Stalling Markets

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The combination of American trade protectionism and the end of a failing credit expansion is leading into a global economic downturn, and potentially a systemic crisis. Meanwhile, investors still believe more extreme monetary policies will stabilise economies and that the ultra-low interest rate environment will persist without renewed price inflation. As Samuel Johnson reputedly said… Read More

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This Needs To Happen Before Silver Really Takes Off

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When the increase in credit or the money supply has run its course, and is unable to drive paper prices higher; value then flees from paper assets to safe assets such as physical gold and silver, causing massive price increase. Advertisements Continue reading → Source: hubertmoolman.wordpress.com

Refuting Ted Butler’s criticism

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Following last Thursday’s article on silver (A whale is accumulating silver futures), Ted Butler, an analyst who specifically follows silver futures on Comex, responded in an article posted on Silverseek.com, entitled “Wrong Whale”. I have decided I must refute his allegation that what I wrote is factually incorrect. The problem right from the start is… Read More

Tanzania fines Acacia Mining $2.4m over alleged pollution

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Tanzania’s mining minister said on Monday Acacia Mining had been fined 5.6 billion Tanzanian shillings ($2.4 million) for alleged pollution at its North Mara mine. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. It was forced to cut output by a third after the government banned the export of… Read More

South African government says it intends to de-register AMCU union

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The South African government intends to cancel the registration of the Association of Mineworkers and Construction Union (AMCU) for not operating according to the Labour Relations Act, a notice in the government gazette said on Wednesday. AMCU, one of the largest trade unions in South Africa’s mining sector, has thousands of members at gold and… Read More

Researchers learn to produce borophene on a gold surface

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Scientists from Rice University, Argonne National Laboratory and Northwestern University discovered that when heated in a furnace and place on a gold surface, boron atoms dissolve into a bath of gold and when the materials cool down, they resurface in the form borophene. Borophene is the atom-flat form of boron. Illustration by Luqing Wang |… Read More

Platinum miners their own worst enemies: Joburg mining update

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South African mining executives, investors and officials gather in the nation’s economic hub for the Joburg Indaba conference, a week after Mineral Resources Minister Gwede Mantashe published the government’s new Mining Charter. It’s been a tough couple of years for South African mining, from regulatory uncertainty and legal fights with the government, to thousands of… Read More

AngloGold Says There's No Escaping Demise of South African Gold

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(Bloomberg) — South Africa’s gold industry, once the world’s largest, faces an inevitable decline, according to the chairman of the country’s biggest producer of the metal by market value. Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down, said AngloGold Ashanti Ltd. Chairman Sipho Pityana. That means the… Read More

Russia's Nornickel cuts 2018 output forecast for copper project

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MOSCOW, April 26 (Reuters) – Russia’s Norilsk Nickel (Nornickel) has cut the 2018 production forecast for its new Bystrinsky copper project near the Chinese border due to a problem with equipment which it hopes to fix in the second quarter, it said on Thursday. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal,… Read More

Fourteen Colombian miners rescued from collapsed mine

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It took Colombian authorities about three hours to be able to dig a back access entrance and free 14 people that were trapped inside a gold mine in the Marmato municipality of the Caldas province. According to the regional Department of Risk Management, Environment and Climate Change, La Socorro’s mine main entrance collapsed on Wednesday… Read More

Argentinian secretaries to jail for Veladero spill

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Federal judge Sebastián Casanello prosecuted Sergio Lorusso, Argentina’s former Secretary of Environment, and Jorge Mayoral, former Secretary of Mines. The officials are accused of abuse of power in the case of the 2015 cyanide spill at Barrick Gold’s (TSX, NYSE:ABX) Veladero mine, the first of three similar incidents registered at the operation between 2015 and… Read More

Sibanye-Stillwater partners with Wits to create the 'mine of the future'

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In a technology-focused partnership that will help make mines safer and more productive, Sibanye-Stillwater and the Wits Mining Institute (WMI) at the University of the Witwatersrand, today launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine). DigiMine is a simulated mining environment in the Chamber of Mines building on the West Campus of Wits University, whose facilities… Read More

Own Gold Bullion To “Support National Security” – Russian Central Bank

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– We own gold bullion to “support national security” – Russian Central Bank – Russia warns Washington: Confiscating fx reserves would be “declaration of financial war” – Russia has quadrupled its gold bullion reserves in decade – BRICs discussing ‘the possibility of establishing a single (system of) gold trade’ – Russia, China & maybe Saudi Arabia form alliances… Read More

Bitcoin $10,000 – Huge Volatility of Cryptocurrencies and Risky Fiat Making Gold Attractive

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– Bitcoin tops $10,000, soaring more than 850% since beginning of 2017 – Irrational exuberance arguably main driver of price performance – Google Trends shows search for ‘Bitcoin Bubble’ hit highest level this morning – Buyers need to be aware of hacking and security risks – Other primary risks to widespread adoption is volatility and liquidity risk… Read More

Gold Price Rigging Continues

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IM Gold 10 11 2017

Again gold was taken down on the futures market, but this time was done at the Comex opening. Apparently 4 million ounces of gold was traded in 10 minutes. This was reported by Bloomberg. This article explains how it was done. Previously Investing Matters has reported how the paper gold price is taken down on… Read More

Gold Price Rigging Charts

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IM Gold Price 07 11 2017

Investing Matters has been monitoring the extreme price movements on the Gold paper price. Most of the extreme, DOWN price movements are done when London and New York Comex overlap, as illustrated on the chart below. Here are other Gold Price Charts showing the gold price take down.           I would… Read More