You know the expression: "Get in, strap down, shut up, hang on!" For the agonizing narrow road upon which Gold has been slowly trudging these recent weeks is due to suddenly widen into a superhighway. And there's no week like this new week for it to happen. But here's the key question: in which direction? Up or down? Doubtless in a week's time we shan't find Gold where it settled yesterday (Friday...Read More
Since February 8th when the Dow Jones broke below its -10% BEV line in the chart below, it's been building a pennant formation. I don't know how significant it will be when the BEV plot breaks above or below the pennant, as technical analysis in today's "regulated" markets isn't what it used to be. However, I'm still short term bullish, expecting more BEV Zeros in the Dow Jones' BEV chart before t...Read More
Gold closed the week at $1312 but has downside risk to $1290-$1300 with strong support at $1265. Gold Stocks have already discounted this weakness in Gold and could reach an oversold extreme over the next week or two. Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which...Read More
I have written many times about the deep corruption among the political class. The way they have always taken bribes is through their families. I have Continue...Read More
Following in the footsteps of Facebook and Google's, Twitter is now planning to ban advertisements for cryptocurrencies and ICOsContinue...Read More
Nearly a month after Reuters reported that Liu He - a Harvard-educated senior government bureaucrat and longtime friend of Xi - had become the frontrunner to replace Continue...Read More
RAPAPORT... India's polished-diamond exports grew slightly inFebruary, according to data from the nation's Gem & Jewellery ExportPromotion Council (GJEPC). Polished exports increased 0.5% year on year to $2.43 billionand, by volume, fell 6% to 3.1 million carats. The average price rose 6% to $791per carat. Polished imports dropped 12% year on year to $158.3 million,while net polished expo...Read More
RAPAPORT... De Beers and Mountain Province have signed a non-bindingagreement that opens the door to the two miners having shared ownership of the Kennady Diamonds project in Canada.The two companies are currently partners in the Gahcho Ku?(C) mine,with De Beers holding 51% and Mountain Province owning the remaining 49%. Thememorandum of understanding (MoU) recognizes the possibility for Moun...Read More
RAPAPORT...Alrosa's revenue and profit fell in 2017, due to a shift to lower-value rough-diamond sales, and a weaker dollar. Revenue for the year declined 14% to $4.68 billion (RUB269.71 billion), while profit slipped 41% to $1.36 billion (RUB 78.62 billion), the miner said last week.The company's diamond sales plunged 16% to $4.31 billion (RUB 248.31 billion).The miner derived its remaining reven...Read More
RAPAPORT... Tiffany's sales rose 9% to $1.33 billion in the fourth fiscal quarter, as Asian and US demand strengthened. Sales jumped 13% year on year to $320 million in the Asia-Pacificregion for the three months ending January 31, while revenue in the Americas increased5% to $619 million, the company said Friday. However, worldwide comparable-store sales - those atbranches open for at least...Read More
Lucky Friday workers together with their families and union leaders marched on Saturday in Mullan, Idaho, to commemorate the one-year anniversary of the strike they initiated on March 13, 2017, to push for better labour standards.Lucky Friday, owned by Hecla Mining Company (NYSE: HL), is Idaho Silver Valley's largest underground silver mine. It began operating in 1942 and is expected to have anoth...Read More
January profits from Egypt's sole gold-exporting mine are making headlines in the country.According to local media, the Sukari gold mine, which is owned in equal parts by Jersey-based Centamin (TSX:CEE) (LON:CEY)and the Egyptian Mineral Resource Authority, provided $14.4 million in revenues to the latter during the first month of 2018.Citing Centamin's Chairman of Mineral Exploration and Mining, Y...Read More
The U.S. Environmental Protection Agency sent a letter to the Michigan Department of Environmental Quality saying it was objecting to the state's wetlands permit for the Back Forty open-pit mine, located in the southern part of Michigan's Upper Peninsula along the Menominee River.The zinc, copper and gold project is being proposed by Toronto-based Aquila Resources (TSX: AQA) and it contemplates mi...Read More
Portugal's secretary of state for energy, Jorge Seguro Sanches wants to re-energise the country's push to be a central part of Europe's future EV battery and auto-manufacturing supply chain and believes an upcoming public tender for 3,600 square kilometres of ground considered prospective for pegmatite and lepidolite lithium can help.Richard Roberts Drilling at the disputed Sepeda lithium property...Read More
Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. With Wealth Research Group, Lior allows readers access into the world of the few who beat the markets consistently for decades...Read More
The slow-motion train wreck of "social credit" systems and the "gamification" of society has moved to the next stage. Now the Chinese government is going to start barring people from flying or riding trains if their social credit score is not up to snuff. China may be the test case for these ideas, but they're already being rolled out in other countries. So what are we going to do about it?Read More
RAPAPORT... India's polished-diamond exports grew slightly inFebruary, according to data from the nation's Gem & Jewellery ExportPromotion Council (GJEPC). Polished exports increased 0.5% year on year to $2.43 billionand, by volume, fell 6% to 3.1 million carats. The average price rose 6% to $791per carat. Polished imports dropped 12% year on year to $158.3 million,while net polished expo...Read More
RAPAPORT... Tiffany's sales jumped 9% in the fourth fiscal quarter, as US and Far East demand strengthened.Global revenue grew to $1.33 billion, the company said Friday. Sales increased 13% year on year to $320 million in the Asia-Pacificregion for the three months ending January 31, while revenue in the Americas climbed 5% to $619 million.However, worldwide comparable-store sales - those atb...Read More
The following is a short video covering physical silver's origin, how it ends up in the device you are currently using to read this, as well into silver bullion stacker's stashes, and more.SD Bullion just released this silver investment video for your viewing pleasure.Check it out below:Including dwindling silver scrap recycling supplies (likely a major reason why now old US 90% silver coins are g...Read More
Via The Startup Societies Foundation“Everything that can be invented has been invented.”– Charles H. Duell, 1899“We will never make a 32 bit operating system.”– Bill Gates, 1989Do these quotes seem silly in retrospect? No doubt. However, there exists seemingly bulletproof wisdom of the ages that recent developments may end up overturning:“Financial advice?...Read More