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 apocalyptic fires that hit California last month have left observers scratching their heads and wondering how destruction on that scale could be possible - and how much it will cost in the future if the causes aren't addressed immediately. This morning's Wall Street Journal concludes that 1) the problems aren't being addressed and 2) this failure is going to cost a fortune that no government...Read More
By Steve St. AngeloOver the past week, the gold and silver prices have held up rather well compared to the overall markets. While precious metals investors still fear that a huge sell-off in the gold and silver prices will take place during the next market crash, it seems that the metals continue to be very resilient during large market corrections.Now, I am not saying that the metals prices c...Read More
November saw a continuation of significant trading in gold swaps by the Bank for International Settlements. After falling in August and September, the BIS' purchases of gold via gold swaps soared in October, falling back by around 64 tonnes in November. The BIS publishes a monthly statement of account that provides enough information to estimate the bank's level of trading in gold swaps and othe...Read More
By Gary SavageListen to what gold is saying. It's not deflation that we have to worry about. We're about to enter a multi year period of rising inflation. Seriously did you think years of QE weren't going to have consequences at some point?For a long time I've maintained several key macro views.Gold started a new bull market in late 2015.The dollar started a secular bear market in early 2017.Sto...Read More
Gold futures notched a gain on Thursday, with the precious metal finding some haven demand alongside a weaker dollar index and sharp tumble in stock trading. "If gold was ever going to stage a meaningful rally it will be now: stocks and yields are falling and dollar is isn't doing too great either, apart from against commodity currencies, owing to the ongoing risk-off trade," said Fawad Razaqzada,...Read More
China's monthly copper imports dropped for the first time this year - joined by declines in iron ore and soybeans - as economic growth slows in the world's biggest consumer of commodities amid a simmering trade row with the U.S.Oft-cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally. Goldman Sachs Group Inc....Read More
In a series of talks that took place within the COP24 summit in Katowice, Poland, defenders of the circular economy highlighted the importance of including mining of rare earth metals into their discussions.Based on a research document focused on the Netherlands and prepared by consulting and venture building firm Metabolic, the experts agreed that resources are the missing link in the climate deb...Read More
RAPAPORT... Petra Diamonds has offloaded its Helam mine in South Africa fora total price of ZAR 200 ($14). Petra put the asset on care and maintenance in 2015 after failingto find a suitable buyer, and hasn't carried out any mining there since. It hasnow sold it to Lindleys Mining to support a South African government program toprolong the lives of deposits facing closure, Petra said last week. T...Read More
RAPAPORT... Global Witness is calling for improved transparency in Zimbabwe's diamond sector, pitching it as a test case for the new president's economic reforms."The new government's handling of the Marange diamond industry will be a clear indication of whether its commitments to economic reform and anti-corruption go beyond lip service," Sophia Pickles, campaign leader for the organization,...Read More
RAPAPORT... Canada's Northwest Territories (NWT) has abolished its banon diamond manufacturers sending rough to other locations for processing,potentially enabling significant cost savings for the industry. Rules in place since 1999 have required the region's cutting-and-polishingfirms to keep all their goods inside the NWT for manufacturing. That has restrictedgrowth, as diamonds cost about...Read More
RAPAPORT... Blue Nile has appointed former Starbucks executive AlexandraWheeler as chief marketing officer. Wheeler will lead the company's brand-marketing andcustomer-experience teams. She will focus on creating an "integrated andmeaningful brand experience" for Blue Nile's digital customers, Blue Nile CEOJason Goldberger said last week. Wheeler was vice president of global digitalmarketing...Read More
RAPAPORT... Sotheby's has divided the responsibilities of its chief operating officer, hiring two new executives to replace the departing Adam Chinn.The auction house has appointed John Cahill (pictured, above), a founding partner of art-law firm Cahill Cossu Noh & Robinson, and former general counsel at Phillips, as executive vice president and chief commercial officer. He will be respon...Read More
(IDEX Online) - The global diamond industry emerged stronger in 2017 with 2 percent growth across all segments of the value chain, following a period of high volatility, according to the Bain & Company report on the industry's performance in 2017 and the first half of this year. In line with positive luxury market trends, global diamond jewelry sales grew last year, fueled by stro...Read More
(IDEX Online) - Lucapa Diamond Company said that commercial diamond recoveries have commenced at the new treatment plant at the Mothae diamond mine in Lesotho. Managing Director Stephen Wetherall said the commencement of commercial recoveries through the new 1.1Mtpa Mothae plant represented another key milestone in Lucapa's strategic development plan. "Lucapa is on track to become on...Read More
One of the major drags on the market, besides trade wars, has been uncertainty about whether the Fed will raise rates this month. Despite the verbal bravado of Federal Reserve Chairman, Jerome Powell, over how strong the U.S. economy is, he doesn't live in a vacuum.Powell's borne the brunt of President Trump's recent accusations that the Fed's hikes are what's hurting the stock market and threaten...Read More
Colombian Forjando Futuros foundation issued a report accusing 33 companies and 150 individuals, both foreign and Colombian, of forcing people living in rural communities out of their land.According to the document, the forced displacement was ordered by the firms and individuals but executed by either the National Army or the guerrilla group known as the Revolutionary Armed Forces of Colombia.The...Read More
Canada is already freezing, and if you don't have a good winter jacket to battle the cold, this is the perfect gift for you from Sport Chek.Read full newsRead More
"Do #miningexecutives lack confidence to address 'soft' risks? Register for our free #GlobalLeadershipReport webinar and join the discussion: https://t.co/8t5UVEMo3i #leadership #mining @SwannGlobal"Read full newsRead More
Joe Fortes is giving away an epic four-course seafood dinner for two plus wine pairings in Daily Hive's 12 Days of Giveaways!Read full newsRead More
Minichiello is in the business of making memories, and that's exactly what you'll get with this diamond ring in the 12 Days of Giveaways!Read full newsRead More