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
RAPAPORT... Macy's reported strong sales of luxury products and raised its profit forecast as the US retail sector weathered the challenges facing the market.Revenue rose 14% year on year to $5.35 billion in the first fiscal quarter, which ended April 30, the department-store chain said Thursday. Comparable-store sales - at branches open for a least a year - rose 13% at Macy's-owned shops and...Read More
RAPAPORT... An Art Deco Cartier bracelet set with 101 carats of Colombian emeralds sold for nearly three times its presale estimate at the New York Jewels Sale at Bonhams, garnering $3.2 million.The piece, designed in 1926, came from the collection of American heiress H?(C)l??ne Irwin Crocker Fagan, daughter of sugar baron William Irwin, Bonhams said Wednesday. It was originally expected to fetch...Read More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgForty or so years ago, at the onset of the third Fraser ministry, the Australian government's natural resources portfolio was held by Doug Anthony, t...Read More
RAPAPORT... A jadeite necklace was the top seller at the most recent Christie's sale in Hong Kong, achieving nearly $9 million.The piece features 33 jadeite beads and a clasp set with an 11-carat Burmese ruby surrounded by oval-cut diamonds. It fetched $8.8 million, within its estimate, following spirited competition at Wednesday's Magnificent Jewels auction, the company said. In total, the sale b...Read More
(IDEX Online) - Two diamonds over 100-carats lead a Sotheby's New York auction next month - a 101.41-carat Type IIa pear-shaped D-color IF stone, which is expected to sell for over $10m.And a 111.59-carat pear-shaped fancy deep orange-brown diamond, on the market for the first time in nearly 40 years, with an estimate of $1.5m to $2.5m.Sotheby's says it is "pleased to present not one, bu...Read More
(IDEX Online) - A robber convicted of an $800,000 raid on a US jewelry store has been jailed for 10 years, and ordered to pay $500,000 in restitution.Kenneth Jones, 41, stole an estimated 700 pieces of vintage and designer jewelry, valued at $800,000, from Pretty in Patina, in Omaha, Nebraska, in February 2018.Fingerprints found on a garbage bag he left behind at the scene led detectives to his la...Read More
(IDEX Online) - Jewelry retailers in the US are insisting on declarations from manufacturers in India that they will not use rough stones from Russia."A number of units have received mails from the US buyers. They are worried over the matter," Dinesh Navadiya, regional chairman, Gem & Jewellery Export Promotion Council (GJEPC), Gujarat, told India's Economic Times.An estimated 250,000 dia...Read More
TAM, which is 3km north of the Alpala deposit, now hosts a measured and indicated resource of 528.5 million tonnes grading 0.36% copper equivalent for 1.27Mt of contained copper and 3.Read More
Peter Akerley, a founder of Erdene Resource Development Corp., first became aware of Mongolia's mineral riches in the mid-1990s as exploration manager for one of the largest western financed programmes in the country. As a geologist, with 35-years of experience, he describes himself as being "awed" by the country's geological potential ('Erdene' is the Mongolian word for treasure, or jewel).Akerle...Read More
Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mainly weaker on the morning of Thursday May 26 amid a lack of direction.• More central banks are tightening monetary policy; South Korea is the latest• Japan’s services producer price index climbed 1.7% in April, after a 1.3% rise in MarchBase metalsThree-month base metals prices on the LME - wit...Read More
"This is clearly a giant step backwards for the Biden Administration's climate change goals," said chief executive Ronald Thiessen.Read More
U.S. equity index futures at 7:30 AM EDT were higher. S&P 500 futures were up 30 points in pre-opening trade.Canada's March Retail Sales report is released at 8:30 AM EDT. Consensus is an increase of 1.4% versus a gain of 0.1% in February.NVIDIA dropped $12.75 to $157.00 after the company offered second quarter guidance below consensus.Snowflake plunged $17.77 to $115.00 after reporting lower...Read More
An invasive species a globally invasive species is loose.It is a fierce predator, an apex predator of vast appetites. Its limitless ambitions span planet Earth, pole to pole.This fi-fo-fum presently besieges a tiny burgh high in the Alps of Switzerland.Private jet aircraft lower him in... and haul him out.Rolex watches encircle his wrists, Armani clothing adorns his back. He rolls around in ex...Read More
It's a shame that the Biden administration would place ideology over the well-being of the American people, but that appears to be the case right now. Today I'll explain why.No one needs to be told about the impact of higher prices for food, gasoline and other essentials. The price hikes are everywhere; there's really no way to avoid them. This is not limited to luxury goods or resorts. The price...Read More
"A man with money meets a man with experience," begins an old Wall Street chestnut, concluding that:"The man with the experience leaves with the money, while the man with money leaves with experience."We hazard that many moneyed men - flush with stock market winnings and faith in the Federal Reserve's backstopping - have met experienced men recently.The experienced men are presently walking away w...Read More
Solaris Resources (TSX: SLS) has reported assay results from six holes aimed at upgrading and growing the resources at its Warintza copper porphyry project in southeastern Ecuador. Highlights from the drill results included 930 metres grading 0.62% copper, starting at 2 metres in drillhole SLS-61 and 926 metres grading 0.49% copper starting from surface in drillhole SLS 57. Hole 57 targeting the...Read More
Aurelius Minerals (TSXV: AUL; US-OTCQB: AURQF) has released an initial mineral resource estimate on its Aureus East gold project in Nova Scotia, sending its equity to a new 12-month low at 19 ? apiece.The Toronto-based explorer outlined 985,000 tonnes in the indicated category grading 5.14 grams per tonne gold for 162,700 oz. of contained metal. The company also released an inferred resource estim...Read More
SilverCrest Metals (TSX: SILV; NYSE-AM: SILV) said Thursday it has begun commissioning the processing plant at its Las Chispas gold-silver project in Sonora, Mexico, which is expected to reach commercial production in the fourth quarter.The Canadian precious metals exploration and development company said construction of the plant was completed ahead of the feasibility study schedule.It added it e...Read More
Galway Metals (TSXV: GWM) has completed its recently upsized bought deal private placement, raising gross proceeds of $10.5 million. The financing consisted of the sale of approximately 6.66 million flow-through shares priced at 60 ? each, and 15.3 million hard-dollar shares at 42.5 ? each.The offering was carried out by a syndicate of underwriters led by Paradigm Capital, and included Laurentian...Read More
Canada's B2Gold (TSX, NYSE: BTO) is buying Australian explorer Oklo Resources (ASX: OKU) in a deal valued at A$90 million (US$64 million) or 17.25 ? per share, representing a 127% premium on Oklo's closing price of 7.6 ? on Wednesday.As part of the transaction, B2Gold will give Oklo's investors 5.25 ? cash per share and will issue up to roughly 10.8 million shares for the target company's shareho...Read More