Yes here's another potential black swan brewing in the background as the world continues to reel from the impact of high oil prices with the blame firmly being placed at the feet of Czar Putin, so I trundled along to take a look under the hood of the oil market and I noticed something strange that could result in an oil market DOOMSDAY Black Swan event! Look at the graph of proven Saudi Arabian oi...Read More
Gold should be soaringwith red-hot inflation raging, but instead it is breaking down. This history-defying disconnect hasdevastated sentiment, leaving this leading traditional inflation hedgedespised. Traders need to realize gold’sbizarre decoupling from all precedent is an extreme anomaly that will proveshort-lived. It has been driven by aparabolic US-dollar surge fueling...Read More
Russia’songoing invasion of Ukraine continues to take an incredible human toll, withthe very latest updates from the Office of the United Nations revealing thatsome 4,509 civilians had been killed in the conflict to date.However,this geopolitical conflict has also caused significant financial and marketdisruption, from compounding the rise in global energy prices to significantlydisturbing t...Read More
Fears of further Fed tighteningcontinue to weigh on metals markets. On Wednesday, the FederalReserve released the minutes from its most recent policy meeting. As CNBCreported, central bankers remain fixated on inflation.CNBCReporter: The minutes of the latest Fed meetings show that officials agreedthat another rate hike of 50-75 basis points would likely be appropriate at itsmeeting later this mon...Read More
Although the general stock market hasrisen, this trend may soon reverse. Since it often moves along with goldstocks, junior miners can face a fall too.Letthe S&P 500 Be a Clue Mining stocks declined significantly thisweek, but they haven’t severely underperformed gold. There is a good reason forit – the general stock market moved higher recently.What would have to happen for the mi...Read More
The euphoric US dollar rocketingstratospheric to extreme multi-decade highs slammed gold this week! That vertical surge ignited heavygold-futures selling, hammering gold into a serious technical breakdown. The resulting sentiment damage was severe,with traders now convinced gold is doomed to spiral much lower. But a major reversal is imminent in theradically-overbought dollar, wh...Read More
Commodities have been corrected hard, generally to supportIt is amazing how compressed the cycles are in the markets these days. But maybe it’s not so surprising when you consider the constant involvement of meddling, manipulating central banks and even governments. Add a dash of hysterical media and the human instinct for knee-jerk herding and voila, there you have it; sentiment in commodit...Read More
Gigantic changes in inventory, with no silver around...by Harvey Organ of Harvey Organ Blog//FED HIKES RATES BY .75% BUT EXTENDS DOTS OUTWARD TO 4.6%//GOLD CLOSED UP $4.70 TO $1667.75//SILVER CLOSED UP 33 CENTS TO $19.50//PLATINUM CLOSED DOWN $2.75 TO $918.40//PALLADIUM CLOSED DOWN $23.55 TO $2123.75//EUROPE'S BATTLE WITH HIGHER ENERGY COSTS//USA EXISTING HOUSING STARTS FALLS AGAIN SETTING THE STA...Read More
SSR Mining has restarted operations at its Copler gold mine in Turkey that were suspended in June this year following a leak from a pipeline that connects to the heap leach pad.Read More
Puna most recently served as CEO of Anglo American's copper business in Chile following a series of operating and technical positions within that organization including as Group Head of Open PitRead More
News: Polished demand slower than usual at this time of year. Jewelers optimistic for holiday season but hesitant to buy inventory. Consumers seeking convenient and interactive shopping experience that combines digital and in-store platforms. De Beers rough prices stable at Sep. sight; secondary market seeing fewer buyers and lower premiums. Grib Diamonds cancels Oct. auction after bank blocks cu...Read More
The Jewish New Year is a time for reflection about who we are and what we do. The diamond trade is blessed with a product that celebrates all that is good in life. The joy of gifting, connecting and loving is the message of diamonds. The diamond and jewelry trade makes the world a better place by providing people with products that promote loving relationships.That's nice.There is more to our live...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDSpeaking recently at a gathering of investors in Perth hosted by the Association of Mining Explorat...Read More
RAPAPORT... De Beers Forevermark has performed a U-turn on its strategic revamp following customers' responses.The company will maintain its current practice of allowing partners to buy loose stones from the brand and its authorized suppliers, a spokesperson told Rapaport News Wednesday. Management informed them of the reversal last Thursday."We listened to the feedback from our valued partne...Read More
(IDEX Online) - Smash and grab aiders fled empty-handed after they were thwarted by thick laminated display cases.A gang of six men tried to smash the cases at a store in the Jewelry District of downtown Los Angeles, California, USA.Employees fought back, hurling items at the perpetrators and a security guard fired a non-lethal pepper ball.The men, all were wearing black hoods, drove off in three...Read More
(IDEX Online) - Billionaire businessman Lev Leviev is to be interviewed by police in Israel over allegations of diamond smuggling.LLD (Lev Leviev Diamonds), one of the world's largest diamond cutting groups, is suspected of smuggling stones into the country by air over a 16-year period.Leviev, 66, (pictured) who has lived in Russia since 2018, arrived in Israel on Tuesday (20 September) and w...Read More
The trend has been seen in at miners including Agnico Eagle Mines and also major miners Barrick Gold and Newmont.Read More
Permitting and legal obstacles faced by the firms over the construction of the 211-mile-long industrial road, known as the Ambler Access Project, have been complicated further by a decision by the USRead More
U.S. equity index futures at 7:30 AM EDT were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. The Bank of England raised its lending rate to major banks from 1.75% to 2.25%.Lennar added $0.55 to $76.47 after reporting higher than consensus fiscal third quarter revenues. The company also raised guidance for the fourth quarter. KB Homes slipped $0.23 to $27.79 after...Read More
A 75-basis-point rate hike was forecast... and a 75-basis-point rate hike it was. The Federal Reserve issued word shortly after 2 p.m. Eastern.Today's was the third consecutive 75-basis-point rate raising. Never in its history has the Federal Reserve imposed three consecutive 75-basis-point rate raisings.And so its target rate presently ranges between 3% and 3.25%. Not since February 2008 - over 1...Read More