Recent News

$500 SILVER IS NO LONGER THE JOKE YOU THOUGHT IT WAS

August 06, 2020 / www.silverdoctors.com

The central bankers are mad...Chris Duane with Sean on SGTreportLongtime silver bull and creator of the Silver Shield series of coins, Chris Duane returns to SGT Report to discuss the madness of central bankers and the breakout of silver which is now threatening to break its Comex paper chains once and for all.Read More

Inflating A Silver Bubble: Silver Is Now Behaving As A Financial Asset With Speculative Demand

August 06, 2020 / www.silverdoctors.com

Once momentum takes hold, there's no telling where the price may go. Perhaps $50. It happened in 2011 (and 1980). It could happen again!by Keith Weiner of Monetary-MetalsRecently, we've been publishing updates after days when the silver price has spiked up. Now, after Tuesday's trading action, silver trades over $26. Its price moved up over two bucks (about 8%).The long pattern since the peak pric...Read More

WE HAVEN'T SEEN ANYTHING YET: The Coming Tiny Silver Market Explosion

August 06, 2020 / www.silverdoctors.com

Even though the silver price has surged over the past two months, we haven't seen anything yet. Step aside, Tesla... by Steve St Angelo of SRSrocco ReportEven though the silver price has surged over the past two months, we haven't seen anything yet. Step aside, Tesla. Watch what happens when investors begin to understand the true meaning of "STORE OF VALUE." I can assure you; Tesla is no...Read More

Rapaport Weekly Market Comment

August 06, 2020 / www.diamonds.net

Polished market improving due to select demand from US and China. Shortages supporting prices; 1 ct. RAPI +1.9% in July. Jewelers acclimating to new normal by emphasizing digital sales and lower in-store inventory. De Beers considering layoffs and investing in tech to enable more efficient and customized supply. Rough trading slow and availability low after small De Beers and Alrosa sales. Alrosa...Read More

Jewelry Connoisseur Podcast: The Estate Market

August 06, 2020 / www.diamonds.net

RAPAPORT... The estate-jewelry sector has fared well during the Covid-19 crisis as customers have continued to show interest in designer goods, dealer Rick Shatz told the Jewelry Connoisseur Podcast.Higher-end clients - on whom the pandemic has taken a lower toll - have still bought signed pieces, perhaps seeing security in these purchases, Shatz said in an interview with Rapaport Editor in C...Read More

July Figures Cast Cloud over US Retail Recovery

August 06, 2020 / www.diamonds.net

RAPAPORT... The US retail outlook is declining after the country's economic recovery slowed in July amid a resurgence of coronavirus cases, according to the National Retail Federation (NRF). "A lack of clarity regarding job outlook and future finances tends to influence spending behavior," said NRF chief economist Jack Kleinhenz. "Coupled with that, uncertainty about further fiscal support fr...Read More

Alrosa Nearing Inventory Deal with Govt.

August 06, 2020 / www.diamonds.net

RAPAPORT... Alrosa expects to finalize a sale of rough to Gokhran in the next two months, aiming to reduce its stockpiles while ensuring the diamond industry doesn't receive a flood of goods.Gokhran - Russia's state gem and precious-metal depository - would store the diamonds until the market stabilizes, Alrosa deputy CEO Evgeny Agureev said Monday. The parties are currently negotia...Read More

Pandora to Launch Star Wars Jewelry

August 06, 2020 / www.idexonline.com

(IDEX Online) - The Danish jeweler Pandora is to launch a range of Star Wars-themed charm bracelets and other items of jewelry.It's working with Lucasfilm to launch a capsule collection inspired by the 1977 blockbuster and its eight prequels and sequels.Star Wars spawned the most successful ever movie merchandising franchise, grossing an estimated $70bn.The Star Wars x Pandora collection will...Read More

Mining Sell-Off Highlights Sector's Woes

August 06, 2020 / www.diamonds.net

RAPAPORT... Just as the sun emerged from behind the clouds and diamond demand began to recover from a glut in the manufacturing sector, the coronavirus pandemic hit. Its rapid spread forced many miners to shut down temporarily and prevented them from selling their rough. This left several companies on extended care-and-maintenance plans for the foreseeable future, and led some heavyweights to anno...Read More

