Jordan Roy-Byrne CMT, MFTAIn our most recent editorial we concluded by observing a few positives in the gold and silver stocks. W concluded with: "Their performance over the weeks ahead could give us an early hint as to how much longer the correction will last."Fast forward another week and a few positives has morphed into a handful of positives. First let's look at GDX. In the chart below we p...Read More

StrengthsThe best performing metal this week was platinum, up 2.61 percent, followed closely by palladium, up 2.39 percent. Both platinum and palladium experienced strong demand as hedge funds pushed their net-long positions to five and three-week highs, respectively. Gold traders and analysts were mostly bullish in the weekly Bloomberg survey due to renewed concerns over a trade deal between...Read More

RambusI've been holding off on writing this Weekend Report for the US stock markets until I got just a little more confirmation that the next impulse move higher is underway. Last weeks price action is strongly suggesting that the nearly 2 year consolidation phase is drawing to a close. Lets say I'm seeing some green shoots sprouting up in many different areas of the markets.Most investors rely...Read More

What are we to make of Wall Street's exuberance on Friday over news concerning a U.S. economic expansion that refuses to die? Employers are hiring, consumers are spending and business is humming despite a dramatic economic slowdown in Asia, Europe, South America and elsewhere. Perhaps America really is an economic island, one blessed with unstinting support from a central bank that has finally s...Read More

RAPAPORT... De Beers has restated its estimation of global diamond-jewelry sales following a new study valuing the diamond content in jewelry purchases since the 2008 recession. The group also revised its production data to reflect lower output than previously believed, stemming from an overestimation of the artisanal mining sector. Global diamond jewelry demand rose 2.4% to $76 billion in 2018, d...Read More

RAPAPORT... Revenue from the retail division of Berkshire Hathawayincreased 5% to $4.04 billion in the third quarter, the company reportedSaturday. The improvement in the division, which includes jewelrychains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was buoyed in largepart by the company's car business, including sales of pre-owned vehicles,automotive financing, and repair work....Read More

RAPAPORT... Two gem labs have joined forces to identify a method for determining whether a pink diamond came from the Argyle mine in Australia, and are issuing lab reports confirming their provenance.Beginning in 2014, the team, led by Branko Deljanin,director and colored-diamond specialist at Canadian Gemlab (CGL), begancollecting natural pink diamonds from the mine in Western Australia...Read More

RAPAPORT... The diamond industry has much riding on this holiday season, having endured tough market conditions in 2019. While the trade reduced inventory levels in the third quarter, a large quantity of less popular items remain available. Meanwhile, US jewelry retailers are growing more conservative about buying inventory, taking more goods on memo and increasingly using technology to boost sale...Read More

(IDEX Online) - Christie's New York has become embroiled in a dispute over the sale of a $40 million pink diamond known as The Princie Diamond. The diamond was sold by a member of the Qatari royal family in 2013.A lawsuit by Amedeo Angiolillo claims that the auction house sold the diamond despite his objections. As reported by The Telegraph, Christie's said that not only does Angiol...Read More

(IDEX Online) - Platinum Guild International (PGI) will host an e-commerce platform to create a destination for consumers looking to buy platinum jewelry. "The intent of this platform is to give designers an opportunity to share their platinum pieces directly with consumers, whom we know are interested in purchasing online," said Jenny Luker, PGI-USA's president. "By creating a dest...Read More

Polymetal building with good momentumSPONSOREDpolymetal internationalDrilling in Q3 revealed two mineral finds: a gold-copper occurrence comprising three targets, known as Avshancli, and a gold-hosting quartz vein named Gilar.Read More

Poster South Africa mine regeneration on trackSPONSOREDorion mineralsThe company is aiming to start copper production this quarter at its Gunnison in-situ recovery project in Arizona, which is permitted to produce 125 million pounds annually of copper cathode.Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points in pre-opening trade. The Dow Jones Industrial Average is expected to open above its previous all-time high at 27,369.68.Bausch Health added $0.78 to $26.70 U.S. after reporting higher than consensus third quarter earnings.McDonalds dropped $3.83 to $190.11 after the company fired its Chief Executive Officer....Read More

IronRidge derisks through diverse discoveries SPONSOREDironridge resources Nordic Mining prepares for lift-offSPONSOREDnordic miningAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftPolymetal building with good momentumSPONSOREDpolymetal internationalBHP, Rio Tinto and the mineral sands miner, Iluka, have all made significant "discoveries" by taking a closer l...Read More

The U.S. District Court for Arizona has turned down Hudbay Minerals' (TSX: HBM; NYSE: HBM) request that it reconsider its ruling in July that prevents the company from developing its Rosemont copper mine in the state.In October, U.S. District Court Judge James Soto said there was no reason to reconsider the earlier court ruling that challenged and overturned the U.S. Forest Services' approval of t...Read More

Last month, Advantage Lithium (TSXV: AAL) released the results of a prefeasibility study on its 75%- owned Cauchari project in northern Argentina's Jujuy province.The prefeasibility outlined an operation producing an estimated 25,000 tonnes per year of battery-grade lithium carbonate over a 30-year mine life.Pre-production capital is estimated at US$446 million, including a 20% contingency. Stea...Read More

Anaconda Mining (TSX: ANX; US-OTC: ANXGF) has updated the mineral resource at its wholly owned Goldboro gold project in Nova Scotia.Measured and indicated resources now stand at 4.1 million tonnes grading 5.3 grams gold per tonne for 698,600 contained oz. gold. Inferred resources add 3 million tonnes grading 7.09 grams gold per tonne for 685,100 contained oz. gold.The updated resource represents a...Read More

Nov 05, 2019 Guest(s): Maxime Guilbault Partner, PWC Quebec is named the fourth best mining jurisdiction in the world by the Fraser Institute, and miners in the area have just seen the beginning, this according to Maxime Guilbault, partner at PWC. "I think we've just seen, I won't say the tip of the iceberg, but there's more. All the mines that have been developed, around those mines, in Abitibi...Read More

Liberty has yet to win out over increased security despite the ineffectiveness of each and every such tradeoff to date.Continue...Read More

When David Stockman spoke at our IES conference in October, he had a whole slew of charts that showed that the main street economy had nothing to do with the Wall Street one - and thatContinue...Read More