everything in the mine. This helps prevent accidents and breakdowns, and streamlines operations in real-time.

There are also environmental and cost-saving benefits. Using location data, an automated ventilation system can respond and minimize energy consumption.

Fans turn on and off as miners enter or leave an area. In addition, fan speeds adjust when machines or vehicles are running nearby to ensure that emissions are properly vented. This could drastically reduce a mine’s energy requirements.

Changing the Nature of Work: Remote Working

These smart mining solutions are reducing the risks miners face and creating new opportunities for a tech-savvy generation.

Remote mine locations that revolve around shift work can place stress on workers and their families. With a connected infrastructure, mine employees and managers can monitor operations at a distant office.

There will always be a need for workers on site, but connected technology can create some town-based career opportunities and help stabilize families.

A Sustainable Future for Mining

This is just the beginning.

Over time, data from sensor technology and cloud software, will reveal insights that could help develop sustainable mining operations.

By minimizing their negative impacts, mining companies will be able to responsibly deliver the materials the modern world needs.

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Base Metals

20 Common Metal Alloys and What They’re Made Of

You can’t find stainless steel, brass, sterling silver, or white gold on the periodic table. Learn about 20 common metal alloys, and what they are made from.

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Every day, you’re likely to encounter metals that cannot be found anywhere on the periodic table.

You may play a brass instrument while wearing a white gold necklace – or maybe you cook with a cast iron skillet and store your leftovers in a stainless steel refrigerator.

It’s likely that you know these common metal alloys by name, and you can probably even imagine what they look and feel like. But do you know what base metals these alloys are made of, exactly?

Common Metal Alloys

Today’s infographic comes to us from Alan’s Factory Outlet, and it breaks down metal and non-metal components that go into popular metal alloys.

In total, 20 alloys are highlighted, and they range from household names (i.e. bronze, sterling silver) to lesser-known metals that are crucial for industrial purposes (i.e. solder, gunmetal, magnox).

20 Common Metal Alloys and What They

Humans make metal alloys for various reasons.

Some alloys have long-standing historical significance. For example, electrum is a naturally-occurring alloy of gold and silver (with trace amounts of copper) that was used to make the very first metal coins in ancient history.

However, most of the common metal alloys on the above list are actually human inventions that are used to achieve practical purposes. Some were innovated by brilliant metallurgists, while others were discovered by fluke, but they’ve all had an ongoing impact on our species over time.

Alloys with an Impact

The Bronze Age (3,000 BC – 1,200 BC) is an important historical period that is rightfully named after one game-changing development: the ability to use bronze. This alloy, made from copper and tin, was extremely useful to our ancestors because it is much stronger and harder than its component metals.

Steel is another great example of an alloy that has changed the world. It is one of the most important and widely-used metals today. Without steel, modern civilization (skyscrapers, bridges, etc.) simply wouldn’t be possible.

While nobody knows exactly who invented steel, the alloy has a widely-known cousin that was likely invented in somewhat accidental circumstances.

In 1912, English metallurgist Harry Brearley had been tasked with finding a more erosion-resistant steel for a small arms manufacturer, trying many variations of alloys with none seeming to be suitable. However, in his scrap metal heap – where almost all of the metals he tried were rusting – there was one gun barrel that remained astonishingly untouched.

The metal alloy – now known to the world as stainless steel – was a step forward in creating a corrosion-resistant steel that is now used in many applications ranging from medical uses to heavy industry.

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