UrbanGold Minerals aims to extend into its Pallador-Regnault claims the gold system recently discovered on the adjacent property. UrbanGold Minerals Inc. (UGM:TSX.V) will soon commence a maiden drill program at its Pallador-Regnault project in Quebec's Frotet Gold Belt, the company announced in a news release. The precious metals explorer awarded the contract to Miikan Drilling in Quebec and secu...Read More
Peter Krauth explains why he believes gold is the best COVID insurance policy. Bailouts and stimulus are not the best solution to the Covid pandemic.What is? Possibly…insurance.I know it's far from perfect, but I think it could still be the best overall option.On some level, it's surprising that the role of insurance has gotten so little attention in this crisis.After all, us and future gen...Read More
If we experience the same type of demand next year, we will enter a silver market like never before. While that may sound like hype, the CLUES... by Steve St Angelo of SRSrocco ReportThe Silver Market is just one step away from another MASSIVE BUYING WAVE and is just waiting for the next leg to drop in the global economy and financial system to do so. With silver investment demand to account fo...Read More
Why is the US Mint telling people there is a coin shortage...?!?by Bix Weir of Road to RootaWhen will we ever get the Truth out of our Government and Regulators as it relates to silver and gold? They have been LYING to We the People for over 100 years and it's long past time they TOLD THE TRUTH! We are in the Final days of silver price manipulation after 150 years so hang on for the SILVER MOONSHO...Read More
There's a lot going on in the financial markets right now...Michael Pento interviewed by Chris Marcus of Arcadia EconomicsThere's a lot going on in the financial markets right now, and the well-renownedMichael Pento joined me on the show to share what he's seeing, how he's responding to the election from an investment standpoint, and what he sees for gold and silver in 2021.To find out more, click...Read More
RAPAPORT... Sotheby's will sell five natural-diamond pendants created for De Beers' new ReSet Collective project, with the proceeds going to charity, the auction house said Wednesday.Five jewelry designers created the pieces using natural diamonds from De Beers mines as part of the first collaboration in the ReSet series. Sotheby's will offer the items at its online London Fine Jewels sale, which...Read More
RAPAPORT... Retail sales at US conglomerate Berkshire Hathaway rose 4% year on year to $4.21 billion in the third quarter as business resumed following coronavirus-related lockdowns.The company owns Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, but derives around 65% of its retail revenues from its car dealership, Berkshire Hathaway Automotive. It does not provide specific data for its...Read More
RAPAPORT... Frederick Goldman has appointed Lauren Calmas as general manager of the independent-jeweler channel of its business. Calmas will be responsible for growing the newly created business-to-business (B2B) division for small e-commerce sellers, Frederick Goldman said Monday. She will also be in charge of creating the go-to-market strategy and all marketing and sales activity in the ind...Read More
RAPAPORT... US retail sales rose for the sixth straight month in October as consumers began shopping for the holidays earlier than last year, the National Retail Federation (NRF) noted.Overall retail sales grew 5.7% compared to the same period last year, and 0.3% from the previous month, according to figures the US Census Bureau released Tuesday. The month-on-month figure represents a slight slowd...Read More
(IDEX Online) - A team of jewelers have completed the world's most expensive fully-functioning face mask, set with 210 carats of black and white diamonds. Yvel, the luxury Israeli brand, was commissioned by an anonymous Los Angeles-based businessman and art collector, who was keen to help keep the production center open during difficult times. The COVID-19 mask is made of 250 grams of pure 18...Read More
RAPAPORT... De Beers' November sales cycle garnered $450 million as retail demand in the US and China supported manufacturers' appetite for rough, the company reported Wednesday.The monthly total, covering the period from November 2 to 16, was 13% higher than the equivalent cycle in 2019, but lower than the $467 million the miner grossed at its previous sale in September."Steady demand for De...Read More
(IDEX Online) - The Watches and Wonders Geneva trade show, due to take place next April, has been canceled because of COVID-19 concerns. The show - formerly known as SIHH - will take place as a digital-only events, say organizers, with Richemont's watch labels, Rolex, Patek Philippe, Chopard, Chanel, Hermes and Kering's Ulysse Nardin, plus other brands. It is scheduled for 7 t...Read More
(IDEX Online) - De Beers sold $450m of rough this month as demand remained "steady".Provisional sales figures for Sightholder sales and auctions during an extended Cycle 9 (2 to 16 November) were marginally down on the September/October (Cycle 8) total of $467m. But year-on-year the figure was up from $400m in 2019.De Beers said increasing COVID-19 infections continued to present risks, but it exp...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Under the new agreement Kaz will build part of a port at Cape Nagloynyn in Chaunskaya Bay and finance half of a 428km road leading from the port to the mine site.Read More
The metals were looking robust this morning, Wednesday November 18, and for the most part are managing to drive higher despite concerns about the rapid spread of Covid-19 and some mixed economic data of late.* Asian Pacific equities were mixed this morning, as were major western equity indices on Tuesday...* ...but major western equity indices are weaker this morning, suggesting some concern about...Read More
Lowe's (LOW), an S&P 100 stock moved below $151.37 completing a modified Head & Shoulders pattern. Regeneron (REGN), a NASDAQ 100 stock moved below $533.23 extending an intermediate downtrend.Selected Canadian "gassy" stocks are breaking out. Freehold Royalties moved above $4.70 extending an intermediate uptrend. PrairieSky Royalties moved above $9.82.Pre-opening Comments for Wednesday Nov...Read More
The head of the Brazilian state of Minas Gerais, where Vale's (NYSE: VALE) Brumadinho dam collapsed in January 2019 leaving 270 people dead, has rejected the miner's proposed settlement of around 21 billion reais (US$3.97 billion).Minas Gerais' Secretary General Mateus Simoes told local paper Isto e Dinhero the state opposed both the amount and some of the terms offered by Vale.According to Simoes...Read More
Silver and gold producer Hecla Mining (NYSE: HL) has participated in Dolly Varden Silver's (TSXV: DV; US-OTC: DOLLF) $7-million flow-through private placement to maintain a 10.7% interest in the silver-focused junior.As part of the financing, Hecla acquired a total of 807,846 shares of Dolly Varden, at 89 ? per unit, for gross proceeds of $718,983. This subscription was part of an ancillary rights...Read More
Silver miner Endeavour Silver (TSX: EDR; NYSE: EXK) has expanded the size of its Terronera development project in Jalisco State, Mexico. The property now covers 201.3 sq. km, with the addition of the adjacent La Sanguijuela and Cerro Gordo groups of concessions."These two acquisitions not only expand our property footprint at Terronera, they add multiple new mineralized vein structures with strong...Read More
Kutcho Copper (TSXV: KC; US-OTC: KCCFF) has started work on a feasibility study on its namesake high-grade copper-zinc development project in northwestern British Columbia. The company has hired CSA Global Consultants to lead the study preparation.Kutcho president and chief executive Vince Sorace highlighted the rising copper price, and noted how the developer is well-positioned to take advantage...Read More