The gold and silver bull markets have beenon a roller coaster ride for almost two decades. Gold came to life in 2000, withsilver crawling along between $4 and $5 until late 2003, making its first printabove $10 in March 2006. Thenext two years saw the last part of a 400% up-move for those who "kept thefaith," before silver dropped below $9 during the 2008 global financialmeltdown.Thenit...Read More
By: IRA EPSTEINSpecial Video in lieu of the daily metals update: Moving Averages:Read More
Dear Trader,I was recently on the Keiser Report with Max Keiser discussing Why Deflation, Not Inflation, Will Do Us In.(Interview begins just after the 14-min. mark)No one disputes that Americans owe far more than they will ever be able to repay. This includes future obligations to ourselves, such as Social Security, and public and private pension plans. Some believe "the Government" will...Read More
By: Gary ChristensonOur Current Financial Circumstances:The U.S. is $22 trillion in debt and burdened with $100 - $200 trillion more in unfunded liabilities. Just to pay the interest the U.S. must borrow. Debt is rapidly rising and cannot be paid unless "they" default or hyper-inflate the dollar.Chairman Jerome Powell stated, "The U.S. federal government is on an unsustainable path." Even the Fe...Read More
RJC has launched its new Code of Practices (COP).The COP defines responsible, social and environmental business practices for companies in the jewelry supply chain and commits members to adhere to a robust set of comprehensive auditable standards. This is the third occasion for RJC to adapt its COP since being formed in 2005. The changes reflect "the evolving needs of the industry and demands of c...Read More
The local mining landscape has changed significantly in the quarter century following Nelson Mandela’s inauguration as the first democratically elected President of South Africa.While the industry has waned in terms of global production and research, it has made significant strides with regard to safety, diversity and transformation – mirroring the intent of the Constitution, which pri...Read More
The World Diamond Council (WDC) on Wednesday presented an overview of its revised System of Warranties (SoW) at the thirteenth Forum on Responsible Mineral Supply Chains of the Organization for Economic Cooperation and Development (OECD), in Paris.During the presentation, WDC president Stephane Fischler described the revised SoW as an essential building block for participants in the diamond supply...Read More
LONDON – More than 40-million people around the world work in artisanal and small-scale mining where minerals including gold, diamonds and cobalt are dug up often by hand, a report by the World Bank and development organisation Pact said on Wednesday.Increasing demand for metals and rising prices have triggered a boom in small-scale mining in recent years, mainly in poorer countries in South...Read More
The most valuable stone recovered to date at Aim-listed Firestone Diamonds’ Liqhobong mine, in Lesotho, was sold in March, along with a number of other high-value diamonds.The company’s sales for the third financial quarter, ended March 31, included the record 70 ct white diamond and a 46 ct white diamond, while the company reported signs of recovery in prices realised for the smaller,...Read More
Diamond miner De Beers’ rough diamond production for the quarter ended March 31 decreased by 8% year-on-year to 7.9-million carats, driven by lower output at its South African operations.De Beers Consolidated Mines, in South Africa, attributed its 65% year-on-year decrease in output to 400 000 ct to lower mined volumes at the Venetia mine, as it approached a transition from openpit to underg...Read More
The rough diamond market is showing signs of stability and early signs of a potential price recovery in the cheaper run-of-mine products, Canadian miner Mountain Province VP of diamond marketing Reid Mackie said on Thursday.He reported that the company, whose primary asset is its 49% interest in the Gahcho Kué mine in the Northwest Territories with De Beers Canada, has had a strong start to...Read More
Eastern promise for PolarXSPONSOREDpolarxKAZ produced 70,000 tonnes of copper over the January-March period, up 4% year-on-year.Read More
Eastern promise for PolarXSPONSOREDpolarxThe met coal division, which CEO Mark Cutifani said had accounted for 80% of the quarter-on-quarter output reduction, produced 4.Read More
Eastern promise for PolarXSPONSOREDpolarxTeck has undertaken an internal process to look at which copper projects it wants to develop itself, which it will develop in partnership with other companies and which it will seek to monetise.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 point in pre-opening trade. Index futures were mixed following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was an increase to 200,000 from 193,000 last week. Actual was 230,000. Consensus for March Durable Goods Orders was an increase of 0.8% versus a revised decline of 1.1 in Februar...Read More
In case you missed part I yesterday, I was talking about Elizabeth Warren's new plan to erase outstanding college debts for roughly 45 million Americans and then make college "free" for everyone going forward.Now, there's no doubt that spiraling college costs - and a rapidly-growing pile of student loan debt - IS a problem.Indeed, as I pointed out yesterday, the average tuition and fees at a four-...Read More
Last summer on June 28th, I wrote to you and identified Air Canada (ACDVF) as a tremendously undervalued stock.Since then the rest of the market has caught onto the Air Canada story as the share price has subsequently risen more than 50 percent.I’m thrilled with how this has played out for us...But I don’t think that the Air Canada story is done.This stock is still BY FAR the best valu...Read More
An associate professor of metallurgical and materials engineering received the Faculty Excellence Award while the Department of Applied Mathematics and Statistics swept the Mines Teaching Awards at Colorado School of Mines' annual faculty awards celebration held April 24.The Faculty Excellence Award, which recognizes a tenured or tenure-track faculty member for significant and meritorious achievem...Read More
Twenty-two Colorado School of Mines faculty members who were awarded promotion and/or tenure were recognized at the annual faculty awards celebration held April 24.Applied Mathematics and StatisticsCecilia Diniz Behn, tenure and promotion to associate professorKarin Liederman Gregg, tenure and promotion to associate professorChemical and Biological EngineeringChristopher Higgins, promotion to prof...Read More