Jordan Roy-Byrne CMT, MFTAThe historic action of the precious metals sector over the past few weeks has continued.The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown.Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. I...Read More
Gary Savage Perma-bears are going to wrong. This is why:Read More
Ira EpsteinGold still has a bullish pattern in the short-term. Support around $1595..Read More
Range bound trade in gold and silver will be broken by tomorrow and a new range will be formed. A new month and a new quarter high on economic optimism but low on confidence. Uncertainty on global economy and inability to prevent coronavirus spread has resulted in gold remaining firm and crude oil and industrial metals trading with a softer bias. Spot gold should have broken past $1700. By the s...Read More
RAPAPORT... Gemfields has closed the majority of its business amid the coronavirus pandemic, and is unsure when it will hold its next tender."The turmoil stemming from COVID-19 [will have] a significant impact on [our] operations, revenues and business during 2020, and possibly beyond," the company said Monday.The miner has shut all but critical operations at its Kagem emerald mine in Zambia...Read More
RAPAPORT... Diamcor Mining has shut its South African mine amid the government-imposed 21-day lockdown to stem the spread of COVID-19.The company has put the Krone-Endora at Venetia deposit on care and maintenance until April 16, it said Monday. It has also implemented cost-saving measures wherever possible, and has limited or canceled all rough-diamond tenders."During these unprecedented tim...Read More
RAPAPORT... Sales of jewelry and other hard-luxury items in Hong Kong slumped to an all-time low in February due to the coronavirus, according to government data.Revenues from jewelry, watches, clocks and other valuable gifts dropped 79% year on year to HKD 1.56 billion ($200.6 million) for the month as tourists stayed away and local demand fell. Sales in all retail categories declined 44% to...Read More
RAPAPORT... Signet Jewelers has agreed to a $240 million settlement relating to a lawsuit filed by shareholders. The suit claims the company misled investors regarding allegations of sexual discrimination against its executives and the health of its credit program. Under the settlement agreement, Signet - which owns the Kay, Zales and Jared banners, along with online jeweler James Allen - wil...Read More
(IDEX Online) - Petra saw rough prices slump by almost a quarter at tenders in South Africa and Antwerp earlier this month, as demand evaporated. Bidding, especially for larger stones was "severely depressed and opportunistic," said the mining company, which operates in Botswana and Tanzania, as well as South Africa. The vast majority of the goods were sold, with only a few strategic, higher...Read More
Tiny diamond particles could be used in a new generation of virus-killing face masks. Researchers believe a coating of salt crystals and nano-diamonds will actually destroy viruses and micro organisms, rather than simply filtering them out. Master Dynamic Limited (MD), a leading Hong Kong material analysis and nanotechnology company is developing the ant-viral mask as coronavirus demand soars. "Wh...Read More
(IDEX Online) - De Beers has canceled its third Sight of the year and is allowing buyers to defer 100 per cent of their purchases. The move was announced yesterday (Monday 30 March), the day the Sight had been due to start in Gaborone, Botswana. Earlier this month world's largest producer of rough diamonds indicated it was hopeful the Sight would go still ahead, saying "customers...Read More
China’s official manufacturing purchasing managers’ index (PMI) rebounded to 52 in March, after 35.7 in February, which means 52% of purchasing managers reported conditions were “better” in March than they were a month earlier. This has provided some support to the base metals this morning, Tuesday March 31.* Asian-Pacific equity indices and pre-market western futures were mixe...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 21 points in pre-opening comments. The Canadian Dollar was virtually unchanged at U.S. 70.27 cents following release of Canada's GDP at 8:30 AM EDT. Consensus was a gain of 0.2% versus an increase of 0.3% in December. Actual was a gain of 0.1%.Conagra gained $1.53 to $29.76 after issuing positive fiscal fourth quarter...Read More
PRIVATE BLOG - Gold for the Close of the 1st QuarterPrivate 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
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has produced a battery-grade cobalt sulphate for the second time in a row but using a different feed source, the company says.The second set of tests yielded battery grade cobalt sulphate assaying 21.4% cobalt derived from a cobalt alloy feed, and was produced at the company's hydrometallurgical refinery in Ontario, 600 km from Canada's border with the U.S.,...Read More
Glencore (LON: GLEN) is postponing a decision on whether to proceed with a cash dividend of 20 ? per share totalling US$2.6 billion in 2020 due to the COVID-19 pandemic."When the board is in a better position to consider COVID-19's updated impacts, the economic outlook, and the company's prospects, expected alongside release of the group's interim results in Q3 2020, it will then decide what level...Read More
This episode features a keynote speech by Pretium Resources president and CEO Joe Ovsenek at the Prospectors and Developers Association of Canada (PDAC) conference in Toronto. Ovsenek discusses the history of the Brucejack mine from concept to production over more than 20 years. He also warns miners to beware of royalty deals at the early stage of mine development, and mentions how the company hop...Read More
Raymond James has updated its metal price forecasts for the year due to the COVID-19 pandemic.Its new full-year forecast for gold in 2020 is US$1,594 per oz., down from its previous forecast of US$1,638 per oz., while its silver price forecast stands at US$16.19 per oz., down from US$19.20 per oz.The brokerage is maintaining its 2021/2022 gold price forecast at US$1,600 per oz. and forecasts silve...Read More
This video is sponsored by Filmora.Try #Filmora9 for free - Filmora latest version 9: http://bit.ly/2VPydqMOne-Stop Shop for Royalty-Free Video Effects, Audio, and Stock Media: http://bit.ly/2PPcHymProfessional video editor #FilmoraPro: http://bit.ly/2PRqMeVThe game is HOI4, the man is TommyKay and the setting is a roleplay multiplayer game filled with noobs. What happens? Well, well you will have...Read More
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