Trading relatively quiet as jewelers begin restockingafter holiday season. Top-tier independents and luxury retailers outpacinglarge jewelry chains: Signet Jewelers Nov./Dec. sales -3% to $1.8B, Richemont'sCartier and Van Cleef & Arpels 3Q revenue +9% to $2.3B, Forevermark 2018 USsales +8%. Cautious outlook for Chinese New Year as Chow Tai Fook 3Q same-storesales -7% in China, -6% in Hong Kong...Read More

Activity slower than usual for January. Dealersfocused on China and Hong Kong for Chinese New Year period. Domestic demandsteady as jewelers push bridal during ongoing wedding season. Manufacturersremain cautious due to tight profit margins, with factories operating belowcapacity since Diwali. Suppliers holding stock in preparation for Hong Kongshow. RoundRead More

RAPAPORT... Signet Jewelers' sales fell during the holiday season, prompting the retailer to lower its full-year outlook. Total revenue dropped 2.5% to $1.84 billion for the nine weeks ending January 5, while same-store sales - at branches open for at least a year - declined 1.3%, the company said Thursday. E-commerce revenue grew 5.6% to $222.3 million. "Our holiday-season performance fell s...Read More

RAPAPORT... The US jewelry industry downsized further last year, as bankruptciesand closures outnumbered new arrivals to the sector, the Jewelers Board ofTrade (JBT) reported. The number of businesses on the JBT's books fell 4.4% to25,102 in 2018, continuing the downward trend recorded over the past few years,according to data the group released Wednesday. However, the decline slowed versus...Read More

RAPAPORT... The impact of lab-grown diamonds on the industry willsignificantly increase in the next two years, according to ABN Amro. "We think that 2019 and 2020 will be the years thatlab-grown diamonds take off and move from an introduction phase to a growthphase," Georgette Boele, senior precious metals and diamonds analyst for the Dutchbank, said in a report Tuesday. "Sooner, rather than later...Read More

(IDEX Online) - CIBJO, the World Jewellery Confederation, and the Federation for European Education (FEEG) in Gemmology, will be presenting a day-long conference at the VICENZAORO January jewelry trade show, organized by the Italian Exhibition Group (IEG), in Vicenza on Saturday, January 19, where the principle focus will be on issues related to responsible sourcing and gemology.   For CIBJO,...Read More

(IDEX Online) - The organizers of the Jewelry Industry Summit have published the agenda and speaker roster for the upcoming Jewelry Industry Summit taking place in Tucson, Feb, 2-3.   An international array of expert and experienced industry members will share their ideas and recommendations for actions that jewelers can take now to sustain the supply chain for jewelry products, the group sa...Read More

Three-month base metals prices on the London Metal Exchange exhibited mixed movements while consolidating this morning, Thursday January 17. Copper, nickel, lead and zinc were down by between 0.1% and 0.5%, while aluminium and tin prices were up by 0.3% and 0.4% respectively. The three-month copper price was off by 0.1% at $5,973 per tonne.Volume across the LME base metals complex was above averag...Read More

PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe company, which produces copper concentrates from fresh and historic tailings at Codelco's El Teniente mine, said it set new production records in 2018 at Minera Valle Central.Read More

PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe majority investor, which had in recent months bolstered its Hudbay position to 11.9%, said it was embarking on its first proxy fight to address Hudbay's chronic underperformance.Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. Index futures recovered slightly following release of economic news at 8:30 AM EST. Consensus for the January Philly Fed Manufacturing Index was an increase to 10.0 from 9.1 in December. Actual was 17.0. Consensus for Weekly Jobless Claims was 220,000 versus 216,000 last week. Actual was...Read More

PRIVATE BLOG – Gold into FebruaryPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More

 QUESTION: RE: ….& Coming Barter System.So, are you suggesting that we may see a shift to Silver by private individuals as the only way to sidestep Government stupidity, or will it be even worse, like trading whiskey for toilet paper??TWEANSWER: Assuming government attempts to follow the IMF’s advice and create cryptocurrencies to replace paper money, then the only alternativ...Read More

Today I have two stock picks for you that I believe Warren Buffett would love.As you know, Buffett is pretty widely viewed as being the greatest stock market investor in history.Despite having given a massive $27 billion to charity over the past decade, Warren Buffett still sits on a net worth of $80 plus billion.Eventually, almost every dime of that remaining $80 billion is going to be given back...Read More

VANCOUVER, Jan. 17, 2019 – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) wishes to provide an update on the status of the Alberta Securities Commission Notice of Application dated December 21, 2018 seeking an interim order pursuant to section 33 and 198 of the Securities Act(Alberta), which names the Company as...Read More

A data center and technology campus that takes advantage of the cool, dry climate at 10,300 feet was the winning idea in the inaugural Henderson Sustainability Challenge.Colorado School of Mines students worked with Climax Molybdenum, a Freeport-McMoRan company, and community members for an entire semester to envision innovative ways to sustainably repurpose the Henderson Mine property following t...Read More

Kirk Woodman, vice-president of exploration for Vancouver-based private gold explorer Progress Minerals, was found dead on Jan. 16 in rural Burkina Faso, after having been abducted a day earlier by as-yet unidentified individuals.According to a statement by Burkina Faso minister of foreign affairs Alpha Barry, Woodman was kidnapped near the village of Tiabangou at the Bira Trend exploration site o...Read More

Serabi Gold (TSX: SBI; LON; SRB) produced a record 10,256 oz. gold in 2018's fourth quarter, propelling its 2018 gold production to 37,108 oz. gold, a slight improvement over 2017 gold production.The company processed 45,538 tonnes of run of mine ore from its Palito and Sao Chico gold mines - its highest quarterly throughput of the year - at an average grade of 7.39 grams gold per tonne, as well a...Read More

Wesdome Gold Mines (TSX: WDO) expects to produce 72,000-80,000 ounces of gold this year at all-in sustaining costs (AISC) of US$985-$1,040 per oz. at its Eagle River mine complex in northern Ontario.The gold producer also forecasts a significant grade increase to 15.5-16.5 grams gold per tonne, compared to a reserve grade of 12.2 grams gold and a recent high of 13.3 grams gold achieved in the thir...Read More

In this interview with SmallCapPower, U.S. Global Investors CEO Frank Holmes discusses the role of Artificial Intelligence (AI) within the investment community. He also talks about the meltdown in the prices of cryptocurrencies and how HIVE Blockchain is weathering the storm. Find out why Frank Holmes believes this sector could experience a sharp rebound.Read More