The S&P is pacing for another high After hitting fresh highs on Monday, stocks are eyeing more upside this morning, as futures trade above fair value. The Dow Jones Industrial Average (DJI) is poised for an almost triple-digit gain at the open, continuing to push back against coronavirus headwinds. Traders will also be digesting Fed Chair Jerome Powell's testimony on Capitol Hill today, along with...Read More
The firm posted better-than-expected fourth quarter earnings, but revenue that missed the mark The shares of toymaker Hasbro, Inc. (NASDAQ:HAS) are traveling higher after a mixed fourth-quarter earnings report, where the company posted profits of $1.24 per share, which beat analysts' estimates, but $1.43 billion in revenue which fell below the projected $1.44 billion. The firm attributed its holid...Read More
Stewart Thomson, Graceland Updates 1. To view the only virus more concerning than Corona, please click here now. The global government debt virus!2. In America, the government's debt to GDP ratio is now three times the level it was when Ronald Reagan got elected. Simply put, Donald Trump doesn't have the wiggle room that "Jellybean Ron" did... to ramp up debt, produce GDP growth with...Read More
By: Ira EpsteinGold has been drifting short-term. Higher high, higher low -- not a trend:Read More
Unless the real impact of the corona virus is known, gold will range trade while industrial metals will rise. Volatility will rise from today. Trade very carefully. US economic data releases will have to beat street expectation this week for gold price to move into a short term bearish phase. In February gold prices have been falling on Singapore open. This suggest lack of physical demand in Asi...Read More
Clint Siegner, Money MetalsThe U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheat...Read More
Stewart Thomson, Graceland Updates 1. To view the only virus more concerning than Corona, please click here now. The global government debt virus!2. In America, the government's debt to GDP ratio is now three times the level it was when Ronald Reagan got elected. Simply put, Donald Trump doesn't have the wiggle room that "Jellybean Ron" did... to ramp up debt, produce GDP growth with...Read More
By: Ira EpsteinGold has been drifting short-term. Higher high, higher low -- not a trend:Read More
Unless the real impact of the corona virus is known, gold will range trade while industrial metals will rise. Volatility will rise from today. Trade very carefully. US economic data releases will have to beat street expectation this week for gold price to move into a short term bearish phase. In February gold prices have been falling on Singapore open. This suggest lack of physical demand in Asi...Read More
SASKATCHEWAN - IsoEnergy reported that two new intersections of strong radioactivity in initial drill holes were detected during the winter drilling program at the Hurricane zone at its Larocque East project.The property is located in the eastern Athabasca Basin of Saskatchewan, in the Canadian prairies.In a press release, IsoEnergy said that, in the new discovery of high-grade uranium mineralizat...Read More
RAPAPORT... Dominion Diamond Mines has named Patrick Merrin as its interim CEO, replacing Shane Durgin, who has left to pursue other opportunities. Merrin, who assumes the role with immediate effect, joined parent group Washington Companies as chief operating officer for mining last month. He will serve in both capacities to ensure a "seamless transition in leadership" while it identifie...Read More
RAPAPORT... When millennials tuck into their avocado toast, they probably don't realize they're going along with a successful marketing campaign that began decades ago. Sales and prices of the slippery green fruit have soared since the 1990s thanks to subtle efforts by avocado producers to reposition the once-unpopular item as a healthy, trendy food.The diamond industry has gone the opposite way....Read More
RAPAPORT... Grib Diamonds has started buying rough in Angola, as a new company structure has enabled it to diversify beyond its one mine in Russia.The Antwerp-based company, which markets most of the Grib deposit's diamonds, is looking to source goods from a broader range of locations.Grib Diamonds is now a subsidiary of AGD Diamonds, which operates the site in the Arkhangelsk region, whereas...Read More
(IDEX Online) - CIBJO, the World Jewellery Confederation, will hold its 2020 annual congress in Dubai, United Arab Emirates (UAE), from October 5 to October 7. The 2020 congress will be hosted by DMCC (Dubai Multi-Commodities Centre) with pre-congress meetings taking place on October 3-4.The congress serves as the official gathering place for the World Jewellery Confederation's Assembly of De...Read More
Synthetic diamond producer Element Six, part of De Beers Group, has welcomed the successful conclusion of its patent infringement lawsuit against a Singaporean diamond producer.The High Court of Singapore found that the Singaporean diamond producer had infringed an Element Six patent for proprietary synthetic diamond products and their methods of manufacture.AdvertisementThe patent relates to the...Read More
(Press Release) - IDEX and Yehuda Diamond Company are pleased to announce that IDEX is now using the Sherlock Holmes Detector to check single and melee stones as part of its authentication process in Antwerp. The two companies are also making the detector available for any supplier who wants to check their diamonds at the IDEX Office. The Sherlock Holmes Detector is a manually oper...Read More
(IDEX Online) - Over 300 international buyers from 18 countries arrived in Ramat Gan for the International Diamond Week in Israel, which opened yesterday. Of these buyers, 110 were in Israel for the first time. "This year, a record number of buyers and delegations from around the world have arrived here," said IDE president Yoram Dvash at the opening ceremony. He also noted that the total num...Read More
(IDEX Online) - The Alrosa Group has announced that it sold $405 million worth of rough and polished diamonds in January. That's an increase of 44 percent year-over-year. The company said rough diamond sales to third parties amounted to $390.2 million, with polished diamond sales reaching $14.8 million."January saw steady demand for rough diamonds as cutters continued restocking on the b...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe copper producer will withdraw from White Rock Minerals' Red Mountain zinc project in Alaska, after having spent A$8.5 million on explorat...Read More
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