With recent results, the Canadian company expanded its gold-silver-copper footprint in a single zone at the property. Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release that analytical results from the ongoing 2019 drill program at Forrest Kerr in British Columbia's Golden Triangle continue to show widespread polymetallic mineralization throughout the North Boundary zone.The...Read More
The key points regarding recent drill results and next steps are presented in a Haywood report. In a Sept. 4 research note, Haywood analyst Mick Carew reported that GT Gold Corp.'s (GTT:TSX.V) recent drill results from the Saddle North discovery at its Tatogga project in British Columbia are "positive overall.""The results complement earlier results from Saddle North and demonstrate continuity wi...Read More
The findings are presented and discussed in a BMO Capital Markets report. Silver SandIn an Aug. 27 research note, BMO Capital Markets analyst Ryan Thompson reported that "drill results continue to show the potential for New Pacific Metals Corp.'s (NUAG:TSX.V; NUPMF:OTCQX) Silver Sand to be a large open-pit project."Thompson relayed the results from another 20 Silver Sand infill holes drilled to a...Read More
History may not repeat itself to the letter but it certainly rhymes. That’s what the Fed watchers would say now. The Fed cut the interest rates for the second time this year and the price of gold declined again. What is going on? Fed Trims Interest Rates by 25 Basis PointsYesterday, the FOMC published the monetary policy statement from its latest meeting that took place on September 17-18th....Read More
This is part 2/2 of my Silver Price 2019 trend forecast update - Part1 - Silver Price Tragets for 2019 - Forecast UpdateSo the Silver big question for 2019 is will the price be capped at resistance at $21 or like the Gold price breakout of its 5 year trading range to target the next resistance area of $25. This analysis was first been made available to Patrons who support my work. Silver Investin...Read More
- Patrick ByrneDear Erstwhile Teammates, As you will learn from an SEC filing today, over this past week all my shares in OSTK were sold. Before I left for Australia I put it all in the hands of Mr. Pettway (whom some of you know), for it had already become clear to me that this was the right thing to do (and I decided to come SCUBA-diving in Asia so as to be as far...Read More
"We can ignore reality, but we cannot ignore the consequences of ignoring reality." - Ayn RandSomething big is happening beneath the surface of a Dow and S&P 500 trading near all-time highs. The soaring repo rate, more demand for overnight Fed funding loans than is being supplied and a big move in the price of gold since the end of May are clear indicators.The global financial system is unsusta...Read More
Dear Friend of GATA and Gold:Delighted as we all may be with this week's news -- the new indictments of JPMorganChase employees involved with the gold market, the U.S. Justice Department's designation of the investment bank as a criminal enterprise, and the prospects of more indictments -- GATA has to admit a couple of things about the situation.First, the market manipulation of which the bank's...Read More
Gary Christenson, Deviant InvestorFrom Ralph Waldo Emerson: "It's not the destination, it's the journey."His insight applies in life, investing, analysis, the S&P 500 Index, gold, silver and others. Consider these examples.You have $10 million to invest in a business and are searching for a manager. CEO #1 and CEO #2 have both amassed a personal fortune over $100 million. Which one do you choose...Read More
The Fed's so-far $128 billion intervention in the repo market slipped off the Wall Street Journal's front page by evening, hardly a concern. Don't be surprised if, years from now, the squeeze on short-term borrowers that caused this flurry of excitement is cited as an early warning sign of the banking system's coming collapse. On Tuesday, there simply weren't enough dollars around to keep short...Read More
By: Gary SavageGold $1,450 / $1,480 as potential downside targets. Gold is just going to take some time to undergo intermediate correction..Read More
The bankers are supplying copious amounts of paper gold, but they're only nibbling at their silver shortfall. Here's why...by Harvey Organ of Harvey Organ BlogSEPT 18//FED OUT OF CONTROL: THEY LOWER RATES AT 1/4% BUT FAIL TO ADDRESS THE LIQUIDITY CRISIS IN THE MONEY MARKETS//LAST TWO DAYS HUGE SHORTAGE OF LIQUIDITY//GOLD ROSE $2.40 COMEX TO COMEX TO $1507.90/HOWEVER IN ACCESS MARKET IT CLOSED AT 1...Read More
Besides the issues with the local trucking contractor, the locals have also been protesting about the...by Steve St Angelo of SRSrocco ReportIn the past five months, Mexico's second-largest silver mine was shut down, reopened and the recently shut down once again. Due to a new blockade at Newmont-Goldcorp's Penasquito Mine, stemming from issues with a local trucking contractor, the company has t...Read More
Hong Kong show brings fewervisitors, but better-than-expected trading. Serious buyers attending. Fair reflectsspecific Chinese interest and shift to lower-color diamonds. Pockets of gooddemand, with shortages of nice (eye-clean) RapSpec A3+ SIs due to reducedmanufacturing. Some small-scale Indian cutters closing early for Diwali. DeBeers maintaining flexibility for next week's sight, allowing 20%...Read More
Fewer goods and buyersin the local market during the Hong Kong show. Dealers looking to fill specificorders, with very little inventory-buying. Volatile melee market seeing slight improvementin lower price ranges. Polished production still at reduced levels, with somesmall-scale manufacturers closing early for Diwali. Larger exporters preparinginventory as they anticipate US holiday orders. Roun...Read More
RAPAPORT... Lucara Diamond Corp. has recovered a 123-carat, type IIrough and a 375-carat, gem-quality stone from the high-value portion of its Karowemine in Botswana, it said Wednesday. Including the two diamonds, the company has unearthed 29diamonds over 100 carats, including eight weighing more than 200 carats. The123-carat diamond was from the run of mine ore at the EM/PK(S) portion of the...Read More
RAPAPORT... Jewelers of America (JA) has named Ed Bridge, chairman of Ben Bridge Jeweler, as the recipient of its 2020 GEM Award for LifetimeAchievement. The GEM Awards honor the outstanding achievements ofindividuals or companies whose work raises the visibility and status of finejewelry and watches. "Ed has undoubtedly increased the professionalism for thejewelry industry," JA president Da...Read More
RAPAPORT... Swiss watch exports rose 1.5% year on year to CHF 1.52 billion ($1.53billion) in August amid increased growth in US demand ahead of the September 1tariff hikes. "In the US, growth continued to increase regularly, makingit the top export market," the Federation of the Swiss Watch Industry reportedlast week. Shipments to the US climbed 15% to CHF 177.3 million ($178.4million),...Read More
RAPAPORT... A historic emerald given to Lady Mary Hood Mackenzie byMughal Emperor Akbar II in 1813 will go under the hammer at Bonhams, the auctionhouse said Tuesday. The Art Deco, Persian-engraved, octagonal-cut Colombianemerald brooch is set in a frame of black enamel and brilliant and single-cutdiamonds, mounted in platinum. The piece, believed to have been created around1925 by British je...Read More
RAPAPORT... Sarine Technologies is collaborating with China'sNational Gemstone Testing Center (NGTC) to advance diamond-gradingstandards in China. Sarine CEO DavidBlock and NGTC president ZhiBin Ye signed the agreement in Beijing Monday, with the intention of combining NGTC's extensive gemological research and diamond-testing expertisewith Sarine's artificial intelligence (AI) technology to i...Read More