Zinc8 lab. (Image courtesy of Zinc8 Energy Solutions) Canadian company Zinc8 Energy Solutions is staying its course and continues to work on a demonstration project to deploy a 100 kW/1 MWh energy storage system to a site in New York state. This, despite the fact that the eastern US state has been massively affected by the covid-19 pandemic, with almost 200,000 people infected and close to 9,000...Read More
Gold ribbon. (Image by Dawn Hudson, Public domain pictures, CC0). An international group of researchers published a study in Proceedings of the National Academy of Sciences where they present evidence of the existence of Majorana fermions -particles that are theorized to also be their own antiparticle- on the surface of a gold object.According to the scientists, this is a major step toward isolat...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended April-10, 2020 $BTG, $CXB.TO, $DPM.TO, $EXK, $EGO, $FNV, $WPM, $OR, $SAND, $RGLD, $GFG.V, $GBR.V, $GPL, $HL, $KL, $KORE.V, $KNT.V, $MOZ.TO, $PG.TO, $AUY, $CG.TO It's looking the suspension of mining activities have tapered off for the time being, though the mining industry has already been severely impacted. Approximately 5...Read More
Dave KranzlerThe CME/LBMA latest paper derivative product - the Accumulated Certificate of Exchange aka "4GC" - is failing. Badly. After its introduction last week there has been zero trade activity in the contract: 4GC Settlement data. The contract fabricates a paper claim on 25% of an LBMA 400 oz bar for Comex participants seeking delivery of the 100 oz Comex bar. It's an attempt to tr...Read More
The title of Leo Tolstoy's massive tome, War and Peace, which many have heard of but few have read, implies a cyclical alternation between these conditions, which never ends, no matter how great the level of technological advance, because of the nature of men, which does not change.It is the same with the great economic cycles which alternate between boom and bust. Once a parasitic overclass gai...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended April-10, 2020 $BTG, $CXB.TO, $DPM.TO, $EXK, $EGO, $FNV, $WPM, $OR, $SAND, $RGLD, $GFG.V, $GBR.V, $GPL, $HL, $KL, $KORE.V, $KNT.V, $MOZ.TO, $PG.TO, $AUY, $CG.TO It's looking the suspension of mining activities have tapered off for the time being, though the mining industry has already been severely impacted. Approximately 5...Read More
Dave KranzlerThe CME/LBMA latest paper derivative product - the Accumulated Certificate of Exchange aka "4GC" - is failing. Badly. After its introduction last week there has been zero trade activity in the contract: 4GC Settlement data. The contract fabricates a paper claim on 25% of an LBMA 400 oz bar for Comex participants seeking delivery of the 100 oz Comex bar. It's an attempt to tr...Read More
Preventing DepressionMonetary and Fiscal Policy: Where We Are TodayInflation Is Always and Everywhere a Function of DemandThe Utter Travesty of UnemploymentThinking of the Enormity of It All"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. ... A steady rate of monetary gr...Read More
Even as the coronavirus cases in the U.S. grew, President Trump just kept on saying everything was fine.Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended April-10, 2020 $BTG, $CXB.TO, $DPM.TO, $EXK, $EGO, $FNV, $WPM, $OR, $SAND, $RGLD, $GFG.V, $GBR.V, $GPL, $HL, $KL, $KORE.V, $KNT.V, $MOZ.TO, $PG.TO, $AUY, $CG.TO It's looking the suspension of mining activities have tapered off for the time being, though the mining industry has already been severely impacted. Approximately 5...Read More
Dave KranzlerThe CME/LBMA latest paper derivative product - the Accumulated Certificate of Exchange aka "4GC" - is failing. Badly. After its introduction last week there has been zero trade activity in the contract: 4GC Settlement data. The contract fabricates a paper claim on 25% of an LBMA 400 oz bar for Comex participants seeking delivery of the 100 oz Comex bar. It's an attempt to tr...Read More
Have you read Ayn Rand’s novel Atlas Shrugged? The main theme of the book is that – overwhelmed by growing statism – entrepreneurs at one point say finally “basta!” and announce a strike. The symbolic Atlas who carries the world, shrugs. As a result, the economy collapses, plunging the world into chaos. This what we are observing right now – the only difference...Read More
[edit] It goes without saying that gold miners and the royalty companies that live off them will be shown to have been impaired like many other companies by the coming Q2 numbers due to shutdowns. An emailer questioned my view on this and it has been one of my personal caution points. Markets should be looking ahead, but during this euphoric sentiment release across broad markets maybe they’...Read More
The title of Leo Tolstoy's massive tome, War and Peace, which many have heard of but few have read, implies a cyclical alternation between these conditions, which never ends, no matter how great the level of technological advance, because of the nature of men, which does not change.It is the same with the great economic cycles which alternate between boom and bust. Once a parasitic overclass gai...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended April-10, 2020 $BTG, $CXB.TO, $DPM.TO, $EXK, $EGO, $FNV, $WPM, $OR, $SAND, $RGLD, $GFG.V, $GBR.V, $GPL, $HL, $KL, $KORE.V, $KNT.V, $MOZ.TO, $PG.TO, $AUY, $CG.TO It's looking the suspension of mining activities have tapered off for the time being, though the mining industry has already been severely impacted. Approximately 5...Read More
Dave KranzlerThe CME/LBMA latest paper derivative product - the Accumulated Certificate of Exchange aka "4GC" - is failing. Badly. After its introduction last week there has been zero trade activity in the contract: 4GC Settlement data. The contract fabricates a paper claim on 25% of an LBMA 400 oz bar for Comex participants seeking delivery of the 100 oz Comex bar. It's an attempt to tr...Read More
Preventing DepressionMonetary and Fiscal Policy: Where We Are TodayInflation Is Always and Everywhere a Function of DemandThe Utter Travesty of UnemploymentThinking of the Enormity of It All"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. ... A steady rate of monetary gr...Read More
RAPAPORT... Rough prices slumped at Petra Diamonds' March tenders as buyers sought discounts due to the slowdown in the market caused by the COVID-19 pandemic.Goods from Petra's South African mines sold for 27% less than in February on a like-for-like basis, the company reported last week. As a result, the miner chose to sell only 75% of its available volume and exported the rest to sell in A...Read More
RAPAPORT... Chow Tai Fook's sales slid in the fourth fiscal quarter amid sluggish consumer demand and store closures brought on by the coronavirus pandemic.Retail sales slumped 41% in mainland China in the three months ending March 31, while same-store sales - at branches open for at least year - plunged 50%, the jeweler reported last week. Both retail sales and same-store sales in Hong Kong...Read More
RAPAPORT... India's polished-diamond trade slowed inFebruary, reflecting lower demand from Hong Kong and China due to thecoronavirus. Exports dropped 41% to $1.38 billion, while rough imports rose, accordingto data from the country's Gem & Jewellery Export Promotion Council (GJEPC). India Trade Data for February 2020 Read More