Recent News

NYC Mayor Guarantees Comprehensive Health Care for All in Historic Surprise Announcement

January 08, 2019 / marketsanity.com

"This is the city paying for direct comprehensive care (not just ERs) for people who can't afford it, or can't get comprehensive Medicaid - including 300,000 undocumented New Yorkers," Continue...Read More

Shocking German Industrial Production Plunge Stokes Recession Fears In Europe's Largest Economy

January 08, 2019 / marketsanity.com

Mere hours after German Economy Minister Peter Altmaier assured the German public that the country's economy will continue to expand despite a recent raft of discouraging Continue...Read More

Here's Why New Gold Rose as Much as 15.6% Today

January 08, 2019 / marketsanity.com

New Gold Inc. is a multinational mining company with gold, silver and copper containing assets. It engages in both exploratory and production activity in North AmericaContinue...Read More

With Sprott Financing in Hand, Company Announces Arizona Gold Mine Resource Expansion Plan

January 08, 2019 / www.theaureport.com

With major financing from Sprott Private Resource Lending and a private placement, a mining company arranges to further develop its high-grade gold project in Arizona. Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) just announced that its phase 2 resource expansion plan designed to extend mine life at its flagship Copperstone Mine in Arizona will begin in mid-January. The company also noted that...Read More

Did Strong December Payrolls Push Gold Prices Up? / Commodities / Gold & Silver 2019

January 08, 2019 / www.marketoracle.co.uk

December payrolls were strong – but gold prices rose. What happened? Job Creation Surprises PositivelyU.S. nonfarm payrolls accelerated in December, beating expectations. The economy added 312,000 jobs last month, following a rise of 176,000 in November (after an upward revision) and significantly above 182,000 forecasted by the economists. The number was the biggest increase since February...Read More

Gold Hits Our $1300 Price Target - What Next? / Commodities / Gold and Silver 2018

January 08, 2019 / www.marketoracle.co.uk

Early trading on January 4, 2019, saw Gold reach just above $1300 per ounce – confirming our price target from our research and posts on November 24, 2018.  The importance of this move cannot be under-estimated.  Traders and investors need to understand the recent rally in the metals markets are attempting to alert us that FEAR is starting to re-enter the market and that 2019 could...Read More

Wall Street Drools over Fishy Jobs Report

January 08, 2019 / news.goldseek.com

By: Clint SiegnerThe Bureau of Labor Statistics delivered a blowout jobs report on Friday. Headline chasing algorithms and investors responded by snapping up stocks. They also sold some gold and silver futures, driving prices lower on the day.To Wall Street cheerleaders, it looked like the stock market correction might be over and precious metals would be headed out of fashion, once again.It loo...Read More

Is the Fed Done Hiking Rates? Watch the Price of Gold

January 08, 2019 / news.goldseek.com

King Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. But greenback strength is a double-edged sword, as you know. Although good for U.S. consumers, it can hamper exporters, commodities, oil, gold and more.So will rates continue to rise in 2019? If so, the dollar will follow suit, putting ad...Read More

The 49-Year Record of Gold-Palladium Ratios

January 08, 2019 / news.goldseek.com

By: Mickey Fulp Price ratios determine relative value of the precious metals and are useful tools for deciding which metal to buy at any given time. In previous musings, I documented the history of gold and silver prices and ratios from the United States' abandonment of the gold standard to present, then followed with similar treatments for platinum-gold and platinum-palladium (Mercenary Musin...Read More

Gold: China Is Back In The Game

January 08, 2019 / news.goldseek.com

By: Stewart Thomson 1. It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!2. Please click here now. Double-click to enlarge this daily gold chart.3. A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.4. Gold begins 2019 with some very positive...Read More

Asian Metal Market Update: January-8-2019

January 08, 2019 / news.goldseek.com

Focus will be on US-China trade talks and its result. Central banks are buying gold as per releases by the world gold council. Retail investors are waiting for more correction. Right now there is NO "herd mentality" to buy or invest in gold and silver. Herd is there when prices shoot up in the short term with no signs of correction. In the next seven days (till 16th January 2019), spot gold need...Read More

