All key equipment needed to proceed is at the site of MAG Silver and JV partner Fresnillo's project. JuanicipioMAG Silver Corp. (MAG:TSX; MAG:NYSE A) provided in a news release an update on and recapped 2019 progress at its Juanicipio joint venture project with Fresnillo Plc (FRES:LSE) in Mexico."Construction and exploration drilling continue at the Juanicipio Project. We are fortunate that all t...Read More

Ely Gold Royalties has completed the purchase agreement and lease assignments for eight mining claims at the producing Gold Bar Mine located in Eureka County, Nevada. In a news release, Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) reported that it has closed the purchase agreement and lease assignments that the company previously announced in February 2020 through its wholly owned subsidiary,...Read More

Seabridge Gold will start work on the project with a review of historical data. In a news release, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced it agreed to acquire Golden Predator's 3 Aces orogenic gold project in the Yukon. The company has termed the project a "high-grade, near surface gold opportunity in an mining-friendly jurisdiction."For the project, Seabridge will pay Golden Predat...Read More

Dave Kranzler, Investement Research Dynamic's Mining Stock JournalI truly thought I had seen all that was possible in the creation of paper gold when the Comex rolled out its "pledged gold" category which enabled technically insolvent banks like HSBC and JP Morgan - the only two Comex banks to have taken advantage of this new gold derivative product - to use paper gold to satisfy the performance...Read More

Gary TanashianThe simple answer is that is what they are doing, inflating.The slightly less simple answer is that they inflated in 2001 and it worked (for gold, silver, commodities and eventually stocks, roughly in that order). It also worked in 2008-2009 (for gold, silver, commodities and eventually stocks, roughly in that order).The more complicated answer is that we are down a rabbit hole of...Read More

Extraordinary times call for extraordinary measures, as they say, and the past number of days have been nothing if not total confirmation of that adage. As of Monday morning, the number of confirmed coronavirus cases in the U.S. stood at more than 143,000, with New York City appearing to have become the new global epicenter of the pandemic. Hospitals in the hardest-hit areas of the countr...Read More

Jordan Roy-Byrne CMT, MFTAThe historic action of the precious metals sector over the past few weeks has continued.The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown.Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. I...Read More

Gary Savage Perma-bears are going to wrong. This is why:Read More

Ira EpsteinGold still has a bullish pattern in the short-term. Support around $1595..Read More

Range bound trade in gold and silver will be broken by tomorrow and a new range will be formed. A new month and a new quarter high on economic optimism but low on confidence. Uncertainty on global economy and inability to prevent coronavirus spread has resulted in gold remaining firm and crude oil and industrial metals trading with a softer bias. Spot gold should have broken past $1700. By the s...Read More

RAPAPORT... Gemfields has closed the majority of its business amid the coronavirus pandemic, and is unsure when it will hold its next tender."The turmoil stemming from COVID-19 [will have] a significant impact on [our] operations, revenues and business during 2020, and possibly beyond," the company said Monday.The miner has shut all but critical operations at its Kagem emerald mine in Zambia...Read More

RAPAPORT... Diamcor Mining has shut its South African mine amid the government-imposed 21-day lockdown to stem the spread of COVID-19.The company has put the Krone-Endora at Venetia deposit on care and maintenance until April 16, it said Monday. It has also implemented cost-saving measures wherever possible, and has limited or canceled all rough-diamond tenders."During these unprecedented tim...Read More

RAPAPORT... Sales of jewelry and other hard-luxury items in Hong Kong slumped to an all-time low in February due to the coronavirus, according to government data.Revenues from jewelry, watches, clocks and other valuable gifts dropped 79% year on year to HKD 1.56 billion ($200.6 million) for the month as tourists stayed away and local demand fell. Sales in all retail categories declined 44% to...Read More

RAPAPORT... Signet Jewelers has agreed to a $240 million settlement relating to a lawsuit filed by shareholders. The suit claims the company misled investors regarding allegations of sexual discrimination against its executives and the health of its credit program. Under the settlement agreement, Signet - which owns the Kay, Zales and Jared banners, along with online jeweler James Allen - wil...Read More

 (IDEX Online) - Petra saw rough prices slump by almost a quarter at tenders in South Africa and Antwerp earlier this month, as demand evaporated. Bidding, especially for larger stones was "severely depressed and opportunistic," said the mining company, which operates in Botswana and Tanzania, as well as South Africa. The vast majority of the goods were sold, with only a few strategic, higher...Read More

Tiny diamond particles could be used in a new generation of virus-killing face masks. Researchers believe a coating of salt crystals and nano-diamonds will actually destroy viruses and micro organisms, rather than simply filtering them out. Master Dynamic Limited (MD), a leading Hong Kong material analysis and nanotechnology company is developing the ant-viral mask as coronavirus demand soars. "Wh...Read More

(IDEX Online) - De Beers has canceled its third Sight of the year and is allowing buyers to defer 100 per cent of their purchases. The move was announced yesterday (Monday 30 March), the day the Sight had been due to start in Gaborone, Botswana.    Earlier this month world's largest producer of rough diamonds indicated it was hopeful the Sight would go still ahead, saying "customers...Read More

China’s official manufacturing purchasing managers’ index (PMI) rebounded to 52 in March, after 35.7 in February, which means 52% of purchasing managers reported conditions were “better” in March than they were a month earlier. This has provided some support to the base metals this morning, Tuesday March 31.* Asian-Pacific equity indices and pre-market western futures were mixe...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 21 points in pre-opening comments. The Canadian Dollar was virtually unchanged at U.S. 70.27 cents following release of Canada's GDP at 8:30 AM EDT. Consensus was a gain of 0.2% versus an increase of 0.3% in December. Actual was a gain of 0.1%.Conagra gained $1.53 to $29.76 after issuing positive fiscal fourth quarter...Read More

PRIVATE BLOG - Gold for the Close of the 1st QuarterPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More