Mike Gleason: It is my privilege now to welcome back David Smith, SeniorAnalyst at The Morgan Report and regular contributorto MoneyMetals.com. David, it's good to talk to you as always and how areyou my friend? David Smith: I'm just fine and it's great to be back, Mike.Mike Gleason: Yeah, well it's been a handful of months since we had youon, and I've got a lot of to...Read More
Gary Christenson, The Deviant InvestorSince 2009 stocks have risen into a bubble fueled by inexpensive debt, buybacks and QE. Most commodities have not matched the price increases. Palladium is an exception more later.The ratio of the commodity index to the S&P 500 Index sits at a historic low. Commodity prices are relatively low, and the S&P 500 is too high. That ratio will reverse.WHY? The b...Read More
StrengthsThe best performing metal this week was palladium, up 4.91 percent as hedge funds cut their bullish positions to a 17-month low. January's 22 percent slump in China's car sales could dampen demand short-term. Federal Reserve Chairman Jerome Powell testified before Congress this week and commented that "low rates are not really a choice anymore, they are a fact of reality." Powell sugg...Read More
Keith Weiner, Monetary MetalsThe price of gold rose $14 and the price of silver fell $0.07. The gold-silver ratio rose further with this price action.Welcome to our new Gold and Silver Market Report, or "Market Report" for short. We are separating this from the economics essay, which was attached for many years. As they used to say in many toy commercials of yore, "batteries sold separately" or...Read More
- RambusOver the last few weeks or so I've been writing a lot on the critical inflection point the PM complex was showing us. Today's price action is an important step in confirming the potential bullish outcome. There is still more work to be done from a longer term perspective but its one step at a time until total confirmation is attained.Lets start with the daily line combo chart we've bee...Read More
By: Ira EpsteinGold still needs to take out the missile day highs. Gold looking bullish with upside bias..Read More
Gold broke past $1600 after World Health Organization had cautioned there was not yet enough data to know if the epidemic had slowed. World Health Organization (WHO) Director-General said Chinese data "appears to show a decline in new cases" but any apparent trend "must be interpreted very cautiously." Russia said it will suspend entry of many Chinese citizens. Corporate profitability will be af...Read More
Meanwhile in Mexico, "silver produced in Mexico should stay in Mexico and be used to strengthen the savings of the Mexican people"...(Silver Doctors Editors) Mexico is talkin' plata again!The Silver-Backed Mexican Peso that is!Meet Fernandez Norona:He's a federal politician in Mexico.He would be comparable to a Federal Congressman in the United States, and this month he's been fighting the good fi...Read More
RAPAPORT... Star Diamond Corporation has accused Rio Tinto of not complying with the terms of a joint-venture agreement for operating the Star-Orion South exploration project in Canada. In 2017, Rio Tinto entered into a deal with the Canadian miner giving it the right to acquire shares in the proposed mine in Saskatchewan. In November, five years earlier than its original deadline, Rio Tinto...Read More
RAPAPORT... Lucapa Diamond Company is coming closer to finding the kimberlite source of its high-quality alluvial diamonds. it said Wednesday.The miner will drill seven new kimberlites located just upstream of the high-value portion of its Lulo mine in Angola, after "highly encouraging" initial exploration results. Lucapa has already recovered 45 diamonds weighing a total of 3...Read More
RAPAPORT... Former HRD Antwerp chief Peter Meeus has made a second offer to buy the Belgian laboratory, after its owners rejected his initial proposal."I'm going straight to the Hoveniersstraat 22 to [deposit] my new bid," Meeus said Tuesday in a presentation to the Antwerp trade, referring to the address of the Antwerp World Diamond Centre (AWDC). "It's a binding bid subject to due diligence...Read More
RAPAPORT... New York-based diamond collector and wholesaler L.J. West has purchased a 6.21-carat fancy-intense-pink-purple diamond from Alrosa.The stone, one of three the Russian miner cut and polished from a 20.18-carat rough it found in one of its Yakutia mines in 2017, was purchased directly from Alrosa, L.J. West owner Larry West said. A diamond of its color is generally only found in Rus...Read More
Canadian exploration junior Star Diamond said on Tuesday that it would take all necessary actions to ensure that its interests in the Star-Orion South project, in which Rio Tinto Exploration Canada (RTEC) is earning into, were protected.The company said that RTEC’s purported exercise in November 2019 of its four options under the option to joint venture agreement of June 2017 did not comply...Read More
(IDEX Online) Collector Larry West has added a unique Siberian stone to his famed array of pink diamonds. He is now proud owner of a 6.21-carat cushion cut fancy intense pink purple diamond that was unearthed and polished by Alrosa. The stone, from Yakutia, a region in northeastern Siberia, came with an electronic passport that included a detailed visual history of its extraction and production,...Read More
(IDEX Online) - Lucapa reports "promising" results in its search for alluvial diamonds in Lulo, Angola. The ASX-listed Lucapa Diamond Company says 45 diamonds of up to 3.75 carats, and a number of D-colours (according to preliminary analysis), have been recovered from stream bulk sampling. The exploration of hard-rock kimberlite sources is taking place in the Canguige tributary draining into the...Read More
Star Diamond Says Rio Tinto Options Exercise not Compliant with JV Terms(IDEX Online) - Star Diamond Corporation has told Rio Tinto Exploration Canada Inc. (RTEC) that its "purported exercise" of its four options under the Option to Joint Venture Agreement did not comply with the terms of the agreement. In November 2019, Rio Tinto announced its intention to take a majority ownership in...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesAlways a good measure of the underlying economy, the copper price has stabilised and even appears to be showing a modest upward trend as speculators take early-bird positions in what they believe willRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesIt said the community of Chilloroya had formally approved a surface rights agreement, although it said additional consultation between the government and local community was required before HudbayRead More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesWhile Canaccord's head of mining research Reg Spencer believes the full impact of coronavirus is yet to be felt, any assumption around it being brought under control means the current period could in fact represent a ‘buying' opportunity on the basis of future stimulus spending in China. As such, Spencer is positi...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe index put the month's average at 90.1, up from December's 88.9.The figures have ranged over the past 12 months from 85.2 in April to 93.8 in July.Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe observations showed activity was "particularly strong" in Europe during January, and while there was a slight re...Read More