Is Paul Volker a legend or a myth? He's largely credited as the man who broke the back of inflation. While he vigorously attacked inflation through double digit interest rates, but that was after the Fed had dramatically raised the money supply and caused the inflationary wave we were suffering through. History will be the judge of interest rate manipulation.Read More
Holiday shopping set records this past weekend, with Super Saturday sales reaching $34.4 billion, the largest single day in U.S. retail history, according to Customer Growth Partners.Continue...Read More
On a day when most Americans are spending time with family and friends, gold logged a significant breakout on its chart. Continue...Read More
For full ownership, the earn-in period is two years. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release it entered an agreement to earn in 100% of AurCrest Gold's Western Fold property in Ontario's Red Lake District."We see the Western Fold property option as a low cost and potentially high reward opportunity for the company while we continue to advance our flagship Pamlico pr...Read More
The highlights and benefits of the transaction are provided in a Haywood report. In a Dec. 17 research note, Haywood analyst Kerry Smith purported that Equinox Gold Corp.'s (EQX:TSX.V) acquisition of Leagold Mining is "a good transaction at a good price" and recommended accumulating shares.Smith outlined the deal. With the transaction, Leagold shareholders will receive 0.331 of an Equinox share,...Read More
The latest findings are reviewed in an Echelon Wealth Partners report. In a Dec. 16 research note, Echelon Wealth Partners analyst Ryan Walker reported that Osisko Mining Inc.'s (OSK:TSX) recent drill results showed the "Lynx zone growls." The Lynx deposit is part of Osisko's Windfall Lake gold project in Quebec. Walker reviewed the new results, which are from one surface and six wedge holes at L...Read More
Whata classic day Friday was! Gold moved a bit lower, miners moved significantlylower, and silver rallied. Truly classic and outstanding performance if oneenjoys seeing topping patterns that are playing out according to their usualand likely characteristics. And Monday’s early session seems to be an encore. Let’sstart with the examination of the most recent price action in gold. Whatwe...Read More
David HaggithThis little monster that feeds beneath the surface of global banking at its core briefly raised one ugly eye out of the water as 2018 turned into 2019. I wrote back then that the interest spike we saw in the kind of overnight interbank lending known as repurchase agreements (repos) was just the foreshock of a financial crisis being created by the Fed's monetary tightening. I said th...Read More
Joseph T. SalernoThe flood of obituaries that noted the passing of Paul Volcker (1927-2019) last week have almost all lauded his achievement as Fed chair (1979-1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s.Volcker was referred to as the "former Fed chairman who fought inflation" (here); "inflation tamer" and "a full-fledged inflation warrior" (here...Read More
- Clint Siegner, Money MetalsZero Interest Rate Policy (ZIRP) was considered "extraordinary" when central bankers rolled that out roughly ten years ago. At that time, people would still have laughed at the idea of negative interest rates. Lenders didn't pay borrowers and nobody paid their bank to hold their deposits.So much has changed in the past 10 years. Now negative interest rate policies (N...Read More
StrengthsThe best performing metal this week was silver, up 1.57 percent with money managers raising their net long position by about 20 percent. The number of gold bulls outnumbered the bears for a third straight week, according to the Bloomberg survey of gold traders and analysts. Turkey increased its gold reserves overall in the month of November to 18.16 million ounces, up from 17.79 milli...Read More
Gold and silver are bullish at the moment and can rise further. The more the rise, the more will be short covering and increase in long positions. This a golden Christmas for gold bulls but not so golden Christmas for the masses. Central bank are eating away are hard earned by using inflation as a policy measures for decision making. Inflation is nothing but price rise. Salaries are stable for m...Read More
RAPAPORT... Alrosa has sold a 20.69-carat polished yellow diamond to Graff, achieving one of the highest prices per caratfor a stone of its type in recent years, the miner said Tuesday. Alrosa did not disclose the final sale price of the Asscher-cut, fancy-vivid-yellow,VS1-clarity stone. However, the sale was significant as itwas made without the involvement of other parties, the company note...Read More
RAPAPORT... The upcoming International Diamond Week in Israel (IDWI) willfeature exhibitors from outside the country for the first time, in the hopes ofdrawing in more buyers. "There has been a lot of interest on the part of internationalcompanies to exhibit at the show, and this year we've decided to allow it,"explained IDWI chairman Ezra Boaron. "The diamond world thrives on trading, andI b...Read More
RAPAPORT... Mountain Province recovered more than 5,000 micro-diamondsfrom Gahcho Ku?(C)'s new Wilson pipe during its initial drilling program. The Canadian miner retrieved 1.7 tonnes of kimberlite fromtwo drill holes at the site, it said Monday. Of the 5,564 stones treated at theSaskatchewan Research Council, 86 were over 0.85 millimeters, weighing a totalof 2.23 carats. "These results, [wh...Read More
(IDEX Online) - Graff Diamonds has acquired the 20.7-carat Firebird diamond directly from Alrosa. While no price has been disclosed, the sale is apparently one of the highest prices per carat for such a stone in recent years. The GIA graded the Asscher-cut diamond as Fancy Vivid Yellow / VS1 with excellent polish and symmetry. "It is extremely rare and very special in the world of diamonds to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Volumes on U.S. and Canadian equity markets are expected to be well below average today prior to the Christmas Holiday tomorrow. U.S. and Canadian equity markets close at 1:00 PM EST.Advanced Micro Devices added $0.68 to $46.04 after RBC Capital raised its target price from $50 to $53. Bo...Read More
As the Association for Mineral Exploration (AME) gears up for the 37th annual Mineral Exploration Roundup conference from Jan. 20 to 23, 2020, it is time to take stock of the past year and look ahead to the potential for mineral exploration and development in 2020.It seems that 2019 was a unique year for the industry as it has been challenging for some junior explorers to attract investment despit...Read More
The first copper concentrate has been shipped from Nevada Copper's (TSX: NCU) Pumpkin Hollow project in Nevada to the company's offtake partner Concord Resources.Production at the Pumpkin Hollow processing plant started on Dec. 16 and the company expects the underground mining operation will ramp up to full commercial production in the first half of 2020.Pumpkin Hollow is the first new copper prod...Read More
The Baldi's Basics gang are back! This time Tommy must capture all the students in the Christmas park and then escape Santa Baldi! Also, most importantly, NO THROWING SNOWBALLS IN THE PARK!Watch Tommy escape Mama Tattletail in this same park! https://www.youtube.com/watch?v=M-5tp...Merry xmas eve!Visit my official website! https://www.tommyspuppetlab.com/The puppets use Instagram! https://www.inst...Read More