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Gold & Silver Seeker Report: This Week In Mining Issue #22 - Q2 Production Numbers

July 20, 2020 / news.goldseek.com

With government imposing mandatory suspensions of non-essential business in some places around the world, the majority of the mining sector continues to operate uninterrupted with the exception of adhering to CV19 protocols. Meanwhile, the gold price continues to hold strong at or above $1,800/oz. and has been very buoyant after sell-offs. Additionally, silver seems to be confirming the breakout...Read More

Gold: Still Climbing the Wall of Worry

July 20, 2020 / news.goldseek.com

By: Gary SavageGold traders were conditioned to trade through the churning phase. Gold is currently in the phase where those kicked out of the market, still are not sure what to do, they are still out -- and when they jump back in, we should have our intermediate cycle top:http://blog.smartmoneytrackerpremium.com/Read More

Goldman's Stacks of Gold

July 20, 2020 / news.goldseek.com

David HaggithGoldman Sachs, JPMorgan, and BlackRock Financial Management are stacking up wealth like never before, thanks to the Great Recession 2.0, a.k.a. the Second Great Depression. Yet, the Fed maintains its recovery plans do not create wealth disparity.Fed-hawk Ron Paul wrote this week,Federal Reserve Chair Jerome Powell and San Francisco Fed President Mary Daly both recently denied that t...Read More

GOLD: Barbarous Relic or Friend of Liberty? Confiscation Coming?

July 20, 2020 / news.goldseek.com

Gold is the ultimate international currency.All over the world, gold has been money for thousands of years. Federal Reserve counterfeiting is showing the world (once again) as to why this is so.Watch Friday's Liberty Report below:Read More

How to benefit from the big US infrastructure push

July 20, 2020 / news.goldseek.com

Richard (Rick) Mills, Ahead of the herdThe US economy continues to flounder like an East Coast freighter bashed by a mid-winter Nor-easter. Fifty million claims is the latest unemployment milestone surpassed by the American workforce during the ongoing coronavirus pandemic that has drubbed the United States worse than any other country including China, where it started. In a stark contrast of...Read More

Small Business Blues

July 20, 2020 / news.goldseek.com

Closed for GoodFalse StartSmall Businesses Need CustomersIt's a Global DepressionNoncreative ProtectionPuerto Rico and Maddening COVID DataPoliticians love saying small businesses are important to the economy. In this case, it isn't just rhetoric. The millions of little companies with a handful of workers are, collectively, more important than the few hundred large enterprises we see in the news...Read More

IN CASE YOU MISSED IT: 5 key stories from July 17

July 20, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Friday July 17 that are worth another look.Imports of long products to the European Union dropped during the first four months of 2020 year on year due to the toxic combination of the effect of Covid-19 on consumption and rising protectionism.It has not been an easy year so far for Peru's zinc and lead mining companies after the coronaviru...Read More

IN CASE YOU MISSED IT: 5 key stories from July 17

July 20, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Friday July 17 that are worth another look.Imports of long products to the European Union dropped during the first four months of 2020 year on year due to the toxic combination of the effect of Covid-19 on consumption and rising protectionism.It has not been an easy year so far for Peru's zinc and lead mining companies after the coronaviru...Read More

GREAT WEEK FOR SILVER & THE MINERS: Where Was The Best Performance?

July 19, 2020 / www.silverdoctors.com

Get ready. The world is just beginning to learn about silver... by Steve St Angelo of SRSrocco ReportGet ready. The world is just beginning to learn about silver. With so very little physical bullion silver stocks in the world, when investors finally get "Precious Metals Religion," who knows how crazy the price can go. This isn't hype... just plain old fashion common sense, logic, and funda...Read More

Pandemic Hits Michael Hill Sales

July 19, 2020 / www.diamonds.net

RAPAPORT... Australian jeweler Michael Hill reported a sharp drop in revenue during the fourth quarter, as the coronavirus pandemic forced it to shut down most of its stores.Group sales slumped 61% to AUD 133.1 million ($93.1 million) during the three months that ended June 30, with drops across all markets, the company said last week. Same store sales - at branches open more than a year - fe...Read More

