The company's efforts advance the high-grade project toward production. Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release it initiated its 2019 phase 2 resource expansion program at its Copperstone mine in Arizona. With the maximum 15,000 meter (15,000m) underground program, Kerr aims to add another three to four years to the mine life, taking it to eight, at a rate of 3...Read More
The company will include these results, which confirm the resource remains open, in an updated estimate. Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) reported in a news release the results for the last of the 143 holes it drilled at Dark Star "continue to confirm that oxide gold resource expansion remains open in multiple directions." Dark Star is the deposit on Gold Standard's Railroad-P...Read More
Sector expert Michael Ballanger discusses the Federal Reserve and precious metals. Upon reflection back to kinder, gentler times before interventions and the emergence of central bankers as modern-day messiahs, it is noteworthy that every January dawning back to 2001, the precious metals "guru" community makes their usual bombastic pronouncements claiming that "(INSERT YEAR) WILL BE THE YEAR THAT...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/forge...Question 1. Phillip J: You said there will come a time to invest in the stock market. You also said gold performs better than the stock market overall. Why not just invest in gold and forget about the stock market forever?Question 2. John C: So, why not QE infinity? Fed doesn't seem too worried about the astronomical debt that...Read More
The State of the Union Event was a sight to behold! Pelosi was totally disheveled juggling papers, Alexandria Ocasio-Cortez pouted like a child, Bernie Sanders was called a sexist racist for "Trumping" the Official Democratic Response and the women Democrats dressed in white hooted and hollered giving Trump THREE Standing Ovations! Trump worked EVERYBODY in Congress like the Puppet Master he is!Bi...Read More
In December President Trump pounded out a tweet that raised a lot of eyebrows in the Twitterverse. It had to do with America’s defense spending, perceived by Trump to be much too high. He wrote:Didn’t Trump campaign on a stronger military, to crack down on ISIS? To make America safer again? He did, and so the head-scratching began. It was especially odd considering that Trump sign...Read More
Yesterdaywe witnessed a good attempt to move to the downside. The sellers were partiallyrebutted. How did the big picture stand the test of yesterday and what are weto do about it? Let’sexamine the chart below (charts courtesy of http://stockcharts.com). Yesterday,crude oil increased a bit after the market’s open and hit a fresh January high.On an intraday basis, that is. The combinati...Read More
By: Craig Hemke, TF MetalsIt has been a few weeks since we focused on palladium... and the last three weeks have been eventful for our new friend. He's been punched lower, but has crawled up off the mat each time. And now he appears ready to make another batch of new all-time highs.If you've been following along, then you'll recall that Mr. Palladium became our new friend back in the late summer...Read More
By: Ross NormanIf, as they say, it is darkest just before the dawn, then surely for gold at least, the sun must be cresting the horizon now ?After seven disappointing years - in US dollars at least - it is hard to shake off some scepticism. That said, gold is showing vigour in no less than 72 currencies where it is at or close to an all-time high - see hereLooking ahead - it is our view that go...Read More
Washington, DC (February 5, 2019) - A member of the U.S. House Financial Services Committee today pressed the Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the very silver market manipulation now being prosecuted by the U.S. Department of Justice. In a probing letter dated February 5 to CFTC Chairman J. Christopher Giancarlo, Rep. Alex X. Mooney (R-WV) writ...Read More
By: Ira EpsteinMetals very mixed going into the State of the Union address:Read More
Some of you already know about my charity work with Out Of The Heat / Out Of The Cold Program in Kitchener-Waterloo, Ontario. The Program provides a weekly meal for the homeless and a haven of compassion and sense of community for people who for a variety of reasons have found themselves without a regular meal and a roof over their heads.It developed naturally. In my younger years, I was focus...Read More
I’ve got an urgent announcement for you today.One that will help you claim your fair share of a $940 billion pile of cash scheduled to be paid to Americans.No, this has nothing to do with Trump’s State of the Union Address last night.In fact, this cash isn’t tied to Washington at all! (Except for the fact that much of this cash was freed up because of legislation passed in late 2...Read More
"A lot of people who are having mental health issues will often post on their social media pages that they're about to hurt themselves or others," Continue...Read More
The president appeared before the American people last night.Markets waited for good news - or bad news - to come issuing from his mouth.Would he announce a pending China trade deal?Conversely, would he threaten another shutdown if Congress won't fund the wall... or announce a state of emergency?Markets could swing in either direction, depending.But nothing sensational was forthcoming…No c...Read More
RAPAPORT... A client of the Gemological Institute of America (GIA)wrongly submitted a natural diamond as a lab-grown stone, the organizationsaid.The GIA's Carlsbad laboratory recently received the round brilliant,2.23-carat, D-color diamond, which the customer had sent in for asynthetic-diamond grading report. "When a declared synthetic diamond is submitted to a GIAlaboratory, it is not often that...Read More
RAPAPORT... US retail sales will grow 3.8% to 4.4% this year, despiteeconomic concerns and trade tensions, according to the National RetailFederation (NRF). "We believe the underlying state of the economy is sound,"NRF CEO Matthew Shay said Tuesday. "Many people are working, they're makingmore money, their taxes are lower, and their confidence remains high." The organization expects total sa...Read More
CAPE TOWN – Angola's State-owned diamond firm Endiama sees production rising to 13.8-million carats in 2022 compared with 9.5-million carats forecast for this year, a senior official said on Wednesday.Production in 2018 was 9.4-million carats, Endiama's director of geology, Kapingana Mandavela, told an African mining conference.AdvertisementTo watch Creamer Media's latest video repor...Read More
(IDEX Online) - The Antwerp World Diamond Centre (AWDC) reported that diamond trading was balanced in 2018, with imports and exports of rough and polished in line with the year-earlier figures. Exports of polished goods were down 4.5% on the year in volume terms to 4.79 million carats, but up slightly in value to $11.45 billion. Exports of rough stones declined on the year by 5% to 1...Read More
RAPAPORT... The government of South Korea has abolished a 26% individualconsumption tax (ICT) on the import of polished diamonds, following talks withits bourse. In December, the government agreed to simplify the taxsystem for diamond importers by replacing it with a 5% import tax and a 10% value-addedtax (VAT), the World Federation of Diamond Bourses (WFDB) said Tuesday. That came after a f...Read More