Oil prices fluctuated on fears of arecession and a contraction in demand. What are the main figures to observe inthis critical month?Crude oil prices hovered between red andgreen on Thursday after two days of steep losses this week, still plagued byfears of a global economic recession that could threaten demand but also supplycuts in a tight market.NewLockdown and Restrictions for the Chinese Pand...Read More
On Tuesday, July 5th, Crude Oil collapsed very sharply, down over 10% near the lows, in an aggressive breakdown of the price. The $97.43 lows reached that day were more than -14% from recent highs (set on June 29, 2022) and more than -21% from highs set on June 14, 2022.Consumer Discretionary Spending Likely To Fall FurtherIn a recent research article (published June 9, 2022: CRUDE OIL PRICE AND C...Read More
Gold, silver, and theirminers’ stocks suffer their weakest seasonals of the year in early summers. With traders’ attention normally diverted to vacationsand summer fun, interest in and demand for precious metals usually wane. Without outsized investment demand, goldtends to drift sideways dragging silver and miners’ stocks with it. Long feared as the summer dold...Read More
The upcoming stagflation might be lesssevere than in the 1970s. So is the Fed’s reaction, which could mean good newsfor gold.There are many terrifying statements you can hear from another person. One example is: “Honey, we need to talk!” Another is: “I’m from the government and I’m here to help.” However, the scariest English word, especially nowadays, is...Read More
https://media.blubrry.com/silverdoctors/p/ins.blubrry.com/silverdoctors/SRS7-22-SD-audio.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Stitcher | Email | RSS"We've got much bigger fish to fry...If they have been manipulating the price, why would you invest in precious metals?"...Steve St. Angelo of SRSrocco Report with Paul "Half Dollar" EberhartSilver is in the teens, so no...Read More
There isn't much further to go on the downside in Silver based on the data...by David Brady via Sprott MoneyDespite all the bullish signals, precious metals and miners continued lower this week. I have repeatedly stated that no one should try to catch a falling knife but instead wait for a break of resistance. This week I will go through the technical levels I am watching to signal that the bottom...Read More
Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdPensana Plc to provide UK-produced rare earth resourcesSPONSOREDpensanaHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical mineralsThe PEO aimed to integrate updated long...Read More
Economists had expectations of a 8.8% increase, based on higher fuel, food and other costs. Inflation grew at an annualised 8.6% in May.Read More
The project is expected to start operations by the second half of 2023 and intends to develop silo-blending facilities of up to eight different ores with a 15 million onnes a year capacity in theRead More
The court ruling backed a previous decision by Ministry of Environment, Water and Ecological Transition (MAATE) to grant water rights and other environmental permits to the scheme.Read More
RAPAPORT... The New York State Supreme Court has convicted diamond dealer Nehal Modi of grand larceny in the first degree, concluding that the brother of infamous tycoon Nirav obtained more than $2.6 million in goods through fraud.The Antwerp-based former Samuels Jewelers CEO made false claims to LLD Diamonds to secure merchandise, Manhattan District Attorney Alvin Bragg, Jr., said in a state...Read More
RAPAPORT... Lisa Bridge, CEO of jewelry chain Ben Bridge, chats with Rapaport's Avi Krawitz about her recent appointment as president of the American Gem Society (AGS) and the mood among US jewelry retailers as they head into the second half of 2022. In this episode of the Rapaport Diamond Podcast, the two also discuss how the industry continues to evolve in the post-pandemic environment, some of...Read More
RAPAPORT... US e-commerce spending slowed in June to its lowest this year amid a move in the date of Amazon Prime Day and continued inflation, according to Adobe Analytics.Shoppers shelled out $74.1 billion online during the month, a rise of 1% year on year. However, that figure is 6% lower than the $78.8 billion spent in May and 5% less than April's total, Adobe said Tuesday. This year, Prime Day...Read More
RAPAPORT... The Baselworld fair has received much criticism in recent years, but one of the final shows before its public implosion appears to have facilitated a diamond deal that counts among the biggest in history.Antwerp-based manufacturers Tach?(C) and Samir Gems came to the March 2018 exhibition with the exquisite Lesotho Legend, a 910-carat, type IIa diamond they had bought together fro...Read More
(IDEX Online) - A British jewelry store will close this weekend after an astonishing 277 years in business, at the same address.Thurlow Champness, in Bury St Edmunds, Suffolk, (pictutred) was established by watchmaker George Lumley back in 1745. He also sold clocks, watches, diamond jewelry and gold pieces.Current owner Trevor Salt is retiring 40 years in the business and says there is nobody to h...Read More
(IDEX Online) - The Star-Orion South diamond mine, in Canada, will be put on care and maintenance at the end of this year, following disagreements between joint venture partners Rio Tinto Exploration Canada Inc. and Star Diamond Corp.Rio Tinto said in a statement that it was reviewing its options and warned it could pull out of the project completely. Star Diamond said it was disappointed.Both sid...Read More
"This was 4,000 ounces shy of our 30,300 ounces estimate," said analysts at Toronto-based Desjardins.Read More
U.S. equity index futures were higher this morning. S&P 500 futures down 55 points in pre-opening trade.U.S. equity index futures moved lower following release of the U.S. June Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 1.1% versus a gain of 1.0% in May. Actual was an increase of 1.3%. On a year-over-year basis, consensus was an increase of 8.8% versus a gain of 8.6% in...Read More
Talon Metals (TSX: TLO; US-OTC: TLOFF) has reported high-grade nickel and copper assay results from its Tamarack nickel project in Minnesota. The drill results come from CGO East, an area of 500 metres by 900 metres outside of the nickel project's defined resource area.Highlights from eight infill holes included 6.56 metres grading 2.95% nickel and 1.01% copper starting at a depth of 133.60 metr...Read More
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is selling its nickel assets to Archer Exploration (CSE: RCHR) in an all-share deal worth $53.6 million.The company said it wants to focus on its core gold projects Fenelon and Martiniere, and is selling its Grasset and RUM projects in Quebec and its Sudbury and NW projects in Ontario.Under the deal, Wallbridge will receive about 198.6 million common sh...Read More