Joel Jackson was born in Mississippi.His father was a deadbeat and his mother was a heroin addict.At 8 years old, Joel was responsible for looking after his younger siblings while his mother would disappear for days at a time.At 10, he was placed in foster care, and at 15, he was homeless.But despite being dealt a crappy hand in life, Joel managed to survive.He went to school, mostly because that'...Read More
Freeport Resources' new copper-gold project in Papua New Guinea already has a 5.7 million ounce gold equivalent resource estimate. Papua New Guinea, located along the Pacific Rim of Fire, features a number of large gold-copper mines, including the massive Ok Tedi copper, gold and silver mine and the Porgera gold mine. Across the border, on the Indonesian side of the island, sits Freeport McMoRan'...Read More
Technical analyst Clive Maund takes a look at silver and explains why he believes it's a good time to build positions. More than a few traders are confused about what is going on with silver here after its recent reaction, but when we look at its long-term chart the situation quickly becomes clear. So we will start this update by looking at silver's 13-year chart in order to get big picture persp...Read More
Technical analyst Clive Maund charts recent movements in the gold market and what they may indicate going forward. In the last Gold Market update we had thought that it might break out upside from the Triangle that was forming, mainly because of its positive Accumulation line coupled with favorable seasonal factors, but instead, after moving sideways for a while, it broke down, as we can see on i...Read More
Cabral Gold reported channel sample results measuring 24.0 g/t gold at its Jerimum North target located within the Cui? Cui? gold district in northern Brazil. Cabral Jerimum NorthIn a news release, Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCBB) announced channel sampling results for its Jerimum North target located in the Tapaj?s Region's Cui? Cui? gold district within the state of Par? in northern Br...Read More
Troilus Gold reported surface samples returned up to 9.7 g/t gold and 32.5 g/t silver from outcrop. Beyan areaTroilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced in a news release it discovered a new zone of gold mineralization at its Troilus project in Quebec's Fr?tet-Evans greenstone belt, which it is calling Beyan.It is located 8 kilometers to the southwest of the Southwest zone and currently...Read More
Ely Gold Royalties' new royalty will be on 46 mining claims surrounding the Cot? gold project. In a news release, Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) announced it agreed to purchase a 1% net smelter returns royalty on 46 mining claims in Ontario from Sanatana Resources for total consideration of $3 million.The claims, also known as the Watershed property, are located in Onta...Read More
The Fed Vice Chair says that the Fed will not even think about hiking interest rates until the inflation reaches 2 percent. Meanwhile, the price of gold decreases further. What is exactly happening in the gold market?Over the last week, several Fed officials spoke publicly with the purpose of convincing investors that their new policy strategy would be positive for the economy. Powell himself test...Read More
The notion that silver is just an "Industrial Metal" was utterly destroyed today. The silver market is rapidly changing... by Steve St Angelo of SRSrocco ReportThe notion that silver is just an "Industrial Metal" was utterly destroyed today as both the copper and oil prices were crushed as silver surged higher. This is precisely what I was looking for as a positive sign showing that silver is...Read More
Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSSure, the DOJ & JP Morgan say there was some spoofing, a few traders got convicted and some fines got paid, but there has been no wrong that has been corrected...Rob Kirby of Kirby Analytics interviewed by Paul "Half Dollar" Eberhart of Silver DoctorsRob Kirby of Kirby Analytics sat down with Paul "Ha...Read More
Trading quiet due to Chinese and Jewish holidays and Covid-19 uncertainty. Expectations low for Oct. 1 Golden Week Hong Kong retail sales. Global brands focusing on China and e-commerce as mainland luxury shoppers limit travel, impacting seasonal sales at Hong Kong, New York and London flagships. Government crackdown on diamond smugglers ensures level playing field for legitimate traders looking t...Read More
RAPAPORT... The Antwerp World Diamond Centre (AWDC) has reshuffled its leadership team, with president Nishit Parikh retiring and six new members joining the board.Parikh, the CEO of Diarough, chose not to run again following two years in the position, the AWDC said Thursday. The Belgian organization will elect a new president from among its members.Meanwhile, the AWDC held "Covid-19-safe" el...Read More
(IDEX Online) - An exceptional 119-carat untreated royal blue Burmese sapphire is to be sold by Sotheby's.The auction house says it's the largest sapphire of its kind it has ever offered.The legendary Rockefeller Sapphire, which is half the size, sold for $3m in 2001. The 62.02 carat rectangular step cut stone was bought in 1934 by the billionaire John D. Rockefeller Jr from an Indian Ma...Read More
RAPAPORT... The Indian government has permitted rough-diamond importers to correct errors on Kimberley Process (KP) certificates, removing an obstacle that had been preventing the clearance of goods.The country's Directorate General of Foreign Trade has empowered the Gem & Jewellery Export Promotion Council (GJEPC) to approve fixes to technical or typographical mistakes. The new rule appl...Read More
RAPAPORT... China has arrested 121 people suspected of bringing CNY 3.88 billion (around $570 million) in diamonds into the country through illegal channels since 2015, according to a state-owned newspaper.Officials seized more than 2,520 diamonds, more than 4,000 broken diamonds, and 158 pieces of diamond jewelry during the raid in early September, China Daily reported last week. Authorities...Read More
RAPAPORT... Mountain Province shareholders have approved a refinancing deal that will allow one of its major investors to buy out its current credit facility.Dunebridge Worldwide, which is controlled by Dermot Desmond, who owns just over 32% of Mountain Province's stock, will take ownership of the $25 million secured loan held by the miner's existing lenders, Mountain Province said Wednesday. Dune...Read More
(IDEX Online) - Diamond factories will remain open in Surat, India, over the Diwali, the Hindu festival of light, to fulfil export orders.Manufacturers in the world's cutting and polishing capital say they can't afford to turn away business and take the traditional two-to-four-week break.An estimated 650,000 artisans will carry on working over the festive period (Diwali is 14 November th...Read More
(IDEX Online) - Jewelry sales in Hong Kong continue to suffer from the pandemic and quarantine restrictions, but August's slide was less dramatic than recent months.Revenue from jewelry, watches, clocks and other valuable gifts was down 38 per cent year-on-year to $317.5m according to figures published yesterday by the Hong Kong Census and Statistics Department (there is no further breakdown...Read More
(IDEX Online) - The global pandemic has seen another month of uncertainty in the diamond world. Most prices and many of the size categories shown remained virtually unchanged during September. Overall, the gains outweighed the losses, but only just, suggesting the industry is still playing more of a waiting game than returning to "business as usual".HIGHLIGHTSROUNDS0.50-0.69 c...Read More
RAPAPORT... The International Gemological Institute (IGI) recently graded a 116-carat, black synthetic diamond that ranks as the largest lab-grown diamond of its color.The 115.65-carat, type IIb stone was produced by UK-based Meylor Global using High Pressure-High Temperature (HPHT), and was accompanied by a second black lab-grown diamond weighing 109.58 carats, IGI said Wednesday."The innova...Read More