(IDEX Online) - Rio Tinto said it was delighted with the results of its first Beyond Rare Tender of polished pink and red diamonds from Argyle, in Australia, and yellow stones from Diavik, Canada, though it declined to reveal any prices.Sinead Kaufman, chief executive of Rio Tinto Minerals, said only that the results reflected the global demand for highly collectible natural colored diamonds.The f...Read More
(IDEX Online) - Long-awaited EU sanctions on Russian diamonds will also cover lab growns, according to an Agence France Presse (AFP) report.The ban, due to come into force on 1 January 2024, would apply to "non-industrial natural and synthetic diamonds as well as diamond jewellery," according to the text of a proposal adopted by the European Commission, which the Paris-based news agency says it ha...Read More
(IDEX Online) - Star Diamond says it will acquire full ownership of the Fort a la Corne project being developed in Saskatchewan, Canada, after Rio Tinto agreed to transfer its 75 per cent interest.Rio Tinto says it is pulling out because its global exploration program is now firmly focused on metals and minerals to support the energy transition.The two companies have previously been tangled in leg...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:30 AM EST.Alaska Airlines slipped $0.57 to $39.16 and Hawaiian Airlines jumped $8.85 to $13.71 after Alaska Airlines offered to purchase Hawaiian Airlines for $1.9 billion.Bitcoin jumped $2,140.42 to $41,547.22 in overnight trade.Spot gold briefly touched an all-time high at US$2,095.70 in overnight tra...Read More
As I'm sure you know by now, Henry Kissinger died last week at the age of 100. He leaves a complex legacy, which is certainly understandable because he operated in a complex geopolitical environment.But Henry Kissinger was a master strategist and political scientist. With his recent passing, I thought I'd retell the story of one of his most brilliant plans, and explain how it relates to the demise...Read More
Defining the middle class is a perpetually popular parlor game because it’s well-known that the foundation of widespread prosperity is a broad-based middle class and a sturdy ladder of social mobility that enables those below the middle class to work their way up to middle-class security.The topic is also a perennial favorite because the middle class is losing ground. By basic measures of in...Read More
This company say is it has finished its Phase 2 of pit geotechnical drilling at its Wicheeda rare earth element project (REE) in British Columbia. Find out why so much of the world needs these elements.Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced it has finished its Phase 2 of pit geotechnical drilling at its Wicheeda rare earth element project (REE) in British Columbia.That d...Read More
Recently, Omai Gold Mines announced additional positive drill results from its Omai gold project, including high-grade intercepts at the SP exploration target, noted Atrium Research analysts Ben Pirie and Nicholas Cortellucci.Omai Gold Mines (TSXV:OMG) announced additional positive drill results from its Omai gold project, including high-grade intercepts at the SP exploration target, noted Atrium...Read More
Silver X Mining Corp. has released the results after it's Nueva Recuperada mine restart. Read on to see why analysts think this company has a possible 240% return.Silver X Mining Corp. (AGX:TSX.V) has announced its Q3 2023 results for the Nueva Recuperada project in a press release. The company reported a number of highlights from the project, located in Peru, including the relaunch of mining oper...Read More
As gold broke out to an all-time high and Bitcoin hit a 20-month high, McAlinden Research reviews current movements in the market and where its believes these are headed.On Sunday evening, spot gold prices surged to an all-time high north of $2,150. That capped a 16.5% rally since the start of the year. At the same time, the unit price of the world's largest cryptocurrency, Bitcoin (BTC), tapped $...Read More
This is expected to come on the heels of the Canadian silver producer resuming operations after a nearly three-month halt during Q3/23, noted a Red Cloud Securities report.Silver X Mining Corp. (AGX:TSX.V) released its Q3/23 financials and got a target price boost to CA$0.80 per share from CA$0.75 by Red Cloud Securities after it updated its valuation of the Canadian metals producer, reported mini...Read More
This base metals + gold and silver exploration company says it has submitted all of the documentation needed to support for an Exploitation (Mining) License for its project in Spain. Find out why one analyst rated the stock an immediate buy.Base metals + gold and silver exploration company Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJA:FSE) announced it has submitted all of the documentat...Read More
Michael Ballanger of GGM Advisory Inc. takes a look at current movements in the stock market and shares his thoughts on some stocks he believes are promising.This weekend, every blogger, newsletter writer, tweeter, and you-tuber is at their computers, hammering out linguistic or visionary "victory laps" over their ownership of gold and silver and the uncontested conquest of the bullion bank behemo...Read More
(IDEX Online) - After more than 18 months of relentless decline, the IDEX Polished Price Index finally showed its first increase with a hike of 1.06 per cent in November. The industry could be witnessing the first green shoots of recovery. The holiday season is driving an increase in consumer demand, which is pushing prices up prices at last.India's voluntary ban on rough imports, an upstream...Read More
(IDEX Online) - Sales of watches, jewelry, clocks and other luxury goods surged again in Hong Hong during October, driven largely by a huge post-Covid influx of tourists.Total spend for the category during the month was US$652m (HK$5.1bn), and increase of over 27 per cent on September, which in turn saw an increase of over 27 per cent on August. Figures since January show a 55 per cent increase ye...Read More
(IDEX Online) - Walmart has announced a huge expansion of its lab grown offering which will see them account for 30 per cent of the diamond fashion and bridal jewelry sold across its 2,800 US stores.Walmart is the second biggest-grossing jeweler in North America (after Signet) with total watch and jewelry sales of $3.38bn in 2022. Its lab grown sales have increased 600 percent year-on-year. I...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:35 AM ESTU.S. equity index futures added 4 points following release of the U.S. Trade Deficit at 8:30 AM EST. Consensus was $64.10 billion, an increase from $61.50 billion in September. Actual was $64.3 billion.The Bank of Canada updates its overnight lending rate for major Canadian banks at 10:00 AM EST...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EST.CVS Health gained $1.92 to $70.40 after offering positive fourth quarter 2023 and 2024 guidance. The company also raised its quarterly dividend by 10%.JM Smucker added $3.37 to $115.80 after reporting higher than consensus third quarter earnings.Design Brands dropped $4.16 to $8.65 after repor...Read More
Are gold prices and interest rates joined at the hip? Based on recent market action, it would appear the answer is: yes.A major rally in gold is now underway. Gold moved from $1,831 per ounce on Oct. 6 to $2,091 per ounce on Dec. 1, a 14.1% rally in just eight weeks and a new all-time high price for gold.Gold has pulled back to $2,037 as of today, but that's not surprising given its previous surge...Read More
Goldbugs, your time has come.Welcome to the Big Show!Gold futures have finally broken free of a choppy, four-year range to extend to new all-time highs.Today, I'll dig into gold's massive breakout. I'll show you how the move has developed, where gold's headed, and some important milestones to watch.But first, you need to see how choppy, post-pandemic trading has led to the biggest gold breakout we...Read More