Defense Metals reports a 49% increase in tonnage and a 30% increase in overall average grade. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced in a news release it completed an update to its mineral resource estimate for its Wicheeda rare earth element (REE) project in British Columbia, Canada."Our successful 2019 drill campaign has resulted in a significant expansion and increas...Read More
Liberty Gold sold two assets and advanced its Idaho project. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) presented in a news release its corporate highlights from Q1/20. The company pursued two transactions. One was the sale to Barrian Mining of its interest in the Kinsley Mountain gold deposit for total proceeds of $6.25 million and 9.9% of Barrian. Liberty Gold will receive the consideration in t...Read More
Black Tusk Resources reported that it has begun work on the McKenzie East Gold project located near Val-D'or, Quebec. Gold barsIn a news release, Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced that it has begun work on the McKenzie East Gold project located 30 km north of Val d'Or, Quebec.The company stated that it has enlisted VD Geo Service of Val d'Or to conduct geologi...Read More
Group Ten Metals reports that soil geochemistry results suggest the presence of a strongly mineralized system at its Montana asset. Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release it discovered four new palladium-platinum-gold-nickel-copper soil anomalies at its Stillwater West project in Montana.Soil geochemistry from the Boulder and Wild West targets showed...Read More
Technical analyst Clive Maund explains why he's bullish on silver. The way you see silver now depends on whether you see a glass that is half empty or half full. If you are a pessimist by nature you will be grumbling about its underperformance relative to gold up to this point, but if you are an optimist, as we certainly are with regards to silver, you will see it as maintaining the opportunity to...Read More
April job report shows a terrible US labor market. Coronavirus destroyed 20.5 million jobs, pushing the unemployment rate to almost 15 percent. How far does the number reflect reality – and what does it actually mean for the gold market?Apocalypse in the US Labor Market 14.7 percent. Remember this value well, as it will go down in history. This is the official US unemployment rate for April...Read More
Over the last 50 years there have virtuallybeen no significant Silver rallies during a period when the US Dollar index hasbeen rising.If you are betting on a massive Silver rallywhile US dollar strength continues, then you have a very low probability ofsuccess. Similarly, if you bet on a massive Silver rally while the US dollarcontinues a long decline, then you have a great chance of success.So, f...Read More
By Stefan GleasonFoodflation is registering at the checkout lines of your local grocery store - and in a bigger way than has been seen in decades.On Tuesday, the U.S. Labor Department reported that grocery prices paid by consumers surged 2.6% in April. That's the largest one-month price spike recorded in 46 years.Food Costs JumpBLS/CNBCThe last time a food shock of this magnitude hit consumers w...Read More
The April federal budget deficit came in at a staggering $738 billion as government coronavirus stimulus began flowing through the pipelines and revenue dipped due to the government lockdowns.Analysts expected a massive deficit in April, but it's still a staggering number. To put it into perspective, the previous record for a single month was $235 billion and that was just in February of this...Read More
By: Ira EpsteinGold chart action shows the triangle forming, the apex with the bulls in the control at its downtrend test..Read More
The mirage of quick growth vanished and realty bite came after Federal Reserve chairman Powell dashed hopes an early US economic recovery. He also struck down any chances of negative interest rates. Gold rose as a result. There was short covering in gold as well. At the moment gold looks headed for $1760. Silver will follow the trend of industrial metals. Overall sharp correction in silver will...Read More
As we're being subjected to "UNLIMITED" expansion of our debt burden via currency debasement and the latest round of bank bailouts, what is the REAL price?Craig Hemke interviewed by Dunagun Kaiser on Reluctant PreppersAs we're being subjected to "UNLIMITED" expansion of our debt burden via currency debasement, and the latest round of unimaginable bank bailouts, what is the REAL price of sound mone...Read More
Silver may have been held in check at $15 over the last few weeks, but the action beneath the surface is STUNNING...Ed Steer interviewed by Chris Marcus on Arcadia EconomicsWhile the silver price has been held in check at the $15 level over the last few weeks, that doesn't mean nothing is going on. Because to the contrary, the action beneath the surface is the most stunning thing I've studied in m...Read More
MAC surveyTORONTO - Coinciding with National Mining Week, the Mining Association of Canada (MAC) has released a new national poll that highlights public enthusiasm for Canada to grow market share as a preferred global supplier of critical minerals, based on abundance and leading environmental standards.As demand for minerals and metals continues to grow, there is increasing focus on what are refer...Read More
May 14, 2020Toronto, Canada (May 14, 2020) - Mega Uranium Ltd. (MGA: TSX) announces that it has entered into an agreement with NXGold Ltd. ("NX") to grant to NX (following receipt by NX of the necessary conditional approvals of the TSX Venture Exchange) a two-year option to purchase Mega's Ben Lomond uranium property located in Queensland, Australia (the "Ben Lomond Option"). As consideration fo...Read More
Diamond companies slowly resuming operations. Focus on China and Hong Kong as exports recommence. Some US retailers opening amid significant changes to customer engagement in new digitized, low-touch economy. Major jewelers returning memo inventory and trying to revise supply agreements to include longer payment terms. Dealer market facing liquidity crunch. Rough trading at a near standstill, with...Read More
RAPAPORT... During lockdown, there comes a time when one simply doesn't want to be told anymore that we're in this together - "even though we may be apart."While plunging further down that YouTube rabbit hole, as we all often have in the past three months, ad after ad has tried to lift our spirits with corporate pep talk. Some appealed to our emotions, but more stood out through humor or a clever...Read More
RAPAPORT... Mumbai has dispatched its first diamond exports since India's lockdown started, after the regional government allowed limited activities to resume at the city's Bharat Diamond Bourse (BDB).The first shipments took place on Tuesday, with 80% to 85% of the goods destined for Hong Kong, BDB president Anoop Mehta told Rapaport News Thursday. The rest went to Dubai, Antwerp, the US and...Read More
RAPAPORT... As diamond markets start to return, the Rapaport news team discusses prospects for the industry in the coronavirus era.In the latest episode of the Rapaport Diamond Podcast, we discuss the extent to which things have fundamentally changed in the past two months and what that means for the trade's future. We assess whether the industry will maintain its sense of community in the new vir...Read More
(IDEX Online) - Ernie Blom has won the first stage of a legal battle against the World Federation of Diamond Bourses (WFDB), from which he stepped down as president last month. A court has threatened the WFDB with a $27m fine if it complies with a request to suspend him as a bourse member.Mr Blom challenged the right of the WFDB to have him banned from one of its member bourses, the Dubai Dia...Read More