Stocks are surpassing all-time highs as the trade war between China and the USA seems to be winding down. So why is the Fed still cutting rates like the economy is in a recession?Continue...Read More

Observations from a recent site visit there are provided in a BMO Capital Markets report. In an Oct. 22 research note, BMO Capital Markets analyst Andrew Mikitchook reported the main takeaways from a site visit to Premier Gold Mines Ltd.'s (PG:TSX) South Arturo joint venture project with Nevada Gold Mines. The primary highlight, Mikitchook indicated, is that the El Ni?o mine at South Arturo in Ne...Read More

Friday’ssession was exceptional for several reasons and the most profound ones aregold’s and silver’s sizable intraday rally, and the subsequent slide. Thereversals that both metals created are practically screaming signs pointing towhat’s next. The way mining stocks behaved, and how gold closed relative to itsprevious tops also have important implications, but let’s...Read More

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up Chris Powell of the Gold Anti-Trust Action Committee joins me and updates us on the recent developments in the gold and silver manipulation prosecutions and discusses how the price spoofing schemes by the bullion banks may be tied to trades by central banks working to keep a lid on prices.Chris also explains why he...Read More

StrengthsThe best performing metal this week was platinum, up 3.96 percent. Gold is back with a weekly gain and its best week in five, trading above $1,500 an ounce on hopes that the Fed will cut borrowing costs next week. The yellow metal also benefitted from haven demand due to geopolitical turmoil from Chile to Lebanon, plus volatility surrounding Brexit negotiations. Holdings in gold-backe...Read More

Avi GilburtThere is a significant amount of frustration from the bulls and bears alike as the market has been basically in a trading range for many, many months. So, before we go into my expectations for the coming months, I want to review how we got here.As the market began its rally off the December lows of 2018, my initial expectation was that we could top out as we headed into the March/Apri...Read More

Jordan Roy-ByrneFed rate cuts have been the driving force of the recent gains in precious metals.This is not a surprise to our readers as since 2018 we argued that a shift in Fed policy from rate hikes to rate cuts would springboard the next big move. History argued the same.The market is showing a roughly 90% chance the Fed will cut rates this week which indicates the market has essentially alr...Read More

"...if this turns into a repeat of what occurred this summer, it could involve some big price changes ahead..."by Ted Butler via Silver SeekI'd like to follow up on an issue I first raised with subscribers last week, namely, the possible reemergence of the silver whale in COMEX silver futures. I want to preface this by openly acknowledging I may be premature in concluding a big buyer has begun to...Read More

SD Outlook: Silver's chart technically looks all sorts of bullish, and silver's fundamentals may prove a little too much for the cartel...Silver does have its work cut out for it.With important data releases beginning today:Wednesday will be a particularly important day in that we get third quarter GDP, but, more importantly, at 2:00 p.m. EST the Fed will release its October FOMC statement and sub...Read More

RAPAPORT... Private industry loan business Delgatto Diamond Finance Fundhas received $100 million in funding from Crestline Investors. Delgatto, which launched in April 2018, provides credit tothe diamond and jewelry industry. To date, the company has financed over 75companies, including diamond wholesalers and traders, jewelry manufacturers,estate-jewelry and watch dealers, and retailers. "...Read More

RAPAPORT... Firestone Diamonds is assessing its ability toremain operational, as it struggles with mounting debt and lower prices in theweak market. "From a market perspective, pricing remains subdued,"Firestone CEO Paul Bosma said last week. "The company continues to engage withits debtholders to ensure it can sustain operations through the currentdownturn, and further announcements in this...Read More

RAPAPORT... Lucapa Diamond Company's output rose in the third quarter,as the miner fully transitioned to the higher-grade portions of it Mothae andLulo deposits. The miner recovered 7,007 carats from its Mothae mine inLesotho during the three months ending September 30, exceeding its plan by 30%, itsaid last week. Sales of 4,412 carats from the site, which began commercialproduction in Decemb...Read More

(IDEX Online) - AIM-listed mining company BlueRock Diamonds plc has sold a 20.72-carat gem-quality stone recovered from the Kareevlei Diamond mine for $236,000 ($11,389/carat).The company said this was a record price achieved for a single stone. The previousrecord sale was the 24.8-carat stone sold in June 2019 for $190,000 ($7,862/carat).BlueRock executive chairman Mike Houston said the sale cont...Read More

(IDEX Online) - The Gemological Institute of America (GIA) has appointed Mark Buntz as its senior vice president and chief marketing officer to lead its global marketing efforts and drive the future of the GIA brand. He succeeds Kathryn Kimmel, who retired in August after 30 years with GIA. In his new role, Buntz will support the expansion of GIA's education, laboratory services - includ...Read More

(IDEX Online) - Younger consumers are feeling flush this holiday season and look set to increase their spending this year, according to the latest consumer survey from the National Retail Federation."Younger consumers are helping drive the spending increase this year," said Phil Rist, Prosper Insights executive vice president of Strategy. "They're not just spending on their immediate family m...Read More

Aim-listed Botswana Diamonds on Monday announced that its 40%-owned associate Vutomi Mining had been granted a mining permit for the diamond-bearing gravels and residual unprocessed stockpiles around the iconic Marsfontein mine.Vutomi partnered with Eurafrican Diamond Corporate (EDC) to mine and process the identified deposits on both Marsfontein and Thorny River.AdvertisementEDC has started with...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesThe 2019 programme comprised 10 holes for 7,610m and its US$9.2 million budget was funded by South32 as the third and final payment under an option agreement. Three of the six holes for 4,596m had contained copper mineralisation and were designed as infill holes to the 300m-to-400m step-out holes completed in 2017 and 2018. Highlight...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesSpeaking as part of a panel on the outlook for metals, Vanessa Davidson, director of base metals research and strategy at commodity analysis firm CRU, described nickel as "likely to be the stand-outRead More

U.S. equity index futures were higher overnight. S&P 500 futures were up 9 points in pre-opening trade. The Index is scheduled to open above its previous inter-day all-time high at 3,027.98.Microsoft added $3.37 to an all-time high at $144.10 after winning the JEDI contract from the U.S. Defense Department worth $10 billion. Tiffany jumped $31.46 to $130.00 after receiving a proposed takeover...Read More

Dear Rich Lifer,I just got back from a great trip to Italy, and in a recent article I told you how the vast majority of the flights were covered by a simple credit card trick.Today I want to give you another way to get to Europe for free. In some instances, you'll not only get a complimentary flight. You'll also get a free hotel room and a fully-insured car to use for a couple of weeks.Of course,...Read More