H.C. Wainwright & Co. raises GoldMining's target price after increasing its long-term gold price forecast. Almaden projectIn a July 13 research note, analyst Heiko Ihle reported that H.C. Wainwright & Co. increased its target price on GoldMining Inc. (GOLD:TSX; GLDLF:OTCQX) to CA$7 per share from CA$6.50 after upwardly revising its precious metals price forecasts. GoldMining's current share price...Read More
Stewart Thomson, Graceland Updates1. The big question about America is how much more money the Fed can print while the government runs a program of borrowing money to infinity... before hyperinflation turns the fading empire into a fire pit.2. The debt-themed empire is in tatters already, but it has yet to become an inferno. The world watches aghast, as Americans blow each other aw...Read More
Every year around this time, we check in with raw materials for our popular commodities halftime report. This year, it wasn't even a competition. Precious metals were the big winners for the first six months of 2020. Spot gold took the first place position, rising over 17 percent, followed in second place by silver, up nearly 2 percent. Palladium rounded out the top three, essentially flat at...Read More
- Stefan GleasonMany retail businesses including grocery stores and fast food restaurants have been wrangling with a national coin shortage. Some are posting notices informing customers that they will need to pay in exact change or use alternative payment methods such as credit cards.What's driving this scarcity of quarters, dimes, nickels, and pennies?The answer from the U.S. Mint: COVID-19....Read More
House Rep, Alexander Mooney, introduced a Bill that would the first true audit of gold owned by the United States in more than 65 years. The Bill, if passed, would require a full assay, inventory and audit of the U.S. gold every 5 years. Currently the gold is being "safe-kept" by the Fed.The last time a Bill was introduced to audit the Fed, specifically the gold and gold swaps activity, the F...Read More
By: Gary SavageHere is what to look for on the gold breakout. Bullion banks are stuck in a large short position, they have covered some but have a significant problem. After multiple attempts, gold has broken out of this sideways/box. A break above $1,800 doesn't hold a lot of resistance, but holds the potential to be a false breakout: Stocks becoming dangerous:Gary Savagehttps://blog.smartmoney...Read More
By: Ira EpsteinGold 1796 area is a swing point, if taken out, then the market will head towards its 18-dma support around 1786 area. Doesn't mean the party is over:Read More
The fall in silver and gold is just profit taking and should be used to go long or invest. Crude oil should crash (on demand fundamentals) but is not even correcting. New investors of precious metals and industrial metals are waiting for correction to invest. Pension's funds have to give pensions to pensioners. They have increased their portfolio allocation to gold. Silver price will break past...Read More
The $21 level is much more important than the $18.50 level. When silver finally BREAKS the $21 level, it can move up to $27.50 very quickly... by Steve St Angelo of SRSrocco ReportNow that the silver price has broken through the important $18.50 level, will it reach $21 during this current rally? Silver was up 70 cents for the day (Monday). However, after Dallas, Fed President Kaplan anno...Read More
Silver breaks through the 19 dollar barrier, and gold is also strong...by Harvey Organ of Harvey Organ BlogJULY 13//SILVER BREAKS THROUGH THE 19 DOLLAR BARRIER TO $19.36//GOLD ALSO STRONG: UP $12.50 TO $1811.30//GOLD TONNAGE STANDING AT THE COMEX: 21.816 TONNES//SILVER COMEX FUTURE/SPOT (CASH) = 43 CENTS PER OZ//CHINA VS USA RHETORIC ESCALATES// LOOKS LIKE THE FBI HAS A FEW WUHAN LAB WORKERS WHO D...Read More
RAPAPORT... Israeli finance company Peninsula has agreed to buy Union Bank's diamond business, pledging to continue offering loans amid a shortage of credit in the domestic industry.Peninsula will pay between 55% and 70% of the loan portfolio's value and will take over Union Bank's premises inside the Israel Diamond Exchange (IDE) in Ramat Gan. The final price will depend on the loans' total...Read More
RAPAPORT... A Colombian emerald and diamond ring was the top seller at Phillips in Hong Kong, leading the $6.1 million auction.The piece, which features a step-cut, 21.52-carat emerald flanked by two half-moon diamonds, fetched $1.2 million against a presale estimate of $960,000 to $1.2 million at last week's Hong Kong Jewels and Jadeite sale. The total achieved is a 54% increase over the sam...Read More
RAPAPORT... Mountain Province has obtained a waiver for its revolving-loan agreement as it struggles with challenges in the diamond market amid the coronavirus pandemic.The Bank of Nova Scotia and Nedbank, which hold the loan, have agreed to exempt the Canadian miner from complying with the terms of the credit agreement, including maintaining a minimum cash balance, Mountain Province said Tue...Read More
RAPAPORT... Alrosa's supervisory board has reelected Russian Finance Minister Anton Siluanov as its chairman. He has held the position since 2015.Members of the board also reelected Aysen Nikolaev, head of the Republic of Yakutia, as first deputy chairman, and Alrosa CEO Sergey Ivanov as deputy chairman, Alrosa reported Monday. The election took place on Friday as an absentee vote amid corona...Read More
(IDEX Online) - Southstone Minerals reports further discoveries of very large and high-quality diamonds at its alluvial Oena mine, in South Africa.Output for Q3 (March to May) was severely impacted by coronavirus and an enforced five-week shutdown, down almost two thirds on the previous quarter.But the Canada-based junior miner said it had recovered 23 stones over 10 carats from the 8,800-hectare...Read More
(IDEX Online) - India is allowing companies more time to have diamonds graded and certified abroad without having to pay duty, in response to coronavirus.Polished diamonds are routinely sent to labs overseas, but have been subjected to delays because of the COVID-19 pandemic. They are normally subject to duty if they are out of the country for over three months.India's Central Board of...Read More
(IDEX Online) - Migrant diamond workers are deserting Surat, India's cutting and polishing capital as COVID-19 cases spike and factories remain closed.They're returning in their thousands to villages elsewhere in Gujurat, with local media estimating that only 20 per cent of the diamond workforce remains in the city.Surat's once-thriving diamond industry was locked down on 1 July aft...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe revised resource, prepared by USA-based Independent Mining Consultants, is the first new estimate since 2010 and incorporates results from 2019 and earlier (2010 to 2012) drilling in an updatedRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe anomaly was discovered by a high resolution, drone-mounted, magnetic survey following an updated geological interpretation for Marimaca, which indicated strong potential for sulphideRead More
Look beyond market approach to project valuations: van ZylLeadershipCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesThe company said Scotiabank, on behalf of a syndicate of underwriters, had agreed to buy 643.7 milli...Read More