Snippet: There will be no equivocating, fence sitting or any kind of hedging or expression of doubt in what is written in this update. Let me be absolutely clear: – we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a […]
Snippet: There is a decent number of executives in the junior industry that were part of or led a company to an acquisition. If they have done it before then they know what needs to be done in order to do it again. If management has not been involved in a transaction, check to see […]
Snippet: Gold rose throughout most of world trade and ended near its midafternoon high of $1255.70 with a gain of 0.85%. Silver rose to as high as $16.522 and ended with a gain of 1.1%. Author(s): Chris Mullen Please Note: There will not be any Gold Seeker Reports for the next few weeks. Friday, July […]
Snippet: COT Silver Report – July 21, 2017 Friday, July 21st <p class="MsoNormal" style="text-align: cente read more Source: SilverSeek Commentaries
Snippet: The gold-futures and silver-futures short positions held by speculators have rocketed up to extremes in recent weeks. These elite traders are aggressively betting for further weakness in gold and silver prices. But history has proven extreme shorts are a powerful contrarian indicator. Right as speculators wax the most bearish as evidenced by their collective […]
Snippet: New York closed only $0.80 lower than Shanghai yesterday and has been trying to follow Shanghai all the way up, with London opening today at a discount to Shanghai’s trading today of $5.06 an narrower discount than we have seen this week. Both London and New York are being pulled up by Shanghai. With […]
July 21, 2017 A highlight of 2017 financial markets has certainly been the explosion of interest in cryptocurrencies. We attribute growing interest in digital currencies to a concern shared by many gold investors. In short, resentment is mounting over the financially repressive policies of global central banks. Specifically, the imposition of negative interest rates and […]
July 21, 2017 This week, Eric Sprott discusses the how the U.S. political situation and falling dollar might impact the prices of gold and silver. https://soundcloud.com/sprottmoney/sprott-money-ne… Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities. Since 2010, he […]
July 21, 2017 Global debts are rising, as is economic inequality. Bubbles abound. The Bank for International Settlements is warning of a potential synchronized financial collapse. Capitalism, particularly the richest 1% who have benefited from rising asset prices, appear set to take the blame. Is that smart? Not so, says Jeff Deist, President of the […]
ATLATSA Resources Corporation (Atlatsa) will put its 51%-owned Bokoni Platinum Mines (Bokoni Mines) on care and maintenance which will remove an estimated 140,000 ounces in annual platinum group metal (PGM) output from the market. As part of a debt cancellation agreement with its 49% joint venture partner, Anglo American Platinum (Amplats), Bokoni will also sell […]
– Gold hedge against currency devaluation – cost of fuel, food, housing – True inflation figures reflect impact on household spending – Household items climbed by average 964% – Pint of beer sees biggest increase in basket of goods – rise of 2464% – Bread rises 836%, butter by 1023% and fuel (diesel) up by 1375% […]
ON 19 July 2017, the South African Minister of Mineral Resources published a notice in the Government Gazette inviting interested parties to make submissions on his intention to restrict: · the grant of applications for prospecting or mining rights; · the processing of applications for the renewal of such rights; and · the grant of […]
ACACIA Mining is to put its Bulyanhulu gold mine on care and maintenance at the end of the current quarter under pressure of a government concentrate export ban which has seen the UK-listed group’s net cash almost halve to $90.7m as of June 30. The company’s cash balance fell to $176m from $318m. And in a […]
Snippet: Golden Arrow Resources Corporation (TSX VENTURE:GRG)(GAC.F)(WKN:A0B6XQ)(GARWF) ("Golden Arrow" or the "Company") – Subsequent to the formation of the joint venture with Silver Standard Resources Inc. (SSO.TO)(SSRI) ("Silver Standard"), which was announced on May 31, 2017, the joint venture, named Puna Operations Inc. ("POI"), has been formed to hold both the Chinchillas project and the […]
Snippet: Gold fell $6.30 to $1235.30 in London before it climbed back to $1242.00 by a little after 9AM EST and then dropped back to $1237.60 in the next hour of trade, but it then jumped to a new session high of $1247.50 in late morning action and ended with a gain of 0.17%. Silver […]
July 20, 2017 This is an issue that hits your pocket book and you need to care about it. ~ Catherine Austin-Fitts We write about pension funds a lot. The theft of our pensions and retirement savings is, not only, an ongoing situation, the “big one” is on the horizon and seems to be approaching […]
Snippet: Finally, I’ve found the statistic I’ve been searching for since 2014 – to solidify what I have always known, but couldn’t prove, about silver’s rock solid fundamental outlook. However, it will have to wait until the article’s end, given how many other, extremely important topics I need to address. Starting with, the lunacy of […]
PAN African Resources (Pan African) could add a fifth to its current annual gold production if a feasibility study to mine from a closed shaft at Evander Gold Mine (EGM) checks out. “We need to see what the feasibility study finds, but potentially it could add between 30,000 to 40,000 ounces,” said Cobus Loots, Pan […]
SOUTH Africa’s Chamber of Mines was contemplating the launch of a second interdict against the government in as many months following a notice in the Government Gazette yesterday which critics say would cripple the industry. Relying on certain discretional powers set down in Section 49 of the 2010 Minerals & Petroleum Resources Development Act (MPRDA), […]
– Bitcoin volatility shows not currency or safe haven but speculation – Volatility still very high in bitcoin and crypto currencies (see charts) – Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900 – Bitcoin least volatile of cryptos, around 75% annualised volatility – Gold much more stable at just 10% annualised […]