Goldis turning vigorously lower. And not only gold at that. Red, red, everywhere inprecious metals you look. The silent scream we wrote about yesterday broughtserious repercussions. In this article, we devote extraordinary attention tothe short-term picture throughout the PMs complex. Stay tuned as in the comingday(s) we’ll explain here how it affects the long-term charts and the 2012-2013&n...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 205,250126,43175,211192,029300,503472,490502,145 Change from Prior Reporting Period 2,62211,82115,48136,29730,77454,40058,076 Traders 19867845056283176 Small Speculators LongShortOpen Interest 57,54027,885530,030 4,31964358,719 non reportable positionsCha...Read More
The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more im...Read More
CEO Kenneth Lewis & Chris Waltzek Ph.D. - Download interview -- MP3 fileHighlightsLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!)ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott. CEO of APMEX and founder of ONEGOLD Inc., Kenneth Lewis return...Read More
Last week I was pleased to attend the Prospectors & Developers Association of Canada (PDAC) conference in Toronto. PDAC is one of the largest mining conferences in the world. More than 25,000 people turned out this year, many of them selling equipment services, exhibiting securities and investments, making presentations and much more. As was the case at the BMO Global Metals & Mining Confe...Read More
By: IRA EPSTEINPrecious Metals Update Video: Gold market is having a problem... biased is down as trend is up:Read More
By Avi GilburtWe are often directed to think that the market reacts in the same manner as Newtonian physics. We believe that a news event which accompanies a market move was certainly the "cause" of that market move. But, how often have we seen markets react in the exact opposite manner in which the substance of the news event suggests?While science has moved away from Newtonian physics, stock m...Read More
Face it, this monster could veer wildly in either direction right now, and even an Einstein could not confidently predict which. My heart's desire is to see the S&Ps plunge into the molten pit of hell by summer. The 2313.00 target shown suggests that, at least from a technical standpoint, this is possible. Presumably, the years-overdue collapse would drive out the crooks who have rigged shares...Read More
MOSCOW – Russian State-controlled diamond producer Alrosa said on Friday its 2018 net profit rose 15% to 90.4 billion roubles, as a fall in sales volume was offset by stronger global prices.Though sales volume fell by 8% year-on-year, stronger pricing, particularly in the first half of 2018, meant sales by value increased by 6% to $4.4-billion, Alrosa said.AdvertisementThis helped to lift re...Read More
Aim-listed BlueRock Diamonds on Friday said it was finalising preparations for the move to continuous operations at its Kareevlei diamond mine, in Kimberley, South Africa.The company said that although this was later than had initially been anticipated, it would not have any material impact on the published production guidance of 35 000 t to 45 000 t for the first quarter.AdvertisementBlueRock exp...Read More
GABORONE – Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, aims to keep production at around 24-million carats this year, its managing director said on Friday.Debswana lifted diamond output by 6 percent to a four-year high of 24.1-million carats in 2018, buoyed by strong demand from the United States, China and India....Read More
PERTH (miningweekly.com) – An 83 ct diamond has been recovered from the Mothae kimberlite project, in Lesotho.ASX-listed Lucapa Diamond Company on Friday said that the diamond was the fourth stone measuring larger than 50 ct to be recovered from Mothae to date, and while the 83.9 ct diamond was not considered gem-quality, it continued to underline the large-stone nature of the resource.Adver...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsAlara, which has been active in the Middle East since last decade, said the debt funding was from Doha-headquartered SAMA Global Investment.Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsThe Montana Department of Environmental Quality this week released the draft environmental impact statement, which outlines the final permitting steps required.Read More
Three-month base metals prices on the London Metal Exchange were mixed this morning, Friday March 15, with copper, aluminium and nickel up by an average of 0.6%, while zinc, lead and tin were down by an average 0.6%. Three-month copper was recently quoted at $6,449 per tonne, up by 1% compared with Thursday’s close at $6,385 per tonne. Volume was significantly above average, with 19,661 lots...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Oracle (ORCL $53.05) is expected to open lower after releasing lower than consensus fiscal fourth quarter earnings guidance.Broadcom (AVGO $268.20) is expected to open higher after reporting higher than consensus fiscal first quarter earnings. Adobe (ADBE $267.69) is expected to open low...Read More
Yesterday we documented our personal frustrations with contemporary technology.Today we file a protest against contemporary money.We begin with the "evolution" of United States currency…We refer you to this $10 bank note, dated 1928:In those antique days, a fellow could march into a bank, hand the clerk a slip of paper as illustrated above and demand the denominated amount in gold coin.The s...Read More
You've heard the saying when it comes to trading stocks: buy low and sell high. The same strategy applies to making money buying items in stores. This is called retail arbitrage, and it can make you a small fortune pretty quickly if you know how to do it right.E-commerce revenues are projected to grow to 4.88 trillion US dollars in 2021. If that number sounds high, consider that Amazon is already...Read More
Hooman Vatankhah, a PhD student in civil and environmental engineering at Colorado School of Mines, is the 2019 winner of the American Water Works Association Austin F. McCormack, Jr., Award.Named after a pioneer in membrane treatment and a life member of AWWA, the award recognizes a young professional who has made notable and outstanding contributions in water reliability, water quality, new dire...Read More
Despite centuries of local mining history, the northern Andes remain under-explored by modern standards, and the region stands as one of the favourite destinations of the world's mineral explorers. Here is a look at eight Canadian-based juniors active in Colombia, Ecuador and Peru. LUPAKA GOLDVancouver-based Lupaka Gold (TSXV: LPK; US-OTC: LPKGF) says its priority is advancing to production its In...Read More