Full Article: FED CRUMPLES - and SEALS THE DOLLAR'S FATE..By: Clive MaundThe Fed didn't just fold on Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use that as solid justification for a U-turn, instead of which...Read More
There has been a fundamental shift in central banks' behavior with respect to gold over the past decade. The 2008 financial crisis led central banks to re-evaluate the relevance and importance of gold on their balance sheets. Check out the sudden change in sentiment that occurred in 2009, as central banks shifted from being net sellers to net buyers for the first time in 20 years.While central ban...Read More
RAPAPORT... Switzerland's G? 1/4 belin Gem Lab has launched a blockchain forcolored gemstones, which, it claims, will enable source verification throughoutthe entire supply chain. The digital ledger is now open to industry members wishingto place their gemstones on the platform, the Lucerne-based institute saidafter unveiling it at the AGTA GemFair Tucson show last week. The blockchain will recor...Read More
RAPAPORT... Zimbabwe Consolidated Diamond Company (ZCDC) expects a 46% jumpin its rough-diamond production in 2019. The nation's rough-diamond output will reach 4.1 millioncarats this year, up from 2.8 million last year, the miner told RapaportNews last week. In 2017, the company produced 1.8 million carats. Prices ofrough should also increase as the state-owned miner implements a new diamond...Read More
RAPAPORT... The lab-grown-diamond sector is enjoying a spike in awareness among US consumers and is starting to make headway into the engagement-ring market, according to a report commissioned by the International Grown Diamond Association (IGDA) and carried out by MVI Marketing. "Over the last two years, the anecdotal feedback from IGDA members has been that the bridal category is where they...Read More
RAPAPORT... The US saw a 4% decline in polished-diamond imports inNovember, according to data from the US Census Bureau. The average price fell9%, outweighing a 5% increase in volume. Trade figures were still positive forthe January-to-November period, with a 7% jump in total import value,reflecting a similar rise in the price per carat.US Diamond Trade Data for November 2018 Millions unles...Read More
Aim-listed BlueRock Diamonds has raised £575 000 before expenses through the issue of 191.67-million shares at a price of 0.3p a share. The funds will be used to continue the development of the Kareevlei mine, in the Kimberley region of South Africa.AdvertisementThe recent recovery of large, high-quality gem diamonds has encouraged the company to look at ways to fast-track its productio...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesIts Ministro Hales, Gabriela Mistral and Radomiro Tomic divisions were also back to normal, and it starting to repair the public road linking Calama with Chuquicamata, Codelco said yesterday."Thanks to the measures adopted and the existing protocols, during the emergency no injured workers have been registered," the company said.Alderan u...Read More
Chinas return to the market after a week-long break for Lunar New Year has not brought with it a rush to restock and that has led to some disappointed selling across the base metals traded on the London Metal Exchange, with the complex down by an average of 0.9% this morning, Monday February 11. The three-month zinc price led the decline with a 2% drop, while the three-month tin price was do...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.Tapestry (TPR $33.86) is expected to open lower after MKM Partners lowered its target price to $52 from $63.Applied Materials (AMAT $39.78) is expected to open lower after Stifel Nicolaus lowered its target price to $53 from $63.Cameco (CCO $16.39 Cdn) is expected to open higher after rep...Read More
A show-stopping collection of minerals valued at $3.2 million has been donated to the Mines Geology Museum. The 27 specimens - remarkable for their pristine condition, color and crystal form - come from the personal collection of Eric Long, an oil and gas industry veteran based in Austin. "A donation of this caliber truly elevates the quality of our exhibits and also heightens the experience f...Read More
Megan Diercks, a French instructor at Colorado School of Mines, has been awarded the rank of chevalier by the Order of French Academic Palms.The highest nonmilitary honor that a noncitizen can receive from the French government, the Palmes Acad?(C)miques recognizes those who have rendered eminent service to French education and have contributed to the prestige of French culture. The Order of the A...Read More
The Center for Space Resources at Colorado School of Mines was recently highlighted in The Denver Post as part of an article about proposed federal legislation to create a NASA-led Space Resources Institute. The Space Resources Institute Act, introduced last week in the U.S. House by Colorado Reps. Scott Tipton and Ed Perlmutter, asks NASA to investigate the establishment of a Space Resources Ins...Read More
American Lithium (TSXV: LI; US-OTC: LIACF) is about to drill its 6.3 sq. km Tonopah lithium claystone (TLC) project near Tonopah, Nevada.Over the next six weeks the company will drill 1,600 metres across 10 to 20 holes. It will average 100-metre depths, drilling up to 160 metres below surface.The company had previously collected 22 grab samples at TLC that graded as high as 1,380 parts per million...Read More
South32 (LON: S32) has the next 11 months to decide whether it wants to write a US$150-million cheque for a 50% stake in Trilogy Metals' (TSX: TMQ; NYSE-AM: TMQ) two base metal deposits in Alaska - Arctic and Bornite.To keep that option, the mining and metals giant has been required since 2017 to spend US$10 million a year on exploration at Bornite, which has an inferred resource of 5.45 billion l...Read More
SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totalling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.SEMAFO based its resource on more than 12,700 metres drilled across 80 holes. In 2018 it drilled more than 4,200 metres across 13 holes testing the deposit's down...Read More
Citi, a well-credentialled investment bank, earlier today penciled in A$102 as the target price for the stock, which has received an unexpected boost from a sharp increase in the price of iron oreRead More
McEwen Mining (TSX: MUX; NYSE: MUX) expects to pour first gold at its Gold Bar mine project in central Nevada before the end of February, just fourteen months after breaking ground in November 2017.Commercial production is forecast to follow before the end of the first quarter, a dramatic schedule, says Chris Stewart, the company's president."I'd say that's pretty darned good," he says. "Typically...Read More
With its recently completed feasibility study behind it, Pure Gold Mining (TSXV: PGM) expects to make a production decision on its Madsen project in Red Lake in the coming weeks and could begin construction in April, with first gold poured as early as May 2020.The project has significant mining, milling and tailings infrastructure already in place, as well as all major permits, so pre-production c...Read More
Kevin gets a karate-style workout with the help of his trainer Ron "Boss" Everline.KEVIN HART: WHAT THE FIT is an unscripted comedy starring Kevin Hart, now in its second season. In each episode, Kevin invites one of his celebrity friends to join him on a fun, fit journey, trying out unique and outrageous workouts from jousting like a medieval knight to batting practice with the Los Angeles Dodger...Read More