Masked Bike RidesOverly OptimizedExogenous CausesSilver LiningsA SuggestionNew York and Final ThoughtsIn baseball, there is a kind of pitch called the "changeup," designed to look like a fastball while actually going slower. The deceived batter swings too soon and misses. Strike, you're out. The world has thrown a wicked biological changeup at the global economy.This is kind of how coronavirus f...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMBy Ed Steer07 March 2020 -- Saturday YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMGold's two tiny rallies in Far East trading on their Friday were dealt with in the usual manner. But starting about fifteen minute before the London open, a rally of some substance appeared. That was capped at, or just before, the 10:30 a.m. GMT morning g...Read More
By: Ira EpsteinGold showing higher highs and higher lows on the weekly, 18-week moving higher quickly..Read More
Here are five Fastmarkets stories you might have missed on Friday March 6 that are worth another look.Most flat steel import prices in South America have remained unchanged in the week ended March 6, in a market lull before the start of negotiations for May shipments, although sellers were indicating that more expensive offers would be presented in the weeks ahead.The International Copper Study Gr...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMBy Ed Steer07 March 2020 -- Saturday YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMGold's two tiny rallies in Far East trading on their Friday were dealt with in the usual manner. But starting about fifteen minute before the London open, a rally of some substance appeared. That was capped at, or just before, the 10:30 a.m. GMT morning g...Read More
By: Ira EpsteinGold showing higher highs and higher lows on the weekly, 18-week moving higher quickly..Read More
Masked Bike RidesOverly OptimizedExogenous CausesSilver LiningsA SuggestionNew York and Final ThoughtsIn baseball, there is a kind of pitch called the "changeup," designed to look like a fastball while actually going slower. The deceived batter swings too soon and misses. Strike, you're out. The world has thrown a wicked biological changeup at the global economy.This is kind of how coronavirus f...Read More
RAPAPORT... Belgium's polished-diamond exports dropped 55% to $560 million in February, reflecting a slowdown in the market due to the coronavirus. However, rough imports grew, continuing a trend that began in January, data from the Antwerp World Diamond Centre (AWDC) showed. Belgium Trade Data for February 2020Read More
RAPAPORT... Alrosa has pledged to remain flexible with its supply policy during the current industry downturn, as the coronavirus has left clients unsure how much rough to buy."The virus has triggered uncertainty, and our clients are prudent about the situation and the new challenges we face," Alrosa deputy CEO Evgeny Agureev said following a meeting with the trade in Antwerp last week.The di...Read More
RAPAPORT... Nonprofit organization Mercury Free Mining (MFM) will refine and further test equipment that may eliminate the use of mercury in gold processing following positive trial results.Small-scale miners in Ghana used Goldrop, a new separation process created by Sluice Goose Industries, in their daily mining activities over a 10-day period. Results were monitored by MFM together with the...Read More
RAPAPORT... Gem Diamonds has recovered five large, high-quality stones at its Let??eng mine in Lesotho, it said Friday.The company unearthed four white diamonds weighing 88, 56, 53 and 33 carats between February 28 and March 3. It also found a "top-quality" 13-carat pink diamond. Those are in addition to the recovery of a 114-carat stone the miner reported last week. It found a 183-carat, whi...Read More
RAPAPORT... The Canadian Jewellers Association (CJA) has issued a guide to advertising lab-grown diamonds in response to a rise in marketing of the product to consumers in the country.The CJA based its rules on a number of Canadian legal sources, including the Competition Act and the Canadian Guidelines for Gemstones. It also takes into account the US Federal Trade Commission's (FTC) Jewelry...Read More
(IDEX Online) - Diamond billionaire Beny Steinmetz has had his assets frozen in an ongoing compensation row with the Brazilian mining giant Vale, according to a report in the Daily Telegraph newspaper.His mining company Beny Steinmetz Group Resources (BSGR) is embroiled in a bitter and long-running compensation battle with Brazilian mining giant Vale over an ill-fated iron ore joint venture in the...Read More
(IDEX Online) - Fears over coronavirus have forced the cancelation of this year's GIA's career fair.Hundreds of job seekers had been due to attend the annual event in New York on 13 March.Organizers of the GIA Jewelry Career Fair, which attracted over 400 students last year, hope to rearrange the event.Spokseman Stephen Morisseau said: "Due to evolving concerns about the coronavirus, we...Read More
"We are delighted to welcome @AusVanadium to the stage on 23rd Marchin front of over 250 investors. #AustralianVanadiumis an emerging vanadium producer developing the high-grade Australian Vanadium Project in Western Australia. See them in action: https://t.co/9KSR6e1UiX"Read full newsRead More
In the Peruvian highlands, a refinery said it had found a sustainable source of artisanal gold. Prosecutors suspect its main supplier was a front for dirty money. What went wrong?Read full newsRead More
In the Peruvian highlands, a refinery said it had found a sustainable source of artisanal gold. Prosecutors suspect its main supplier was a front for dirty money. What went wrong?Read full newsRead More
"Coronavirus highlights critical need for diversity in the battery metals supply chain Featuring comments from Mitchell Smith, president of Global Energy metals (#GEMC $GEMC @EnergyMetals) https://t.co/qciUYPUq4G"Read full newsRead More
Grasberg (pictured) is the world's second-largest copper mine, as well as being one of the five-biggest gold mines.( Screenshot from Time-lapse video | YouTube.) Freeport-McMoRan (NYSE: FCX) announced on Monday that it will grow its copper and gold volumes by 30 to 40%.The company also said it will reduce net unit cash costs of copper by 25% to approximately $1.30 per pound and more than double...Read More
Endeavour's Agbaou Gold mine in C??te d'Ivoire. Image from Endeavour. Endeavour Mining (TSX:EDV) on Monday reported that its 2019 production increased by 6% year-on-year to 651,000 oz at an all-in sustaining cost (AISC) of $818/oz, meeting guidance for the 7th consecutive year.But annual output was at the bottom end of the 650,000-695,000 oz guidance range due to the slower-than-expected ramp-up...Read More