It’s official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly economic activity), marking the start of a recession. The peak also designates the end of the expansion that began in June 2009 and lasted 128 months...Read More
Summerdoldrums? Not for precious metals markets!Inearly July, gold and silver eachbroke out to fresh multi-year highs. The yellow metal is within strikingdistance of new all-time highs and the headline worthy figure of $2,000/oz.Thewhite metal, meanwhile, has a lot of catching up to do. And as it does, thegains in percentage terms could be explosive.Silver has already packed on 60% since its March...Read More
David HaggithIt's time to show you're Fed up! Get mad as hell! Don't take this any more! Scorch the earth with your rage! Yell from the rooftops! Stick your head out the window and scream! Fight the economic injustice that serves the rich! Kick political asses, and kick them hard! Don't just whine, do something about it!Ten commandments to show you're Fed up!1) End manipulated markets by taking...Read More
Mark O'Byrne, GoldCoreDelighted to have been asked to speak on the Market Musings Podcast recently. Just click on the play button below to listen."Market Musings welcome the founder and research director Mark O'Byrne from GoldCore. When it come to gold and silver Mark is your man. He explains how gold has a tried and tested performance as a store of wealth over centuries, and why he thinks every...Read More
Ira EpsteinCentral Banks coming out this week and next week with policy meetings. The weekly gold chart makes another new high. Gold bias is up, trend is up, resistance remains the upper Bollinger band around $1831:Read More
Only covid vaccine hopes has resulted in global stock markets rising. Silver has to trade over $2020 today to rise quickly. Gold is rising from factors such as US imposing ban on certain Chinese companies due to its treatment of Muslim minorities and US presidential election drama. UK Pound should rise after Bank of England governor said that UK has recovered half of its output lost in March-Apr...Read More
We've been lied to for over 170 years about the value & importance of SILVER in our monetary system. SILVER is breaking free from that manipulation...by Bix Weir of Road to RootaWe have been lied to for over 170 years about the value and importance of SILVER in our monetary system...now SILVER is breaking free from that manipulation. What's the true "Fair Market Value" of Silver? NOBODY KNOWS but...Read More
Unsurprisingly, silver is now one of the best performing assets in the worldby Simon Black of Sovereign ManSovereign Man is a little over 11 years old.And when we started this business, silver was worth $13 per ounce at the time.My philosophy then, just like today, is that precious metals hold their value over the long-term.But back then, there was one key indicator that told me an investment in...Read More
COMEX, we have a problem?Because according to this July 16th SEC F-10 filing... (Silver Doctors Editors) Note: They're not buying all of this physical silver at one single time, but rather, they're buying up to a certain amount, and over the course of 25 months, according this latest filing.For now.Found at the SEC:The form is quite lengthy with all of its legalese glory.Here's another excerpt (li...Read More
Several workers tested positive for Covid-19...by Steve St Angelo of SRSrocco ReportPan American Silver announced today the suspension of two of its silver mines in Peru due to several workers testing positive for the COVID-19 virus. The two silver mines in Peru accounted for 6.3 million ounces of silver output for Pan American Silver in 2019.It's not clear if Pan American Silver began full oper...Read More
"a run to the $21.23 high looks likely"by Captain Ewave of CaptainEwaveCaptain EwaveSilver: Base Breakout & C Wave RallyEmail: [email protected]Website: www.captainewave.comJuly 20, 2020Silver:Update & Tactics:Silver was higher this past week, reaching 19.87, and closed at 19.76.We continue to rally in wave (i) of 3, and within wave (i), we are now thrusting higher in wave -v- of (i).A run to the...Read More
Wasn't silver supposed to be going to like, fourteen...?!?(by Half Dollar) Wow!Silver's on the move!Taking out $21 on Tuesday morning:Here's a look at some different time frames:For those doing the math, before 8:30 a.m. on Tuesday the 21st of July, silver is up almost 11.5% since last Tuesday!At a quarter to nine in the morning, the paper gold-to-silver ratio is in the mid-80s:Gold is moving up,...Read More
RAPAPORT... Swiss watch exports dropped heavily in June as continued slowdowns in Hong Kong and the US outweighed a recovery in China.Total shipments fell 35% year on year to CHF 1.13 billion ($1.21 billion), the fourth consecutive monthly decline, the Federation of the Swiss Watch Industry reported Tuesday. "Watch exports continued to fall sharply in June, albeit with some possible hints of...Read More
RAPAPORT... Petra Diamonds has sold three exploration projects to Botswana Diamonds for $300,000, the mining companies announced Monday.The transaction includes Petra's KX36 project, a kimberlite in Botswana the miner discovered in 2010, as well as two other prospecting licenses in the country, and a bulk-sampling plant. Botswana Diamonds will acquire the assets by buying holding company Seka...Read More
RAPAPORT... Swatch Group, the owner of Harry Winston and Omega, recorded the first half-year loss in its history as the coronavirus devastated sales from February onward.Sales dived 46% to CHF 2.2 billion ($2.34 billion) in the six months ending June 30 as the pandemic forced the closure of up to 80% of stores. This led to a loss of CHF 308 million ($328 million), compared with a profit of CH...Read More
(IDEX Online) - Fugitive Indian jeweler Mehul Choksi is facing new charges, that he sold lab-grown diamonds, claiming they were mined.He is already a key suspect, along with his nephew Nirav Modi, in an alleged $1.85bn fraud against the Punjab National Bank (PNB).New charges brought by India's Enforcement Directorate (ED) detail claims that he cheated top executives in India, Dubai, Hon...Read More
(IDEX Online) - An Australian goldsmith has crafted the world's most expensive chess set, costing $4m.The pieces are made of 18k white gold, adorned with a total of 513 carats of fine white diamonds, South Sea pearls and AAA Ceylon Blue sapphires. Colin Burn's Pearl Royale chess pieces replicate those from the standard 1849 Staunton set found in millions of homes, made origina...Read More
(IDEX Online) - A new State of the Industry report in Australia reveals that nine out of 10 stores that were selling fashion jewelry in 2010 have since closed.Six of the seven chains that were then trading have either collapsed or moved entirely online, according to Jeweller magazine, which researched the report.There were 378 fashion jewelry stores across the country in 2010, it says. Ninet...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 resourcesIron ore production on an attributable basis was 248 million tonnes for the year, or 281Mt on a 100% basis, meeting...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 resourcesCanada's System for Electronic Disclosure by Insiders recorded the transaction last week, prompting some market obse...Read More