"It is better to have and not need than to need and not have."- Franz KafkaUnderlying Conditions That Could Cause a CrisisI first wrote this guide in 2008, as the financial markets started to fall apart. I had concerns that the fiat fractional reserve monetary system could collapse, with bank runs, a dollar crash, supply chain disruptions, and rioting. The FED came to the rescue and pledged taxpa...Read More
You see Peter, some people would rather not have something fake, but would rather have real money, at any price, during this paradigm-shifting financial crisis...Look anywhere, and you will be HARD PRESSED to find one American Silver Eagle selling for less than $20!Why is the price for one ounce of real, physical silver over $20 right now?Premium creep.Paper is unlimited and infinite in our rigged...Read More
SD OUTLOOK: As the paper price totally disconnects from reality, physical precious metals, aka REAL MONEY, will now go into hiding...Well, what do you expect?The paper price of silver is totally disconnecting from reality.If you're one of those chart huggers, then go hit up Peter Brandt on Twitter and I'm sure he'd be happy to point out his entry point for some SLV.It is amazing to see such trust...Read More
March 16, 2020VANCOUVER, B.C. and TORONTO, ON- March 16, 2020 - NxGold Ltd. (TSXV: NXN) ("NxGold" or the "Company") and Mega Uranium Ltd. (TSX: MGA) ("Mega") announce that, due to adverse market conditions, they have mutually agreed not to proceed with the proposed change of business of NxGold from a mining issuer to a uranium-focused investment issuer and the acquisition of a portfolio of securit...Read More
RAPAPORT... Mountain Province has delayed its year-end results by a week due to the effects of the coronavirus, the Canadian diamond miner said Monday.The company and its auditors have been unable to complete the relevant work in time for the March 16 release date due to travel restrictions and self-isolation, it noted. The outbreak has not disrupted operations at its Gahcho Ku?(C) mine in th...Read More
RAPAPORT... The impact of the coronavirus on US retail supply chains may be larger than previously expected, as disruptions to transportation are likely to affect imports in March and April, the National Retail Federation (NRF) said.The NRF was already predicting a sharp drop in imports of goods from mainland China due to factory shutdowns and travel restrictions. However, as the virus spreads, sh...Read More
RAPAPORT... Diamond resources at Lucapa Diamond Company's Lulo alluvial mine in Angola are 25% higher than it originally estimated, according to an independent valuation.Lulo has 100,700 carats remaining in the mine, a December 2019 study by external consulting company Z Star Mineral Resource Consultants has found. That figure was reevaluated from a previous Lulo resource estimation conducted in D...Read More
(IDEX Online) - Pandora, the affordable jewelry retailer, today withdrew its financial guidance for 2020 saying it was "no longer meaningful" in light of the coronavirus pandemic.It also announced it had axed plans to buy back further shares.The Denmark-based company has 7,400 outlets and 28,000 employees, half of them manufacturing its goods in Thailand.Like-for-like sales in China had fallen bet...Read More
(IDEX Online) - GSI is to offer grading reports which identify enhancements to lab-grown diamondsIt says the move will increase consumer confidence by providing buyers with reliable information.The New York-based laboratory says that unlike other labs, it will disclose whether a diamond has undergone post-growth treatments or enhancements.Their reports include the same essential information a...Read More
(IDEX Online) - Estimated diamond reserves at the Lulo mine, in Angola, have been revised up by 25 per cent.Independent consultants have assessed in-situ resources as 100,700 carats, more than five times the 2019 output of around 19,000 carats.They also say the average dollar per carat value is 14 per cent higher than previously thought, up from $1,420 to $1,620.The Australia-based Lucapa Diamond...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSoap and avoiding unnecessary social contact have become mantras as there are now more than 145,369 cases confirmed and 5,429 deaths, but on the positive side of the ledger, 71,694 people haveRead More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSimich acquired another 50,300 shares for A$181,714 between Wednesday and Friday of last week, paying an average of $3.61 per share. Sandfire shares fell as low as $3.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resources"Since January the movement of goods and people within Mongolia have been restricted within and across its border and this has further escalated recently as the first case of COVID-19 has occurred in the country," said Rio."Work on the underground project continues, however, progress is being slowed as a result of these measures,"...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe index put February's average at 91.5, up 1.4 from January.However it was a smaller gain for February than in previous years, of 1.6 to 90.6 in February 2019 and a gain of 2.1 to 94.1 a year earlier.Artemis all set thanks to unique approachSPONSOREDartemis resourcesObservations included China's smelter activity continued to be s...Read More
The rout in the markets continued in early trading today, Monday March 16, with Asian equity indices down significantly and the pre-market Dow Jones Industrial Average Index (DJIA) futures already down by its 5% limit.Three-month base metals prices on the London Metal Exchange are down across the board by an average of 1.2%, in high volume of 11,892 lots, as at 6.43am London time. * Bank of Japan...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down the limit of 128.50 points. Index futures responded to rising coronavirus concerns in Europe and North America.Index futures moved lower despite strong action by the Federal Reserve yesterday. The Fed Fund Rate was slashed 1.00% to 0.00-0.25%.Consensus for March Empire State Manufacture Survey released at 8:30 AM EDT...Read More
QUESTION: You say that the reason why gold went up when the stock market crashed in 1929 is because gold was money back then. But what if you have it the other way around, and the reason why the USD was strong was because it was backed by gold back then? Now the USD is a fiat currency backed by nothing. Maybe the springboard bounce in prices will be in commodities?RRANSWER: Gold acts completely di...Read More
An induced polarization (IP) survey completed at Maple Gold's (TSXV: MGM) 355-sq.-km Douay gold project in Quebec has expanded the 531 Zone target area and identified a new and undrilled target over 600 metres of strike. In addition, one of two holes drilled to deepen a hole from 2019 intercepted a higher-grade narrow zone of mineralization, returning 3.5 metres of 5.96 grams gold per tonne.The s...Read More
Alamos Gold (TSX: AGI) has announced that it has entered into an agreement to acquire a 3% net smelter return (NSR) royalty on production from four claims at its Island Gold mine in Ontario for $75 million, reducing its company-wide cost guidance for this year by US$13 per ounce.The royalty, acquired from a private company, covered 71% of the current project reserves and a further 1.1 million oz....Read More
Lundin Mining (TSX: LUN) has put the brakes on zinc expansion activities at its Neves-Corvo operation in Portugal, joining the rising number of companies taking precautionary steps in the face of the global spread of the novel coronavirus."As the workforce for the project includes many contract employees who travel from other regions of Portugal and internationally, the risk is that the virus coul...Read More