De Beers, the world's largest diamond producer by value, revealed today that it made about three times as many sales of roughs in the seventh sales cycle of the year as it did in the previous event.The Anglo American unit, which sells diamonds to a handpicked group of about 80 buyers ten times a year at events called sights, sold US$320 million worth of rough diamonds in the seventh cycle. That co...Read More
BMO Capital Markets forecasts gold prices will rise by 8-16% during the 2021-2024 period, and average above US$1,800 per oz. through 2023, it announced in a research note today.Average silver prices will increase to US$27.60 per oz. in 2021, up 49% from its previous estimate.The bank hasn't changed its long-run price expectations, however, and maintains its price targets of US$1,400 per oz. gold a...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) CEO Jean-S?(C)bastien Jacques will step down by the end of March next year over a mounting backlash against the company's decision to destroy ancient Aboriginal heritage sites in Western Australia.The world's second-largest miner said two other senior executives - iron ore boss Chris Salisbury and corporate affairs head Simone Niven, who had responsibility for Indig...Read More
Mag Silver (TSX: MAG; NYSE-AM: MAG) has signed an option agreement to acquire 100% of the Deer Trail project in Utah, a carbonate replacement deposit (CBD) that was intermittently mined for high-grade silver, gold, lead, zinc and copper sulphides until 1985, when the mine closed.The 56-sq.-km project encompasses the historic Deer Trail mine and the adjoining Alunite Ridge area, 2-6 km to the west,...Read More
Moneta Porcupine Mines (TSX: ME) has released a positive preliminary economic assessment (PEA) for the South West deposit at its Golden Highway project, near Timmins, Ontario.The study outlines a 1,750-tonne-per-day underground mine that would produce an average of 76,000 oz. gold per year over a mine life of 11 years at all-in sustaining costs (AISCs) of US$747 per ounce. Mining would be via ramp...Read More
FPX Nickel (TSXV: FPX) has released the results of a preliminary economic assessment (PEA) on the Baptiste nickel project in the company's Decar nickel district, in B.C., which, according to Martin Turenne, the company's president and CEO, "establishes Baptiste as a premier large-scale nickel project."The study suggests a 35-year, 120,000-tonne-per-day open-pit operation, with an onsite magnetic s...Read More
Sep 10, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - What do the founders and...Read full newsRead More
"Where are you going to find experienced lithium miners? That's like finding unicorns," laughs James Brown, the managing director of Western Australian resources firm Altura Mining. Brown is the next best thing. Hailing from a family five generations deep in coal mining, the burly Queenslander never imagined he'd be applying his expertise to digging out a key building block of a low-carbon economy...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
Time Stamp References:0:51 - Repo market failure and coverup.2:35 - Credit markets and liabilities.5:20 - Requirements to revalue gold in USD.6:10 - US gold reservers and audits.7:15 - China and it's fiat history.8:30 - Dollar is the mirror image of gold.10:35 - Comex and delivery demand.11:45 - Whats pushing silver higher.12:50 - Comex failure in progress.13:30 - What a monetary reset could look...Read More
Months ago we detailed an incredibly scary and Orwellian tool in the local police arsenal known as a "geofence warrant". As describedContinue...Read More
"There's no way to hack logic."Read More
It's not time to buy yet, but be patient and wait for the correction to run its course. It will be time to buy soon enough. Continue...Read More
It looks like the stock markets and metals are about to enter a price consolidation. A price consolidation is when after a trendy move by market, prices come to a flat period where prices don't move much at all on either side. As I say in this perspective, this may be the top. David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that...Read More
When the history books are written about 2020 and the great coronavirus pandemic, Anders Tegnell, the humble Swedish state epidemiologist and architect of the global-consensus-defying Continue...Read More
Chinese pharmaceutical companies administer newly developed inoculations outside of clinical trials, despite dangersContinue...Read More
"These young people are suffering because they are trying to launch their lives and find out who they really are, but it's a trying time to do that."Continue...Read More
"The independent review process has concluded and following the recommendations of both the independent safety review committee and the U.K. regulator, the MHRA, the trials will recommence in the U.K.," Continue...Read More
Maurice Jackson of Proven and Probable talks with Andy Schectman of Miles Franklin Precious Metals Investments about macroeconomic policy and its effect on precious metals prices.Maurice Jackson: Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Let's begin today's discussion with gold, which has recently surpassed its all-time high since...Read More