Friday's holiday-shortened session provided ample time for bulls to get their butts kicked. It's unusual to see stocks get whacked the day after Thanksgiving, but perhaps such occurrences will become the norm as this bear market unfolds. If it proves to be as extraordinary as the bull market that preceded it, we shouldn't be surprised to see bad days that are uglier than even old-timers can reme...Read More
One of the strangest things about this strangest-ever expansion has been the way pretty much everything went up. Stocks, bonds, real estate, art, oil - some of which have historically negative correlations with others all rose more-or-less in lock-step. And within asset classes, the big names behaved the same way, rising regardless of their relative valuation.This seemingly indiscriminate buyi...Read More
A study by the University of Alberta revealed that cobalt deposits in the Democratic Republic of Congo are 150 million years younger than previously thought.Using a new rhenium-osmium dating system to examine the 'blue gold' deposits in the African country, researchers Nicolas Saintilan and Robert Creaser demonstrated that cobalt and copper mineralization occurred during a period of mountain buil...Read More
Investing.com - Bitcoin was trading at $3,679.2 by 15:42 (10:12 GMT) on the Investing.com Index on Sunday, down 20.34% on the day. It was the largest one-day percentage loss since Wednesday, January 14, 2015.The move downwards pushed Bitcoin's market cap down to $63.9B, or 54.51% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.Bitcoin had traded in a r...Read More
Investing.com - This week precious metals traders will be focusing their attention on Thursday’s minutes of the Federal Reserve’s latest meeting, the dollars response to the Fed policy outlook and Friday’s looming U.S.-China trade talks.U.S. President Donald Trump is due to hold talks with his Chinese counterpart Xi Jinping on the sidelines of the upcoming G20 summit in Buenos Ai...Read More
Investing.com - This week investors will be focusing their attention on Friday’s planned meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the upcoming G20 summit.Market watchers are hoping that talks between the pair could lead to a ceasefire in the trade war between Washington and Beijing.Investors will also be awaiting the release of the minutes from th...Read More
RAPAPORT... Birks Group's sales grew in the six months to September 29as the retailer opened its renovated flagship store in Montreal, Canada.Sales rose 6% to CAD 68.7 million ($51.9 million) in thefiscal first half at the jeweler's continuing operations, which exclude theMayors division it sold to Aurum Holdings in August 2017. Comparable-storesales - which further eliminate branch openings such...Read More
RAPAPORT... Belgium's polished trade grew strongly inOctober, according to data from the Antwerp World Diamond Centre. Exports rose 17% amid a higher average price and steady volumes,reflecting trading in higher-value diamonds. Export value was up for the first 10 months of the year, also boosted by an increase in the average price. Millions unless stated otherwiseRead More
RAPAPORT... IBM has forecast strong growth in jewelry sales over theholiday retail season amid robust consumer sentiment. Purchases in the category will rise an estimated 5.2% yearon year during the festive period, IBM vice president and chief scientistMichael Haydock said Thursday. Jewelry is in fourth place in the company's list of the topsix categories, behind consumer appliances and vari...Read More
(IDEX Online) - Botswana has put together a negotiating team for talks with De Beers about the sides' next sales agreement which is set to replace the current agreement which runs out in 2020. Botswana wants to significantly increase its share of independently marketed and sold rough to 30% from the current 15% that was agreed in 2011, according to an industry source. Botswana a...Read More
"How could #disruption change the extraction, exploration, and #mininginvestment landscape? Find out in the #MiningDisrupted series: https://t.co/UwTZQtEkOM https://t.co/yuF2rjO5nT"Read full newsRead More
"You really won't find [the floor] until you kind of hit the 3K-flat level."Read full newsRead More
"Stay tuned to @ArcticStarExpl - they are finding highly mineralized kimberlites, mostly octahedral and white! https://t.co/zjgIWY6yBz#ArcticStar $ADD $ADD.CA $ADD.V #Finland #Diamond #Mining #smallcap #momentumstocksUnderstanding diamond clarity: https://t.co/NV5KdhHdvj"Read full newsRead More
"Check whos ready for the #Drink #Market!! CROP Corp is developing Cannadrink with Naturally Splendid! https://t.co/TbPtpgqTeV$NSP #Marijuana #Cannabis #edibles #weed #smallcap #potstocks $CROP #cola"Read full newsRead More
"Weekly Big News Round-Up. What happened in the Resource sector in the past week? Find out here: https://t.co/0pfowSstxC #resource #mining #investing"Read full newsRead More
"Precious Metals Weekly Round-Up: Gold Falls as US Dollar Climbs and this Trading Week's Top Precious Metals Stories https://t.co/wad5QhMsiP #preciousmetals #gold #silver #platinum #palladium"Read full newsRead More
Medgold Resources (TSXV: MED; US-OTC: MGLDF) is wrapping up a nearly 5,000-metre exploration program at its Tlamino gold-silver-lead-zinc project in southern Serbia that partner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is funding.Fortuna extended the 2,400-metre program based on early results, including 13.4 metres from 42 metres downhole grading 5.06 grams gold, 109 grams silver, 1.44% lead and...Read More
Shallow infill and step-out drilling - 250 metres south of the main deposit at Liberty Gold's (TSX: LGD) flagship Goldstrike project in Utah - suggests that oxide gold-bearing feeder structures follow multiple orientations that cross-cut the main deposit trend, the company says.Exploration results from the Peg Leg area at the past-producing mine also indicate that the zone has starter-pit potentia...Read More
A study by the University of Alberta revealed that cobalt deposits in the Democratic Republic of Congo are 150 million years younger than previously thought.Using a new rhenium-osmium dating system to examine the 'blue gold' deposits in the African country, researchers Nicolas Saintilan and Robert Creaser demonstrated that cobalt and copper mineralization occurred during a period of mountain buil...Read More
With more than 25 years' experience in the diamond industry - including 19 with De Beers - Stuart Brown was looking for a new opportunity. He found it as the president and CEO of Mountain Province Diamonds (TSX: MPVD; NASDAQ: MPVD)."I was quite excited by this," he said. "I think the mine has good potential, because it's just starting off. I thought I could add a lot of value with my prior relatio...Read More