He said the department's health and safety inspectorate, working with the mining companies and labour unions were on "high alert" and testing the level of preparedness.South Africa had 62 confirmed COVID-19 cases, 11 new, the World Health Organisation said yesterday.After meeting with the Minerals Council South Africa leadership, Mantashe said a 10-point plan had been developed, in line with healt...Read More
How low can oil go?After watching WTI crude tumble another 10% this morning, all bets are off on when we're going to see the bottom.In fact, we haven't seen a barrel of black gold cost so little since September of 2003.A double-edged sword is slicing through the fundamentals in the oil sector, and nobody is given quarter in this price crash.When prices crashed under $30 per barrel, the smart money...Read More
Craig HemkeLate last week, after weeks of holding its own and providing some stability through the worsening coronavirus crisis, the price of COMEX Digital Gold was smashed in a manner not seen since April of 2013. Was this just a natural market reaction? Hardly.The past month has seen truly historic moves in the global equity and fixed income markets. The U.S. stock market has fallen sharply, b...Read More
Richard (Rick) Mills, Ahead of the herdStock markets rebounded on Tuesday, after the White House announced further measures to help Americans and companies hurt by the coronavirus pandemic.The Trump Administration is reportedly considering sending checks to Americans so they have cash to spend during the outbreak.The Dow, S&P 500 and the Nasdaq finishing about 6% higher was a welcome respite fro...Read More
Stefan Gleason, Money MetalsThe last few days have been like nothing most of us have ever experienced - or are likely to experience again in our lifetimes.Panic has spread from the streets of Wuhan to the grocery stores of America's heartland, from nursing homes to the Federal Reserve Board, from the stock market to the gold and silver markets.Like other asset classes, the precious metals space...Read More
By: Ira EpsteinGold is trendless, it is looking what to do next. Gold has downside bias with resistances around $1550 and $1615:Read More
Bob Moriarty of 321gold discusses the current situation with physical metals and paper markets. Every time the price of gold and silver go down in a big way, the manipulation/conspiracy crowd come creeping out of their rat holes to start preaching about naked short selling and a disconnect between physical metals and paper markets. As you will see, both issues tend to reveal how little these guys...Read More
On Sunday, the Federal Reserve cut interest rates andrestarted quantitative easing to stimulate economy hit by the pandemic ofCOVID-19. That’s already its second move prior to this Wednesday’s FOMC. Whatdoes it imply for gold? It’s Serious, Really.Winter is not coming. Winter ishere already. The situation does not look too good. Although the epidemic seemson the way out in China...Read More
Craig HemkeLate last week, after weeks of holding its own and providing some stability through the worsening coronavirus crisis, the price of COMEX Digital Gold was smashed in a manner not seen since April of 2013. Was this just a natural market reaction? Hardly.The past month has seen truly historic moves in the global equity and fixed income markets. The U.S. stock market has fallen sharply, b...Read More
Richard (Rick) Mills, Ahead of the herdStock markets rebounded on Tuesday, after the White House announced further measures to help Americans and companies hurt by the coronavirus pandemic.The Trump Administration is reportedly considering sending checks to Americans so they have cash to spend during the outbreak.The Dow, S&P 500 and the Nasdaq finishing about 6% higher was a welcome respite fro...Read More
Stefan Gleason, Money MetalsThe last few days have been like nothing most of us have ever experienced - or are likely to experience again in our lifetimes.Panic has spread from the streets of Wuhan to the grocery stores of America's heartland, from nursing homes to the Federal Reserve Board, from the stock market to the gold and silver markets.Like other asset classes, the precious metals space...Read More
By: Ira EpsteinGold is trendless, it is looking what to do next. Gold has downside bias with resistances around $1550 and $1615:Read More
The world economic and financial markets have entered into a crippling cannibalization of the system in which few are prepared...by Steve St Angelo of SRSrocco ReportThe world economic and financial markets have entered into a crippling cannibalization of the system in which few are prepared. While the politicians, financial analysts, and media are providing optimistic forecasts for the future,...Read More
Crazy? Wasn't it just as crazy to expect silver below $12 just a month ago?by Przemyslaw Radomski via Sunshine ProfitsIn yesterday's free analysis, we explained why a short-term corrective upswing in the S&P 500 was likely just around the corner. In today's article, we'll discuss how it's likely to impact our silver price forecast. We'll also make comment on the current opportunity in silver...Read More
RAPAPORT... The American Gem Society (AGS) has canceled its Conclave amid gathering restrictions due to the coronavirus pandemic."The decision was made in light of a national state of emergency that was declared on Friday of last week and amidst growing concerns of the...outbreak," the organization said Monday.While AGS will not reschedule the event, which was slated to take place in Denver,...Read More
RAPAPORT... Tiffany & Co. is among a growing number of US retailers temporarily shuttering all locations across North America in an effort to stem the coronavirus spread."Effective immediately, we're temporarily closing all Tiffany stores in the US and Canada, as well as many other locations globally, to protect our teams, clients and communities," the jeweler said in an Instagram post Tu...Read More
RAPAPORT... To Our Friends Around the World,Our thoughts are with you and your families during these uncertain times. We pray for your health and well-being.As much of the world shuts down, we find ourselves practicing social distancing and isolation. Many of us are working from home, with children at home, giving us a new perspective on family and work. The unprecedented social and economic...Read More
RAPAPORT... De Beers' upcoming sight in Botswana will still take place despite the country's ban on arrivals from the US, China, India and Belgium, the miner has confirmed."While this is an extraordinary situation and COVID-19 has had an impact, our customers continue to express some demand for rough diamonds and have communicated their desire for the sight to proceed," a spokesperson for De...Read More
RAPAPORT... Belgian and Israeli industry organizations are jointly organizing a virtual trade show to compensate for the cancellation of major exhibitions around the world.The Online Diamond Trade Fair will run from March 30 to April 3, the Antwerp World Diamond Centre (AWDC) and the Israel Diamond Institute (IDI) said in a note to dealers Tuesday. It will be open only to exhibitors from Antw...Read More
RAPAPORT... The organizers of the JCK Las Vegas and Luxury jewelry shows have delayed the fairs due to growing concerns over the coronavirus."Our top priority is the health and safety of our exhibitors, attendees, industry partners and staff," JCK said Tuesday. "After consulting with national experts [and] our customers, closely monitoring developments and reviewing guidance and advice...we have d...Read More