The Gold-Silver ratio is trading at an historic extreme of 90.31, at a level not seen for over 25 years. In comparison the historic average is 50 which on the current Gold price of $1330 would have the Silver price trading at $26.60. Which just goes to show how much of a coiled spring Silver tends to be as it eventually tends to swing sharply in the other direction at mania peaks. The ratio chart...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 312,70253,75671,633160,282447,104544,617572,493 Change from Prior Reporting Period 14,594-7,79811,7925426,72626,44030,720 Traders 21670735460298178 Small Speculators LongShortOpen Interest 61,33233,456605,949 1,904-2,37628,344 non reportable positionsChan...Read More
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather, American publisher and author, 1889-1981 "Some calamities the 1929 stock market crash, Pearl Harbor, 9/11 have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by t...Read More
StrengthsThe best performing metal for the week was palladium, which gained 2.11 percent as the market remains undersupplied with implementation of tougher emission standards in China. A Bloomberg survey of traders and analysts turned bullish for next week's price expectations. Gold recorded its best monthly advance s...Read More
"...we could break key support and head much lower, even sub $1000 Gold, before higher. Anything is possible. But if..."by David Brady via Sprott Money NewsThe GOLD:SILVER RATIO or "GSR"When Gold falls, the GSR typically rises as Silver falls even further than Gold. Call it a high beta play on Gold. The same happens in reverse, when Gold rises, the GSR typically falls as Silver outperforms Gold to...Read More
RAPAPORT...Sam Ziefer, a veteran of the jewelry industrywith 50 years of experience, has joined auction house Fortuna as executive vicepresident of business development. He will focus on building strategicpartnerships for the New York-based company and strengthening its marketposition across the US, it said Monday. Fortuna specializes in auctions ofjewelry and watches, and is planning "rapid...Read More
RAPAPORT... Rough-diamond prices are likely to fall 5% this year asweakness in the industry continues, Panmure Gordon analyst Kieron Hodgson haspredicted. The investment bank has lowered its expectations for themarket, having previously forecast price fluctuation in 2019 ranging from flatto a 2% decline. Mining companies' results from the first half were in linewith Hodgson's cautious view of the...Read More
RAPAPORT... Firestone Diamonds has recovered a 54-carat, intense-fancy-yellowrough diamond at its Liqhobong mine in Lesotho, it reported Monday. The sawable stone, the largest of its color Firestone has unearthed, will go on sale at the company's nexttender, which is due to take place in September. The miner's special-stone discoveries this year have included a white diamond weighing 70 carats, a...Read More
Alrosa, the world's leading diamond miner in volume, staged its second auction in Hong Kong this year, earlier this month. Auctioning only "specials," i.e. rough diamonds of weights exceeding 10.8 carat, the company sold 112 diamonds, at a total weight of 1910 carat. Revenue from these sales amounted to $10.3 million. The revenue of Alrosa's two auctions this year exceeded $20 million. F...Read More
A brochure that presents an overview of the most important changes to the Belgian Company Code is now available at the reception of the Antwerp World Diamond Centre (AWDC). Prepared and published by the Belgian Employers Federation (FEB/VBO), these brochures are available in English, French and Dutch, both in printed and digital formats. The new Belgian Company Code became law on May 1, 2019. The...Read More
Firestone Diamonds, an diamond mining company with operations in Lesotho, found a 54- carat, intense fancy yellow, sawable diamond in Liqhobong Mine in Lesotho. The diamond will go on sale at the company's next tender in September 2019. Firestone's CEO, Paul Bosma, said: "The Liqhobong mine has become known for its fancy yellow stones but this one is the largest we've recovered so...Read More
Vivien Johnston of the Dragonfly Initiative was appointed Supply Chain Ambassador to the Women's Jewellery Network (WJN) in recognition of her work supporting female jewelers across the value chain to achieve sustainability in their sourcing practices. The Dragonfly Initiative (TDI) is a consultancy that works across the depth of the supply chain, applying insights from 20 years of experience...Read More
De Beers Group on Monday announced the launch of a three-year $315 000 partnership with WomEng to develop the next generation of highly skilled women engineers.De Beers will invest the funds in programmes that aim to encourage young women to study science, technology, engineering and mathematics (STEM) and to pursue engineering careers in South Africa, Namibia and Botswana.AdvertisementDe Beers Gr...Read More
Firestone Diamonds has recovered a 54 ct intense fancy yellow, sawable diamond from its Liqhobong mine, in Lesotho.The diamond will go on sale at the next tender, which is scheduled to take place during September.Advertisement“The Liqhobong mine has become known for its fancy yellow stones, but this one is the largest we’ve recovered so far and is therefore quite special. Although cert...Read More
Euromines lifts hood on sustainability methodologySPONSOREDThe deal will pair Atico's producing El Roble copper mine in Choco, Colombia, with Toachi's high-grade gold and copper La Plata project in Cotopaxi province, Ecuador, both of which are volcogenicRead More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe US$52 million optimisation project will increase throughput from 450,000 tonnes per day to 500,000tpd, which will increase annual copper production from 57,000t to 60,000t and extend the mine life by 4.5 years until 2030.If approved, the pit will see three new exploitation phases which will increase its surface footp...Read More
Although the softer dollar index has provided a conducive backdrop for risk sentiment, there is still an air of caution amid the simmering geo-political tensions in the Middle East. Over the weekend, Iran warned that it is ‘fully prepared to enrich uranium at any level and with any amount’, sparking fears that the long-tense relations between Iran and the United States is edging clo...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. Apple dropped $3.08 to $201.15 after Rosenblatt Securities downgraded the stock to Sell from Neutral. Target is $150.Deutsche Bank slipped $0.11 to $7.06 after announcing a major restructuring program.Verizon dropped $0.60 to $57.71 after Citigroup upgraded the stock to Buy from Neutral....Read More
Last week, I told you how I got a surprise correction from the IRS - one relating to Trump's new tax laws and my Solo 401(k) retirement plan.What I didn't mention is the monetary impact of that note - essentially, I ended up owing a couple thousand more in taxes than I had previously figured.Before you shed a tear, on balance, the new tax laws were a net positive for my specific situation last yea...Read More
ELKO, Nevada, July 8, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce that two new technical updates for the Keystone Project have been uploaded to their website.Ken Coleman, U.S. Gold Corp.'s Keystone Project Geologist, has recently completed an updated Keystone Technical Presentation. This analysis is a follow up to the...Read More