Recent News

The Truth Behind The "Repo" Non-QE QE Money Printing

December 04, 2019 / news.goldseek.com

Dave Kranzler, Mining Stock Journal"The Fed first tried to justify the loans by saying they were a short-term measure to stem a liquidity crisis. But the so-called "liquidity crisis" has not prevented the stock market from setting new highs since the loan operations began on September 17. And the short-term operation has been running every business day since that time and is currently scheduled...Read More

Exchange For Physical?

December 04, 2019 / news.goldseek.com

Craig Hemke, TF Metals ReportTwo years ago, following a surge in the use of "Exchanges For Physical" by traders at the COMEX, Eric Sprott asked me to begin tracking and recording the daily totals for this practice as posted by the CME. It's time for an update.First, let's attempt again to discern what the heck an "exchange for physical" really is, because the truth of the matter is, no one reall...Read More

Precious Metals Update Video: Gold near key resistance area

December 04, 2019 / news.goldseek.com

By: Ira EpsteinGold had a big rally and getting up to key resistance spots. Lots of Tariff news:Read More

Asian Metals Market Update: Dec-4-2019

December 04, 2019 / news.goldseek.com

Relations between USA-China is moving from bad to worse. USA is interfering with Chinese sovereignty be it Hongkong or the South China Sea or Chinese dealing with Muslim minority. Gold and silver will remain firm as a result of this. Correction will be there if various US jobs numbers (release begins from today with November private ADP) beat street expectations. U.S. President Donald Trump warn...Read More

New Pacific Acquires the Silverstrike Project, Bolivia

December 04, 2019 / silverseek.com

VANCOUVER, British Columbia - New Pacific Metals Corp. ("New Pacific" or the "Company") is pleased to announce that the Company's wholly-owned subsidiary has signed an agreement with an arm's length private Bolivian corporation (the "Vendor") to acquire a 98% interest in the Silverstrike silver project (the "Silverstrike Project" or the "Project") from the Vendor by making a one-time cash payment...Read More

Holiday Season Opens with Solid Sales

December 04, 2019 / www.diamonds.net

RAPAPORT... The holiday season got off to positive start over the five-day Thanksgiving weekend, with observers seeing record online sales.About 124 million people shopped in stores, while 142.2 million bought online during the Thanksgiving period from November 28 to December 2, the National Retail Federation (NRF) reported. The average spend on holiday items across all platforms rose 16...Read More

GSI Warns of Color Instability in CVD Diamonds

December 04, 2019 / www.diamonds.net

RAPAPORT... Synthetic diamonds grown using chemical vapor deposition (CVD) could change color for an extended period following exposure to certain light forms, Gemological Science International (GSI) has warned. When testing a 2-carat CVD diamond,GSI exposed the stone to high-powered ultraviolet (UV) rays, during which it wentfrom near colorless to blue, the organization said Tuesday. This bl...Read More

GIA to Shut Down Dubai Operation

December 04, 2019 / www.diamonds.net

RAPAPORT... The Gemological Institute of America (GIA) will close its Dubai office by the end of the year, ending a decade-long presence in the city. The organization has offered education programs, including its Graduate Diamonds course and distance-education lab classes, in Dubai since 2008, and opened a take-in facility to ship stones for grading in 2010. Both services will close by Decemb...Read More

GIA Closing Dubai Take-in Facility

December 04, 2019 / www.idexonline.com

(IDEX Online) - The GIA (Gemological Institute of America) has announced the closure of its Dubai laboratory take-in facility and education location by the end of the year. The lab, a branch of GIA India Laboratory Pvt. Ltd., is no longer accepting stones for submission.According to an announcement on the GIA website, the decision to close the operation was taken to align its resources with its mi...Read More

Convicted Atlanta Diamond Fraudster Gets Jail Sentence

December 04, 2019 / www.idexonline.com

(IDEX Online) - An Atlanta man who tried to defraud dealers and wholesalers of nearly $1.2 million in diamonds and other high-end jewelry has been sentenced to almost eight years in federal jail, reports The Atlanta Journal-Constitution.He has also been ordered to pay over $567,000 in restitutionOver the course of almost two years, from November 2016 until September 2018, Cory Smith took advantage...Read More

