Permits have been obtained and a drilling company engaged. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced in a news release it contracted with Falcon Drilling to conduct drilling at the minerals explorer's Wicheeda rare earth elements project in British Columbia.The 2,000 meter surface core drill program is slated to begin in August and take about six weeks to complete. Current...Read More

Contrary to majority opinion, gold and especially the gold mining stocks that leverage its macro status are not about inflation, especially cyclical inflation that runs with a positive economy.Making an appropriate return after a few months on hiatus, ladies and gentlemen… the Macrocosm. old stocks are about counter-cyclicality as gold rises vs. US stocks…Gold rises vs. Global Stocks...Read More

On July 31, 2019, the US Federal Reservedecreased the Federal Funds Rate (FFR) by 25 basis points.  We believe the US Fed was pushed to take thisaction for three reasons that are directly related to the fear and greed thatis abundant in the global markets.Reason #1 Fed Had To Cut RatesFirst, the US Fed is very concerned that the US housing market has stagnated and weakened over the past 16+ m...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 312,21457,82645,699141,164429,131499,077532,656 Change from Prior Reporting Period 333-2,805-10,499-34,621-34,493-44,787-47,797 Traders 21061675360287168 Small Speculators LongShortOpen Interest 64,22130,642563,298 -8,774-5,764-53,561 non reportable posit...Read More

SRSrocco The gold and silver prices have held up remarkably well compared to the broader markets as they continue to sell off today. While the Dow Jones Index is down more than 250 points, gold and silver are just slightly lower. However, gold has traded in the green several times today. If we look at the 5-minute chart, we can plainly see that gold and silver have been trading in an opp...Read More

The gold miners' stocks have surged dramatically this summer, catapulted higher by gold's major bull-market breakout. That atypical strength bucking the normal summer-doldrums slump has carried this sector right back to its traditional strong season. That begins with a robust autumn rally starting in late summers. This year's autumn-rally setup is very unusual, but investment buying could...Read More

- Dave KranzlerThe price of gold has rejected numerous attempts by the banks to hammer the gold price below $1400 using paper gold derivatives on the Comex and the LBMA. I have not seen gold behave with such resiliency in the last 19 years when the Comex banks have an extremely large short position in Comex paper.The action in the price of gold is signalling that large buyers are accumulating...Read More

By: Ira EpsteinGold daily chart, had an outside day. Market is caught in the two Bollinger bands. Market is churning here and eventually will breakout of here..Read More

- Stefan GleasonFollowing months of cajoling by the White House, the Federal Reserve finally cut its benchmark interest rate. However, the reaction in equity and currency markets was not the one President Donald Trump wanted - or many traders anticipated.The Trump administration wants the Fed to help drive the fiat U.S. dollar lower versus foreign currencies, especially those of major exportin...Read More

- Gary TanashianContrary to majority opinion, gold and especially the gold mining stocks that leverage its macro status are not about inflation, especially cyclical inflation that runs with a positive economy.Making an appropriate return after a few months on hiatus, ladies and gentlemen... the Macrocosm.Gold stocks are about counter-cyclicality as gold rises vs. US stocks...Gold rises vs. Glo...Read More

Gold Options Doubled Today (August 1) in Hours... If you followed the gold recommendation I made here yesterday you could have doubled your money. Many of my subscribers did. Here's how:Read More

There was massive short covering in yesterday's gold rise. Yen crashed against the US dollar while gold rose. This is safe haven demand is nothing else. Trump said that he will impose additional ten percent tariff on the remaining $300 billion Chinese imports from September 1. There is recession fears and more global trade war fears. Gold is bound to rise more. Chinese retaliatory action will be...Read More

SD Friday Wrap: Don't be surprised to see a gap-up in the silver price on Sunday. There's a very specific reason why it could just happen...*****Editor's Note: These charts were set-up shortly after 12:00 p.m. EST on Friday, August 2nd, 2019.*****You wouldn't know it if you weren't a chart watcher, but gold hit multi-year highs at 6:00 p.m. EST on Thursday evening:Of course, pressure was applied t...Read More

Silver is under-performing gold, but it won't be for long...Eric Sprott interviewed by Craig Hemke on The Weekly Wrap-UpAugust 2, 2019It's been a great week so far, with the FOMC meeting and U.S. jobs report both proving good for gold. But what about silver? Eric Sprott returns to break down all the gold and silver news you need, including:What the weak U.S. jobs report means for precious metalsWh...Read More

Those standing for delivery are getting bypassed by dealers desperate for whatever silver they can get their hands on. Here's why...by Harvey Organ of Harvey Organ BlogAUGUST 1/WHAT A DAY!!//GOLD AND SILVER REVERSE ON TRUMP TARIFFS ON CHINA!//GOLD DOWN $4.95 TO $1420.50 (COMEX TO COMEX) AND SILVER IS DOWN 23 CENTS TO $16.17//IN ACCESS MARKET TRADING: GOLD LAST AT $1443//SILVER AT $/CHINA THREATENI...Read More

The knee-jerk reaction is a lot of "selling", but what effects will today's jobs report have on the markets, gold & silver? The BLS Jobs Report, formally known as the Employment Situation Report, was just released.Prior to the release, here were the consensus estimates from Econoday:Here are the actual numbers as reported by the BLS:Number of jobs created in the month of May, 2019: 164,000Unemp...Read More

Global diamond producer De Beers Group is most proud of the “energy change” its inclusion and diversity strategy has instigated throughout its value chain – from mining to retail, says De Beers social impact senior VP Katie Fergusson. “We are still early in the journey, but we are making visible progress,” she tells Mining Weekly, noting that more than 30% – fou...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe highest grade hit was 170m at 0.63% copper, 0.26 grams per tonne gold and 3.94gpt silver from 79m, while the widest hit was 207m at 0.3% copper, 0.61gpt gold and 1.87gpt silver.Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithium"The Kamoa-Kakula system in the Democratic Republic of Congo is so large, we're like a little ant riding on the back of an elephant," Friedland said of the 25-year project Ivanhoe's February 2019Read More

Sentiment in financial markets has weakened further after US president Donald Trump announced the United States will impose a 10% tariff on $300 billion of Chinese goods from September 1. This sent equities scurrying for cover with the Nikkei, Hang Seng and CSI 300 off by an average of 2.2% on the morning of Friday August 2. The Dow Jones Industrial Average closed down by 1.05%. Gold prices r...Read More