The Canadian company remains well funded for this next program.Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release it just started its fourth season of drilling at Forrest Kerr, on the heels of completing its planned 2019 drill program at Justin in the Yukon.At Forrest Kerr, in British Columbia's Golden Triangle, Aben will start with 5,000 meters of diamond drilling and expand...Read More
"Mueller said the social media operation was the 2nd major component of a "sweeping and systematic" Russian gov't interference campaign - yet he never actually shows Continue...Read More
The combined company will provide exposure to both near- and longer-term projects. San Albino projectTerraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK), which holds a royalty on the Spring Valley gold project in Nevada, is being acquired by Sailfish Royalty. The combined company will hold a geographically diverse set of royalties, including projects in Nevada, Mexico, Brazil and Nicaragua.According to t...Read More
Platinum has not been this cheap vs. gold since 1907 AD.In other words, in over 110 years, we have not seen platinum values slump this far versus gold.Here at SD Bullion, we have covered Platinum fundamental investment factors as well as information about supply-demand factors at play today.South Africa is the major miner of platinum ore in the world, accounting for about 70% of all new line plati...Read More
Our Adaptive Dynamic Learning (ADL)predictive price modeling system is suggesting Crude Oil will likely continueto find resistance near $64 as a price ceiling and trend lower over the next 3to 5 months – eventually breaking below the $40 price level near the end of2019 or in early 2020.Our research team believes this move could very well be contingent on a continued decline in global economi...Read More
The second half of the year is setting up favorably for theprecious metals sector, which was led in the first half by gold and gold miningstocks. Of course, the Wall Street-beholden financial media is largelyignoring metals and mining – preferring instead to give celebratory coverage toevery move toward new highs in the Dow and S&P 500.“The Dow Jones Industrial Average rallied 7.2%...Read More
- Dave Kranzler"You've assigned us the job of two direct, real-economy objectives: maximum employment, stable prices. If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate and we wouldn't care," Powell said from Capitol Hill. "We wouldn't care if unemployment went up or down. That wouldn't be our job anymore." - Jerome...Read More
- SRSrocco In June, the gold price finally broke above the $1,400 level after five long years. So, who was responsible for pushing the gold price to a new high since 2013? Well, if we look at the data, it most certainly wasn't the physical gold investor. And, according to several dealers I spoke with, physical gold retail investors took advantage of the $1,400+ price to sell metal rathe...Read More
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