Michael Ballanger of GGM Advisory Inc. shares his views on the current state of the stock market, including moves in copper and gold.When I was digging deep into my septuagenarian memory banks last month in a desperate effort to come up with an anecdote that could in some way stir the emotions of a generation of investors brand new to the world of junior resource investing, I came up with the stor...Read More
Dolly Varden Silver Corp. has released the results of its drilling on the Homestake silver deposit. Read on to see what analysts are saying about this company's stock.Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX) announced the recent drill results from its Homestake silver deposit in a press release on January 16, 2023. According to the press release, the results include 23 drill holes coverin...Read More
Thanks to the last week’s declines,natural gas lost 32% and approached the support area. What are theimplications?Major Declinein Natural Gas PricesLast week, natural gas recorded itsbiggest decline in months. Could this have been predicted? What technicalfactors encouraged the bears to attack? What changes did this movement leavebehind on the chart? You will find answers to these questions...Read More
(IDEX Online) - De Beers has introduced a new online "sealed bid" tender for some of its rough diamonds.The Offer, which went live last week, allows buyers to key in the price they're prepared to pay for a lot, unseen by other bidders.It is an additional sales channel rather than a replacement for the online auctions that have been taking place since 2008.Online auctions have accounted for th...Read More
(IDEX Online) - Arnold Schwarzenegger, former governor of California and star of The Terminator movies, was ordered to pay a $38,000 fine in cash after failing to declare an Audemars Piguet watch at Customs.He was stopped at Munich airport last Wednesday, en route to a Schwarzenegger Climate Initiative event in Austria, where the specially-made watch wnet on to sell at a charity auction for $295,0...Read More
(IDEX Online) - Registration for JCK 2024, the jewelry industry's key trade show, has opened.The Las Vegas show is expected to attract 18,000 visitors and 12,000 exhibitors, in line with last year's attendance.Organizers say the theme of its 2024 edition, which takes place from 31 May to 3 June, will be "love". Select events will start on 30 May."There are truly no connections like those...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points at 8:30 AM EST. Boeing dropped $3.46 to $211.56 after the FAA recommended a door plug inspection on another 737 aircraft model.Archer Daniels Midland fell $8.12 to $60.07 after launching a probe on its accounting. Macy's added $0.47 to $18.10 after its board of directors rejected a private company buyout offe...Read More
The nabobs and panjandrums of the World Economic Forum (WEF) met up at Davos, Switzerland, this past week to lay plans for their latest assault on humanity.This year's theme is "Rebuilding Trust." Did you just blow your coffee through your nose?The outfit that coordinated the world-wide Covid-19 response (that perhaps birthed the very concept of Covid-19 itself), and especially pushed mRNA vaccine...Read More
Dakota Gold Corp. releases more assay results from the historic Homestake District of South Dakota, including its highest-grade intersection to date. One analyst writes about the potential for further targets.Dakota Gold Corp. (DC:NYSE American) released assay results from a drill hole at its Maitland Gold Project in the historic Homestake District of South Dakota that included the highest-grade i...Read More
Bob Moriarty of 321 Gold discussed the state of the gold and silver market with Streetwise Reports, and provided a look at his favorite companies this month. Analyst Bob Moriarty, founder of 321 Gold and 321 Energy, spoke with Streetwise Reports about recent downturns in the gold and silver market.Moriarty believes that current events, especially rising tensions in Israel and Ukraine and recent te...Read More
NevGold Corp. announced it has exercised the option to acquire 100% of the Nutmeg Mountain gold project in Washington County, Idaho. The company just released an updated resource estimate for the project last year.NevGold Corp. (NAU:TSX.V; NAUFF:OTC; 5E50:FSE) announced it has exercised the option to acquire 100% of the Nutmeg Mountain gold project in Washington County, Idaho.As part of NevGold's...Read More
A recently signed agreement in this regard "represents a significant step forward" in advancing this asset in British Columbia, noted a Noble Capital Markets report.Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) and the McLeod Lake Indian Band (MLIB) entered an agreement to collaborate on the design of the Wicheeda project in British Columbia, Mark Reichman, managing director and equity r...Read More
Seabridge Gold Inc. recently released an updated PFS, according to a Red Cloud Securities report.Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) released an updated preliminary feasibility study (PFS) for its 100%-owned Courageous Lake gold project in the Northwest Territories, reported Red Cloud analysts Taylor Combaluzier and David Talbot in a January 17 research note.The study outlines improved econ...Read More
(IDEX Online) - Kiran Gems has moved staff out of the new Surat Diamond Bourse (SDB) just months after it opened, and back to Mumbai's Bharat Diamond Bourse (BDB). It's a blow for the brand new $388m SDB - the world's largest office building - which opened last November but has so far failed to attract major tenants aside from Kiran.Kiran Gems is a privately-owned company, desc...Read More
(IDEX Online) - Australian jeweler Michael Hill has closed six under-performing stores and axed some senior positions amid "challenging" retail conditions.Sales actually rose by 4.1 per cent during the half year ending 31 December 2023, to US$239m (AUS$362.8m), across the 302 outlets in Australia, New Zealand and Canada.Australia and New Zealand saw retail revenue rise by just over 10 per cent. St...Read More
(IDEX Online) - Canada's vast, frozen Nunavut territory has been granted control over its natural resources in a move that could attract prospectors seeking diamonds, gold and other deposits.De Beers is among a small number of miners which already have interests in the sparsely-populated Arctic region. It is seeking approval for the Chidliak Project, a diamond deposit on Baffin Island, Canada...Read More
(IDEX Online) - Christie's New York is to sell a collection of 32 watches owned by Sir Elton John, as part of a unique home clearance.The 76-year-old Rocketman singer is auctioning the contents of his home on Peachtree Road, Altanta, USA, (after which he named his 2004 album) in a series of eight sales. John, one of the top-selling solo artists of all time, is a passionate watch collecto...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EST.United Airlines advanced $2.59 to $41.07 after reporting higher than consensus fourth quarter earnings. Zions Bancorp dropped $0.26 to $43.05 after reporting lower than consensus fourth quarter results.MMM dropped $5.00 to 103.02 after lowering first quarter 2024 guidance. Procter & Gamble a...Read More
Is inflation over? Actually, no. And it may be getting worse.Let's begin the analysis with the latest data. Last Friday, the Bureau of Labor Statistics reported that inflation (as measured by the Consumer Price Index, CPI, on a year-over-year basis) was 3.4%.That's practically the Federal Reserve's worst nightmare.Here's why: The Fed stopped raising interest rates last July. At that time, they set...Read More
Bust out the bubbly, the S&P 500 is hitting new all-time highs!What's that you say? Not in a partying mood?You're not alone. In fact, there's a large contingent of investors who aren't dancing in the streets following Friday's push to fresh highs.Yes, the S&P is soaring with nothing but blue skies above after teasing potential breakouts earlier this month and during the final week of 2023....Read More