By: Ira EpsteinGold higher high, higher low pattern. Swingline $1807.70..(recorded July 3)Read More
Each of us seeks our own version of the truth when we turn on the news. Tucker Carlson, one of the most courageous and honest journalists of this era, is my choice. He has excoriated Democrats and Republicans alike for their moral cowardice in coddling torch mobs. I can't get my liberal friends to watch him, however, probably for the same reasons they could never get me to watch Rachel Maddow....Read More
Remain on the sidelines in gold, copper and crude oil till UK opens. Overall gold and silver will remain firm as coronavirus is showing no mercy to the human population. USA became a Afghanistan on its Independence Day. Violence and lawlessness is rising with in USA with passing of each day. "Black Lives Matter" is no more a peaceful protest. US dollar attracts less safe haven demand with passin...Read More
The Black SwanWhen "Because" Isn't EnoughGliding into DisorderBig DreamsBirthdays, Anniversaries and the 4th of July"A similar effect is taking place in economic life. I spoke about globalization in Chapter 3; it is here, but it is not all for the good: it creates interlocking fragility, while reducing volatility and giving the appearance of stability. In other words, it creates devastating Blac...Read More
This could finally be silver's week to shine. Here's why... I'd like to share two random thoughts in no particular order of importance.Because that's what you'll get when scanning the mainstream media to start the week: Randomness.That is to say, we've got stock market parties in China and the US because apparently, everything is awesome again, we've got the Covid-19 'second wave' full court press...Read More
RAPAPORT... The Covid-19 shutdown and its consequences have caused many diamond wholesalers and jewelry retailers to reevaluate even the most basic business practices. Is there a new normal for memos as well? Memos, both short- and long-term, have been integral to the industry. "Much of the business is based on a consignment program," says David Rakower, president of New York-based manufacturer Jo...Read More
RAPAPORT... Synthetic-diamond firm Lumex will set up shop in the Dubai Multi Commodities Centre (DMCC), as the trading hub looks to expand its lab-grown sector. "In line with its mandate to attract, facilitate and drive new trade flows through Dubai, DMCC is positioning the emirate as a hub for both the natural and laboratory-grown diamond trade," the DMCC said Monday.Last year, DMCC held its...Read More
(IDEX Online ) - A Chinese jewelry firm based in Wuhan stands accused of securing loans with eighty-three tons of fake gold.Kingold Jewelry is a Nasdaq-listed company based in the city which reported the world's first cases of coronavirus.The allegation made in Caixin, a Chinese publication known for its investigative journalism, is that Kingold used copper-alloy bars with a gold leaf coating...Read More
(IDEX Online) - Dubai is expanding its lab-grown sector by welcoming Lumex to its diamond hub.Lumex was founded in 2018 by the Mehta family, owners of the Rosy Blue empire, and produces diamonds up to two carats.The Dubai Multi Commodities Centre (DMCC) is keen to grow both its mined and lab-grown sectors, with safeguards to ensure the stones remain separate.It says it is "committed to growing the...Read More
U.S. jewelers had great hope for 2020. The 2019 end-of-year November-December holiday shopping season was strong, a trend that carried over to the January-February 2020 Valentine's Day selling period, when jewelry shoppers opened their wallets for their sweethearts. Jewelry industry sales were up solidly by an estimated 7% in the first six weeks of 2020 through February 14, 2020 (...Read More
(IDEX Online) - The manager of a diamond unit in Surat, India, was arrested for allegedly breaching COVID-19 rules.Police say they found 26 employees working at a factory in the Katargam area of the city, which is in lockdown because of localized outbreak of coronavirus, according to a Times of India report.Municipal officers on a routine check reportedly found that the factory, at Gangotri Tower...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesA strike would affect the mines of state copper company Codelco, as well as BHP's Escondida and Spence, and lithium producer SQM in the Antofagasta region. AES operates power generation plants at Nueva Tocopilla and Cochrane, as well as solar power plants, which only supply mining operations."We passed a regulated negotiation two m...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSolaris has strong backing from the Augusta Group, Ross Beaty and Lukas Lundin, and hired well-respected mining analyst and geologist Daniel Earle to run the company as president and CEO.Read More
Asian equities markets were stronger this morning, Monday July 6, and that has helped drive gains averaging 0.8% across the three-month base metals prices on London Metal Exchange.But the strength in markets is happening despite many headwinds with the out-of-control spread of Covid-19 in the United States and other parts of South America and while US-China relations are deteriorating.* Germany...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 40 points in pre-opening trade. Index futures were spurred by overnight strength in international equity markets. The Shanghai Composite Index was notably stronger, up 5.71% to a 30 month high of 3,332.88.Tesla added $69.34 to $1,275.41 after Deutsche Bank raised its target price from $900 to $1000.Harley Davidson (HOG...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Driving more value from your capital projects post COVIDSPONSOREDproudfootIronRidge shows its mettleSPONSOREDironridge resources Low prices for potash, and most other fertilisers affected by sluggish demand during the COVID-19 pandemic, almos...Read More
Lundin Gold (TSX: LUG) has restarted operations at its Fruta del Norte (FDN) gold mine in Ecuador and expects to resume concentrate shipments in the next few days.Operations at the site were suspended in March due to the Covid-19 pandemic. Based on a projected mill ramp-up to 3,500 tonnes per day over the next two months, FDN is expected to generate 150,000-170,000 oz. gold in the second half of t...Read More
Kincora Copper (TSXV: KCC) has reported assay results from the first drill hole at its Trundle copper-gold project in Australia.Drill hole TRDD001 intersected several intervals of gold and copper mineralization from skarn zones within the southern portion of the property, which is situated in the Macquarie Arc of the Lachlan Fold belt in central-west New South Wales. Highlights include 51 metre...Read More
KoBold Metals is investing in battery metal projects using big data and scientific computing with capital from billionaires including Bill Gates and Jeff Bezos.The privately held California-based company has also lured David Broughton, the world-renowned expert in sediment-hosted copper deposits, to lead its hydrothermal systems team."We have the overwhelming majority of his time," Josh Goldman, K...Read More
New Century Resources (ASX: NCZ) has kicked off commercial production at its zinc mine in Queensland, Australia, amid forecasts that see prices for the metal climbing in the coming months as restrictions related to the Covid-19 pandemic ease.The Melbourne-based zinc producer, which bought the mothballed Century mine in 2016, said operations had not been affected by the global pandemic. Instead, Ce...Read More