LETTER TO THE EDITORDear Mr. Kosares,I have read your articles with great interest and pleasure. I believe we are in a corner which is far from the mainstream. In reference to buying gold as protection, I also read stories like "sell-cryptos-buy-gold," but it is never told what will happen when there is indeed hyperinflation.It is said that the gold price can rise many fold. But if this happen...Read More
In our second GoldNomics podcast, we take a look at one of the important financial questions of our day - is this the greatest stock market bubble in history?Listen below:GoldCore CEO Stephen Flood and GoldCore's Research Director and world renowned precious metals commentator Mark O'Byrne in conversation with Dave Russell discuss why U.S. stock markets appear overvalued and are likely in...Read More
DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical Intelligence Unfortunately, as we demonstrated in Part 1 and further demonstrate below, the underlying Economic Reality was and still is that the Economy is not healthy and not recovering which is obvious when one looks at the Rea...Read More
By Steve St. AngeloWhile the gold mining industry reports energy as only 15-20% of its total production costs, the total amount consumed by the industry is much higher. The market underestimates the amount of energy consumed by the gold mining industry because of the way it is listed in their financial statements. Thus, it takes a great deal more energy to produce gold than the market realiz...Read More
By Graham SummersLove it, or hate it, the $USD is the reserve currency of the world. So what happens to it is of MASSIVE import to the rest of the financial system.With that in mind, take a look at the below chart.This is looking more and more like a "false breakout." False breakouts are dangerous developments because they usually lead to violent drops.In this case, the above chart suggests the...Read More
In our second GoldNomics podcast, we take a look at one of the important financial questions of our day - is this the greatest stock market bubble in history?Listen on iTunes, SoundCloud and BlubrryWatch on YouTube belowGoldCore CEO Stephen Flood and GoldCore's Research Director and world renowned precious metals commentator Mark O'Byrne in conversation with Dave Russell discuss why...Read More
VANCOUVER, B.C., Jan. 25, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (GRG.V) (FSE:GAC) (GARWF) ("Golden Arrow" or the "Company")2017 was a significant year for Golden Arrow Resources Corporation as management moved to establish two value streams for the Company.Golden Arrow's production income from the integration and production start?EUR'up, within the next six months, of the...Read More
After what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone wondering if this is the beginning of the long-awaited epic run, or just a head fake preceding yet another grinding, protracted, soul-sucking decline. The following chart has a couple of technical indicators that, if history still matters, shed some...Read More
In morning trade on Thursday, gold jumped to its best level since August 2016 touching a high of $1,365.40 an ounce after comments from US Treasury Secretary Steven Mnuchin at the World Economic Forum in Davos Switzerland sent the dollar lower.But the metal reversed course in the afternoon after US President Donald Trump told CNBC that Mnuchin's comments had been misinterpreted:"The dollar is g...Read More
Deliberate weakness of the US dollar by the Americans resulted in all metals and energies zooming. The Trump administration wants a weaker US dollar. As a gold bull, I hope that other central banks also jump into the bandwagon of weakening their currencies and we start a central bank currency war. If this happens gold will easily rise to $1961.80 before the end of the year. Manipulating currency...Read More
Update on Commencement of Drill ProgramVancouver, British Columbia--(Newsfile Corp. - January 25, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZOF) (FSE: RH33) ("Zinc One" or the "Company") has received additional results from an ongoing surface-sampling program at its Bongar? Zinc Mine Project in north-central Peru.Highlights from the program include a surface channel sample (C-011-17)...Read More
After falling 30% through the end of 2016, silver is posed for a significant breakthrough in 2018.So significant, in fact, that we think the price of silver could skyrocket more than 1,300% from current prices…We've already seen the silver price rally start. In the last five weeks, the price of silver has risen nearly 9%, indicating the metal could be on the verge of a breakout.Money Morning...Read More
Base metals prices on the London Metal Exchange were on divergent paths at the close on Thursday January 25, with the weak dollar still the key supportive factor. The dollar index continued to crumble further; it is now down 13% since the turn of the year and hit a low of 88.43 today. "For the time being, it seems that commodity markets want to push higher, with a weaker dollar being a formidable...Read More
Both buyers and producers were in wait-and-see mode in the export market for CIS-origin pig iron during the week ended Thursday January 25, due to uncertainty about further price changes."After [the price of] scrap dropped by $20 per tonne, big buyers have been asking if a lower price for pig iron is on the horizon and have adopted a wait-and-see attitude," a trader told Metal Bulletin.Smaller buy...Read More
Rio Tinto is in preliminary talks to sell its stake in the Grasberg mine to the Indonesian government, according to the chief executive officer of Freeport-McMoRan.The US company, which operates the Grasberg mine through its 90.64%-owned PT Freeport Indonesia (PT-FI) subsidiary, is providing information to assist the sale process but has no control over its outcome, Richard Adkerson said. "The Ind...Read More
Turkish steel mills went quiet again in the deep-sea scrap markets on Thursday January 25, but are expected to book more cargoes soon, according to market sources.The mills in the country took time out for a short break for price negotiations at the beginning of the week and returned to the market for a Baltic Sea cargo sold at $354 per tonne cfr for HMS 1&2...Read More
The latest metal markets news and price moves to start the North American day on Thursday January 25.Base metals prices on the London Metal Exchange were little changed during morning trading, while most metals held on to Wednesday's rally.The weak dollar remains a key supporting factor for base metals prices. It fell to a low of 88.81 this morning, its lowest since 2014.Here is how the LME base m...Read More
Good morning from Metal Bulletin's offices in Shanghai as we bring you the latest news and pricing stories on Thursday January 25.Base metals prices on the Shanghai Futures Exchange were stronger across the board during Asian morning trading on Thursday, with nickel leading the gains amid weakness in the dollar and firm demand.Check Metal Bulletin's live futures report here.LME snapshot at 01.51am...Read More
Dealers gaining confidence, with firm pricesand steady demand expected in 1Q. Far East orders slowing as jewelers complete ChineseNew Year preparations. Shortages supporting prices. Robust rough market duringDe Beers sight as cutters increase production. Fewer independent US jewelers -4%to 26,031 in 2017. Michael Hill closing US stores as 1H global sales +5% to$273M. Forevermark holiday sales volu...Read More
(IDEX Online) - De Beers reported a five percent rise in rough diamond production for the fourth quarter of 2017 to 8.1 million carats, reflecting stronger trading conditions as well as the contribution from the ramp-up of the Gahcho Ku?(C) mine in Canada. In Botswana, production increased marginally to 5.5 million carats. Orapa's production increased 14 percent, mainly due to planned incre...Read More