Gold stocks have to do more to confirm they are in a new bull market.Sure, they've surged above key moving average resistance and breadth has improved.Continue...Read More
Denis discusses the last bull market, a lot of money was spent in exploration, but few discoveries were found. Peak gold is, therefore, becoming an issue. As an industry, the ounces that have been mined are on the decline. Companies are amalgamating to obtain additional discovery potential. The smart money in the mining industry is still waiting on the sidelines.Time Stamp References:1:20 - Peak g...Read More
Company is working in district that has 250 years of silver and gold production. Goldplay Exploration Ltd. (GPLY:TSX.V; GLYXF:OTCQB), a Canada-based company that has been focused on exploring its properties in Mexico, has released its maiden resource estimate at its flagship San Marcial project in the Rosario Mining District in Sinaloa. "The maiden resource was completed by an independent qualifi...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up Larry Parks of the Foundation of the Advancement of Monetary Education joins me for an eye-opening discussion on our nation’s growing monetary problems and what you can do to help in the vital cause of bringing gold back into the nation’s consciousness. Larry also talks about the massive dangers our nati...Read More
Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold business"Who on earth, or in global finance, will buy this looming mountain of Treasuries?""Investment in gold now is insurance. It's not for short-term gain, but for long-term protection. I view gold as the primary global currency. It is the only currency, along with silver, that does not re...Read More
StrengthsThe best performing metal this week was palladium, up 3.63 percent as hedge funds boosted the net-long position to the most bullish in five weeks, CFTC data showed for early January. Gold traders and analysts remain bullish on the yellow metal for the 13th straight week, even as gold fell on a stronger dollar and weaker demand from Asia during Lunar New Year, according to the weekly Blo...Read More
By: David HaggithAs happened with the first housing market crash that began in 2007 but didn't become widely recognized until mid-2008, the present housing crisis began exploding one story at a time last summer, and this blog was perhaps the first to state that summer's change was the turning point from decades of ascent into a collapse in housing sales and prices. I said the same thing back in...Read More
By: Keith Weiner, Monetary MetalsLast week, in part I of this essay, we discussed why a central planner cannot know the right interest rate. Central planner's macroeconomic aggregate measures like GDP are blind to the problem of capital consumption, including especially capital consumption caused by the central plan itself. GDP has an intrinsic bias towards consumption, and makes no distincti...Read More
The rally that powered stocks to record January gains went flat last week, but for a bullish reason: sustainability. DaBoyz are in no rush to foster the illusion that new record highs are possible. Accordingly, they have adopted a go-slow approach that the news media and investors can literally buy into. Keep in mind that if the Masters of the Universe are very successful in keeping this decepti...Read More
Full Article: FED CRUMPLES - and SEALS THE DOLLAR'S FATE..By: Clive MaundThe Fed didn't just fold on Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use that as solid justification for a U-turn, instead of which...Read More
There has been a fundamental shift in central banks' behavior with respect to gold over the past decade. The 2008 financial crisis led central banks to re-evaluate the relevance and importance of gold on their balance sheets. Check out the sudden change in sentiment that occurred in 2009, as central banks shifted from being net sellers to net buyers for the first time in 20 years.While central ban...Read More
RAPAPORT... Switzerland's G? 1/4 belin Gem Lab has launched a blockchain forcolored gemstones, which, it claims, will enable source verification throughoutthe entire supply chain. The digital ledger is now open to industry members wishingto place their gemstones on the platform, the Lucerne-based institute saidafter unveiling it at the AGTA GemFair Tucson show last week. The blockchain will recor...Read More
RAPAPORT... Zimbabwe Consolidated Diamond Company (ZCDC) expects a 46% jumpin its rough-diamond production in 2019. The nation's rough-diamond output will reach 4.1 millioncarats this year, up from 2.8 million last year, the miner told RapaportNews last week. In 2017, the company produced 1.8 million carats. Prices ofrough should also increase as the state-owned miner implements a new diamond...Read More
RAPAPORT... The lab-grown-diamond sector is enjoying a spike in awareness among US consumers and is starting to make headway into the engagement-ring market, according to a report commissioned by the International Grown Diamond Association (IGDA) and carried out by MVI Marketing. "Over the last two years, the anecdotal feedback from IGDA members has been that the bridal category is where they...Read More
RAPAPORT... The US saw a 4% decline in polished-diamond imports inNovember, according to data from the US Census Bureau. The average price fell9%, outweighing a 5% increase in volume. Trade figures were still positive forthe January-to-November period, with a 7% jump in total import value,reflecting a similar rise in the price per carat.US Diamond Trade Data for November 2018 Millions unles...Read More
Aim-listed BlueRock Diamonds has raised £575 000 before expenses through the issue of 191.67-million shares at a price of 0.3p a share. The funds will be used to continue the development of the Kareevlei mine, in the Kimberley region of South Africa.AdvertisementThe recent recovery of large, high-quality gem diamonds has encouraged the company to look at ways to fast-track its productio...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesIts Ministro Hales, Gabriela Mistral and Radomiro Tomic divisions were also back to normal, and it starting to repair the public road linking Calama with Chuquicamata, Codelco said yesterday."Thanks to the measures adopted and the existing protocols, during the emergency no injured workers have been registered," the company said.Alderan u...Read More
Chinas return to the market after a week-long break for Lunar New Year has not brought with it a rush to restock and that has led to some disappointed selling across the base metals traded on the London Metal Exchange, with the complex down by an average of 0.9% this morning, Monday February 11. The three-month zinc price led the decline with a 2% drop, while the three-month tin price was do...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.Tapestry (TPR $33.86) is expected to open lower after MKM Partners lowered its target price to $52 from $63.Applied Materials (AMAT $39.78) is expected to open lower after Stifel Nicolaus lowered its target price to $53 from $63.Cameco (CCO $16.39 Cdn) is expected to open higher after rep...Read More
A show-stopping collection of minerals valued at $3.2 million has been donated to the Mines Geology Museum. The 27 specimens - remarkable for their pristine condition, color and crystal form - come from the personal collection of Eric Long, an oil and gas industry veteran based in Austin. "A donation of this caliber truly elevates the quality of our exhibits and also heightens the experience f...Read More