(IDEX Online) - Petra saw sales slide by 10 per cent during the second half of 2023 amid ongoing uncertainty in the diamond market.The UK-based miner said prices had now bottomed, but the recovery may be slower than first thought. "Petra has reacted swiftly to diamond market uncertainty, taking steps to improve resilience through ongoing cost and capital optimisation," said CEO Richard Duffy....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points at 8:30 AM ESTEconomic focus today is on FOMC Meeting Minutes released at 2:00 PM EST.Changes in Dow Jones Averages effective February 26th: Walgreen Boots is replaced by Amazon.com in the Industrial Average. JetBlue is replaced by Uber in the Transportation Average.Palo Alto dropped $47.29 to $319.00 after...Read More
Political news in the U.S. and wars abroad have pushed most economic news out of the headlines. Yet the economic news is more important than ever and will have a huge impact on stock and bond markets in the months ahead.Here's a summary of recent critical developments:On the economy as a whole, headline numbers continue to look good. The Q42023 GDP was 3.3% (annualized). That put full-year 2023 GD...Read More
Today is President's Day.In token of this high and exalted day, we reflect upon the United States presidency.Historians heap vast praise upon presidents of energy and of action.In brief, upon presidents who expand their own powers... and the powers of the United States government.Over whom do historians slobber and swoon a Millard Fillmore or an Abraham Lincoln?A Grover Cleveland or a Theodore R...Read More
Four years after the pandemic, it's still hard to predict where any particular public intellectual stands on lockdowns, mandates and the entire calamity of the response to COVID. Very few have apologized. Most have moved on as if nothing has happened. Some have dug into their own apostasy even more deeply.One reason seems to be that much of the professional intellectual class is currently dependen...Read More
Share this article VANCOUVER -Equinox Gold Corp. [EQX-TSXV, EQX-NYSE] has released its production guidance for 2024 saying it expects to produce between 660,000 to 750,000 ounces this year at an all-in sustaining cost of US$1,630 to US$1,740 per ounce.Equinox Gold operates entirely in the Americas. It has seven operating gold mines located in the U.S., Mexico and Brazil. The company is currently i...Read More
Technical Analyst Clive Maund shares why he believes Strikepoint Gold Inc. is a Strong Buy.This is believed to be the perfect time for investors interested in junior mining stocks to move in and buy StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) for a variety of fundamental and technical reasons.Starting with the fundamental reasons, the stock is viewed as an exceptional bargain here, being just 1...Read More
(IDEX Online) - GIA says it has expanded its new verification service - aimed at combating "cloned diamond" fraud - to all its labs.The Report Confirmation Service was launched last month in New York to identify lab growns being submitted for regrading as natural diamonds.GIA says the service is now available at all locations. It will accept walk-in and courier submissions, will turn around loose...Read More
(IDEX Online) - The World Federation of Diamond Bourses (WFDB) says it is still pursuing its fight against the so-called Belgian Plan, which would route all G7 diamonds through a single entry point in Antwerp.The newest phase of sanctions on Russia diamonds (over 1-ct, cut and polished anywhere) is due to be implemented on 1 March, although details of how it will operate have yet to be made public...Read More
(IDEX Online) - Anglo American is to cut 3,700 jobs in its platinum division after profits plunged. It blames "macroeconomic uncertainty", and a 35 per cent fall in price of platinum group metals (PGM), which are used in catalytic converters as well as jewelry (electric cars don't use catalytic converters).Anglo American Platinum (Amplats) profits for 2023 were down 71 per cent to ?586m...Read More
(IDEX Online) - Lucara yesterday (21 February) announced the recovery of a 320-carat diamond from its Karowe mine, in Botswana, together with a 111-carat stone, and two +50-carat stones.The Vancouver-based miner has now recovered 330 +100-ct diamonds since the mine began commercial production in 2012.The 320-carat recovery is described as "a stunning, gem-quality, top light brown diamond". The oth...Read More
Are stocks presently:A) Severely undervalued...B) Somewhat undervalued...C) Fairly valued...D) Somewhat overvalued... or...E) Severely overvalued?Please select your answer.Yet the devil is in us today. Let us then befuddle, confound and dizzy you with another selection:F) Stocks are obscenely overvalued.What is the answer? You will have it shortly.Let us first look in on the center of our mystery...Read More
My goodness, I didn't have that on my Bingo card. I had just written last week's piece for the Morning Reckoning about opportunity cost.And yet, there was Jon Stewart, back on television in all his glory, getting it completely wrong. I actually smacked my head when I heard his nonsensical outburst. Of course, if it's an outburst nowadays, it's usually about Tucker Carlson.And what did Stewart say...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 64 points at 8:35 AM EST.The Canadian Dollar was unchanged at US74.11 cents following release of Canada's December Retail Sales report at 8:30 AM EST. Consensus was an increase of 0.8% versus a decline of 0.2% in November. Actual was an increase of 0.9%. Excluding auto sales, consensus was an increase of 0.7% versus un...Read More
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Uranium #nuclear #mining Catch our full suite of content below: Website: https://thedeepdive.ca/ Twitter: ...Read More