Warren Buffett, who has a long history with precious metals (his dad was a goldbug and Buffett himself is alleged to have attempted to corner the silver market in the late 80s), has done an about-face and decided that even Berkshire Hathaway's portfolio needs exposure to the barbarous relic.Berkshire Hathaway added nearly 21 million shares of Barrick Gold. A $560 million investment that's sure to...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index continued its purposeful upward climb and added 21.74 points or 2.1% and closed at 1069.58. The INK CIN is now up over 11.5% in the past 6 weeks.MACD dipped 1.48 to 1.41. RSI remained steady, dropping just 0.16 points to 76.36. It has now been trading elevated above 7...Read More

On August 7, gold in U.S. dollars, notched its all-time nominal highof $2,089 (It's been printing new highs in many other currencies for quiteawhile now.)Silver peaked (so far) at $29.92.After a few days of attempting to scale $30, it gave up the ghost and dropped astunning $4.90 intraday, closing down $3.20.Not satisfied with punishing the bulls during the daysession, silver proceeded to drop ano...Read More

3 (free) ways to ride next big wave in EURUSD, USDJPY, gold, silver and moreHi Reader,We are well into the second half of 2020. Are you on track to meet your 2020 trading goals?Our friends at Elliott Wave International (EWI) can help -- free. For a limited time only, EWI is making 3 FREE resources available to help your trading ($739 total value).There is no catch, and no credit card is required.I...Read More

Sector expert Michael Ballanger runs the numbers on current and future values of gold and silver given current economic conditions."I'd rather be a gold bug then a paper worm." —AnonymousIn late 2019, as I was laying out the framework for the 2020 GGMA Forecast Issue, there was only one four-letter word that kept cropping up and that word was D-E-B-T (actually there were two, but one was wha...Read More

It's a simple math problem. Inflation is much more extreme than most people think...David Morgan interviewed on USA Watchdog by Greg HunterPrecious metals expert and financial writer David Morgan points out that inflation is much more extreme than most people realize. Morgan explains, "If you look at the metrics that we used in 1980 where food and energy, the two things humans need most to survive...Read More

There is not much more the big commercial shorts can do to rig prices lower...by Ted Butler of Butler Research via Silver SeekI hadn't planned on writing about the very sharp selloff that started yesterday (Tuesday) in gold and silver, but can't imagine anything more on investors' minds - mine included. No amount of prior mental foresight fully prepares most for the type of selloff underway -...Read More

RAPAPORT... Jewelry manufacturer Nancy Brewer died in early August, according to a statement by the Gemological Institute of America (GIA), where she had been a board member for 10 years.Brewer was the founder and CEO of jewelry-design company Nancy B. & Co. The firm was acquired by jewelry manufacturer B.A. Ballou in 2005, and is now a division of the Carla Corporation. She served on the...Read More

RAPAPORT... US retail sales recorded their third consecutive increase in July, government data showed, as stores gradually resumed operations and devised ways of serving customers during the pandemic.Revenues of $536 billion for the month were 1.2% higher than in June and 2.7% above July 2019, according to figures the US Census Bureau released Friday. Sales outside of retail locations - such...Read More

RAPAPORT... Lucapa Diamond Company, owner of the Lulo mine in Angola and Mothae in Lesotho, has restructured its debt, allowing it more freedom to focus on navigating the weak diamond market. "The refinancing arrangements will give Lucapa and Mothae more flexibility to navigate the pandemic-affected diamond and investor markets, and the support to continue driving the company's strategy on it...Read More

RAPAPORT... Alrosa has predicted a return to pre-pandemic rough sales levels in October, observing a promising combination of midstream shortages and growing retail demand. Executives made the forecast Friday following the release of the miner's second-quarter results, which showed a heavy slump in profit and revenue as the coronavirus froze the diamond market."There's real demand for rough b...Read More

(IDEX Online) - Alrosa's Q2 profit slumped by 98 per cent, to just $3.6m, as the COVID-19 pandemic saw demand for diamonds all but evaporate.The release of its results came days after the Russian state-owned miner, and the world's biggest producer of diamonds by volume, reported a 79 per cent drop in sales (rough and polished for July were just $35.8m).Despite the disappointing performan...Read More

(IDEX Online) - Jaeger-LeCoultre has released two new high-jewelry watches featuring its iconic Calibre 101 - still the world's smallest mechanical movement after more than 90 years. Snowdrop and Bangle are both made of pink gold set with around 20 carats of IF to VVS stones, and both feature the Calibre 101, which measures 14 mm x 4.8 mm, with a thickness of 3.4 mm and weighs barely one...Read More

(IDEX Online) - India's exports of cut and polished diamond fell 39 per cent in July to $918.4m, as the COVID-19 pandemic blighted the industry.And the figure for April to July plunged 46.5 per cent, compared with the same period last year, down to $2.7bn, according to the country's Gems and Jewellery Export Promotion Council.Overall gross exports of gems and jewelry in July were down 38...Read More

President and CEO of the Mining Association of Canada (MAC), Pierre Gratton said the worker inaction stacked on top of other national supply chain disruptions brought about by COVID-19, Indigenous rights demonstrations, and railway strikes late last year lowered the country's competitiveness on the international stage."On the backdrop of massive supply chain disruption, and unprecedented reputatio...Read More

RAPAPORT... US retail sales recorded their third consecutive rise in July, government data showed, as stores gradually resumed operations and devised ways of serving customers during the pandemic.Revenues of $536 billion for the month were 1.2% higher than in June and 2.7% above July 2019, according to figures the US Census Bureau released Friday. Sales outside of retail locations - such as v...Read More

(IDEX Online) - Australian miner Lucapa has restructured $13m of loan repayments after the pandemic saw rough sales plunge by 80 per cent.It said major financiers and shareholders, Equigold, New Azilian, and the Industrial Development Corporation of South Africa had deferred loan repayments from 2020 to 2022 and beyond.Managing director Stephen Wetherall said the amendments reflected an understand...Read More

Aug 18, 2020 Guest(s): Ole Hansen Head of Commodity Strategy, Saxo Bank The gold price is managing to hold on to $2,000 an ounce but after last week's sharp selloff the market could use some consolidation to allow investors to get comfortable with current prices, according to one market analyst.In an interview with Kitco News, Ole Hansen, head of commodity strategy at Saxo Bank, said that he is...Read More

Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More

Berkshire Hathaway's only new purchase in the second quarter was Barrick Gold, which doesn't indicate confidence in a quick economic recovery. Read full newsRead More