By Avi GilburtSince this article is being addressed to longer term investors, I think you will likely appreciate the message within this write up.While I analyze the metals markets on many time frames, this perspective is based upon a daily chart which has months to still play out.But, before I move into my perspective of the market, allow me to summarize how I view the metals market in general...Read More

Dear Friend of GATA and Gold:Citing a confession to gold market manipulation in the United States, a member of Parliament this week urged the British government to investigate possible manipulation of the gold market in London.The member, Jeremy Lefroy, Conservative for Stafford, prompted a discussion of manipulation during a speech Monday in the House of Commons. Lefroy questioned the economic...Read More

By: Ira EpsteinGold in an up-thrust but in a congestion area:Read More

Fed Chief Powell supposedly has strong support inside Congress to fend off Trump's calls for lower interest rates. How do we know this? Well, there was this headline atop the lead story in Wednesday's Wall Street Journal: 'Powell's Support Inside Congress Is Deep'. And here was the sub-hed, in case you missed the point: 'Lawmakers on both sides say they would oppose any bid to oust the Fed chai...Read More

Trend for gold and silver is bullish. Interest rate cut towards the end of the month has been confirmed by the Federal Reserve chairman. If gold rises very sharply till Monday, then value based buying in silver should catch and there can be some rise. I am quite confident that silver will break free from the recent consolidation phase by next week. Tensions in the Persian Gulf can result in hi...Read More

Gold bulls spend much of early 2019 waiting for a catalyst to fuel another rally leg. They wouldn't have to wait long...A stealth shift in talking points and monetary policy from the Federal Reserve brought a very dovish tone.And this sent interest rates lower, along with the US Dollar.And when the Dollar goes lower, Gold enjoys the tailwind. Gold rallied over 10 percent from mid-May to early July...Read More

Diamond tradeseasonally slow with concerns about weak demand and low profit. Oversupplycontinues despite drop in rough buying. Producers raising rough inventory as 1Hsales slump and mine production remains steady. Alrosa 1H sales -32% to $1.8B.Kimberley Process reports 2018 global rough production +3% to $14.5B, volume-2% to 148.4M cts. Indian government raises gold import duty from 10% to 12.5%an...Read More

Sentiment weak amid slow trading, tight liquidityand squeezed profits. Foreign buyers trying to take advantage by pushing fordiscounts. Domestic buyers cautious. Steady interest in 1 ct., G-J, SI goods.Strong gold demand supported jewelers in June, but rise in import duty to 12.5%expected to curb sales. RoundRead More

RAPAPORT... Rough prices slumped for Stornoway Diamond Corporation inthe second quarter, as market weakness dented demand for the miner's range ofgoods. The average price of the company's sales slid 18% to $76 percarat in the three months ending June 30, compared with $93 per carat a yearago, it said in a statement Wednesday. Sales value grew 57% to CAD 47 million ($36million), driven by an 89% ju...Read More

RAPAPORT... Michael Hill will hand out between AUD 10 million ($7million) and AUD 25 million (just under $17.5 million) to compensate retail employeesin Australia, after discovering it had been underpaying them. The jeweler had been wrongly applying the pay rates mandatedby the Australian government's General Retail Industry Award document, itadmitted in a statement Wednesday, following a review....Read More

RAPAPORT... Cue the sentimental music and emotive narration, Forevermark has launched a marketing campaign for its first bridal collection. The campaign, titled "I Take You, Until Forever," aims to depict the ups and downs of marriage, including the jokes, arguments, surprises and the small moments that go unnoticed, explained director Geej Ower. The two-minute film, which went live on variou...Read More

RAPAPORT... Marie-Chantal Kaninda, executive director of the WorldDiamond Council (WDC), was named as one of the 100 most influential women inAfrica by Forbes Afrique.Kaninda, who joined the WDC in March 2017, was noted forher work to further the interests of individuals and communities involved inAfrica's mining sector, the WDC reported Tuesday. Her r?(C)sum?(C) includes serving as chiefadviser f...Read More

There are many mining and exploration opportunities in Southern Africa, with exploration work growing as more mining companies are focusing on the region, says South African airborne geophysics technology provider Spectrem Air GM Louis Polomé. In the next ten years, remote sensing in terms of geophysics, will play a critical role in the exploration of Southern Africa, for which geological d...Read More

The Angolan government is makingpreparations for setting up the country’s new National Minerals Resources Agency, the country’s State Secretary for Geology and Mines, Jânio Corrêa Victor, stated recently. The new agency will take over the role of minerals and mining rights concessionary from State-owned mining companies. This is part of the Angolan government’s policy...Read More

Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteThe country's economy is again riding a production boom for key commodities, principally iron ore a...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe controversial project, which has faced significant community opposition and delays since 2010 including protests during which people have been killed, is due to commence production in 2022, although Southern said it would not start construction until it had support from local communities."Southern Peru Copper reitera...Read More

Stornoway Diamonds, the operator of Quebec’s first diamond mine, has told shareholders that weak conditions in the rough diamond market continue to persist, with CEO Patrick Godin saying on Wednesday that further decreases in pricing were observed during the second quarter of the year.The company, which operates the Renard mine, sold 460 832 ct in two tender sales, netting gross proceed...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithium"Our review has reconfirmed the acquisition price we paid," OZ CEO and managing director Andrew Cole has told analysts.Read More

Although rate cut expectations encouraged the London Metal Exchange three-month base metals prices to move higher yesterday, they have started to weaken in early trading today, Thursday July 11, and been unable to attract follow-through buying. In his prepared remarks, Federal Reserve Chairman Gerome Powell last night noted that uncertainties since the June FOMC meeting continued to dim outlook an...Read More

U.S. equity index futures moved higher this morning. S&P 500 futures were up 4 points in pre-opening trade.Index futures slipped following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was 222, 000 versus 222,000 last week. Actual was 209,000. Consensus for the June Consumer Price Index was unchanged versus a gain of 0.1% in May. Actual was an increase of 0.3%. E...Read More