By: Jordan Roy-Byrne CMT, MFTARoughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years....Read More
By: David HaggithBears, like myself, picked the meat off market bulls throughout 2018. We scoffed at the start of the year when bulls concocted a narrative that said bears would starve because 2018 was going to be the year of "global synchronize growth." We bears bawled that this was euphoric nonsense.Global economies fell off a cliff as soon as the bulls' narrative took hold, and all economies...Read More
So much for the wall of worry! Bulls have improbably shrugged off steep downturns in the housing and auto sectors, rising interest rates, a costly tariff war with China, the pernicious rise of socialism on Capitol Hill, the economic implosion of China and Germany, a strong dollar that has sapped the earning of U.S. multinationals; and, most recently, evidence that retail sales nosedived during t...Read More
China has been increasing gold reserves as a buffer to blackmail by USA and its allies on the global trade war front. Yesterday someone posted on Twitter that bank of England does not reveal the audit of gold reserves. There is no accountability of the Australian gold reserves held with the bank of England. My view is that Bank of England or the Federal Reserve will not give back the reserves...Read More
Clive says silver is looking nowhere near as strong as gold, and that silver needs to break above $22 to finally break-out for real. Here are the details...by Clive Maund of Streetwise ReportsThe charts for silver look nowhere near as strong as those for gold, but that is normal for this stage in the cycle, as at the start of major sector bull markets investors tend to be cautious and conservative...Read More
RAPAPORT... Swiss watch exports were flat in January at CHF 1.62 billion ($1.62 billion), as a drop in orders from Chinaoutweighed solid growth in other major export markets. "The main markets reported growth, except for China, whichexperienced one of the most unfavorable base effects of the last four years," the Federation of the Swiss Watch Industry reported Tuesday. Exports to China...Read More
RAPAPORT... The average amount US couples spent on engagement rings dropped 2% in 2018, according to a survey The Knot released lastweek. While 28% of the 14,000 respondents spent more than $6,000on their ring, the national average was approximately $5,680, down from $5,764in 2017, the data showed. In 2018, "high-spenders" - those whose nuptials cost more than$60,000 - spent an average of $13...Read More
RAPAPORT... Lucapa Diamond Company has recovered a 128-carat whitediamond from its Lulo alluvial mine in Angola, the company said Tuesday. The type IIa stone, which it found at the deposit's Mining Block6 region, is the miner's 12th over 100 carats to date. Lucapa also recently unearthed a 7.5-carat, fancy-purple-pink diamond in the same portion of themine, it said. The company will likely s...Read More
Lucara Diamond Corp. recently recovered a 223-carat, high white gem diamond, from its Karowe Diamond Mine in Botswana.This stone will be shown alongside the 240 carat and 127 carat, top white gem diamonds reported earlier this year together with other exceptional single diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7, 2019. Eira Thomas CE...Read More
Lucapa Diamond Company, Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas announced the recovery of a 128-carat diamond from the Lulo alluvial mine in Angola. The stone is the 12th +100- carat diamond recovered to date from Lulo, offering proof once again of the nature of the prolific Lulo diamond field. The diamond was recovered along with a 7.5 carat fancy purple pink gem. The...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has recovered a 128 ct diamond from its Lulo alluvial mine, in Angola.The diamond is the twelfth stone over 100 ct to be recovered to date from the Lulo operation, which continued to underline the large-stone nature of the Lulo diamond field, said Lucapa.AdvertisementThe diamond was recovered from Mining Block 6, along with a 7....Read More
Petra Diamonds has appointed Richard Duffy as CEO. He is to commence his task on April 1, 2019. The veteran, outgoing CEO Johan Dippenaar will be working closely with Duffy to ensure an efficient handover. According to a news release issued by Petra, Duffy who worked for almost three decades for Anglo American and AngloGold Ashanti Ltd., has extensive experience in both open pit and undergr...Read More
MHKA, the Museum of Contemporary Art Antwerp, is staging an exhibition called "Melancholia: The Diamond," in collaboration with Lars von Trier, Marianne Slot and Leonid Ogarev. The exhibition is inspired by van Trier's film "Melancholia" (2011) and also harks back to van Trier's days in film school when he made very first documentary about diamonds. The fascination with diamond has r...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resources"Due to the scale of Marimaca, Berta was a distraction for us," president and CEO Luis Tondo told Mining Journal.Read More
Still...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subs...Read More
Prices adrift on the back of...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as i...Read More
Aluminium LME aluminium price action struggled at the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download...Read More
Copper price rebound well underpinned... The...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest is...Read More
2018 supply deficit likely to...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Prices consolidating in the $12,000s... Intraday LME three-month...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus do...Read More