Rio Tinto Output Slides in First Half

July 19, 2020 / www.diamonds.net

RAPAPORT... Diamond production at Rio Tinto dropped 7% year on year in the first half of 2020 as the miner recovered lower-grade ore at its Diavik mine in Canada.The company's share of production at the Argyle and Diavik mines came to 7.7 million carats for the six months ending June 30, it said last week. Diavik yielded 1.8 million carats for the company, a 17% decrease compared to the same...Read More

De Beers Invests in Online Jewelry Brand

July 19, 2020 / www.diamonds.net

RAPAPORT... De Beers has invested in jewelry company Gemist, which enables customers to create customized jewelry online and try it at home prior to purchasing.Shoppers can choose from a variety of stones, metal and settings to create a piece, then use the company's "try-and-buy" system that provides them with a no-cost replica of the jewelry. If they decide they like it once they've tried it...Read More

US Retailers Encouraged by June Increase

July 19, 2020 / www.diamonds.net

RAPAPORT... US retailers recorded their first year-on-year sales growth since the beginning of the year in June, as more businesses began to reopen following coronavirus-related lockdowns, according to government data.Revenue for the month grew 1.1% over the same period last year, and rose 8% over May's figure, data from the US Census Bureau showed."The retail sales numbers from last month were ve...Read More

Businessman Charged over $200m Jewelry Ponzi Scheme

July 19, 2020 / www.idexonline.com

(IDEX Online) - A New York businessman who allegedly promised investors huge returns from wholesale jewelry deals has been charged with running a $200m Ponzi scheme.Gregory Altieri, 53, lured them with returns of up to 70 per cent within five months on cash used to buy jewelry at closeout prices during the two-year scheme, according to district court papers for the for the Eastern District of New...Read More

Lucara to Sell all High-Value Diamonds through HB Group

July 19, 2020 / www.idexonline.com

(IDEX Online) - Lucara is to sell all its larger rough diamonds through the Antwerp-based HB Group in what it describes as a "groundbreaking partnership".The Canadian miner has a reputation for high-value type IIa diamonds at its Karowe Mine, in Botswana, and was proud to announce its discovery of the 1,758-carat Sewelo (pictured), the world's second largest diamond, last April.It has been st...Read More

Coronavirus: Alrosa and De Beers Sales Plunge by over 90 per cent

July 19, 2020 / www.idexonline.com

(IDEX Online) - Alrosa and De Beers have both reported disastrous Q2 sales - down over 90 per cent  - because of COVID-19.The two miners, who account for more than half of all diamonds produced globally, said they'd been by an unprecedented slump in demand.Alrosa's rough sales were down 91 per cent year on year to $74.1m and De Beers' fell 96 per cent to $56m.Both companies hav...Read More

Petra's Tough Sales Pitch

July 16, 2020 / www.diamonds.net

RAPAPORT... The current plight of Petra Diamonds is a frustrating example of the impact Covid-19 has had on the diamond industry, highlighting the lack of readiness for such a downturn.As an important mid-tier diamond miner, the company has annual production of around 3.5 million to 3.8 million carats, but is burdened by high debt from its efforts to extend the life of its operations and maintain...Read More

Jewelry Group Names Winners of Design Awards

July 15, 2020 / www.diamonds.net

RAPAPORT... Twelve jewelry designers have received the Manufacturing Jewelers & Suppliers of America (MJSA) Vision Award, which this year includes a new category for colored-stone distinction.The prizes honor outstanding creativity, craftsmanship and technological prowess, as well as originality and functionality. MJSA awards them to both professionals and students, the trade organization...Read More

RT @BrynneKKelly: Indian Oil's 300,000 bpd east coast refinery to be shut for 3 weeks starting July 25

July 20, 2020 / auto.economictimes.indiatimes.com

As per the company's request, a shutdown order was issued. The refinery was last shutdown completely in 2018.Read full newsRead More

RT @staunovo: #Nigeria: Urhobo Youths Threaten To Shut Down Oil, Gas Installations #OOTT

July 19, 2020 / www.independent.ng

ASABA - Urhobo Youth Leaders Association (UYLA) has tasked the Federal Government on the need to address the over 50 years of social-economic neglect of the Urhobo nation, threatening to shut down all oil and gas installations and production in UrhoRead full newsRead More

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