The gold-silver ratio is expected to come down in the next few months, with silver outperforming gold, said Todd Horwitz, chief strategist of BubbaTrading.com."I've think we've got a big run coming, I think it's going to narrow that range in gold, I don't think gold's going down. I think silver is going to finally outperform gold over the next two to three months," Horwitz told Kitco News. Read More
James Kwantes of Resource Opportunities profiles an explorer with projects in British Columbia and Chile.Speculating in junior mining equities is a dangerous and sometimes extremely lucrative game. Some of the key qualities that lay the groundwork for shareholder value creation in an exploration play are:Serially successful managementHigh-quality projectsStable jurisdictionsThe right commodity, at...Read More
Money manager Adrian Day explains why he is a believer in holding royalty company shares in a bull market. There is a common perception that the royalty and streaming companies are defensive in a bear market, but that you don't want to own them in a bull market since they lack leverage. We disagree, and think the major royalty companies should continue to form cornerstones of a precious metals po...Read More
Resource Maven Gwen Preston describes how leadership and a promising project in British Columbia translates to a compelling option for investors. The thing about experience is it lets you see current situations in context opportunities are more apparent when you've gone through the experience before. Libero Copper Corp. (LBC:TSX.V:, LBCMF:OTCQB) was established in 2016 for exactly this reason. A...Read More
Sector expert Michael Ballanger compares safe harbor on the water to safe harbor in the financial and precious metals markets."Destroyers seize gold and leave to its owners a counterfeit pile of paper."- Ayn RandTwelve days ago, we were forced by gale force winds to seek safe harbor in the lovely northern Ontario town of Britt, located on the north shore of the Magnetawan River, approximately fift...Read More
The combined, diversified company states it intends to aggressively grow its portfolio. Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK) announced in a news release that the acquisition of it by Sailfish Royalty Corp. (FISH:TSX.V; OTC:SROYF), according to the approved plan of arrangement, is complete."This is a great opportunity to continue on for further exposure to a diverse portfolio of royalties,...Read More
The deal provides the seller with financial flexibility. Fremont Gold Ltd. (FRE:TSX.V) announced in a news release it agreed to sell its past-producing Gold Canyon project to McEwen Mining for 300,000 McEwen common shares. Gold Canyon is adjacent to McEwen's Gold Bar mine in Nevada. The agreement is expected to close by Aug. 23, 2019."Selling Gold Canyon appreciably increases Fremont's financial...Read More
The world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. “Investors” are even buying some “junk” rated bonds which will repay the bearer less than purchase price upon maturity. Now European...Read More
David Haggith Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good. First, GDP growth in the first quarter was not "great" as I've heard some claiming. It was, by US historical standards, mediocre. Second, the biggest tax cuts in history only got us down to 2.9% GDP growth for 2018. GDP growth had been pegged originally around 3.1%, but that was revised...Read More
- Clint SiegnerThe world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. "Investors" are even buying some "junk" rated bonds which will repay the bearer less than purchase price upon maturity. Now European banks, who ha...Read More
By: Ira EpsteinGold in a drift. Long-term, nothing bearish. The miners are different..Read More
The aurora borealis over Great Bear Lake where several old mine sites on the eastern shore are to be remediated. (Image: Reuters)YELLOWKNIFE, NWT - The federal government has announced it will invest $2.2 billion over the next 15 years for the cleanup of various mine sites in the Yukon and Northwest Territories.The announcement was made by the Hon. Carolyn Bennett, Minister of Crown-Indigenous Rel...Read More
RAPAPORT... The Jewelers Board of Trade (JBT) has appointed Erich Jacobspresident. He will succeed Richard Weisenfeld, who is retiring. Jacobs joined JBT in 2018 as vice president of informationtechnology, JBT said lastweek. Weisenfeld first became acting presidentin February 2018, following the retirement of Anthony Capuano, and took on the role permanently in May of that year. Jacobs will...Read More
RAPAPORT... Shares in Pandora rose 10% in early trading Tuesday as salesdeclines narrowed in key markets and restructuring efforts led to signs ofrecovery. Global sales fell 2.6% year on year to DKK 4.69 billion($697.2 million) in the second quarter, the Danish charm maker reportedTuesday. Same-store sales - at locations open for more than a year - fell 6% in the US, while sales in China slip...Read More
RAPAPORT... J.C. Penney and Macy's noted strong sales in their jewelrydivisions in the second fiscal quarter, even as overall results were disappointing."Our fine-jewelry business continues to deliver strong salesresults," J.C. Penney chief financialofficer Bill Wafford said last week on an analyst call transcribed by SeekingAlpha. Comparative-store sales for the division increased, he added....Read More
RAPAPORT... Sotheby's has collaborated with Chinese jewelry designer Anna Hu on a five-piece collection featuring a 100-carat, fancy-intense-yellowdiamond necklace. Hu's Silk Road Music Collection will go under the hammer atthe October Magnificent Jewels and Jadeite auction in Hong Kong, with theDunhuang Pipa piece leading the sale. Inspired by the image of a lady playingthe pipa -a four-stri...Read More
RAPAPORT... Alrosa has reduced its sales forecast for this year in light of sluggish rough demand in the second quarter.The company expects to sell between 32 million and 33 million carats of rough diamonds for 2019, compared to its previous plan of 38 million carats, it said Monday."The diamond market continued to be affected by a number of negative factors [in the second quarter] that had f...Read More
From left: Michael Goren, VP Global Sales & Marketing at Sarine; Mehul Shah, VP BDB; Ramniklal Shah, Founder of Venus Jewel; Ms Rajeshwari Mehta, VP Business Development at Sarin India; and Yoav Efrat, Managing Director at Sarin India Sarine Technologies Ltd. launched its Sarine Lab Services on August 12th with a grand opening event at the Bharat Diamond Bourse (BDB). Established on th...Read More
The Plumb Club announced it had completed analyzing attendance statistics for its brand-new pavilion at this year's JCK Las Vegas Show. While an increase was expected, the results were record breaking. Based on badge scans of attendees entering The Plumb Club Pavilion Caf?? (C) throughout the show, total retailer visits were up 46 percent year on year. "The numbers far surpassed what we had...Read More
During Q2 of 2019, Lucara's revenue totaled $42.5 million, realizing $417 per carat. This constitutes a drop of 35 percent compared to $64.5 million realized in the second quarter of 2018, when the price per carat sold stood at $856 per carat. Lucara stated the sales figures were consistent with its management's expectations and plans. "A strong operating environment prevailed at the Ka...Read More