The US Mint just announced it has temporarily sold out of the 2019 American Silver Eagle Coin effective immediately... February 21, 2019.As a result of the announcement today, silver coin price premiums on Silver Eagle Coins are inching higher above the fluctuating silver spot price given that the US Mint was ambiguous about when new Silver Eagle Coin supplies will return to market.The following...Read More
Could Silver be creating a topping pattern at current prices? Possible, still too soon to tell though!The first chart looks at Silver Futures on a daily over the past 18-months. The rally since Mid-November reflects that Silver is testing highs of a few weeks ago at (1).Below looks at Silver on a monthly basis over the past 40-years-This long-term chart highlights that Silver peaked in 2011 at th...Read More
Rising expectations for Hong Kong show (Feb.26), with hope that Chinese buyers will resume bulk orders following 2018 slowdown.Dealers uncertain about prices. Suppliers taking a lot of goods to the show. Top-makeRapSpec A2+ seeing steady demand and short supply. Rough market cautious aheadof De Beers sight, as manufacturers are squeezed by high rough prices andinflated polished inventory. De Beers...Read More
Suppliers optimistic for Hong Kong show, with signsof improvement in polished trading. Overseas buyers looking for top-make VS-I1goods, with shortages in select categories. Manufacturers maintaining lower production,as inventory of low-quality polished remains high. Tight liquidity due toreduced bank credit, squeezed profit margins and delayed payments from someoverseas clients. Local jewelry mark...Read More
RAPAPORT... A yellow diamond ring that once belonged to the royal familyof Hawaii sold for $519,500 at auction Sunday. The old-mine-cut, 34.28-carat, fancy-light-yellow,VS2-clarity diamond ring, set in platinum and white gold, was the lead item atthe Clars Auction Gallery sale in Oakland, California. It realized $15,155 percarat, according to Rapaport calculations. The piece - with a hi...Read More
RAPAPORT... In a bold and somewhat savvy move back in January 2018, Tyson Foods, one of the largest food-processing companies in the US, took a minority stake in Memphis Meats, a startup in the budding cultured-meat industry. Despite the deal's sleeping-with-the-enemy feel, the investment sparked little controversy, as Tyson was the latest in a line of high-profile investors in the food-tech busin...Read More
RAPAPORT... De Beers' earnings fell in 2018 due to the costs of new initiatives such asits Lightbox synthetics business.Underlying earnings slid 34% to $349 million, as capital expenditure rose 53% to $417 million for the year, the company reported Thursday. That included outlays related to the launch of De Beers' lab-grown jewelry brand, as well as its Tracr blockchain program, and Gemf...Read More
A correction is underway in the three-month base metals prices traded on the London Metal Exchange with prices off by an average of 0.5% on the morning of Thursday February 21, compared with Wednesday’s closing levels. This morning’s price pullbacks follow a day of strength on Wednesday when the complex closed up with gains averaging 1.2%, which saw copper pushed up through the top of re...Read More
The final dividend was in line with its policy of paying out 40% of underlying earnings. Anglo's underlying earnings fell 1% on the year to $3.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 economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was 225,000 versus 239,000 last week. Actual was 216,000. Consensus for December Durable Goods Orders was an increase of 1.5% versus a gain of 0.8% in November. A...Read More
The copper miner produced 294,700 tonnes of copper last year, up 14% year-on-year and at the top end of the 270,000-300,000t forecast. Revenue was up 31% on 2017 at $2.Read More
However Katanga's gross profit for the full year increased to $13.4 million from a $6.5 million gross loss in 2017.It said the profit was related to resuming production and ramping up its Whole Ore Leach project at its majority-owned Kamoto Copper Company (KCC), but was impacted by the temporary cobalt suspension due to its uranium content, and increased mine infrastructure and support costs.Katan...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe Toronto-based miner reported a loss of US$3.5 million or 1c per share in the fourth quarter, compared with profit of $94.3 million or 36c per share a year earlier.Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resources"Our preliminary review of the DEIS shows no major data gaps or substantive impacts associated with a mine at...Read More
"Had the opposition party… won the election," said the president Tuesday," the Stock Market would be down at least 10,000 points by now."Instead, Mr. Trump exulted, "We are heading up, up, up!"And for the moment "we" certainly are.The stock market has largely been heading up, up, up two months running.We are convinced the Federal Reserve's newfound dovishness is far more responsible than the...Read More
Losing your job is one of the most devastating life events both emotionally and financially.Open the paper or do a quick Google search online and you'll see all the recent corporate layoffs happening in America.This month, General Motors said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of restructuring.In January, CNBC reported Verizon Media Group, former...Read More
In a shocking turn of events, the Canadian Province of Alberta abandoned free market capitalism in December of 2018.This was a story we were on top of as events unfolded.Following the lead of dictators and oppressive regimes around the world, Alberta announced the enactment of mandatory production cuts for large oil producers operating in the province.Keep in mind that Alberta is the Canadian equi...Read More
ELKO, Nevada, Feb. 21, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) is pleased to announce that Datamine of Denver, CO, has recently completed a comprehensive drill hole analysis of U.S. Gold Corp.'s Copper King gold-copper-silver-zinc deposit, located in Southeast Wyoming. Datamine included all of the historic drilling database and the step-out drill programs conducted by U.S. Gold Corp....Read More
Black Iron (TSX: BKI; US-OTC: BKIRF) and Glencore (LON: GLEN) are in talks to finance construction of the junior's Shymanivske iron ore project in Ukraine and have signed a non-binding memorandum of understanding to begin formal negotiations on the financing-offtake package."They've had their eye on this project for a while and a number of things are quickly coming together such that Glencore beli...Read More
Barsele Minerals (TSXV: BME; US-OTC: BRSLF) has tabled an updated resource estimate for its Barsele gold project in northern Sweden totaling 5.5 million indicated tonnes grading 1.81 grams gold per tonne for 324,000 oz. gold and 25.4 million inferred tonnes at 2.54 grams gold for 2.08 million oz. gold.The resource is split between pit constrained, bulk underground and selective underground mining...Read More