Jim Bianco - Twitter, Released on 6/14/22Just to remind everyone ...The guy that said the subprime problem was contained is now telling us the inflation problem is contained.- Jim Bianco biancoresearch.eth (@biancoresearch) June 14, 2022 Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and...Read More
Some big names in the industry invested during this company's recent financing, which will fund a new drill program. Drill targets are already defined and derisked, leading one expert to conclude this "could be very successful for the company."Astra Exploration Inc. (ASTR:TSX.V), with its recent, now closed, nonbrokered private placement, generated CA$2.4 million (CA$2.4M) and garnered some highly...Read More
LONDON, 9 June 2022 - Leading German business newspaper Handelsblatt today quotes BullionVault data and comment on the rising demand for gold amid the worsening inflationary crisis.Calling BullionVault "the world's largest precious metals exchange," the paper looks at what is driving investors to choose gold, as well as the balance of risks for further price gains in the precious metal.Read the fu...Read More
LONDON, 4 June 2022 - The British Library's new 'Gold' exhibition, supported by BullionVault, features today at ThisIsMoney, the personal finance site of the Daily Mail newspaper.Illustrated with photos of some of the 50 golden scrolls, books, pictures and other artworks on display until 2 October, "Many of these objects were originally owned by royalty," says the report, quoting exhibition co-cur...Read More
LONDON, 3 June 2022 - BullionVault's director of research Adrian Ash is the latest guest on the popular and respected Informed Choice Radio show.Provided by independent financial planners Informed Choice and hosted by Chartered Financial Planner and personal finance author Martin Bamford, this week's episode looks at the factors influencing the price of gold, why silver is called The Devil's Metal...Read More
LONDON, 11 May 2022 - The UK's i newspaper today carries an interview in its 'How I manage my money' column with a BullionVault user who makes monthly savings into his account.Although now a multimillionaire, Jeremy tells the i - launched in 2010 as the compact sister title of The Independent - that he remains very cautious with his spending, choosing discount stores where possible to boost his sa...Read More
As predicted, gold stocks aregradually declining. Their situation is unlikely to improve - the Fed isalready planning another interest rate hike.After yesterday’s huge slide in the PMs(GDXJ declined by over 8%!) and a sizable increase in our short positions injunior miners, gold and silver are moving back and forth, gathering strengthfor the next move. Or waiting for the next trigger.They ar...Read More
The "most important Fed meeting, ever" has just concluded...(by Half Dollar) The Fed has just concluded its most recent 2-day FOMC meeting.Here's the Fed's statement, posted in its entirety (bold added for emphasis and commentary):Overall economic activity appears to have picked up after edging down in the first quarter. Job gains have been robust in recent months, and the unemployment rate has...Read More
"About three years ago we put forward a very aggressive plan to become 150,000 ounce a year producer within five years.Read More
The project would yield an after-tax net present value of C$48.3 million at a at a 5% discount rate and an internal rate of return of 43% at a US$1,600 per ounce gold price following an initial capital cost of $22.1 million.The company is progessing to complete a pre-feasibility study expected to be completed by year end with permitting for the Bachelor mill and tailings expansion ongoing."The ope...Read More
In May, SolGold reported a measured and indicated resource of 2.7 billion tonnes grading 0.Read More
US fund manager Van Eck, which is the second largest shareholder in the firm, has now termed the proposed deal as "another poorly structured deal", according to one of its analysts.Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu mines"It takes a lot of work to understand a deal with this level of complexity. … It is very unique for two piec...Read More
RAPAPORT... Beryl Raff will leave her role as chairman and CEO of Helzberg Diamonds after 13 years with the company.Raff, who is set to retire on July 1, will continue to advise and consult the executive team at the Berkshire Hathaway-owned jeweler as a nonexecutive chairman, the jeweler said Tuesday. She is the longest-serving nonfamily CEO at Helzberg."Helzberg Diamonds is my family," said Raff....Read More
RAPAPORT... US jewelry sales rose in May amid a return to in-person shopping and a surge in weddings and travel, according to Mastercard SpendingPulse.Revenue for the category jumped 22% year on year during the month, the highest growth of all segments Mastercard monitors, it reported Wednesday. The majority of weddings and social events were pushed back during the Covid-19 pandemic. Many consumer...Read More
RAPAPORT... Richemont and Kering have rejoined the Responsible Jewellery Council (RJC) after withdrawing their brands over the Russia controversy, according to the standards organization's chairman."There were 24 companies within those groups that resigned," David Bouffard said at the Rapaport Social Responsibility Conference, which took place Sunday during the JCK Las Vegas show. "Within a m...Read More
Construction work at Skouries started in 2013 but the project has been embroiled in a series of legal disputes with Greek authorities over permitting for the scheme.Read More
RAPAPORT... Sentiment was high as the 2022 JCK Las Vegas show came to an end, with exhibitors reporting solid orders amid an overall upbeat US retail market.Robust consumer spending and shortages of goods supported trading, despite concerns about inflation, interest rates and a stock-market decline. Foot traffic was strong following two years of limited gatherings."We expected the show to be...Read More
Kinross has already received US$300 million in US-denominated cash into its corporate account outside of Russia and will receive the remaining payment of US$40 million on the first anniversary of dealRead More
RAPAPORT... The Las Vegas shows set the tone for the industry moving into the second half of the year. But how was the mood considering the economic and geopolitical headwinds facing the trade, and what does this signal for the market? In this episode of the Rapaport Diamond Podcast, News Editor Joshua Freedman and Senior Analyst Avi Krawitz discuss sentiment at the shows, along with the big news...Read More