(IDEX Online) - Total sales of jewelry and watches in the US kept climbing in August, up by 9.3 per cent. That's the biggest monthly increase for four years. The July figure has been revised down from 9.0 per cent to 7.5 per cent, based on through-the-till transactions, rather than estimates. Revised sales for June were actually slightly higher, up from 3.7 per...Read More
(IDEX Online) - A team of jewelers in India have created a ring set with a record 7,801 diamonds.The design, based on a rare, sacred Himalayan flower, has 46 petals, with diamonds covering every available surface.The ring was painstakingly crafted over 11 months by The Diamond Store by Chandubhai, in Hyderabad - part of Hallmark Jewellers.It narrowly beat the previous holder of the Gui...Read More
(IDEX Online) - The US government has imposed sanctions on an Australian gemstone trader over his alleged links to al-Qaeda, the terror group behind the 9/11 attacks that claimed almost 3,000 lives. It says Ahmed Luqman Talib, 30, from Melbourne, acted as a "financial facilitator", moving money round the world to fund terrorist activity.Police raided his home yesterday in the Melbourne suburb...Read More
Half of the base metals prices on the London Metal Exchange have in recent days risen to multi-month highs, with copper reaching levels not seen since June 2018, and all of the metals are pushing higher this morning, Wednesday October 21.* Some strike action in copper in Chile has added fuel to copper’s rally* High expectations for a further stimulus ahead of the US presidential election has...Read More
Long term U.S. Treasury iShares (TLT) moved below $158.28 extending a short term downtrend. Chile iShares (ECH) moved above $24.44 extending an intermediate uptrend. Units are responding to higher copper prices. Chile is the world's largest copper producing country.Biogen (BIIB), a NASDAQ 100 stock moved below $265.05 extending an intermediate downtrend. The stock responded to disappointing third...Read More
The International Copper Study Group (ICSG) has released its copper market forecast for 2020-21 and expects this year will mark the second consecutive year of decline in world copper mine production.After a drop of 0.2% in 2019, the ICSG anticipates that global copper mine production will fall by about 1.5% this year, before growing by about 4.5% next year.The forecast is in line with estimates...Read More
Sun Metals (TSXV: SUNM) has announced assay results for drill holes completed at its wholly owned Stardust project in north-central British Columbia.The intercepts confirm continuous high-grade copper-gold mineralization over 900 metres down-plunge, continuous between the Canyon Creek and deeper 421 zone at the property, the company said.The intercept, highlighted in a news release, is from hole D...Read More
A feasibility study on Battle North Gold's (TSX: BNAU; US-OTC: BNAUF) Bateman project in the Red Lake district has defined a seven-year, 1,315-tonne-per-day underground operation.The development features a 21-month construction and ramp-up period, which includes 14 months of gold production that would offset some of the capital expenditures.The project funding requirement stands at $93.2 million,...Read More
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) has grown its Crawford nickel-cobalt sulphide project near Timmins, Ontario.According to an updated resource estimate, total measured and indicated resources now stand at 657 million tonnes grading 0.26% nickel for 1.7 million tonnes of contained nickel, a 9% increase from the previous estimate, while inferred resources jumped by 121% to 646 million...Read More
The all-in sustaining costs (AISCs) metric has been widely used in the mining industry since 2013 for its comprehensive and transparent look at an operation's costs.According to data from Miningintelligence, Lundin Mining's Chapada mine was the clear winner among global copper operations with AISCs at $1,411 per tonne during the second quarter of this year.In second and third place are two mines...Read More
Atalaya Mining (TSX: AYM; LSE: ATYM) is acquiring the Masa Valverde polymetallic project in Spain for a total of ?,?1.4 million (US$1.7 million) in cash from a private vendor.The first payment for the project, which is 28 km southwest of Atalaya's Proyecto Riotinto operation, is due when the mining permit is granted, and the second payment, when first production is reached.Masa Valverde has an inf...Read More
A long-running battle between Nordgold (LSE: NORD) and China's Shandong Gold Mining over Cardinal Resources (ASX: CDV) took a fresh turn, after the Russian gold miner matched Shandong' s latest bid of A$1 per share.Both suitors have been locked in a back-and-forth contest for the Australian miner - which owns the 5.1 million-oz. Namdini gold project in Ghana - since Nordgold put forward a A45.7 ?...Read More
An investment of at least US$1 trillion will be needed in key energy transition metals over the next 15 years "to meet the growing demands of decarbonization," reports consultants Wood Mackenzie, noting that the figure is almost twice the amount invested over the last 15 years."Put simply, the energy transition starts and ends with metals," the consulting firm said. "If you want to generate, trans...Read More
The Copper/Gold ratio is saying something. That something is that a cyclical, pro-inflation and thus pro-economic reflation metal shown earlier, remaining nominally positive on a down market day has, in relation to gold, taken out two important moving averages (daily SMA 50 & SMA 200) and is currently riding the short-term EMA 20 upward. RSI and MACD are positive.Copper: Pro-cyclical inflation...Read More
Inflation is back. OK, not inflation, but inflation expectations. As the chart below shows, they plunged during the coronavirus crisis, but they have already recovered. Currently, and based on the inflation-protected Treasury yields, Mr. Market expects that inflation will be, on average, 1.5 percent in the next five years and 1.7 percent in the next ten years. Meanwhile, the real bond yields have...Read More
CLEAR PRICE CHANNEL MAY PROMPT BIG BREAKOUT OR BREAKDOWN MOVE IN OILIn this report, I discuss the recent price action in crude oil and how economic conditions and the pennant flag chart pattern is indicating a big price move is about to take place over the next few weeks. While some of you may want a clear, bold prediction as to whether a breakout or breakdown may happen, as technical trader...Read More
RAPAPORT... Gemological Science International (GSI) has launched a new online educational course dedicated to lab-grown diamonds, it said Tuesday.The Laboratory-Grown Diamond Essentials class was created in response to the rapid rise in the number of companies active in the sector, as well as increased consumer demand for synthetics, GSI noted. "It is imperative that the jewelry industry has the a...Read More
The Copper/Gold ratio is saying something. That something is that a cyclical, pro-inflation and thus pro-economic reflation metal shown earlier, remaining nominally positive on a down market day has, in relation to gold, taken out two important moving averages (daily SMA 50 & SMA 200) and is currently riding the short-term EMA 20 upward. RSI and MACD are positive.Copper: Pro-cyclical inflation...Read More
Inflation is back. OK, not inflation, but inflation expectations. As the chart below shows, they plunged during the coronavirus crisis, but they have already recovered. Currently, and based on the inflation-protected Treasury yields, Mr. Market expects that inflation will be, on average, 1.5 percent in the next five years and 1.7 percent in the next ten years. Meanwhile, the real bond yields have...Read More
CLEAR PRICE CHANNEL MAY PROMPT BIG BREAKOUT OR BREAKDOWN MOVE IN OILIn this report, I discuss the recent price action in crude oil and how economic conditions and the pennant flag chart pattern is indicating a big price move is about to take place over the next few weeks. While some of you may want a clear, bold prediction as to whether a breakout or breakdown may happen, as technical trader...Read More