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Amazon to lay off 18,000 employees

January 04, 2023 / marketsanity.com

Geekwire (via MSN), Released on 1/4/23"These changes will help us pursue our long-term opportunities with a stronger cost structure; however, I'm also optimistic that we'll be inventive, resourceful, and scrappy in this time when we're not hiring expansively and eliminating some roles," Continue... Amazon to lay off 18,000 employees added by Herman James on 01/05/2023View all posts by Herman James...Read More

The gold stocks-to-S&P 500 ratio just broke out from key resistance

January 05, 2023 / marketsanity.com

Tavi Costa - Twitter, Released on 1/5/23The "Buy gold and sell stocks" strategy has been on fire recently.As a result:Miners started to significantly outperform overall equities. The gold stocks-to-S&P 500 ratio just broke out from key resistance. A historically cheap industry ripe for a big move to the upside. pic.twitter.com/ubelbUUeWC- Otavio (Tavi) Costa (@TaviCosta) January 5, 2023 Tavi Costa...Read More

Why are global central banks adding so much gold to their reserves?

January 02, 2023 / marketsanity.com

Daniel Lacalle, Released on 1/2/23In 2022, central banks will have purchased the largest amount of gold in recent history. Continue... Why are global central banks adding so much gold to their reserves? added by Herman James on 01/05/2023View all posts by Herman James ?+'Read More

Mining Project Could Be Carbon Net Zero

January 06, 2023 / www.theaureport.com

Such a scenario is possible for this nickel-cobalt asset thanks to its owner's carbon sequestering process, noted a Research Capital Corp. report.Improvements to Canada Nickel Co. Inc.'s (CNIKF:OTCMKTS;CNC:TSX.V) proprietary in-process tailings (IPT) carbonation process are "impressive" on a laboratory scale and, thus, bode well for the explorer's Crawford nickel-cobalt project in Ontario's Timmin...Read More

Yahoo: Bullion Jumps into New Year

January 03, 2023 / www.bullionvault.com

LONDON, 3 January 2023 - Comment from BullionVault leads a report on gold's strong start to the year published at global internet portal Yahoo's finance pages."Fear and doubt across wider financial markets mean gold and silver have begun 2023 with a typical New Year surge," says the article, quoting Adrian Ash, director of research.Read the full story, widely syndicated worldwide and first publish...Read More

Financial Times: Central Banks' Gold Buying Shows Mistrust & Doubt

December 30, 2022 / www.bullionvault.com

LONDON, 30 December 2022 - Comment and analysis from BullionVault leads a report in today's Financial Times on this year's heavy central-bank gold buying.With the mining-backed World Gold Council saying that 2022 saw central banks buy the most gold since 1967, back when gold was a key pillar of the global monetary system, this "would suggest the geopolitical backdrop is one of mistrust, doubt and...Read More

Is the US Dollar Building Strength to Push Gold Prices Down? / Commodities / Gold & Silver 2023

January 04, 2023 / www.marketoracle.co.uk

The USD Index is a key driver of goldprices (apart from real interest rates). How much strength has it shownrecently?In yesterday’s analysis, I compared thecurrent situation in the precious metals to the one in stocks that we saw lastyear. It appears that the similarity remains up-to-date as gold is up intoday’s pre-market trading (at the moment of writing these words).As you may recal...Read More

Regulus gets Nuton investment

January 05, 2023 / www.mining-journal.com

Regulus and Nuton will jointly undertake copper sulphide leach testing utilising Nuton's copper sulphide leach technologies with samples from its AntaKori copper-gold project in Cajamarca.Read More

Coming year could be 'tricky' for miners

January 05, 2023 / www.mining-journal.com

Look beyond market approach to project valuations: van ZylLeadership4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingCypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp"The miners are trading at premium valuations heading into a tricky...Read More

Chile royalty bill advances

January 05, 2023 / www.mining-journal.com

The bill was modified in October 2022 to apply a flat-rate ad valorem, or revenue-based, tax of 1% for large-scale copper mining whose exploitation exceeds 50,000tpa, thus excluding medium-sizedRead More

Cobre Panama still producing, contract talks continue...

