Gold faces big resistance between $1590-$1610 zone. Only a break of this zone will result in $1707.50 and $1822 in the near term. Short term hot money will flow into gold if it rises this week. Gold could be a Las Vegas if it rises this week. The quicker the pace of rise, the more will be short term volatility in gold. I will be closely watching the pace of rise and not the actual rise. Silver i...Read More

Technical analyst Clive Maund discusses the effects of geopolitics on the price of gold. Gold barsIn this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian general and its potential implications for the gold pric...Read More

Bob Moriarty of 321gold discusses the highly anticipated drill program at the Pueblo Grande property. We are in the best time of the year to be invested in resource stocks. That is from late December into perhaps March. Add to that a quite insane U.S. President eager to accelerate the start of World War III for Israel and you have what at least will be an interesting environment until the U.S. ei...Read More

Technical analyst Clive Maund discusses recent movements in the price of silver. Unlike gold, which has forged ahead, there has been very little change in silver since the last update. This is not surprising because gold is stronger than silver during the earliest stages of a new bull market, while silver performs the strongest during the late stages of a bull market as investors "throw caution t...Read More

Another year of covering commodities and select junior mining stocks is all but done and dusted.  We’ve seen palladium prices more than double those of platinum, its sister metal, on tight supply and high demand for catalytic converters in gas-powered vehicles, as smog-belching diesel cars and trucks get phased out to meet tighter air emissions standards particularly in Europe...Read More

We often cover the ongoing JPMorgan silver bullion saga here. It seems we have a new twist in the ongoing story since JPMorgan's takeover of the bankrupt Bear Sterns short silver position in early 2008.Late last year, in early November 2019, CBS’ 60 Minutes show did a puff Public Relations piece for the CEO of the world’s largest and Global Systematic Important Bank.Here we see 60 Minu...Read More

Gold miners’ stocksblasted higher this past week, breaking out of their correction downtrend.  Rapidly-improving psychology fueled suchstrong upside momentum that sector benchmarks are challenging months-old upleg highs.  Most traders assume this is righteous, that goldstocks’ next upleg is starting to accelerate. But key indicators argue the contrarian side, that this b...Read More

Strengths? The top performing precious metal for 2019 was palladium, gaining 54.20 percent. In a weekly Bloomberg survey of analysts and traders, gold sentiment remained marginally bullish the first days of the New Year. The survey showed eight bullish, two bearish and seven neutral. At week-end, gold advanced toward a six-year high, climbing 1.5 percent to $1,551 an ounce in Lon...Read More

Dear Friend of GATA and Gold:Our friend B.A. tonight challenges optimism among gold and silver investors that the latest crisis in the Middle East will explode Western central banking's longstanding gold price suppression policy.Ordinarily your secretary/treasurer would agree with him and change the channel from news to anything promising comic relief. After all, these geopolitical crises never...Read More

Gold faces big resistance between $1590-$1610 zone. Only a break of this zone will result in $1707.50 and $1822 in the near term. Short term hot money will flow into gold if it rises this week. Gold could be a Las Vegas if it rises this week. The quicker the pace of rise, the more will be short term volatility in gold. I will be closely watching the pace of rise and not the actual rise. Silver i...Read More

RAPAPORT... Lucapa Diamond Company earned $6.4 million from its last rough sale of 2019, bringing its total for the year to $55 million.The miner sold 3,274 carats from its Lulo mine in Angola for $3.4 million at an average price of $1,037 per carat, it reported in December. Additionally, the company sold a total of 6,617 carats of rough from its Mothae mine in Lesotho, netting $3 million at...Read More

RAPAPORT... Consumer confidence fell slightly in December, The Conference Board reported, forecasting that spending would not improve significantly in early 2020.The business-data provider's Consumer Confidence Index decreased marginally in December to 126.5 from 126.8 in November, reflecting Americans' lower short-term expectations for income and jobs. Consumers' assessment of current market...Read More

RAPAPORT... De Beers and Dominion Diamond Mines have submitted paperwork indicating their desire to expand exploration at their current projects in Canada.In a December 31 permit request to Canada's Mackenzie Valley Land and Water Board, De Beers noted interest in exploring 11 new targets at the Gahcho Ku?(C) mine by the end of February.Of the 11 locations, three are currently ready for drill...Read More

(IDEX Online) - A panel debate about the future of diamonds will take place at the upcoming Vicenzaoro January show. The debate, which has been organized by The Futurist CEO Paola De Luca, will be introduced by Gaetano Cavalieri, president of CIBJO. The speakers are designer Tomasz Donocik; Esther Ligthart,  jewelry blogger and writer, David Brough, editor and co-founder of Jewellery Out...Read More

(IDEX Online) - Lucapa Diamond Company Limited said its production hit a record high in 2019. Annual production reached 49,120 carats with sales from the Mothae kimberlite mine in Lesotho and the Lulo alluvial mine in Angola in totaling $55 million. During Q4 they produced 287 +4.8 carat diamonds, making a combined total of 1,164 such stones during the year including five diamonds sized over...Read More

(IDEX Online) - The non-profit organization Mercury Free Mining (MFM) will test a new technique that could end the use of toxic mercury in artisanal gold mining. The new technique has been developed by Sluice Goose Industries and uses the Goldrop gold separating processor, which it says is significantly more efficient than traditional gold panning. The process will be tested over a 10-da...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesProvincial governor Rodolfo Suarez issued law 9209 to reform water protection law 7722 of 2007, which effectively prohibited mining through banning the use of cyanide (used in gold processing) and sulphuric acid (used in copper processing).Suarez also announced his support for 19 mining projects including those seeking to exploit u...Read More

U.S. equity index futures were lower this morning. Index futures are responding to increasing tensions between the U.S. and Iran. S&P 500 futures were down 17 points to 3,222 in pre-opening trade. Gold jumped $24.50 per ounce to $1,577.00 per ounce on increasing Middle East tensions. Gold moved above $1,566.40 to a seven year high. Also, Goldman Sachs upgrade gold to Buy.Crude Oil also respond...Read More

Dear Reader,Stocks ran red this morning… stained crimson by the blood of Iranian Gen. Qassim Soleimani.A Reaper drone of the United States Air Force sent this hellcat over the rainbow early Friday.The late departed was no second-rater, no minion. Explains Matthew Hoh of the Center for International Policy:The equivalent of the killing of Gen. Soleimani would be as if the Iranians assassinate...Read More

QUESTION: Marty, Do you think it will be time to short the bonds with the ECM? Gold had bounced off the Downtrend line instead of electing the bearish reversals and it rallied after the Pi turning point. You said if gold peaked with the bottom of the ECM it could then fall back to retest support. It looks as if that happens, the Fed will lose the battle and interest rates will rise after the ECM....Read More