The president and CEO of this royalty company discusses what Maurice Jackson of Proven and Probable calls a "highly efficient, three-pronged business model." Maurice J.: Joining us for conversation is David Cole, the president, CEO and director of EMX Royalty Corp. (EMX:TSX.V; EMX:NYSE.American), the royalty generator. Mr. Cole, we brought you on today to discuss EMX Royalty's transactions and in...Read More
Sector expert Michael Ballanger describes why he has swung from long to short on the precious metals and miners. Before we go any further, let it be known that in the days leading up to this missive, i have gone from "net long" to "net short" on gold, silver and the miners. Those receiving my email blasts and those following me on Twitter (@Miningjunkie) have been put on notice that...Read More
After an incredible rally in Natural Gas that our researchers called perfectly in November 2018, another opportunity for an upside price move appears to be setting up for later this year. We believe the current price lows, near $2.30, are setting up for a bounce and then will drop and form a basing pattern near $2.00 before rocketing higher. It is this last move to the downside which wi...Read More
After months of advancing, the U.S. dollar's climb is showing signs of weakness.Over the last five years, the greenback has risen almost 20 percent, whereas other world currencies have not been so lucky. For example, the Euro has declined by 19 percent.The Yen has dropped over 6 percent and the Swiss Franc has descended over 11 percent, all during the same time frame.The U.S. economy has hit some...Read More
Americans' trust in institutions, from the federal government to banks to the news media, has been deteriorating for decades. Sixty years ago, three quarters of Americans expressed faith in the government to do the right thing "most of the time" or "just about always." Today, only one in five people, a near-record low, believes our leaders make decisions in the country's best interest.The news m...Read More
Dear Friend of GATA and Gold:Responding to your secretary/treasurer's observation Sunday that central bank and government interventions against gold have been becoming more obvious --http://www.gata.org/node/19134-- our friend C.W. writes that the more obvious interventions against gold become, the more effective they are."As more investors see that the gold market is relentlessly and successful...Read More
By: Clint SiegnerA "perfect storm" is brewing for midwestern farmers. Unending rains have led to the flooding of tens of millions of acres of farmland. The deluge comes on the heels of years of low crop prices.It has the makings of an agriculture disaster on a scale never seen before.The nation may see a "perfect storm" in terms of food inflation. Prices for some farm commodities figure to be a...Read More
By: Ira EpsteinHow dovish will the FOMC be next week? Gold lost its trend, support in lower $1,300's:Read More
Although the S&P 500 and the Dow Industrials have been in explosive rallies for the last five days, traders appear skeptical, if not to say skittish. As the take-no-prisoners short squeeze has unfolded, a widely watched 'fear indicator' has refused to give ground; this, despite a 700-point burst in the Dow Industrials and a corresponding gain in the S&Ps over the last three days. The VIX Volatil...Read More
Gold needs to trade over $1339-$1345 zone to start another wave of rise. Chances of correction will be high as long as gold does not break this zone. Silver needs to fall below $1445 or break and trade over $1492 for direction. Momentum is down for silver. Copper can see a temporary rise. Crude oil can fall first and then rise. Trend is still down for gold and silver. Buyers and investors will...Read More
RAPAPORT... Stornoway Diamond Corporation is looking for investors to help salvage its Renard mine, as the company continues to incur high financial losses. The miner called for offers to purchase its Canada operations after receiving $11.7 million in bridge financing - a short-term loan to maintain Renard until it can secure permanent financing or pay off existing debt, Stornoway explained T...Read More
RAPAPORT... Sarine Technologies has partnered with 14 diamond manufacturers on its Diamond Journey provenance program, enabling retailers to tap a growing resource of polished stones certified through the initiative. "We expect to have tens of thousands of documented diamonds by year-end," Sarine CEO David Block said Monday. "With over 70 million diamonds being processed by Sarine's inst...Read More
RAPAPORT... Glenn Nord, the third president of the Gemological Instituteof America (GIA) and a pioneer of its corporate training program and globaloutreach, died Sunday aged 90. "Glenn Nord was a committed advocate for GIA's mission, andfor our students and the GIA staff," GIA president Susan Jacques said Monday."His business acumen and wisdom, shared over decades with GIA management andthe board...Read More
RAPAPORT... Russian authorities have detained three members of an alleged criminalgang accused of stealing and selling high-quality diamonds belonging to Russianminer Alrosa. The thefts, which allegedly occurred over an extended period, werecommitted by an Alrosa employee working in its sorting andgrading department, the Investigative Committee of the Russian Federation claimed Monday. She c...Read More
Diamond manufacturers in Surat, Amreli, Bhavnagar and Ahmedabad are reported to have halved their production capacity following a sharp fall in prices of polished diamond and to prevent the build-up of excess inventory in a slow, depressed market. Melee prices are reported to have fallen as much as 25 percent since the beginning of this calendar year. About 20 percent of the 4,000 diamond polishin...Read More
Sarine Technologies Ltd. announced the launch of the Sarine Diamond Journey, an official partners' program with select diamond midstream suppliers. Following the Sarine Diamond Journey provenance tracking program's launch earlier this year, significant interest has been expressed by retailers interested in sourcing Sarine Diamond Journey documented goods. One of the major advantages of s...Read More
The Women's Jewellery Network (WJN) published a list of its new Ambassadors that were revealed this week. Commenting on the launch, WJN Managing Director Victoria McKay said: "This has been a truly humbling, inspiring and challenging process. We were overwhelmed by the response to our call for Ambassadors and as such, wanted to take the time to fully review and respond to every woman who had...Read More
Ten years and ten months after the official opening in July 2008, production at De Beers Group Victor Mine in northern Ontario has come to an end. On May 26, the last of the economic ore was processed through the plant, followed by several days of low-grade ore and limestone to help purge the plant of any remaining diamonds. Mining activities in the pit ended on March 5, when the mine switched to...Read More
The Diamond Development Initiative (DDI), an international non-profit development organization, is seeking an Executive Director to provide strategic and operational leadership for its work on the social, economic, human rights and policy challenges facing the artisanal diamond mining sector in Africa and South America. The position includes working with stakeholders in governments, civil society...Read More
Aim-listed Gem Diamonds paid Lesotho $24.55-million in royalties and taxes for the 2018 financial year.The company, which operates the Letšeng mine, in Lesotho, paid $6.16-million in taxes to the Lesotho Revenue Authority and $18.39-million in royalties to the country’s government.AdvertisementTo watch Creamer Media's latest video reports, click here AdvertisementRead More