Recent News

Rio Tinto's Kennecott starts drilling at Frisco

May 20, 2020 / www.mining.com

Cactus Breccia Pipes (Image from Alderan) Rio Tinto's (NYSE: RIO ASX: RIO) subsidiary Kennecott has kicked off an initial four-hole 2,000m drill program at Alderan Resources' Frisco copper/gold/silver project in Utah. Kennecott will spend an initial $6 million on exploration at the project area to gain a 55% interest in the project, it said. Rio Tinto's subsidiary will earn 70% of the project by...Read More

US uranium output shrinks 89% in 2019

May 20, 2020 / www.mining.com

Crow Butte operation in northeast Nebraska. Image courtesy of Cameco. US domestic production of uranium concentrate plunged 89% to 174,000 pounds of U3O8 (triuranium octoxide) last year, according to the latest annual report published by the US Energy Information Administration (EIA). This also represents a steep decline compared to the 4.89 million pounds the US produced five years earlier.The p...Read More

Fresh study calls for moratorium on deep-sea mining

May 20, 2020 / www.mining.com

Image from archives. A coalition of non-profit organizations is pushing for an international moratorium on deep-sea mining following a fresh report that warns of potential irreversible damage to Pacific island states including Kiribati, the Cook Islands, Nauru, Tonga, Papua New Guinea and Tuvalu."Accumulated scientific evidence indicates that the impacts of nodule mining in the Pacific Ocean woul...Read More

Westgold boosts cash reserves

May 20, 2020 / www.mining-journal.com

The latter includes expansion of its services division. The placement, priced at $2.Read More

Iron ore stronger for longer?

May 20, 2020 / www.mining-journal.com

In the weeks after the Brumadinho tailings dam collapse in January, 2019, the ore price rocketed up to a peak of $124/t as safety inspectors ordered mine closures, from which the Brazilian industryRead More

The Chinese Are at It Again, Why This Trade War Is Different

May 20, 2020 / www.energyandcapital.com

Sometimes you just can't wrap your head around how things have gotten to the point that they have.Don't worry, I'm not talking about COVID-19. With the media blasting that crisis to you from every angle, it's far too easy to lose sight of other things right now.So today, we're delving into something that may have even more dire consequences for the U.S. if certain catalysts fall.For the last few w...Read More

As The Fed Goes "Weimar," Gold, Silver, Miners Will Go Parabolic

May 20, 2020 / news.goldseek.com

By Dave KranzlerThe chart above speaks for itself. You could not find a more bullish chart set-up in the stock market. Note that the HUI/Dow ration bottomed out in late 2019 at the same level where it bottomed in late 2000. Most investors in this sector were not around for the beginning of the precious metals bull market in late 2000. But you can see the big move that started in 2008 - for which...Read More

The Federal Counterfeiter

May 20, 2020 / news.goldseek.com

By Keith Weiner Suppose you wanted to run an enterprise the right way (we know, we know, this is pretty far-out fiction, but bear with us). And, your enterprise has a $1 million dollar piece of equipment that wears out after 10 years. You must set aside $100,000 a year, so that you have $1 million at the end of 10 years when the equipment needs replacing. There's a word, now archaic, to describ...Read More

A Crisis of Confidence, Part Two

May 20, 2020 / news.goldseek.com

Craig Hemke, TF MetalsBack in March and April, a chasm opened between the dollar price of spot gold (XAU) and the front month COMEX futures contract. So-called experts reassured us that this was simply due to "logistics" and "gold being in the wrong place". Was this true, or might it have been just another set of apologies from the usual shills?We first wrote about this issue on April 7, and it...Read More

Craig Hemke: Widening Spot Price Vs Futures Contract Spreads In Silver Now?

May 20, 2020 / marketsanity.com

Back in March, we saw some crazy developments in the paper versus physical gold market, so much so, that New York and London went into scramble mode, and now, we're seeing the same crazy developments in silver! What are we to make of the widening spreads? Craig Hemke joins Silver Doctors Wednesday for a discussion on that, and a whole lot more.Some of the topics in today's discussion include:It lo...Read More

Precious Metals Update Video: Silver is at a point where it can pullback short-term

May 20, 2020 / news.goldseek.com

By: Ira EpsteinSilver has spent 5 days above its Bollinger band on the daily chart. I give it at 1% chance..Read More

Rick Rule's Rules On How To Not Lose Money In Gold and Silver Stocks

May 20, 2020 / marketsanity.com

According to Rick Rule, yes we are in a precious metals bull market. That means that there are huge fortunes to be made buying select gold and silver mining stocks. But you have to be extremely careful. According to Rick, there are some 1500 publicly traded zombie miners. These companies don't exist to return profits to their shareholders, but are more interested in lining management's pockets. Wi...Read More

Diluting the Money Supply w/ Mickey Fulp

May 20, 2020 / marketsanity.com

Today Michael S. "Mickey" Fulps joins us on RTD to share his thoughts the monetary response to the economic shutdown. During this interview Mickey shares his thoughts on how the emergency measures dilutes the value in currency but the dollar will out last other nations on the race to zero.Michael S. "Mickey" Fulp is a Certified Professional Geologist with over 29 years experience as an exploration...Read More

Dave Collum discusses COVID-19 crisis, the economic crisis, 2020 Presidential race, gold & much more

May 20, 2020 / marketsanity.com

This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Dave Collum, a Professor of Chemistry at Cornell University. He is a popular staple of FinTwit and writes one of the best annual summaries at the end of each year.In this conversation, Dave discusses the COVID-19 crisis, the economic crisis, the role of the Federal Reserve, the 2020 Presidential race, his Jeffrey...Read More

'11 people in my village are dead. Sorry I'm not as smart as you': UFC superstar Khabib shoots down Covid-19 conspiracist

May 20, 2020 / marketsanity.com

"More than 500 people in my village have contracted pneumonia, 11 have died, and dozens more people from my village are in hospital. In the neighbouring village 14 died in one night, they didn't manage to bury them. Continue...Read More

You should have enough gold to preserve your wealth for 24 months: Lior Gantz

May 20, 2020 / marketsanity.com

In an interview with Kitco News, Lior Gantz, creator of the Wealth Research Group, said that he likes silver as a short-term trade, but he is focused on gold as a store of wealth in the face of growing global recession fears due to the COVID-19 pandemic.Gantz discusses gold's role during a recession, as well as the potential for the mining sector to add value to investors.Lior Gantz has been calle...Read More

Keith Neumeyer: The Silver Breakout is Here

May 20, 2020 / marketsanity.com

Time Stamp References:1:00 - Silver ratio waking up big institutions.2:20 - Inflation, lower interest rates, and gold.3:50 - Outlook for silver and the silver-gold ratio.5:25 - Silver's demand profile.8:40 - Comparing historical markets.12:15 - Mining sector cyclicality and greed.15:00 - Why his focus is on the commodity sector.Collin welcomes returning guest Keith Neumeyer to the program to discu...Read More

When No One's Worried That's The Time To Start Worrying - Nick Santiago

May 20, 2020 / marketsanity.com

Part 1 (part 2 below)Part 2Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. After applying hi...Read More

China's Debt-to-GDP Ratio Surges to 317 Percent

May 20, 2020 / marketsanity.com

The IIF estimates that China's total debt hit 317 per cent of gross domestic product (GDP) in the first quarter of 2020.Continue...Read More

Highly indebted 'zombie' companies control more than 2 million U.S. jobs

May 20, 2020 / marketsanity.com

Heavily indebted "zombie" companies happen to control nearly 2.2 million jobs at a time when the U.S. is in a deep employment crisis.Continue...Read More

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