(IDEX Online) - The Kimberley Process today is under renewed pressure to review its definition of conflict diamonds as it concludes a closed meeting today (31 January) in Dubai.KP Civil Society Coalition (KPCSC), the observer group of mostly African diamond-producing countries, says in a statement that such a move is long overdue, especially given Russia's invasion of Ukraine."Civil society i...Read More
(IDEX Online) - Alrosa and Endiama are reported to be heading for a messy divorce over Catoca, the world's fourth biggest diamond mine.The Russian and Angolan mining companies, both state-controlled hold 41 per cent and 59 per cent stakes respectively in Sociedade Mineira de Catoca, the company that operates the mine.Angola is pushing for Alrosa to withdraw unconditionally from the venture, a...Read More
(IDEX Online) - Sisters Chloe and Halle Bailey, who found fame as singing duo Chloe X Halle, are Pandora's newest global ambassadors, together with actress Selma Blair, best known for the movies Cruel Intentions, Legally Blonde and The Sweetest Thing.They're part of a new new brand campaign "Be Love", designed to broaden consumer perception of Pandora as a full jewelry brand, beyond the...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 25 points at 8:35 AM EST.The Canadian Dollar added 0.08 to US74.56 cents following release of Canada's November GDP report at 8:30 AM EST. Consensus was an increase of 0.1% versus no change in October. Actual was an increase of 0.2%.Microsoft dropped $5.59 to $403.00 despite reporting higher than consensus fiscal seco...Read More
Today we sink to both knees... in gobsmacked awe.We genuflect in praise. And we sing hosannas to the government of the United States.Why?That is because the United States government has attained the impossible:Constructed initially under a regime of "limited government"… it has shattered all its shackles... and become the largest government to ever occupy Earth.That is correct.Never has a na...Read More
Michael Ballanger of GGM Advisory Inc. shares one stock he believes is a one-stop-shop for copper and gold investors.Freeport-McMoRan Inc. (FCX:NYSE) is the world's largest producer of molybdenum, is a major copper producer, and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.If you are a copper and gold bull (as I am), you have to like the idea of "one-stop-shopping"...Read More
Dakota Gold Corp. recently announced positive drill results, according to Agentis Capital.Dakota Gold Corp. (DC:NYSE American) announced positive drill results from its Richmond Hill project in South Dakota's Homestake district, according to a January 31 research note from Agentis Capital analysts Michael Gray and Jake Savage.The eight holes contained high-grade rare earth element (REE) mineraliza...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on American Eagle Gold Corp.'s stock to explain whether he believes it is a Buy.Note the action on American Eagle Gold Corp. (AE:TSXV) with a print just a penny below the all-time high at CA$0.50 on 618,176 shares volume on a day when everything was in the red. I continue to pound the table on this issue as the NAK discovery is real and bi...Read More
Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwindWe have used this daily chart of the gold stock ETF, GDX in written and video updates to keep NFTRH subscribers apprised of the progress of the bounce from the early October low (after previously using the chart to manage the long correction that began with the May double top). Let’s upd...Read More
Crisis, crisis everywhere. But objective, free from the noise of the news, forecasting of commodity prices starts here, with our free Special Report ($155 value). The geopolitical landscape is wracked. War in Ukraine, humanitarian crisis in Syria, and now, what Vox Media on October 15 called the "worst conflict in decades" between Israel and Hamas. For mainstream analysts who use news as the main...Read More
Silver has been a major underperformerin recent months, as the white metal proved no match for higher real yields anda stronger USD Index.With silver gunning for its 2023 lows,the recent sell-off has done severe technical damage. And while the weaknesshas been a boon for our GDXJ ETF short position, silver could enjoy ameaningful bounce in the weeks ahead. Yet, the technicals are much better...Read More
Precious metals markets got hammered earlier this week asinterest rates continued their relentless march higher. The 10-year Treasury note recorded its highest yieldsince 2007. Meanwhile, the average conventional 30-year mortgage rate surged to7.31% -- a level not seen since 2000. Higher rates are putting pressure on housing andfinancial markets. They are also hitting consumers and small businesse...Read More
With the fundamental roadblocks addingup, silver confronts a bearish outlook at nearly every turn.With the FOMC’s hawked-up SEP andPowell’s inflation focus upending several risk assets, rising real interestrates continue to weaken silver’s bull thesis.And with the Fed chief promising more of the same on Sep. 20, higher interest rates and/or a recessionare both bullish f...Read More
Fears of inflation remaining stubbornly high, andinterest rates going higher, rattled financial markets this past week. On Wednesday, the Federal Reserve left its benchmarkfunds rate unchanged as expected. However, Fed chairman Jerome Powell left thedoor open for another hike in the near future. He also suggested rates may needto stay higher for longer than previously expected. By Thursday, invest...Read More
Fed hawkishness hasbeen the rankling thorn in gold’s side for 18 months now. Since the Fed started this monster rate-hikecycle, every material gold and gold-stock selloff has been driven by the threatof more rate hikes. Those boost the US dollar,triggering gold-futures selling. But theFed’s hawkish spell over traders is waning. Gold and the miners weathered this...Read More
IDEX Online) - Rough sales showed some early signs of recovery at De Beers' first sight of the year. The UK-based miner said yesterday (31 January) that demand was increasing but cautioned that a full recovery would take time. Total sales (provisional) for Cycle 1 were $370m as India resumed purchases after a two-month moratorium and US consumer spending increased during over the holiday seas...Read More
(IDEX Online) - Sanctioned Russian miner AGD Diamonds has announced its first "extra large" recovery of 2024 - a 52.47 carat gem quality diamond.AGD produces diamonds from the Grib diamond pipe - named after Russian geologist Vladimir Grib - 130km from Arkhangelsk, in north-west Russia.Its Belgium-based subsidiary, Grib Diamonds, was also sanctioned when the US responded to the invasion of Ukraine...Read More
(IDEX Online) - A hesitant start to 2024. Round prices started to pick up in December, but haven't followed through in January. And fancies sustained some significant losses during the month. We're in the lull between the holiday season and Valentine's Day, and nobody's really sure which way prices are moving. India's two-month moratorium is credited with sparking some rec...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EST.C H Robinson dropped $5.09 to $79.00 after reporting lower than consensus fourth quarter earnings. QUAL COMM dropped $1.51 to $147.00 despite reporting higher than consensus fourth quarter revenues. MetLife dropped $2.72 to $67.00 after reporting lower than consensus fourth quarter earnings. Ro...Read More
In this episode, Dr. Rob Stevens teaches investors about the trends and opportunities in critical metals investing. Dr. Stevens ...Read More