Recently we talked about why Millennials aren't buying a house at the same rate as their Boomer and Gen X parents. Today, let's talk about how Boomers and Gen Xers are actually Continue...Read More
"Part of what gold does is it protects us from our own worst instincts."Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global oppo...Read More
President Trump's second summit with North Korean leader Kim Jong-Un last week was criticized by both parties in Washington long before Air Force One even touched down in Hanoi. Washington's political class seemed terrified that the nearly 70 year state of "war" with North Korea might actually end. In the end the only positive thing they could say about the meeting was that Trump apparently walked...Read More
The company reported 190 out of 195 drill holes have shown near-surface silver mineralization. We are barely into the third month of the year, but New Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX) has been moving nonstop, announcing major land expansion news and off-the-charts drill results.In January, the company announced a major land expansion of its Silver Sands project in Bolivia though an...Read More
Sector expert Michael Ballanger reflects on the implications of recent market moves. The 2018-2019 bear market rally that we identified during the last week of 2018 via the 2019 Forecast Issue, entitled "2019: Mayhem, Misallocation and the Mockery of True Price Discovery," is now on record as one of the most ferocious rallies ever recorded, as short sellers are being carried out on stretchers and...Read More
Technical analyst Clive Maund discusses gold's recent price decline and how that could be setting it up for a sustainable breakout. The rather sharp drop in gold late last week, especially on Friday, came as something as a shock to many investors in the sector, yet as we will proceed to see it was set up to react back here or soon, and a period of consolidation or reaction at around this level wi...Read More
Technical analyst Clive Maund charts silver and discusses the factors behind its price decline. Silver fell sharply on Friday after dropping on Wednesday and Thursday, and the reason it fell so sharply can be seen on its latest 6-month chart below which shows that it breached its parabolic uptrend, which had become too steep, this differed from gold whosesimilar parabolic uptrend held, for now. W...Read More
Technical analyst Clive Maund explains why he believes both the fundamental and technical outlooks for this company look strong. Lion One's Tuvatu ProjectLion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) is certainly showing signs that it is turning up here, and so it should given the company's steadily improving fundamentals and the brightening outlook for the sector, notwithstanding any modest near...Read More
MikeGleason: It is my privilege now to welcomein Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps most well-known trendsforecaster in the world and it's always a joy to speak with him.Mr. Celente, thanks for the time again today andwelcome back.GeraldCelente: Oh, thanks for having me on, Mike.MikeGleason: Well, Gerald, the Trends Journal is forecasting Economic9/11...Read More
StrengthsThe best performing metal this week was palladium, up 2.81 percent with continued price strength. Gold traders were split between bullish, bearish and neutral on the yellow metal this week as prices struggled to recover and posted a monthly loss for February. Lawmakers in Romania are drafting legislation aiming to repatriate the country's gold stored in the United Kingdom. The bill is t...Read More
"A generation from now, Americans may marvel at the complacency that assumed the dollar's dominance would never end." Floyd Norris, chief financial correspondent, New York Times, 2/2/2007 "Capitalism without bankruptcy is like Christianity without hell." Frank Borman, NASA Astronaut Gemini 7, CDR Apollo, CEO Eastern Airlines, April 1986 "The generally accepted view is that markets are always r...Read More
By: Keith WeinerWe have written numerous articles about capital consumption. Our monetary system has a falling interest rate, which causes both capital churn and conversion of one party's wealth into another's income. It also has too-low interest, which encourages borrowing to consume (which, as everyone knows, adds to Gross Domestic Product GDP).What Is CapitalAt the same time, of course entre...Read More
By: IRA EPSTEINGold market -- weekly chart, sideways action galore. Upside momentum lost, higher highs and higher lows is lost:Read More
Precious metals have been a hot topic for investors and the financial markets. Gold, in particular, has caught the eye of market participants.After a 6 month rally into February, Gold futures reversed hard to the downside. This reversal came as gold prices tested triple resistance (1) at the same time that momentum was overheating (2).The move lower created an ugly bearish reversal candlestick o...Read More
SASKATCHEWAN - Canada's ALX Uranium signed a non-binding letter of intent this week with Orano Canada, a subsidiary of France's Orano Group.The letter refers to the possible acquisition by ALX of a 51% participating interest in the Close Lake uranium project located in the eastern Athabasca Basin area of northern Saskatchewan. This is the same province that hosts the Hook-Carter project, where the...Read More
RAPAPORT... Star Diamond Corporation has noted a large quantity of high-valueand large rough stones at its two exploration sites in Canada, sending itsstock price shooting upward. Nearly 27% of diamonds at its Star project are type IIa, acategory that represents less than 2% of all rough diamonds mined fromkimberlites, the company reported Monday. The proportion of that category at its OrionSouth...Read More
RAPAPORT... Polished-diamond imports to Hong Kong were flat in 2018,according to data from the Diamond Federation of Hong Kong, China. The averageprice rose 3%, offsetting lower volumes. Polishedimports from China increased 10%, while shipmentsfrom the US dropped 5%, and supply from the United Arab Emirates slumped 31%. Imports from India slipped 1%.Hong Kong Diamond Trade Data for Full Year...Read More
RAPAPORT... Israeli-Belgian diamantaire Ehud Laniado died Saturday at65, following a heart attack during surgery at a Paris clinic, local media reported. Laniado, the founder of Mercury Diamond, a diamond-pricing consultancy firm, was undergoing an electiveprocedure, according to French magazine Le Point. Emergencypersonnel were unable to revive him. The industry veteran began his career as...Read More
Ehud Laniado, a well-known Israeli diamantaire, died last weekend - Saturday, March 1, 2019 - in a clinic in Paris, France where he was to undergo cosmetic surgery. According to the French publication Le Point, the cause of dead was cardiac arrest following a procedural injection in the abdomen. Laniado was the owner of the Mercury Diamonds company. He spent his early years in Africa and later in...Read More
The 63rd Bangkok Gems & Jewelry Fair which was held February 20 to 24, 2019 at Challenger Halls 1-3, IMPACT in the suburban Bangkok. The event welcomed over 14,000 visitors from 118 countries. According to the organizers, the number of foreign visitors was up 5.4 percent compared to 2018. Trade generated at the event was nearly 2.1 billion baht ($66 million). Thailand's Deputy Minister of Com...Read More