The gold miners’ stockshave rocketed higher this summer, smashing out of their usual summer-doldrumssideways grind. That atypical strengthhas been driven by gold steadily marching to major new secular highs, fueled bystrong investment demand. This hascarried gold stocks and the metal they mine back to their traditional strongseason, which begins with robust autumn rallies usually...Read More
Our hard working miner here (we’ll call him Huey) has been pushing his cart of rocks, first gently downhill from 2016 to 2018 and then uphill to a bull market since May 2019.As tracked in NFTRH, in 2019 the macro backdrop became positive for the gold stock sector as gold entered a bull market by taking out the 1378 level and its ratios to stock markets began to rise. Gold/SPX is among the mo...Read More
RAPAPORT... Chow Sang Sang is expecting profit to plummet for the first half of the year amid store closures and a sharp decline in tourism to Hong Kong.Profit will fall between 65% and 70% year on year to an estimated HKD 200 million ($25.8 million) in the six months ending June 30, compared with HKD 615 million ($78.4 million) a year ago, the company warned last week. The jeweler was forced to s...Read More
RAPAPORT... The American Gem Society (AGS) will resume grading synthetic diamonds after an eight-year pause.The group will offer digital reports for lab-grown stones as part of its Only My Diamond (OMD) platform, an online service to help the user understand the different grading elements, it said Monday. The reports will feature unique color and clarity terminology, laser inscriptions that clearl...Read More
RAPAPORT PRESS RELEASE, August 4, 2020, Las Vegas... Polished diamond prices firmed in July due to supply shortages for select categories. Sentiment remained weak and trading levels low amid new Covid-19 restrictions.The RapNet Diamond Index (RAPI?,,?) for 1-carat polished diamonds rose 1.9% during the month, buoyed by improving investment demand and scarcity of D, IF diamonds. The index has falle...Read More
(IDEX Online) - Christie's has sold a pendant necklace with a 116-carat diamond for $6,290,500 in its first "live" auction in New York since coronavirus.The pear-shaped brilliant-cut diamond (pictured) is 115.83 carats, F color, VVS1 clarity and the platinum necklace includes more than 50 other diamonds, of up to 5.50 carats. The price was shy of its $7m high estimate.The auction house said i...Read More
(IDEX Online) - Dubai is halving business set-up fees to attract new diamond companies and offering 12-months' free membership its diamond exchange. It launched the campaign by lighting up its message on the world's tallest building, the 830-meter high Burj Khalifa (pictured). The emirate has built up a $25bn-a-year diamond trade in the last 30 years, capitalizing on low taxation and co...Read More
(IDEX Online) - India's diamond polishing capital is slowly re-opening after a third lockdown, despite more than 1,700 workers testing positive for COVID-19.City authorities in Surat (pictured) have relaxed some earlier restrictions. From 1 August they have been allowing diamond markets to open six hours a day instead of four, and allowing two workers per polishing mill rather than one, provi...Read More
Look beyond market approach to project valuations: van ZylLeadership88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Castillo, which is already listed on the ASX and is seeking to capitalise on growing demand for copper, is looking to p...Read More
The metals and equity indices were headed in different directions this morning, Tuesday August 4, with equities up and metals down, but good data may well push metals prices higher as the day progresses - especially given better-than-expected US vehicle sales in July.* Nasdaq set another record high on Monday.* US total vehicle sales rose to 14.5 million units annualized in July, sales were expect...Read More
Corn ETN (CORN) moved below $11.61 setting an intermediate downtrend.Pre-opening Comments for Tuesday August 4thU.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.Mosaic advanced $1.32 to $15.00 after reporting higher than consensus second quarter sales and earnings.Take Two Interactive advanced $8.32 to $176.00 after reporting higher th...Read More
PRIVATE BLOG - Economy, Gold & Share MarketPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Gold's rally took another upturn on Tuesday, as it surpassed US$2,000 per ounce.By midday, spot gold had hit US$2,009.20 per oz., and at press time in Toronto had reached US$2,019.40 per ounce.Bullion has surged more than 30% this year to a record high and is one of the best-performing assets in 2020 as a result of increased safe-haven demand during the coronavirus pandemic.Investors are driven...Read More
Malaysia has approved Australian rare earths miner Lynas Corp.'s (ASX: LYC) application to build a permanent disposal facility for waste treatment, a minister said on Tuesday.The miner, the world's only major producer of rare earths outside China, can now proceed with construction of the waste plant, on a site identified by the Pahang state government, Khairy Jamaluddin, science, technology and in...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD), the world's second-largest bullion miner, said today that Canadian junior Skeena Resources (TSX-V: SKE) has decided to exercise an option to acquire a 100% interest in the past-producing Eskay Creek property.Discovered in 1988, the Eskay Creek mine in British Columbia's Golden Triangle was, according to Skeena, once the world's highest-grade gold mine and the f...Read More
Star Diamond (TSX: DIAM) has begun to receive results from Rio Tinto's bulk-sampling program at the Star-Orion South project in central Saskatchewan.Rio so far has processed material from four of the 10 trenches excavated last year from the Star kimberlite at the project, but full results have only been reported from the first trench - 19 FALCT001.A total of 2,517 commercial-sized diamonds weighin...Read More
Silver producer Pan American Silver (TSX: PAAS; NYSE: PAAS) has updated the resource estimate for the La Colorada skarn deposit near its wholly owned La Colorada underground mine in Mexico's Zacatecas state.Inferred resources now stand at 100.4 million tonnes, grading 44 grams per tonne silver, 0.2% copper, 1.77% lead and 4.29% zinc, containing 141 million oz. silver, 199,000 tonnes copper, 1.8 mi...Read More
This week's episode features a wide-ranging interview with Teck Resources president and CEO Don Lindsay at the Canadian Mining Symposium on June 17, 2020. Northern Miner editor-in-chief Trish Saywell asks Don how he started in mining, how the company views the Chinese and Indian markets, as well as the oilsands and ESG, and the shift of its core business towards copper and its QB2 project.Don R. L...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesIt outlines annual production of 35,800 tonnes per year of copper cathode over a 12-year mine life with 40,000tpy of production during the first six years at a life of mine average C1 cash cost ofRead More
Aug 06, 2020 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming As gold prices breached $2,000 an ounce and continue to march higher, one analyst sees momentum continuing all the way to $2,500 by year end.E.B. Tucker, director of Metalla Royalty and Streaming and author of "Why Gold, Why Now? The War Against Your Wealth and How to Win It?" said that this current bull rally has not run o...Read More