The Price of Silver Is Rallying, and It's Just the Start

January 08, 2019 / moneymorning.com

Peter KrauthThe price of silver has been steady over the past week and is still up tremendously since late December. In fact, silver prices are still up more than 9% from their December low.At this point, a small pause in silver's rise would not surprise me. The metal typically takes a little time to digest its massive gains.In the past two weeks alone, silver is up an astounding 6.3%, while gold...Read More

De Beers Green-Lights Changes to Disclosure Rules

January 08, 2019 / www.diamonds.net

RAPAPORT... De Beers has approved plans to allow sightholders to referto its goods as "DTC diamonds," a company spokesperson confirmed with RapaportNews on Tuesday. The miner consulted with clients during the December sightin Botswana, proposing to relax its ban on buyers identifying diamonds as DeBeers goods further down the supply chain. Until now, sightholders could onlydisclose their supp...Read More

Lucara Completes First Sale on Clara Platform

January 08, 2019 / www.diamonds.net

RAPAPORT... Lucara Diamond Corp. recorded an 8% premium in theinaugural sale of rough on its new digital platform, which it completed lastmonth, the miner reported Tuesday. Five out of seven participating manufacturers andjewelers came away with goods, with total proceeds reaching $660,865, Lucarasaid. The platform, Clara Diamond Solutions, uses technology to match buyerswith available rough based...Read More

Synthetics Maker WD Gets Cash Injection

January 08, 2019 / www.diamonds.net

RAPAPORT... Private-equity firm Huron Capital has made a "significant"investment in WD Lab Grown Diamonds, forecasting sharp growth for the companyand the synthetics sector. The injection of funds will help WD expand its capacity toproduce lab-grown diamonds for jewelry and industrial purposes, themanufacturer said Monday. Clive Hill, the company's founder, will remain itsCEO, while Yarden Tsach w...Read More

Israel's Diamond Trade Stabilizes, Dvash Cautiously Optimistic About 2019

January 08, 2019 / www.idexonline.com

(IDEX Online) - Israel's net polished exports stabilized in 2018, totaling $4.48 billion, according to figures published by the Diamond, Gemstones and Jewelry Administration of the Israeli Ministry of the Economy.   Net polished diamond imports totaled $3.04 billion, while net rough diamond exports stood at $2.25 billion, and net rough imports totaled $2.66 billion.   For the first time...Read More

Lucara to prioritise Karowe expansion studies

January 08, 2019 / www.miningweekly.com

TSX-, Nasdaq- and Botswana Stock Exchange-listed Lucara Diamond Corporation will, this year, prioritise the completion of a feasibility study into the potential for underground production and life-of-mine expansion from 2026 to 2036 at its Karowe prospect, in Botswana.Lucara has set aside a $14.8-million budget to complete geotechnical and hydrogeological drilling programmes in 2019, as well as ec...Read More

WD Lab Grown Diamonds Receives Private Equity Investment

January 08, 2019 / www.idexonline.com

(IDEX Online) - Private equity firm Huron Capital has made a significant equity investment in WD Lab Grown Diamonds which is based in the Washington D.C. area and produces large, high-quality laboratory grown diamonds for the jewelry, scientific and industrial markets.   "The Huron Capital investment is expected to help us significantly expand our capacity in the fast-growing, high-quality se...Read More

Experts positive about precious metals, equities

January 08, 2019 / www.mining-journal.com

Kyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalWith the Cambridge House Vancouver Resource Investment Conference taking place mid-January, Mining Journal asked its keynote speakers what they think 2019 will bring the sector.Read More

Cochilco sees 28% growth in Chile copper output

January 08, 2019 / www.mining-journal.com

PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedIn its annual copper production forecast, Cochilco said production from existing mines will fall 19% to about 4.46Mtpy despite expansion and optimisation projects with the growth it forecasts coming from new builds.Openpit mines will continue to dominate the production landscape in Chile providing well over 80% of metal output thro...Read More

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