Gold ended 2020 at $1,891, partially thanks to monetary policy easing. In 2021, the Fed may not trigger a comparable rally in gold, but it should offer gold prices some support.Welcome to 2021! I hope that it will be a wonderful year for all of you; a much healthier, calmer and normal year than 2020 was. And even more profitable of course! Indeed, at least gold bulls could be satisfied with the la...Read More
If global elites have their way, 2021 will bethe year of the “Great Reset.”They believe now, after the coronavirus and lockdownpolicies have inflicted a heavy toll on the public, is the perfect opportunityto implement their technocratic vision.Their longstanding plans to transform economiesin the name of various “sustainability” and “equity” goals are beingaggre...Read More
RAPAPORT... Lucapa Diamond Company's revenue plunged in the fourth quarter as the miner delayed sales while it negotiated a partnership agreement with manufacturer Safdico.The company did not garner any revenue from its Mothae mine in Lesotho while it concluded talks over a sales deal with the Graff subsidiary related to rough from that site. In addition, it held only one sale of goods from its Lu...Read More
RAPAPORT... The US jewelry industry continued to downsize in the fourth quarter of 2020, with 91 companies leaving the business, according to data from the Jewelers Board of Trade (JBT).Only one firm went bankrupt, while 21 dropped out due to mergers or takeovers, the JBT reported last week. A further 69 closed for other reasons.The number of exits plunged 71% compared with the same period of 2019...Read More
RAPAPORT... The Women's Jewelry Association (WJA) has chosen Susan Chandler, the chief merchandising officer for Citizen Watch America, as president-elect of its international board of directors. She will serve in the position during the term of office that runs from 2022 to 2023. In her role at WJA, Chandler will help foster community, connection and collaboration within the trade, the assoc...Read More
(IDEX Online) - Diamond billionaire Beny Steinmetz has been sentenced to five years in jail after a Swiss court convicted him of bribing officials in Guinea for valuable mining rights.He was found guilty of paying $8.5m in bribes to Mamadie Tour?? (C), ex-wife of Lansana Cont?? (C), the country's former president, to secure iron ore rights for the BSGR Group (Beny Steinmetz Group Resources).I...Read More
Although markets look strong and poised to soar higher, valuations will play a vital role this year. Stocks already at peaks with large premiums could see some pullback in the short to medium term. Here are three such TSX stocks investors must be cautious with.BlackBerryThe Canadian software company BlackBerry (TSX:BB)(NYSE:BB) has been in the news recently for all the right reasons. The stock, wh...Read More
Despite the strong rally in the Canadian equity markets over the last nine months, we can still find few undervalued stocks that can deliver superior returns over the next three years. We will look at three such companies in this article.KinaxisKinaxis (TSX:KXS) provides cloud-based solutions that aid supply chain companies in planning and decision making. Since going public in June 2014, the comp...Read More
In the last few years, the demand for electric cars has skyrocketed. Elon Musk-led Tesla’s success story is a great example of how electric vehicles (EV) to help make the environment much cleaner and benefit investors from the ongoing EV revolution.That’s why there couldn’t be a better time to invest in companies that are betting high on the growing EV market.Elon Musk’s en...Read More
The fourth-quarter 2020 earnings season is upon us. Several Canadian firms will release financial results for the last quarter of a difficult 2020 this week. However, it’s not the earnings results alone that will matter with the following three top TSX stocks. One of them will release two material operating updates this week.Here are three top TSX stocks to watch during this final week of Ja...Read More
The Bitcoin frenzy seems to be cooling. This unregulated volatile cryptocurrency that surged almost 200% between November 2020 and January 10 has dropped 20% in the last 10 days. To give you an idea in dollar terms, Bitcoin fell from $51,521 to $41,175. The celebrated value investor Warren Buffett has despised Bitcoin for not one, not two, but countless reasons. As this digital currency falls...Read More
Warren Buffett has historically been one of the biggest bears on Wall Street with respect to gold as an asset class. The Oracle of Omaha’s views on gold as an asset class don’t appear to have changed. The unproductive nature of gold (just a piece of metal that sits there) has never appealed to Buffett. However, it appears the gold mining business is one which has struck gold (had to do...Read More
Here are five Fastmarkets stories you might have missed on Monday January 25 that are worth another look.The London Metal Exchange will launch its new cash-settled lithium futures contract on June 14, 2021, settled against Fastmarkets' price assessment for lithium hydroxide monohydrate.Liberty Steel Group has completed...Read More
The London Metal Exchange will launch its new cash-settled lithium futures contract on June 14, 2021, settled against Fastmarkets' price assessment for lithium hydroxide monohydrate. The exchange will also add another aluminium cash-settled futures contract to its suite with the launch of a new European duty-paid aluminium premium contract settled against Fastmarkets' benchmark Rotterdam premium....Read More
The Chinese market price of nickel pig iron (NPI) rose in the week to Friday January 22 amid improved spot activity ahead of the Chinese New Year holiday (February 11-17), sources said.Fastmarkets assessed the price of nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,110-1,140 yuan ($171-176) per nickel unit on Friday, up by 20-40 yuan per nickel unit or 2.7% from 1,090-1,100 y...Read More
Jack ChanPosted Jan 25, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. COT data is not definitive at this point, as speculative long and short positions are too close to each other.Our ratio is o...Read More
Fastmarkets has corrected its manganese ore 44%, cif Tianjin, index, which was published incorrectly on Friday January 22 due to a calculation error.Fastmarkets' weekly index for MB-MNO-0001 - manganese ore, 44% Mn, cif Tianjin, $ per dmtu, should have been $5.02 per dmtu, but was published at $4.91 per dmtu on January 22. It was corrected on January 25.Fastmarkets' pricing database, MInD, has bee...Read More
The Chinese market price of nickel pig iron (NPI) rose in the week to Friday January 22 amid improved spot activity ahead of the Chinese New Year holiday (February 11-17), sources said.Fastmarkets assessed the price of nickel pig iron, high-grade NPI content 10-15%, spot, ddp China at 1,110-1,140 yuan ($171-176) per nickel unit on Friday, up by 20-40 yuan per nickel unit or 2.7% from 1,090-1,100 y...Read More
Negotiations last week were unsuccessful, Reuters reported, saying Vale was given 10 days to make a better offer and the miner stating there was no consensus on the amount of compensation or how the money should be used."About Vale: we will not accept crumbs, let alone launch an auction to define the value," Simoes said in a translated tweet."Or we will have the biggest agreement in the country, g...Read More
Severe logistical hurdles continue to affect the main seaborne shipping routes out of China, with prohibitively high container freight costs persisting and recent land transport issues adding to the congestion and delays at ports.The continuing shortage of container and vessel space at Chinese main ports has not eased off so far in January, with market participants active in minerals and metals tr...Read More