Franco-Nevada's Q4/19 and full-year 2019 numbers and 2020 guidance are reviewed in a CIBC report. In a March 9 research note, CIBC analyst Cosmos Chiu reported that Franco-Nevada Corp. (FNV:TSX; FNV:NYSE) significantly beat earnings estimates in Q4/19 due to record sales of gold equivalent ounces and revenues. Thus, CIBC increased its target price on the gold royalty streaming company to CA$162 p...Read More
The findings are from two of Treasury Metals' drill programs: expansion and infill. Gold barsTreasury Metals Inc. (TML:TSX: TSRMF:OTCBB) announced in a news release that new drill results from two zones at its Goliath gold project in Ontario are encouraging.The company noted that expansion drilling of the high-grade shoots in the Eastern Main zone showed consistency of mineralization across them....Read More
Pretium Resources' flagship gold operation in B.C. should generate strong cash flow well into the future, the company stated. In a news release, Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced that an update of its mineral reserves, mineral resources and life-of-mine plan for Brucejack in British Columbia, shows "continued robust economics of the long-life underground operation."The updated...Read More
Technical analyst John Newell charts the Dow-Gold ratio and speculates on where it could be heading. The Dow/Gold ratio broke a trend-line in past few weeks that could be signaling that gold could be trending higher against the Dow Jones Industrial Index in the next 18 months to two years. An example might be a ratio of 10 or the Dow at 20,000 and gold at $2,000 (a new all-time high in U.S. dolla...Read More
On Sunday, Italy registered a huge jump in new casesof the COVID-19, the stock market plunged,while the oil market crashed. Tuesday morning, and Italy is on lockdown. Meanwhile,gold jumped above $1,700. What’s next for the yellow metal? Gold Jumps Above $1,700Last week, I wrote that: from thefundamental point of view, the environment of fear, ultra low interest rates,weak equity markets...Read More
Gold is testing itsprevious 2020 highs, but silver plunged anyway, which created a very specialsituation. Namely, the goldto silver ratio just jumped to the 100 level.This may not seem like abig deal, because ultimately people buy metals, not their ratio, but itactually is a huge deal. This ratio is observed by investors and traders alike,as it tends to peak at the market extremes. Moving to the 1...Read More
Last week I talked about unrealistic expectations for the price of silver (see Silver Loses Its Mettle). My comments were centered on two specific factors: 1) silver’s primary role as an industrial commodity and 2) the fallacy of the gold-to-silver ratio.Both of these items have their root in fundamentals, or lack of them.In addition, I pointed out the fact that the price of silver has decli...Read More
By Gary Savage$SPX in oversold conditions, this is not a new perma-bear market. The market will start pricing in the corona virus dying out. Still another 10-15 years in this bull market to go..https://blog.smartmoneytrackerpremium.com/Read More
If you're a regular reader of these pages, you may recall that we've been documenting the ongoing fraud of "Exchanges For Physical" for the past several years. With trading volumes surging during these turbulent times, EFP use is surging again, too. Thus it's time for an update.Let's start as we often do with a list of links to previous posts on this subject. You might note the first one is date...Read More
Dear Friend of GATA and Gold:Does the U.S. Commodity Futures Trading Commission have jurisdiction over manipulative futures trading by the U.S. government, other governments, or brokers acting for them?Is the commission aware of futures trading by governments?In a letter to U.S. Rep. Alex Mooney, R-West Virginia, dated January 28 and released to GATA yesterday, the commission's chairman, Heath P...Read More
By: Ira EpsteinGold 18-dma is $1636 level. Upper Bollinger is $1699Read More
It is just fear of recession and fear that a long term investing opportunity will be lost that is deciding investment strategy. Traders and find managers are booking profit in every investment (other than stocks) to invest for the long term in stocks. Most believe that stock markets are great long term investing opportunity. Every investment has crashed due to corona virus. Gold, silver, crude o...Read More
The cat is out of the bag when it comes to silver manipulation...by Bix Weir via Road to RootaThe Cat is out of the Bag when it comes to Silver Price Manipulation and the criminals KNOW that the Regulators will not do anything to stop it...for the good of our American Way of Life!! Buy physical silver NOW!! Read More
The next several months are likely to be very disappointing for the precious metals bulls...by Przemyslaw Radomski via Sunshine ProfitsIn yesterday's extensive Alert (titled So Many Bullish Factors...That Gold Is Ignoring) we wrote about multiple factors that are likely to drive the precious metals market in the future. In particular, we emphasized why the next several months are likely to be...Read More
RAPAPORT... A challenging rough market in the first half of the year led to a decline in Alrosa's profit in 2019, despite a stronger fourth quarter.Profit fell 31% to RUB 62.7 billion ($874.6 million) for the year, as an oversupply of polished stones hampered rough demand, the miner said Tuesday. Revenue dropped 21% to RUB 238.2 billion ($3.32 billion). Diamond sales slid 23% to RUB 215.4 billion...Read More
RAPAPORT... Two additional industry events will not take place this month as fears of the coronavirus continue to escalate.Manufacturing Jewelers & Suppliers of America (MJSA) has postponed its Expo, while JA New York has canceled its upcoming show, both set to run in New York from March 15 to 17. Jewelers of America (JA) has not announced an alternative date for that event, but still expects...Read More
RAPAPORT... Sales at Chow Tai Fook dropped 60% in Hong Kong and Macau and 42%in mainland China in the first two months of the year as stores shut for muchof the period."In response to the measures of local governments [to contain] the spread of [the] COVID-19 virus, the majority of our points of sale in mainland China were temporarily closed since late January 2020, and Hong Kong and Macau fr...Read More
RAPAPORT... When lab-grown diamonds first started to make noise in the consumer jewelry market, much of the marketing power driving them forward was about cutting through the confusion. Are they real? Why do they cost so much? Why should I buy them? Shoppers had questions, and the only way to make sales was to answer them clearly, concisely, repetitively and in unison. The messages have start...Read More
(IDEX Online) - Stargems and A.A. Rachminov are to pool their respective sourcing and marketing resources in a new joint venture.It will capitalize on Stargem's rough sourcing capabilities as an accredited DTC buyer and A.A. Rachminov's 80-year reputation for polishing, marketing and distribution.The stones will be sourced in South Africa and most of the manufacturing will be done...Read More
Diamond miners Gem Diamonds delivered solid operational results for the year ended December 31, which, together with the targeted gains of a business transformation programme and continued emphasis on cost controls, affirmed it as one of the lowest-cost producers in the industry, CEO Clifford Elphick said on Wednesday.The operational results were characterised by the achievement of all guided oper...Read More