$962.86!!!That's what Tesla (NASDAQ: TSLA) was trading at on February 4, 2020.I couldn't believe it.When I first started writing about Tesla, back before it was even a public company, I never could've imagined that the stock would steadily climb more than 4,700% within such a short amount of time.Of course, some would argue that nine years is not a short amount of time. But a CAGR of roughly 50% i...Read More
By: Chris MarcheseChief Mining Analyst at GoldSeek & SilverSeekTicker: FSM (NYSE), FVI (TSX)Shares Outstanding: 160.2m (Basic), 164.5m (Fully Diluted)52 Week High-Low: $4.59-$2.39(2/05/2020) Fortuna Silver, one of the stalwarts amongst primary silver producers is now in the transition phase from deriving roughly and equal amount of revenue...Read More
By: Gary SavageBull market patterns repeat themselves. Giving up when frustrated, giving up right before the up moves..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold bouncing with a stock market, literally on fire! So where are we in these metals? Read More
Central banks believe that by injecting additional liquidity everything will be fine. Interest rate cut is the buzz word this year. The purchasing power of your national currency will rapidly fall on every massive liquidity injection. Use sharp dips to invest in gold for the long term. Corona virus is spreading with passing of each day. Numbers of deaths are rising each day in China. Numbers of...Read More
Theprecious metals market didn’t do much yesterday, but – what may seem surprising- that’s quite bullish. It’s bullish, because the USD Index rallied to newyearly highs and this “should have” caused the PMs and miners to decline. Itdidn’t, which suggests that the decline is not yet ripe for continuation. Inthis case, the most likely scenario is that we&rsq...Read More
Last week we noted that the risks in preciousmetals were primarily technical. Sentiment and technicals urge caution over theshort-term. The net speculative position in Gold hasremained high for months while the 21-day daily sentiment index (DSI) hit 81%.Since the sector peak five months ago, Silver and the gold stocks havecorrected in price while Gold has made a new high.That non-confirmation has...Read More
By: Chris MarcheseChief Mining Analyst at GoldSeek & SilverSeekTicker: FSM (NYSE), FVI (TSX)Shares Outstanding: 160.2m (Basic), 164.5m (Fully Diluted)52 Week High-Low: $4.59-$2.39(2/05/2020) Fortuna Silver, one of the stalwarts amongst primary silver producers is now in the transition phase from deriving roughly and equal amount of revenue...Read More
By: Gary SavageBull market patterns repeat themselves. Giving up when frustrated, giving up right before the up moves..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold bouncing with a stock market, literally on fire! So where are we in these metals? Read More
Central banks believe that by injecting additional liquidity everything will be fine. Interest rate cut is the buzz word this year. The purchasing power of your national currency will rapidly fall on every massive liquidity injection. Use sharp dips to invest in gold for the long term. Corona virus is spreading with passing of each day. Numbers of deaths are rising each day in China. Numbers of...Read More
"It's all happening, right now as we speak!"by Bix Weir of Road to RootaLooks like JP Morgan is FINALLY being exposed as the engine behind Silver Price Manipulation for OVER A DECADE! WHY is this being leaked now? I think I know! Hang on tight. Read More
Hong Kong shows postponed to May 18-21 as coronavirus impacts global trade. Weak Chinese New Year sales to reduce 1Q inventory replacement as jewelers are left with large volumes that didn't sell. Diamond markets quiet. Polished prices supported by shortages, particularly of 0.30 to 0.49 ct., D-F, IF-VVS2 goods. 1 ct. RAPI -0.4% in Jan. Manufacturers cautious, despite strong recent rough buying, a...Read More
Cautious sentiment amid tight liquidity and concerns about oversupply. Manufacturers maintaining low production to avoid flooding the market with goods. Steady demand for 0.30 to 0.50 ct. diamonds. Few overseas buyers in Mumbai after India canceled visas for Chinese visitors. Trade disappointed by 2020 government budget, which kept import duty on gold at 12.5% and polished diamonds at 7.5%. Roun...Read More
RAPAPORT... Andr?(C) Messika, a supplier of polished diamonds to the luxury jewelry market, has invested in a factory in Namibia, giving his company direct access to De Beers' rough supply for the first time.The diamantaire has partnered with Schachter & Namdar Asia (SN Asia), which has held the license for the factory since 2006, and has since become the largest employer of disabled and...Read More
RAPAPORT... Alrosa has named 58 companies that qualify for its long-term rough supply in 2020.The annual reshuffle saw the mining company remove Belgium-based Blue Gems and Russia's EPL Diamond from the roster, while it added Antwerp-headquartered IGC Group. The program, known as the Alrosa Alliance, enables customers to obtain guaranteed monthly volumes of rough, granting stability both to t...Read More
RAPAPORT... Lucara Diamond Corp. has unearthed a 549-carat white diamond at its Karowe mine, the fourth-largest stone in the history of the Botswana deposit.The unbroken stone, which is of "exceptional purity," is the first large diamond Lucara has recovered using its Mega Diamond Recovery (MDR) equipment, the miner said Wednesday. The unit, which the miner commissioned in 2017, is specifical...Read More
(IDEX Online) - The Antwerp World Diamond Centre (AWDC) has announced plans to hold its second African Diamond Conference (ADC). The conference will take place in Durban, South Africa on May 5-6.The last ADC took place in Brussels in 2017.The AWDC website describes the event as a high-level gathering for African mining ministers, the diplomatic corps, global diamond industry, civil society and aca...Read More
The Minerals Council South Africa is no longer just the voice of the mining majors, Grant Mitchell, who heads up the council's Junior and Emerging Miners Desk, pointed out in a briefing at the 2020 Investing in African Mining Indaba, this week.He highlighted that 40% of the Minerals Council's members were junior miners.AdvertisementHe also noted that South Africa's junior mining sector...Read More
(IDEX Online) - According to media reports, Endiama EP, Angola's state-owned diamond mining company plans to sell up to 30 percent of its shares in an initial public offering (IPO) in 2022.Bloomber said the sale is part of the government's plan to increase transparency in the diamond sector and increase production.Jose Manuel Ganga Junior, Endiama chairman, told Bloomberg the government...Read More