- Craig Hemke, TF MetalsThough we're still three weeks away from flipping the calendar, let's begin to look forward to 2020 and attempt to decipher whether or not the precious metals can build upon their 2019 gains.For precious metals enthusiasts, this time of year is always difficult. Often, holdings in mining shares get beaten backward due to tax loss selling. Mainstream "analysts" and inves...Read More
By: Ira EpsteinImpeachment in the news. US/Chinese trade deal still unknown. Gold weekly chart has gone flat. Gold needs to hold above $1,450 area..Read More
Everything will depend on trade deal and impeachment news of Trump. UK election result will have only a temporary effect. Traders will start taking positions for early January from next week. Forget your bullish or bearish biases for any investment and be ready to make some good profit. The next four days for the investment world will be similar to playing a T20 cricket match. I was a bit disapp...Read More
Try around 5% Inflation here in the US...by Matt From Silver Fortune via Silver Fortune2.2%? 1.6%? Try around 5% Inflation here in the US...Read More
December Silver's Delivery Demand numbers still do not jive with anything logical...by J. Johnson of Fort WealthGreat and Wonderful Wednesday Morning Folks, We start the day with a green price for Gold (3 days in a row) with the trade at $1,472.00 up 4 bucks and right there at the high of $1,472.30 with the low at $1,466.90. Silver was giving "the signal" but now has turned to green with...Read More
If, however, two very specific "lines in the sand" don't hold, then it's bombs away to $15...by Michael Ballanger via Streetwise ReportsIn this week's commentary, I am going to respond to the rash of end-of-the-world emails and terror-stricken texts that bombarded me after the BLS reported a better-than-expected Non-Farm Payrolls number Friday that sent stocks screaming higher and the precious met...Read More
RAPAPORT... De Beers has reduced its production outlook for next year and beyond amid uncertainty about the health of the diamondmarket.The miner now expects to recover between 32 million and 34million carats in 2020, compared to its earlier outlook of 33 million to 35million carats, parent company Anglo American said Tuesday. Its output is forecastto rise to between 34 million and 36 million cara...Read More
RAPAPORT... A blue diamond ring by Tiffany & Co. was the top sellerat Phillips' New York sale, leading the $5.4 million auction. The cut-cornered square modified brilliant-cut, 3.02-carat,fancy-intense-blue, VS2-clarity diamond ring fetched $1.6 million, against apresale estimate of $1.5 million to $2.5 million at Monday's New York Jewels sale. A fancy-color diamond and gold necklace feat...Read More
(IDEX Online) - Production at Petra Diamonds' South African mines has been hit by ongoing rolling power cuts across the country. Following a request by Eskom, the South African electricity utility, Petra halted produced, hoisting and processing at the Cullinan, Finsch and Koffiefontein mines on December 9. On December 10, Eskom downgraded the situation from the unprecedented Stage 6...Read More
(IDEX Online) - Anglo America, parent company of De Beers Group, has cut its diamond production forecast for 2020 to 32-34 million carats. Previously, output for full year 2020 was anticipated to be 33-35 million carats.The company announced the reduction during an investor update call.De Beers' production forecast for 2021 has also been reduced to an estimated 24-36 million carats, down from...Read More
Diamond miner De Beers has launched its Forevermark jewellery brand in Belgium, through a partnership with jeweller Gautam Diamonds.Forevermark jewellery is now available in Gautam stores in the historic Grand Place/Grote Markt and Galerie de la Reine/Koninginnegalerij, as well as in three Antwerp Diamonds by Gautam stores in Brussels Airport.AdvertisementThe launch brings the total number of coun...Read More
(IDEX Online) - The industry has been rocked by the news of two violent crimes against jewelers in Florida and California. In the first incident, which took place in Costa Mesa, California on December 4, 65-year-old Pierre Maalouf left his store, the Diamond and Jewelry Exchange, around 6:30 p.m., and was walking to his car with some merchandise and jewelry. He was approached and a...Read More
(IDEX Online) - Forevermark, the diamond brand from the De Beers Group, is now available in Belgium thanks to a tie-up with Gautam Diamonds. The new partnership means the branded jewelry will be available to purchase from the historic Grand Place/Grote Markt and Galerie de la Reine/Koninginnegalerij stores in the city and in three Antwerp Diamonds by Gautam shops in Brussels Airport.With the...Read More
JSE-listed Harmony Gold has resumed shifts at its nine South African underground gold mines from Tuesday afternoon, after power utility Eskom had returned to lower stages of load-shedding. London-listed Petra Diamonds also resumed its South African mining operations on Tuesday, albeit at a 20% load curtailment.AdvertisementThe power utility on Monday implemented Stage 6 load-shedding for the...Read More
LONDON – The glut that’s depressing the diamond market will last another year, according to industry consultant Bain & Co.The inventory backlog will probably be cleared in the beginning of 2020, but it will take some time for the market to fully recover, Bain said in a report released on Wednesday. Bank financing to the industry’s midstream – the traders that buy rough...Read More
Galena provides a leading lightSPONSOREDgalena miningSpeaking at the New World Metals Conference in Perth, Argonaut's Matthew Keane said he also saw an improved year ahead for cobalt and, further into the decade, nickel.Read More
Mr. Jerome Powell and his mates sat on their hands today - no rate cut:The Committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions and inflation near the Committee's symmetric 2% objective.Nor does "the Committee" intend to cut rates next year. But what of possible rate hikes?Only four of 17 memb...Read More
Dear Rich Lifer,Spend less than you earn. Never take a loan to invest. Don't borrow more than you can repay.If you stick to these simple money rules, you won't ever be a slave to debt.In retirement planning, there are rules of thumb that can help guide you away from financial ruin as well.For instance, the 4% rule is great to avoid running out of money. But, a lot of basic retirement rules like th...Read More
Kirkland Lake Gold (TSX: KL; NYSE: KL) has released infill and step out results from the Robbin's Hill area, north of its high-grade Fosterville mine in Australia, where expansion drilling confirmed mineralization down plunge and infill work returned high-grade intercepts.Step out highlights include 6 metres of 10.4 grams gold per tonne and 5 metres of 9.5 grams gold per tonne. The holes were comp...Read More
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesUniversity of Delaware launches Minerals, Materials and Society programSPONSOREDuniversity of delawareSadly, while my dear little ones are still dear, they are no longer little.Read More