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) - De Beers has strengthened its ties with Angola in a move aimed at increasing the country's diamond production.It has signed a memorandum of understanding (MoU) with Angola's National Mineral Resource Agency, and its state-owned mining and trading companies - Endiama and Sodiam - that is also designed to support the alluvial mining sector and enhance social development.De...Read More
(IDEX Online) - India's exports of polished diamonds increased month-on-month by over a third (34 per cent) in January as manufacturers re-stocked after a two-month ban on rough purchases.Overall gross exports were $1.16bn, up from $862m in December, according to new figures from the GJEPC (Gem and Jewellery Export Promotion Council).There are clear signs of recovery, although January exports...Read More
(IDEX Online) - France has outlawed the term "lab grown" and says such diamonds can only be described as "synthetic".The country's Directorate General for Competition, Consumer Affairs and Fraud Prevention (DGCCRF) reaffirmed a decision originally made in January 2002 concerning man-made diamonds gemstones and pearls following a challenge by a French lab grown company.Lab grown diamonds can o...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points at 8:30 AM EST.Zillow Group added $1.34 to $53.40 after reporting higher than consensus fourth quarter earnings.Robin Hood advanced $1.81 to $13.65 after reporting higher than consensus fourth quarter revenues. Lyft gained $2.07 to $14.20 after offering positive guidance. Akamai dropped $5.95 to $119.10 after...Read More
StrikePoint Gold Inc. is using new Induced Polarization (IP) results to identify targets for its maiden drill program at its Cuprite gold project in Nevada. The technology found a large underground system that could lead to a large discovery.StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) is using new Induced Polarization (IP) results to identify targets for its maiden drill program at its Cuprite...Read More
Global Analyst Adrian Day reviews recent earnings from some high-yielding stocks, domestic and foreign, as well as looks at recent developments at a few resource companies on his list. He notes that the recent decline in resource stocks presents several buying opportunities.Ares Capital Corp. (ARCC:NASDAQ) reported another strong quarter, with an increase in core earnings, for a record year of $2....Read More
Sierra Madre Gold and Silver Ltd. has released an update on its mine restart study, which it expects to finish in Q2 of 2024. Read on to see what analysts are saying about this company's stock.Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) announced in a press release that it has an update on the progress of its mine restart at the company's 100%-owned La Guitarra silver and gold projec...Read More
The last results from Dolly Varden Silver Corp.'s 2023's step-out drilling at its Homestake Ridge property include "bonanza-grade" gold, one analyst noted in a new research note.Analyst Update: The last results from Dolly Varden Silver Corp.'s (DV:TSX.V; DOLLF:OTCQX) 2023's step-out drilling at its Homestake Ridge property include "bonanza-grade" gold, one analyst noted in a new research note.Marc...Read More
(IDEX Online) - The US jeweler Harry Winston is expanding its operations in China with the opening of an eighth store.It's located in the Wulin commercial district of Hangzhou, the country's 11th biggest city, which has a 9m population.In 2012 Harry Winston opened its first Chinese outlet, in Beijing."The opening of Harry Winston's new salon, marks its eighth location in mainland Ch...Read More
(IDEX Online) - Gen Z and millennials don't realize their "sustainable" lab growns are made by burning coal in China and India, according to a Fortune investigation.The global business magazine says many manufacturers are based in India, where 75 per cent of electricity comes from burning coal, but still use words like "sustainable" and "environmentally-friendly" to promote goods on their web...Read More
(IDEX Online) - Geologists have made a breakthrough discovery that is saving time and money for diamond prospectors.They've established a link between the chemical composition of olivine, a mineral that makes up around half of kimberlite rock, and the likelihood that the kimberlite will be diamond-bearing.Andrea Giuliani, senior scientist at ETH Zurich's Institute of Geochemistry and Pet...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EST.S&P 500 futures added 5 points following release of economic news at 8:30 AM EST. Consensus for January retail Sales was a drop of 0.3%. Actual was a drop of 0.8%. Consensus for January U.S. retail sales ex auto sales was a drop of 0.2% versus a gain of 0.4% in December. Actual was a drop of...Read More
It's hard enough counting the stuff you can see.And you'd think it'd be damn near impossible to count the stuff you can't see.But that's not so.Nineteenth-century French economist Fr?d?ric Bastiat, as imagined in MidjourneyWith a bit of elbow grease and forethought, you can calculate the accounting (seen) cost of a particular action and the economic (seen and unseen) cost of that action.This is on...Read More
$60 billion for Ukraine... $14 billion for Israel...$8 billion for Taiwan and Indo-Pacific allies… $9.1 billion in humanitarian aid to Gaza.Shovel in some sundry billions for sundry purposes... and the American taxpayer goes upon the hook for a $95.3 billion bill.Here you have, in summary, the "emergency spending" bill passed Tuesday by the United States Senate.And here you have, in summary,...Read More