Recent News

Gold & Gold Stocks Ripping. What's Next?

July 23, 2019 / news.goldseek.com

Jordan Roy-ByrneIt was a huge week for the gold stocks. GDX gained nearly 7% while GDXJ surged over 10%. Gold hit $1450/oz after Thursday before selling off Friday. Silver met the same fate on Friday but managed to close the week up over 6% and at a new 52-week high. Let's take a look at the current technicals.Gold closed the week just below $1427/oz. If it remains above $1420-$1425, then it i...Read More

Asian Metals Market Update: July-23-2019

July 23, 2019 / news.goldseek.com

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

Harvey Organ: Silver Must Be VERY SCARCE In New York

July 23, 2019 / www.silverdoctors.com

Harvey says we are coming very close to a commercial failure. Here's why...by Harvey Organ of Harvey Organ BlogJULY 22/GOLD UP A TINY 80 CENTS TO $1426.80 BUT SILVER ADVANCES A HUGE 21 CENTS//A MASSIVE 10.56 TONNES OF PAPER GOLD ADDED TO THE GLD/A MASSIVE 8.939 MILLION OZ OF PAPER SILVER ADDED TO THE SLV///FOR THE FIRST TIME EVER TO SILVER ENTERS THE COMEX, NO SILVER LEAVES THE COMEX AND ADJUSTMEN...Read More

SILVER Is Trading As It Never Has Before As PHYSICAL SUPPLIES Get CRITICALLY TIGHT

July 23, 2019 / www.silverdoctors.com

Silver has begun trading as it has never traded before, rising even when gold is falling...by Chris Powell of the Gold Anti-Trust Action Committee (GATA)Dear Friend of GATA and Gold:GoldSeek Radio's Chris Waltzek last week interviewed GATA Chairman Bill Murphy, who says silver has begun trading as it has never traded before, rising even when gold is falling. But retail investors, Murphy adds, stil...Read More

URANIUM: Fission to prepare PEA for underground only option at PLS

July 23, 2019 / www.canadianminingjournal.com

The location of the Triple R deposit on the rim of the Athabasca Basin. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., is looking at an underground only option for mining its Patterson Lake South property on the southwest edge of the Athabasca Basin. Potential benefits of such a plan include low operating costs, lower capex and reduced construction time - all of which add...Read More

Tango Averages $1.4K/ct. at Rough Sale

July 23, 2019 / www.diamonds.net

RAPAPORT... Tango Mining sold a 19.87-carat rough diamond for $4,358 percarat, one of a number of high-value stones up for tender from its Oena projectin South Africa. The miner sold 230 stones totaling 531.82 carats from itsMay 9 to July 7 production. It achieved anaverage price of $1,382 per carat for rough at the sale. The company also sold a 49.6-carat diamond for $2,561 percarat, a...Read More

French Gem Group to Hold Diamond Symposium

July 23, 2019 / www.diamonds.net

RAPAPORT... The French Association of Gemmology (AFG) will hold aconference in Paris on the state of the diamond industry, it said Monday.The 18th Paris Gemmological Rendez Vous - whichwill take place on September 9 - will cover topics including diamondmining, the current state of the market, colored diamonds, and the gemologicaland historical aspects of natural diamonds. Martin Rapaport, Cha...Read More

Let??eng Yields 124ct. Rough Diamond

July 23, 2019 / www.diamonds.net

RAPAPORT... Gem Diamonds has recovered a diamond weighing 123.5carats, its third white stone over 100 carats this year, and its second thismonth. It found the high-quality, type II stone at its Let??eng minein Lesotho on July 20, the company said Tuesday. The miner also unearthed a140-carat white diamond from the deposit on July 6, and a 161-carat stone inMarch. In total, the company has ret...Read More

Luk Fook Sales Drop Due to Trade War

July 23, 2019 / www.diamonds.net

RAPAPORT... Luk Fook's same-store sales decreased 10% year on year inthe first fiscal quarter amid an unfavorable comparison with last year and the impact of the US-Chinatariff war. Total same-store sales - at Luk Fook outlets open for morethan a year - in Hong Kong and Macau dropped 10% in the three months ending June 30. Same-store gold sales plunged 20%, while gem-set jewelry purchasesgrew...Read More

Too much supply of rough going into the market

July 23, 2019 / www.idexonline.com

In an interview with IGTV, Stuart Brown, Chief Executive Officer (CEO) at Mountain Province Diamonds (MPD) said that "over the last five years we've probably seen too much supply of rough going into the market." Brown came to MNPD after a long career in the diamond mining industry. He spent most of his career with De Beers. De Beers is responsible for the mining side of the joint venture. In...Read More

Don't punish African diamond producing countries without cause, WFDB President says

July 23, 2019 / www.idexonline.com

In his first -ever blog, Ernest Blom, president of the World Federation of Diamond Bourses, argues that the Kimberley Process Certification Scheme (KPCS) is slow because one of the most hot potatoes is ignored.The KPCS, he wrote,is one of the great accomplishments of the worldwide diamond community of the last two decades, as more than 99.5 percent of the diamonds produced fall under a certificati...Read More

BlueRock sells a 12.2 carat diamond for $105,000

July 23, 2019 / www.idexonline.com

BlueRock Diamonds PLC, a diamond miner listed BlueRock Diamonds plc, listed on the AIM in London, reported it had sold a 12.2 carat diamond for $105,000. The price per carat realized stood at $8,584. BlueRock Diamonds owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa. Blue Rock said that this diamond is the second most valuable diamond the firm had recovered to d...Read More