The US economy is nowherenear recovering from the lockdown measures imposed by cities and states duringthe covid-19 pandemic, and that is weighing on the US dollar, which has fallensharply since March. The beneficiary, asexpected, has been gold (and silver), which normally moves in the oppositedirection as the greenback. Year to date, spot gold has risen 16% to $1,811/oz,while the US Dollar I...Read More

Stefan Gleason, Money Metals ExchangeSummer doldrums? Not for precious metals markets!In early July, gold and silver each broke out to fresh multi-year highs. The yellow metal is within striking distance of new all-time highs and the headline worthy figure of $2,000/oz.The white metal, meanwhile, has a lot of catching up to do. And as it does, the gains in percentage terms could be explosive.Sil...Read More

Dave KranzlerThe market will always from time-to-time remind us that nothing goes straight up in the stock market. The mining stocks, especially the riskiest juniors, have had huge run since mid-March. The HGNSI (Hulbert Gold Newsletter Sentiment Index) has been a remarkably reliable contrarian signal for mining stocks over the years. Sell/take profits when it moves above 60 and buy with both ha...Read More

By: Jan Nieuwenhuijs, Voima GoldResearch reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented.In my view, the current fiat international monetary system is ending unconventional monetary policy has entered a dead end street and can't reverse. I...Read More

Gary Tanashian, NFTRHThe Continuum (monthly 30yr yield with the 100 month EMA 'limiter') simply states that the economy was weakening, as were inflation expectations, before 2020. In early 2020 we got a real deflationary jolt from which asset markets are still clawing back, with full frontal inflationary support from a Federal Reserve desperate to keep asset owners whole (and further enriched) a...Read More

Here's an update on silver, including the level and time frame that matters the most... by Steve St Angelo of SRSrocco ReportSilver closed Wednesday right on an important KEY LEVEL. For the silver price to continue higher, it needs to break above this level. The last time silver reached this same price was back in early September 2019. And, if silver continues in a positive direction in ear...Read More

Diamond markets quiet amid new wave of coronavirus infections. Demand selective with dealers filling specific orders from US and Chinese jewelers. Midstream inventory reduced as manufacturers limit rough buying. Lucara to sell 10.8 ct.+ rough to HB Group for price based on polished outcome. De Beers 2Q production -54% to 3.5M cts., sales -96% to $56M, 1H prices -21% to $119/ct. Alrosa production -...Read More

RAPAPORT... Alrosa's sales and production slumped to their lowest levels in over a decade in the second quarter amid unprecedented weak demand for rough diamonds during the coronavirus crisis.Rough sales fell 91% year on year to $74.1 million, lower than during the 2009 slowdown, as the miner allowed its contract customers to defer purchases to later in the year. Sales volume dropped 92% to 6...Read More

RAPAPORT... Sales at Richemont's jewelry brands plummeted in the first fiscal quarter as the coronavirus forced the company to shut most of its stores in major markets.Proceeds from the group's jewelry maisons, which include Cartier, Van Cleef & Arpels and Buccellati, dropped 41% to EUR 1.08 billion ($1.24 billion) in the three months ending June 30, the company said Thursday. Sales at wa...Read More

RAPAPORT... The current plight of Petra Diamonds is a frustrating example of the impact Covid-19 has had on the diamond industry, highlighting the lack of readiness for such a downturn.As an important mid-tier diamond miner, the company has annual production of around 3.5 million to 3.8 million carats, but is burdened by high debt from its efforts to extend the life of its operations and maintain...Read More

RAPAPORT... Lucara Diamond Corp. will sell all its rough diamonds over 10.8 carats through a manufacturing partnership with HB Group that will provide the miner with regular income during the market slowdown.HB, founded by Antwerp-based diamantaire Oded Mansori, will purchase any special-size rough produced from Lucara's Karowe mine in Botswana through the end of the year, the mining company...Read More

RAPAPORT...  De Beers' sales and production nosedived in the second quarter as the coronavirus crushed diamond demand throughout the pipeline and forced shutdowns at several mines."Demand for rough diamonds was significantly impacted by a combination of Covid-19 restrictions [affecting] consumer demand and access to southern Africa, as well as severely limited midstream cutting-and-polishing...Read More

(IDEX Online) - The businessman who launched the Cofix chain of no-nonsense coffee shops in Israel is now moving into lab-grown diamonds.Avi Katz has just opened the first X Lab Diamonds store at a mall near Tel Aviv and plans a roll-out to London and Moscow, as well as more locations within Israel.His introduction in 2013 of a fixed five-shekel ($1.50) price for coffee and a range of other drinks...Read More

(IDEX Online) - US rapper Gucci Mane has spent $250,000 having his teeth studded with diamonds.The Hip Hop star, aged 40, already owns a a 35-carat diamond pinky ring, which was a $1m gift from his wife, Keyshia Ka'oir Davis, an Audemars Piguet Royal Oak Baguette watch (also $1m) and Three Amigos platinum chains, valued at $250,000.Now he's been showing off a video of his newly-sparkling...Read More

(IDEX Online) - A memorial to Cecil Rhodes, founder of the De Beers diamond empire, has been beheaded in South Africa.Damage to the statue, at the top of Table Mountain, Cape Town, was discovered on Monday. Nobody has claimed responsibilty for the attackCalls to remove monuments to Rhodes - accused of being a racist, a white supremacist and the father of apartheid - have intensified since the...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesIronRidge shows its mettleSPONSOREDironridge resources Belaunde has a background as a consultant in community negotiation, real estate management, land and legal physic...Read More

Home Builders ETF (XHB) moved above $46.60 extending an intermediate uptrend.Pre-opening Comments for Thursday July 16thU.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade. Weakness was triggered partially by a 4.5% drop by the Shanghai Composite Index to 3,210.10.Index futures were virtually unchanged following release of economic news a...Read More

U.S. firms have been atop the industry pursuing precious metals across the globe. The Northern Miner presents its top-10 list of U.S.-based, mid-tier and junior precious metals companies by market cap as of mid-July.1. Coeur MiningMarket cap: US$1.44 billionSurveyors at Coeur Mining's Rochester gold-silver mine in Nevada. Credit: Coeur Mining.Coeur Mining (NYSE: CDE) is a U.S.-based producer of pr...Read More

Corvus Gold (TSX: KOR; US-OTC: CORVF) has announced a discovery at its Lynnda Strip target, 2.5 km north-northeast of its Mother Lode deposit in Nevada's Greater Bullfrog gold district.The company released assay results for hole CH20-011, which returned 197 metres of 0.44 gram gold per tonne, starting at 264 metres, and includes higher-grade intervals, such as 5 metres of 1.44 grams gold and 44 me...Read More

OceanaGold's (TSX: OGC) Waihi District preliminary economic assessment (PEA) envisions an additional 2.2 million oz. of gold output from the Waihi district between 2021 and 2036.The additional ounces would be sourced from the Marth and Gladstone open pits, as well as from the underground portions of the Martha and Wharekirauponga (WKP) deposits.Based on a growth capital estimate of US$447 million...Read More