Kitco, Released on 10/31/22Gold price is feeling the pain of seven months of consecutive losses - the longest Continue... Gold's 7 months of losses put it on path to longest losing streak in 5 decades added by Herman James on 10/31/2022View all posts by Herman James ?+'Read More
Zero Hedge (via Schiff Gold), Released on 10/30/22Most people have a sense of history that goes back about two weeks. This is especially true in the world of Continue... Gold Is The Solution For Financial Crises... added by Herman James on 10/31/2022View all posts by Herman James ?+'Read More
Today expert Adrian Day discusses results from two core holdings, both doing well, according to him, despite cost inflation. Day believes you can use current weakness to accumulate a portfolio of blue chips.Nestle SA (NESN:VX; NSRGY:OTC) reported a strong quarter, with organic growth of 8.5%, broad-based across most geographies and categories, and off sales increase of 9.2%. Pricing rose 7.5%, ref...Read More
With the possibility of a Fed pivot looming, expert Clive Maund touches on his views of the precious metals sector and why he believes you should invest in it sooner rather than later.On the 1-year chart for gold shown below, we can see precisely why it has been in a quite severe downtrend from its peak last March. It is because the dollar and interest rates, shown at the top and bottom of the cha...Read More
Americans will vote in the midterm elections next Tuesday. The latest polling suggests that a “red wave” is building, and Republicans may win the majority both in the House and the Senate. The election results will have implications for all markets – and that includes precious metals.Mass psychology is one factor. Confidence in U.S. institutions has been in decline for several de...Read More
The gold miners’ stockshave been battered over this past half-year, bludgeoned relentlessly lower withgold. Heavy gold-futures selling fueledby the US dollar shooting parabolic in a mania has slammed the yellow metal. Gold’s normal seasonal trends have been overpoweredby speculators’ leveraged gold-futures dumping. But with their selling capital firepower exhaust...Read More
GOLD PRICE DECLINE – $600 POSSIBLE?Over the past couple of months, since the posting of my article Gold Charts – $1450 the price of gold has done nothing to indicate a change in direction or reversal of any consequence. Below is the latest chart (source) of physical gold prices showing monthly average closing prices since the peak in July 2020… Gold Prices (inflation-adjus...Read More
Oil prices ended the week caughtbetween the headwinds of a tighter global supply and a lacklustre economicoutlook eroding consumers' purchasing power.Macroeconomics On Thursday, the greenback took off overthe value of 150 Japanese yen – a symbolic price mark – for the first timesince the 1990s. A strong dollar reduces foreigninvestors' purchasing power in other currencies and thus dema...Read More
The euphoric US dollar’sepic parabolic surge over this past half-year continues to sorely vex gold. The dollar’s vertical march to extremesecular highs spawned heavy gold-futures selling, slamming gold. The resulting lower gold prices have scaredaway investors, leaving gold languishing near deep lows despite an inflationsuper-spike raging. This fundamentally-absurdmar...Read More
As the inventory gets closer and closer to zero, how much longer can...by David Morgan of The Morgan ReportThe Silver Guru, David Morgan, stops by to talk about the ongoing drain on Comex Registered Silver supply in the face of stubbornly low prices. As the inventory gets closer and closer to zero, how much longer can this go on before prices move dramatically higher? Or is something else about to...Read More
Will it be spectacular, will it be spooky, or will it be...(by Half Dollar) The Federal Reserve concludes a two-day FOMC meeting at 2:00 p.m. EST on Wednesday,November 2, 2022.Many people are focused on what the Fed will do and say, which includes whether or not there will be a change in the Fed's monetary policy, especially with regards to interest rates.Specifically, many people are currently lo...Read More
Chair Peter DeFazio will also ask the EPA and the Army Corps of Engineers to revise their regulations and guidelines to crack down on "sham permitting" and project segmentation in what he called theRead More
North American-listed miners, including Agnico Eagle Mines, Yamana Gold, First Quantum Minerals and Lundin Mining have reported iin the past week seeing some decline in key input prices.Read More
Look beyond market approach to project valuations: van ZylLeadershipDigital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumFive leading regional min...Read More
The Purchasing Managers' Index is used as an indication of how an economy is faring. A contraction could indicate a recession. The Chinese contraction (to 49.9 in October, from 50.Read More
Gold has lost ground as many investors turn to higher-yielding investments, including bonds, in the wake of a series of interest rate hikes by the US Federal Reserve since March this year.Read More
RAPAPORT... Diamcor Mining saw profit rebound during the second fiscal quarter as the company sold a greater number of larger, higher-value rough diamonds.The company posted earnings of $1 million in the three months ending September 30, compared to a loss of $918,953 in the previous quarter, it said last week. The miner operates the Krone-Endora at Venetia deposit in South Africa.Revenue for the...Read More
RAPAPORT... Sales at Lucapa Diamond Company rose sharply in the third quarter, reflecting solid production even as market conditions worsened.Rough-diamond revenues jumped 42% year on year to $25.5 million for the period, the company said Monday in an email to Rapaport News. Sales from the Lulo mine in Angola rose 56% to $20.6 million, while proceeds from Mothae in Lesotho increased 4% to $4....Read More
RAPAPORT... Pandora has reported a blaze at a distribution center in Hamburg, Germany, noting that the company would use its other locations to serve the European markets should the incident affect supply. The fire, which began yesterday, is under control but has not yet been fully extinguished, Pandora said Sunday. Because the situation is ongoing, the Danish jeweler has not been able to determin...Read More
Digital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumSheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limitedBHP had a t...Read More