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
They are desperately trying to cover their folly...by Harvey Organ of Harvey Organ Blog//SPEC SHORTS CAUGHT OFF SIDE AS GOLD AND SILVER RALLY BIG TIME: GOLD RISES $29.30 TO $1693.40//SILVER UP A HUGE $1.46 TO $20.53//PLATINUM UP $35.30 TO $902.60//PALLADIUM UP $58.00 TO $2240.40//PREMIUS ON PHYSICAL SILVER RISING TO BETWEEN $9.50 AND $12.00 PER OZ//CREDIT SUISSE LOOKS TO BE IN SERIOUS TROUBLE AS I...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesEldorado has completed over 85,000 metres of exploration drilling and remains on track to complete the planned 2022 drilling program of 1...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.The company's president Darrin Campbell said the PEA on the potential supplier of ‘the two most valuabl...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.The PEA sees an after-tax NPV5% of US$150.5 million, pre-production capital costs of $28.1 million, and a pay...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedShares in Gold Fields gained 6.25% to 15,850 rand on the Johannesburg Stock Exchange. Gold Fields announced i...Read More
The company said it anticipates ending the year at a run rate of approximately 3.4Mof of silver equivalent.Read More
The purchase of around 15.6 million shares is equal to around 7.1% of Centerra's total issued and outstanding shares.Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limited With that in mind, perhaps it should come as no surprise the minerals-intensive German car industry and...Read More
(IDEX Online) - An historic necklace from French Crown Jewels, set with diamonds and Burmese rubies, is being offered for sale, with a $375,000 price tag."This extraordinary necklace is truly fit for royalty," says MS Rau, antiques, jewelry and art sellers based in New Orleans, Louisiana, USA.The necklace was part of a huge collection, including items dating back 400 years, which was auctioned off...Read More
(IDEX Online) - US jeweler Kay is warning customers it may be forced to replace lab grown diamonds with natural diamonds. It blames "supply constraints".Lab growns retail at around half the price of natural diamonds, but are in short supply as global demand outstrips supply.Kay, the biggest jewelry brand in the US, with over 1,000 outlets, is advertising a $300 pair of sterling silver earrings, ?,...Read More
(IDEX Online) - Nineteen diamond workers were detained by police in Surat, India, as they prepared to hold a rally to demand better working conditions and more government support for the industry.Police said they had been denied permission to hold the event on Gandhi Jayanti, the public holiday on 2 October marking the birthday of Mahatma Gandhi, but were about to go ahead regardless.The Surat Dia...Read More
The payment results from ASCU's maiden resource estimate for the Parks-Salyer project that exceeds thresholds for contained copper included within EMX's royalty property footprint.Read More
Torex has also received approval from Mexican authorities to increase the power draw at the site to 45 megawatts (MW).Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 59 points in pre-opening trade.Bank of New York Mellon added $1.04 to $40.70 after Citigroup upgraded the stock from Neutral to Buy.Gilead gained $2.00 to $64.72 after JP Morgan upgraded the stock from Neutral to Overweight. Chipotle advanced $17.29 to $1521.99 after Deutsche Bank raised its target price from $1503 to...Read More
Canada is a global hydrogen leader, yet there is ample potential to reduce, or even eliminate, the lightest element's carbon emissions-heavy current production methods, says Dr. Erin Bobicki, a minerals processing and microwave researcher with the University of Alberta.Bobicki is also a founding director of Aurora Hydrogen, a start-up developing technology for emission-free hydrogen production, wh...Read More
This week's episode features the Quebec Thought Leadership presentation from the Q3 Global Mining Symposium, featuring Jonathan Lafontaine, Mining Exploration Activity Monitor, Minist??re de l'??nergie et des Ressources naturelles; Christian Goulet, Pilote de syst??me, Minist??re de l'??nergie et des Ressources naturelles; James Moorhead, Resident Geologist, Minist??re de l'??nergie et des ressour...Read More