The explorer and developer intends to accelerate the schedule by one month. Victoria Gold Corp. (VIT:TSX.V) announced in a news release that construction of its Eagle gold mine is 75% complete after 1.2 million hours of work were put into it. The company is currently focusing on the mine starter pit along with the crushing, heap-leach and gold recovery facilities. "We are rapidly turning our att...Read More
The company commissioned the study as part of its independent third-party validation program. An independent study of Enviroleach Technologies Inc.'s (ETI:CSE; EVLLF:OTCQB) extracting formulas achieved gold recoveries of over 93%, announced the company in a February 20 news release.EnviroLeach Technologies commissioned the study to AuTec a respected full-service metallurgical testing lab and pilo...Read More
Barrick wants to buy Newmont. Trump wants a deal with China. Palladium wants to fly into space. And what does gold want?Will Barrick and Newmont Create Gold Monster?Do you remember our January 24, 2019 edition of the Gold News Monitor? We analyzed in that report the historic transaction in the bullion industry, i.e. the Newmont Mining’s purchase of Goldcorp, which will create the world&rsquo...Read More
TheGreen New Deal is silly and not worth our attention. It implies we can haveanything we want if the Federal Reserve extends credit.Letme blow your hair back for a second.Thetwo biggest US stock market rallies (in the 1920s and in 1990) occurred whenthe budget deficit was disappearing or had disappeared.CalvinCoolidge led the US through most of the Roaring Twenties. And he is perhaps thesecond-le...Read More
The Gold suppression game appears finally tobe coming to an end. A Perfect Storm ishitting the Gold market, with an internal factor (QE), an external factor (SGE),and a systemic factor (Basel). These factors can be identified, each verypowerful, each with a very new recent twist to alter the landscape. Allthree forces are positive in releasing Gold from the corrupt clutches of theAnglo-American ba...Read More
Salesof the Silver American Eagles are off to stronger start this year, and the U.S.Mint has once again been caught flat-footed. Dealers received the followingstatement from the Mint last Thursday:This is to inform youthat we have temporarily sold out of our inventories of 2019-dated AmericanEagle Silver Bullion Coins. In addition, all remaining 2018-dated inventorieshave been sold too.The West Po...Read More
By: Stefan GleasonMore than a decade after the 2008 financial crisis, U.S. monetary policy continues to operate in crisis management mode.Despite a long, drawn out rate-hiking campaign - now paused - the Federal Reserve has yet to bring its benchmark interest rate up to normal levels historically.It has yet to unwind the vast majority of the nearly $4 trillion in emergency asset purchases added...Read More
1. The biggest driver of major markets right now is the possibility of a US-China trade deal.2. On that note, please click here now. The US government's wild launch of tariff taxes caused global markets to swoon in the first half of 2018. Gold and the Chinese stock market were hurt more than a lot of other markets.3. Gold has done well with QE, QT, falling rates, and rising...Read More
By: Dave KranzlerI don't know if it was the intent of the Fed, but Jerome Powell has managed to trigger a rush into stocks more frenzied than the one that engulfed the last days of the dot.com/techbubble. The vertical ascent since Christmas in the Dow/SPX is unprecedented on a percentage basis over an 8-week period of time. All sense of logic, sound analysis and fear of risk has disappeared. I d...Read More
Dear Friend of GATA and Gold:Financial letter writer Mark Hulbert never offers a good word about gold, which is fine, but then never offers a relevant one either. This practice has turned him into a mere propagandist.In his essay today at MarketWatch, headlined "Why Gold Won't Save Your Portfolio from Inflation's Bite" --https://www.marketwatch.com/story/why-gold-wont-save-your-portfolio-from......Read More
In my last article, "The Bears Have it Right: Economy went Polar Opposite of Bullish Predictions," I laid out my first prediction for 2019 a recession by summer. I don't want the following revelations and facts that I have since come across to get lost in comments I recently posted to that article, so I'm bringing them all together here.How bad was 2018?The Wall Street Journal just said it wa...Read More
Gold Resource Corporation (NYSE American: GORO) (the "Company") updated its annual reserve estimates as of December 31, 2018, increasing its proven and probable reserve tonnes at both its Oaxaca Mining Unit and Nevada Mining Unit by a combined total of 18% gold ounces and 14% silver ounces. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oa...Read More
By: IRA EPSTEINGold Price action consolidating in narrowing ranges. 18 day average is key (~1322.70$)Read More
The recent plunge in Heinz-Kraft shares reminds us that even Warren Buffett can make a mistake. A couple of years ago, it might have seemed as though the Sage's portfolio was impervious to downturns, given its heavy focus on the basics: food chain, railroads and insurance companies. As it happens, his bet on such time-tested brands as Oscar Mayer, Jell-o, Kraft Singles, Kool Whip and Cheez-Whiz...Read More
The correction in industrial metals was a case of "buy the rumour and sell the fact". The rumour was a trade deal between USA-China. Now that the trade deal is more or less a done deal, there was profit booking. There can be more corrections in industrial metals and thereafter a period of consolidation. The next big move will be next week around the release of various US jobs numbers. Once detai...Read More
TraderStef shares interesting history about the Mint, and she also explains the factors causing the current shortage of American Silver Eagle bullion coins...by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef's website) Imagine if the U.S. Mint temporarily or permanently closed the doors of one of its remaining branches due to unexpected circumstances, rather t...Read More
RAPAPORT... The Swiss Gemmological Institute (SSEF) has launched aservice for linking polished gemstones to their original rough, it saidTuesday. GemTrack creates a fingerprint that documents the stone'sjourney from mine to market, based on analyses of the stone's crystallographic,structural, chemical and microscopic features. "Given the growing demand for provenance and traceability inour i...Read More
RAPAPORT... The Women's Jewelry Association (WJA) has appointedJacqueline Cassaway, the vice president of merchandising for Starboard CruiseServices, as president-elect. Jenny Luker will remain president and Sara Yood will continue as treasurer.Corporate secretary Rebecca Moskal, vice president of chapter affairs LaurenThompson and past president Brandee Dallow will also stay in their roles....Read More
RAPAPORT... De Beers will combine its mining ventures in South Africaand Canada to streamline operational management and increase sustainability, itsaid Monday. The new business, De Beers Group Managed Operations, willoversee the Venetia and Gahcho Ku?(C) mines, as well as the De Beers Marineproject. The consolidation comes after the closure of the Snap Lake andVoorspoed deposits, as well as...Read More
RAPAPORT... De Beers claims it doesn't need to disclose treatments to its lab-grown diamonds, placing itself at odds with many synthetics traders pushing for full transparency in the sector.The company's synthetics brand, Lightbox, applies post-growth enhancements to its colored lab-grown diamonds, it confirmed with Rapaport News. However, it doesn't need to tell consumers, because...Read More