Jan Nieuwenhuijs, VOIMAThree elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.Physical delivery on the largest gold futures exchange in the world, the COMEX in New York, has reached all time highs this year. In June mor...Read More
The purpose of this update is to celebrate and mark silver's powerful breakout from a giant base pattern that started to form as far back as 2013 - 2014, a breakout which has only happened during the past 2 days, yesterday and today, with today's advance finally seeing it break clear above the resistance at the upper limits of the base pattern. While this doesn't mean it can't drop back again it...Read More
By: Gary SavageGold has left behind the resistance zone from 2011, we will likely see all-time highs acting as a magnet pulling the price higher: https://blog.smartmoneytrackerpremium.com/Read More
McAlinden Research examines the investment opportunity afforded by copper in the evolving pandemic and post-pandemic economy. The coronavirus has disrupted copper mines and delayed new builds, throttling current and future supply. Meanwhile, demand is bouncing back as the world's biggest consumers of copper reboot their economies. Stimulus packages being unleashed across the world also promise to...Read More
Blackrock Gold will use the gross proceeds to expand the exploration program at one of its Nevada projects. In a news release, Blackrock Gold Corp. (BRC:TSX.V; BKRRF:OTCMKTS) announced a nonbrokered private placement that includes an investment by Eric Sprott.The private placement is for 10,416,667 units at CA$0.72 per unit for gross proceeds of about CA$7.5 million. Each unit consists of one com...Read More
HighGold Mining announced that it has upsized its drill program to 15,000 meters and added a 3rd drill rig at its Johnson Tract Gold project in Southcentral Alaska. High Gold Johnson TractIn a news release HighGold Mining Inc. (HIGH:TSX.V; HGGOF:OTCQX) announced that it has "increased the scope and budget for the 2020 exploration program at its flagship Johnson Tract Gold project in Southcentral...Read More
Scottie Resources is finding its past-producing mine to be fertile ground for new discoveries. It was in 1989 that Bradley Rourke first traipsed the wilderness of the Golden Triangle located in the cold, sharp-toothed mountains of British Columbia. In the subsequent 30 years, Rourke built a career as a successful real estate, mineral resource and energy investor. But the wild still calls.In his c...Read More
Lion One Metals is exploring the hypothesis that lodes it uncovered "connect to form a possible feeder structure." Gold veining on hole TUDDH500Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that it encountered significant gold mineralization at its Tuvatu project in Fiji through one of its diamond drill holes.Hole TUDDH500 intercepted the mineralization in a network of...Read More
With gold and silver "climbing to the moon," Bob Moriarty of 321gold discusses four juniors. My readers may be shocked to hear that I have been exceptionally busy lately, as the metals seem to be climbing to the moon. Naturally the stories I follow are trying to make hay while the sun shines so I am forced into ganging some of those stories together else I will never catch up. There are probably...Read More
Technical analyst Clive Maund charts the start of the "biggest silver bull market in history." The purpose of this update is to celebrate and mark silver's powerful breakout from a giant base pattern that started to form as far back as 2013-2014, a breakout which has only happened during the past few days, July 21 and July 22, with Wednesday's advance finally seeing it break clear above the resis...Read More
China’s economy grew 3.2 percent in Q2 2020. The expansion was above expectations, but it does not have to sink gold.Last week, China reported that its economy grew 3.2 percent year-on-year in the second quarter of this year, following a 6.8 percent contraction in the previous quarter, as the chart below shows. Importantly, the actual growth rate beat the market expectations of a 2.5 percent...Read More
Last week, we wrote that gold miners flashed an“extremely overbought” signal, which they had only flashed once in the past –almost right at the 2016 top. The GoldMiners Bullish Percent Index recently moved to the highest levelthat it could reach – 100.The only other case when the index was at 100, wasin mid-2016. We marked this situation with a vertical dashedline. Did min...Read More
As the world's economic engine starts to recover from the COVID-19 pandemic, the demand for certain key commodities are a good indicator of the rebound strength.The S&P GSCI Commodity Index (Chart 1) is a collection of24 commodities from all commodity sectors (energy products, industrial metals, agricultural products, livestock products and precious metals). Since 2011, the index has been in a...Read More
Jan Nieuwenhuijs, VOIMAThree elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.Physical delivery on the largest gold futures exchange in the world, the COMEX in New York, has reached all time highs this year. In June mor...Read More
The purpose of this update is to celebrate and mark silver's powerful breakout from a giant base pattern that started to form as far back as 2013 - 2014, a breakout which has only happened during the past 2 days, yesterday and today, with today's advance finally seeing it break clear above the resistance at the upper limits of the base pattern. While this doesn't mean it can't drop back again it...Read More
By: Gary SavageGold has left behind the resistance zone from 2011, we will likely see all-time highs acting as a magnet pulling the price higher: https://blog.smartmoneytrackerpremium.com/Read More
It was a valid and powerful breakout...by Clive Maund of Streetwise ReportsThe purpose of this update is to celebrate and mark silver's powerful breakout from a giant base pattern that started to form as far back as 2013-2014, a breakout which has only happened during the past few days, July 21 and July 22, with Wednesday's advance finally seeing it break clear above the resistance at the upper li...Read More
Market uncertainty continues as global coronavirus cases surpass 15M. Rise in Covid-19 infections disrupting efforts to reopen businesses in major diamond trading and cutting centers. Many Surat manufacturing units shut until end of July. US-China tensions fueling caution. Low expectations for next week's De Beers and Alrosa sales. Miners holding substantial rough inventory. Petra FY revenue -36%...Read More
RAPAPORT... De Beers will allow clients to view goods in Antwerp and Dubai at next week's sight, with both the company and its Russian rival Alrosa maintaining their policies of enabling 100% deferrals.The two largest miners are continuing to offer flexibility to rough-diamond buyers amid weak polished demand and the partial shutdown of India's manufacturing sector. De Beers' July sight and A...Read More
RAPAPORT... A twin-stone diamond ring sold for $9.3 million at Christie's Geneva Magnificent Jewels sale after "spirited bidding" from several participants competing via telephone, the auction house reported.The piece, created by designer Reza, features a pear modified brilliant-cut, 5.34 carat, fancy-vivid-blue, internally flawless diamond, and a pear brilliant-cut, 5.37-carat, D-color, inte...Read More