LONDON, 4 August.2022 - German financial news agency Deutsche Finanz Presse Agentur today reports a jump in private investors buying gold, citing the latest Gold Investor Index from BullionVault."The gold price fell in July 2022 more than it had in over 5 years," says DFPA. "Demand from private investors is now increasing...shown by data from BullionVault, the world's largest online dealer for pre...Read More
LONDON, 29 July 2022 - BullionVault's latest survey of its precious-metal customers today features at popular German personal finance site Das Investment."Gold prices fell to their lowest level in almost a year in July," says the report.But BullionVault's new survey "shows that private investors are still optimistic about the prospects for the precious metal. However, high inflation is causing man...Read More
LONDON, 27 July 2022 - Comment from BullionVault tonight leads news from leading US investment-site MarketWatch about the impact on gold prices of the Federal Reserve's latest hike to Dollar interest rates.Gold and silver "clearly had today's rate rise priced in, trading pretty much flat in a tight range before and after the statement," the report quotes Adrian Ash, director of research at Bullion...Read More
LONDON, 8 July 2022 - Leading US investment news-site MarketWatch today quotes BullionVault in its latest report on gold prices.With gold prices slipping today but outperforming all major asset classes except crude oil in 2022 so far, action in gold exchange-traded fund holdings "doesn't suggest any kind of rush for the exits," MarketWatch quotes BullionVault director of research Adrian Ash."[Gold...Read More
SILVER COIN PREMIUMSIn 1972, a bag ($1000 face value) of “junk” US silver coins sold for approximately $1300-1350. The average closing price of silver that year was $1.68 oz; hence, the silver content (715 ounces) value was $1200 per bag. The remaining difference was a premium of about ten percent.A lower silver price would generally result in higher percentage premiums because the fac...Read More
Fear is starting to become an issue. Traders are starting to realize inflation, CPI, PPI, and global currencies are reacting to the sudden policy shift by the US Fed and global central banks. This fear is showing up in the Gold-to-Silver ratio as well.My research suggests the closest comparison to the current Gold/Silver setup may be found by looking at the early 2000~2003 US markets. Let’s...Read More
The federal criminal trial of JP Morgan executives Michael Nowak, Gregg Smith, and Jeffrey Ruffo began on July 8th.These senior bankers are accused of running a years-long scheme to manipulateprecious metals prices through what is known as “spoofing.”Perhaps the three will be found guilty, butit isn’t likely to have much impact on trading in the papersilver markets. If there is s...Read More
Gold, and especially silver, will take on even more significant roles...Jon Little interviewed by Chris Marcus of Arcadia EconomicsThere's currently more economic uncertainty in the world than many of us have seen in our lifetimes.The Fed is raising interest rates at a 75 basis point clip into a recession, while eastern countries are rapidly moving away from the dollar.And in the midst of all of t...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsSaridas, previously CFO of Coronado Global Resources, started with SolGold on June 27. The company said her resignation was e...Read More
The dramatic change to the commodity landscape in recent years seems to have created somewhat of a power vacuum for the relative upstart commodity and spurred a race to claim the nickel throne.Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedAlicanto wows with maiden resourceSPONSOREDalicanto minerals"This resources declaration is the fifth largest known mineralized porphyry in Papua New Guinea in terms of pre-mined contain...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsThe US Court of Appeals for the Circuit of the District of Columbia ruled lawful a prior decision by the US Nuclear Regulator...Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsAdjusted net earnings fell to US$13.49 million for the period, which is down from $74.8 million a year earlier.On a per share...Read More
The stock fell 22% day on day to close the 10 August session at C$6.28/share (US$4.91). It's less than half the value it was in mid-April and at the lowest levels seen since January 2019.The company recorded an adjusted net loss of US$36.2 million from continuing operations for Q2, which is down 146% from earnings of $49.9 million for the same period last year.On a per share basis, that was a loss...Read More
Investment mainly went to development (54%), exploration (38.4%) and infrastructure (23.4%) said the ministry in its Mineral Statistics Bulletin.Read More
The firm posted adjusted earnings per share (EPS) of minus $0.03 in the second quarter, lower than the market consensus of $0.Read More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedAlicanto wows with maiden resourceSPONSOREDalicanto mineralsCairns disclosed his copper market view while speaking to investors recently about his exploration endeavours in western Vict...Read More
News: Diamond market cautious amid China slowdown and US economic uncertainty. Polished prices declining. Inventory remains high. IIJS show reflects upbeat Indian jewelry market and spurs optimism for Diwali. Cutters maintaining lower production and anticipate strong demand for De Beers rough at next week's sight. Speculation that large manufacturers able to purchase Alrosa rough through non-doll...Read More
RAPAPORT... Israel's diamond exports saw a rare decline in July amid a slowdown in the global market.Polished shipments out of the country - after returns of unsold goods - fell 7% year on year to $296.6 million for the month, the Ministry of Economy and Industry reported last week. The volume of exports dropped 12% to 131,799 carats, and the average price increased 6% to $2,251 per carat. Wh...Read More
RAPAPORT... Lucara Diamond Corp.'s profit more than doubled year on year in the second quarter amid strong demand and a higher proportion of proceeds coming from the sale of polished diamonds through its supply contract.Net profit reached $12.5 million for the three months ending June 30, compared with $6 million the year before. Revenue jumped 13% to $52.3 million, the company said Wednesday. Whi...Read More