Sector expert Michael Ballanger interprets the latest market moves and manipulations. Gold bars"For every action, there is an equal and opposite reaction." Sir Isaac Newton (Newton's Third Law)In nature, where everything moves freely absent human interference, her omnipotent forces are allowed to manifest themselves in manners that create a living ecosystem that supports life in the air, on land...Read More
There are 46 claims on the Quebec property being purchased. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTC) announced in a news release it entered an agreement to acquire Golda Resources Inc., owner of the McKenzie East gold project located north of Val D'Or in Quebec. The deal will include the 46 claims across 1,676.25 hectares of claims on the property."We are extremely pleased to acquire this...Read More
The major gold minersjust enjoyed a phenomenal quarter for gold, which soared after its firstbull-market breakout in years. Q3’19’s much-higherprevailing gold prices should’ve driven soaring earnings for the miners, due totheir big inherent profits leverage to gold. So this just-completed Q3 earnings season is the most important for thissector in a long time. Did...Read More
It's no secret that a small move up in goldprices...Converts -- directly -- in to a huge move injunior gold miners.For every 1% move in gold... a small goldminer can rise 20%... 40% or more.And right now, the smartest investors --insiders at TD, Merrill, Citi and more -- are calling for gold to rise 33%.Gold could surpass its all-time highs and shoot up over $2,000 per ounce.This could send gold m...Read More
By: Robert LambourneIts statement of account for October shows that the Bank for International Settlements continues actively trading in gold swaps. The BIS uses gold swaps and other gold derivatives to gain access to gold held by commercial banks. Recent swap levels remain much lower than they were in the second half of 2018, although the level of swaps as of October 31, an estimated 186 tonnes...Read More
StrengthsThe best performing metal this week was silver, up 1.02 percent on little news. Gold traders and analysts were mostly bullish on their outlooks for gold next week despite lower prices. Fifty-three percent of respondents were bullish in the weekly Bloomberg survey. Serbia bought nine tonnes of gold in October and the metal now accounts for 10 percent of the nation's foreign reserves. Ser...Read More
RAPAPORT... Zimbabwe plans to reduce the percentage of sales diamond miners must pay to the state, aiming to promote investment in more costly operations at the Marange fields.The government proposed a new royalty rate of 10% in theannual budget last week. Diamond producers currently pay 15% of gross revenues,but their overall costs have escalated as they shift toward hard-rock - or"conglomer...Read More
RAPAPORT... Sales and profit slumped at Indian diamond manufacturerAsian Star in the second fiscal quarter as weak rough demand prompted it to reduceits trading activities. The Mumbai-based company supplements its core cuttingbusiness by reselling rough through its subsidiaries, Pranav Kapadia, AsianStar's chief manager for accounts and tax, explained to Rapaport NewsMonday. Revenue from that...Read More
RAPAPORT... De Beers has released the dates of the 10 sights it willhold in Gaborone, Botswana, next year. The miner sells around 90% of its roughat those sales, with the rest available at auctions. The January sight will be the first in De Beers' newintention-to-offer (ITO) period, which is switching to a calendar-year format.Prospective long-term buyers, or sightholders, tell De Beers how m...Read More
(IDEX Online) - With its publication in Arabic, "The Diamond Terminology Guideline" is now available in 10 languages. The latest version, which was published by the DMCC, ensures unity in diamond terminology across Arabic-speaking countries.The guideline sets a universal standard for the diamond and jewelry trade when communicating about diamonds and laboratory-grown diamonds. It is also designed...Read More
(IDEX Online) - Junior miner Diamcor Mining Inc. has reported net income of C$350,676 ($265,208) for its second fiscal quarter, ended September 30. This compares favorable to a net loss of C$417,368 ($315,646) in the prior fiscal year. Despite the increase in profit, Diamcor saw a drop in sales revenue. The company sold 3882.82 carats of rough diamonds, generating revenues of C$730,962 (...Read More
(IDEX Online) - The National Retail Federation has reported that despite a slowdown in the U.S. economy, consumers are still spending and the important holiday season looks on track to perform better than last year. Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year. "Despite the gradual slowdown in the U.S. econo...Read More
London-listed Petra Diamonds has effected some organisational changes to help facilitate the rapid execution of its Project 2022 strategy.These changes include a flatter management structure, with mines now reporting directly to CE Richard Duffy.AdvertisementThe company on Friday reported that the restructuring had resulted in the removal of the COO role and that Luctor Roode was, therefore, leavi...Read More
Galena provides a leading lightSPONSOREDgalena miningUnder the terms of the strategic cooperation and investment agreement signed in Beijing, China, Cordoba will issue 91.Read More
U.S. equity index futures were lower this morning. S&P 500 futures slipped 2 points in pre-opening trade. The Shanghai Composite Index advanced 17.86 points to 2,909.20 after the Bank of China lowered its overnight lending rate. Ford gained $0.10 to $9.05 after announcing the launch of its all-electric Mustang Mach E.Tesla added $1.73 to $353.90 after Deutsche Bank raised its target price from...Read More
Dear Rich Lifer,As I mentioned in one of my issues last week, I attended the first annual Paradigm Press summit in New York City and gave a talk to both live attendees and thousands of additional investors with streaming access to the event.The entire event was terrific with eye-opening insights from many additional presenters - Jim Rickards, Nomi Prins, Tim Sykes, Ray Kurzweil, George Gilder, Gra...Read More
More than 20 people have died in clashes between protesters and security forces in Bolivia since disputed presidential elections in October and the resignation of Evo Morales on Nov. 10.The United Nations has warned that the country risks spinning out of control."The country is split and people on both sides of the political divide are extremely angry," Michelle Bachelet, the United Nations High C...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has agreed to sell its 50% interest in Kalgoorlie Consolidated Gold Mines (KCGM) in Western Australia to Saracen Mineral Holdings (ASX: SAR) for US$750 million in cash.KCGM owns and operates the Kalgoorlie mine, also known as the Super Pit, about 550 km east of Perth.Barrick holds a 50% interest in the joint-venture and Newmont Goldcorp (TSX: NGT; NYSE: NEM)...Read More
Macarthur's high-grade iron project set to rollSPONSOREDGalena provides a leading lightSPONSOREDgalena miningNickel discoveries put St George on investors' radarSPONSOREDst george miningUniversity of Delaware launches Minerals, Materials and Society programSPONSOREDuniversity of delawareEvery new chief executive starts with a "to do" list and Mike Henry, the new man in the top job at BHP w...Read More
https://comedyhype.com/ -Martin Lawrence and fellow comedian Tommy Davidson would reunite to bring back one of Martin's most talked about characters, Varnell Hill.Instagram: @ComedyHype & Twitter: @ComedyHype_ Beat By: BeatzEraRead More