Precious metals mining company Sibanye-Stillwater is going to buy the Sandouville nickel hydrometallurgical processing facility from French mining group Eramet SA in a move to build on its strategy to diversify into the battery metals supply chain, the company said.The current Sandouville facilities, located in Normandy, France, include a hydrometallurgical nickel refinery with a capacity of 12,00...Read More

A summary of Glencore's production results for the first half year of 2021, released on Friday July 30.In brief The company's own sourced zinc production rose year on year, mainly due to recovery from Covid-related suspensions in the second quarter of 2020, particularly in Peru. Its own sourced nickel production was lower compared to the corresponding period in 2020 due to major planned maintenanc...Read More

The gold miners’ stockswere whacked hard earlier this summer on a Fed-rate-hikes scare.  That serious anomaly really damaged sentiment,spawning exceptionally-weak seasonal performance in this contrariansector.  But the bruised gold stocks andthe metal they mine have trudged through, making it back to the start of theirtraditional strong season.  That beginswith robust autumn r...Read More

Technical analyst Clive Maund explains why he is bullish on gold and precious metals. Despite the looming threat of massive inflation, or at least stagflation in the event that markets collapse, many appear to have given up on gold at the worst possible time, perhaps due to the mistaken belief that it will be perpetually suppressed by market manipulators. The key point to grasp with gold, which h...Read More

Here are five Fastmarkets stories you might have missed on Friday July 30 that are worth another look.A change in China's tax rebates for several steel products brought trade to a halt in the South American coil import market, while prices continued to rise.Nickel producer Talon Metals will collaborate with the United...Read More

Expectations still abound for the long-awaited, vertical leap in silver prices.  We are told it is inevitable; and that it is supported by solid fundamentals. Those fundamentals include supply deficits, a return to the 16 to 1 gold-silver ratio, increasing monetary demand for silver, etc.However, an examination of those fundamentals reveals a different picture. That picture is inconsistent w...Read More

The U.S. dollar, as the world reserve currency, is still the driver of silver, gold, and inflation pricing and the charts below show that they should now be ready to run based on the USD topping and then dropping in “price”.At this point the U.S. Dollar has corrected upward but has now either entered its next top, or is very close to that overhead resistance. Thus, we appear to be at t...Read More

Our followers and readers have been emailing us asking for more research into Precious Metals and updated Adaptive Dynamic Learning (ADL) Price Modeling charts (our proprietary price/technical mapping system capable of predicting future trends, setups, and price levels). This special Gold and Silver research article will help you learn what to expect over the next 24+ months and where opportunitie...Read More

As the summer doldrums drag on, precious metals bulls are eying potential support levels for a seasonal bottom. The gold market found support at the $1,750 level last month and has since been trading with a slight upside bias. Although the price action hasn’t been especially exciting, base building in these summer months can be a healthy technical process in the context of a larger bull mark...Read More

Gold has been suckingwind this summer, trudging along after getting slammed by a distant-future-rate-hikesscare.  The resulting lower prices havereally damaged psychology, leaving investors wavering on gold.  Their recent capital inflows have reversedinto modest selling, contributing to unusual weakness in this leadingalternative asset.  But investment demandshould roar back in this...Read More

Here are five Fastmarkets stories you might have missed on Friday July 30 that are worth another look.A change in China's tax rebates for several steel products brought trade to a halt in the South American coil import market, while prices continued to rise.Nickel producer Talon Metals will collaborate with the United...Read More

The current high inflation could theoretically transform into hyperinflation, disinflation, stagflation, or deflation. What does each mean for gold?Inflation, inflation, inflation. We all know that prices have surged recently. And we all know that high inflation is likely to stay with us for a while, even if we assume that the CPI annual rate has already peaked, which is not so obvious. But let&rs...Read More

It seems that choosing GDXJ to shortthe PMs was a good decision – juniors closed the day at new 2021 lows. Will ourprofits only grow from now on?Gold’s yesterday’s intraday attempt torally was not bullish. On the contrary, it was what usually happens rightbefore a big slide. Especially given the USDX’s breakout.Let’s start with the latter. Yesterday there was a second...Read More

Powell admits that inflation is well above the Fed’s target, but he still considers it transitory. Gold increased in response – only to fall again.Last week, Powell testified before Congress. On the one hand, Powell admitted in a way that inflation had reached a level higher than expected and is above the level accepted by the Fed in the longer run:Inflation has increased notably and w...Read More

Since the origin of the Federal Reserve in 1913 the US dollar has lost ninety-nine percent of its purchasing power.Not coincidentally, but in direct reflection of the dollar’s loss in purchasing power, the price of gold has multiplied one hundred fold from $20.67 oz to $2060 oz as of August 2020. The chart (source) below shows the ever-increasing price of gold over the past century…...Read More

RAPAPORT... The Plumb Club, an alliance of suppliers to the jewelry, diamond and watch industries, has elected Sam Sandberg of A.Jaffe as its president.Sandberg will succeed Michael Lerche of Goldstar Jewellery, who has stood down after serving the maximum term of three years but will remain on the board, The Plumb Club said last week. Roger Forman of Marathon Company will leave his position as tr...Read More

RAPAPORT... The Diamond Dealers Club of South Africa has elected Molefi Letsiki to serve a three-year term as chairman.Letsiki, the owner of Molefi Letsiki Diamonds, was elected at the diamond exchange's 18th annual general meeting, which took place virtually on July 22, Letsiki told Rapaport News last week. Prior to taking over from Lionel Noach, Letsiki served as deputy chairman to both Noach an...Read More

RAPAPORT... Lucara Diamond Corp. has unearthed a 393.5-carat diamond from its Karowe mine in Botswana, the seventh over 300 carats this year.The miner recovered the gem-quality, white, type IIa diamond from the site's south lobe M/PK(S) area, known for its large, valuable rough, it said last week. The company also found a 156.2-carat, high-quality rough from the same production run. Of the se...Read More

(IDEX Online) - A lawyer in Pakistan is urging the government to retrieve the iconic Koh-i-Noor diamond from Britain.It's the latest of many twists in the history of the 105.6-ct Type IIa D-color gem, which has been the center-piece of Queen Elizabeth's crown since her coronation in 1953.Ownership of the stone is a matter of bitter debate, with India, Pakistan, Iran, and Afghanistan all...Read More

(IDEX Online) - De Beers founder Cecil Rhodes is to blame for 20,000 African deaths, says a leading Oxford University academic.Prof William Beinart says Rhodes was a "more brutal figure than previously thought" after researching his life for the commission appointed by Oriel College to consider whether a controversial statue should be removed. He held the "Rhodes Chair of Race Relations" from...Read More