Reference this article posted on 12.30.21: 2022: The Golden YearGold has done nothing unusual and in fact it has done as would normally be expected. In February it began to rally out of the base on the daily (futures) chart below. Driven by war (easy on the war, terror and pestilence bull rationales dear gold bugs) and inflation hype, kneejerkers and momos (momentum players) quickly jumped on push...Read More

Elon Musk’s $44 billion purchase of Twitteris being hailed as a victory for free speech. Musk vows to make changes to thesocial media platform that will make it a true “digital town square” wherepeople are free to speak their minds, even if others take offense.Of course, not everyone is excited aboutthe prospect.“Biden officials worry Musk will allowTrump to return to Twitt...Read More

While China plans to implementlockdowns for fear of an epidemic, concerns about the coronavirus are taking atoll on the oil market. Will it escalate?Crude oil prices remained lower onTuesday, after significant losses suffered the day before. They are stillweighed down by fears of a general lockdown in Beijing, the capital of China,as well as in Shanghai, thus risking a demand reduction for black g...Read More

The company said geological modelling, drilling, underground sampling and detailed mapping now leads to an interpretation of Olympus Central and Olympus South to be one large interconnectedRead More

The company said its largest shareholder AngloGold Ashanti has yet to indicated whether it will invest to retain its 19.9% pro rata stake.Read More

Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsLast week Anglo Amewrican's nuGen haul truck began work at the Mogalakwena PGM mine in Limpopo pr...Read More

The rejected state ownership article will return to the environmental commission, where it can be reworked before being advanced for second vote by the assembly.Read More

RAPAPORT... Nongovernmental organization Resolve has launched a project to rehabilitate land affected by artisanal and small-scale diamond mining in Africa.After miners leave a site, local inhabitants lose arable land they need for basic farming, as soil gets depleted and abandoned pits fill with water, Resolve explained in a statement last week. They also face insect-borne diseases and other...Read More

RAPAPORT... An Art Deco Cartier bracelet set with 101 carats of Colombian emeralds could go for up to $1.3 million at an upcoming jewelry sale at Bonhams, the auction house predicted.The piece, which was designed in 1926, is from the collection of American heiress H?(C)l??ne Irwin Crocker Fagan, the daughter of sugar baron William Irwin, Bonhams said last week. Another Cartier item belonging to th...Read More

Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsAs with many of its fury friends the cat-sized chuditch, also known as the western quoll, looks u...Read More

RAPAPORT... Prices of fancy-color diamonds grew 1% in the first quarter compared with the previous three months amid strong market for pinks, according to the Fancy Color Research Foundation (FCRF).Pink fancy-color prices gained 1.3%, with yellows up 0.7%, the organization reported Monday in its quarterly release of the Fancy Color Diamond Index. Prices of blues increased 0.1%.Prices for the...Read More

RAPAPORT... A 21.93-carat diamond far outstripped its high estimate at Heritage Auctions' most recent jewelry sale, raking in $300,000.The round brilliant-cut, W- to X-color, VVS2-clarity diamond necklace, which has baguette-cut diamonds set into the chain, was expected to fetch $200,000 at the May 2 Fine Jewels sale, Heritage said last week. In total, the auction realized $5.4 million.A round bri...Read More

(IDEX Online) - UK-based miner Vast Resources has indicated it still hopes to win the go-ahead from Zimbabwe's government to operate in the Marange diamond fields.It has partnered with Chiadzwa Community Company (CCC) and had hoped to sign a deal back in 2019.Despite a series of delays, Vast's CEO Andrew Prelea has indicated that the company remains hopeful it will be granted licenses to...Read More

(IDEX Online) -  The former bookkeeper at New York jewelry company Julie Vos has been charged with stealing over $2.8m to pay his American Express bills.Francisco Lopez, 36, from Bayside, New York, was indicted with grand larceny in the first degree and criminal possession of stolen property in the first degree.He is alleged to have made thousands of fraudulent transactions - "regularly but d...Read More

(IDEX Online) - De Beers says its blockchain-backed Tracr platform is now able to track the journey of every diamond it sells, from Sight to retailer.The UK-based miner says the tamper-proof technology has already been used for a quarter of its production by value during its first three Sights of 2021.Tracr, which employs blockchain, artificial intelligence, the Internet of Things and advanced sec...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 70 points in pre-opening trade. Starbucks dropped $1.46 to $75.06 after Deutsche Bank lowered its target price from $116 to $103.Shopify fell $20.00 to US$357.49 after Wedbush dropped its target price from $630 to $538.Duke Energy slipped $1.16 to $110.16 after reporting lower than consensus first quarter earnings. Un...Read More

Trevali Mining (TSX: TV; US-OTC: TREVF) has said that it is yet to locate or communicate with the eight underground miners who went missing on Apr. 16 at its Perkoa zinc mine in Burkina Faso after flooding caused by heavy rainfall disrupted operations, the company said. The Burkina Faso government is conducting an investigation into the flooding event, Trevali's director of investor relations,...Read More

A renewed focus on creating meaningful partnerships between miners, host communities and governments is quintessential to unlocking economic prosperity for African stakeholders, Barrick Gold (TSX: ABX; NYSE: GOLD) CEO Mark Bristow told the Investing in Africa Mining Indaba on May 9.The chief executive of the world's second-largest gold producer by volume calls it "partnerships for prosperity," whi...Read More

The Dow Jones Industrial Average fell 162.13 points or 0.49% to 32,899.37 and the S&P 500 fell 32.04 points or 0.77% over the week to 4,123.34. Shares of Cameco fell 1.97% to US$23.84 as the company failed to attract additional long-term uranium contracts during the first quarter of this year, beyond the 40 million lb. announced in mid-February. The company said that it had a "significant pipelin...Read More

Over the May 2-6 trading period, the S&P/TSX Composite Index inched 58.94 points or 0.28% lower, to 20,633.28. The S&P/TSX Global Mining Index lost2.83 points or 2.52% to 112.16 and the S&P/TSX Global Base Metals Index fell 8.22 points or 4.37% to 188.01. The S&P/TSX Global Gold Index fell by 0.91 points or 0.28% to 323.52 and spot gold ended the week US$12.65 per oz. higher, or 0.67%, at US$1882....Read More