Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The precious metals still dopirouettes on the trading floor, but they can stumble in their choreography.The bears are just waiting for it.With the GDX ETF soaring on significantvolume on Jan. 19, the senior miners had a renewed pep in their step. Withgold, silver, and mining stocks all dancing to the same beat, the preciousmetals garnered all of the bullish attention. However, with the trio known...Read More
Crude oil prices closed yesterday neartheir 7-year highs. What do you think are the main price drivers prevailing forthis surge on crude oil prices?GeopoliticalSituation Crude oil prices closed yesterday neartheir 7-year highs, as an attack on an oil site in Abu Dhabi further strainedan already tense market. The concern about the deterioration of the situationbetween Ukraine and Russia, which has...Read More
While the USD show is gainingapplause, silver has decided to present its repertoire too. Was its rally justa magic trick or a good omen for gold?Bondyields soared once again, just as I’ve beenexpecting them to for many months now. The reaction in some markets was asexpected (the USD Index soared), but in some, it was perplexing. Gold movedlower a little, miners declined a bit more, and silve...Read More
PREDICTIONS FOR GOLDThere seems to be an almost fanatical obsession with ‘fortune telling’ when it comes to the financial markets. Gold is no exception.It is worth taking a look back at some earlier predictions to help put things in perspective… EXAMPLE NO. 1 Gold Forecast $6000, And Gold Mining Analysis Through Visualization January 23, 2012Quote: “If the...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipWest Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.The high-grade component of 156 million tonnes at 0.79% copper equivalent is within overall indicated resources of 725Mt at 0.47% copper equivalen...Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining After years of setbacks, largely thanks to a protracted approvals process, it has secured a non-binding i...Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Tharisa has exercised a farm-in option to invest US$27.0 million to increase its stake in Karo Holdings f...Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Idaho-based Bunker Hill Mining is aiming to re-open the mine in the second-half of 2023.Read More
"There needs to be a change in the model of mining development and we want to play an important role to coordinate this to position mining in Chile as an example of being able to face localRead More
Diamond market sluggish due to US economic caution and China Covid-19 restrictions. Polished price decline fueling uncertainty. Buyers waiting for further decreases. Suppliers willing to negotiate to raise liquidity and reduce inventory of less desirable goods. Rough market restrained amid decline in prices on secondary market. De Beers maintains stable prices at March sight. Split in Responsible...Read More
RAPAPORT... Ukraine President Volodymyr Zelensky criticized the Antwerp diamond industry in an address to the Belgian parliament Thursday, accusing it of prioritizing profit over peace, according to media reports."There are people for whom Russian diamonds sometimes sold in Antwerp are more important [than Ukraine's war effort]," Zelensky said in remarks that the Associated Press cited. "Peop...Read More
RAPAPORT... Chopard has become the latest retailer to boycott diamonds originating from sanctioned Russian companies, citing its policy on responsible sourcing."As part of its 'Journey to Sustainable Luxury,' Chopard continually reviews its supply chains to ensure the procurement of responsibly sourced stones," the jeweler said Thursday in a statement to Rapaport News. "Towards this end, and...Read More
RAPAPORT... The Jewelers Board of Trade (JBT) has named Richline Group's Richard Katz as chairman of its board. Katz, who is senior vice president at Richline, has volunteered on the JBT board since 2008 and was most recently its vice chairman, the organization said Wednesday. He succeeds Ann Arnold, chief strategic officer at Buyers International Group."Richard brings great perspective...Read More
(IDEX Online) - Tiffany & Co has filed a forceful court denial over claims by rival Cartier that it had tried to steal its trade secrets."This case presents a truly bizarre circumstance," it says in a preliminary statement to the New York State Supreme Court."Cartier's principal 'evidence' is the affidavit of an ex-employee who confesses she has lied to everyone, including both...Read More
RAPAPORT... Trans Atlantic Gem Sales (TAGS) has appointed Paul Duncombe as chief operating officer for Dubai, in a bid to garner more business.Dumcombe was most recently head of operations for Grib Diamonds in Belgium, TAGS said last week. He has also worked in executive roles for De Beers, Rio Tinto and BHP Billiton. TAGS is relying on his broad knowledge and understand of the mining industry, as...Read More
(IDEX Online) - Namibia's state-owned diamond company has named the 36 "special clients" that will buy the bulk of its output for the next three years.Dubai and Belgium both have nine clients, India eight, Israel five, USA three, but only two from Namibia.Namib Desert Diamonds (Namdia) was founded in 2016 following an agreement between the government of Namibia and De Beers to "test"' wh...Read More
(IDEX Online) - Lucapa has increased its forecast of diamond resources at Lulo, Angola, after further explorations.The Australian miner has revised the number of carats up by 11 per cent, from 135,900cts to 151,040cts. That takes into account the 24,595ct mined during 2021.It is also predicting a steep rise in the price per carat, up from $1,440 (31 December 2020) to $1,930 (31 December 2021), exc...Read More
(IDEX Online) - Iris Van der Veken has quit as executive director of the Responsible Jewellery Council (RJC) over its failure to take a tougher stance against Alrosa.The Russian miner voluntarily relinquished its vice-chairmanship of the London-based group following the invasion of Ukraine, but remains a member.Van der Veken (pictured), who has headed the RJC since 2019, is reportedly unhappy that...Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Barton Gold, which listed in June 2021 after raising A$15 million, was one of the presenting compa...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Thursday March 31, with a slowdown in Chinese manufacturing likely to weigh on overall sentiment.• China’s purchasing managers indices (PMI) for manufacturing and non-manufacturing dropped into contraction mode in March.• This raises the prospects of stagflation, but the silver...Read More