By Frank HolmesStrengthsThe best performing metal this week was palladium, up 4.36 percent on acute supply tightness. JPMorgan sees additional upside to the price despite weaker auto sales. Gold traders and analysts surveyed by Bloomberg remain bullish on the yellow metal for a 10th straight week even as prices remain near the $1,300 level. ETFs added gold to their holdings for the 15th straight...Read More
Phoenix, Arizona (January 22, 2019) - An Arizona legislator has put forward a bill to de-risk the state's financial holdings with a modest allocation to physical gold and silver in the state's reserve fund.Introduced by Representative Mark Finchem (R-Tucson), the Arizona Sound Money Stabilization Act (HB 2500) requires that at least 10% of Arizona's Budget Stabilization Fund be held in the monet...Read More
Thousands of political, business and cultural leaders are heading now towards Davos, Switzerland, to attend the World Economic Forum. On the eve of the world's biggest annual gathering of the rich and powerful, the International Monetary Fund released its newest world economic outlook. What are the forecasts - and their implications for the gold market? Global Expansion Weakens Well, the title...Read More
CloseGain/LossGold $1284.60+$3.90Silver$15.33UNCHXAU68.74+0.53%HUI152.20+0.95%GDM572.33+0.18%JSE Gold1341.80+33.06USD96.36-0.01Euro113.63-0.03Yen91.65+0.41Oil$52.57-$1.2310-Year2.739%-0.048T-Bond145.21875+0.6875Dow24404.48-1.22%Nasdaq7020.36-1.91%S&P2632.90-1.42% The Metals: Gold dipped $3.80 to $1276.90 in holiday thinned trade yesterday before it bounced back to $1284.9...Read More
- Outlook for gold in 2019: IG TV Victoria Scholar interviews GoldCore- Given Brexit & Trump risk, trade wars & fragile economic growth, gold may gain 20%-25% in 2019- Palladium has surged to record highs and gold will play catch up in coming years and reach record highs again; Both nominal highs near $1,900/oz and inflation adjusted at much higher prices- Global demand will be strong in 2019 a...Read More
Risk of a sustained Chinese slowdown is higher after the Chinese president stressed the need to maintain political stability. Jobs are the key to every nation. Increase in joblessness will create political issues in communist China. Industrial metals can fall first or the pace of rise will reduce after comments from the Chinese president. The Chinese have started/intend to start a massive infras...Read More
COLORADO SPRINGS, Jan. 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced preliminary 2018 year-end and fourth quarter mill production results. The Company produced approximately 26,838 gold ounces and 1,672,034 silver ounces for the 2018 year, which met its annual gold and silver production target ranges. Gold Res...Read More
January 22, 2019 Vancouver, BC - Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the "Company" or "Chemesis"), announces a strategic partnership with Dank City, a social media marketing company specializing in cannabis products and brands. Dank City will be the primary advertising component for the Jay and Silent Bob's Private Stash cannabis line of products, as well as other bra...Read More
Full Article: Bull in the China ShopBy: John MauldinThis week's letter focuses on China's economy. We'll look at some numbers showing the challenges China faces, but they don't explain something important. The way China will meet those challenges is going to be substantially different than we would see in the West. So I want to start with a little context.When European Central Bank President Mari...Read More
Planned surface infrastructure for the Arrow uranium mine. (Image: NexGen Energy)SASKATCHEWAN - NexGen Energy is embarking on the largest drill program in its history at the Rook I project in the Athabasca Basin. Approximately 125,000 metres is planned, the results from which will be used in a bankable feasibility study for the Arrow uranium deposit.There are three objectives:Convert high grade in...Read More
RAPAPORT... The Mothae mine in Lesotho is performing better than expected since reaching commercial production in the fourth quarter. The asset is producing 3.94 carats per 100 tonnes,compared to the initial resource guidance of 1.92 carats per 100 tonnes, theowner, Lucapa Diamond Company, said last week. Lucapa commenced the commissioning phase during the fourthquarter ending December 31, and re...Read More
RAPAPORT... The first Rapaport Diamond Podcast Short looks at theholiday season just gone, following a mixed bag of sales results from themajors.Signet Jewelers and Tiffany & Co. both reported a dropin revenues for the crucial period, yet there were some positive signs,including an improvement in e-commerce sales at Signet. Plus, strong figuresfrom the owner of Cartier and Van Cleef &...Read More
(IDEX Online) - CIBJO's new Responsible Sourcing Blue Book highlighted a well-attended seminar at the Vicenzaoro January jewelry trade show in Vicenza, Italy, on January 19, which also featured the precious coral sector as a case study for sustainability. The seminar comprised the opening session of the 21st Symposium of the Federation for European Education in Gemmology (FEEG), which...Read More
(IDEX Online) - The Delgatto Diamond Finance Fund will be holding a roadshow at the Antwerp Diamond Club on January 28 on Delgatto's asset-based financing programs for the diamond and jewelry industries. With bank financing to the diamond industry declining, US-based Delgatto offers immediate loans based on companies' diamond inventory. Delgatto provides diamond firms...Read More
(IDEX Online) - The International Gemological Institute (IGI) will host its first Jewelry Design Course in Antwerp due to continued popularity with students. Being held from March 25-April 5, the course has been held in the past in Shanghai, India and Dubai, with the Antwerp course being the first European location for the program. "Developed to bring out a budding designer's innate...Read More
JOHANNESBURG – Zunaid Moti, who owns chrome businesses in South Africa and Zimbabwe, was released from detention in Germany after being held in Munich since August.Moti has returned to South Africa after an arrest warrant issued by Russia was canceled, according to an emailed statement from his company, the Moti Group.Advertisement“The full exoneration of Moti makes the fact of his det...Read More
(IDEX Online) - India's Gem & Jewellery Export Promotion Council (GJEPC), organized an India Pavilion at the Vicenzaoro Winter show which ends tomorrow, with a total of 355 sq m housing 19 exhibitors showcasing jewelry and loose stones. Pramod Kumar Agrawal, Chairman, GJEPC, said, "India's total exports of gems and jewelry to Europe accounted for $3.94 billion in 2018. Europe has b...Read More
Encouraging...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s publishe...Read More
Prices limping higher rather than rallying ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The three incidents occurred during the December 2018 half, impacting volumes by 4 million tonnes of iron or...Read More