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
Recession calls are getting louder. If history is any guide, the bust is coming. Good news for gold!An economic hurricane is coming. Brace yourselves! This is at least what Jamie Dimon suggested last month. To be precise, he said: “Right now, it's kind of sunny. Things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road, coming our way. We...Read More
Many traders are focused on Gold as price has contracted over the past 5+ weeks, and the $1700 level is being retested. This prompted my team and I to do some research related to the US Federal Reserve’s recent rate increases and how Gold has previously reacted to rising and falling interest rates.Exploring Price Patterns Between Gold and Fed Rate DecisionsI knew from the 2008-09 Global Fina...Read More
What do you get when you combine sellouts, shills and paid subscription newsletter & website pushers with the silver market?(by Half Dollar) You get the continued manipulation of silver.That's what.Of course, nobody will dare talk to 'Ol Half Dollar about this because, well, let's face it: People get paid to spread lies instead of speak the truth.You see, there's no money in the truth, and most pe...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdToth, who was previously group executive strategy and development at Rio Tinto, joined Newmont in November 2021 as executive vice presid...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipInvestor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsDrilling highlights included 109.05m grading 0.89% copper equivalent including 1.45m grading 14.52% copper equivalent, with the hole containing intervals of chalcocite...Read More
Highlights included 18.3m grading 3.35 grams per tonne at the Black Stallion target, 47.2m grading 0.8g/t at the Pegasus target, 10.7m grading 1.06g/t at the Palomino target, 22.9m grading 0.Read More
The 2017 Florence economic study gave a $200 million initial capital cost which the company aims to finance through cash flow and debt.Read More
The government is seeking to impose a 10% export tax on gold above a reference value of US$400 per ounce.Read More
(IDEX Online) - A legendary Cartier watch - one of only four ever made - could fetch $400,000 when it is auctioned at Sotheby's Paris next month.It was presented to Belgian motocross driver Gaston Rahier for a unique achievement, winning his class of the grueling Paris-Dakar Rally across the Sahara Desert in both 1984 and 1985.The Cartier Cheich (pictured) has a dial framed by a gol...Read More
The company has halted operations at its Buritica gold mine in Antioquia due to an illegal blockade by locals concerned that criminal miners may be trapped in illegal tunnels on the company'sRead More
(IDEX Online) - The Natural Diamond Council (NDC) is promoting mined gems with 12 love-story podcasts in India.Pyaar Actually - Love Stories like No Other are narrated by TV and stage stars Shriya Pilgaonkar, Aahana Kumra and Akshay Oberoi, drawing on parallels between natural diamonds and real-life loving relationships.Richa Singh, managing director of the Natural Diamond Council in India an...Read More
(IDEX Online) - Canadian miner Star Diamond has announced a first-half net loss, up to 30 June, of $1.5m, down from $3.1m for the same period in 2021.It blamed ongoing operating costs and the fact that exploration and evaluation expenditures had exceeded interest and other income earned. Star Diamonds joint venture partner Rio Tinto Canada, which holds a 75 per cent stake in the Fort ?? la...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 37 points in pre-opening trade. Index futures were virtually unchanged following release of the U.S. July Retail Sales report at 8:30 AM EDT. Consensus was an increase of 0.1% versus a gain of 1.0% in June. Actual was unchanged. Excluding auto sales, consensus was a slip of 0.1% versus a gain of 1.0% in June. Actual w...Read More
Company starts 3,000-metre drilling program to test the new anomalies CEO Interview today at 9:00 AM ET:Update on ObalskiTomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (Read full newsRead More
The company's major shareholder Fidelity is putting in about $1.4 million to maintain its 9.9% equity stake, with other investors undisclosed.American Rare Earth's two key projects are La Paz in Arizona and Halleck Creek in Wyoming, with the company of the belief they have the potential to be two of the largest deposits in North America.Ongoing and planned work includes permitting, drilling and me...Read More