Chromium and cyanide had been improperly handled and seeped into rivers used for drinking water in Kratie and Mondulkiri.Read full newsRead More
COLORADO SPRINGS - Gold Resource Corp. recently obtained all regulatory approvals required for the Isabella Pearl open pit heap leach gold project in Mineral County.Read full newsRead More
The price of gold plunged below the $1,300 per ounce level May 15, taking mining companies' stock down with it.Read full newsRead More
The world economy seems to be picking up-but so what? Investors have become used to a depressed TSX and a gloomy world outlook.The GDP is rising, and spending is up, up, up. And yet it's still technically a bear economy, as investors continue to shrug their shoulders and drag their heels. In large part, this is due to a certain someone south of the border stirring up the markets coupled with incre...Read More
What's going on with gold, the dollar and interest rates - especially gold? All of the variables that fundamentally support much higher gold prices are lined up perfectly. Why isn't gold moving higher? The popular narrative in the mainstream financial media would leave one to believe that the dollar is soaring. Eric and Dave put a big dent in that notion. Additionally, in a long-term his...Read More
Via Alt-Market.comIt is often said that "other-izing" people overall can be dangerous and other-izing your enemies specifically can be tactically detrimental. For one, it can lead to a false sense of superiority over those people as you assert some kind of imagined genetic advantage. It can also lead to dangerous generalizations of vast groups as you categorize and pigeonhole millions as being exa...Read More
Moribund MeanderingEarlier this week, the USD gold price was pushed rather unceremoniously off its perch above the $1300 level, where it had been comfortably ensconced all year after its usual seasonal rally around the turn of the year. For a while it seemed as though the $1,300 level may actually hold, but persistent US dollar strength nixed that idea. Previously many observers (too many?) expect...Read More
Ah, Italy. My people; fun to be around, a nightmare to govern. And now an existential threat to the European Union, the euro currency, and the global bond markets.After suffering for over a decade under a monetary regime designed by and for efficient economies like Germany, the Italian people have finally said enough, giving a majority of their votes in this month’s election to parties that...Read More
The stock market mostly paused Thursday through Friday, with a slight uptick, as options expired on Friday. I suspect the Fed held off draining reserves until options expired and big investment banks reduced their exposure to options. Options are a liability to investment banks, especially in big market movements.Meanwhile, oil prices continue to dominate the market.OPEC has to love this situation...Read More
CloseGain/LossOn WeekGold $1291.70+$0.70-2.06%Silver$16.43-$0.01-1.44%XAU82.06+0.27%-2.15%HUI177.75+0.16%-2.46%GDM619.01-0.25%-3.27%JSE Gold1012.82-1.17-5.19%USD93.67+0.19+1.22%Euro117.68-0.28-1.47%Yen90.49+0.05-1.07%Oil$71.28-$0.21+0.82%10-Year3.065%-0.045+3.20%Bond141.21875+0.78125-1.40%Dow24715.09+0.00%-0.47%Nasdaq7354.34-0.38%-0.66%S&P2712.97-0.26%-0.54% The Metals: Gold fell $4.90 to...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort201,468109,02565,319195,925314,014462,712488,358Change from Prior Reporting Period 2,92017,9177,70614,339-2,55624,96523,067Traders19384835452288189 Small Speculators LongShortOpen Interest 57,24631,600519,958 3,5955,49328,560 non reportable positionsChange from the previous repor...Read More
- Welsh gold and the misconceptions surrounding it - GoldCore speak to China Central Television (CCTV)- Welsh gold mired in misconceptions, namely that it is 'rarest' and most 'sought after' gold in world- Investors to be reminded that all mined gold is rare and homogenous- Nothing chemically different between Welsh gold and that mined elsewhere- Investors led to believe Welsh gold is more valu...Read More
The World Gold Council today launched a one-off essay collection, Gold 2048, bringing together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.Key conclusions emerging from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment Officer of State Street Global Advisors; and Michelle Ash, Chief Innova...Read More
HONG KONG (Reuters) - Rising demand for battery materials cobalt and lithium infused some optimism into an otherwise cautious London Metal Exchange (LME) Asia Week, amid a backdrop of slowing growth in China and escalating trade tensions between it and the United States.In the event's first ever session on battery materials in Hong Kong, Chinese cobalt producers such as Jinchuan Group Internationa...Read More
(Bloomberg) - China tightened its grip on the global supply chain for battery raw materials as Tianqi Lithium Corp. struck a deal to take a $4.1 billion stake in Chilean rival SQM, the second-largest lithium producer.Chengdu-based Tianqi is seeking to almost triple production capacity through 2020, part of an aggressive expansion by Chinese companies to tie up sources of the metals and chemicals...Read More
(Bloomberg) - The new era of big batteries has already drawn scrutiny after fiery electric-car crashes across America and Europe. Now, U.S. city planners are worried about the same risk of hard-to-control blazes as these power-storage units make their way into basements and onto rooftops."You can have these things go on fire, and then hours or days later, they can reignite," presenting a new chal...Read More
Eight years after the adoption of the world's first Glacier Protection Law, Argentina's Glacier Institute (the IANIGLA) finally released the official version of Argentina's first complete glacier inventory. The IANIGLA has registered 16,968 glaciers, which are now precisely identified and fully protected by Argentina's Glacier Law, the first of its kind anywhere on the planet. The results of this...Read More
Gemfields has once again partnered with the G? 1/4 belin Gem Lab to embed nanoparticles proving origin into all emeralds for sale at the upcoming auction in Lusaka, Zambia from 15-18 May 2018, to drive greater levels of transparency in the coloured gemstone sector.Why is this important for coloured gemstones customers?- Brands and their customers are becoming increasingly aware of the need to know...Read More
After a series of false alarms over the past week, the Financial Times reported Friday that Italy's anti-establishment Five Star Movement (M5S) and the far-right Northern League have finally agreed on a policy program that had previously eluded them.Read full newsRead More
NEW DELHI, May 18 (Reuters) - Vedanta Resources Plc's shutdown of its South Indian copper smelter, one of India's biggest, is causing a copper deficit and increased prices in India.The smelter, located in a sleepy port city near the tip of the Indian peninsula, has a share of about 35 percent in the India's primary copper market and exports mainly to Gulf and Asian countries, Vedanta says.The unit...Read More