By Avi Gilburt, ElliottWaveTrader.netIt has been quite some time since I have published an article on gold. Unfortunately, we have become so busy at Elliottwavetrader that I simply have not had the time to publish many public articles.So, as we are approaching an inflection point, I thought it would be an appropriate time to publish a public article.Now, I have to be honest. I am quite disappoi...Read More
1. Gold looks superb, silver looks better, and the miners look best of all. 2. These are the main facts for investors to keep in mind at this point in "gold bull era" time.3. Please click here now. Double-click to enlarge this "breakout over $1800" gold chart.4. Next, please click here now. Double-click to enlarge yet another breakout chart (silver). S...Read More
Craig Hemke, TF MetalsIt may or may not happen at next week's FOMC, but that hardly matters. What's important is that a policy shift is coming and the impact upon the precious metals will be significant.Many times already in 2020, we've utilized this space to explain why negative real interest rates are the most extraordinarily important and fundamental rationale for owning physical gold and sil...Read More
This is a rare sighting. Perhaps not as rare as Sasquatch or Nessie. But rare nonetheless...by Keith Weiner of Monetary-MetalsThe price of silver has just spiked up about $2.00-that's about 10%.All the usual suspects have been calling for silver to skyrocket. With some amusement, we have been watching ads from a guy known for savvy junior mining stock investments, who has been calling for gold to...Read More
If this technical indicator is positive, silver will likely continue higher on Thursday. However, if it turns out to be a negative indicator... by Steve St Angelo of SRSrocco ReportBy the close of trading today, it will set the short-term trend for the silver price. If this technical indicator is positive, silver will likely continue higher tomorrow. However, if it turns out to be a negativ...Read More
AND WITH NO SILVER AROUND: WHAT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!by Harvey Organ of Harvey Organ BlogJULY 21//ERIC SPROTT SENDS SILVER HUGELY NORTHBOUND WITH A MASSIVE 75 MILLION OZ PURCHASE//SILVER UP $1.38 TO $21.18//GOLD FOLLOWS NICELY UP $26.090 TO $1842.60//COMEX GOLD STANDING: 24.2 TONNES//A MASSIVE 15.368 MILLION OZ ADDED TO THE SLV: (THIS IS A FRAUD)//A HUGE 4.97 TO...Read More
RAPAPORT... Independent US jewelers with financial stability have weathered the Covid-19 crisis well, but face a serious challenge if the pandemic persists, according to Jewelers of America (JA) CEO David Bonaparte."Mainstream mom-and-pop retail jewelers, especially the ones that are in a standalone location, aren't doing that badly," Bonaparte said Monday in an interview with Rapaport News....Read More
RAPAPORT... Some Signet Jewelers team members will not return from furlough after the company restructured its store operations during the Covid-19 shutdown.The jeweler has recalled most of its furloughed employees, but has laid off an unspecified number, it noted. In June, the owner of Kay Jewelers, Jared and Zales announced it was closing 380 stores.The jeweler is moving toward a more digit...Read More
RAPAPORT... Alrosa will spend $12 million over the next two years prospecting and developing several diamond deposits in Zimbabwe.The government has allowed the Russian miner to begin exploration through Alrosa Zim, a joint venture with national miner Zimbabwe Consolidated Diamond Company (ZCDC). Geologists will start sampling and trenching this month in selected zones in the provinces of Mat...Read More
RAPAPORT... The Jewelers Board of Trade (JBT) reduced companies' credit scores at an "unprecedented" rate in the second quarter as businesses missed payments during the Covid-19 crisis.Many jewelers that bought on terms of 90 days or less before the pandemic were unable to meet their obligations to suppliers because revenues dried up during lockdowns. As a result, the JBT downgraded 1,70...Read More
(IDEX Online) - Alrosa is investing $12m seeking out new diamond reserves in Zimbabwe.The Russian state miner announced a joint venture in December 2018 with the national miner Zimbabwe Consolidated Diamond Company (ZCDC), and is now embarking on two-years of prospecting and preliminary exploration works for primary diamond deposits.Zimbabwe is hoping to exploit its rich diamond reserves and...Read More
(IDEX Online) - An Indian laborer who leased a tiny square of land to dig for diamonds has unearthed a 10.69 carat stone valued at $67,000. Anandilal Kushwaha, 35, paid just $2.70 for the six-month rights to a 25ft by 25ft patch in an area of Panna, Madhya Pradesh, known for its diamond deposits. The stone will be auctioned by the mineral resources department and Mr Kushwaha says he'll share...Read More
(IDEX Online) - A pioneering new app uses facial recognition-type technology to positively identify diamonds and combat fraud.It allows anyone in the jewelry industry with an iPhone or iPad and a $50 outlay to start registering and verifying diamonds using a special viewer that fits over the camera lens.Tech firm GemEx says its patented DiamondEye is the only affordable ID system in the marketplac...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesGroup June quarter copper production was 24,577 tonnes, while gold production was 68,740 ounces, at C1 costs of negative US5.4c per pound of payable copper.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesAntofagasta produced 177,700 tonnes of copper in Q2, a fall of 8.4% quarter-on-quarter driven by lower grades from the company's Centinela Concentrates division.Read More
Advanced Micro Devices (AMD), a NASDAQ 100 stock moved above $59.00 and $59.27 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Wednesday July 22ndU.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US74.50 cents following release of Canada's June Consumer P...Read More
Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesAs a rather sad indictment of what my life has become, I was doing some dusting the other day. Not that there is any...Read More
Endeavour Mining (TSX: EDV) has increased its gold resource by 554,000 oz. at its Hounde mine in Burkina Faso, located approximately 250 km southwest of the capital Ouagadougou.The updated mineral resource now stands at 74.6 million tonnes grading 1.85 grams gold per tonne for 4.45 million contained oz. gold in the measured and indicated category. Inferred resources also increased to 7.9 million...Read More
Step-out drilling at Marathon Gold's (TSX: MOZ) Valentine gold project has extended the Berry zone to the northeast, to a drill-tested strike of 450 metres.The company's latest release includes the assays from ten holes completed at the Berry area, which sits within a 6-km-long Sprite corridor between the Leprechaun and Marathon deposits at the site.Highlights include 120 metres of 3.33 grams go...Read More
Gold-focused producer Karora Resources (TSX: KRR) has announced the sale of its 28% interest in the Dumont nickel project in Quebec to two private funds advised by Waterton Global Resource Management, for a total of up to $48 million.As consideration for the sale, Karora will receive $10.7 million upon closing - expected by the end of July - which includes $7.4 million from Waterton, and a $3.3-...Read More