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
Both nickel and copper possess properties that give them a central role in the drive for a greener future. While demand from existing use cases will continue to grow steadily, electric vehicle (EV) and energy storage applications will underpin a huge increase in long-term demand.At the recent Future Facing Mined Commodities Forum, we looked at the importance of these two metals for the energy tran...Read More
(IDEX Online) - A diamond merchant reported his own 16-year-old son to police in Surat, India, for allegedly stealing polished gems worth over $62,000. According to a report filed to police, the boy stole six packets of polished diamonds, with a total weight of 269 carats. He then sold them for a tiny fraction of their real value, just $300, so he could buy an iPhone. The father, who runs a diamo...Read More
(IDEX Online) - Hammer-wielding thieves threatened security staff during a raid on a diamond store in Canada.Security guards converged on White Carat Co. Diamonds, at the Bramalea City Centre shopping mall, in Brampton, Ontario, after reports of display cases being smashed.One of the three masked raiders climbed onto a counter and appeared ready to swing a hammer at the guards, in surveillance vid...Read More
(IDEX Online) - De Beers rough diamond sales crashed to just $80m during cycle 9 as demand virtually evaporated.That's the lowest figure since it started reporting Sight totals in 2016, down 60 per cent on cycle 8 and down 82 per cent on cycle 9 last year.Al Cook, De Beers CEO, said: "Macro-economic challenges continue to affect the diamond sector. The retail recovery in China remains slow.&n...Read More
(IDEX Online) - The UAE has taken over chairmanship of Kimberley Process (KP) for a second time, promising "a year of delivery", despite a chaotic plenary in Zimbabwe that ended last week without the usual end-of-session communique."Our work in the Kimberley Process holds greater significance than ever before," said Ahmed Bin Sulayem, executive chairman and CEO of Dubai Multi Commodities Center (D...Read More
(IDEX Online) - Earrings featuring a pair of exceptionally large fancy vivid orange-yellow diamonds, weighing 12.20 carats and 11.96 carats are to be sold at Christie's New York.The California Sunset Diamonds carry an estimate of $7m to $12m. Both stones are oval mixed-cut and natural color. The larger of the two is VVS2 clarity, the smaller is VS1.Each earring has an additional two white dia...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EST. S&P 500 futures slipped 5 points following release of economic news at 8:30 AM EST:U.S. October Producer Price Index was expected to increase 0.1% versus a gain of 0.5% in September. Actual was a decrease of 0.5%. Excluding food and energy, October PPI was expected to increase 0.2% versus...Read More
The United States House of Representatives has assented to a resolution that will keep the government in funds through Jan. 19.More Democrats voted yay than Republicans voted yay though the bill was Republican-proposed.The Senate will approve it. The president will sign it.And so Republicans will get their guns. Democrats will get their butter...Both will get their pork...And the American taxpay...Read More
Today we're considering the real environmentthat determines economic conditions.It has nothing to do with short-term data, Fed policy, conventional economic models or other factors most economic commentary focuses on.Instead, it has to do with the "trilemma," identified in the 1960s by economist Robert Mundell.Mundell identified three critical policy variables that nations face: the central bank p...Read More
CHEYENNE, Wyo., Nov. 15, 2023 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) ("U.S. Gold" or the "Company") is pleased to announce that it will be presenting and exhibiting at the Mines and Money @ Resourcing Tomorrow conference (the "Conference"), to be held in London at the end of November. U.S. Gold's management team invites shareholders and all interested parties to attend. Conference admissi...Read More
With strong financial results and progress on its mine, Ron Struthers of Struthers Resource Stock Report shares why he believes this gold stock is a Strong Buy.Argonaut Gold TSX:AR Recent Price - $0.46 Entry Price - $0.39 Opinion - Strong Buy on short squeezeToday, Argonaut Gold Inc. (AR:TSX) reported financial and operating results for the three and nine months ended September 30, 2023, as well a...Read More
(IDEX Online) - India's polished diamond exports for October were down 25 per cent on September, and down 33 per cent on the same month last year, according to the latest figures from the Gem & Jewellery Export Promotion Council (GJEPC). But there is no monthly breakdown of rough imports to indicate how much manufacturers are abiding by a voluntary two-month ban which started on 15 O...Read More
(IDEX Online) - Residents of a picturesque Spanish town are protesting over Diamond Foundry plans to install 40-metre high towers to power the $850m lab grown factory it is building there.They are largely in support of the factory itself, which will create 300 jobs and ultimately produce 10m carats a year of single-crystal diamond chips, as well as traditional gem quality diamonds.But they oppose...Read More
(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", saw a slight rise in its Q3 sales but a significant drop in net income as is battled ongoing "industry headwinds".Net sales were up 2.5 per cent year on year to $114.2m, but net income was down 65 per cent to $2m, the company said in its Third Quarter 2023 Results. Gross profit increased 9.7 per cent to $66.8m due to a 17 per cent in...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 1 point at 8:35 AM EST.S&P 500 futures improved 7 points following release of the November Philly Fed Index at 8:30 AM EST. Consensus was an increase to -8.0 from -9.0 in October. Actual was an increase to -5.9.Cisco dropped $6.00 to $47.28 after the company lowered guidance for its fiscal second quarter below con...Read More
The Green New Deal so-called evidently cannot endure elevated interest rates.Barron's:Solar and wind projects, and new electric-vehicle plants, demand heavy upfront investments... With the cost of corporate debt doubling in the past two years, from 3.2% to 6.4%… it's a bad time to be taking out new loans to finance capital projects. "It was an industry whose economics rested on low rates...Read More
This week, my interview with German economist, gold expert, and author Thorsten Polleit hit the Paradigm Press YouTube Channel.We talked about everything from the deindustrialization of Germany... how socialism has taken hold in America... why the powers that be want a one-nation totalitarian money system... and why gold miners aren't your best investment when gold reaches where Thorsten predicts...Read More
taiwan #uschina #joebiden.Read More
usa #biden #xijinping.Read More