COT SPECIAL PUBLICATION SCHEDULE -- The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC expects to publish this report on Friday, February 1, 2019. After this, the...Read More
By: Dave KranzlerLast month the Government's Bureau of Lies And Statistics served up an employment report purporting 312,000 new jobs in December. This despite massive seasonal retail lay-offs in the latter half of the month. The BLS happily counts those jobs when hired in October but forgets to remove them when are dismissed at the end of the holiday shopping season. As John Williams (Sh...Read More
By: Steve St. Angelo, SRSrocco Report Official gold purchases reached a new record in 2018 as central banks continued to diversify away from the U.S. Dollar. Not only was 2018 a banner year for central bank gold purchases, but it was also the highest amount for more than five decades. Central banks haven't bought this much gold in one year since Nixon ended the convertibility of the U.S. Do...Read More
While some may have been confused by Fed Chairman Powell's circular statements in yesterday's press conference, the takeaway should be abundantly clear: the period of Fed tightening, is over. The Fed will now hold steady on interest rates, and when they move again, they are more likely to lower rates than to raise them. And while the Fed's program of balance sheet reductions is technically still...Read More
Last year was admittedly a tough one for emerging markets. A number of currencies were under considerable pressure, with some of them falling to record or near-record lows against the strong U.S. dollar. Global trade tensions, threats of sanctions, rising U.S. interest rates and higher oil prices before they began to crater in October, that is also contributed to the selloff. From its 52-week hi...Read More
(IDEX Online News) - Price changes in round and fancy shape diamonds in December were relatively rare. In round goods, stones of 0.80-0.89 carats in E-G, I3, fell 4%; in 2.00-2.99 carat diamonds D, I1-I3, of 2-4%; and in a range of colors and clarities in 3.00-3.99 carats and 4.00-4.99 carat stones. There were rises in a range of colors and clarities in 0.30-0.39 carat stones; in 0.45-0.49 carats,...Read More
(IDEX Online) - The Delgatto Diamond Finance Fund held a well-attended roadshow at the Antwerp Diamond Club on January 28, presenting its range of asset-based financing programs for the diamond and jewelry industries. There was strong interest in its flexible financing options for the diamond industry, particularly in light of the withdrawal of banks from the sector. US-based Delgatt...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has generated A$22.9-million in revenue from the first sale of exceptional diamonds under the new diamond marketing policy in Angola.The ASX-listed company sold seven large and top quality diamonds weighing 498 ct from its Lulo alluvial mine, achieving a sales price of $16.7-million, which averaged at $33 530/ct.AdvertisementThe...Read More
Rhyolite Ridge PFS beats expectationsSPONSOREDioneerCEO Benedikt Sobotka said ahead of Mining Indaba that, although volatility in both markets was expected to continue, the severe underinvestment in mining projects was set to drive up prices, asRead More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesGlencore produced 1.Read More
Further weakness in Chinas Caixin manufacturing purchasing managers index (PMI), that fell to 48.3 in January from 49.7 in the prior month, was enough to dent confidence in the base metals market this morning, Friday February 1, with prices for the most part weaker as a result. Three-month base metals prices on the London Metal Exchange were down by an average of 0.3% this morning, wit...Read More
More technical evidence that the U.S. Home Building Industry has bottomed: Nice breakout by ITB above $33.67 extending a double bottom pattern. StockTwits Released Yesterday @EquityClockTechnical action by S&P 500 stocks to 10:15: Bullish. Intermediate breakouts: $LEN $SBUX $WYNN $MDLZ $ALGN $MA $CHTR. Breakdowns: $CLX $HSYAfter 10:00 AM EST, breakouts included MA, CHTR, DXC, FAST, TGT, E...Read More
Yesterday we cracked open MMT - Modern Monetary Theory.Today we poke it, prod it, shake it, heckle it, harass it, roughhouse it, waterboard it... and see if it holds together.Did you miss yesterday's reckoning?Before pressing on we suggest you first catch up here.But to proceed…As explained yesterday, MMT is drawing a crowd nowadays.Its drummers claim it is a powerful tool to invigorate the...Read More
It's on!After agreeing to temporarily end the partial government shutdown last Friday, the president and House Speaker Nancy Pelosi spoke by telephone on Monday to resolve issues regarding the State of the Union address.In his formal response after a 12-minute phone conversation initiated by the speaker, the president wrote:“Thank you for your letter inviting me to deliver the State of the U...Read More
Colorado School of Mines students hacked their way to a top-10 finish in one of the most important cybersecurity competitions in the nation.Twenty Mines students participated in the 2018 NSA Codebreaker Challenge, which ran from the end of September through Jan. 6. Combined, their scores were enough to tie for 10th place out of a field of 377 U.S. universities, Mines' highest finish ever.Ryan Hunt...Read More
VANCOUVER - A new partnership between First Nations, exploration companies and the B.C. government named the British Columbia Regional Mining Alliance (BCRMA) is working well to advance mineral exploration and mining in northwestern British Columbia.That was the message behind a panel discussion held at the Association for Mineral Exploration's (AME) annual Roundup convention in Vancouver.The four...Read More
Casa Minerals (TSXV: CASA) has optioned its Keaper polymetallic project 15 km northeast of Terrace, B.C., less than 5 km from the company's flagship Pitman polymetallic project, to a private company that has the right to earn a 60% interest in the property over four years.In order to earn its interest, the optionee must spend $4 million on exploration, pay Casa $550,000 and issue Casa 2.5 million...Read More
While lithium and uranium markets were depressed in 2018, a rebound could occur, as demand pressures for both metals grow in the years ahead. Here's a look at eight juniors that are active players in lithium and uranium exploration and development. APPIA ENERGYToronto-based junior Appia Energy (CSE: API; US-OTC: APAAF) is involved in uranium and rare earth element (REE) exploration in the prolific...Read More
The following is an edited excerpt from the publication "The lithium-ion battery value chain - new economy opportunities for Australia" by the Australian government's Australian Trade and Investment Commission. To download the full report, visit www.apo.org.au/node/210341.Australia has a comparative advantage in its access to the mineral elements needed for lithium-ion battery production. Australi...Read More
Commodities giant Glencore (LON: GLEN) has reported production figures for 2018 and confirmed 2019 guidance that implies a 14%-year-on-year increase in copper-equivalent production.Copper production reached 1.45 million tonnes in 2018, 11% higher than 2017, and Glencore expects that number to jump by about 45% this year to 1.54 million tonnes.Cobalt production came in at 42,200 tonnes last year, 5...Read More