This week, the US National Security Advisor, John Bolton, announced that President Donald Trump signed a new executive order that forbids American companies and individuals from buying Venezuelan gold. During a discourse at the Liberty Tower in Miami, Bolton explained that the decision was made given that, in the view of the White House, the Nicolas Maduro regime has been looting the riches of his...Read More
Prices in the global billet market diverged in the week ended Friday November 2.On one hand, an ongoing increase in import scrap prices in Turkey was rendering support to local and foreign billet suppliers, in the Commonwealth of Independent States in particular. On the other hand, CIS suppliers faced increased freight costs that complicated trading.Besides that, the demand for billet in some mark...Read More
Earlier this week, the Google honoured Canadian geologist Joseph Burr Tyrrell by dedicating its Doodle to him.Tyrrell, who was born in Weston on Nov.1, 1858, is best known for having discovered the Albertosaurus sarcophagus in 1905 around the foothills between Calgary and Edmonton and the illustration represents just that. However, the Ontario man had a prolific career in mining, having discovered...Read More
Hedge fund managers sit at the top of the financial world's food chain. They're generally seen as the smartest money managers, and their companies have the most flexibility Continue...Read More
Researchers from The University of Western Australia, Universit?(C) Laval and McGill University applied a first-of-its-kind technique that measures the long-term life cycle of sulphur, which helps explain the preferential location of high-value mineral deposits at the edges of ancient continents.In a paper published in Nature Communications, the scientists explain how they charted the life cycle o...Read More
"A vicious accuser of Justice Kavanaugh has just admitted that she was lying, her story was totally made up, or FAKE! Can you imagine if he didn't become a Justice of the Supreme Court because"Continue...Read More
Technical analyst Clive Maund tracks movements in the platinum, gold and silver markets. It was a very good day for the metals Friday, as they rose sharply in response to the dollar going into reverse after a sizable run-up. A very significant development was that platinum broke out of its Head-and-Shoulders bottom on strong volume, a move which we had expected that marks the start of a bull mark...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More
Prices in the global billet market diverged in the week ended Friday November 2.On one hand, an ongoing increase in import scrap prices in Turkey was rendering support to local and foreign billet suppliers, in the Commonwealth of Independent States in particular. On the other hand, CIS suppliers faced increased freight costs that complicated trading.Besides that, the demand for billet in some mark...Read More
Investing.com - Oil traders are likely to stay focused on global supplies in the week ahead, after prices suffered their fourth consecutive weekly loss, pressured by U.S. plans to issue waivers on Iranian crude sanctions.The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, to keep buying Iranian oil after it reimposes sanctions on T...Read More
JERUSALEM, Nov 4 (Reuters) - Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Sunday, hoping to rebound from a disappointing bidding round a year ago.Israel discovered in 2009 that it had large reserves of natural gas off its Mediterranean coast.It will publish details of the tender by the end of the month and, about half a year later, choose the...Read More
Investing.com - This week precious metals traders will be focused on the U.S. mid-term elections and the Federal Reserve’s November meeting as markets continue to digest Friday’s strong U.S. jobs report.Voters on Tuesday will decide key races in Congress and state governments and the results could influence the Trump administrations ability to pass additional tax and trade reforms.The...Read More
TOKYO, Nov 5 (Reuters) - Japan's benchmark Nikkei average .N225opened down 1.08 percent at 22,002.47 on Monday, while the broader Topix .TOPX shed 0.84 percent to 1,644.88.Read More
RAPAPORT... US consumers will spend $124.1 billion online this holidayseason, with Cyber Monday set to be the biggest day of the year for e-commerce,according to Adobe Analytics Data. E-commerce sales between November 1 and December 31 willrise 15% over the same period a year ago, while shopping in brick-and-mortarstores will increase 2.7%, Adobe predicted. Cyber Monday (November 26) will be...Read More
It's 1:15 p.m. on a sunny Friday afternoon in Vancouver and I arrive a little early for a downtown meeting with Westhaven Ventures (WHN-V) chairman Gren Thomas. A short elevator ride at Granville and West Hastings takes me to Westhaven's modest offices on the 10th floor, where I let myself in and drop by CFO Shaun Pollard's office.Inside, Pollard and veteran geologist Ed Balon - Westhaven's techni...Read More
RAPAPORT... The Diamond Empowerment Fund (DEF) has launched a proposalcontest aimed at the millennials, promising a free trip toBotswana for the winning couple. The competition - named "Real Stories. Real Diamonds. RealImpact". - aims to educate the public about positive aspects of diamonds, theDEF said last week. Entrants must submit a 60-second video about their proposal storyand what their dia...Read More
RAPAPORT... Firestone Diamonds has recovered a 326-carat, near-gem-qualityrough - the largest diamond the miner has found to date. The company unearthed the stone at its Liqhobong mine inLesotho in October, it reported last week. "[The 326-caratdiamond] provides further evidence of Liqhobong's large-stone potential, and,importantly, the ability of the treatment plant to recover larger stonesintac...Read More
RAPAPORT... US polished-diamond imports rose 16%in August, continuing an upward trend for the year. The August growth reflectedhigher volumes (up 22% to 894,066 carats), with the average price slipping 5%to $2,016 per carat. A higher average price for the first eight months drove a 6% increase in imports for that period.US Diamond Trade Data for August 2018 Millions unless stated otherwiseRead More
RAPAPORT... Birks Group is launching its first Canadian store dedicated toGraff Diamonds jewelry. Birks will open the boutique this month on WestGeorgia Street in downtown Vancouver, solely offering Graff's high-end jewelryand watches, the Canadian retailer said last week. Birks describes itself as Graff's exclusive retailer in Canada,and currently houses the London-based brand's jewelry at...Read More