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
Technical Analyst Clive Maund takes a look at Soma Gold Corp.'s 6-year, 18-month, and 6-month charts to explain where he believes it is headed. With its gold production set to ramp up substantially this year and in years to come so that increasing revenues rapidly reduce outstanding debt, the outlook for Soma Gold Corp. (SOMA:TSX; SMAGF:OTCMKTS) could scarcely be brighter. With AISC (all-in sustai...Read More
(IDEX Online) - A TikTok video of a woman who accidentally broiled her topaz and diamond ring in the oven with Brussel sprouts for Thanksgiving Day has had over 2.4m views.Jacki Gansky, 29, was concerned it wouldn't survive 30 minutes in a 415F/215C oven, but she needn't have worried.Diamonds and topaz are both formed at temperatures of around 2,000F/1,050C.Jacki, a US actress received t...Read More
(IDEX Online) - Botswana's diamond industry says it is concerned and frustrated by new requirement that all diamonds are certified in Antwerp before entering G7 countries.The single entry point is a part of a sanctions package aimed at outlawing Russian diamonds. It was partially introduced on 1 January and will be rolled out in coming months.Brad Brooks- Rubin, head of the G7 Diamond Technic...Read More
(IDEX Online) - Tiffany & Co is targeting high-spending customers in China with a digital recreation of its flagship store in Paris.Visitors to the luxury e-commerce platform Tmall Luxury Pavilion will able to browse the virtual La Place Vendome outlet and make purchases.Tmall is a Chinese-language website for B2Conline retail, launched in 2008 by Alibaba Group which generated $126bn revenue l...Read More
Three U.S. military personnel were tragically killed and at least 34 wounded, some seriously, over the weekend in what the U.S. government claimed was a drone attack in northern Jordan. There’s some doubt about whether it was a drone because 37 casualties is a large number for a drone attack. A larger missile is a possibility. There’s also some doubt about the reported Jordanian locati...Read More
As Donald Trump consolidates his election mojo defying the forces arrayed to destroy him and more of the country turns against the creepy apparition in the White House purportedly running against him, you hear evermore chatter that a panicked Democratic Party will insert Michelle Obama in a last-minute convention switcheroo next August.The explications I hear in the chat media all sound lame o...Read More
MAG Silver Corp. has announced production totals from the fourth quarter and 2023 for its new Juanicipio mill in Mexico. Find out why one analyst is "impressed" by its performance.MAG Silver Corp. (MAG:TSX; MAG:NYSE American) has announced production totals from the fourth quarter and 2023 for its new Juanicipio mill in Mexico, which reached nameplate status during Q3.Juanicipio processed 346,766...Read More
Idaho Strategic Resources Inc. saw record gold production in 2023, according to a Roth MKM research note.In a January 29, 2024 research note, Roth MKM analyst Mike Niehuser reiterated a Buy rating on Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN) with a US$9 price target. The Idaho-based mining company has seen record gold production at its Golden Chest Mine while advancing rare earth elements...Read More
Michael Ballanger of GGM Advisory Inc. takes a current look at the state of the stock market and shares some stocks he has been keeping an eye onThere are many famous quotes passed down over the years by hundreds of investment gurus and while I think that reprinting witticisms conjured up by self-anointed messiahs is disingenuous at best, I use them as a token of respect for the author. I love to...Read More
Technical Analyst Clive Maund takes a look at Soma Gold Corp.'s 6-year, 18-month, and 6-month charts to explain where he believes it is headed. With its gold production set to ramp up substantially this year and in years to come so that increasing revenues rapidly reduce outstanding debt, the outlook for Soma Gold Corp. (SOMA:TSX; SMAGF:OTCMKTS) could scarcely be brighter. With AISC (all-in sustai...Read More
What will be the key themes for copper in the year ahead? Growing economic and political uncertainty amid the slew of elections in some key copper-producing and consuming countries is one area we will be watching closely.Crucially, the timing of any interest rate cuts as well as energy transition-related developments will determine the strength of demand, notwithstanding the uncertainties due to t...Read More
(IDEX Online) - Lucapa reported a slight increase in total rough sales for FY2023 in what it described as a solid performance.The Australian miner announced revenues of $102.2m, up by 1 per cent on the previous year.Q4 earnings from its two mines - Lulo in Angola and Mothae in Lesotho - slipped by 1 per cent to $40.8m.During the year Lucapa sold 11 diamonds from Lulo that fetched a total of $32.7m...Read More
(IDEX Online) - Adamas One Corp, the publicly traded lab-grown diamond company, could be delisted from the Nasdaq after failing to submit financial details on time. It says that despite missing its deadline, it was "working diligently" and expected to file its Annual Report 2023 Form 10-K shortly.Adamas One produces single-crystal diamonds for gemstone and industrial applications in Greenvill...Read More
(IDEX Online) - A 21.38 carat Fancy Vivid Yellow diamond is to be auctioned tomorrow (31 January) at Sotheby's Hong Kong with an estimate of HKD 8,000,000 to 11,000,000 HKD ($1m to $1.4m).The radiant-cut VS1 gem is flanked by two tapered baguette diamonds, mounted in platinum and 18 karat yellow gold, inscribed HW (Harry Winston).The FCRF (Fancy Color Research Foundation) gives the ston...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EST.F5 Networks gained $11.64 to $197.01 after reporting higher than consensus fiscal first quarter earnings. The company also offered encouraging fiscal second quarter guidance. Whirlpool dropped $4.81 to $112.98 after lower first quarter guidance. Nucor added $2.36 to $179.00 after offering posi...Read More
At a recent New Hampshire campaign rally, Donald Trump reiterated what he's been saying for months: that central bank digital currencies (CBDCs) are dangerous and he would never allow one if elected:Tonight, I am also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a central bank digital currency...Such a currency would giv...Read More
We're encountering some strange signs of froth in a few not-so-dark corners of the market in the aftermath of the late 2023 melt-up rally.Sure, the averages have soared off their lows and are teetering on new highs. But most stocks are beginning to churn as the spell of December's disbelief rally begins to fade. Now, we're entering a seasonally weak stretch for the stock market as Q1 of an electio...Read More