All the right conditions are in place for gold to continue climbing, and one analyst is doubling down on his $1,500 an ounce call by year end. E.B. Tucker, director of Metalla Royalty and Streaming, said all the pieces are in place for a rally, which will come soon and fast."The thing I want you to think about is what happens to the market and where is the opportunity when gold hits $1,500. It's g...Read More
This asset has emerged, from one of Allegiant's six targets in the state, as being prospective. Allegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) reported in a news release that all 21 reverse circulation holes drilled at its Adaluria Hill project in Nevada demonstrated "hydrothermal alteration and anomalous gold," suggesting further drilling is warranted.Returned gold grades ranged from 0.02-0.09 gr...Read More
Currently, the Canadian company is halfway through its 2019 drill program there. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release it is adding a third drill rig to its Dixie project in Ontario's Red Lake District.With this additional rig, the company will drill the newly discovered Bear-Rimini zone and the LP fault, the 18 kilometer long structure next to and partially...Read More
A“perfect storm” is brewing for midwestern farmers. Unending rains have led tothe flooding of tens of millions of acres of farmland. The deluge comes on theheels of years of low crop prices.Ithas the makings of an agriculture disaster on a scale never seen before.Thenation may see a “perfect storm” in terms of food inflation. Prices for somefarm commodities figure to be a l...Read More
COMEX speculator positions post largest single gain on record Gold suddenly broke to the upside on the morning of Thursday, May 30th, 2019. After rising nearly $70 – a 5.4% gain and eight-straight days of posting gains, it took a breather on news that Mexico would take steps to stem migrant flow to the United States, thus avoiding the imposition of new tariffs. We asked Zac Storella fr...Read More
The Silver price reluctantly followed the Gold higher early in the year to a late February peak of $16.20, following which it abruptly gave up all of its hard won gains for the year by making a new low early March at $15, breaking the preceding low of $15.45 and thus entering into a downtrend of a series of lower highs and lows where it remained until the Gold price came alive at the end of May 20...Read More
Dave KranzlerIn April credit card debt was once again the largest contributor to the new all-time high in consumer debt, increasing by $7 billion vs. a decline of $2 billion in March. Student loan and auto debt hit all-time highs of $1.6 trillion and $1.16 trillion, respectively. I found the credit card debt numbers interesting because a report released by Experian showed that 23% of Americans n...Read More
Stefan GleasonThe 2020 presidential election is already shaping up to be one of the most bitterly contested in history. The outcome could have enormous ramifications for all asset markets, including precious metals.In the meantime, a lot can happen before November 2020 - especially with the Federal Reserve apparently set to turn dovish and cut interest rates this summer.Some historical research...Read More
By: Stewart Thomson, Graceland Updates 1. A lot of Americans getting a myriad of government entitlements thought that President Trump would recreate the 1950s for them. 2. If Trump had eliminated the PIT (personal income tax), capital gains tax, and corporate income tax, I've estimated that around $100 trillion in capital would have surged into America.3. That w...Read More
Although there are a dozen good reasons why the bull market should flame out, like, tomorrow, there's nothing in the long-term charts to suggest this is likely. A friend and fellow permabear sent me an Elliott Wave theorist's prediction that the sensational run-up begun more than ten years ago could continue for another three or four years. This is based on a five-wave Elliott pattern that is cu...Read More
I am getting bullish on euro and pound. I also expect more losses for the US dollar index and gains for Asian currencies against the US dollar. A currency war can be unleashed by Trump anytime. Trump believes that nations will use currency depreciation to offset higher tariffs. The Federal Reserve will take direct and indirect measures to ensure the competitiveness of the US dollar. This implies...Read More
Being on the forefront of breakthroughs in technology hasalways been a surefire way for investors to realize huge gains. Some massivefortunes were made during the dotcom boom, for example. Even after that initial euphoria came and went, investing incompanies that were set to take full advantage of new market opportunitiescreated by the internet such as Amazon, PayPal, or Ebay remained a recipe for...Read More
The Gold Silver Ratio is now reaching levels near 90, or as high as nearly 26 years ago.Lost on many market observers is the +6 year divergence from silver values versus the US stock market.by SDBullion BlogThe new 2019 'In Gold We Trust Report' just went live and downloadable.A now 13-year running annual report on gold and financial markets has become a must-read for anyone deep in the physical...Read More
While uranium oxide prices continue to drift in the doldrums, several uranium companies have still raised a bit of money to explore and carry out modest programs. Here is a look at eight uranium-focused companies that are active in 2019.ALX Uranium, Appia Energy, Azincourt, Denison, Global Atomic, Orano, Plateau Energy, and Zadar VenturesContinue reading at The Northern Miner. Read More
RAPAPORT... Online retail giant Amazon has implemented a new tieredreferral fee that will reduce the cost of selling jewelry and watches on itssite. The change will primarily apply to the retailer's partnersoffering higher-priced luxury items, and could potentially attract more sellerswho wouldn't have listed under the steeper rates. The new fees took effect onJune 5, according to Amazon's se...Read More
RAPAPORT... The community of Fandehun is not used to pomp and ceremony.The modest village in the heart of Sierra Leone's Kono District has beensustained by diamond mining for over 50 years but lacks the basics many takefor granted - notably, safe drinking water. Women, and often children, walkmiles to fetch water from a neighboring village, and they tend to use the samesource for all their ne...Read More
RAPAPORT... Geologists have discovered the first new kimberlite pipe in over 20 years at the Gahcho Ku?(C) mine in Canada, shareholder Mountain Province reported Tuesday.The find comes nearly three years after production launched at Gahcho Ku?(C), a joint venture between Mountain Province and De Beers Canada. Mining is focused on three kimberlite pipes, and the new discovery - named Wil...Read More
Glenn Nord, a former president of the Gemological Institute of America (GIA) passed away on Sunday, June 9. Throughout his more than 50-year association with GIA, Nord was a student, instructor, president and member of the Institute's Board of Governors. GIA published a news release that said that Nord's "contributions are numerous, his influence far-reaching and his legacy enduring. His...Read More
Alrosa, the world's largest diamond miner in volume, said that in May of this year it had sold $266 million of rough and polished diamonds. Rough diamond sales amounted to $261.1 million, while polished diamond sales stood at $5 million. The Russian miner's total rough and polished diamond sales in the January-May period came to $1.589 billion - $1.5649 billion of rough and $24.1 million...Read More
For more than 1000 years, India was the world's principal producer of diamonds, with Arabs and Persians dominating the trade between India and Europe. In those days, diamonds were valued mostly for their talismanic properties or as carving tools, owing to their extreme hardness and the fact that it was impossible to cut and polish them into beautiful gems. On June 19, Christie's in New...Read More