Andy Schectman head of respected bullion dealer Miles Franklin joined us. Business is good. Perhaps more people are looking for the ultimate safe haven that precious metals afford. We examined several precious metals market anomalies and there are lot more. The gold silver ratio at around 84-1 is completely out of whack. The premium on junk silver is running less than one percent. Platinum prices...Read More
Max Sali, CEO of Defense Metals, speaks with Peter Epstein of Epstein Research about the latest developments at his company's REE project in British Columbia. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB) is a great name. The company is defending against Chinese dominance of Rare Earth Elements (REEs), and Defense Departments require select REEs to defend their countries! Several REEs are very d...Read More
A CIBC report itemized the revisions and noted their cumulative impact. In a March 11 research note, analyst Anita Soni reported that CIBC lowered its price target on Goldcorp Inc. (G:TSX; GG:NYSE) to US$12 per share from US$12.50 (current share price is about US$10.93) after adjusting its model on the major "to reflect 2019 guidance, year-end results and technical reports." Soni noted CIBC made...Read More
LONDON, 14 March 2019 - Comment from BullionVault today leads the latest gold-market report from US investing news-site MarketWatch."Underlying physical demand is recovering as prices hold below February's multi-month highs," MarketWatch quotes Adrian Ash, director of research.But for now, the latest moves in the UK Parliament to delay or even suspend Brexit beyond 29 March is "boosting risk-on se...Read More
Haveyou heard of Alexandria Ocasio-Cortez?At29 years old, she’s the youngest Congressperson in history.Alsoknown as “AOC,” Cortez is quite a sensation among young left-leaning folks. Nosurprise, she’s often referred to as the Democratic version of Trump. 2.4million fans follow her on Twitter.Likeany socialist, AOC is full of “ideas.” Most of them involve taking...Read More
“The best thing you can do is know how to have a balanced portfolio.” Ray Dalio, Bridgewater Associates “The Flash Boys story put in jeopardy billions of dollars of Wall Street profits and a way of financial life.” Michael Lewis What’s the line in that popular song. . . . “Are you happy in this modern world?”In an article headlined Robots conquered...Read More
By: IRA EPSTEINGold at 18-DMA. Bearish momentum being lost. Gold price figuring out what to do next:Read More
Boeing has bounced very precisely from the 363.20 midpoint pivot shown, validating the pattern and its very bearish 'D' target at 323.72. This means that if and when the bounce from today's low sputters out and the stock relapses beneath 363.20, it could fall all the way to 323.72, or 14%, in search of traction. The secondary pivot at 343.46 would become our minimum downside objective at that...Read More
By: Stefan Gleason, In a once rare property crime now trending higher around the world, thieves are stealing precious metals from automobiles.These opportunistic criminals don't bother rummaging through glove compartments in the hope of finding stashed jewelry or gold coins. Instead, they go for the near certain score of exposed catalytic converters.A car's catalytic converter is attached to its...Read More
PDAC 2019 EVENT HIGHLIGHTSThe 2019 Prospectors & Developers Association of Canada's (PDAC) Convention proved to continue on its' annual path of success.Attendance during the week was quite strong with a definite buzz of high energy.I once had again had the opportunity to speak at the newsletter writer's presentation organized by Sprott Inc. and Peter Bojtos on the first day of the Convention. This...Read More
Market sentiment weak, with select categoriesseeing demand. Diamonds between 0.70 ct. and 1.99 ct. moving well, but largestones slow. Sluggish demand for goods under 0.50 ct., with manufacturersreducing production of that size. Rough market subdued. Alrosa Jan.-Feb. sales-40% to $627M. Belgium Feb. rough imports -28% to $621M, polished exports -3%to $1.2B. Gem Diamonds 2018 revenue +25% to $267M,...Read More
Sentiment cautious, with selective interestin smaller sizes. Surplus of +11 goods has placed pressure on prices. Firmstrading rough rather than manufacturing, creating shortages in certain meleecategories. Slow demand for diamonds under 0.50 carats, but better sales ofround, 1 ct. stones. Dealers seeing stronger orders from US than China, withcertified goods easier to sell than uncertified. Liquid...Read More
RAPAPORT... Gem Diamonds has announced the sale of a 13.33-carat pinkdiamond, discovered in February at its mine in Lesotho, for $8.8 million. The tender sale, which took place in Antwerp, represents a record per-caratprice of $656,933 for the company, it said Thursday. The result builds on a successful 2018 for Gem Diamonds, which morethan doubled its profits to $46.6 million, it reported. The mi...Read More
RAPAPORT... Alrosa has begun accepting payments in euros, as it continues to test the waters with currenciesother than dollars. The move, which currently extends to only one of its Chinese clients, is an attempt to avoid theconsequences of future US sanctions on the Russian miner, according the SouthChina Morning Post. That publication identified the client as Hong Kong-based jewelryretailer...Read More
RAPAPORT... Pandora chairman Peder Tuborgh is set to leave the Danishjewelry maker. This comes just one month after the company appointed veteranconsumer-brand executive Alexander Lacik as its new CEO. These significant leadership changes form part of thecompany's strategic initiative to combat disappointing sales figures, asluggish retail market, and problems with its new jewelry lines. In 2018...Read More
Researchers of the Fraser Institute reported that for the first time in more than five years, all three territories in Canada's north are among the top 15 most attractive regions for mining investment worldwide. This includes areas that hold potential for investments in diamond mining. Every year, the Fraser Institute surveys miners around the world to determine which jurisdictions are attractive...Read More
ALROSA, the Russian diamond miner, held an auction in Vladivostok for rough diamonds over 10.8 carats. The overall revenue amounted to $9.1 million. The company auctioned 125 rough diamonds, weighing 2,090 carats total, to 24 companies from the largest centers of the diamond trade. "The first auction this year in Vladivostok completed with good results. The assortment is still in demand among the...Read More
A delegation of the heads of the Israel Ministry of Economy and the leadership of the Israel Diamond Exchange (IDE) visited Angola earlier this month and met with key officials in the country's rough diamond sector. Initiated by IDE, the visit's objective was to take advantage of changes in Angola's diamond marketing policy and consequently increase direct rough diamond sales to Israel. The delega...Read More
The Women's Jewelry Association (WJA) hosted the inaugural Women Executives Forum in New York City to build purposeful relationships among top women leaders across the jewelry and watch sectors. Held in celebration of International Women's Day, nearly 25 leaders discussed ways to:?EUR? Identify and develop female leaders?EUR? Prepare for the future of jewelry retail - and the rise of th...Read More
Gem Diamonds announced it sold a 13.33 carat pink diamond recovered at the Letseng mine in February 2019 at a tender in Antwerp for US$ 8,750,360. This represents a record dollar per carat price of US$ 656,933 for a Letseng diamond. Earlier this week, the firm published its year-end results for 2018,reportin a revenue of $267.3 million, compared to $214.3 million in 2017. Gem Diamonds It recovered...Read More