Summit News, Released on 8/8/22The head of the preeminent scientific journal The Lancet's COVID-19 origins Commission is 'convinced' that the virus came out of a lab and says that a real investigation is being blocked.Continue... Head Of The Lancet's COVID-19 Investigation Is 'Convinced' It Came Out Of A Lab And That A Real Investigation Is Being Blocked added by Herman James on 08/08/2022View all...Read More
Money Metals, Released on 8/8/22Ultimately, demand for physical bullion - not paper proxies - is the path to ultimately terminating price manipulation.Continue... The End Game for Silver Shenanigans... added by Herman James on 08/08/2022View all posts by Herman James ?+'Read More
Bloomberg (via Yahoo Finance), Released on 8/8/22"I don't think this inflation is going away in a hurry," Chief ExecutiveContinue... Barrick Gold CEO Tells Mines to Brace for More Inflation added by Herman James on 08/08/2022View all posts by Herman James ?+'Read More
Expert Adrian Day reviews recent quarterlies and other developments at some more of his favorite gold and silver companies.Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) reported a very strong quarter, its first full quarter with Kirkland assets. Production rose above estimates while operating costs were down (with cash costs at $726/oz and all-in sustaining costs at $1,026), largely due to increased...Read More
This junior explorer is analyzing samples, conducting fieldwork and geophysical surveys, and mapping its British Columbia site with drones. But it can't wait to drill and find out what's underneath.Junior explorer Fabled Copper Corp. (FABL:CSE) may be still waiting for permits to start its drilling campaign at its Muskwa copper project in British Columbia, but the company is not sitting on its han...Read More
The federal criminal trial of JP Morgan executives Michael Nowak, Gregg Smith, and Jeffrey Ruffo began on July 8th.These senior bankers are accused of running a years-long scheme to manipulateprecious metals prices through what is known as “spoofing.”Perhaps the three will be found guilty, butit isn’t likely to have much impact on trading in the papersilver markets. If there is s...Read More
The US economy fell into a technical recession. As a safe-haven asset, will gold soar now?What Is Recession, Anyway?Ladies and gentlemen, please welcome the technical recession! According to the initial measure of the Bureau of Economic Analysis, real GDP dropped 0.9% in the second quarter, following a 1.6% decline in the first quarter (annualized quarterly rates). As the chart below shows, on a q...Read More
Bad breaks can be tough to recover from. The process can be arduous and can take a long time. Sometimes a full recovery remains elusive and distant.Silver has a history of bad breaks over the past half-century. Below is a series of charts that tell the story… CHART NO. 1Silver Prices – 2 Year Historical ChartAn extended, downward slide has taken the silver price down by thirty p...Read More
Despite gold’s latest move higher, itsoutlook remains bearish. If its 2012-2013 pattern is to repeat, it means goldis now preparing for a big fall.PatienceAdvisedGold moved higher on Friday, so you might be wondering if this changed anythingregarding theoutlook. In short, it didn’t.Let’s take a closer look at whathappened. Gold futures moved higher by over $12,and this meant that...Read More
This suggests "a burgeoning slowdown in economic activity"It may seem strange to bring up deflation when surveys show that inflation is the public's number one worry.But who would have thought that inflation would become a big issue, say, just two years ago?Right -- a relatively small percentage of people. The point is: Things can unexpectedly change -- fast. Consider the price of commodities: Th...Read More
The gold miners’ stockshave been thrashed in recent months, crushed as heavy futures selling slammedgold. That obliterated any residual sectorbullishness, leaving gold stocks wildly-oversold and deeply-out-of-favor. But having weathered a rough early summer,the battered miners and their metal are trudging back into their traditionalstrong season. That begins with robustautu...Read More
If they don't give us the next big thing right out of the gate, there's always the old standby come Wednesday...(by Half Dollar) It feels like they're just throwing everything against the wall and seeing what sticks.Doesn't it?For example, we've had a few geo-political splatterings here and there, but obviously nobody is really buying the whole "here comes war with _______ (insert your favorite Co...Read More
In light of the recent drop in copper prices, the company said it has reduced its capital guidance by $40 million, mainly at Santo Domingo in Chile and Pinto Valley in Arizona, USA, initiatedRead More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsOZ has mines in South Australia and Brazil and expects to produce 120,000-135,000 tonnes of copper and 208,000-230,000 ounces...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsIt'll now go through a 180-day comment period.Read More
The deal is in the form of a non-binding term sheet with Ontario Teachers' Pension Plan Board, who will continue with ongoing due diligence.Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsSeitz has served as interim chief executive since January this year and has overseen a surge in fertilizer demand and prices...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto minerals An embargo on rare earth exports, which are essential in some high-tech applications and defence equipment, was last u...Read More
RAPAPORT... William (Bill) Heher, president of Rare Earth Mining Company and an important figure in the US gem trade, died on August 1 at the age of 72.Born in September 1949, Heher began his career as a teacher, according to an obituary on memorial site Legacy.com. He later started importing fine gems and fossils from across the world.The profession took him to varied destinations. On his tr...Read More
RAPAPORT... Indian jeweler Titan Company's sales and profit soared in the first fiscal quarter, buoyed by strong holiday demand and a gap between two periods of Covid-19 disruptions.Revenue - including at subsidiaries - surged to INR 94.87 billion ($1.19 billion) for the three months ending June 30, compared with INR 35.19 billion ($442.4 million) during the same period a year ago, the company rep...Read More