Sector expert Michael Ballanger describes what he believes is really behind the market crash. "Never let a good crisis go to waste." Sir Winston ChurchillMy late older brother Donnie was a quasi-anarchist tax collector for the Canadian government who self-educated himself and then morphed from a grumbling, cynical security guard/starving artist to a very successful 20-year career auditor with th...Read More

Seabridge founders Rudi Fronk and Jim Anthony provide an update on the Fed's actions and the gold price. Many times a day, we are asked what we think will be the impact on gold prices of the enormous money-printing by the Fed. We think the impact is much greater than you might imagine because it is in combination with huge fiscal stimulus. In a nutshell, we think the current path leads to a new a...Read More

Great Bear Resources details the changes it has made. In a news release, Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) announced it implemented operational changes in the wake of COVID-19 such that the exploration program at Dixie may continue."We have implemented comprehensive new operational procedures designed to limit the risk of infectious transmission, which should allow exploration to...Read More

Gold Standard Ventures reported it has taken preventative measures to minimize Covid-19 virus risks for its employees and all others interacting with the company. Gold Standard Ventures Railroad-PinionIn a news release,Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced that in response to Covid-19, the company "has taken actions to minimize the risks of the Covid-19 virus for both emplo...Read More

Economic data shows that the coronavirus crisis will be severe. To soften the blow, Trump announced his support plans for the economy. Will the stimulus package help? And when will gold finally rise?COVID-19 Hits the US EconomyThe global epidemic of COVID-19 has already hit the US economy. We start to see evidence how bad this crisis might be. First, retail sales dropped 0.5 percent in February. T...Read More

Keith Weiner, Monetary MetalsThe price of gold dropped $31, and that of silver fell even more by proportion, $2.14. The gold-silver ratio hit a hit of over 126 before closing the week around 119. This exceeds the high in the ratio last hit in the George H.W. Bush recession.Last week, we were warming up to silver, if not recommending it. We said:"While we would not recommend betting on silver wit...Read More

Strengths? The best performing metal this week was gold, down just 2.04 percent. BullionStar, a bullion dealer in Singapore, has seen a record number of orders, order revenue and number of visitors to its center over the past month, according to a post on its website and as reported by Bloomberg. "We have managed to replenish a bit of gold on Saturday but it's very difficult to...Read More

Dave KranzlerThe biggest bill of sale sold to the public after the great financial crisis was that the legislation enacted forced the banks to maintain a higher level of integrity in their business dealings. But nothing could be further from the truth. The various pieces of legislation enacted after the 2008 de facto banking system collapse ultimately made it easier for the TBTF banks to move th...Read More

Clint SiegnerA huge spike in demand for physical precious metals has decimated available dealer inventories. The vast majority of gold and silver coins, rounds, and bars are either out of stock or come with extended shipping delays.Premiums are spiking higher. Dealers have raised bid premiums - the amount offered above the spot metal price - dramatically along with ask premiums.The market...Read More

The pros who confidently bought the dips for more than a decade are now quietly selling the rallies. During the bull market, accumulating stocks on weakness was a no-brainer, as easy a ticket to big profits as investors will ever enjoy. But the bear market has ended this rare opportunity. Instead, the Masters of the Universe have been unloading as much stock as they can into every rally. This ta...Read More

By Avi Gilburt, ElliottWaveTrader.netSo, how many of you followed reckless bulls into this mess?I know many of you took me to task for missing some of the rally in the SPX. But, as I had been trying to warn you, the IWM and the EEM, as well as a host of other charts, were warning me that something was just not right about the move in the SPX. Then, when I publicly posted that I was shortin...Read More

There are two things which we all need to focus w.r.t to corona virus:Positive: China could be corona "virus free" in the next two weeks to four weeks. This will be very bullish for crude oil demand and industrial metal demand.Negative: One needs to closely watch the corona virus spreads in India, Pakistan, Bangladesh and Indonesia. These are world's most densely populated zone with inadequate m...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.Wood Mackenzie senior...Read More

RAPAPORT... Michael Hill will temporarily close all its Canadian stores amid the coronavirus pandemic, while locations in Australia and New Zealand currently remain open. The jeweler's Canadian stores are set to shut for a two-week period, but the company will reevaluate and may lift or extend the shutdown as necessary based on the health situation, it said last week. During the closure, most...Read More

RAPAPORT... Alrosa has appointed Nikolay Gorokhov head of its Vladivostok division.Gorokhov, who began working for Alrosa in 2001 in its Yakutsk Diamond Trading Company, will be responsible for rough-diamond sales in Vladivostok, the Russian miner said last week. He will also oversee logistics, Chinese market research and increasing the division's efficiency.Gorokhov replaces Semyon Lavrentiev, wh...Read More

RAPAPORT... The organizer of the Hong Kong shows scheduled for May has stopped preparations for the events, as quarantine rules in the municipality have made it impossible to host an international fair.Measures enforced by the Hong Kong government on March 19 require all travelers arriving in the city to isolate themselves for 14 days to stem a second wave of coronavirus cases. The rule will...Read More

RAPAPORT... The London Diamond Bourse (LDB) will close from Wednesday as the coronavirus spreads in the UK."The committee has come to the decision that it is in the best interest of our staff and members to close the bourse," the exchange said last week. "First and foremost, the LDB has a duty of care...and whilst we have been following rigorous health-and-safety guidance from Public Health E...Read More

(IDEX Online) - Tiffany has reported a $4.4 billion profit for last year, matching its record high in 2018.It said its focus now was on a return to normal after the coronavirus pandemic.The New York-based jeweller said profits for Q4 were down two per cent to to $201 million, partly as a result of costs involved in the proposed $16bn acquisition by the French luxury goods group LVMH (Mo?? <Read More

(IDEX Online) - Canada's oldest diamond mine has been closed to prevent further spread of coronavirus.Some employees claim they've been told it could be four months before the Ekati mine re-opens, according to local media reports. Ekati has been in operation at a remote location 300km north east of Yellowknife in Northwest Territories, close to the Arctic Circle, since 1998.Calgary-based...Read More

(IDEX Online) - Signet, the world's largest retailer of diamond jewelry, is closing all its North American stores, but those in the UK will remain open.As the coronavirus pandemic spreads globally, it says it is being guided by its "core value of People First". Staff will be paid until 4 April.All Signet's stores in the USA and Canada, most of them trading as Kay Jewelers, Zales, Jared,...Read More