- Gary Christenson, The Deviant InvestorPresident Roosevelt made owning gold for American citizens, with minor exceptions, illegal in 1933. See Executive Order # 6102. Begin the DOW to gold ratio analysis in 1933.Many people have discussed the Dow to gold ratio. It fell from over 40 in the year 2000 when the DOW (11,750) was expensive, and gold sold for less than $300. In those days paper asse...Read More
Subscribers who used Hidden Pivot targets from Rick's Picks to trade against gold's steep fall have done well bottom-fishing this week. Here's how they did it -- and judge for yourself whether you could have done these trades yourself. www.RickAckerman.comRead More
By: Ira EpsteinGold should test the 18- week moving average.. but from what level? Lower highs with lower lows, gold's 18-day moving average converging with 100-DMA around $1484/89Read More
SASKATCHEWAN - Forum Energy Metals reached an agreement with Orano Canada whereby it will grant to Orano a series of options to acquire up to a 70% interest in the Fir Island uranium project on the northeast margin of the Athabasca Basin.In a press release, the firms said that Orano has to spend $6 million on the property on or before Dec. 31, 2023, to earn the full 70% Interest. Prior to this, th...Read More
RAPAPORT... Australian jeweler Michael Hill has launched a line oflab-grown diamond engagement rings priced at up to AUD 15,999 ($10,920), in aneffort to appeal to a larger consumer base. "We understand that our customers appreciate having genuineoptions when it comes to diamond jewelry - so now...customers will have anadditional choice in diamonds," the company said. The collection, which c...Read More
RAPAPORT... De Beers' November sales totalled $390 million, the highest for five months, as the roughmarket stabilized and the miner reduced prices to trigger demand.Proceeds from the ninth sales cycle fell 12% compared with the equivalent period last year, the company reported Wednesday. The figure includes lastweek's sight in Gaborone, Botswana, as well as auction sales.The slowdown was less pro...Read More
RAPAPORT... The Gemological Institute of America (GIA) has appointed Jeffrey Post and Tammy Storino as governors to its board, to help steer the organization's mission andstrategic initiatives. Post, a research geologist at the SmithsonianNational Museum of Natural History, is also the curator-in-charge for themuseum's National Gem and Mineral Collection, the GIA said Tuesday. He hasserved as...Read More
RAPAPORT... In a jam-packed program, the Dubai Diamond Conference set the stage well for its main bout: finally, a match-up between the lab-grown and mined diamond producers. At its core, the debate among panelists in the discussion titled "Market Disruption - the Advent of Lab-Grown Diamonds," boiled down to one fundamental question: What makes a diamond valuable? In one corner, representing the...Read More
(IDEX Online) - GIA (Gemological Institute of America) has welcomed two new members to its Board of Governors. They are Dr. Jeffrey Post and Tammy Storino.Dr. Post is a research geologist at the Smithsonian National Museum of Natural History and is also the curator-in-charge of the museum's National Gem and Mineral Collection.He has also served as chairman of the department of mineral science...Read More
(IDEX Online) - De Beers today said it provisionally sold $390 million worth of rough diamonds at its ninth Sight of the year, which took place earlier this month.This compares to sales of $442 million in 2018. Sight 1Sight 2Sight 3Sight 4Sight 5Sight 6Sight 7Sight 8Sight 92019$500 M$496 M$581 M$416 M$391 M$250 M$287 M$297 M $390 M (provisional)2018$672 M$563 M$524 M$554 M$581 M$533 M$50...Read More
RAPAPORT... A fancy-deep-blue diamond ring by Moussaieff fetched nearly$12 million at Christie's Geneva auction Tuesday, becoming the most expensivepiece of jewelry sold this season, the company said. The rectangular-cut, 7.03-carat, VVS2-clarity stone sold toa private collector for $11.6 million, against a presale estimate of $10million to $14 million. In total, Christie's garnered $55.3 mil...Read More
(IDEX Online) - Diamond explorer Botswana Diamonds PLC has announced the recovery of the first diamonds from diamond-bearing gravels and unprocessed stockpiles surrounding the Marsfontein Mine. The stockpiles are believed to contain commercial-grade diamonds."I am delighted with the rapid progress the team has made on-site and it is noteworthy that the first diamonds were recovered within two...Read More
HARARE – Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, mines minister Winston Chitando said on Wednesday.Chitando said some investors had not developed gold and platinum assets that they had held dating back to the 1960s and the mines ministry had asked some companies to justify why they should keep...Read More
Diamond miner De Beers’ rough diamond sales value for the ninth sales cycle of this year increased to $390-million, compared with the $297-million reported for the eighth sales cycle.Sales were, however, lower than the $442-million recorded for the ninth sales cycle of 2018.AdvertisementCEO Bruce Cleaver commented that with signs of increasing polished price stability, the ninth sales cycle...Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningPolymetal building with good momentumSPONSOREDpolymetal internationalIronRidge derisks through diverse discoveries SPONSOREDironridge resources Investing in African Mining Indaba 2020SPONSOREDindabaWeighing on results was a $242 million impairment charge on the stalled Rosemont project in Arizona following another legal setback two weeks ago...Read More
Markets in general are under pressure following United States President Donald Trump’s speech at the Economic Club of New York on Tuesday November 12, where he failed to provide any reassurance that a trade deal had been reached with China; indeed, Trump even threatened that tariffs would be “raised very substantially” if a deal was not reached.In response, gold prices and US treasu...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. Investors are waiting for testimony by Federal Reserve Chairman Jerome Powell before the Congressional Joint Economic Committee at 11:00 AM EST.Index futures were virtually unchanged following release of the October Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.3%...Read More
QUESTION: Mr. Armstrong; First I want to thank you for your conference. It was my first time and I was impressed when your daughter asked how many people attended prior sessions. The number of people standing beyond 10 years was impressive. I spoke with one who had been at your 1987 WEC. He said you not only called the crash and the day of the low, but you said gold would rally only $25 and resume...Read More
Unlike the recurring attacks by armed jihadists in Burkina Faso, the rebel groups that are making mining impossible for Banro in the Democratic Republic of the Congo (DRC) are motivated more by commercial than religious reasons, CEO Brett Richards says."They run artisanal mining activities in the country and they can generate substantial revenue," Richards says of the well-organized and heavily ar...Read More
Osisko Metals (TSXV: OM; US-OTC: OMZNF) has tabled a resource update for its wholly owned Pine Point lead-zinc project on the south shore of Great Slave Lake in the Northwest Territories.Inferred resources for the project stand at 52.4 million tonnes grading 4.64% zinc and 1.83% lead, or a zinc-equivalvent grade of 6.47%, for 5.3 billion lb. contained zinc and 2.1 billion lb. lead.The new estimate...Read More