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
(IDEX Online) - A guest at the five-star Ritz Hotel, in Paris, has been reunited with her $800,000 diamond ring, after it was found in a vacuum cleaner bag.The owner, an unnamed Malaysian businesswoman, contacted police on Friday (8 December) after it disappeared from a table while she went out shopping at Place V?(C)ndome. She returned at around noon and found the ring was missing.The immediate s...Read More
(IDEX Online) - Lucapa says it has sold four diamonds from the Lulo mine, in Angola, for a total of $17m.The Type II gems, with a combined weight of 609 carats, achieved an average $28,000 per carat at tender.The Australian miner, which holds a 40 per cent stake in the alluvial deposit, said it was a very positive result.It said a 208.78 carat diamond fetched the highest price, although it did not...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EST.Macy's jumped $3.01 to $20.40 after Arkhouse Management and Brigade Capital Management offered to acquire the company for $21 per share.Cigna advanced $34.75 to $293.55 after the company raised its stock buyback program by $10 billion.Palo Alto added $0.82 to $299.24 after JP Morgan raised its...Read More
Ever hear of a guy called J.D. Haltigan? Well, here's what he said:"We are at an inflection point, a threshold, where weak, brittle, effete personality structures are a threat to human civilization."He's right. But let's face it, those are the very structures that are running the country these days. "Toxic masculinity" is certainly not one of their character traits.So here we are now in a Second C...Read More
The November unemployment report came out this morning, reporting that the U.S. economy added 199,000 jobs last month.The consensus estimate was about 185,000, so it was a "beat." The unemployment rate was reduced to 3.7%, down from October's 3.9%.Of course, it's entirely possible that the numbers will be adjusted downward in the months ahead. But for now, we can call it good news.What does today'...Read More
Share this article VANCOUVER - Barrick Gold Corp. [TSX-ABX; NYSE-GOLD] reported that the United States Bureau of Land Management has issued a record of decision (ROD) approving the Barrick joint venture with Nevada Gold Mines' (NGM) plan of operations for its new Goldrush underground mine at the Cortez complex near Beowawe, Nevada.The long-life mine is expected to start ramping up production in 20...Read More
Share this article 2023 DRILLING HIGHLIGHTS:High-grade gold-silver-copper mineralization has been intersected in multiple inaugural test drill holes collared from within the Bingo Main Zone along a north trending, west-dipping, shear hosted vein within a 550 meters by 350 meters precious metal rich mineralized corridor that remains open. Bingo Maps CompilationDrill hole BI-23-01 intersected 11.42...Read More
Streetwise sat down with Rick Mills of Ahead of the Herd to go over why he sees a perfect storm forming for commodities and what three stocks have him excited in the new year.Rick Mills, the founder of Ahead of the Herd, a newsletter that explores moves in the market as well as a select list of stocks, sat down with us to discuss the stock market and three companies he believes are on the cusp of...Read More
Investment in copper mining is very low at a time when it should be at record highs to accommodate electrification of world economies. Ron Struthers of Struthers Resource Stock Report looks into three promising copper exploration plays and a pure producer, Capstone.For a long time, copper has been described with a PhD in economics. It is tied so much to all industries that its demand cycles can mi...Read More
Chen Lin shares his silver outlook as well as two stocks he believes are worth looking into.2023 saw another year of a huge supply-demand deficit in silver despite heavy investment selling. The most significant increase in demand came from solar panels. In 2021, the Silver Institute and Metal Focus group were looking at PV (solar panel) using 110 million oz, growing at 12-13% per year.But in Novem...Read More
McFarlane Lake Mining has announced that it has begun drilling on its highly mineralized High Lake Project. Read on to see why analysts like this company as gold is breaking out.McFarlane Lake Mining Ltd. (MLM:NEO; MLMLF:OTCQB) has announced in a press release that it has resumed exploration drilling to expand the resource on the company's High Lake Property. The company reports that the planned d...Read More
Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the stock market and explains why you should be interested in one silver-copper stock.Exactly one week ago, I was sitting here at the keyboard admiring the beautiful short squeeze developing in the gold market while trying desperately to avoid anything vaguely resembling "hubris" "smugness," or "vanity" lest I anger...Read More
Barry Dawes of Martin Place Securities shares an overview of Tolu Mineral Resources to explain why he believes this is a company worth looking into.Tolu Minerals Ltd. (TOK:ASX) is being upgraded. Tolukuma has been a high-grade (>20g/t mine grade ) mine, with an access road upgrade and construction underway. They seem to be seeking to emulate K92 Mining's 18moz success in Papa New Guinea. Tolu Min...Read More
While the yellow metal hit a newrecord high, the silver price remains below its post-pandemic peak. Recession RisksLoom Over SilverWhile gold has dominated the headlines recently,silver and mining stocks have been material underperformers. And with thelatter better barometers of investors’ enthusiasm, their relative weaknessshould concern the permabulls. Likewise, with w...Read More
(IDEX Online) - Indian manufacturers are concerned about the G7's rollout of diamond sanctions on Russia, which is responsible for 30 per cent of global supply.The GJEPC (Gem and Jewellery Export Promotion Council), representing almost 10,000 members, says there should be more flexibility to miminize the impact of the new restrictions."We are not happy with the announced timeline for implemen...Read More
(IDEX Online) - Plunging lab grown prices mean some brides-to-be are now embarrassed by the size of their engagement ring, according to the Wall Street Journal (WSJ).Rocks of two, three or more carats are becoming more and more common, leaving couples with a dilemma. Do they pretend they have the funds to buy a huge natural diamond, or admit it's a lab grown.The average retail pri...Read More
(IDEX Online) - Celebrity jeweler Benny Nisanov was held at gunpoint as raiders stole goods worth $1m from his New York store.Nisanov, 33, who trades as Benny Da Jeweler, is the go-to jeweler for rapper Casanova, as well as Ice Spice, Pop Smoke, P Diddy, Mary J Blige, Bobby Shmurda, Davido, French Montana, Lil TJay and Jake Paul. He told police the robbers threatened to shoot after bursting i...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM ESTU.S. equity index futures added were unchanged following release of the November Consumer Price Index at 8:30 AM EST. Consensus was unchanged versus unchanged in October. Actual was an increase of 0.1%. On a year-over-year basis, consensus was an increase of 3.1% versus a gain of 3.2% in October....Read More
I have five forecasts for 2024 to help keep you ahead of the curve in positioning your investment portfolio.My overall forecast is that 2024 will be more tumultuous and shocking than 2023. That may seem hard to credit.With two major wars going on, an indicted former president and a demented current president, how can 2024 be more challenging than 2023?Rest assured; it will be. I explain why below....Read More
Plus: An important update on my latest gold trade!As the year-end melt up continues, I can't help but reminisce about the insane rallies we enjoyed during the height of the Covid Bubble.The holiday rally of 2020 featured a massive crypto rally and subsequent NFT frenzy, meme stock silliness, and unbelievable gamma squeezes that launched stocks into the stratosphere into early 2021.It was one of th...Read More