9 hours ago
AIM-listed gold and silver producer in Turkey, Ariana Resources (AAU), offered up its excuses for the late publication of its FY20 accounts (now expected in July) due to Covid restrictions. We’ve all got excuses……but the announcement suggests that the long-awaited special dividend is likely to arrive in August. I can’t wait!
1 day ago
AIM-listed Gold and Silver producer in Turkey, Ariana Resources (AAU) has announced another strong set of drilling results, this time from its supposedly lower grade Derya pit.
2 days ago
Having agreed to spend Australian$0.5 million on exploration at the Central Menzies gold project within a 9-month option period, Empire Metals (EEE) has announced the commencement of exploration activities covering the four exploration licences – a potential catalyst for a share price re-rate from a current £8.8 million market capitalisation.
6 days ago
Crash! Having had a fair old go at clearing $1900 Gold went into reverse this week to close at $1764 – down a whopping $114 from last week. Apparently Jerome Powell, head of the US Federal Reserve, has suddenly become a hawk……having told us he would ignore inflation data for the rest of this year, that unemployment is his biggest concern and that he wasn’t even thinking about thinking about tapering QE (which, we are told, would come before raising rates), now we are told to expect maybe two rate hikes in 2023. And that was enough to send precious metals into a tail-spin.
8 days ago
Bankster and author Diego Parrilla defines a bubble and how misconceptions can distort reality at extreme values, either high or low. Every bubble has an anti-bubble.
10 days ago
Nick Giambruno is Chief Analyst of The Casey Report and warns that the thief in the night is now out of control. Nick differentiates money from fiat currency and where investors should hold their wealth in times of crisis. He argues that Bitcoin is a good alternative and is not unlike gold. Digital scarcity is a new invention, and the real revolution is in bitcoin, not other digital currencies. Bitcoin is unique because it isn’t controlled by banks or corporations and works as a form of digital gold. He believes bitcoin is in the process of monetization around the world.
11 days ago
Last week Gold had broken its upward trajectory, closing at $1892. This week it tried again to get through $1900 but closed the week at $1878 and Silver again struggled with $28, closing the week just under that level. So was it a bad week? Well, no.
12 days ago
The only gold that really counts is real gold!
14 days ago
Writing on Kefi Gold & Copper (KEFI) earlier this week, we noted “pleased to announce” results but unacceptable boardroom greed. There is now a “Modification to Executive Bonus Plan” announcement which is a vicyory for Tom Winnifrith and great news for shareholders.
18 days ago
Money manager Ted Oakley says US job numbers may appear to be improving but it’s hard to measure real employment numbers accurately. The jobs and family act need to be passed so that society at large obtain some return on that money. America needs to stop paying people to stay home. So a fake economy has been created meaning valuations of all asset classes are way beyond stretched.
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