Bob Moriarty of 321 Gold discusses the project this small-cap miner has acquired out of Midway's bankruptcy. I first wrote about Viva Gold Corp. (VAU:TSX.V; VAUCF:OTCBB) exactly a year ago. The price of gold was about $1300 and the price of a share of Viva was about $0.32. Now gold is $1280 and Viva is still at $0.32. The company has an interesting story and while the price of the shares and gold...Read More
Our continued efforts to alert and assist fellow traders to the incredible setups that are currently happening throughout the globe with regards to increased global economic tensions are starting to take root. We are hearing from our readers and follower and we love the comments we are receiving. Near April/May 2018, we started predicting that the end of 2018 and almost all of 2019/202...Read More
In our continued effort to help skilled traders/investors understand the future risks associated with geopolitical market turmoil, the EU Elections next week and the continued US/China trade war, this Part III of our Sector Rotation article will highlight certain sectors that we believe may continue to perform over the next 12 to 24+ months and help traders/investors survive any extended price vol...Read More
By Avi GilburtIn our last update, we stated that Bitcoin was providing us the minimum price patterns to suggest that a bull market was under way. Moreover, we were looking for a standard corrective pullback to solidify the bull market case.But when the price action is too strong, it can flash warnings signals. This is clearly what we have seen over the last week or two. Price is always king, and...Read More
By: David HaggithThe graph here shows the point at which I said early last summer housing sales had turned over (for the worst) and would remain on a downtrend indefinitely, and it shows how that prediction has panned out.Existing home sales were down again nationally (4.4%) in April (fourteenth month in a row of declining sales year on year). That is the longest stretch without a single positiv...Read More
By: Craig HemkeThat this is even a question reveals the intellectual laziness of those who ask. However, since this is coming up with regularity again, here's another post on the subject.First, a summary of recent admissions and convictions against The Banks: o LIBOR manipulation: https://en.wikipedia.org/wiki/Libor_scandal (Note the section where it's noted that LIBOR fixing operates as a "...Read More
By: Ira EpsteinGold at Bollinger - lower band support. Market is oversold:Read More
By: Gary ChristensonHow many times have you heard "You can't eat gold" as a reason NOT to own gold? It is nonsense.You can't eat gold either during good times or after an economic collapse, but neither can you eat dollar bills, euros, bolivars or hundreds of other devaluing paper currencies.In good times and in bad times, gold is necessary for wealth protection. A gold market will always exist,...Read More
Stocks are in wafting mode, indifferent to tariff wars, slumping retail sales and impeachment talk. The broad averages have been racking up impressive gains even when buying interest is weak to nil. It certainly felt that way on Tuesday, when the Dow Industrials rose nearly 200 points on the opening bar, then hovered aloft for the rest of the day. For every tepid buyer it would seem that there i...Read More
Dear Friend of GATA and Gold:With his column today, U.S. Global Investors CEO Frank Holmes does a spectacular job interviewing your secretary/treasurer about GATA's work to expose central banking's policy of gold price suppression.The interview is more spectacular for being produced by a much-respected organization within the gold sector, much of which long has shunned GATA for our alerting mone...Read More
Short sellers in gold and silver need to trade very carefully as long as they do not fall below $1260 and $1419. There can be very sharp pullback rallies as long as gold trades over $1260 and silver trades over $1419. Crude oil will break free from $60-$65 consolidation phase and form a new range. Copper and industrial metals can trade with a softer bias. Momentum for gold and silver is down....Read More
Silver looks considerably weaker than gold, and it might look that way through July. Clive Maund explains...by Clive Maund from Streetwise ReportsSilver looks considerably weaker than gold, although that is normal at this stage in the cycle. It is still considered likely that it is forming a Double Bottom with its lows of late 2015, and if so then the support at those lows should hold.On silver's...Read More
RAPAPORT... Macy's and J.C. Penney noted strong sales in their jewelrydivisions in the first fiscal quarter, even as overall results showed a downward trend. "Our fine-jewelry business continues to deliver strong salesresults," J.C. Penney chief financial officer Bill Wafford said on an analystcall transcribed by SeekingAlpha. "We saw particular strength in categories such as modern bride, go...Read More
RAPAPORT... Gemfields' May emerald sale fetched $22.4 million, as the miner noted an improvement in the market. The Singapore sale's top lot, purchased by Chatree Gems ofThailand, set a price-per-carat record for Zambian rough emeralds at aGemfields auction. The lot comprises two gems weighing a combined 65 carats, which werenamed Green and Ice in honor of the 1981 movie, Green Ice, starring...Read More
RAPAPORT... The World Jewellery Confederation (CIBJO) and the ColouredGemstones Working Group (CGWG) will collaborate to help companies in theindustry implement responsible sourcing for gemstones such as rubies, emeraldsand sapphires.The groups will develop management tools and resources thatcolored-gemstone businesses can download free of charge, to support them in conductingdue diligence of...Read More
RAPAPORT PRESS RELEASE, May 22, 2019, Las Vegas ... RapNet, the world'slargest diamond trading network with daily listings of over $7.4 billion, willbe voting on whether it should provide diamond listing and pricing services forsynthetic diamonds. Voting will be limited to registered RapNet members wholog in to RapNet.com and will take place from Sunday May 26 through Friday May31, 2019.The result...Read More
Marty Hurwitz of MVI Marketing launched a video with three couples talking about engagement and bridal rings shopping. Here is what he sought to clarify: One year after De Beers launched its Lightbox collection at JCK and moments after Signet has put its toe in the water with its new LGD jewelry line through JamesAllen.com, what is this doing to consumer demand for lab-grown diamonds???,?"espec...Read More
The Lab Grown Diamond Council (LGDC) has retained an internationally recognized third-party certifier and standards developer, SCS Global Services (SCS), to create the first sustainability standard in the diamond and jewelry market. Certification to this premier standard will involve a comprehensive assessment of the lab grown diamond production process, compliance auditing, diamond testing, and...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingThe loan bears a coupon of 12% and will mature n...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.The Canadian Dollar was virtually unchanged at U.S. 74.67 cents following release of March Canadian Retail Sales at 8:30 AM EDT. Consensus was an increase of 1.0% versus a gain of 0.8% in February. Actual was an increase of 1.1%.Lowe's dropped $8.10 to $103.00 after reporting lower than...Read More