By: Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price edged quietly sideways once trading began at 6:00 p.m. EST on Thursday evening in New York -- and that lasted until around 9:20 a.m. China Standard Time on their Friday morning. It began to head higher from there -- and that lasted until shortly before 9:30 a.m. in London. It crept quietly lower from that juncture un...Read More
This is a pair of photographs taken by Keith Weiner, for a high school project. It seemed a fitting picture for the dual nature of money, the dual nature of wood both as logs to be consumed and dimensional lumber to be used to construct buildings.Last week, in Is Capital Creation Beating Capital Consumption, we asked an important question which is not asked nearly often enough. Perhaps that's...Read More
By: Ira EpsteinRead More
RAPAPORT... The Gem & Jewellery Export Promotion Council (GJEPC) hasbegun building a 21-acre industrial jewelry park it believes will generatenearly $6 billion in annual revenue. The India Jewellery Park in Mumbai will cost approximatelyINR 144.67 billion ($2 billion) to construct over the next few years, and willemploy about 100,000 workers when completed. The project will enhancemanufac...Read More
RAPAPORT... MID House of Diamonds was the premier Israelipolished-diamond exporter for the fourth year running, according to a list thenation's Ministry of Economy and Industry published recently.The company, whose exports rose 12% to $196 million in 2018,was one of several in the top 10 that saw an increase. Niru Diamonds took the second spot, moving up from third in2017, with its expor...Read More
RAPAPORT... Jewelry manufacturer Frederick Goldman has purchasedlab-grown-jewelry brand Love Earth to accelerate its entry into the synthetic-diamondbusiness. "The market for lab-grown diamonds is expanding rapidly,"Frederick Goldman CEO Jonathan Goldman said last week. "We have spent the pastyear studying how we would enter this business. Our purchase of the Love Earthbrand has expedited tho...Read More
The South China Morning Post reported that Russian diamond miner had finally succeeded to convince its Chinese customer base to trade in a currency other than US dollars, "as it looks to get around US sanctions." Evgeny Agureev, Alrosa's director of sales, told the Post "on the sidelines of the Hong Kong International Jewellery Show that it has signed up Chow Sang Sang Jewellery on a long-te...Read More
The Civil Society Coalition (CSC), an alliance of international civil society organisations affiliated to the Kimberly Process Certification Scheme (KPCS) issued a statement last week, asking the UN and the KP to classify Zimbabwe's gemstones as conflict diamonds in order to prevent their sale in the global market. The Statement came at the conclusion of the United Nations General Assembly�...Read More
The India Jewellery Park of Mumbai, a mega initiative by the Government of India to take India's jewellery manufacturing and trade to a new level, was inaugurated earlier this month. The project will enjoy a total investment of more than $10 billion and once in operation is expected to generate an annual turnover of $30 billion The foundation stone laying ceremony was attended by Suresh Prab...Read More
An investigation resulting from a US bankruptcy court order has suggested that Samuels Jewelers Inc., Mehul Choksi's US-owned company, may have sold lab-grown diamonds (LGDs) to customers with fraudulent grading reports that presented them as natural diamonds. The fraudulent reports were produced by a laboratory controlled through one of Choksi's businesses on the British Virgin Islands, the inves...Read More
Despite further poor economic data at the end of last week, the three-month base metals prices on the London Metal Exchange were for the most part higher this morning, Monday March 11.With the exception of tin that was down by 0.2%, the rest of the complex were up between 0.3% for copper and 1.3% for zinc. Copper was recently quoted at $6,414 per tonne, compared with $6,395.50 per tonne at Friday&...Read More
U.S. equity index futures were higher this morning. S&P 500 futures up 4 points in pre-opening trade. Index futures were virtually unchanged following release of January Retail Sales report. Consensus was a decrease of 0.1% versus a revised drop of 1.6% in December. Actual was an increase of 0.2%. Excluding auto sales, consensus for January Retail Sales was an increase of 0.2% versus a revised...Read More
This weekend, the stock market bull turned 10 years old, handing investors more than 17% in annualized total returns along the way. According to my old S&P coworker, Howard Silverblatt, that performance is more than three times better than the annualized return from the end of 1999 (5.43%) and almost twice as good as the return since 1989 (9.64%). Of course, plenty of people stayed on the side...Read More
The Dow Jones Industrial Average fell 2.21% to finish the week at 25,450.24, and the S&P 500 Index lost 2.20% to end the week at 2,743.07. Spot gold rose US$4.80 per oz. to US$1,297.70 per oz. gold.Yamana Gold, Glencore and Goldcorp have reached an agreement under which the companies propose to integrate Yamana's wholly owned Agua Rica project with the Alumbrera mine in Argentina's Catamarca provi...Read More
Canada's benchmark index fell 0.44% to 15,996.21 to start March 2019 after a strong February. The S&P/TSX Global Mining Index rose 0.43% to 73.60, and the S&P/TSX Global Gold Index rose 3.7% to 195.25. The gold price rose 0.37% to US$1,297.70. Shares of Serabi Gold rose 32.1% to 80 ?. In early March 2019, the company boosted the mineral resource for its Coringa gold project in Brazil 37% to 845,00...Read More
Revival Gold (TSXV: RVG; US-OTC: RVLGF) has reported the last four holes from its 2018 drill program at its contiguous Arnett and Beartrack gold projects in Lemhi County, Idaho, 17 km from the town of Salmon.The company drilled 900 metres across six holes at Arnett's Haidee target in November 2018. Before that, it drilled 7,700 metres across 15 holes at Beartrack."The focus of the drilling in 2018...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftA ‘stronger for longer' iron ore price would benefit big producers, especially Rio Tinto, but the same cannot be said for the big Anglo-Australian miner's exposure to closure and rehabilitationRead More
Robert Wares, Executive Chairman of Osisko Metals Incorporated and John Kaiser founder of Kaiser Research Online discuss updates at the March 2 - 3 2019 Metals Investor Forum in Toronto.____________________________________________________________The companies presenting at the Metals Investor Forum are as vetted as it gets - they have already cleared the high hurdle of earning the coverage from th...Read More
Please help Tommy's trial get fair coverage at http://www.tommytrial.com/Tommy was out at a restaurant with his family - he was taking his kids out to watch soccer - or football as they call it in the UK. And then suddenly a bunch of police swarmed him, and his family, and told him to get out of the city or be arrested. No reason. He was just at a restaurant. They were utter bullies. Police state...Read More
Presenter: Ramkumar ElanNews portal- https://www.janatasamachar.com Website - https://www.janatanetwork.comFacebook - https://www.facebook.com/janatasamacharTwitter - https://www.twitter.com/janatasamacharYoutube - JanataTelevision#CKRaut #Byline #JanataTvCopyright (C) 2019 Janata Prasaran Tatha Prakashan Limited, All rights reservedRead More