Keith Weiner, Monetary MetalsOne of our colleagues recently wrote an open letter to Ted Butler. The point was that Monetary Metals gold leasing is a different kind of activity than what is called "gold leasing" in the institutional bullion market. We make it possible for gold owners to lease their metal to gold-using businesses, and thereby earn interest in gold. Today, I want to discuss someth...Read More
Gold will break free from the recent consolidation phase and form a new range. Silver is bullish. Copper and crude oil are in a neutral zone to bullish zone. Better to remain on the sidelines today. A weaker US dollar will ensure that all metals rise before close. Trump has ended special status to Hongkong. (to me Hongkong is a part of China just like Palestine belongs to Palestinians and not to...Read More
Bob Moriarty of 321gold profiles a company that is about to begin a drill program on its silver project in Mexico. No one else has said this and it's either because they don't see it or don't understand it but when the Central Banks around the world declare war on their currencies, they are going to win that war. For all practical purposes, the Fed has issued a double your money back guarantee fo...Read More
This Raymond James report discusses why the firm believes MAG Silver "is one of the better options for investors looking for exposure to silver." In a July 9 research report, analyst Brian MacArthur reported that Raymond James resumed coverage on MAG Silver Corp. (MAG:TSX; MAG:NYSE A) with an Outperform rating and a CA$22 per share target price. The company's current stock price is CA$20.53 per s...Read More
Sometimes when we observe people on the streets, when we see crowded restaurants and pubs, it seems like the pandemic has ended. But is the global epidemic really over? Not at all. Please look at the chart below. As one can see, the daily number of confirmed cases of COVID-19 in the world is still in an upward trend. However, in the developed countries the number of daily new cases has declined a...Read More
As a contrarian and long-term holder of Goldcorp. (now Newmont), the latest push higher in the price of gold begs the question: is now the time to sell?The concern, for the uninitiated, is that after the price of gold moves powerfully higher there is an uncanny tendency for forces to mysteriously align and push prices powerfully lower.These “forces” (excuse the conspiratorial flare), h...Read More
Craig HemkeThere was a time when the total U.S. fiscal deficit and debt seemed to matter. Apparently, that time has passed.Oh, my goodness. The good old days. I'm old enough to remember 2009 and all the rage about "exploding deficits" and "stealing our children's future". Heck, I even flew a Gadsden Flag for a while and attended a "Tea Party" rally near my home.Back then, as the U.S. struggled t...Read More
Keith Weiner, Monetary MetalsOne of our colleagues recently wrote an open letter to Ted Butler. The point was that Monetary Metals gold leasing is a different kind of activity than what is called "gold leasing" in the institutional bullion market. We make it possible for gold owners to lease their metal to gold-using businesses, and thereby earn interest in gold. Today, I want to discuss someth...Read More
Gold will break free from the recent consolidation phase and form a new range. Silver is bullish. Copper and crude oil are in a neutral zone to bullish zone. Better to remain on the sidelines today. A weaker US dollar will ensure that all metals rise before close. Trump has ended special status to Hongkong. (to me Hongkong is a part of China just like Palestine belongs to Palestinians and not to...Read More
RAPAPORT... The Natural Color Diamond Association (NCDIA) plans to build a "United Nations" of ambassadors to promote the qualities of natural-color diamonds in their respective countries."Most organizations like ours are searching for ways to move forward after the impact of the world economies shutting down due to the pandemic," NCDIA president Alan Bronstein said Tuesday. "Like other leadi...Read More
RAPAPORT... Twelve jewelry designers have received the Manufacturing Jewelers & Suppliers of America (MJSA) Vision Award, which this year includes a new category for colored-stone distinction.The prizes honor outstanding creativity, craftsmanship and technological prowess, as well as originality and functionality. MJSA awards them to both professionals and students, the trade organization...Read More
RAPAPORT... Christie's garnered $338,781 from an online charity auction of Anna Hu jewels that will help support the families of health-care workers who lost their lives fighting Covid-19.The sale, which benefited Alrosa's new social-responsibility initiative, Diamonds That Care, featured three pieces by the designer. The Russian miner contributed 500 white and fancy-colored, brown-toned poli...Read More
RAPAPORT... Sarah Kuijlaars will take over as chief financial officer of De Beers on September 1, succeeding Nimesh Patel, the miner announced Wednesday. She will also join the company's board and executive committee.Kuijlaars was previously CFO of Arcadis, a global consultancy on design and engineering headquartered in the Netherlands. Before that, she was deputy CFO at Rolls Royce Holdings,...Read More
RAPAPORT... A New York-based designer plans to establish a trade organization to help jewelers from the black, indigenous and people of color (BIPOC) community progress in the industry."We will begin with a focus on education through outreach to high-school students," Angely Martinez told Rapaport News Tuesday. "We will then implement programs such as funding and mentorship for emerging talen...Read More
RAPAPORT... Sales in Chow Tai Fook's Hong Kong stores dropped sharply in the first fiscal quarter amid a decrease in tourism and weak consumer sentiment due to the coronavirus pandemic.Retail sales slid 69% in Hong Kong and Macau in the three months ending June 30, while same-store sales - at branches open for at least a year - plunged 76%, the jeweler reported Tuesday. That drop heavily outw...Read More
(IDEX Online) - Surat's diamond industry remains at a standstill after another surge in COVID-19 cases.The city's 5,000 factories had been due to re-open yesterday after a two-week closure.But the Surat Diamond Association is urging all diamond units, markets and safe vaults to remain closed until 19 July at the earliest to prevent further infections.Surat Diamond Association president B...Read More
(IDEX Online)- Three spectacular pieces of diamond jewelry sold for $338,781 at auction to support the families of healthcare workers who lost their lives battling COVID-19.They were specially created by renowned Taiwan-born designer Anna Hu and were sold by Christie's in Hong Kong to help Diamonds That Care, a social responsibility initiative launched by Russian miners Alrosa.Ms Hu also dona...Read More
(IDEX Online) - Rough sales fell by 80 per cent during Q2 at Lucapa's Lulo Mine, in Angola, as the COVID-19 pandemic continued.Price per carat was down by 67 per cent, said the Australia-based miner in its quarterly report. Lucapa has now resumed drilling at five prospective pipes and two other priority alluvial targets at Lulo (pictured) in the Canguige catchment after an enforced shutd...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resources"The time has come to put an end to SolGold's suspect corporate governance and self-dealing practices," Cornerstone chair Greg Chamandy said in a statement.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesProduction for the quarter amounted to 13,635 tonnes - a record for the company. Atalaya said the increase was driven by higher throughput, with higher recovery compensating a drop off in grade.However, output was 5% below the estimate of Canadian bank BMO.Artemis all set thanks to unique approachSPONSOREDartemis resources"The slig...Read More