Editor and Publisher of The GGM Advisory Service, Michael Ballanger, explains his current bearish stance on gold.Few investors under the age of 60 have even heard the name "Jesse Livermore" and even fewer have read as much as one page ever written by the legendary author "Edwin Lefevre" who wrote what many consider their personal investment "bible of sorts" in the classic "Reminiscences of a Stock...Read More
"Contained metal on a gold equivalent basis increased by 8.4% over the previous 2020 resource estimate," noted a Cantor Fitzgerald report.Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) released an "improved and upgraded resource" estimate for its KSM project that reflects a "sizable" increase" from 2020, reported Cantor Fitzgerald analyst Mike Kozak in an April 14 research note.At the consolidated KSM...Read More
GOLD GAINS IN PRICE ONLYIt has been said that the more things change, the more they remain the same. That is certainly true of gold prices.Let’s look at the following three charts in succession. Then we’ll talk about them… Current Gold Prices (inflation-adjusted) – 100 Year Historical ChartOctober 2021 Gold Prices (inflation-adjusted) – 100 Year Historical Char...Read More
Real talk...(by Half Dollar) Reality is setting in across America.Unfortunately, it's not really possible to talk about.Oh well.At least silver is beginning the week above $26:It could be much worse.Or much better.Yup.Those who understand are still in exile...Read More
RAPAPORT... Jewelers of America (JA) has announced the winners of its 32nd annual CASE Awards for jewelry design, recognizing retail and supply members whose pieces feature creativity, artistry, style and excellence.A panel of judges chose the honorees from more than 140 applicants in eight categories, evaluating overall design, marketability, originality and manufacturing quality. Winners receive...Read More
RAPAPORT... Hong Kong-based jeweler Luk Fook reported same-store sales fell 8% in the fourth fiscal quarter as a sharp uptick in coronavirus cases restricted consumer purchases. Same-store sales dropped 17% year-on-year in Hong Kong and Macau for the three months ending March 31, as the rise in virus cases and tighter restrictions hindered sales, the jeweler said last week. Same-store sales of gol...Read More
(IDEX Online) - Mountain Province reported a 15 per cent drop in production as it processed lower grade ore.But the Canadian miner said the discovery of kimberlite at its Gahcho Ku?? (C) mine (pictured) in a remote part of Northwestern Territories provided "significant opportunities for additional diamonds to be discovered".It recovered 1,185,156 carats in the first quarter of 2022, according to i...Read More
(IDEX Online) - African diamond miners are expected to reap the benefits of sanctions against Russia over its invasion of Ukraine.The US has outlawed trade with Alrosa and blocked the company from its banking system, though it has not imposed restrictions on Russian diamonds that are cut and polished elsewhere."Many diamond industry participants from cutters to polishers, traders, wholesalers will...Read More
(IDEX Online) - Cartier says it will increase prices to cover the higher costs of diamonds, platinum and gold, and to offset rises in US and Chinese currencies against the euro.The rises on high-end luxury goods are described as "mild" - between three and five per cent - are not expected to deter wealthy buyers.Sales for the French luxury conglomerate - part of the Richemont group - have been robu...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.Wendy's dropped $0.43 to $20.46 after Bank of Montreal downgraded the stock.Twitter added $2.20 to $47.28 after Chairman Jack Dorsey announced favouring Elon Musk's takeover offer of the company.Bank of America gained $0.23 to $37.80 after the company reported higher than consensus first...Read More
Mountain Province Diamonds (TSX: MPVD, US-OTC: MPVD) has reported a 15% year-on-year decrease in first quarter production at its 49%-owned Gahcho Ku?(C) diamond mine, located in the Northwest Territories. While tonnage was up - the operation mined 1 million tonnes of ore in the most recent quarter, a 98% increase compared to last year's 515,000 tonnes - grades were down 25% year-on-year at 1.68...Read More
Eight workers from Trevali Mining's (TSX: TV; US-OTC: TREVF) Perkoa zinc mine in Burkina Faso have been missing for five days as flooding caused by heavy rainfall in Burkina Faso on Apr. 16 disrupted operations, the company said. In an updated statement on Apr. 21, the company said that the eight workers were yet to be found and that the company had decided to suspend its production guidance for...Read More
Solaris Resources (TSX: SLS; US-OTC: SLSSF) has posted an updated resource estimate for the Warintza Central deposit at its Warintza copper project in southeastern Ecuador that has expanded inferred tonnage by seven times, includes a first-ever indicated resource, and has also outlined a potential starter pit. The property now has indicated resources of 579 million tonnes grading 0.47% copper,...Read More
Nevada King Gold (TSXV: NKG; OTC: NKGFF) is increasing its previously announced $6.8-million non-brokered private placement to $11.3 million through the issuance of 25 million common shares priced at 45 ? each.The lead order will come from the company's CEO, Collin Kettell, who intends to subscribe for 10 million shares for a total of $4.5 million. Participation by management and insiders is expe...Read More
Lomiko Metals (TSXV: LMR; US-OTC: LMRMF) has ambitions to become a billion-dollar company, says Gordana Slepcev, the company's chief operating officer.The Canadian junior is exploring for graphite and lithium - critical materials needed for the global transition to a greener energy future. Both graphite and lithium are used in the lithium-ion batteries in electric vehicles (EVs) and are essential...Read More
Peru's Ministry of Environment and the southern Espinar province set up a dialogue process with the goal of finding solutions to the social and environmental problems locals say mining operations are causing in the area.In detail, the vice-minister of environment, Elizabeth Silvestre, met with the representatives from 11 farming communities that want to be included among those directly affected by...Read More
Share this articleVANCOUVER - Element 29 Resources Inc. [ECU-TSXV; EMTRF-OTC] reported results from its two initial drill holes of the 4,000-metre, 11-hole drill program at the 100%-owned Flor de Cobre Copper Project in southern Peru.Steve Stakiw, President and CEO, commented, "We are very encouraged by how similar the results of these first two drill holes are to the copper grades in the historic...Read More
There is a lot Putin won't acknowledge or doesn't seem to comprehend - the will of the Ukrainian people, the century we currently reside in, the collapsing living standards of the citizens he purports to protect... The burden of sanctions isn't lost on him.Putin admits that Western sanctions are a "disruption of the logistics of export deliveries"... Courtesy of "unfriendly countries."A map of "...Read More
We spoke with Tim Gabruch, President, and CEO of IsoEnergy Ltd. (TSXV: ISO; OTCQX: ISENF), a well-funded uranium exploration and development Company, with a portfolio of prospective projects, in the eastern Athabasca Basin in Saskatchewan, Canada. IsoEnergy was founded by NexGen Energy Ltd., who owns 50% of the Company and provides IsoEnergy with tremendous support and strategic advantage. The Com...Read More
Peak Prosperity, Released on 4/19/22?>>?"Watch the Water" is a hugely successful/popular "documentary" that purports that Remdesivir is actually snake venom, and that what we call Covid is really people's reactions to snake venom. Worse, that municipal water systems are the means for distributing the toxins to people. Leave aside that snake venom could not be produced in such quantities as to pois...Read More