Seems legit...(by Half Dollar) The Federal government's official inflation report has just been released for the month of September, 2022.According to the BLS, in September:Prices are up 0.4% from last month.Prices are up 8.2% over the last 12 months.The BLS says, "shelter, food, and medical care indexes were the largest of many contributors".Here's a look at the "price" "action" in gold & silver...Read More
We finally may be seeing the first stages of the destruction of the digital derivative and fractional pricing scheme... by Craig Hemke via Sprott Money NewsAn interesting dichotomy has developed in the "silver market". What does it mean? Does it mean anything at all? We'll know soon enough, I guess.What an interesting year this has been, and the last six months have been positively brutal. While...Read More
Measured and indicated resources increased 98% to 140 million tonnes grading 0.48% copper for 665,500 tonnes of contained copper. Inferred resources increased 92% to 83Mt grading 0.Read More
Cordero, which Discovery Silver is advancing towards a prefeasibility study (PFS), appears to be a relatively simple development as and when the company makes a construction decision, which may comeRead More
The firm has temporarily suspended mining activity and further development in the Main Pit at the Plutonic Gold Mine and is demobilizing the mining contractor due to operational underperformance, theRead More
Eldorado Gold produced 118,790 oz in the third quarter, 4.Read More
At the beginning of the year, Wesdome had guided for 160,000-180,000oz, but lowered it by 24% at the mid-point in its Q2 reporting, largely due to supply chain issues which hampered equipmentRead More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedCerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDAs a result of the stronger production in Q3 2022, following weaker than anticipated production in H1, Kenmare ex...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedCerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDOn Tuesday, the International Monetary Fund (IMF) released its latest biannual World Economic Outlook (WEO) publi...Read More
News: Mixed expectations for the holiday season. US jewelry sales steady, but economic uncertainty affecting sentiment. IMF lowers 2023 global growth forecast due to China slowdown, Ukraine war and inflation pressure. Jewelry outpacing other luxury sectors, says Mastercard. LVMH 3Q jewelry and watch revenue +25% to $2.6B. Diamond trading slow. Manufacturers holding enough inventory ahead of Oct. 2...Read More
RAPAPORT... LVMH saw sales of jewelry and watches surge in the third quarter, buoyed by a strong performance from Tiffany & Co.Revenue from the category jumped 25% year on year to EUR 2.67 billion ($2.58 billion) in the three months ending September 30, LVMH reported Tuesday. Sales in the US, Europe and Japan benefited from local demand as well as the recovery in international travel, while th...Read More
RAPAPORT... Sales at Titan Company, an India-based jewelry retailer, increased in the second fiscal quarter as consumers spent more in the lead-up to the festive season.Jewelry sales climbed 18% year on year for the three months ending September 30, the company reported last week. Plain gold jewelry performed well, and studded jewelry saw a significant jump in the amount shoppers spent per item. R...Read More
(IDEX Online) - Diamond factories are extending their Diwali breaks from 15 days to 25 days amid ongoing slow demand from the US, Europe and China. An estimated one million workers will be forced to take 10 extra days of unpaid leave as units close from 21 October to 15 November. The closure will inevitably have an impact on the city's wider economy. Factory closures are s...Read More
(IDEX Online) - Israel's polished diamond exports rose by 25 per cent to $3.2bn in the first three quarters of 2022.Polished imports for the same period were up 19 per cent to $2.5bn, according to the Diamond Controller of the Israel Ministry of Economy and Industry.Net import of rough diamonds to Israel fell slightly, by 0.5 per cent, to $1.5bn. and exports fell by 1.0 per cent to $1.3bn.How...Read More
Preliminary third quarter gold production was lower than the second quarter as a strong performance from the Pueblo Viejo mine in the Dominican Republic was offset by lower production at the VeladeroRead More
"We remain on track to deliver on our updated guidance," said New Gold chief executive Renaud Adams after reporting third-quarter operational performance ahead of financial results on 3 November.Read More
U.S. equity index futures were higher at 7:30 AM EDT. S&P 500 futures were up 22 points in pre-opening trade.Traders were waiting for the September Consumer Price Report at 8:30 AM EDT. Consensus is an increase of 0.2% versus a gain of 0.1% in August. On a year-over-year basis, consensus is an increase of 8.1% versus a gain of 8.3% in August. Excluding food and energy, consensus is an increase...Read More
Las Vegas, Nevada has been our resort for these past several days.Here we have witnessed several madnesses - madnesses large, madnesses small. Madnesses public, madnesses private.Yet the public madness, the mass madness, the extended madness is our concern today. That is, the market madness.And so we publish once again our reflections on the madness of crowds. As we have written before: When a man...Read More
Many analysts say gold is volatile. But they should say that the gold market is volatile. That's because most of it is paper gold, with only a small amount of physical gold to support it.Think of the gold market as an inverted pyramid, with a small amount of gold at the bottom, holding up a huge amount of paper gold. The paper market could be 100 times the size of the physical market.That means th...Read More
The speeder bike chase on Endor in Return of the Jedi is one of the most memorable parts of the original Star Wars trilogy.As a kid, it was a part of the movie I would rewind to watch over and over, if only to hear those speaker-ripping sounds coming out of the old wood-grain console TV that sat on the floor.I never thought that someone would eventually build one of those bikes in real life. But h...Read More