(IDEX Online) - Police in India are hunting three men alleged to have duped a diamond dealer by switching genuine stones worth $118,000 with fakes.They visited the victim's office at the Bharat Diamond Bourse, Mumbai, where they examined and photographed a selection of diamonds and their pouches.They returned later, chose 320 carats and asked for them to be set aside until while they went to...Read More
(IDEX Online) - Members of Qatar's royal family are locked in a legal battle over The Idol's Eye, a 70.21-carat Golconda diamond with an estimated $10m value.Qipco, a private investment company run by art collector Sheikh Hamad bin Abdullah al-Thani has filed a lawsuit in London against Elanus Holdings Limited, based in Guernsey.Qipco claims Elanus is owned by the late Sheikh Saud bin Mo...Read More
(IDEX Online) - The Indian government is facing calls to abolish import duties on seeds, the raw materials for lab grown diamonds.Industry leaders are also pressing for a presumptive taxation policy on diamonds at special notified zones and a more 'friendly' jewelry repair policy.All the moves outlined would create jobs and boost exports, according to Colin Shah, former chairman of the G...Read More
On Friday, copper gained 2.5% to US$8569.90 per tonne, or $3.91 per pound, the highest price since June. The red metal is enjoying improved sentiment since China announced its reopening.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade.Goldman Sachs added $4.32 to $348.08 after announcing plans to cut 3,200 employees.Lululemon dropped $45.23 to $284.03 after lowering fourth quarter earnings guidance. Tilray dropped $0.10 to $2.85 after reporting a fiscal second quarter loss. Abercrombie & Fitch added $1.21 to $26.41...Read More
Bill Powers explains six points to consider before buying a junior resource stock IPO. The monologue warns retail investors to be ...Read More
Recent world events have changed western government views of critical metals. Wanting to be part of the critical minerals space, ...Read More
Wall St. For Main St., Released on 1/9/23During this 20+ minute interview Jason asks Jim about past commodities cycles and the financial history of how governments historically deal with too much debt. Jim thinks that China re-opening will cause a rally in commodities, at least in the short term as demand increases from Chinese demand.Over 200 articles (almost 250), audio podcasts & interviews wit...Read More
New York Post, Released on 1/9/23The Biden administration is considering a nationwide ban on gas stoves - citing the harmful pollutants released by the appliances, according to a report. Continue... Biden administration weighs nationwide ban on gas stoves added by Herman James on 01/10/2023View all posts by Herman James ?+'Read More
Daily Reckoning, Released on 1/9/23The view was that the Chinese just "needed time" to catch up, but sooner than laterContinue... Rickards: China: Death of a Dream added by Herman James on 01/10/2023View all posts by Herman James ?+'Read More
Gold’s nasty divorce from the U.S. dollar was finalized in August 1971 when President Richard Nixon suspended any further convertibility of U.S. dollars into gold by non-U.S. citizens. That action removed any remaining links between the dollar and gold.Without convertibility, any official price for gold became meaningless. At that time, the official U.S. dollar price of gold was raised from...Read More
The project would yield an after-tax net present value of US$726 million at a 5% discount rate and an internal rate of return (IRR) of 39% and 1.9-year payback at a base case silver price of $22.Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingLa Negra was placed on care and maintenance in 2020 and formerly produced more than 3Mozpa of silver-equivalent including silver, lead,...Read More
China is reopening.The China reopening story is the most powerful market narrative going on today. At least for now, it's more powerful than any Fed analysis, the prospect of a recession, and even lower energy prices in terms of what's driving investor behavior.Of course, the key word is "narrative."It's a powerful story but that does not mean the story is true. If it affects investor behavior, th...Read More
New Pacific Metals (TSXV: UAG) has delivered a strong preliminary economic assessment for its Silver Sand project in Potosi department, Bolivia. The PEA confirms the potential to develop a low capital intensity conventional open pit and tank leach operation at Silver Sand, producing on average 12 million oz. of silver in dor?(C) bars per annum over a 14-year mine life, generating solid financial m...Read More
Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) says new assays from the past-producing Eagle mine at its Joutel project in Quebec are the strongest yet and show a wider mineralized corridor than previously thought. Drill hole EM-22-015 intersected 10.3 grams gold per tonne over 7.8 metres from 228 metres downhole, including 41.1 grams over 1 metre, Maple said in a news release on Monday. Only 20%...Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This period's top drill assays come from Canada, Peru and Australia. Scottie Resources (TSXV: SCOTT) reported the best assay in hole SR22-156, which intersected 2.4 metres, grading 194 grams gold per tonne from 148 me...Read More
Ivanhoe Mines' (TSX: IVN; OTC: IVPAF) flagship Kamoa-Kakula mining complex in the Democratic Republic of the Congo (DRC) produced a total of 333,497 tonnes of copper concentrate during the past calendar year, the company said Monday. Kamoa-Kakula's 2022 copper production represents the upper end of its original guidance range of 290,000 to 340,000 tonnes,. It also represents a 215% output increas...Read More
Tianqi Lithium Energy Australia (TLEA), a joint venture between Tianqi Lithium (HKG: 9696) and IGO Ltd (ASX: IGO), has made a A$136 million ($126 million) bid to acquire lithium explorer Essential Metals (ASX: ESS) as part of the partners' plan to expand their footprint into Western Australia.TLEA, which is 51% owned by China's Tianqi Lithium and 49% by Australian miner IGO Ltd, set the bid at 5...Read More
U.S. markets rose moderately last week after investors digested mixed news on the work front. Markets initially retreated after employers added 223,000 jobs in December, more than analysts expected, which raised concerns the economy's strength would prompt the Federal Reserve to extend its program of interest rate hikes to control inflation. However, another report showing wage gains were slowing...Read More