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
Here are five Fastmarkets stories you might have missed on Friday November 6 that are worth another look.Brazilian flat-rolled steel producer Usiminas regained in October the levels of production and sales volumes it had enjoyed in March, after taking a heavy hit from the Covid-19 pandemic in the intervening seven months and...Read More
When markets get turbulent, the knee-jerk reaction from most less-experienced retail investors is to hit the sell button...by Dave Kranzler of Investment Research Dynamics with Chris Marcus of Arcadia EconomicsMany junior micro-cap exploration stocks have experienced sharp declines. Low relative liquidity in these names contributes meaningfully to the decline in share-price because for many of the...Read More
RAPAPORT... Richemont's jewelry sales outperformed the rest of the group in the three months ending September 30 as Chinese demand grew and consumers spent money online.Sales at jewelry maisons - Cartier, Van Cleef & Arpels, and Buccellati - increased 4% year on year for the company's second fiscal quarter, Richemont reported Friday. That compared with a 5% drop for the group as a whole."...Read More
RAPAPORT... Phillips will feature two diamond pieces by Chinese jewelry designer Feng J at an auction later this month, estimating they will fetch up to $5.8 million combined.The Jardin de Giverny, a diamond and gem-set necklace featuring a 19-carat, fancy-light-pink diamond center stone, carries a high presale valuation of $3.8 million. Designed to look like a garland of flowers, the necklace, wh...Read More
(IDEX Online) - The Damtshaa mine, in Botswana, will reportedly close for three years as COVID-19 disruption and the consequent weak demand renders it unviable.The Debswana-operated deposit produces around 500,000-carats annually of lower-value diamonds - just 2.5 per cent of the country's total output.Joseph Tsimako, president of the Botswana Mine Workers Union told the Reuters news agency o...Read More
(IDEX Online) - A rare 6.70-carat VS1 natural fancy deep yellow diamond from the famous Zimmi mine, in Sierra Leone, could fetch as much as $705,000 at auction.Canary yellow diamonds from Zimmi can command double the price of other fancy yellows because of their uniquely high color saturation levels. Yellow Zimmi stones over five carats are extremely rare. This gem (pictured) will lead the Ti...Read More
(IDEX Online) - Chow Tai Fook says it is about to revolutionize diamond grading with its own AI-powered system that assigns numeric values to the 4Cs.The Chinese jewelry giant says customers will understand the new results more easily, and benefit from greater reliability of its automated system.The artificial intelligence engine has analyzed over 20 million pieces of multi-perspective diamond ima...Read More
With the third-quarter earnings in full swing, some of the top TSX-listed companies have reported their quarterly numbers. While Q3 numbers mostly reflect sequential improvement for most companies, a few performed better than the rest. Today I have shortlisted three companies that have impressed with their Q3 performance with strong fundamentals that could help these companies to deliver stel...Read More
The most precious metal you can find on earth is gold. When the market is declining or teetering on a crash, investors seek a safe asset class that outperforms. The yellow metal can mitigate losses in a volatile investment landscape and is an ideal complement to other assets if you want to diversify.Stock markets are still fraught with uncertainties in Q4 2020 because the pandemic won’t go a...Read More
Our Foolish writers enthusiastically came up with 16 top TSX stock ideas to buy in November 2020.A top income stockInvestors with an investment horizon of at least three years can consider Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) as a top income stock idea from the list. There are good reasons why two Foolish writers chose the bank as their top stocks to buy this month.Many Canadians have experienc...Read More
Some of the TSX stocks recently went far ahead amid the rally driven by U.S. elections. While Joe Biden’s win is undoubtedly positive for some portions of the market, others might revert to lower levels after the election rally subsides.Aurora CannabisJoe Biden entering the White House is indeed a positive move for the cannabis sector, at least for now, because of his agenda to legalize it....Read More
Here are five Fastmarkets stories you might have missed on Monday November 9 that are worth another look.The European Commission (EC) has ended an anti-subsidy investigation into hot-rolled stainless steel sheet and coil originating from China and Indonesia, the EC said on November 9.TradeCloud chief operating officer...Read More
The three-month nickel price on the London Metal Exchange remained the standout performer at the close of trading on Monday November 9, while a steady incline in the US dollar index resulted in declines in LME copper and aluminium over the afternoon.The price of nickel rose by more than 2%, reacting positively to news of a prospective vaccine against Covid-19 and the election of Joe Biden to the U...Read More
Bob Moriarty ArchivesNov 9, 2020We just picked up an advertiser that just did a deal with Kirkland Lake that is simplythe greatest option a junior has done in many years.Melkior Resources (MKR-V) granted an option to Kirkland Lake Gold worth $110 million where KL may earn 75% of Melkior’s Carscallen project located in Timmins, Ontario.Terms include KL spending $10 million in exploration over...Read More
TradeCloud chief operating officer Matthew Botell says technology solutions are there to help commodity traders amid thinning margins and sliding credit availability, if market participants are just willing to give them a try.Botell - former Coo of Trafigura's metals and bulks division - set up the fintech company as a platform for securing commodity business in 2016 with Simon Collins who held th...Read More
Higher bullion prices have triggered a surge in interest in the yellow metal, with shares in Russia's LSE-listed superstars Polyus and Polymetal soaring as a result.Read More
Alumina exports from Brazil in October were significantly down by 32.9% year on year after both Alunorte and Alumar shipped less material, data from the ministry of economy published on Friday November 6 shows.Exports totaled 500,888 tonnes in October, down from 746,998 tonnes a year before, the ministry's data showed.The most pronounced fall came from Alunorte, the refinery owned by Norwegian com...Read More
The warning for the metals and bulks sector comes after last week's announcement from the World Meteorological Organization of a La Nina weather event in the Pacific Ocean, predicted to bring coolerRead More
The latest data for the global manganese ore market for the week ended November 9, 2020.Read More
A summary of Vedanta Limited's report for the three months ended September 30 - the second quarter of its financial year.In briefEarnings before interest, taxes, depreciation and amortization (Ebitda) for the quarter amounted to 65.31 billion rupees ($881.96 million), up by 45% year on year and 63% higher quarter on quarter Revenues totaled 208 billion rupees - a 33% increase from its first quarte...Read More