Private equity firm Orion Mine Finance has entered into an agreement to sell 90-million of the shares of Canadian miner Stornoway Diamond Corp that it held for investment purposes.Orion will sell the shares at C$0.04 a share, netting C$3.6-million.AdvertisementAfter the transaction, Orion, through entities managed by the firm, will own 22 083 596 of Stornoway shares and $20.5-million of...Read More
The Karowe mine, in Botswana, has produced the world’s second-largest uncut diamond, Canadian company Lucara Diamond Corp announced on Thursday, sending the miner’s share price up 11% to C$1.68 a share.At 1 758 ct, the diamond is second in size only to the 3 106 ct diamond that was mined at Cullinan, South Africa, in the early 1900s.AdvertisementThe latest Karowe find is now...Read More
The government of Macau, a Special Administrative Region (SAR) of China, which was ruled by Portugal from 1557 to 1999 (442 years) and which retains strong ties with the Lusophone world, hopes that joining the Kimberley Process will strengthen its trade relations with Angola. “There are companies in Angola which have now shown interest in doing business in Macau, following the application to...Read More
Eastern promise for PolarXSPONSOREDpolarxWith construction of the Pumpkin Hollow underground mine proceeding on schedule and within budget to kick-start a copper mining revival in the Yerrington Valley by the December quarter, Nevada CopperRead More
Eastern promise for PolarXSPONSOREDpolarxThe Phoenix, Arizona-based miner reported adjusted net earnings of US$67 million or 5c per share, compared to non-GAAP earnings of $679 million or 46c per share a year earlier. Analysts had on average called for earnings of 7c per share.Net income in the March period totaled $31 million or 2c per share, down from $692 million or 48c in the same period a yea...Read More
Generally London Metal Exchange prices have been weak in recent days and the strong dollar has been a factor in that, but dip-buying appears to be providing support in morning trading on Friday April 26. Base metals Base metals prices on the LME were for the most part firmer across the board this morning, with copper, nickel, zinc and lead prices up by either side of 0.6%, while aluminiu...Read More
Following is a link:http://www.equityclock.com/2019/04/25/stock-market-outlook-for-april-26-2019/Note seasonality chart on Durable Goods OrdersObservationTechnicals on China deteriorated. Shanghai Composite broke below its 20 day moving average, short term momentum indicators turned lower and strength relative to the S&P 500 Index turned negative. Related North American equities (Materials, En...Read More
In January 2018, two significant market events occurred nearly simultaneously. Major U.S. stock market indexes peaked and volatility indexes extended one of their longest streaks of low volatility in history. Investors were happy, complacency ruled the day and all was right with the world.Then markets were turned upside down in a matter of days. Major stock market indexes fell over 11%, a technica...Read More
The first-quarter GDP number was released this morning. And at 3.2%, it came in far above estimates. Consensus was about 2.3%. It was also the highest Q1 GDP print since 2015.But there's probably less here than meets the eye.About half the GDP gain came from a surge in inventories and a sharp reduction in the trade deficit, neither of which is sustainable. They are likely one-time boosts.The econo...Read More
More Americans than ever are behind on their car payments.The number of loans at least 90 days late exceeded 7 million at the end of last year, the highest delinquency rate since 2012, according to the Federal Reserve Bank of New York.Consumers paid on average a little more than $36,000 for a new car, up roughly 3%, according to Kelley Blue Book. And if you're a savvy shopper, you know very well t...Read More
The Peter Schiff Show Podcast - Episode 462Recorded April 26, 2019VISIT PETER AT THE LAS VEGAS MONEY SHOWMay 13 - 15, 2019https://conferences.moneyshow.com/mon...Q1 GDP Expected at 2.3% - Today we finally got the first estimate for the U.S. GDP in the first quarter of 2019, and typically the first quarter of the year has been rather weak. That has been the experience pretty much going back throu...Read More
Peter Schiff on RT discussing Elon Musk's company, Tesla, and their tumbling stock price (4/04/2019) SIGN UP FOR MY FREE NEWSLETTERhttp://www.europac.net/subscribe_free...Schiff Gold News: http://www.SchiffGold.com/newsOpen your Goldmoney account today: https://www.Goldmoney.com/Buy my newest book at http://www.tinyurl.com/RealCrashLike and follow Peter Schiff on Facebookhttp://www.Facebook.com/Pe...Read More
Hey Boos! In this video I discuss Jordyn Woods making the statement "I understood for the first time what it's like being a bl@ck woman in society". I also talk about being labeled "light skin" by the bl@ck community but how quickly r@cist white people point out you're black. Later in the video I talk about the double standards when it comes to bl@ck women being sexually expressive. #jordynwoods #...Read More
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Eric Sprott discusses the recent moves in precious metals and then looks forward to what will be a very busy and volatile week next.Read More
Doug Ramshaw speaks with Jochen Staiger at the Precious Metals Summit in Zurich, November 2018 about the planning of 3 Gold Mines in MexicoRead More
Doug Ramshaw, President, had the pleasure of being invited to the Osisko Dinner to discuss Minera Alamos' 3 operations in Mexico during the Metals Summit in Zurich, November 2018.Read More
Music video by Louis James performing Tus Movimientos (Official Video). 2019 Known Strangershttp://vevo.ly/V4S73YRead More
Physical uranium stockpiler Yellow Cake PLC (LON:YCA) said the recent pullback in spot prices presented a good buying opportunity as it remained confident in the long-term outlook for the radioactive metal.The global spot uranium price softened to end the quarter at US$25.75 per pound of U3O8, from US$28.50/lb three months before.After the US Department of Commerce submitted a report to the White...Read More