Today is the day we want to warn our followers that we expect the precious metals to continue to base with a fairly narrow price range for about 45 to 65 more days before upside pricing pressures start to take hold of the markets. There has been quite a bit of chatter about Gold breaking above $1300 recently. Many people have been expecting it to move much higher fairly quickly. ...Read More
Last Friday Gold managed to break above $1300. The yellow metal has therefore broken above 8 year bearish channel in a weekly closing basis. The break also allows the metal to close back above the ascending trend support from Nov 30, 2015 low as the chart below shows. Gold breaks above long term bearish channelEarlier this month, we highlighted the possibility that 2019 can be a good year for...Read More
By: Jp CortezCharleston, West Virginia (January 29, 2019) -- West Virginia legislator Delegate Pat McGeehan (R-01) has introduced the West Virginia Sound Money Act, House Bill 2684, to eliminate all tax liability on gold and silver in the state.Following in the footsteps of the Wyoming Legal Tender Act, which passed in Wyoming overwhelmingly last year, the West Virginia Sound Money Act is a...Read More
The mis-pricing of money and credit has also driven a terrible misallocation of capital and kept unproductive zombie debtors alive for too long. Saxo Bank, "Beware The Global Policy Panic""Mis-pricing of money and credit" refers to the ability of the Fed to control interest rates and money supply. Humans with character flaws and conflicting motivations performing a role that is best left to a...Read More
By: Craig HemkeAn improving technical picture can be a key driver of the institutional fund flows that will be necessary to drive COMEX gold and the mining shares upward in the weeks ahead.However, let's make one thing perfectly clear before we go any further...I understand that the price of COMEX gold and silver is managed and manipulated by The Bullion Banks.You likely understand this, too.How...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
By: Ira EpsteinMetals stay well bid into Wednesday's FOMC Monetary Policy Statement and Press Conference Ira Epstein reviews the days trading in the metal markets. For more information and access to Ira's free offers for commodity traders, visit https://www.iraepstein.com. Read More
MODEST INCREASE IN THE GOLD PRICE BUT WIDE SPREADS "Bulls to the left of me, bears to the right, here I am, stuck in the middle with you..." There's no real consensus among analysts about the direction and price of gold in this year's survey. While the average of all forecasts suggest a modest 1.8% gain for gold, this figure is somewhat overshadowed by a $325 trading range. While gold is appare...Read More
According to the latest figures released by the Internal Revenue Service (IRS):In 2016, the top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).The top 1 percent of taxpayers paid...Read More
You're in the market for a hundred ounces of phyzz. Buy the 100 oz Silver Bars? Or do smaller size Silver Bars make more sense? Here's Matt's insight...by Matt from Silver Fortune via Silver FortuneAre 100 oz silver bars worth the hassle, or do smaller sizes make more sense?Which do you prefer? Read More
If the fundamentals for silver weren't bullish enough, here's some PHENOMENAL NEWS FOR SILVER INVESTORS...by Stewart Thomson of Graceland UpdatesJan 29, 2019 The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day.With that now out of the way, gold is already staging more upside action!A bullish upside channel breakout is in...Read More
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Longitudinal representation of the Triple R uranium deposit. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., is advancing the Triple R deposit at its Patterson Lake South property to the feasibility stage. Twenty-eight geotechnical holes are to be drilled as part of the resource development phase of work. Work is to begin the first week of February.Fission laid out its pro...Read More
Serial mine builder and financier Stephen Roman cut his teeth working for Denison Mines (TSX: DML), the uranium company built by his father.After starting there as a miner at the age of 19, he spent the next 25 years at the uranium producer before striking out on his own in 1990-1991.Roman went on to build several mines in the gold space, the most recent, Harte Gold's (TSX: HRT; US-OTC: HRTFF)...Read More
RAPAPORT... Mouawad has manufactured a 54.21-carat polished yellowstone, which, it claims, is the largest of its shape and color the Gemological Institute of America (GIA) has ever graded. The company named the round brilliant-cut, fancy-vivid-yellowstone the Mouawad Dragon, as its color is reminiscent of a "dragon's magicalpowers and fiery eyes," it said Monday. The rough stone was found in...Read More
RAPAPORT... Revenue from jewelry and watches at LVMH Mo?<
RAPAPORT... Stornoway Diamond Corporation has promoted Patrick S?(C)vigny tovice president of operations with immediate effect, the company said Monday. S?(C)vigny has been with the Canada-based miner since 2015 asmanager of mining operations at its Renard asset. He played a key role in thelaunch of open-pit and underground operations at the mine. "Patrick is recognized for his ability to ov...Read More
(IDEX Online) - ALROSA has expanded its long-term customer list in 2019 within its 2018-2020 three-year contract period. Six customers who, from the beginning of 2018, were ALROSA ALLIANCE participants and candidates for the possible signing of long-term agreements obtained long-term customer status. Chow Sang Sang Jewelery (China), Kapu Gems (India), Mohit Diamonds (India), VD Global (Indi...Read More
(IDEX Online) - Lucara Diamond Corp. has recovered a 240-carat, top-white gem diamond from its 100% owned Karowe Diamond Mine located in Botswana. This diamond will be shown alongside the 127 carat, top white gem diamond reported earlier this year together with other exceptional diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7. Since mini...Read More
(IDEX Online) - ALROSA will receive the Diamonds Do Good Community Stewardship Award while the Luxury Jewelers Resource Group will receive the Diamonds Do Good Community Building Award, the Diamond Empowerment Fund has announced. The awards will be presented at the Venetian Hotel in Las Vegas on May 30. ALROSA: Diamonds Do Good Community Stewardship Award The world's leading diamond mining...Read More