These initial results come after two years of preparatory geological work. Liberty Gold Corp. (LGD:TSX) announced in a news release that the first assays from its Black Pine property in Idaho hit significant widths of high-grade, oxide gold mineralization and extended it deeper and along strike into a gap in historical drilling."We are thrilled with the results from the first four holes," CEO Cal...Read More
With this addition, the company will have three Canadian projects in its portfolio. Nexus Gold Corp. (NXS:TXS.V; NXXGF:OTCQB) announced in a news release it agreed to acquire a series of mineral claims in central Newfoundland, commonly known as the Gummy Bear copper-gold project. For Gummy Bear, which consists of seven claims and 2,525 hectares of property, Nexus Gold will issue 4,000,000 common...Read More
The Gold Price began 2019 with a continuation of it's strong December 2018 rally towards resistance at $1300 that was soon overcome propelling the Gold price higher to next resistance at $1350 by Mid February. Since when entered into a shallow downtrend all the way to the recent low of $1269. Which is particularly disappointing given that many Gold bugs had pinned hopes on safe haven demand in the...Read More
In mid-May 2019 the leading cryptocurrency, Bitcoin(BTC), was trading around $5,600. At $4,000, a prominent technician predictedit was gearing up for a run to $6,500. Yet when it reached $5,700, herecommended selling because of a technical "non-confirmation." As if on cue, BTC began an epicupside run, easily slicing through his initial target! Following an $8,600print, the price cratered...Read More
UNIQUE OPPORTUNITY: First, we typically see stocks sell-off and as the old saying goes, “Sell in May and Go Away!” which is what has been happening. So what does this mean? It means we should start to see money flow into the safe-haven assets like the Utility sector, bonds, and most importantly precious metals. I anticipated this and our XLU utilities ETF taken with members has al...Read More
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By: Dave KranzlerTSLA had yet another bad week, closing down $19 (9%) from the previous Friday's close. Last week every attempted bounce in the stock was shortable on a daytrading basis. Currently Tesla's shares are trading at $188. It would likely be a lot lower if it weren't for Musk's repeated "leaked" emails loaded with dubious production and delivery claims, with both barrels pointed direct...Read More
By: Avi Gilburt I have now been writing for Seeking Alpha for approximately 6 years. And, I can honestly say that not much has changed in the readership base. Yes, that means you.You see, the same folks that have commented on my articles that Elliott Wave analysis is akin to voodoo are still making the exact same comments they made years ago.Do you think that the accuracy of our underlying anal...Read More
By: Jordan Roy-Byrne CMT, MFTAWe have written for over a year about the historical importance of the shift in Federal Reserve policy. We've noted that over the past 65 years in 11 of 13 rate cut cycles the gold stocks have enjoyed tremendous gains. The historical data shows an average gain of over 170% and median gain of almost 150%. As of Tuesday morning, the market showed an 84% chance of a...Read More
Dear Friend of GATA and Gold:Liechtenstein-based investment fund Incrementum's annual "In Gold We Trust" report, compiled by Ronald-Peter Stoeferle and Mark J. Valek, was published this week and again described the reasons for gold's glorious prospects. Among them:-- Loss of trust in international relations and everyday society amid ever-more-polarized politics.-- Gold's generally good performan...Read More
Although I usually let my charts tell me where stocks are headed next, the 'technicals' are a tad sunnier than I at the moment. This is notwithstanding recent weakness that has caused new record highs that were within spitting distance just a few weeks ago to recede. A 3095 target that lay just 4.5% from early May's peak now sits 10.5% away. It's certainly do-able, but I doubt buyers have the mo...Read More
Las Vegas show opens with hopesit will uplift diamond market. Jewelers taking more on memo and using tech intheir stores to tap online supply and improve consumer buying experience.Polished suppliers left with large volumes and low profit margins. Rough marketslow. India's customs unreasonably tightens disclosure rules for rough imports.India April polished exports -18% to $1.6B, rough imports -5%...Read More
Local trading limited as many dealers traveled toLas Vegas. Some Far East and Indian buyers in Mumbai, but supply is focused onthe US. Indian sentiment weak due to reduced demand and tight liquidity. Gooddemand for 0.70 to 1.99 ct., G-J, VS-SI. Stars and melee weak. Cutters workingbelow capacity. RoundRead More
RAPAPORT... Donna Sturm, manager of design and product development forNew York jeweler Verdura, died May 4 after a traumatic brain injury. Sturm, a 30-year industry veteran, was struck by a cyclistwho ran a red light while she was crossing 57th Street during her lunch break onApril 24. She was 67. "Donna Sturm was a vibrant, energetic and wonderful womanwho died as a result of carelessness a...Read More
RAPAPORT... An influential online community for jewelers has bannedsales of lab-grown diamonds, prompting fierce debate on social media. Jewelers Helping Jewelers (JHJ), a Facebook group with more than 16,000members, decreed Wednesday that no synthetics may be sold on the page, arguingthey damage the natural-diamond industry. Group founder and administrator AleahArundale will remove offending post...Read More
Venus Jewel, one of India's and the world's leading and innovative diamond manufacturers, have obtained RJC certification which includes the first audited providence claim on rough diamond origin and traceability for each diamond Venus Jewel they sells in polished form. This provenance claim is reportedly the first of its kind and as such Venus Jewel is the first diamond manufactur...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsCodelco offered the three unions representing around 3,200 workers at the mine a 27-month contract, including a 1.2% real wage increase and a one-time payment of about US$14,000.The offer was rejected over the weekend by around 80% of workers, with unions unhappy Codelco had not included their health care and retirement benefit...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsThe hole, drilled at the Limon prospect, hit more than 200m of visible and persistent disseminated chalcopyrite and molybdenite with some bornite in a strongly altered porphyry system.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade. Equity index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for revised estimated U.S. first quarter real GDP is 3.0% versus the previous estimate at 3.2%. Actual was 3.1%. Consensus for Weekly Jobless Claims was 215,000 versus 211,000 last w...Read More
It's well known that when we're in the workforce, we need vacations. Vacations can lower your blood pressure, increase your creativity, recharge, and prevent burnout from the day-to-day responsibilities at work. Yet America is the No-Vacation Nation… Research found that 47% of Americans didn't take all of their vacation time in 2017, and 21% left more than five vacation days on the table. Y...Read More