America has been gripped with violence for decades. While this is nothing new, the large number of mass shootings in 2019 is part of a growing trend over the last five to ten years. While some politicians seek to exploit every tragedy to push their own agendas, political gridlock prevents much of anything from being done on the national level. The Babylon Bee published a humorous graph illustratin...Read More

New Gold posted revenue of $155.1 million for Q2'19, down 20.6% from the same quarter a year ago and down 7.6% sequentially.Production was 132,556 Au Eq. Oz in 2Q'19. Rainy River is now well-positioned to deliver on its 2019 objective.The company announced on August 8, a C$150 million Bought Deal Financing.I recommend to be careful here and wait until the effect of such equity financing m...Read More

"Silver is going to be a home run. It actually just started..."Greg Hunter of USAWatchdog interviews Bill MurphyBill Murphy, Chairman of the Gold Anti-Trust Action Committee (GATA) is most bullish on silver. Murphy says, "For anyone that wants to get involved in precious metals, silver is going to be a home run. It actually just started. . . . Gold goes first because the physical market is tight....Read More

RAPAPORT... Revenue from Angola's national diamond-trading company,Sodiam, rose 3.9% year on year in the second quarter, with the government separately noting an increase in prices. Prices of Angola's diamonds have increased since the implementation of the country's new, more competitive diamond-trading policy last year, the government said in a Facebook post last week. That program allows mi...Read More

RAPAPORT... India's polished-diamond exports slid 18% year on year inJuly, reaching their lowest level since December 2018. The decline reflected aslowdown in the midstream sector as manufacturers struggled to offload excess goods. Rough trading alsodropped significantly, according to data from the Gem & Jewellery ExportPromotion Council. India Trade Data for July 2019Read More

RAPAPORT... Sarine Technologies saw a sharp decline in revenue duringthe second quarter, as an oversupply in the midstream led to lower sales of manufacturing equipment. Sales fell 35% year on year to $11.6 million for the threemonths ending June 30, the Israel-based company said last week. Revenue fromIndia -Sarine's largest market - dropped 32% to $8.2 million. Sales inAfrica plunged 63% to...Read More

Macauhub, an online news service, reported that the share capital held wholly or partially by the government of Angola in 195 different companies will be sold between 2019 and 2022, under the Privatization Program, published in the Diario da Republica official bulletin, as per the Portuguese-language Jornal de Angola. The program states that 175 companies will be sold via public tender, 11 by publ...Read More

Insideretail.asia reported that LVMH has bought a cornerstone share in Stella McCartney House. Full details of the deal will be released in September, however LVMH has confirmed Stella McCartney will continue as creative director and ambassador of her brand, while holding majority ownership. LVMH's archrival house Kering previously held a stake in Stella McCartney House until the celebrity bo...Read More

The luxury market analyst Pam Danziger, writing for Forbes, reported that a new study argues that Millennials are about to radically transform the luxury market by 2025. What Millennials expect from luxury brands is radically different from previous generations, she wrote. The study was by Boston Consulting Group (BCG) and Altagamma,  and concerns the United States and China, the world's...Read More

RAPAPORT... Long before the threat of tariffs on Chinese goods loomed large,brick-and-mortar retailers in the US were facing challenges. So far this year,US retailers have announced plans to shut down over 7,000 stores after almost6,000 closed in 2018, according to research and advisory firm CoresightResearch, which estimates that the total could climb as high as 12,000 by theend of the year.With...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumSouthern received a construction licence in July to build its controversial US$1.4 billion Tia Maria mine which has planned production of 120,000 tonnes of copper a year for 20 years.Southern said at the time it would not start construction until it had support from local communities, and communities immediately launched...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumEro Copper ended the second quarter with an improved cash balance of US$35.7 million, and increased its full-year production guidance for 2019 by 2,000t of copper to between 38,000t-40,000t.The company's C1 cash costs per pound of copper were $1.04 in the second quarter. For gold, from the company's NX gold mine, C1 cash...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe six-year review was conducted by the US States Forest Service.The publication of the DEIS triggers a further public consultation process over a 90-day period, which will inform the final environmental impact statement (EIS) and the next steps in the permitting process for the project.Quality emerges at Galan's bl...Read More

Under the cloud of the continuing US/China trade dispute, which has no end in sight and is weighing on global economic activity, market sentiment is subdued. But numerous events are buffeting prices - with nickel supported by short-covering and fresh buying against concerns about present and future supplies, while copper mine supplies may be affected by strikes at ports in Peru. Zinc and tin, rema...Read More

U.S. equity index futures moved lower this morning. S&P 500 futures were down 16 points in pre-opening trade. Index futures responded partially to a decline in second half earnings estimates for S&P 500 companies by Goldman Sachs and Citigroup due to possible impact of a trade war between the U.S. and China.Canfor (CFP $8.80) is expected to open higher after Jim Pattison's company offered...Read More

QUESTION: Hi MartyCan you enlighten us on what happened back in history to gold mining shares in terms of why shares did not collapse during the crash of 1929 compared to what happened to mine shares in 2008?What happened to the shares held by the public in 1933 when FDR confiscated gold?So you were safe holding the shares!GGANSWER: You must realize that gold was money under the gold standard. Yo...Read More

The Northern Miner presents its top-10 list of U.S.-based mid-tier to junior companies, excluding coal and precious metals, according to market cap.1. Intrepid PotashMarket cap: US$432 millionIntrepid Potash (NYSE: IPI) is a diversified minerals company based in Denver, Colo., that delivers potassium, magnesium, sulphur, salt and water products for the agricultural and oil and gas industries. It i...Read More

Stocks swooned last week after U.S. President Donald Trump declared in a tweet on Aug. 1 that he would slap a 10% tariff on a further US$300 billion of Chinese imports to the U.S. starting on Sept. 1. (This does not include the US$250 billion already tariffed at 25%.)The U.S. Chamber of Commerce, representing the interests of 3 million American businesses, claimed the threat of more tariffs "wil...Read More

President Trump's declaration on Aug. 1 that he would impose a 10% tariff on a further US$300 billion of Chinese imports to the U.S. starting on Sept. 1, and his description of China a few days later as a "currency manipulator," hammered markets and sent gold prices soaring over US$1,500 per ounce. New York spot gold closed at US$1,496.20 per oz., up US$56.20 per oz. or 3.90%, while the Dow Jones...Read More

Terramin leads gold-copper revival in South AustraliaSPONSOREDterramin australiaNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumThickened tailings deposition for closureSPONSOREDsrk consultingNot always a popular topic, and one that can trigger strong views, hedging was one of the high...Read More