RAPAPORT... BlueRock Diamonds' stock price dropped 29% after it signed a financing deal that could dilute current shareholders' interest in the company.The miner, which runs the Kareevlei deposit in South Africa, made a deal with Teichmann Company that will potentially increase the investor's stock from 17.4% to 51%, BlueRock said Tuesday.The company will initially issue a GBP 1 million ($1.2...Read More
The more you know about your customers, the better you can connect with them, market to them and ultimately give them what they want.RAPAPORT... Creating a profitable retail business used to be a guessing game reliant on a bit of luck married with years of experience and observation. It required jewelry store owners to know not only which products their customers are interested in now, but which t...Read More
RAPAPORT... Israel saw a jump in polished trading but a drop in rough shipments during June, reflecting forces affecting the global diamond industry.Rough shortages have emerged across the sector due to the lack of Russian goods since Western sanctions on Alrosa began in March. However, demand has mostly stayed strong in the important US market, with exhibitors reporting brisk business at las...Read More
(IDEX Online) - The Oppenheimer family - which sold its stake in De Beers for $5.1bn - has been granted an interim court order to halt gold exploration at its ranch in Zimbabwe.Nicky Oppenheimer (pictured), whose grandfather Sir Ernest Oppenheimer founded mining giant Anglo American, sought a high court injunction after a prospector's plane was spotted over the 65,000-hectare Shangani Ranch,...Read More
(IDEX Online) - Shanghai Diamond Exchange (SDE) is reporting a "surge in trading", with transactions worth $3.82bn from January to June of this year.That's an increase of 86 per cent on the same period in pre-Covid 2019. The pandemic saw China's diamond imports down by almost a half in 2020 and 2021.Lin Qiang, president of SDE, said: "The strong rebound of diamond import not...Read More
(IDEX Online) - De Beers will more than double the number of its stores in India, buoyed by a strong 2021 performance.The company reported positive consumer sentiment during the first half of 2022 and predicted similar success.De Beers India will increase the number of exclusive operative stores from 14 to 30, managing director Sachin Jain told PTI."The year 2021, the calendar year, was the best y...Read More
Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesAsian Battery Metals AllianceSPONSOREDaranjin resourcesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAurania's president and CEO Keith Barron noted Wood's contributions over the past three years and his stewardship through the Covid-19 pandemic.He as a...Read More
U.S. equity index futures were lower this morning. S&P 500 future slipped 10 points in pre-opening trade.Focus today is on FOMC meeting minutes to be released at 2:00 PM EDT. More information on the Federal Reserve's plan to increase the Fed Fund Rate is expected.Resolute Forest Products gained $8.04 to US$20.53 after Domtar offered to purchase the company for $20.50 per share. Value of the of...Read More
Think for a moment of other failed experiments in human history.One that comes to mind is the Bolshevik Revolution. Its leader, Vladimir Lenin, never really expected to take power, much less be put in charge of implementing the system he had spent a career promoting.He was asked to speak to what communism would mean. He fished around and came up with the idea of electrification of Russia.It didn't...Read More
Remember the old days of the Clinton administration?It came to power riding a center-left push against the messes of the Bush administration. Clinton was careful to distance himself from the crazies with a series of high-profile rebuffs of the worst among them.The hope was to advertise as a moderate but govern slightly to the left.But then the polls and the markets started to speak, and loudly. Th...Read More
I've been addressing the war on cash lately, and for good reason. While everyone's attention is focused on the war in Ukraine, inflation and the Supreme Court, government plans to eliminate cash are accelerating.For example, central bank digital currencies (CBDCs) are coming even faster than many anticipated. The digital yuan is already here; it was introduced in China last February during the Win...Read More
Our economy is in a crisis that’s been brewing for decades.The Chinese characters for the English word crisis are famously - and incorrectly - translated as danger and opportunity. The more accurate translation is precarious plus critical juncture or inflection point.Beneath its surface stability, our economy is precarious because the foundation of the global economy - cheap energy - has rea...Read More
With so much going on with the war in Ukraine, skyrocketing inflation, looming food shortages and more, it's easy to overlook the elites' ongoing war on cash.But that's a serious mistake because it has serious implications not only for your money, but for your privacy and personal freedom as you'll see today. My view is that the war on cash is dangerous in terms of lost privacy and the risk of gov...Read More
The stock market is enduring its poorest first half since 1932. What does this evil fact portend for the year's second half?Your choices are these:A): The stock market will thunder back with fantastic vigor...B): The stock market terrors will extend throughout the year...C): This year's grim first half will exert no gravity whatsoever on the second - the stock market is as likely to rise as it is...Read More
Stocks were up big today, which will have the talking heads saying that everything's fine again; it's time to jump back into the market.My advice is don't fall for it.With the Fed's third rate hike in the rearview, more market downside is inevitable if you look at the historical record. There's much more to come. Here's why:Last week's hike was the third-consecutive hike. And that's a very bad sig...Read More
Remember the limbo? It was a dance fad kind of like the Olympic high jump in reverse: Instead of leaping over a horizontal bar, you duckwalked under it to calypso music, with the crowd squealing, "How low can you go?"As it happens, in the culture of Western Civ, Limbo is also the name of a place on the edge of hell. Either way, you have an apt metaphor for the spot that the USA is in as we enter t...Read More
We see lots of hand wringing about the Fed's intention to crack down on inflation. No more Mister Nice Guy! The party is over! Those money masters are going to clean up the balance sheet and teach the virus called inflation a thing or two!Oh sure, there will be a bit of pain in the short run but in the long run, we'll have beaten back this beast and the dollar will stabilize again.What we see here...Read More
"What the market is worried about," argues LPL Financial's chief equity strategist... is "that the Fed breaks something."His co-worker, chief market strategist at the firm, continues:The Fed has a very tight needle to thread here and I think investors and the market, in general, are losing a good deal of confidence that the Fed might be able to do that.We hazard the market is justifiably a jitter....Read More
Nouveau Monde Graphite (TSXV: NOU; NYSE: NMG) has released an integrated feasibility study for its Matawinie mine project and B?(C)cancour battery material plant, both in Quebec, that reported a higher capital expenditure than expected by BMO analysts.The projects are located within a 150-km radius of Montreal.According to the latest study, the Matawinie mine project is expected to produce an aver...Read More
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) believes that its Crawford project in northern Ontario contains the fifth largest nickel sulphide resource globally, after a new estimate released by the company on July 6 more than doubled the project's measured and indicated resource estimate.Its latest measured and indicated resources now total 1.4 billion tonnes grading 0.24% nickel and 6.59% ir...Read More