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Gold market is starting to resemble elephants trying to fit 'through a really small door' The relatively small size of the gold sector could lead to out-sized investor gains, said Vrify CEO Steve de Jong. De Jong sat down for a podcast on Friday with mining reporters Neils Christensen, Michael McCrae and Paul Harris. Before founding Vrify, which produces virtual mine tours, de Jong had a huge success in the mining space at another firm. He headed Integra Gold, which…

Precious gift- $1,800 gold, and higher silver ahead Gold investors on the long side got a precious gift this past week: $1,800 gold! That means gold has gained 17.9% year-to-date, 29.1% in the last twelve months, and is at 9-year highs last seen in late 2011. Now that’s momentum. And the drivers for this rise have all the hallmarks of a sustained bull market. Let’s look at what some of these drivers are… According to the OECD, global unemployment will…

Gold and silver see healthy pullback, platinum fails at resistance Thursday's action in gold and silver was very bullish. Pullbacks in bull markets are really buying opportunities. If you always remember one thing in up trending markets: buying support is the best trade. It's just like selling rallies or resistance is the best trade in down trending markets. This morning gold and silver are rallying again and should reach their resistance levels before seeing another pullback. Based on the recent…

Silver – not a secondary metal Since the middle of March 2020, the iShares Silver Trust (NYSEARCA: SLV) has already seen rallies of more than 57%. It is now clear that these incredible moves have come as a decisive response to the market’s assessments of the global economic outlook post-coronavirus era. Ultimately, the recent rallies in SLV suggest precious metals assets still hold the top position as the most important safe-haven instruments. One of the many misconceptions about the proper…

A ticket to a golden rally, will gold break its all-time record high? For those investors, traders and market participants that actively trade or invest in gold, the last couple of trading days have truly been historic. Yesterday gold futures for the first time since 2011 closed solidly above a key psychological and resistance level which occurs at $1800 per ounce. That was followed today when physical or spot gold prices also traded above $1800 per ounce. Not since the…

Kirkland Lake sells its gold for $400 oz higher compared to a year ago Kirkland Lake Gold (NYSE:KL) said today that consolidated Q2 2020 production was 329,770 ounces, a 54% increase from 214,593 ounces produced in Q2 2019. Kirkland seemed to escape any major falls in output due to the pandemic, which suspended operations in Q1 and Q2 at several miners. Kirkland said its production results were largely unchanged from 330,864 ounces produced in Q1. Detour Lake Mine produced 131,992…

RBC commits C$150 million to diversity efforts Royal Bank of Canada (RY.TO) is committing C$150 million ($111 million) to racial diversity initiatives and aims to increase the proportion of non-white executives to 30% from 20%, Canada’s biggest lender said on Monday. The bank pledged C$100 million over five years in small business loans to Black entrepreneurs and said it would invest C$50 million until 2025 to create opportunities for 25,000 Black, Indigenous and people of color. RBC is also committing…

Rapper Kanye West announces U.S. presidential bid on Twitter American rapper Kanye West, a vocal supporter of U.S. President Donald Trump, announced on Saturday that he would run for president in 2020 in an apparent challenge to Trump and his presumptive Democratic rival, former Vice President Joe Biden. “e must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States,” West wrote in a Twitter…

Gold and Silver prices today slashes in Hyderabad, Bangalore, Kerala, Visakhapatnam, Gold prices in India have fell in the Indian markets on Sunday following the international trends. Gold and silver prices today, 5 July 2020: Gold prices in India have fell in the Indian markets on Sunday following the international trends. On MCX, August gold futures were decreased by Rs. 100 to Rs. 49,750 per 10 gram while the Silver futures on MCX were flat at Rs. 48,500 per kg…

More desk-bound geologists could be a good thing   Taylor said health protocols in the field make it more cumbersome to carry out field work. Instead, juniors are spending more time with the data sets they already have on hand. "You know, one of the things I've seen year after year in the industry–and even I'm guilty of it sometimes–is that you have a data set that you've collected and you've been too busy. You're drilling and you're exploring, and…