Chow Sang Sang Profits Plunge

August 06, 2020 / www.idexonline.com

(IDEX Online) - The Chinese jewelry retail chain Chow Sang Sang has warned that its first-half net profits for 2020 could fall by as much as 70 per cent.Profits are expected to be down from $79.4m to $ 25.8m.The COVID-19 pandemic forced it to close most of its 400 outlets in February, and they were only able to re-open the following month with limited hours.The two-week quarantine also deterred fo...Read More

Woman in Court over "Pebbles for Diamonds" Heist

August 06, 2020 / www.idexonline.com

(IDEX Online) - A woman has appeared in a British court over the audacious heist in which a gang swapped $5.3m of diamonds for a bag of worthless pebbles.Georgeta Danila, 52, was extradited from France last month and has now been charged with conspiracy to steal from the luxury London jeweler Boodles (pictured), in March 2016.The thieves posed as wealthy Russian businessmen to dupe jewelers out of...Read More

Company addresses governance issues in the face of board spill

August 06, 2020 / www.mining-journal.com

Artemis all set thanks to unique approachSPONSOREDartemis resourcesPerth-based corporate advisor Liam Twigger, who joined the SolGold board last year, has been appointed as chairman of SolGold.Read More

Broader markets mixed, but weight of money buoys metals, equities

August 06, 2020 / www.metalbulletinresearch.com

Three-month base metals prices on the London Metal Exchange were mixed this morning, Thursday August 6, but the complex was up by an average of 0.4%.Pre-market major western equity index futures and equities in Asian-Pacific markets were also mixed.* Western markets waiting for news on a stimulus package announcement by the United States this week, as well as Friday US employment report...* ...eit...Read More

Tech Talk for Thursday August 6th 2020

August 06, 2020 / www.timingthemarket.ca

Bristol-Myers (BMY) an S&P 100 stock moved above $60.68 resuming an intermediate uptrend. The stock responded to a favourable ruling on a patent for its blood thinner drug.UnitedHealth Group (UNH), a Dow Jones Industrial Average stock moved above $314.69 to an all-time high extending an intermediate uptrend. Western Digital (WDC), a NASDAQ 100 stock moved below $40.47 and $37.65 setting an int...Read More

PRIVATE BLOG - Gold & The Descent into Authoritarianism

August 06, 2020 / www.armstrongeconomics.com

PRIVATE BLOG - Gold & The Descent into AuthoritarianismPrivate 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

Mexico Snapshot: Eight companies to watch

August 06, 2020 / www.northernminer.com

Mexico is an attractive destination for Canadian miners with its mining-friendly policies, prospective mineral belts and well-developed infrastructure and legislation. Below, we provide an overview of eight companies with exploration, development and production-stage assets in the country. Americas Gold and SilverLHD loader at Americas Gold & Silver Cosala project's San Rafael mine in Mexico. Cre...Read More

Iron ore and coking coal prices approach parity

August 06, 2020 / www.northernminer.com

Since the establishment of the spot market for iron ore in 2008 and the inclusion of coking coal prices on the Singapore Exchange in 2014, the price of 62% iron ore has never risen above coking coal, said Clyde Russell, in a column for Reuters news agency on Aug. 5.The spot price of a tonne of iron ore and coking coal, essential materials in steelmaking, delivered on a cost and freight delivered b...Read More

New global tailings guidelines aim for zero harm

August 06, 2020 / www.northernminer.com

The Global Tailings Review (GTR) has released the first-ever Global Industry Standard on Tailings Management, aimed at strengthening best practices around tailings dams in the mining sector, with the goal of zero harm to people and the environment.The standard is the result of a more than one-year process started by the United Nations Environment Programme, Principles for Responsible Investment (P...Read More

Higher metal prices from US dollar fall

August 06, 2020 / www.mining-journal.com

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources The trade weighted index measuring the US dollar against the currencies of advanced countries has fallen by more than 7% since mid M...Read More

Glencore records US$2.6B loss; scraps dividend

August 06, 2020 / www.northernminer.com

Glencore (LSE: GLEN) posted a US$2.6 billion loss after write-downs for the first half of the year and scrapped its dividend, as the coronavirus pandemic dented global demand and lowered prices and production at its mining division.Despite the virus impact, the Swiss commodities trader and miner managed to remain profitable on an operating basis. Glencore posted US$1.5 billion in adjusted earnings...Read More

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