By Mike Gleason, Money Metals Exchange Gold and silver markets test some near-term technical support levels late this week, investors are focused on takeaways from the Jackson Hole symposium. Federal Reserve chairman Jerome Powell headlined a list of other central bankers, academics, and financial elites at the annual Wyoming gathering. Powell was widely expected to signal a rate cut ahead d...Read More
David HaggithPretty good if you ask me. Most economic indicators this year have moved relentlessly in the direction of recession, and now the Cass Freight Index is saying a US recession may start in the 3rd quarter, fitting up nicely to my prediction that we would be entering recession this summer.Cass comes on boardThe Cass Freight Index is one of the most robust proxies for the US and global e...Read More
By: Ira EpsteinGold in a distribution pattern. How do we come out of it is the question:Read More
Daniel R. AmermanThe front page of the August 16th Wall Street Journal contains the information found in the remarkable graph below.As can be clearly seen, year to date around the world - including in Austria, Japan, Germany, and the U.S. and the U.K. - we are in practice seeing some of the most astonishing short-term returns ever seen when it comes to long and ultralong bonds.The title of the...Read More
Dave KranzlerBullion Star released a graph Tuesday that showed Switzerland exported 90 tonnes of gold to the London gold market (U.K.) in July, which dwarfed exports to India and China. Bloomberg's spin on the data was that the gold was needed for ETFs. Of course, as is typical, the Bloomberg "journalist" likely regurgitated "information" that came from a source rather than fact-chec...Read More
Bakkt is set to launch on September 23rdBitcoin hash rate reached a new ATH this month ahead of halvingNew Zealand tax authority lets citizens receive crypto salariesBTC/USD bull market is far from overAugust 2019 has been full of positive crypto news so far. The Bakkt launch will bring legitimacy to crypto and attract additional institutional capital. The BTC hash rate hitting a new all-time high...Read More
David reminds us of how ridiculously undervalued silver is along with silver's tiny share of global financial wealth...by Patrick V. via SBTV with David MorganReturning SBTV guest, David Morgan of The Morgan Report, reminds us of how ridiculously undervalued silver is today. Also covered in this interview was the power pyramid of the financial elite of which governments are at the lowest rung!Disc...Read More
Preliminary signs are emerging...by Rob Keyens via Gold Silver Pros with Chris MarcusAre we nearing a break point in the silver market?It might be a bit early to say for sure, but there certainly are preliminary signs emerging.As I discussed in this interview with Robert Kientz of goldsilverpros.com...Read More
The DOJ knows the guilty traders get their on-the-job training from the bank's more senior traders. Will the DOJ go after the root criminality now?by Ted Butler of Butler Research via Silver SeekTuesday's announcement by the Justice Department of a guilty plea by a long term former trader from JPMorgan for spoofing COMEX precious metal futures was the second such guilty plea since October. Both tr...Read More
Is silver about to finally play catch-up to gold?by Craig Hemke via Sprott MoneyWhile we've been on the record since January in predicting that 2019 would see the best annualized gains for the precious metals since 2010, we've also been concerned that COMEX gold might pull away from COMEX silver in the short term. Now? Maybe not so much.Two posts from earlier this year that you should review befor...Read More
Terramin leads gold-copper revival in South AustraliaSPONSOREDterramin australiaThickened tailings deposition for closureSPONSOREDsrk consultingDe-risking delivers value in GalenaSPONSOREDgalena miningPeel cracks Cobar codeSPONSOREDpeel miningIt's why the diffidence that usually characterises his market outings was replaced at this week's profit briefing with a sense of glee.Read More
With little changed in the depressed markets, focus will now turn to what ideas central bankers come up with when they meet at the Economic Policy Symposium at Jackson Hole, in the US state of Wyoming, on Friday August 23. In particular, all eyes will be on US Federal Reserve chair Jerome Powell. Thursday’s flash manufacturing purchasing managers’ indices (PMI) showed US manufa...Read More
U.S. equity index futures moved higher this morning. S&P 500 futures were down 17 points in pre-opening trade. Index futures moved lower following news that China plans to impose new tariffs on September 1st on an additional goods valued at $75 billion.U.S. Investors are waiting for comments on monetary policy to be released at the Jackson Hole symposium this morning at 10:00 AM EDT. The Canad...Read More
A Colorado School of Mines chemistry professor is among the leadership of a new National Science Foundation research center dedicated to the scientific challenges related to metals recycling and sustainability.Associate Professor Jenifer Shafer is one of three executive board members of the new Center for Sustainable Separations of Metals (CSSM), led by the University of Pennsylvania.Research com...Read More
Global mining companies operating in Mexico are working with the country's mining chamber, Camimex, to determine the impact of Mexico's President Andres Manuel Lopez Obrador's statement earlier this month that no new mining concessions will be handed out in the country.President Lopez Obrador said that his government will "keep the current concessions and not hand out new concessions, because they...Read More
Three of the initial assays from Macarthur Minerals' (TSXV: MMS) Hillside gold and copper project in the Pilbara region of Western Australia have returned anomalous grades for base metals and gold, the company says.One gossan outcrop returned 6.4% copper and 0.45% zinc, 0.185 ppm gold and 37.8 ppm silver, showing similar copper grades to a historical rock chip from another gossan outcrop 6 km sout...Read More
Terramin leads gold-copper revival in South AustraliaSPONSOREDterramin australiaThickened tailings deposition for closureSPONSOREDsrk consultingDe-risking delivers value in GalenaSPONSOREDgalena miningPeel cracks Cobar codeSPONSOREDpeel miningAt the peak of the commodity-price cycle in 2010-2012, when most global miners invested in digital technologies such as autonomous haulage or remote operatio...Read More
Bulk samples collected from test pits excavated at Novo Resources' (TSXV: NVO) Egina gold project in the Pilbara region of Western Australia have recovered coarse gold.Novo processed 281 cubic metres of surface lag gravel next to the first exploration trench on the property. The gravel yielded 292.38 grams of coarse gold nuggets. One sample yielded 118.6 grams of gold nuggets from 80 cubic meters...Read More
Mounting challenges at its wholly owned Campo Morado zinc mine in Guerrero state, Mexico, has prompted Telson Mining (TSXV: TSN) to put the operation on care and maintenance, and devote its resources to getting the Tahuehueto gold operation in Durango state into commercial production.Telson recently announced its decision to indefinitely curtail operations at Campo Morado, citing both security and...Read More
The Peter Schiff Show Podcast - Episode 494Recorded August 23, 2019A Bad Day for Everybody Except the Democratic Candidates - If you are one of the Democrats running for President, today was a pretty good day for you. But it was a bad day for just about everybody else; I guess other than gold investors, which I clearly am, but I'm also an American and I hate to see bad things happening to my count...Read More