Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).Increased sharehold...Read More

Back in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years. Lesson learned. Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold along with its net speculative posi...Read More

Today we warn of a potential downside price rotation in precious metals that may last 3~5+ weeks as metals set up for a massive breakout rally which we believe will start in late April or early May. Our custom indicators are suggesting that precious metals, and the general US stock markets, may be setting up for a bit of a reprieve rotation after a very impressive recovery. Be patient as we b...Read More

By: Avi GilburtAlbert Einstein once said: "Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions." This phenomena is quite evident on Seeking Alpha, which is a crowd sourced website. Most readers gravitate to an analyst simply because that analyst supports the readers o...Read More

By: Jordan Roy-Byrne CMT, MFTABack in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years.Lesson learned.Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold alon...Read More

TSX Venture Exchange: BSKFrankfurt Stock Exchange: MAL2OTCQB Venture Market (OTC): BKUCFVANCOUVER, Feb. 27, 2019 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce the results of the first Preliminary Economic Assessment ("PEA") for the Ivana Uranium-Vanadium deposit at the Company's 100% owned Amarillo Grande Project...Read More

By: Ira EpsteinFed Powell was more of a political discussion and not financial.Lower dollar, yields falling. Gold's volatility falling, a market in no-man's land. Gold held $1,323.3 -- bulls won the day. Gold's seasonal chart running into resistance...Read More

COLORADO SPRINGS, Colo., Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") today announced an eighth consecutive year of profitability, reporting net income of $9.3 million or $0.16 per share. The Company also confirmed its previously announced 2018 annual mill production of 26,838 gold ounces and 1,672,034 silver ounces for 47,622 precious metal gold equivalent ounces....Read More

Rick's Picks avidly follows the stock market's ups and downs each day, as well as the way it is influenced by the Fed's silly obfuscations. On some days it feels as though the cheerleaders at The Wall Street Journal et al. are overdoing it, generating enough hubris to stand economic logic on its head. But let's not kid ourselves. Whether this rally has a week to go, a month, or even a year, t...Read More

Gold will break free from $1320-$1340 trading range and form a new range anytime soon. Silver needs to trade over $1596 to zoom. Copper needs to trade over $291 (till Monday) to zoom. If crude oil rises today and tomorrow, then chances of $60 by next week will be very high. Germany's Merkel wants a united Europe to counter Asia. Chancellor Merkel has said that European political and business l...Read More

RAPAPORT... Sterling Jewelers has reached a mutually agreeable settlementwith Alex and Ani after a yearlong dispute over a supply deal. Judge Sara Lioi dismissed the case without prejudice,according to a February 14 motion Sterling, a division of Signet Jewelers, filedin an Ohio court. The companies will beartheir own legal costs. "The matter was resolved and settled to the parties' mutualsa...Read More

RAPAPORT... Michael Hill's sales fell 2.7% in the first half of its fiscal year due to the lingering impact of a discounting policy that it has been working to abolish, the company said. Group revenue dropped to AUD 315.4 million ($226 million), thejeweler reported Wednesday. During the first four months of the period endingDecember 31, the jeweler suffered from a marketing strategy featuring...Read More

RAPAPORT... Revenue from Rio Tinto's diamond division slid 1.6% to $695million in 2018, the miner reported Wednesday. The diamond unit's profit rose 28% to $118 million, whileearnings before interest, tax, depreciation and amortization (EBITDA) increased4.9% to $301 million. Diamond production fell 15% to 18.4 millioncarats for the year, with output slipping at both its mines. Carat recovery...Read More

Finestar, an Indian diamond manufacturer and trader that recently acquired De Beers Sightholder status, has launched its proprietary Finestar X-ray diamond imaging software. Finestar's X-ray imaging program shows the internal framework of the given diamond. Technically speaking, it is the digital image overlapping the plotting image of a diamond grading report that shows the exact position of the...Read More

BeckyStone,Diamonds in the Library founder and CEO:Modern jewelry loverswant to put their money toward pieces they can connect with, that make astatement about who they truly are. Charms offer that personal connection likenothing else, and that's why charms - from medallions and monograms to vintageand newly minted figurals - will reign supreme in 2019. In the past few years,designers have realize...Read More

De Beers has appointed Nompumelelo (Mpumi) Zikalala as Managing Director of De Beers Group Managed Operations, the company that comes instead of De Beer Consolidated Mines (DBCM). Mpumi, currently Deputy Chief Executive Officer at DBCM will take responsibility for the restructured entity that includes the Venetia Mine (South Africa), the Gahcho Ku?(C) Mine (Canada) and De Beers Marine. She is to s...Read More

RAPAPORT... Trans Atlantic Gem Sales (TAGS) sold a record $50.1 millionworth of rough diamonds at a tender in Dubai earlier this month, it saidMonday. A total of 79,213 carats of high-quality stones from minesin South Africa, Angola and Namibia yielded an average price of $633 per carat.The sale included a number of large, single stones and exceptional specials,the company said. "TAGS has se...Read More

The Verkhne-Munskoye, one of the largest diamond mines in the world, produced a unique gem-quality rough diamond weighing 98.8 carats. The stone was found in the Zapolyarnaya kimberlite pipe. The mine Verkhne-Munskoye, which is operated by ALROSA, is located in the Sakha Republic, also known as Yakutia. Reportedly, the mine has estimated reserves of 40 million and is projected to produce 1.8 mill...Read More

RAPAPORT... The first China-Israel Diamond Week will take place in Shenzhenin April. The event - organized by the Israel Diamond Exchange(IDE), the Shanghai Diamond Exchange (SDE) and Guangdong Land Holding - willinclude a seminar, the signing of a memorandum of cooperation, visits todiamond-jewelry manufacturing facilities, and networking events. The show will also feature a sales meet, whe...Read More

HRD Antwerp NV is collaborating with MAGILABS (Rome/Helsinki) and offering and advanced, two-day workshop on spectroscopy. This course is aimed at diamond traders and experts; appraisers and graders; jewelers and designers; sales managers, buyers and job seekers. In its invitation for the course HRD Antwerp wrote: "Within the world of diamonds, one of the hot topics continues to be the one of labo...Read More