Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
A comparison of this year’s grocery bills to last year’s yields a simple yet terrifying conclusion: food prices are rising at a rate beyond anyone’s imagination.The Food and Agriculture Organization’s (FAO) food price index, which tracks the price movements of the most commonly traded and consumed food crops, recently reached its highest on record.Most point to the exorbita...Read More
The study will build upon the 22,000 tonnes per day operation detailed in the pre-feasibility study published in January and include a significant amount of work the company was unable to complete inRead More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesAfter what Castillo managing director Dr Dennis Jensen described as a "Herculean effort" by its geologists, the company has announced an inferred 64 million tonnes grad...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu mines The current resource comprises a skarn component of 6.3 million tonnes grading 5.6 grams per tonne gold equivalent for 1.1 million ounces and 41.4Mt of intrusion/sedim...Read More
Musk's latest salvo against ESG followed a raid by authorities on the Frankfurt offices of Germany's top asset management firm DWS Group on 31 May over greenwashing allegations linked to the firm'sRead More
Look beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsMay has been a busy month with the announcement of the creation of Sandbox in collaboration with Equinox Gold and the earlier deal to buy Nomad Royalties, and t...Read More
Drilling results at Jerritt Canyon included the SMI-LX-1112 drill hole at the Smith/SSX mines which resulted in 8.39 g/tonne of gold over 29.Read More
RAPAPORT... Israel and the United Arab Emirates (UAE) have reached a trade deal that will abolish certain tariffs on diamonds and jewelry.The Comprehensive Economic Partnership Agreement (CEPA) will eliminate customs duties on more than 96% of products across a range of sectors, the countries said Tuesday after signing the document. It will advance bilateral trade beyond $10 billion within fi...Read More
RAPAPORT... Hong Kong's hard-luxury sales saw an upswing in April as the health situation improved and the government released new retail vouchers.Revenue from jewelry, watches, clocks and valuable gifts climbed 14% year on year to HKD 3 billion ($382.7 million) for the month, the municipality's Census and Statistics Department reported Wednesday. The increase comes after two consecutive months of...Read More
RAPAPORT... Dubai-based luxury conglomerate Damac Group has purchased Swiss jeweler De Grisogono in an effort to penetrate new sectors."Keeping in line with our ambitions to expand our business into the luxury and high-end fashion realm, bidding for De Grisogono came to us naturally," Damac founder and billionaire Hussain Sajwani said Tuesday. "A relatively young but established brand, it has imme...Read More
(IDEX Online) - The first steps towards setting up a traceability program have been taken in Democratic Republic Congo (DRC), which dominates the world's supply of diamonds from artisanal and small-scale mining (ASM).A pilot project involving Antwerp World Diamond Centre (AWDC), the DRC mining ministry and tech company Everledger aims to establish a fully transparent value chain in a country...Read More
(IDEX Online) - Foreign sales of Swiss watches slowed in April, as China was hit by Covid lockdowns.Total export revenue was just under $2bn, its lowest since August 2021, according to figures released by the Federation of the Swiss Watch Industry. That's up 7.3 per cent on April 2021.Sales to the US, by far the biggest single market, was up 37 per cent to $335m.But exports to second-pl...Read More
(IDEX Online) - Supermodel Karen Elson is the face of Natural Diamond Council's (NDC) newest campaign.She wears Bulgari, Cartier, Van Cleef & Arpels, Bucherer, Chanel, Gucci, Louis Vuitton, and many more brands in the first ever digital cover for Only Natural Diamonds, the NDC's consumer-facing digital platform.British-born Elson (pictured), 43, also a singer-songwriter, was chosen a...Read More
(IDEX Online) - Raiders fled empty-handed after they were kicked and punched by staff at a jewelry store in California, USA.One of the four robbers smashed a display case with a hammer at the Princess Bride Diamonds, in the Bella Terra shopping mall, Huntington Beach (on Sunday 29 May).But staff, together with the owner's relatives, fought back. One female employee can be seen on CCTV repeate...Read More
Precious metals are the bedrock of the financial world. They have permanent value and are the oldest form of money in the world. If you don’t own physical gold and silver, your investment portfolio lacks a sound foundation. Precious metals are often sought after as a store of permanent value, and as a method of diversifying portfolios.While cash, bonds, stocks and real estate offer investors...Read More
Here are five Fastmarkets stories you might have missed on Monday January 4 that are worth another look.News of Covid-19 vaccines being distributed and administered around the world has boosted sentiment in Asian economies, with steel markets in the region seemingly upbeat on prospects in 2021.Sustainable mining of lithium - a critical...Read More
The gold miners’ stocksare finally perking up again, after spending months slogging through a grindingcorrection. Contrarian traders aretaking notice, starting to redeploy capital in this high-potential sector. Gold miners’ earnings and thus stock pricesare overwhelmingly driven by gold’s fortunes. And the yellow metal’s recent technicals are signaling a ma...Read More
Is it possible the algos are willing to hold their shorts as a $1+ gain puts their short positions closer and closer to a margin call?by J. Johnson via JS MinesetGreat and Wonderful first trading day of the year folks, Gold popped right out of the shoot last night, and continued to rally into the night, with the trade now at $1,938.40, up $43.30 and close to the high at $1,941 with the l...Read More
Welcome to 2021...(by Half Dollar) Happy New Year!One of these years silver will surpass its all-time record high set back in 1980.I thought that year was going to be last year, and of course, I was wrong.What about in 2021?Ha!The Bitcoin Fanboys over at everybody's favorite wannabe alternative-media website are high fiving that Venezuela is going 100% digital:Do you even power grid, bro?And where...Read More
After a recent spike to the upside over the past seven days, both gold and silver have turned negative again and could be headed back to their recent low points reached early in the day on Monday, November 30th.The movement in both gold and silver is evident of a decided shift in trend direction to the downside. What happens after prices return to their recent lows could prove interesting; or down...Read More