(IDEX Online) - Consumers are more likely to buy jewelry in the next six months than at any other time during the pandemic, says De Beers.Its monthly research into diamond spending during the COVID-19 crisis reveals what it calls a "glimmer of optimism".Both men and women are more likely to purchase or receive diamond jewelry in the next six months, compared to previous coronavirus waves. Wo...Read More
Bob Moriarty of 321gold presents his investment thesis on Cabral Gold, which is exploring its Cuiu?? Cuiu?? gold project in Brazil. Cabral Cuiu-Cuiu projectBack in July I wrote a short piece about Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS). Shares were $0.155 apiece then, now up 300% even within a two-month correction. After last week's announcement it should be obvious to investors just why.Ove...Read More
China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of supercheap U.S. crude. But the buying spree is about to end.This month alone, China could import between 867,000 bpd, according to Reuters' Refinitiv data, and 900,000 bpd, according to oilfield serv...Read More
RESEARCH HIGHLIGHTS:Gold rebounded quickly and broke to higher prices after the COVID deep selling. Our Fibonacci support levels for Gold are resting near $1,885, $1,815 & $1,790.More downside pressure on price is possible, but if support is maintained at $1,885 then we could see a big upside recovery trend take Gold to $2,250.Just before the COVID-19 collapse in the markets hit near February...Read More
Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it? You don’t have to – just look at the charts below. The first one displays the greenback and the dollar-denominated price of gold. Because other series start much later, I used here the Trad...Read More
China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of supercheap U.S. crude. But the buying spree is about to end.This month alone, China could import between 867,000 bpd, according to Reuters' Refinitiv data, and 900,000 bpd, according to oilfield serv...Read More
RESEARCH HIGHLIGHTS:Gold rebounded quickly and broke to higher prices after the COVID deep selling. Our Fibonacci support levels for Gold are resting near $1,885, $1,815 & $1,790.More downside pressure on price is possible, but if support is maintained at $1,885 then we could see a big upside recovery trend take Gold to $2,250.Just before the COVID-19 collapse in the markets hit near February...Read More
Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it? You don’t have to – just look at the charts below. The first one displays the greenback and the dollar-denominated price of gold. Because other series start much later, I used here the Trad...Read More
LONDON, 27 September 2020 - Demand to buy silver on BullionVault last week outstripped gold demand for the first time reports today's Sunday Times, reaching a total of ?22.9 million against ?20.6m.Also quoting BullionVault analysis as well as its trading data, "Silver, like gold, acts as a safe haven asset and store of value," says the UK's best-selling Sunday broadsheet.Read the full story in t...Read More
Fossils of a mastodon, a giant prehistoric relative of today's elephants, have been discovered at an artisanal gold mine in central Colombia in a find which researchers say could herald a trove of similar specimens.Read full newsRead More
London Metal Exchange three-month prices for all base metals remained under pressure on Friday September 25, with aluminium the only exception to the general downward trend.The LME three-month aluminium price rose 0.66%, and closed at $1,759.50 per tonne after seeing a turnover of 12,776 lots on Friday.Total LME aluminium stocks stand at 1,477,175 tonnes after registering an outflow of 5,050 tonne...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Serbia's RTB Bor copper smelter, owned by Chinese miner Zijin, has been suspended for a reconstruction project due to excessive sulfur dioxide emissions, according to local media reports. The suspension came after the Bor city government filed a criminal charge against the Chinese state-owned miner after registering SO2 levels that exceeded limits on three days in a row last week, Serbian Monitor...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday September 25.China Tight spot availability continued to consolidate the domestic market with prices remaining firm amid positive sentimentSome mills raised their October tender prices for 72% ferro-silicon, while the market was waiting for tender prices from major steel mills ...Read More
Fastmarkets copper concentrate treatment charges/refining charges (TC/RC) index is largely unchanged from a week ago when it rebounded to a month-and-a-half high.Market sources still believe smelter purchases are in the high $40s per tonne/4 cents per lb to the low $50s per tonne/5 cents per lb, with less tendered tonnages available this week.The spot market is less vibrant with Japanese holidays....Read More
Adam HamiltonArchivesSep 25, 2020The gold miners' stocks have just been hammered, plunging to new correction lows. That shattered their indexes' 50-day moving averages, pounding nails in the coffin of this sector's recent high consolidation. This necessary correction probably isn't over yet. It is still small and short compared to this bull market's precedent, the gold stocks are nowhere near over...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday September 25.China The seaborne price for low-grade manganese ore declined amid deteriorating market sentiment and falling alloy futures and portside ore prices. Deals concluded at the start of the week stopped the high-grade market falling despite weakening sentiment weighing on buying appetite. Po...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More