By: Ira EpsteinGold above the monthly Bollinger band, it only stays above this band only 5% of the time. The weekly gold chart, this is the best gold price close we have had in years! Up $42 1/2 for the week..Read More

Powell gave a much-awaited speech yesterday, in which he sent one bearish and two bullish messages for gold. What exactly did he say and what does it mean for the yellow metal?Powell Sends One Bearish and Two Bullish Messages for GoldJerome Powell gave a speech yesterday at the Peterson Institute for International Economics. The Fed Chair acknowledged the unprecedented depth of the coronavirus cri...Read More

Here are five Fastmarkets stories you might have missed on Friday May 15 that are worth another look.A diversified portfolio may well prove to be a winning ticket for metals and mining companies during the Covid-19 pandemic, according to the former chief executive officer of Rio Tinto.The stainless sector in the United States and Europe, Middle East and Africa (EMEA) region will consume 13% less n...Read More

Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-17, 2020$KOR.TO, $CORVF, $EDV.TO, $EDVMF, $SMF.TO, $SEMFF, $EQX, $FSM, $AG, $FNV, $SOLG.TO, $SLGGF, $GORO, $GCM.TO, $JAG.TO, $JAGGF, $TPRFF, $GBR.V, $GTBAF, $KNT.V, $KNTNF, $OR, $PGM.V, $LRTNF, $ROXG.TO, $ROGFF, $SAND, $SSRM, $TGZ.TO, $TGCDF, $TXG.TO, $SVM $USAS, $AGI, $GPL, $PAAS, $CDE, $NEM, $VITFF, $VGCX.TOMexico has d...Read More

By: Ira EpsteinGold above the monthly Bollinger band, it only stays above this band only 5% of the time. The weekly gold chart, this is the best gold price close we have had in years! Up $42 1/2 for the week..Read More

Week 1 HighlightsAnd Then We Look at PoliticsThen It Was WednesdayWar of the ExpertsPuerto Rico and the WorldI knew this letter's topic months ago. It was going to be a review of the Strategic Investment Conference, which would have just concluded fabulously in sunny Scottsdale.Well, something intervened. Coronavirus precautions kept us from having an in-person conference. No one was more disapp...Read More

The Covid-19 pandemic is likely to lead to another casualty: the mega mine. The volatility created by crises like Covid-19 is adding a layer of uncertainty to the development of large-scale projects that take a decade or more to progress and are highly capital intensive, according to Tom Albanese, the former chief executive officer of Rio Tinto.This means that mining projects are likely to be deve...Read More

Alcoa Corp has called on the aluminium industry to assess the cost effectiveness of its smelting capacity and make cuts where appropriate - or face a ratcheting up of inventories and a protracted period of low prices. Roy Harvey, the US producer's chief executive officer, said that while curtailments were costly, both financially and in terms of job losses, they were more than necessary at this mo...Read More

While technical indicators only provide CLUES as to the future direction of a stock, bond, or commodity, it's nice to see that silver finally broke the...by Steve St Angelo of SRSrocco ReportNot only is silver having a good day today [FRIDAY, MAY 15TH], but it also broke through a KEY long-term technical level. While many precious metals investors do not follow or believe in technical analysis,...Read More

Gold preserves wealth, but silver can make you rich...by David Morgan of The Morgan ReportSilver is undervalued when you look at the gold-to-silver ratio, which now stands at a staggering 1:106. Silver is riding on the coattails of the gold rally. With a growing universe of negative interest rates, central banks debasing paper currencies, central banks accumulating gold, slowing global growth and...Read More

RAPAPORT... The decline in US retail sales intensified in April as COVID-19 forced stores to shut, according to data the National Retail Federation (NRF) reported.Revenues plunged 22% year on year, and fell 16% compared to March, which had already posted a record-setting 8% month-on-month drop. The NRF based these numbers on official data from the US Census Bureau. April's figures could be im...Read More

RAPAPORT... The trading floor at the Israel Diamond Exchange (IDE) will resume "regular activities" next week, bourse president Yoram Dvash announced in a Facebook post Sunday.From May 24, the hall will function under a new format to ensure it is safe and compliant with government rules, Dvash said, without providing details. The bourse's management approved the move unanimously.The trading f...Read More

RAPAPORT... An Antwerp court has prohibited the World Federation of Diamond Bourses (WFDB) from publicly blacklisting former president Ernie Blom over a payment dispute in Dubai.Blom had sought an injunction to prevent the organization from complying with requests from the Dubai Diamond Exchange (DDE) after the bourse ruled against him last December.The judge sided with Blom on May 12 after h...Read More

RAPAPORT... It could take up to three years for the luxury market to get back on track, as it relies heavily on consumer sentiment and travel, Richemont chairman Johann Rupert predicted."The luxury industry is dependent on customers' willingness to spend - the so-called 'feel-good factor' - and has benefited from increased international travel in recent years," Rupert said last week. "There w...Read More

(IDEX Online) - Diamond exports from India are gradually resuming, as officials in Mumbai introduce a lottery to allow 100 packages a day to leave the country.   Traders chosen at random are allowed to despatch bulk orders, typically to buyers in USA or Dubai waiting for pre-COVID-19 orders to be fulfilled.   The Brihanmumbai Municipal Corporation, which governs the Mumbai area, introduc...Read More

(IDEX Online) - Israel's diamond sector has lost $300m in profit to coronavirus, says Yoram Dvash, president of the country's Diamond Exchange. Trade has declined by 90 per cent, he told the news agency Reuters, and deals worth $1.5bn during March and April were wiped out by the pandemic. Israel is the world's fifth-biggest diamond-trading nation, with the sector accounting for nine...Read More

(IDEX Online) - Angola's diamond production will plunge by over three quarters this year, according to the state-run mining company Endiama.Output from the country's 12 mines totaled 9.2m carats in 2019, grossing $1.26bn, an increase of 10 per cent on the previous year, boosted in part by trading reforms.But COVID-19 continues to adversely affect the world's fourth-biggest diamond-p...Read More

PRIVATE BLOG - Gold & Its Role & the DowPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More

Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) ("PureGold" or the "Company") is pleased to report mine construction activities at its PureGold Red Lake Mine in Ontario are on schedule for first gold pour before the end of the year.Work to date has proven we have a clear and precise understanding of theRead full newsRead More

Gold jumped more than 1% on Friday to levels last seen in 2012, as renewed U.S.-China trade tensions added to concerns about a deep economic slump due to the coronavirus pandemic.Read full newsRead More