Technical Analyst Clive Maund reviews Nexgen Mining's 1-year and 9-year charts to explain why he believes the stock is a Strong Buy.For those of you who are interested in and can handle junior mining stocks, Nexgen Mining Inc. (NXGM: OTCPK) is looking like an Immediate Buy here.After shooting higher from a low level last July, it has been drifting sideways on light volume ever since in a convergin...Read More
Dolly Varden Silver Corp. does not plan to waste any time in the new year after making a deal to consolidate an entire copper-gold porphyry system in British Columbia's Golden Triangle.Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX) does not plan to waste any time in the new year after making a deal to consolidate an entire copper-gold porphyry system in British Columbia's Golden Triangle.The co...Read More
John Newell of Golden Sky Minerals explains why he believes silver will take off in 2024.Potential for Explosive Price RiseMany precious metal analysts suggest that silver prices could experience an "explosive" rise in 2024 if global supplies continue to fall short of demand.This suggests that there may be significant upside potential for silver prices.Federal Reserve Rate CutsThe Federal Reserve...Read More
LONDON, 28 December 2023 - BullionVault's latest customer survey features today in a report on the 2024 outlook for gold prices from leading German newspaper Handelsblatt."According to the survey of around 2,000 investors worldwide, questioned between the end of November and the beginning of December, gold will rise by almost 16 per cent in the coming year," says the paper's full-page report.Read...Read More
(IDEX Online) - The Jaipur Jewellery Show (JJS) attracted 50,000 visitors from India and beyond.Organizers said there were more than 1,000 booths at the B2B & B2C event which took place from 22 to 25 December at the Novotel Jaipur Convention Centre.Vipul Shah GJEPC chairman said the upcoming Gem Bourse in Jaipur would make India a key global hub in the gem and jewelry sector."The theme for the...Read More
(IDEX Online) - Exports of Swiss watches surged during November to their "highest-ever monthly level" with sales of almost CHF2.5bn ($2.95bn).That's a growth of 3.1 per cent compared with the previous month, according to new figures from the Federation of the Swiss Watch Industry Exports (FHS).It represents a year-on-year increase for January to November of 7.7 per cent.The most significant r...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:30 AM EST.Exxon Mobil slipped $0.48 to $101.88 after Mizuho downgraded the stock from Buy to Neutral.Occidental Petroleum dropped $0.35 to $59.70 after Mizuho downgraded the stock from Buy to Neutral.Prudential Financial dropped $0.81 to $103.76 after JP Morgan downgraded the stock from Overweight to Ne...Read More
The minutes from the Fed's December FOMC meeting were released today. They revealed that the Fed believed rate hikes were no longer likely, but that it wouldn't be lowering rates in the near term.The December minutes revealed that the Fed's target rate is "likely at or near its peak for this tightening cycle."Fed officials also "judged that the current stance of monetary policy was restrictive and...Read More
In 2023, we saw the outbreak of a banking crisis (that isn't over), a new Middle East war break out in Gaza, two states ban Trump from the ballot in the 2024 elections and the mainstreaming of AI, among other things.All I can say is strap in, because 2024 is setting up to be even more chaotic than 2023. That's right, 2024 will be more tumultuous and shocking than 2023. Let's first address the elec...Read More
Share this articleVANCOUVER - Silver Storm Mining Ltd. [TSXV-SVRS); OTCQB-SVRSF; FSE-SVR], formerly Golden Tag Resources Ltd., reported further drill results from its Phase 1 diamond drilling program at the company's 100%-owned La Parrilla Silver Mine Complex in Durango Mexico. Results from the four holes within this release are from the Quebradillas mine.Highlights: Hole Q-23-020 intersected the...Read More
(IDEX Online) - Diamond traders in Surat are reportedly buying a $3.6m private jet to ferry international buyers to the city's newly-opened bourse.There are currently no direct flights between Surat and Mumbai, India's financial hub, and the journey by road takes at least six hours.The vast $355m Surat Diamond Bourse (pictured) finally opened last November, increasing pressure for a quic...Read More
(IDEX Online) - A pear-cut 6.01-ct diamond submitted for grading at an IGI lab was found to be a lab grown impostor.It had the GIA laser inscription of a genuine natural diamond and was a close match for its carat weight, physical spread, and primary qualities.But it was soon revealed to be a CVD lab grown by gemologists in Tel Aviv."Everyone in our industry must be vigilant," said Tehmasp Printer...Read More
(IDEX Online) - The EU has sanctioned Alrosa and its CEO Pavel Marinychev, almost two years after Russia invaded Ukraine."In line with the diamond ban we have introduced with the 12th package of sanctions, the EU today lists Alrosa, the largest diamond-mining company in the world and its CEO," EU foreign policy chief Josep Borrel said yesterday (3 January) on X, formerly Twitter. "This is part of...Read More
(IDEX Online) - Watch and jewelry sales in the US have finally turned a corner, the US Department of Commerce, rising by 3.2 per cent in November after nine months of consecutive decline.We saw movement in this direction in October, when sales were down by just 0.2 per cent, indicating that demand is picking up, and the economy is showing signs of stabilizing.There is, however, conflicting news fr...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points at 8:30 AM ESTCal-Maine Foods dropped $3.66 to 51.29 after reporting lower second quarter resultsAbbVie dropped $2.31 to $158.31 after CVS Health announced that it will substitute AbbVie's drug, Humira with comparable drugs.Apple slipped $1.31 to $182.94 after Piper Sandler lowered its target price from $220 t...Read More
Is this the year of the 493?The 493? Here we refer to the 493 stocks of the S&P 500 the 493 stocks not named Apple, Microsoft, Google, Tesla, Nvidia, Amazon or Meta.These are the seven wagon-pullers that have hauled the stock market to present extremes.The S&P 500 galloped 24% last year under their behemoth influence.The remaining 493 lagged far behind them.Mr. Michael Lebowitz of Real I...Read More
Now that my parents are only half a mile away, long-forgotten memories have flooded back. Thanks to my mother's unimpeachable cooking skills, I'm again enjoying all the trappings of my youth.One such happiness is eating simple pasta and tomato sauce. Sure, my mother's lasagna is second to none, but that's more of a holiday dish. (Indeed, I rolled home after Christmas dinner. It’s too bad Pam...Read More
CHEYENNE, Wyo., Jan. 4, 2024 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company") is pleased to announce that it will be attending the 2024 Future Minerals Forum (the "2024 Forum"). The Company's management team invites shareholders and all interested parties to attend. Admission to the 2024 Forum is free to qualified investors.The 2024 Forum will be held in-person at the King Abdulaziz...Read More