US Energy and Mining Gets a ‘Bump’ from President Trump

US Energy and Mining Gets a ‘Bump’ from President Trump

$USO $UNG $XAU $XAG $CU Thursday, President Trump on Thursday is signed an executive order that gives federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements. The order is billed as a way to “support and accelerate” the economic recovery from the impacts of the C-19 coronavirus chaos and […]

Gold & Silver: Not a Top, but a Mid-Cycle Correction

Gold & Silver: Not a Top, but a Mid-Cycle Correction

$XAU, $GLD, $XAG, $SLV, $USD Gold’s entered a gentle climb North after marking the 12 November lows. It was not until the Thursday before Christmas when prices verified a cyclical breakout. The initial breakout surge is slowing as the precious Yellow metal enters a mid-cycle correction. Key support is between 1520 – 1540. Once completed, […]

Growth in Gold Discoveries Driven by Older Mining Deposits

Growth in Gold Discoveries Driven by Older Mining Deposits

$GLD, $XAU, $GOLD A major annual analysis of major gold discoveries yielded 278 deposits containing 2.16-B oz of gold discovered over the Y’s 1990-2018 frame, an increase from the 1.94-B oz in 263 deposits in the Y 2018 analysis. The discovery list increased by 15 deposits and 215.1-M oz of gold is heartening, by far […]

Iran Desperate, Does Not Want War

Iran Desperate, Does Not Want War

Iran is “getting desperate” after the United States lifted sanctions waivers on 5 countries in early May, and the attacks on 2 Japanese-owned Crude Oil tankers is the “most provocative” to date, and Iranian leaders are lying when they say their nation was not involved, Representative Michael McCaul (R-TX) said Friday. “This is clearly an […]

Gem Diamonds Finds Another Huge Diamond at its Lesotho Mine

Gem Diamonds Finds Another Huge Diamond at its Lesotho Mine

Gem Diamonds Finds Another Huge Diamond at its Lesotho Mine $GMDMF Africa-focused Gem Diamonds (OTCMKT:GMDMF) unveiled a 115-carat stone Tuesday at its flagship Letšeng mine in Lesotho, the latest in a string of major discoveries at the operation this year. The finding of the high-quality, D-color Type IIa diamond follows the recovery of 5 other diamonds of over 100 […]

Saudi’s Biggest Gold Mine Opens in Mecca

Saudi’s Biggest Gold Mine Opens in Mecca

Saudi’s Biggest Gold Mine Opens in Mecca The Al-Duwaihi Gold mine is owned and operated by the Saudi Arabian Mining Company (Ma’aden) The biggest Gold mine in Saudi Arabia is set to be launched in Mecca, it was reported last Sunday. The Governor of Mecca, Prince Khalid Al-Faisal aunched the Al-Duwaihi Gold Mine and Factory […]