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
(IDEX Online) - The week-long Kimberley Process plenary in Zimbabwe ended in conflict and chaos yesterday (Saturday 11 November), primarily over Russia's use of diamond revenue to fund its war in Ukraine. KP Civil Society Coalition (KPCSC) the observer group of mostly African diamond-producing countries, walked out of talks that dragged on until 2am, saying it had lost confidence in the discu...Read More
(IDEX Online) - A white glove sale of Viennese imperial and royal jewelry that was rediscovered earlier this year in a German bank safe sold for a total of $10.7m at Sotheby's Geneva.All 207 lots were sold, achieving more than three times the overall pre-sale low estimate.Sotheby's described the collection as extraordinary, "spanning two centuries of European history charting the fates,...Read More
(IDEX Online) - Details of the G7 nations' long-awaited sanctions on Russian diamonds and how they will be implemented could be decided as soon as Monday (13 November) according to Josep Borrell, the EU's chief diplomat.He told the Financial Times: "In order for [EU] member states to be unanimous for the ban on diamond trade, some were requesting that the G7 were giving, let's say,...Read More
(IDEX Online) - Lucapa says it has recovered a 235-carat diamond at Lulo, Angola, just a week after announcing a 208-carat stone from the same mine.Both diamonds are Type IIa and are the 39th and 40th +100-ct recoveries since the alluvial mine began commercial operation in January 2015.Several weeks ago Lucapa recovered another +100-ct gem from Lulo, this time weighing 123 carats."Lulo continues t...Read More
(Updates prices, adds weaker dollar) By Eric Onstad LONDON, Nov 13 (Reuters) - Copper prices rebounded onMonday as traders cancelled short positions in frustration, butgains were capped by uncertainty about economic growth and highinterest rates. Three-month copper on the London Metal Exchange hadgained 1.6% to $8,166 per metric ton by 1700 GMT, having shed1.4% and hit a two-week low on Friday.U....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EST. Boeing advanced $7.36 to $204.01 after announcing sale of ninety 777 aircraft to Emirates for $52 billion.Regions Financial added $0.10 to $15.22 after Odeon Capital upgraded the stock from Hold to Buy.HP Inc gained $0.45 to $28.07 after Citigroup upgraded the stock from Neutral to Buy.Tyson F...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EST.Trade Desk plunged $22.57 to $54.24 after the company lowered fiscal fourth quarter expectations.Lions Gate Entertainment added $0.13 to $9.20 after reporting higher than consensus fiscal second quarter revenues and profits. Groupon plunged $4.54 to $9.00 after reporting a third quarter loss. I...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:30 AM EST.Walt Disney advanced $1.25 to $85.75 after reporting higher than consensus fiscal fourth quarter earnings.Take Two jumped $7.52 to $150.99 after reporting higher than consensus quarterly revenues. Lyft dropped $0.53 to $10.19 after acknowledging a decline in active rider growth.Twilio gained $4....Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 2 points at 8:30 AM EDT.Traders are cautious ahead of US Federal Reserve Chair Jerome Powell's speech later today.Gilead added $1.29 to $82.00 after reporting higher than consensus third quarter earnings. The company also offer positive guidance for the fourth quarter. Rivian advanced $0.48 to $17.90 after reporting hig...Read More
Back in 2017 when I composed this graphic of overlapping crises, the word polycrisis was not yet in common use. Polycrisis has various definitions, for example: “the simultaneous occurrence of several catastrophic events.” But this doesn’t explain the truly dangerous dynamic in polycrisis, which is the nonlinear, mutually reinforcing potential of disparate crises to generate...Read More
The Cato Institute is a libertarian "free market" outfit.It houses itself in Washington, D.C. somewhat ironically.And according to Cato... the novel mRNA vaccines represent the peak and pinnacle of market capitalism:It was the flow of people, ideas, capital, goods and services that made it possible to discover and produce a vaccine in record time...Global capital markets... played a role by prov...Read More
My friend and erstwhile colleague Greg Guenthner wrote a peach of a piece for Tuesday's Morning Reckoning.In it, The Gunner wrote:Despite the three months of choppy descent we experienced after the averages topped out in late July, last month's drop shouldn't have set off any alarm bells.Not only are pullbacks and downside moves perfectly normal events, there are also seasonal trends the market ha...Read More
Imagine a fellow...This is a wastrel sunk impossibly in debt credit card debt.Spiraling interest payments begin to swamp him.He must take on an additional credit card in order to satisfy interest payments on the original.Yet he must soon take on another credit card... to service the interest on the card he previously took on... which he took on to service the interest on the first.That is, he mu...Read More
This company is planning to submit its application early next year for the "substantially started" designation for its flagship project in the Golden Triangle. One newsletter write says this mine could become an "anchor project" for copper and gold worldwide.After two years of building camps, roads, and bridges, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) said it is planning to submit its applicati...Read More
The jig is up for EVs as buyers go to the sidelines because of technology shortfalls. The market outlook on inflation and interest rates is improving, but Ron Struthers of Struthers Resource Stock Report expects this will be short-lived but help a year-end rally. He also shares significant news with Argonaut Gold and Greenbriar on Tuesday.I came up with a name for my market overview. First off, le...Read More
This payment follows the Mexican silver mining operation transitioning to sole use of its own new processing plant and reaching nameplate production capacity, noted a BMO Capital Markets report.MAG Silver Corp. (MAG:TSX; MAG:NYSE American) received its first monies from the Juanicipio silver mining project joint venture, US$11.3 million (US$11.3M) in loan principal repayment and interest, reported...Read More
Blackwolf Copper and Gold Ltd. has been covered as positively by analysts following several successes in the Golden Triangle. Read on to hear what they have to say about this company's stock.Blackwolf Copper and Gold Ltd. (BWCG:TSX.V) has received attention recently related to the incredibly high grades found on the Swann Zone of its Harry property, located in British Columbia's Golden Triangle. A...Read More
This led the Canadian silver miner to significantly miss expected earnings per share in the quarter, noted a PI Financial report.MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) just reported Q3/23 financial results were mixed when compared to PI Financial's estimates, reported analyst Chris Thompson in a November 10 research note.Compelling Return PotentialAs such, PI reiterated its CA$17.50 per s...Read More
As the concern with geopoliticspeaked, so did gold price. Silver and mining follow. Are you prepared for thelikely outcome?Gold Peaks and SlidesIn my yesterday’sanalysis, I wrote the following about gold: Goldmade a few attempts to move above the all-important $2,000 level and the risingresistance lines, and it failed all of them. The strong short-term momentum isgone, just as the fear of th...Read More
This session will provide you with an understanding of the key deliverables of Wood Mackenzie's Copper Mine Cost Service, how to access and use them to:Analyse copper mines cost and look at the global cost curveBenchmark the mines using various production related metricsRegister nowPlease click on the relevant link below to register for the session of your interest.Friday, 1 December 2023 - 1pm Si...Read More