StrengthsThe best performing metal this week was platinum, up 5.65 percent, due to stronger retail buying. Gold and silver rose on Friday morning on safe haven buying. U.S.-China relations remain tense and China announced that it will impose new security laws on Hong Kong. Palladium rose the most since March, holding above $2,000 an ounce on Monday, due to renewed optimism about China's economy...Read More
Keith Weiner, Monetary MetalsThe price of gold dropped a few bucks this week, but the price of silver jumped about half a buck. The drumbeat for the gold bull market is well underway, and it is beginning now for silver. So let's do a quick update on the supply and demand fundamentals.Here is the graph of the gold basis.The basis has come in quite a bit but it is still 3.6% annualized. We do not...Read More
A recent newspaper article about superspreaders -- stadium events, concerts and outdoor festivals that effectively bathe crowds in Covid-19 -- noted that a boisterous fan can spew viral particles that remain airborne for as long as 12 minutes. There's additional evidence that when we steep in this microscopic spume for a couple of hours as occurs when crowds are densely seated, it increases t...Read More
RAPAPORT... US jewelers have restarted business in many states following a more than two-month shutdown to stem the spread of Covid-19.Signet banner Kay Jewelers has opened nearly 120 stores across the country, while business has resumed at about 100 Jared locations. Some of Signet's stores are open to the public, while purchases at others can only be made online and picked up curbside, the compan...Read More
RAPAPORT... Swiss watch exports plunged in April as coronavirus lockdowns brought the entire supply chain to a near halt."Swiss watch exports were extremely low in April as a direct result of the standstill in production, distribution and sales, causing them to collapse," the Federation of the Swiss Watch Industry reported Tuesday.Shipments slid 81% to CHF 328.8 million ($339.1 million) for t...Read More
(IDEX Online) - Dominion Diamond Mines is to sell its assets to avoid bankruptcy, recall is furloughed workers and resume operations. The troubled Canadian company, which has been in creditor protection since April, has reached an agreement with The Washington Companies, which will acquire its assets for $126m and assume responsibility for most of operating liabilities. The privately held conglome...Read More
(IDEX Online) - Angola's Catoca mine is cutting production after state-owned miner Endiama revised down its 2020 forecast by 80 per cent. The world's fourth largest mine accounts for three-quarters of the country's annual output. Endiama says total output will be just 2m rather than the 10m carats originally forecast. De Beers and Alrosa, jointly responsible for...Read More
(IDEX Online) - The DELGATTO Diamond Finance Fund (DDFF) today (26 May 2020) launches the diamond industry's first ever online finance platform, on IDEX Online.Dealers who have inventory on the IDEX Online trading platform will be able to click on any individual stone or stones and receive an immediate financing estimate from DELGATTO Diamond Finance Fund.This offers the diamond and jewelry i...Read More
Broad markets were stronger this morning, Tuesday May 26, with many Asian-Pacific equity indices up by around 2%, while pre-market major western equities were up by around 1% but metals prices were mixed.Hopes that the reopening of economies will lead to an economic recovery are boosting equities but the United States-China trade dispute is worsening, which is not going to help the global economy...Read More
NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe updated study delivered a 43% increase in undiscounted pre-tax free cashflows to A$1.6 billion, or A$1.2 billion post-tax.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 55 points in pre-opening trade.Bank of Nova Scotia (BNS $51.99 Cdn) is expected to open higher after reporting higher than consensus fiscal second quarter earnings. Merck gained $2.33 to $78.70 after announcing a deal to develop coronavirus vaccines. Autozone added $41.06 to $1164.00 after reporting higher than consens...Read More
We must understand one thing. This is an absolutely all-out major assault upon capitalism being led by the Socialists in union with the Climate Change and the Gates Foundation which has also been pushing the democratization of paper money. This means they are no about to allow any alternative to their agenda. This goes beyond the massive voter fraud we see coming for the 2020 election in the...Read More
Proposal Received for a Pre-Feasibility StudyBased on internal updated resource prices, Copper King's Preliminary Economic Assessment (PEA) has a projection of pre-tax cash flow of $510.54 million, NPV of $321.6 million, and 52% pre-tax annual IRR at $1600/oz. goldELKO, Nevada, May 26, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company") a gold exploration and development company,...Read More
Banyan Gold (TSXV: BYN) president and CEO Tara Christie was juggling the impact of COVID-19 on the industry, and at the same time, began a new role. Like many parents worldwide, the mining executive and multi-generational gold miner began home schooling for her six-year-old daughter during the pandemic."I've had to teach myself phonics," Christie laughed. But while Christie and her daughter Katie...Read More
This episode features Golden Predator Mining CEO Janet Lee-Sheriff in conversation with Northern Miner group publisher Anthony Vaccaro at The Northern Miner Scotch Whisky Tasting event held on Zoom. Janet discusses the history of the Canadian Mint, gold supply, environmentally-friendly ways of mining, and the importance of ESG and ongoing community engagement. She also discusses the latest company...Read More
Talon Metals (TSX: TLO; US-OTC: TLOFF ) has raised $4 million in a non-brokered private placement of more than 40 million common shares at a price of 10 ? a share.The funds will be used to advance its Tamarack nickel-copper-cobalt project in north-central Minnesota, about 89 km west of Duluth ad 210 km north of Minneapolis.Resource Capital Funds participated in the offering, purchasing 21.13 milli...Read More
Focus Graphite (TSXV: FMS; US-OTC: FCSMF) has sold its 50% stake in the Kwyjibo rare earth element deposit to Investissement Qu?(C)bec, a financing corporation that exists to facilitate investment in Quebec, for $7.2 million.The agreement on the project, located 125 km northeast of Sept-??les, was originally signed last month.The other 50% of Kwyjibo is held by SOQUEM, the mineral exploration arm...Read More
Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has walked away from its proposed acquisition of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) and terminated its plan of arrangement for a three-way merger with Gold X Mining (TSXV: GLDX; US-OTC: SSPFX).Gran Colombia had envisioned creating a larger, South America-focused gold producer with operations in Colombia and Guyana and had offered 0.142 of a sha...Read More
Australia's New Century Resources (ASX: NCZ) has confirmed rumours of talks with Vale (NYSE: VALE) to buy the Brazilian miner's nickel and cobalt operations on the Pacific island of New Caledonia.The Melbourne-based zinc producer said on May 26 that it had entered into a 60-day exclusivity period with Vale to complete due diligence and negotiate the acquisition of 95% of Vale Nouvelle Cal?(C)donie...Read More
Play Call of War for free on PC or Mobile: https://callofwar.onelink.me/q5L6/7d3...Receive a Starter Pack only available for the next 30 days!The Pacific showdown is here! And in today's match up, you will see a classic HOI4 1v1 and that is USA vs Japan. As Tommy has said in this video, USA VS Japan is the highest level of skill in HOI4. One of the highest that's for sure, it requires proper usage...Read More