Gold and silver will remain firm as long unless a vaccine to the Chinese corona virus is found. Treatment is there for the virus but there is no vaccine. The quicker the spread of the corona virus globally the quicker will gold and silver rise. Yen will also fall sharply if the numbers zoom. Numbers (of people affected by the corona virus) are suppressed or fudged globally to prevent a panic. Sp...Read More
In part three of the series, "All About Private Placements," Maurice Jackson of Proven and Probable talks with Tekoa Da Silva, a financial adviser with Sprott USA, about details of private placements, including removing restrictive legends, exercising warrants, timing of private placement tranches, and understanding corporate share structures. Maurice Jackson: Thank you for joining us for the thi...Read More
The company's vice president was recognized for her role in advancing a deposit in Nevada. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release that its vice president of exploration and geoscience, Dr. Moira Smith, received the Association for Mineral Exploration 2019 Colin Spence Award for her "essential contribution" in discovering and delineating the Long Canyon gold deposit...Read More
The chief geologist believes the deposits are part of a large, emerging trend. Megastar Development Corp. (MDV:TSX.V; MSTXF:OTC; M5QN:FSE), a small-cap exploration company focused on the emerging Oaxaca Gold-Silver Belt in Mexico, has conducted fieldwork over two months that has revealed multiple targets for further exploration. The fieldwork is being overseen by David Jones, chief geologist and...Read More
Sector expert Michael Ballanger examines the possible effects the emergence of the coronavirus in China may have on markets, and offers his observations on January's market performances. There is a local casino just "up the road" from where we reside that we visit (once in a blue moon), small sums of pocketed cash in hand, to play a few favored slot machines to see if we can defy the house odds...Read More
A new day, a new record in palladium! Is there any stopping it fromreaching another high? What’s next in store for the white metal? If you thought gold had a goodyear, you were wrong. OK, maybe not wrong, but palladium enjoyed larger gains. Just look at the chart below, whichshows the price of palladium. As you can see on the chart below, this metalgained almost 50 percent in 2019, rising fr...Read More
Gold stocks are often cited as recessionproof stocks. Although this has not always been true, they do tend to rise whenthe economy is in a recessions and/or when the general stock market is indecline or showing relatively little gains. Below, is a long-term chart of the Dow:I have indicated significant gold stocksrallies with blue rectangles. As you can see that they mostly occur aroundDow/Gold ra...Read More
By: Ira EpsteinGold's short to long-term technicals:Read More
Friday's nasty stock-market reversal was the most interesting we've seen in a long while. The ostensible cause of the selloff was mounting anxiety over the spread of the deadly coronavirus from China to the U.S. and elsewhere. Three cases have been reported so far in the U.S. and 2,000 worldwide, and although no one seems to expect a major outbreak in North America, it's not hard to imagine a me...Read More
Gold and silver will remain firm as long unless a vaccine to the Chinese corona virus is found. Treatment is there for the virus but there is no vaccine. The quicker the spread of the corona virus globally the quicker will gold and silver rise. Yen will also fall sharply if the numbers zoom. Numbers (of people affected by the corona virus) are suppressed or fudged globally to prevent a panic. Sp...Read More
The uranium spot price has hovered around US$25 per lb. over the better part of the last year and long-term pricing is at the US$32 per lb. level. The prolonged bear market and weak macro-environment continue to erode investor confidence in the primary uranium producers, which in some cases have been forced to curtail output to trim operating costs and stem losses.Market stresses on uranium produc...Read More
ONTARIO - The Nuclear Waste Management Organization (NWMO) announced that it has signed a number of agreements with landowners in South Bruce, Ont., that will allow sufficient access to land for studies at a potential deep geological repository location.In a press release, the NWMO said the community is one of two potential host areas that remain in the site selection process for the project. The...Read More
RAPAPORT... Diamcor Mining's rough-diamond sales were flat year on year in the third fiscal quarter, as a shift to lower-quality goods led to a drop in the average price.The company sold 13,218 carats for $1.4 million during the period ending December 31 at an average price of $107 per carat, it said last week. That compared to the $1.4 million it earned during the same period the previous ye...Read More
RAPAPORT... Petra Diamonds' shares fell 11% in early trading Monday after the miner reported a slide in revenue resulting from weak rough prices.Revenue fell 6% to $193.9 million in the first fiscal half ending December 31, while sales volume was stable at 1.7 million carats, Petra said Monday.Rough prices fell 10% due to the weak market, while a poorer product mix from Petra's Finsch mine in...Read More
RAPAPORT... Martin Rapaport will be one of a number of speakers at this year's Palm Beach Show, where he will give a lecture explaining the challenges and opportunities in the diamond trade.The 17th edition of the annual event, previously known as the Palm Beach Jewelry, Art & Antique Show, will feature exhibitors from the jewelry, art, antique and design industries in one location.Other...Read More
(IDEX Online) - Sales of fine jewelry and fine watches continued to rise in November 2019, increasing 3 percent compared to November 2018, as seen in the graph below. This marks the fifth successive month of positive sales. If the results are down slightly over October - just 0.2 of a percent - it's still evidence that there is some momentum in the market. OutlookWhile many jewelry retai...Read More
(IDEX Online) - Petra Diamonds Limited has announced that while its production for the six months ended December 2019 was up 3 percent to 2,070,240 carats (H1 FY 2019: 2,019,147 carats), revenue for the same period was down 6 percent. Revenue fell to $193.9 million from 1,743,807 carats (H1 FY 2019: $207.1 million from 1,736,357 carats).The decline in revenue comes from lower diamond prices and th...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesCochilco analyst Camila Montes said desalination use would grow most in the drier northern parts of the country, forecasting 65% usage in Antofagasta, 60% in Tarapaca, 42% in Atacama and 25% in Coquimbo. Some 90% of the desalinated seawater will be used in the processing of copper sulphide ores for the production of copper concentr...Read More
U.S. equity index futures were sharply lower this morning. S&P 500 futures were down 48 points in pre-opening trade. Index futures responded to intensified worries that the coronavirus will spread.Gold responded to coronavirus fears by gaining $9.80 to $1,581.70 per ounceCrude oil responded to coronavirus fears by dropping $1.48 to $52.71 per barrel.DR Horton slipped $0.48 to $58.02 despite re...Read More
Palladium One Mining (TSXV: PDM; US-OTC: NKORF) has reported anomalous nickel, copper and cobalt in soil samples from the Smoke Lake anomaly at its 103-sq.-km Tyko property near Marathon, Ontario.Assays include 238 parts per million (ppm) nickel, 108 ppm copper and 10 ppm cobalt in one sample as well as 46 ppm nickel, 54 ppm copper and 13 ppm cobalt in a second sample.."These soil values represent...Read More