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The Honduran Fire Department informed that four people died, half of them women, and five were injured following a landslide at an artisanal gold mine in the town of El Retiro, 180 kilometres north of Tegucigalpa.According to Reuters, the Fire Department said that the miners were covered in sand and stones while they were cleaning up the ore they had extracted from the mine to separate it from the...Read More

The Minerals Council South Africa, an industry lobby group, said on Sunday it does not support some elements in the latest draft of an industry charter, including a stipulation that one percent of core profit is paid to communities and employees.South Africa plans to raise black ownership at permit-holding mining companies to 30 percent from 26 percent within five years, the draft showed on Friday...Read More

South Africa's Mineral Resources Minister Gwede Mantashe said on Sunday that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mining sites. To date, #SibanyeStillwater operations are responsible for 20 of the 45 fatalities reported since the beginning of the year. It, therefore, cannot be business as usual in how the Regula...Read More

Fed week is exciting for some. Gold bulls and bugs alike hope the Fed will do something or say something that will trigger a huge move in precious metals. It doesn't work like that. The Fed follows the market, which for the Fed Funds rate (FFR) is the 2-year yield. The 2-year yield has been screaming higher over the past 12 months and it implies at least another two rate hikes in the future. That'...Read More

Uncertainty abounds in recent weeks. One moment it seems all is right with the world, and the next moment the earth is about to erupt into chaos. Combine that with rates that are rising and some semblance of inflation, and it could be just about time to add a little gold to your portfolio.Gold, being the traditional safe haven in times of uncertainty, has been pretty stagnant over the past few yea...Read More

What is better - getting your foot in the door of a $7 billion market, or a $635 billion market?I've been thinking about how we think about the marijuana sector.A lot of news is coming out of the west coast states that have fully legalized recreational and medical marijuana.Retailers, distributors, and testing labs are all piling in, trying to get a first-mover advantage.And that advantage will be...Read More

On Wednesday, the Federal Reserve announced its seventh rate hike of the current tightening cycle. Two more are expected to come this year.In response, gold prices rose, trading up $4.50 to more than $1,300 per ounce. Silver surged too, with a string of daily gains from a low of $16.37 to $17.08.Did you expect anything different?If you did, you haven't been reading...Last September, and again in J...Read More

There is no doubt that gold traders and investors are still pondering the reasons for Friday's dramatic $25 decline. In fact, gold's pricing through the end of last week contained several interesting nuances that are typically not seen.On Thursday of last week, gold futures rose approximately five dollars per ounce. However, the net change brought about by buying and selling minus dollar strength...Read More

Jun 18, 2018 Guest(s): Will Rhind CEO, GraniteShares Editor's Note: This week we are kicking off summer 2018 by re-running some of our most popular hit videos. Stay tuned for coverage on everything from cyrptos to the death of liberal democracy, all from your favorite guests.A debt-crisis similar to what Europe saw in 2010-2012 looms on the horizon, and investors should position their portfolio...Read More

Homebuilder sentiment fell 2 points to 68 in June. Rising lumber prices have added nearly $9,000 to the price of a new single-family home since January 2017, according to NAHB's chairman, in part because of tariffs on Canadian lumber that went into effect last year. Homebuilder sentiment was highest in the West and lowest in the Northeast. Diana Olick| @DianaOlick Published 11 Hours AgoUpdated10...Read More

(Kitco News) - It’s easy to call a potential U.S.-China trade war a disaster when you haven’t done the math, says RBC Capital Markets.Analysts at RBC Capital Markets asked one of the most pertinent questions in geopolitics today: “What is a trade war between the U.S. and China worth from a growth perspective?”And the results were surprising, according to RBC Capital Markets...Read More

(Kitco News) - Gold prices areslightly higher in early-afternoon U.S. trading Monday. The market saw a tepidcorrective and short-covering bounce after sharp losses suffered on Friday thatsaw the yellow metal hit a six-month low. There was also some risk aversion inthe marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $2.00 an ounce at $1,280...Read More

Getty ImagesAmerican manufacturers are pumping out the goods as the economy begins its 10th year of expansion. Industrial production fell in May largely because of a fire that disrupted truck assembly lines, but it's up strongly over the past year. The numbers: Industrial production fell in May for the first time in four months, but the drop-off was largely the result of a major fire at an au...Read More

(Kitco News)- The world’s biggest fund manager still sees a case for gold,it’s just warning investors not to be overweight the precious metal in theirportfolios.In its latest monthly gold report, analysts at BlackRockwarned that they expect gold prices to remain range bound for the nextyear-and-a-half as the yellow metal faces an uphill battle against a growingglobal economy.“We...Read More

Fed week is exciting for some. Gold bulls and bugs alike hope the Fed will do something or say something that will trigger a huge move in precious metals. It doesn't work like that. The Fed follows the market, which for the Fed Funds rate (FFR) is the 2-year yield. The 2-year yield has been screaming higher over the past 12 months and it implies at least another two rate hikes in the future. That'...Read More

(Kitco News) - As the excitement around the FIFA World Cup grabs the attention of all sports fans around the world, gold bugs are looking at the trophy itself, which is not only made of gold but is also considered to be one of the most valuable sports prizes out there.The current FIFA World Cup trophy is made out of 13.5 pounds of 18-carat gold.The dimensions of the trophy, which depicts two athle...Read More

(Kitco News)- There is a silver lining to gold’s massive selloff Friday,which is that maybe the market has been shaken out of its doldrums, accordingto one currency analyst.In a report released over the weekend, John Kicklighter,chief currency strategist noted that before gold’s nearly 2% drop Friday,activity in the metal was hovering at its lowest point since 2000. Lookingforward, he...Read More

(Kitco News) - For two years the silver market has been quiet, from alonger-term chart perspective. This sideways price action seen on the weeklycontinuation chart for nearby Comex silver futures is "basing"activity that history shows puts in market bottoms--and is very likely to setoff a big rally at some point down the road. Silver prices at present levels are a longer-term,value-buyin...Read More

(Kitco News) - Large speculators hikedtheir bullish positioning in silver futures by nearly nine-fold and also uppedtheir net long in gold by a more modest 9% during the most recent reportingweek for data compiled by the Commodity Futures Trading Commission.During the week-longperiod to June 12 that was covered by the report, Comex Augustgold slipped by$2.80 to $1,299.40 an ounce, while July silve...Read More