Minerals Council members largely compliant with 2010 Charter requirements 

December 04, 2019 / www.miningweekly.com

JOHANNESBURG (miningweekly.com) – The Minerals Council South Africa on Wednesday published a report on the South African mining industry’s progress in transforming the industry in terms of the Mining Charter.The report was based on a study by advisory firm Moshe Capital into the council members' transformation and community development performance.AdvertisementMoshe based the study...Read More

Grid power restored at Firestone's Liqhobong diamond mine

December 04, 2019 / www.miningweekly.com

Aim-listed Firestone Diamonds has confirmed that stable grid power has been restored at its Liqhobong diamond mine, in Lesotho, and that the mine is processing at full capacity.The Lesotho Electricity Company-owned Muela hydropower station was brought back into operation on December 1, following a two-month shutdown period for maintenance.AdvertisementFirestone had to stall its processing plant op...Read More

Management shift to next generation set to accelerate, production guidance downgraded.

December 04, 2019 / www.mining-journal.com

Galena provides a leading lightSPONSOREDgalena miningGlasenberg said in London this week the remaining 'old guard' of management would be transitioned out next year, and that he himself would follow, once the next generation was ready.Read More

Rio Tinto thumbs up for the US, thumbs down for SA

December 04, 2019 / www.mining-journal.com

Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesUS takes long-term position on mineral supplySPONSOREDverisk maplecroftThe good news was confirmation that the big Anglo-Australian miner will invest US$1.5 billion to extend the operations of its 116-year old Kennec...Read More

Aurania soars on copper potential at Lost Cities

December 04, 2019 / www.mining-journal.com

Galena provides a leading lightSPONSOREDgalena miningIts share price has been on the rise over the past week since reporting it had Read More

Markets weaken as Trump prepared to wait for trade deal

December 04, 2019 / www.metalbulletinresearch.com

Non-haven markets are generally under pressure after United States President Donald Trump said he was prepared to wait until after the 2020 US presidential election for a trade deal with China.This has dented sentiment, sending gold prices and the yen higher, while US treasury yields have weakened. Asian equities are also weaker, led by a 1.6% fall in the Australia’s ASX 200. And the yua...Read More

The Most Wonderful Time of the Year? Not So Fast...

December 04, 2019 / dailyreckoning.com

Dear Rich Lifer,The holiday season is often hailed as "the most wonderful time of the year". For most that is true!Filling your days with hot cocoa, classic movies, and the smell of pine trees, baking cookies, or logs burning on the fire, along with the company of friends and family to warm your heart can be festive indeed. But for some, especially those further north, the long, dark winter months...Read More

First Cobalt advances Ontario-based refinery

December 04, 2019 / www.northernminer.com

First Cobalt (TSXV: FCC; US-OTC: FTSSF) has released an update on the progress of recommissioning its cobalt refinery in partnership with Glencore (LON: GLEN).The company expects to complete a prefeasibility study for a 12 tonnes per day restart scenario, as well as a second feasibility study for a 55 tonnes per day expansion in the first quarter of 2020. First Cobalt is evaluating recommissioning...Read More

Centamin rebuffs US$1.9B bid from Endeavour Mining

December 04, 2019 / www.northernminer.com

Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has rejected the US$1.9 billion all-stock takeover bid from Canada's Endeavour Mining (TSX: EDV) released earlier on Tuesday, saying it did not offer enough value to the company's shareholders.Centamin also said that the terms of the offer did not adequately reflect the contribution that it would make to the merged entity, adding that the comp...Read More

Gone to pot

December 04, 2019 / www.mining-journal.com

Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesUS takes long-term position on mineral supplySPONSOREDverisk maplecroftWe all, I think - possibly secretly - enjoy a little schadenfreude from time to time.Read More

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