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
Gold miners are expected to remain committed to cutting costs and capping expenditures in 2019, a new report by Fitch Solutions reveals.According to the document, despite the fact that prices are predicted to average $1,300/oz and that most major miners' cash costs of production should remain comfortably below $900/tonne, the largest firms in the world are likely to remain committed to spending cu...Read More
Peruvian company Buenaventura (NYSE: BVN; Lima Stock Exchange: BUE.LM) has been dealing in the past week with a worker strike at its silver-zinc-lead Uchucchacua mine, located in the central Oy??n province.In a statement, management said the action was sparked by the company's decision to dismiss certain contracted employees, as they completed the work their companies were hired to do. But on Janu...Read More
A team of researchers just published a paper in Science Advances where they reveal that lapis lazuli residues found in the mouth of a woman buried at a 12th-century German monastery suggest that she created richly illustrated religious texts.Prior to this discovery, it was thought that mainly men were allowed to write such manuscripts, whose graphics were drawn using luxurious paints, including go...Read More
Canada's Torex Gold Resources (TSX:TXG) issued a media report stating that, in 2018, it produced 354,000 ounces of gold at its El Lim??n Guajes Complex, or ELG, located in southwest Mexico. From January to September, the company produced 246,309 ounces of gold in dor?(C), with 11,322 additional ounces gold in carbon fines. The company also reported selling 348,000 ounces of the yellow metal.Accord...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intelligen...Read More
A team of researchers just published a paper in Science Advances where they reveal that lapis lazuli residues found in the mouth of a woman buried at a 12th-century German monastery suggest that she created richly illustrated religious texts.Prior to this discovery, it was thought that mainly men were allowed to write such manuscripts, whose graphics were drawn using luxurious paints, including go...Read More
The year 2018 was a memorable year of greattransitions. They involved changes in the political arena. They saw enormouschanges in the debt picture, for both the USGovt and the major Western corporations.They saw a struggle to terminate the QE bond monetization, laced with hype-inflation.They offered staggering damage to California, whose effects are easily 100times greater than the World Trade Cen...Read More
Tonight I would like to show you a couple of long term charts for Silver that puts where silver is currently trading into perspective. We can look at the hourly charts or even the daily charts for the short term patterns, but if you really want know where a stock is relative to its history we need to look at the long term view. The more history a stock has the more relative the current price actio...Read More
The year 2018 was a memorable year of great transitions. They involved changes in the political arena. They saw enormous changes in the debt picture, for both the USGovt and the major Western corporations. They saw a struggle to terminate the QE bond monetization, laced with hype-inflation. They offered staggering damage to California, whose effects are easily 100 times greater than the World Tr...Read More
Buying activity in the major global steel billet markets was sluggish last week due to the post-holiday period. Customers and sellers were assessing the conditions in the market and prices softened further, because some of them placed lower bids and offers amid the lack of support for finished long steel.AsiaThe Southeast Asian billet market was largely stable in the week ended Friday January 11 o...Read More
Here are five Fastmarkets MB stories you might have missed on Friday January 11 that are worth another look.Manganese ore prices have started 2019 by continuing a slide that began last December, weighed down by weak downstream demand in China, where market participants are reluctant to buy amid price risk fears.The pig iron market in the United States was confused by a heavy drop in the...Read More
What signals indicate that we're set up for a cyclical reversal and ripe for a turning of the tide for silver? Here's an insider's take on that and more...Greg Crowe interviewed on Reluctant PreppersVolatility is returning to stocks after a record bull market run, while precious metals have been beaten down for almost a decade. What signals indicate we are set up for a cyclical reversal and ripe f...Read More
RAPAPORT... Fawaz Gruosi, the founder of De Grisogono, has stepped downfrom his position as board director and left the company, the Swiss-basedjeweler said. Gruosi had been gradually shifting away from day-to-dayoperations for some time, De Grisogono added. Fawaz's departure leaves newlyappointed CEO C?(C)line Assimon in charge, said Elmar Wiederin, chairman of the DeGrisogono board. The je...Read More
RAPAPORT... A Belgian regional authority will invest EUR 2 million ($2.3million) in a production facility for industrial synthetics. The financial input from the government of Flanders willhelp India-based Heyaru Engineering launch the lab-grown-diamond factory - itsfirst in Europe - in the city of Lommel. Heyaru will invest about EUR 24million ($27.5 million) in the project. The hub will boo...Read More
RAPAPORT... Sales of Forevermark jewelry rose 8% year on year in 2018, accordingto the brand's owner, De Beers. That growth is nearly double the 4.4% increase for thejewelry industry as a whole, Forevermark CEO Bruce Cleaver noted in a speech to stockistsin New York earlier this month. Forevermark also reported a successful marketing campaignfor its Tribute collection, which, it said, reache...Read More
A team of researchers just published a paper in Science Advances where they reveal that lapis lazuli residues found in the mouth of a woman buried at a 12th-century German monastery suggest that she created richly illustrated religious texts.Prior to this discovery, it was thought that mainly men were allowed to write such manuscripts, whose graphics were drawn using luxurious paints, including go...Read More
RAPAPORT... Lucara Diamond Corp. has recovered a 127-carat rough diamondfrom its Karowe mine in Botswana. The company found the "high-quality" white stone in the deposit'ssouth lobe, the same area where it unearthed the 1,109-carat Lesedi La Rona andthe 813-carat Constellation. "The recovery of this latest, high-value, top-white, 127-caratdiamond attests to the remarkable nature of the Karow...Read More
RAPAPORT... Richemont's jewelry sales increased 9% in the third fiscal quarter,as strong growth in Asia Pacific offset weakness in Europe and the Middle East. Jewelry proceeds from Cartier and Van Cleef & Arpelsrose to EUR 1.99 billion ($2.28 billion) in the three months ending December31, Richemont reported Friday. Sales at its watchmaker brands, including Piagetand Vacheron Constantin,...Read More
Iron ore prices fell sharply in the second half of November after climbing through October, with prices for higher-grade material pioneering the decline.Fastmarkets MB daily benchmark for 65% Fe fines dropped by 22% by Monday November 26 after peaking on October 29. The 62% Fe iron ore index declined by 16% over the period, as some Chinese steelmakers started to seek larger volumes of cheaper ores...Read More
(IDEX Online) - Lucara Diamond Corp. has recovered a 127-carat, top white gem diamond, from its 100% owned Karowe diamond mine located in Botswana. Since mining began at Karowe in 2012, a total of 129 diamonds in excess of 100 carats have been recovered, 33 in 2018 alone. That tally includes 12 diamonds larger than 300 carats in size, of which five were recovered in 2018. In addition, Luca...Read More