January 05, 2023 / www.mining-journal.com

With the parties unable to agree on new contract terms by a 14 December 2022 deadline imposed by the government, a week later the government ordered the company to place the operation on care onRead More

A Second Month of Decline for US Watch and Jewelry Sales

January 05, 2023 / www.idexonline.com

(IDEX Online) - Watch and jewelry sales in the US for November were down 3.8 per cent year-on-year. October's figure, initially reported as a fall of 1.9 per cent, has since been revised down, based on actual through-the-till transactions rather than estimates, to 3.4 per cent, according to the latest figures from the Department of Commerce. Likewise September has been revised from a 1.3...Read More

Going Underground Again for US Sapphires

January 05, 2023 / www.idexonline.com

(IDEX Online) - Underground mining for sapphires has resumed in Montana, USA, after four decades.The long-dormant Yogo Mine, close to the town of Utica, is being revived. And after two years of surface mining, operators Yogold USA are now going underground.They've dug a 3,000ft tunnel and are extracting up to 100 tons of ore today, in search of Yogo sapphires which range in color from deep co...Read More

Jewelry and Watch Sales Fall in Hong Kong

January 05, 2023 / www.idexonline.com

(IDEX Online) - Sales of jewelry in Hong Kong fell last November, according to newly-released figures.Total retail sales fell year-on-year by 4.2 per cent. The figure for jewelry, watches, clocks, and valuable gifts was almost double that, at 8.3 per cent (The Census and Statistics Department does not provide a more detailed breakdown). Total sales were $372m.The sectors that fared worse were comm...Read More

Record Rise and Record Fall Leave IDEX Polished Price Index Down 7.5% in 2022

January 05, 2023 / www.idexonline.com

(IDEX Online) - 2022 proved to be a year of highs and lows, as the Index hit its highest point in over a decade, then nose-dived to close the year down 7.5 per cent overall (from 142.86 in January to 132.15 in December).Even through the pandemic, aside from the very early months of 2020, the Index was climbing, and as lockdowns and travel restrictions were eased, it surged as never befor...Read More

Tech Talk for Thursday January 5th 2023

January 05, 2023 / www.timingthemarket.ca

U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade. Index futures moved lower following release of the U.S. November Trade report at 8:30 AM EST. Consensus was a deficit of $63.1 billion versus a deficit of $78.20 billion in October. Actual was a deficit of $61.5 billionConAgra added $0.95 to $39.60 after the company raised its outlook f...Read More

Time to Get Real About Ukraine

January 04, 2023 / dailyreckoning.com

The war in Ukraine remains the most important story in the world today.Don't believe the incessant U.S. government and media propaganda about Ukraine. Ukraine is not winning the war; they are losing badly.But wait, hasn't the news been talking up Ukrainian gains in recent months, while Russia is retreating and being badly beaten? That's the mainstream, pro-Ukrainian narrative. Here's the reality:M...Read More

The View from England: When copper production was dominated by the Welsh

January 05, 2023 / www.northernminer.com

The U.K. no longer springs to mind as a mining giant, but we used to have a dominant role in the global industry. The extraction of non-ferrous metals on these islands, particularly copper and tin, dates back to before 2000 BC, and surface workings for coal and iron ore were widespread after the beginning of the Iron Age around 750 BC. This mineral wealth was one of the things that attracted the a...Read More

Royal Gold bolsters royalty position at Nevada's Cortez complex with US$204M deal

January 05, 2023 / www.northernminer.com

Royal Gold (NASDAQ: RGLD) has further consolidated its royalty position at the world-class Cortez gold complex in Nevada, which has been operating since 1969 and produced roughly 27 million oz. of gold to date.On Thursday, the company announced it has acquired two portions of a gross smelter return royalty that together cover a 1,630-sq.-km area including the Cortez mine operation and the entirety...Read More

White Gold seeks Klondike rush source in Yukon drill results

January 05, 2023 / www.northernminer.com

White Gold (TSXV: WGO; US-OTC: WHGOF) says drilling on its Ryan's Surprise target south of the historic Klondike gold rush territory in the Yukon bodes well for an initial resource estimate. The Toronto-based explorer backed by Agnico Eagle Mines (TSX: AEM, NYSE: AEM) and Kinross Gold (TSX: K, NYSE: KGC) spent $6 million last year on a diamond drilling program showing gold mineralization over...Read More

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