YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM25 July 2020 -- SaturdayThe gold price traded quietly and unevenly sideways until around noon China Standard Time on their Friday. It was sold down to its low tick of the day by shortly after 1:30 p.m. CST -- and its subsequent rally was capped just minutes after 9 a.m. in London. From that point it was sold lower until around 11:45 a.m. BST....Read More

Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeek Ticker- TSX; EDV.TO, OTC; EDVMF52-Week Range; CAD $15.68-$36.62, US $11.02-$27.60Shares Out; 163.077m sharesEndeavour Mining is a West African focused gold producer. Following a recent acquisition, it is now the leading West African producer with an excellent stable of assets and run by a very capable management team. The company recen...Read More

There's even the possibility of silver going as high as $300 in the near future...Keith Neumeyer interviewed by Josh Sigurdson of World Alternative MediaJosh Sigurdson talks with Keith Neumeyer about the rise of silver and the potential for the precious metal to reach more than $100 an ounce! There's even the possibility of silver going as high as $300 in the near future simply based on the gold/s...Read More

RAPAPORT... Luk Fook's sales plunged 71% in the first fiscal quarter as the coronavirus continued to reduce foot traffic and tourism.Total same-store sales - at Luk Fook outlets open for more than a year - in Hong Kong and Macau dropped 76% in the three months ending June 30, the company said last week. Same-store sales of gold priced by weight slid 72%, while purchases of fixed-price jewelry...Read More

RAPAPORT... Petra Diamonds' full-year sales dropped to their lowest level in almost a decade as the coronavirus aggravated an already weak rough market.Revenue fell 36% to $295.8 million in the fiscal year ending June 30, reflecting sluggish rough prices between July 2019 and February 2020 and a significant downturn during this year's Covid-19 pandemic, the company explained. Sales volume dec...Read More

RAPAPORT... The Diamond Development Initiative (DDI), which has worked to improve conditions for small-scale diamond miners for more than a decade, has merged with Resolve, an organization engaged in tackling social, health and environmental challenges.DDI will become a division within Resolve, called DDI@Resolve, with DDI executive director Ian Rowe serving as its director. DDI chairman and...Read More

(IDEX Online) - De Beers is embarking on a huge modernization program that will affect all aspects of the business, CEO Bruce Cleaver said in a letter to staff.The move, in response to the COVID-19 pandemic, will include reviewing the way it sells rough stones, according to a report on the Bloomberg news website.It raises the possibility that the company's long-held tradition of holding Sight...Read More

(IDEX Online)- Troubled Petra Diamonds has blamed the coronavirus pandemic for a 36 per cent drop in sales.The UK-listed miner is currently seeking a buyer as it faces mounting debts and says it's been dealt a significant extra blow by the combination of COVD-19, an already weak market and a series of power cuts affecting its mines in South Africa."The unprecedented impact of COVID-19 has sig...Read More

It's a sign of the remarkable times we're living through that a monthly drop in watch and jewelry sales of "only" 29.9 per cent sounds like good news.The year-on-year figure for May follows a devastating decline of 51.6 per cent* last month, and as such it hopefully indicates that recovery has begun and the worst of the coronavirus crisis is behind us.  Lockdowns have been eased, st...Read More

RAPAPORT... Luk Fook's sales plunged 71% in the first fiscal quarter as the coronavirus continued to reduce foot traffic and tourism.Total same-store sales - at Luk Fook outlets open for more than a year - in Hong Kong and Macau dropped 76% in the three months ending June 30, the company said last week. Same-store sales of gold priced by weight slid 72%, while purchases of fixed-price jewelry...Read More

RAPAPORT... Petra Diamonds' full-year sales dropped to their lowest level in almost a decade as the coronavirus aggravated an already weak rough market.Revenue fell 36% to $295.8 million in the fiscal year ending June 30, reflecting sluggish rough prices between July 2019 and February 2020 and a significant downturn during this year's Covid-19 pandemic, the company explained. Sales volume dec...Read More

RAPAPORT... The Diamond Development Initiative (DDI), which has worked to improve conditions for small-scale diamond miners for more than a decade, has merged with Resolve, an organization engaged in tackling social, health and environmental challenges.DDI will become a division within Resolve, called DDI@Resolve, with DDI executive director Ian Rowe serving as its director. DDI chairman and...Read More

European leaders stroke a historic deal that could be a game-changer and provide a support for the euro and gold against the U.S. dollar.Historic deal. Pivotal moment for Europe. On Monday, the EU leaders agreed on a massive economic stimulus plan, after a long and crotchety summit. If passed through the European Parliament and ratified by all EU states, the European Commission could borrow 750 bi...Read More

European leaders stroke a historic deal that could be a game-changer and provide a support for the euro and gold against the U.S. dollar.Historic deal. Pivotal moment for Europe. On Monday, the EU leaders agreed on a massive economic stimulus plan, after a long and crotchety summit. If passed through the European Parliament and ratified by all EU states, the European Commission could borrow 750 bi...Read More

European leaders stroke a historic deal that could be a game-changer and provide a support for the euro and gold against the U.S. dollar.Historic deal. Pivotal moment for Europe. On Monday, the EU leaders agreed on a massive economic stimulus plan, after a long and crotchety summit. If passed through the European Parliament and ratified by all EU states, the European Commission could borrow 750 bi...Read More

Gold is receiving support from the coronavirus spike, ultra-low interest rates, a weak dollar and other factors.Read full newsRead More

The last greenfield refinery was built in the continental United States was opened 43 years ago when Marathon Petroleum opened its spanking-new 200,000 barrel of oil per day (bopd) plant in Garyville, Louisiana.Read full newsRead More

Will Tesla face a Nickel shortage? Why Elon made a pitch for more Nickel. To help give an insight into Nickel I interview Rodney Hooper from RK Equity. www.p...Read full newsRead More

Three-month base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday July 24, with a continued uptrend in the numbers of Covid-19 cases in the US prompting broad risk-off sentiment across the country's trading hours.Disappointing US manufacturing data added further headwinds.Copper's outright price on the LME was the biggest loser on the day, declining by...Read More

The Chinese domestic alumina price fell on Thursday July 23 in response to plans to resume idled alumina capacities and due to a contracting aluminium price on the Shanghai Futures Exchange. Market sources told Fastmarkets 2.1 million tonnes of idled alumina capacity will restart at the end of July while another 1 million is expected to resume in August. The decision to restart the capacity was ta...Read More