Do precious metals still represent good value?With gold justcoming off a new all-time high above $2,000/oz and silverhaving more than doubled off its March bottom, some investors may be wary ofentering these markets right now.However, when adjusted for inflation, whenmeasured against the stock market, or when compared to total money supply, astrong case can be made that gold is not yet overvalued...Read More
The forecasted pullback is clearly well underway. Silver's 200-day is at $18 and rising, but watch $23. A sharp move below there, and watch for $19...by David Brady via Sprott MoneyToday's article will be relatively simple and straightforward. At the risk of repeating what I've said since June 6, the forecasted pullback is clearly well underway. The only question that matters now is where the low...Read More
How long will it take them to understand that the price manipulation GAME IS ENDING and it will all come down to Who Holds the Physical?!by Bix Weir of Road to RootaSilver is scarce. Very Scarce and the Silver Users know it. How long will it take them to understand that the price manipulation GAME IS ENDING and it will all come down to Who Holds the Physical?!Read More
RAPAPORT... De Beers has reduced prices of rough larger than 1 carat ahead of next week's sight amid a gradual improvement in demand and shortages in certain categories, sources told Rapaport News. The reductions were around 6% to 8%, according to sightholders and other industry insiders who spoke with Rapaport News Thursday. "Very few people have seen their goods and received their prices, b...Read More
Polished market improving as governments ease Covid-19 restrictions. Dealers emphasizing digital trading. US and China driving demand for select categories. Uptrend in 0.30 to 0.89 ct. SIs. Suppliers staying firm on prices as dealers struggle to fill orders. Cutters consider increasing production as expectations rise for holiday season. Alrosa 2Q profit -98% to $3.6M. Tiffany extends traceability...Read More
RAPAPORT... India's finance ministry has agreed to form a special group to help resolve issues affecting the country's gem and jewelry industry.The task force will address various requests made by the trade, such as enabling direct sales of rough diamonds by miners in the country, reducing the polished import duty to 2.5% from 7.5%, and issues pertaining to the goods and services tax (GST), the Ge...Read More
RAPAPORT... Discretionary spending on jewelry could increase as US consumers reallocate funds they would have used on travel, dining and other experiences prior to Covid-19, according to a De Beers report."As some consumers find themselves with additional discretionary income as a result of spend in other areas such as travel being canceled, there is potential they will allocate this to alternativ...Read More
RAPAPORT... A ring made entirely of natural diamond has become the first of its type to reach the Gemological Institute of America (GIA) for evaluation.The 13.15-carat, fancy-dark-grey diamond originated from a rough stone weighing around 20 carats, the GIA said in the spring issue of its Gems & Gemology journal, which it published last month. A customer recently submitted the piece to th...Read More
(IDEX Online) - It's a diamond ring, but not as we know it. The entire piece (pictured) has been carved from a fancy dark grey natural rough type IaB diamond and weighs 13.15 carats.The Gemological Institute of America's New York lab say it's the first ring of its kind submitted to them for evaluation.It probably started life as a 20-carat rough, they say in the spring is...Read More
RAPAPORT?EUR?PRESS RELEASE, August 18, 2020, New York... The Rapaport Group congratulates the governments of the United Arab Emirates (UAE) and Israel on the normalization of relations. Trade ties between the two countries are expected to improve with significant opportunity for the diamond and jewelry industry. The Rapaport Group with offices in the Dubai Diamond Exchange and Israel Diamond Excha...Read More
(IDEX Online) - Women alleging sex bias by Sterling Jewelers are calling on the US Supreme Court to allow them to pursue a joint action.A group of 70,000 current and former employees claim Sterling, a subsidiary of Signet Jewelers, paid them less than men and gave them fewer promotions. Sterling strenuously denies the claims.Last November, Sterling persuaded a court that only a few hundred women w...Read More
(IDEX Online) - Tiffany & Co is to provide unprecedented detail on the provenance of its diamonds, by telling customers exactly where each stone was mined, sorted, graded, cut and set.The New York-based jeweler says it will share the "full craftsmanship journey" for each each newly-sourced, individually-registered stone of 0.18 carats or above, to show its commitment to complete traceability.I...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMuch of the increase was due to the impact of higher precipitation estimates on water management infrastructure and operating costs, and changes in power supply from liquified natural gas to diesel.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe London-listed company (ANTO) is now guiding for full-year net cash costs of $1.20/lb, 10c/lb below its original guidance, after achieving a 5.Read More
Three-month base metals prices on the London Metal Exchange were mostly weaker this morning, Thursday August 20, as were Asian-Pacific and pre-market major western equity index futures.* Gold prices are rebounding after Wednesday’s 3.3% sell-off.* US equities retreated on Wednesday after the Federal Reserve minutes highlighted concerns about the US recovery.Base metalsThe three-month base met...Read More
Zoom (ZM), a NASDAQ 100 stock moved above $281.00 to an all-time high extending an intermediate uptrend. Pre-opening Comments for Thursday August 20thU.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for August Philly Fed Index was a slip...Read More
Impact investing has become a strong emergent trend over the last decade. It is a trend, however, that has largely avoided the mining industry, and the mining industry has largely avoided impact investors. Is the mining industry now ready for impact investors and should impact investors invest in the mining industry?Andrew Cheatle on assignment at Troilus Gold's project in Quebec. Credit: Andrew C...Read More
Trilogy Metals (TSX: TMQ; NYSE-AM: TMQ) has announced the results of a feasibility study on its 50%-held Arctic copper-zinc-lead-silver-gold project in northwestern Alaska's Ambler mining district.The study suggests a 10,000-tonne-per-day, 12-year open-pit operation, with a conventional mill and flotation process, producing copper, zinc and lead concentrates.The proposed operation would produce an...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsThe Gorno zinc mine, about 90km northeast of Milan and closed since 1985, seemed set for a new lease of life when Perth-based uraniu...Read More
Canada's national association for miners, the Mining Association of Canada (MAC), is weighing in on the federal government's decision to review Teck Resources' (TSX: TECK.B; NYSE: TECK) proposed Castle Mountain metallurgical coal project in B.C., saying the additional review is unnecessary as the project is already undergoing a rigorous provincial environmental review process, and accusing the gov...Read More