COLORADO SPRINGS, July 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the second quarter ended June 30, 2019 of 9,559 ounces of gold, 467,484 ounces of silver and significant base metals. The Company currently maintains its 2019 Oaxaca Mining Unit production outlook and plans to increas...Read More
Expected interest rate cuts by all the central banks is supporting gold at the moment. European central bank is expected to cut interest rates in September. Trade war theme is still there. In short, all the factors are bullish for gold. Investment demand is on the rise with passing of each week. Economic growth news will be the key. Measures (other than interest rate or different forms of quan...Read More
The shackles of gold price suppression have been broken, and before the end of summer, silver will seize the mantle of dominance...by Michael Ballanger via Streetwise Reports"The desire for gold is the most universal and deeply rooted commercial instinct of the human race."-Gerald M. LoebOne of the finest books ever written on investing was "The Battle for Investment Survival," by Gerald M. Loeb,...Read More
https://media.blubrry.com/silverdoctors/p/content.blubrry.com/silverdoctors/AUDIO-ONLY-FinalEdits07-16-19CraigHemke.mp4Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSSilver's moving, but how high can price climb, and where will the banks try to apply more pressure? Craig answers that and a whole lot more...Craig Hemke of TF Metals Report interview...Read More
The action is solid, and the action is now...by Stewart Thomson of Graceland UpdatesGraceland Updates 4am-7amhttps://www.gracelandupdates.comhttps://gracelandjuniors.comhttps://gudividends.comhttps://guswinger.comhttps://gublockchain.comEmail:[email protected][email protected][email protected][email protected][email protected]July 16, 2019 It's the ultimate "no-brainer" that serious American...Read More
There is HUGE ACTIVITY in silver on the COMEX. Harvey Organ breaks it down...by Harvey Organ of Harvey Organ BlogGOLD: $1421.35 UP $11.35 (COMEX TO COMEX CLOSING) Silver:$15.93 UP 29 CENTS (COMEX TO COMEX CLOSING)// Closing access prices:Gold : $1426.50 silver: $15.97 YOUR DATA... COMEX DATA JPMorgan has been receiving gold with reckless abandon and sometimes supplying (st...Read More
The pros and cons of investors falling in love with (digital) silver...by Matt From Silver Fortune via Silver FortuneThe pros and cons of investors falling in love with (digital) silver.Read More
Silver (NYSEARCA: SLV) has been in a bit of a slumber when compared to the price action for Gold (NYSEARCA: GLD).Precious metals bulls hope that this about to change, as bullish action from Silver is necessary to confirm any bull market / move in metals.Today's chart takes a closer look at the Silver ETF (SLV) on a weekly basis. As you can see, Silver is up 5 percent this week alone.This is good n...Read More
Diamond market weak due tosummer slowdown and sluggish dealer demand. Manufacturers frustrated by tightprofit margins and hoping for rough price reduction at De Beers July sight. Cuttersmaintaining low polished production due to profit and liquidity squeeze. ABN Amrorestricts rough-sector lending out of concern for lack of profitability. ChowTai Fook FY1Q same-store sales +11% in China, -11% in Ho...Read More
Fewertransactions than this time last year, despite strong foreign-dealer presencein Mumbai. Buyers looking for bargains amid rumors of tight liquidity andfinancial distress. 0.30 ct. diamonds selling in parcels since prices ofcertified goods have declined. GIA has reduced grading fees for 0.30 by 10%. Soliddemand for SI1-I2 parcels. Manufacturers maintaining low polished production. RoundRead More
RAPAPORT...De Beers has lowered its production forecast for this year,noting that weakness in the diamond trade negatively affected itsperformance in the second quarter.Sales volume slumped 10% to 9 million carats in the threemonths ending June 30 due to an oversupply of goods, Anglo American, De Beers'parent company, reported Thursday. In light of that, it now expects to recover about31 million c...Read More
RAPAPORT...Retailers' attempts to maintain low diamond inventories are hurtingdemand across the trade, Alrosa warned after reporting its lowest quarterlysales since 2015. The Russian miner's sales slumped 26% to $807 million in thesecond quarter ending June 30, it reported Thursday. An oversupply of rough andpolished in the manufacturing and retail sectors has hurt appetite for thecompany's goods,...Read More
Various Indian online news outlets reported that Reliance Brands had come to an understanding with the 182-year old American jewelry brand Tiffany & Co. to bring Tiffany's to India. Reliance Brands is owned by Mukesh Ambani, India's richest businessman and industrialist. He is the chairman, managing director, and largest shareholder of Reliance Industries Limited (RIL), a Fortune Gl...Read More
RAPAPORT... Sales at Richemont's jewelry brands increased 10% in the first fiscalquarter, as lower value-added tax and customs duties drove purchases in mainland China,the luxury retailer said Thursday. Proceeds from the group's largest product category - which comprises Cartier and Van Cleef & Arpels - rose to EUR 1.83billion ($2.05 billion) in the three months ending June 30. At constan...Read More
RAPAPORT... Sales in Chow Tai Fook's mainland China storesgrew strongly in the first fiscal quarter, while purchases in Hong Kong andMacau slowed. Retail sales jumped 24% in mainland China in the threemonths ending June 30, with same-store sales - at branches open for at least ayear - rising 11%, the jeweler reported Tuesday. Retail revenues in Hong Kongand Macau fell 6%, while same-store sales sl...Read More
Speaking at a meeting of the World Business Council for Sustainable Development (WBCSD), which took place during the United Nation's 2019 High-Level Political Forum on Sustainable Development in New York, CIBJO President Gaetano Cavalieri has advocated for the position of small and medium-sized enterprises. Sustainable economies rely on the contribution of SMEs, he said, but too often they fi...Read More
The Inside Retail Asia website reported that during the second quarter same-store sales of the world's largest jewelry retailer la Chow Tai Fook (CTF) in Hong Kong and Macau fell by 11 per cent. However, sales in Mainland China rose by 11 percent. "The Hong Kong and Macau market was affected by a tough base of comparison and cautious consumer sentiment amid an uncertain macro environmen...Read More
Aim-listed Botswana Diamonds has raised £250 000, through the placing of 50-million shares with new and existing investors at 0.5p a share.This represents about 7.98% of the company's issued share capital.AdvertisementThe funds will be used to continue diamond exploration efforts in Botswana; to progress the Thorny River bulk sampling programme; to bring the Marsfontein dumps and gravels...Read More
Diamond miner De Beers has revised its full-year production guidance downward to about 31-million carats, leaning towards the lower end of the previous range of between 31-million and 33-million carats, in response to weaker trading conditions experienced during the second quarter.De Beers is currently producing to demand and, in a statement issued on Thursday, the miner reported that the revision...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumIts 10,000 tonnes per day beneficiation plant is the first large-scale plant to operate in the country. Within six months, the company plans to increase this to 30,000tpd and later to 60,000tpd.Mirador will annually produce 11Mt of copper concentrates containing 137 million pounds of copper, 34,000oz of gold and 394,000o...Read More