RAPAPORT... Alrosa has resumed operations at its International underground mine following a brief suspension after several employees tested positive for Covid-19.Management at the Russian miner's Mirny mining and processing division, which oversees the site, decided to reopen International after the majority of workers tested negative for the virus, Alrosa said Tuesday. A total of 12 employees tes...Read More
RAPAPORT... The International Gemological Institute (IGI) is reopening its New York grading laboratory following a three-month closure amid the coronavirus pandemic."As the metropolitan area has been cleared to enter phase 2, the institute is safely restarting business operations," IGI North America president Avi Levy said Monday. Initially, the institute will implement a gradual rollout, limiting...Read More
While we're getting whiplash day-to-day in the markets, smart investors are using the opportunity to play the long game.A lot of money is pouring into assets that are normally considered strong hedges against inflation.Yes, gold is one. It's now at eight-year highs today and is closing its best quarter in four years.It isn't alone though. Property and forest stocks and funds, inflation-linked lo...Read More
IMF predicts deeper global recession and slower recovery, just as Iexpected. Good news for gold. The June edition of the IMF’s WorldEconomic Outlook Report Update is out! The main message is that theIMF predicts now even a deeper recession than two months ago.As a reminder, in April edition of the WorldEconomic Outlook Report, theIMF projected that the global economy would contract sharply b...Read More
Silver is still near all-time lows in manyways. One of the most significant measures wherein silver is at an all-timelow, is its price relative to the amount of US dollars (US monetary base) inexistence.Below, is a long-term chart of the silverprice relative to the US monetary base: As you can see it is at all-time lows(0.004), but actually even lower, since this chart was done before the massivea...Read More
LONDON, 30 June 2020 - Finance news, views, data and ratings site Trustnet today publishes an exclusive article from BullionVault's director of research Adrian Ash, pointing to a possible surge in demand for - and the price of - silver."While gold has been grabbing the 'safe haven' headlines so far in 2020," writes Adrian, "the world's other once monetary metal has also seen record investment infl...Read More
Managing director Justin Brown told RESOURCEStocks by implementing a staged development plan, E25 was set to become Australia's next manganese producer "in relatively short order".The news flow is also up-tempo, with the mining lease just granted and the company entering an offtake memorandum of understanding this week with miner, trader and smelting company OM Holdings for up to 100% of initial p...Read More
VANCOUVER, BC / ACCESSWIRE / June 29, 2020 / Ximen Mining Corp. (XIM.V)(1XMA.F)(XXMMF) (theRead full newsRead More
The mine project at Greencastle, County Tyrone, was originally submitted by company Dalradian in 2017.Read full newsRead More
Debentureholders voted overwhelmingly in favour of the amendments proposed by the Company.Read full newsRead More
Strengths? The best performing precious metal for the week was gold, up 1.57 percent. Gold is heading toward $1,800 an ounce driven by fear that the resurgence in virus cases will impede the global economic recovery. Gold for August delivery rose to $1,796.10 on the Comex on Monday - the highest level since 2012. The yellow metal saw a third straight weekly gain, which is its longest...Read More
We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bullmarket, which is another way of saying that these currencies are losing purchasing power.Gold in Australian dollars...Gold in Canadian dollars...Gold in Japanese Yen...Gold in Swiss Francs...So we should clearly not allow oursel...Read More
The PM stocks have moved nicely over the past 2 weeks. Many gold investors wanting in on the next big move have been left on the sidelines under invested. It's my view that this has occurred because everyone and his brother has had one eye on the often published gold and silver seasonality chart. This chart is a composite of 40 years of action and shows gold weak until late July and silver...Read More
By: Ira EpsteinCovid waves spooking markets. Gold's monthly, weekly, daily chart, pushing the upper Bollinger bands and the longer the market stays over it, the stronger the bull market is:Read More
Trend is bullish for gold and silver on fears of rapid spread of coronavirus in USA. June month is not yet over. One still needs to watch for some large sellers in gold as a part of the profit booking. Overall it still a buy on sharp dips strategy in gold and silver. This week? On Tuesday US Treasury Secretary Steven Mnuchin will speak about the stimulus and lending facilities to sup...Read More
Strengths? The best performing precious metal for the week was gold, up 1.57 percent. Gold is heading toward $1,800 an ounce driven by fear that the resurgence in virus cases will impede the global economic recovery. Gold for August delivery rose to $1,796.10 on the Comex on Monday - the highest level since 2012. The yellow metal saw a third straight weekly gain, which is its longest...Read More
We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bullmarket, which is another way of saying that these currencies are losing purchasing power.Gold in Australian dollars...Gold in Canadian dollars...Gold in Japanese Yen...Gold in Swiss Francs...So we should clearly not allow oursel...Read More
The PM stocks have moved nicely over the past 2 weeks. Many gold investors wanting in on the next big move have been left on the sidelines under invested. It's my view that this has occurred because everyone and his brother has had one eye on the often published gold and silver seasonality chart. This chart is a composite of 40 years of action and shows gold weak until late July and silver...Read More
By: Ira EpsteinCovid waves spooking markets. Gold's monthly, weekly, daily chart, pushing the upper Bollinger bands and the longer the market stays over it, the stronger the bull market is:Read More
Trend is bullish for gold and silver on fears of rapid spread of coronavirus in USA. June month is not yet over. One still needs to watch for some large sellers in gold as a part of the profit booking. Overall it still a buy on sharp dips strategy in gold and silver. This week? On Tuesday US Treasury Secretary Steven Mnuchin will speak about the stimulus and lending facilities to sup...Read More