A Russian military transport arrived in Venezuela this past week bringing tons of aid and also nearly 100 Russian military advisors. Reportedly this included cybersecurity experts. Moscow claimed this was pre-planned and related to a nearly 20 year old cooperation agreement with Caracas. US neocons looking for regime change are claiming it is a new Cuban Missile Crisis. Who's right? Is Venezuela a...Read More
We have been hearing a lot about how the metals stocks have been performing better than the underlying metals prices and how that is bullish for the sector. While it is positive to see the stocks outperforming it does not confirm a full on bull market. Jordan Roy-Byrne joins me to share the indicators and relationships that are more important to watch.Jordan Roy-Byrne, CMT is a Chartered Market Te...Read More
Jay introduces the guests and sponsors for the day's program and Michael Oliver shares his latest comments on gold and other significant markets.Read More
Maybe you have some gold (and silver) butnot enough. Maybe you haven't added to your stash for quite awhile, and youkinda' forgot why you bought it in the first place. Or perhaps you don't own any preciousmetals at all!If one of these circumstances fits you,then it's time to refresh your memory on the multiple reasons why you should owngold, assess your risk profile and unique financial...Read More
Bond yields are crashing in major markets all around the world as fears of a global economic slowdown have prompted investors to seek shelter in low-risk government debt. Both Germany and Japan's 10-year bond yields are back below zero, marking the first time we've seen German yields turn negative since October 2016. As I shared with you last week, the pool of negative-yielding bonds around the...Read More
I have not been happy about the pattern that has been forming in gold since it plunged rather rudely and sharply around the end of February. The concern that was engendered by that plunge and the accompanying momentum breakdown, that we can see on gold's latest 8-month chart below, were allayed by its managing to stabilize above its parabolic uptrend line and then rise off it. However, the rally...Read More
April Gold's tortuous slog toward an 'easy' rally target at 1332.00 warrants a closer look at the bearish case. For if the futures were to fall just $9 to the green line shown in the chart (click on inset), that would trip a theoretical sell signal to as low as 1255.90 a 4.5% plunge from current levels. Although the bull trend begun last August from 1182 still dominates the daily chart, the...Read More
March 27, 2019Toronto, Ontario (March 27, 2019) - Mega Uranium Ltd. (TSX: MGA) announces the results of its annual and special shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a show of hands of the majority of shareholders. The results of the shares voted in person or by proxy in respect of the election of each director are:NomineeShares V...Read More
RAPAPORT... A fancy-intense-blue diamond ring with an estimate of $2.5million to $3 million is on track to be the top seller at Sotheby's Magnificent Jewels auction in NewYork next month. The cut-cornered square modified brilliant-cut, 3.24-caratstone, flanked by two pear-shaped diamonds, will go under the hammer at the April17 sale, Sotheby's said Wednesday. Other notable pieces include a p...Read More
RAPAPORT... Silver-jewelry sales rose for the 10th consecutive year in 2018,according to research by the Silver Promotion Service (SPS). Some 52% of US jewelry retailers participating in the survey reported higher sales, withthe majority noting double-digit increases, the SPS reported. Younger customers and femaleself-purchasers were important sources of revenue, the jewelers noted....Read More
RAPAPORT... De Beers has sent out the final ore-haul truck from itsVictor mine in Canada, exactly 11 years to the day after the site's opening. The last load was driven by Nancy Wesley, who has worked asa haul-truck driver, dozer operator and production-drill operator at the minesince it opened, the company said last week. During the course of its operation, the mine was expandedfrom a 5-met...Read More
RAPAPORT... Baselworld will reduce booth prices by 10% to 30% at next year'sshow and move diamond dealers to a more attractive location, organizers have confirmed. Management will reopen Hall 2, which was empty at the 2019show, and place gem and pearl exhibitors in that area together with a newinnovation zone dedicated to smart watches and wearable devices. The plan asit stands would see the innov...Read More
Virtual Diamond Boutique (VDB), a sourcing and trading app for the jewelry industry, has added lab-grown diamonds (LGDS) to its product categories. The LGD products will be segregated from mined diamonds, but will offer all the visual and technical search, buy, hold, and memo features of the VDB platform. "This may be viewed as a controversial move by some in the jewelry industry," said Tanya Nisg...Read More
Laurelton Diamonds Belgium BVBA will be holding the viewings of its next tender of rough and sawn diamonds at the Antwerp Diamond Tender Facility, Belgiumi in April. Laurelton, a subsidiary of Tiffany & Co, is a rough diamond manufacturing and trading company with operations across the globe. The company procures rough diamonds and manages the worldwide supply chain that cuts, polishes and sup...Read More
Prices of small polished diamonds, also called melees, are expected to drop further in the next three, to four months as diamond manufacturers in Surat are selling off their inventories at discounts of 30 to even 40 percent to pay of loans they have taken with their local banks, The Times of India reports. The newspaper said that banks have given their diamond manufacturing clients until the end o...Read More
Berenberg, Germany's oldest owner-managed private bank, has downgraded the ratings of several junior miners, among the Gem Diamonds, and reduced its target prices for others such as Petra Diamonds and Firestone Diamonds PLC and has published "a cautious note on the gemstone sector," Proactiveinvestors of the UK reported on its website. "The German bank cut its stance on Gem to 'hold'...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsMining Journal caught up with CEO Sam Spring and chairman Cameron McRae in London to hear about the company's plans for the year and how they find working in Mongolia.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Index futures were virtually unchanged following release of the January trade deficit report. Consensus was $57.50 billion versus $59.80 billion in December. Actual was $51.1 billion.The Canadian Dollar was virtually unchanged following release of Canada's January trade deficit report. C...Read More
Any simpleton can recognize an unfolding calamity…The two trains about to collide, the twister racing for the schoolhouse, the betrayed lover with a finger on the trigger.But you require a wider vision to perceive the chains of disaster coming together... link by fateful link…When a conductor gets his signals crossed, when the winds take a fatal shift, when someone takes the first bite...Read More
Americans seek health care in other countries for numerous reasons. Some are immigrants who prefer providers from a similar culture. Others might want a procedure that is not available in the U.S. However, the biggest factor motivating them is cost. In the U.S. we have the most expensive health care system in the world. It's not difficult to find countries that offer procedures at 30%-65% of the c...Read More