Gold’s nasty divorce from the U.S. dollar was finalized in August 1971 when President Richard Nixon suspended any further convertibility of U.S. dollars into gold by non-U.S. citizens. That action removed any remaining links between the dollar and gold.Without convertibility, any official price for gold became meaningless. At that time, the official U.S. dollar price of gold was raised from...Read More
Gold started this year with a quickrally, but it was mostly erased. It’s still above its mid-2022 high, but willit stay there for much longer?IsIt All Bearish? The above chart features goldprices in terms of weekly candlesticks. As you can see, it justapproached its August high, and it’s trying to break above those highs onceagain. The previous attempts failed, so the question is whet...Read More
Fed officials flexed their muscles during the last FOMC meeting. Silver tripped and fell in response, but that didn’t last long – why?The hawkish force was strong with this FOMC! The minutes from the last meeting of the Committee in December offered almost no dovish signals. In particular, the document doesn’t mention anything about the Fed’s pivot. Actually, we can read th...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadership4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsWhile the company said it was "hard to find words" to describe how impressive the latest headline drill hit in Quebec was, the numbers do most of th...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadership4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAnglo Asian, which is progressing plans to become a mid-tier copper producer, produced 57,618 gold equivalent oz in 2022, which compared to guidance...Read More
EVM Arabia will be setting up a new battery chemicals complex on a 1.27Msqm at Yanbu, Saudi Arabia, to develop lithium and nickel chemicals plant.Read More
Tiehm's buckwheat has become a totem issue in the federal permitting of new mines that could potentially supply critical minerals, including lithium.Read More
First Majestic guided AISC for its Mexican operations at US$16.69-17.83 silver equivalent oz (EqAg oz), compared to its previous guidance of $15.48 EqAg oz and analysts' estimates of around $15.Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingThe benchmark S&P/ASX 200 resources index added 13.1% over 2022 for a total return of 22.3%.Read More
(IDEX Online) - Israel Diamond Exchange is to host its first international events since the Covid pandemic.The inaugural Israel Diamond Conference will take place on March 27, bringing together mining ministers, major diamond producers, finance and banking leaders and other key industry figures. A tender of white and fancy color polished goods, Diagurus, the Israeli branch of the South Africa...Read More
(IDEX Online) - Kim Kardashian has bought the amethyst and diamond pendant famously worn by the late Princess Diana.The American socialite and media personality paid $197,453 for the Attallah Cross after fierce bidding at Sotheby's London yesterday. The estimate was $97,000 to $145,000.The The Fleuree cross, circa 1920, set with square-cut amethyst and accented by circular-cut diamonds belong...Read More
(IDEX Online) - The eight-year-old daughter of a wealthy Indian diamond merchant has relinquished her share of a $61m inheritance, to become a Jain nun.Devanshi Sanghvi took part this week in the 'diksha' ceremony, abandoning all material possessions, after a lavish four-day ceremony in which she rode in a carriage pulled by an elephant.She was heiress to the Sanghvi and Sons jewelry bus...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingThe Committee of Ministers ruled on 12 appeals presented by environmental organisations against the Environmental...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsAlien Metals accelerates toward productionSPONSOREDalien metalsMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingDecember quarter production of 66.9 million tonnes (attributable) took half-year output to a record 131.9Mt (attr...Read More
(Refiles to correct source in paragraph 6 to official companystatement, not spokeswoman) JAKARTA, Jan 19 (Reuters) -Germany's BASF and French miner Eramet are finalising a $2.6 billion partnership deal to invest in afacility in Indonesia to process nickel for use in batteries forelectric vehicles, Indonesian officials said. The Indonesian announcement comes as Southeast Asia'sbiggest economy has...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 29 points at 7:30 AM EST.Two economic reports are released this morning at 8:30 AM EST. December Housing Starts are expected to drop to 1.385 million units from 1.427 million units in November. January Philly Fed Index is expected to improve to -11.0 from -13.8 in December.Allstate dropped $3.43 to $129.00 after notin...Read More
As I was sitting in my chair steaming over the latest World Economic Forum tweet, one question popped into my head.Why do the Swiss put up with it?Let's face it: there's a cartoonish Bond villain sitting in his mountainous lair, just short of a mustache to twirl, plotting to remake the world in his own image.And if that's not bad enough, the man who taught Klaus Schwab about geopolitics during his...Read More
Inomin Mines Inc. (TSXV: MINE), (Read full newsRead More
The PNC Financial Services Group's recent string of acquisitions has given it much-needed scale. But read what leads me to recommend a Hold on PNC stock.Read full newsRead More
The Buckle has shown an encouraging upward trend in the top and bottom line performance. Read why investors may want to take a bullish stance on BKE stock.Read full newsRead More