Fears of a contagion effect of the Chinese slowdown is preventing industrial metals and crude oil from rising. Focus is more on Brexit globally. There is speculation that the UK might now leave the European Union. The Cable will zoom like a space rocket if there is clear information that the UK will not leave the European Union. A second referendum vote (if any) will be in favor of the UK not le...Read More
CloseGain/LossGold $1289.20-$2.40Silver$15.57-$0.06XAU69.37-2.50%HUI153.07-2.68%GDM576.85-1.64%JSE Gold1345.05-31.18USD95.93+0.33Euro114.12-0.58Yen92.36-0.05Oil$52.11+$1.6010-Year2.718%+0.011T-Bond145.3125-0.09375Dow24065.59+0.65%Nasdaq7023.83+1.71%S&P2610.30+1.07% The Metals: Gold dipped $4 to $1287.60 at about 5AM EST before it rose to as high as $1294.70 by midmorning...Read More
Full Article: Eccles Prison Blues - The Big SqueezeBy: Gary ChristensenMiles Franklin sponsored this article by Gary Christenson, the deviant investor.Johnny Cash sang "Folsom Prison Blues" in 1957. The first verse is:Full Article: Eccles Prison Blues - The Big SqueezeBy: Gary ChristensenDisclaimer (C) 2010 Junior Gold Report and TechMoney360Junior Gold Report and TechMoney360 Newsletter: Jun...Read More
Piss poor performance for conference host Mr. Katusa considering he charges $3495 USD a year for his subscription service. All three of his picks mentioned at the show were significantly in the red over the last year.The competition was between Marin Katusa, Frank Holmes, and Rick Rule (winner).Only 2 out of the 8 picks given finished in the green.I hope someone holds Marin and Frank accountable a...Read More
Over half of annual global silver production was traded just yesterday alone. Here's Harvey with the details...by Harvey Organ of Harvey Organ BlogJAN 14/GOLD UP $1.65 TO $1290.95/SILVER IS UP ONE CENT TO $15.64/DOW DOWN 86 POINTS/NASDAQ DOWN 65 POINTS/ALIBABA WARNS OF SLOWING SALES IN CHINA/CANADIAN CONVICTED OF DRUG SMUGGLING IN CHINA HAS BEEN GIVEN THE DEATH PENALTY/FRANCE ENDURES ITS 9TH STRAI...Read More
Gold and Silver from a long-term perspective have created a series of lower highs over the past 8-years. Will 2019 bring a change to this trend? A big test is in play!Gold since the lows in 2016 has created a series of higher lows, while Silver may have created a double bottom.Gold & Silver are currently facing break attempts a (1) and (2). These falling resistance lines have disappointed metals b...Read More
RAPAPORT... Michael Hill's sales rose during the holiday period, buoyed bya shift in the company's marketing strategy, it said Tuesday. The jeweler's same-store sales - at branches open for at least a year- increased 1.3% year on year during the November-to-December period,but decreased 2.9% for the second fiscal quarter overall. Although salesfell, performance improved significantly compared to t...Read More
RAPAPORT... Chow Tai Fook followed a string of major retailers observing a slowdown in greater China as same-store sales fell in the three months that ended December 31. "A decline in same-store sales was recorded for both mainland China and Hong Kong and Macau markets in the third quarter amid uncertain macroeconomic environment," the jeweler said in a trading update Monday.Same-store sales...Read More
RAPAPORT... Alrosa will resume diamond-mining operations in Zimbabwe after a two-year break from the country. The Russian miner announced it would partner with the African country to develop joint exploration and extraction projects. The announcement took place during a visit to Moscow by Zimbabwe President Emmerson Mnangagwa. "We...seek to support Zimbabwe in the development of its diamond-m...Read More
RAPAPORT... The former CEO of Dominion Diamond Mines is launching alab-grown-diamond venture targeting the bridal market, the Financial Timesreported. Patrick Evans's company will produce synthetic stones at aUS location with access to cheap solar power, the report said Sunday. It willsell diamonds above 1 carat, pricing them at a discount of 15% to 20% offnatural diamonds. Evans left Dominion la...Read More
(IDEX Online) - The Board of Directors of CIBJO, the World Jewellery Confederation, has approved the first edition of the Responsible Sourcing Book, which provides a framework and guidance for due diligence related to the responsible sourcing of gemstones and precious metals in the jewelry sector. It becomes the latest in CIBJO's Blue Book series of definitive industry guides for stan...Read More
ASX-listed Newfield Resources is, along with its technical partners PPM, SRK Consulting and Datamine, nearing completion of the front-end engineering design study for its Tongo diamond project, in Sierra Leone.The outcome of the study is expected to be released in the first quarter of this year.AdvertisementMoreover, final mine optimisation is ongoing and is set to be completed shortly.Newfield ha...Read More
(IDEX Online) - ALROSA has announced it is launching operations in Zimbabwe following a visit to Moscow by President Emmerson Mnangagwa. With the support of the Zimbabwe government, ALROSA will develop new mining operations in the country. "Today we see opportunities for a new stage of our partnership," said ALROSA CEO Sergey Ivanov. "We are ready to develop new joint projects for...Read More
The Spain-focused miner produced 42,114 tonnes of copper in 2018 at Proyecto Riotinto, up 13% on 2017 and above the increased high-end guidance of 41,000t.Read More
Pressure growing to boost flagging demand-side fundamentals Overall the supply fundamentals across most of the base metals continue to tighten, or at least remain tight. But the outlook for demand is where the weakness is. The more the global economy weakens, the less impact tightening supply fundamentals will have on metal prices. However, should the demand outlook get a meaningful boost – f...Read More
Weak Chinese data compounds fragile macro...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...Read More
Aluminium The LME aluminium three-month price remains under...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
Copper boosted by a positive turn...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...Read More
First annual decline in China’s...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 s...Read More
Unpredictable NPI growth... We are forecasting Chinese NPI...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