On September 1, 2019, diamonds, gems and jewelry imports from China will be slapped with a 10 percent tariff, affecting some $13 billion worth of goods that are expected to be imported toward the holiday season. US jewelry industry leaders have been trying to avert the verdict but in spite of their efforts, which included a high-brow delegation led by David Bonaparte of Jewelers of America (JA) to...Read More
The De Beers Group published the following announcement on Friday August 16: "De Beers Group is shocked and saddened by the sudden death of Albert Milton, Managing Director, Debswana, the 50/50 joint venture between the Government of the Republic of Botswana and De Beers Group. Albert became unwell in Johannesburg on Thursday evening. He was admitted to hospital but died early this (Friday) morni...Read More
You won't find 'tizzy' among the 2,500 words in the Dictionary of Economics, but it's a good word to use if you're talking to your grandmother.Read full newsRead More
"The stock price of most #energy companies are highly correlated to the rise and fall of #oil and #gas prices. Is #Exxon's #dividend safe? Read this Seeking Alpha contributor's analysis and join the discussion here. https://t.co/M5SETmMzo5 #investing #stocks #dividends #trading"Read full newsRead More
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"Resource Big News Roundup: Angkor Receives Approval for Cambodian Oil and Gas Concession; Progressive Planet Receives Largest Order for Rock Dust; Giyani Announces Positive PEA for its Manganese Project in Botswana https://t.co/6o8tkuZMDb #resource #batterymetals #preciousmetals"Read full newsRead More
Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) ("Columbus") is pleased to provide an update on the Montagne d'Or gold project.Montagne d'Or continues to garner strong local support as a catalyst for economic growth of French Guiana.As required by French regulations, the Montagne d'Or joint-ventureRead full newsRead More
You won't find 'tizzy' among the 2,500 words in the Dictionary of Economics, but it's a good word to use if you're talking to your grandmother.Read full newsRead More
The major gold miners' stocks have soared in recent months, fueled by gold's decisive breakout to new bull-market highs. Nothing motivates traders like performance, so interest in this long-neglected sector has exploded. While gold stocks' technicals and sentiment have greatly strengthened, their just-reported Q2'19 results reveal whether their underlying fundamentals support their powerful surge...Read More
Richard Milhous Nixon did some very, very historic things in his storied career.Many of you probably lived through them...He was a lawyer, a U.S. representative, a senator, a vice president, the 37th President of the United States, the only president to resign the office, and - years later - resurrect his presidency as a disembodied cartoon head.He had quite a career is all I'm saying.Now, I'm not...Read More
Aug 19, 2019 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures Silver has quite a bit of upside potential left, and once the gold-silver ratio breaks below the 200-day moving average, it could be "game on" for silver prices, this according to Phil Streible, Senior Market Strategist of RJO Futures. "I think a $20 year-end target on silver or $1,600 on gold is completely not out of...Read More
The major gold miners' stocks have soared in recent months, fueled by gold's decisive breakout to new bull-market highs. Nothing motivates traders like performance, so interest in this long-neglected sector has exploded. While gold stocks' technicals and sentiment have greatly strengthened, their just-reported Q2'19 results reveal whether their underlying fundamentals support their powerful surge...Read More
Nickel's three-month price on the London Metal Exchange was lower at the close of trading on Monday August 19, dipping below the $16,000-per-tonne support level amid a broadly low turnover across the complex, while a steady uptick in lead lead gains over the afternoon. Closing at $15,920 per tonne, nickel's futures price failed to close above its nearby support level after breaching the mark last...Read More
Imperial Metals has completed the sale of a 70% stake in its wholly-owned Red Chris copper and gold mine in British Columbia, Canada to Newcrest Mining, creating a joint venture with Newcrest as the operator.The deal, initially announced in March, aims to use Melbourne, Australia-based Newcrest's block-caving expertise to mine the deep resource beneath the current open pits and exploit high grades...Read More
Xinjiang Xinfa Aluminium, a subsidiary of Xinfa Group, was heard to have closed 500,000 tonnes of aluminium production operational lines at its plant in Xinjiang province, China due to an incident at its electrical transformer on August 18, sources told Fastmarkets on Monday August 19.The total closure period is said to last at least three months while other sources have heard that the production...Read More
Bob Moriarty ArchivesAug 19, 2019After being bugged unmercifully by a couple of my so-called friends, I finally sat down in early January to write a tome about investing in resource stocks. It took me sixteen days to write. And another four weeks to get the cover and layout right. I had some important charts in it that couldn’t be shrunk and still understood.A couple of days ago I was reachi...Read More
Europe's high carbon ferro-chrome market dropped by over 4% to its lowest level in more than ten years amid weak demand, while the UG2 chrome ore index fell on aggressive bidding. European alloy price at lowest since May 2009 Chrome ore prices weaken in China Domestic and imported alloy prices hold in China Alloy prices hold in East Asia US price holds amid inactivity The E...Read More
Bob Moriarty ArchivesAug 19, 2019As regular readers will remember I have been calling for a general stock market top in late summer followed by a major crash in September/October. In my opinion we could well have a serious liquidity event. If that happens everything that will catch a bid will be dumped. It will be a great time to pick up the low hanging fruit just as it was in late 2008. I have be...Read More
Fastmarkets published its cif Tianjin and fob Port Elizabeth manganese ore indices later than scheduled on Friday August 16 because of a technical issue. The following prices were published in Fastmarkets' price book later than scheduled: Manganese ore 37% Mn, fob Port Elizabeth, $/dmtu Manganese ore 44% Mn, cif Tianjin, $/dmtuManganese ore index 37% Mn, cif Tianjin, $/dmtuThe Fastmarkets price bo...Read More
Xinjiang Xinfa Aluminium, a subsidiary of Xinfa Group, was heard to have closed 500,000 tonnes of aluminium production operational lines at its plant in Xinjiang province, China due to an incident at its electrical transformer on August 18, sources told Fastmarkets on Monday August 19.The total closure period is said to last at least three months while other sources have heard that the production...Read More