Flip flop, flip flop. Another day, another journey into the confusing world of Trump trade deals.Continue...Read More
In our view, the price of Gold has been systematically manipulated for years-particularly recently. We have seen sales of paper contracts being "dumped" thus boosting a false belief that gold and precious metals offer little if any potential for capital gains. Simply stated, it is a scam and a deception. Let's just suppose for a minute what would have happened if Germany had demanded immediat...Read More
The mine developer extends its sampling program to include two historical shafts. Goldcliff Resource Corp. (GCN:TSX.V) announced in a news release the results from extended sampling at the past producing Lone Star mine at its Nevada Rand project. Two areas were accessed, mapped and sampled. One was the lower levels of the Nevada Rand shaft. Sampling at the 250-foot level, which contains the most...Read More
Bob Moriarty of 321gold profiles one of the few pure-play silver companies. When the precious metals bull begins to roar, silver roars along with it. In general, when the metals go down silver goes down more and faster than gold. When precious metals climb, silver climbs faster and goes higher. So if you believe that we are in a metals bull market you may well want to own a good silver stock. Tha...Read More
The company's performance during the quarter is covered in a Haywood report. In a Nov. 1 research note, Haywood analyst Kerry Smith reported that Equinox Gold Corp. (EQX:TSX.V), in its first quarter of commercial production at the Aurizona mine, "delivered a solid Q3/19, beating expectations, and is already generating free cash flow."Smith highlighted that Equinox's Q3/19 financials beat expectat...Read More
Recently, we posted a multi-part researchpost suggesting a collapse in Crude Oil could be setting up and how we believethis decline in energy prices may lead to a broader market collapse in the nearfuture. Crude oil fell more than 3% onNovember 19 in what appears to be a major price reversal. On November 20, inventory levels and otherkey economic data will be presented – could th...Read More
Department of Justice prosecutors charged a sixth JPMorganexecutive for cheating in the precious metals markets. Jeffrey Ruffo stands accused of racketeering andspoofing metals prices from 2008 - 2016, along with other crimes includingconspiracy to commit wire fraud.The indictment outlines nearly a decade spent coordinating withother traders in JPMorgan’s precious metals department...Read More
David HaggithConsider this a travelogue in pictures (graphs and charts really) that presents a rather striking and comprehensive image of a nation journeying into recession. Our decline is steeper now than it was even in my retelling of economic turns during the summer and early fall.While the stock market has continued to rise (and I never said it wouldn't rise this year until and unless rece...Read More
Gary Christenson, The Deviant Investor You know the monetary drill:Commercial bankers and central bankers create more digital dollars from nothing, inject them into the economy, dollars devalue and prices rise. They issue press releases claiming they are doing a great job.Commercial and global central bankers are counterfeiting (legally). This benefits the financial and political elite. Don't e...Read More
By: Ira EpsteinGold has not yet established an uptrend, working off the oversold condition. Gold not trending one way or another yet..Read More
With no end to Federal Reserve easing in sight, what will the reaction be in the gold and silver markets?by Chris Marcus via Arcadia EconomicsWith no end to Federal Reserve easing in sight, what will the reaction be in the gold and silver markets?Jim Willie, editor of The Hat Trick Letter on The Golden-Jackass.com talks about whether we might see a moonshot in the precious metals markets, the po...Read More
Why does the Justice Department throw traders under the bus and go along with the charade that senior management saw, heard, and knew nothing?by Ted Butler of Butler Research via Silver SeekA Genuine DilemmaYet another former precious metals trader from JPMorgan has been indicted for spoofing and price manipulation by the US Department of Justice. Between all the criminal guilty pleas and in...Read More
"...their negative impact on silver demand, has been mitigated by higher silver loadings, especially in the all-important..."(Silver Doctors Editors) The The Silver Institute just released their Metals Focus Interim Silver Market Review.The review is titled Silver to remain in a small surplus in 2019, but improving investor sentiment will help drive the price higher.On interesting thing to note i...Read More
Market sentiment improves as focus shifts to retail aheadof Thanksgiving weekend. Jewelers preparing Black Friday promotions, withstrong emphasis on e-commerce. Department stores and mall-based retailersoffering heavy online discounts to entice customers. A lot of diamonds out onmemo. Dealers maintaining firm prices for RapSpec A3+ diamonds, with positivetrend in dossiers as reduced manufacturing...Read More
Surat manufacturing backto normal as most workers have returned after Diwali break. Steady rough demandas factories raise polished production. Shortages in select RapSpec A3+ diamondswith no fluorescence. Overseas buyers, mainly from Israel and China, lookingfor SI to I1 goods, with some improvement in 0.30 to 0.50 ct., G-J, VS-SIstones. Local jewelry market relatively slow as wedding season begin...Read More
RAPAPORT... The World Jewellery Confederation (CIBJO) has votedto establish a lab-grown diamond committee that will determine rules for the synthetics sector. The CIBJO board approved the move at the confederation's 2019 congress in Bahrain, which took place from November 18 to 20. The committee will include members of an existing working group that comprises CIBJO officers, as well as representat...Read More
(IDEX Online) - The World Jewellery Confederation, CIBJO, has established a new laboratory-grown diamond committee. The new committee will establish operating practices specific to the lab-grown trade. It will operate under the umbrella of the organization's Diamond Commission and is being formed from an ad hoc group working established last year that included CIBJO officers and official...Read More
RAPAPORT... Phillips will feature a blue diamond ring by Tiffany & Co. at its upcoming New York Jewels auction, expecting it to fetch up to $2.5 million. The cut-cornered square modified brilliant-cut, 3.02-carat,fancy-intense-blue, VS2-clarity diamond ring will lead the December 9 sale, the auction house said Wednesday. An assortment of colorless diamonds will also go under thehammer, includ...Read More
(IDEX Online) - Miner Zultgems has sold its private collection of Zultanite to jeweler Kat Florence and Provenance Gems USA in a bid to raise capital to relocate a lost Zultanite vein. The company has been struggling to find this vein for the past three years.Florence acquired the larger pieces of the collection while Provenance Gems, which has retail locations throughout the U.S and Caribbea...Read More
RAPAPORT... Tiffany & Co. has appointed former Barneys New York CEODaniella Vitale as executive vice president and chief brand officer, a newlycreated role that combines merchandising and marketing, Bloomberg reported. Vitale left the department store earlier this month,after it filed for bankruptcy and subsequently sold to Authentic Brands Group. "In her time at Barneys, Daniella was an arbi...Read More