RambusBefore we look at tonight's Precious Metals charts I would like to make a comment on the US stock markets. I will take some flack over some of the comments I'm going to make but that's fine as it won't be the first time nor the last.Let me start by saying, "The only rule when it comes to trading the stock markets is, "There Are No Rules." The other important rule that I live by is that, "t...Read More
By: Gary SavageGold testing $1,800 resistance, traders should take note of this area and possibility for more bullion banks attacking the metal as they remain heavily short. In the general markets, we are nearing the upside target..http://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold is strong, hard to break it. A lot of money printed and about to be printed and I think this got the gold market's attention:Read More
When I say "all-time high," I mean it. Ancient cuneiform tablets prove that silver has never been so cheap relative to... by Simon Black of Sovereign ManMore than 4,000 years ago, the city of Kanesh was quickly becoming an important commercial trading hub within the ancient Assyrian Empire.Kanesh was located in the dead center of modern day Turkey, so it was perfectly situated on the route between...Read More
Even after these mines come back online, the damage already done to the global economy will continue to...by Steve St Angelo of SRSrocco ReportAccording to a new report released by GlobalData, the global contagion impacted silver production the most while gold mine supply fared the best. The two largest silver producing countries, Mexico and Peru, have issued temporary shutdowns lasting nearly t...Read More
RAPAPORT... The Rapaport TradeSheet provides Rapaport Discount Prices with percentage discounts in relation to the Rapaport Price List. The discount prices reflect our opinion of prices at which natural diamonds meeting Rapaport Specification A3 are available for sale. This is the same specification used for the Price List.The format of the TradeSheet includes prices from the current Rapaport Pric...Read More
Diamond trading limited as some centers start to ease lockdown restrictions. Dealers and manufacturers focusing on how to reduce inventory, with more than enough rough and polished in the pipeline to satisfy demand. Outlook uncertain as US economy shrinks 4.8% in 1Q. Miners cut 2020 production plans and India prepares voluntary 30-day pause in rough imports. Marketers to focus on bridal as pandemi...Read More
RAPAPORT... De Beers has contributed $200,000 to assist women's shelters and support organizations in its diamond-producing countries during the COVID-19 pandemic.The money, which will be split evenly between Botswana, Canada, Namibia and South Africa, will help women and children whose vulnerability to domestic violence has increased due to local lockdowns, De Beers said Wednesday."As the wo...Read More
RAPAPORT... A gem-set, diamond and enamel tutti frutti bracelet by Cartier garnered $1.3 million at Sotheby's, the highest price for any jewel sold in an online auction.The piece, which features a selection of old European and single-cut, VS- to SI-clarity, F- to I-color diamonds, surrounded by rubies, emeralds and sapphires, smashed its high estimate of $800,000, the auction house said Wedne...Read More
(IDEX Online) - The fourth De Beers Sight of the year will go ahead in Botswana next week as planned, unlike the previous one, which was canceled at the last minute. But few of the 80 Sight holders are expected to attend, because of widespread travel restrictions. It is understood that because of the coronavirus crisis, the miner will allow 100 per cent deferrals. The third Sight of the year (30 M...Read More
RAPAPORT... De Beers is allowing rough-diamond customers to skip all purchases at next week's sight, as shutdowns of manufacturing and retail markets have led to minimal demand.The sight will be the second consecutive sale at which the miner has allowed clients to push their allocations to later in the year. Appetite for rough is at rock bottom as the trade seeks to avoid taking on unsellable...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company said it received more than 320 orders, which equated to demand in excess of $10 billion, the highest ever for a Codelco bond, some 13-times oversubscribed.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesCopper production fell by 9% year on year in Q1 to 293,000t, with volumes from the company's African assets down 29% year on year.Read More
Base metals prices and global equity indices were holding up in high ground this morning, Thursday April 30, helped by the US Federal Open Market Committees message of continued support, an expansion in manufacturing activity at Chinas larger factories, a stronger oil price and because state-sponsored inventory buying in China bodes well for the metals. * Asian-Pacific and pre-market m...Read More
U.S. equity index futures moved lower this morning. S&P 500 futures were down 13 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for March Personal Spending was a drop of 5.0% versus a gain of 0.2% in February. Actual was a drop of 7.5%. Consensus for March Personal Income was a drop of 1.5% versus a gain of 0.6%...Read More
ELKO, Nevada, April 30, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce that it will hold electronic investor update webinars throughout May hosted by CEORoadshow. Mr. Edward Karr, President & CEO will update attendees and USAU shareholders on the outlook for the Company and will be available for questions after the initial presentation.Mr. Karr states, "In...Read More
Rockcliff Metals (CSE: RCLF) has announced a new high-grade nickel-PGE discovery at its wholly-owned Tower property, 600 metres south of the company's high grade, copper-rich Tower deposit and 130 km from Wabowden in central Manitoba.Drilling at the property was conducted in the winter of 2019-2020, with drill hole 20-002 intersecting 2 metres grading 2.53% nickel, 3.08 grams palladium per tonne a...Read More
Infill results from Osisko Mining's (TSX: OSK) drill program at the Windfall gold project in the Abitibi greenstone belt in Quebec continue to suggest strong grades within the Lynx zone and confirm past step outs of Triple Lynx.Drill highlights released on April 29 include 3 metres of 35.3 grams gold per tonne, which confirms a prior intercept of an up-plunge extension of the Triple Lynx zone 120...Read More
Torex Gold Resources (TSX: TXG) is trialling a new underground mining system at its wholly-owned Morelos Gold property in Mexico's Guerrero state, 180 km southwest of Mexico City.The property is made up of the El Lim??n Guajes (ELG) mine complex, which features the El Lim??n, Guajes and El Lim??n Sur open pits, the El Lim??n underground mine, including the Sub-Sill, El Lim??n, Deep and 71 zones, a...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical audit‘From the Capital' columns over the past two weeks have outlined three scenari...Read More