The Daily Gold, Released on 6/1/22Over the past 20 years there have been two major points at which a peak in the Oil price corresponded to a significant low in the gold mining stocks. Oil could be breaking out here and if it can push above $115, it has a clear path to $145-$150, the all time high. Oil's term structure suggests it's likely to make a peak over the coming months. Oil peaking and corr...Read More
Some analogies in the gold market thatmay be a hint for investors can be seen right now. If there's a 2008 rerun,what could that mean in the near term?The precious metals market declinedyesterday, and while the move is still small, it’s nice to see that our shortpositions in juniors are already profitable.Something quite interesting happened intheir price movement at the beginning of yesterd...Read More
The study will build upon the 22,000 tonnes per day operation detailed in the pre-feasibility study published in January and include a significant amount of work the company was unable to complete inRead More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesAfter what Castillo managing director Dr Dennis Jensen described as a "Herculean effort" by its geologists, the company has announced an inferred 64 million tonnes grad...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu mines The current resource comprises a skarn component of 6.3 million tonnes grading 5.6 grams per tonne gold equivalent for 1.1 million ounces and 41.4Mt of intrusion/sedim...Read More
Musk's latest salvo against ESG followed a raid by authorities on the Frankfurt offices of Germany's top asset management firm DWS Group on 31 May over greenwashing allegations linked to the firm'sRead More
Drilling results at Jerritt Canyon included the SMI-LX-1112 drill hole at the Smith/SSX mines which resulted in 8.39 g/tonne of gold over 29.Read More
RAPAPORT... Israel and the United Arab Emirates (UAE) have reached a trade deal that will abolish certain tariffs on diamonds and jewelry.The Comprehensive Economic Partnership Agreement (CEPA) will eliminate customs duties on more than 96% of products across a range of sectors, the countries said Tuesday after signing the document. It will advance bilateral trade beyond $10 billion within fi...Read More
RAPAPORT... Hong Kong's hard-luxury sales saw an upswing in April as the health situation improved and the government released new retail vouchers.Revenue from jewelry, watches, clocks and valuable gifts climbed 14% year on year to HKD 3 billion ($382.7 million) for the month, the municipality's Census and Statistics Department reported Wednesday. The increase comes after two consecutive months of...Read More
RAPAPORT... Dubai-based luxury conglomerate Damac Group has purchased Swiss jeweler De Grisogono in an effort to penetrate new sectors."Keeping in line with our ambitions to expand our business into the luxury and high-end fashion realm, bidding for De Grisogono came to us naturally," Damac founder and billionaire Hussain Sajwani said Tuesday. "A relatively young but established brand, it has imme...Read More
(IDEX Online) - The first steps towards setting up a traceability program have been taken in Democratic Republic Congo (DRC), which dominates the world's supply of diamonds from artisanal and small-scale mining (ASM).A pilot project involving Antwerp World Diamond Centre (AWDC), the DRC mining ministry and tech company Everledger aims to establish a fully transparent value chain in a country...Read More
(IDEX Online) - Foreign sales of Swiss watches slowed in April, as China was hit by Covid lockdowns.Total export revenue was just under $2bn, its lowest since August 2021, according to figures released by the Federation of the Swiss Watch Industry. That's up 7.3 per cent on April 2021.Sales to the US, by far the biggest single market, was up 37 per cent to $335m.But exports to second-pl...Read More
(IDEX Online) - Supermodel Karen Elson is the face of Natural Diamond Council's (NDC) newest campaign.She wears Bulgari, Cartier, Van Cleef & Arpels, Bucherer, Chanel, Gucci, Louis Vuitton, and many more brands in the first ever digital cover for Only Natural Diamonds, the NDC's consumer-facing digital platform.British-born Elson (pictured), 43, also a singer-songwriter, was chosen a...Read More
(IDEX Online) - Raiders fled empty-handed after they were kicked and punched by staff at a jewelry store in California, USA.One of the four robbers smashed a display case with a hammer at the Princess Bride Diamonds, in the Bella Terra shopping mall, Huntington Beach (on Sunday 29 May).But staff, together with the owner's relatives, fought back. One female employee can be seen on CCTV repeate...Read More
(IDEX Online) - Pandora and LVMH are both enter the Top 10 of $100m supersellers in National Jeweler magazine's annual State of the Majors report published yesterday. Signet remains in first place, with sales across North American of $7.30bn in 2021, a huge increase from $4.84bn the previous year. Walmart, Amazon and Costco are second, third and fourth respectively, unchanged from last year,...Read More
(IDEX Online) - There were many losses during May, especially among goods under 0.3-cts, and many gains, especially among goods over 2.0-cts, amid ongoing uncertainty. Manufacturers have been switching to LGDs as the preferred replacement for naturals smalls, which have been in desperately short supply, especially since sanctions were imposed on Russia. This largely accounts for these price d...Read More
U.S equity index futures were higher this morning. S&P 500 futures were up 17 points in pre-opening trade.Investors are awaiting U.S. economic news to be released at 10:00 AM EDT. Consensus for April Construction Spending was an increase of 0.5% versus a gain of 0.1% in March. Consensus for the May Manufacturing ISM Purchasing Managers Index is a slip to 54.5 from 55.4 in April.Investors also...Read More
Red Cloud's Mining Analyst to Interview Chairman and Co-Founder, Mr. Luke Norman, and President and CEO, Mr. George BeeEvent will provide an update on the Company's advanced gold and copper asset, the CK Gold Project, in WyomingCHEYENNE, Wyo., June 1, 2022 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, announced that it will be conducting a live webina...Read More
Mayfair Gold (TSXV: MFG) recently completed the purchase of carbon offsets to account for its 2021 emissions, making its Fenn-Gib gold exploration project in northern Ontario carbon neutral. Companies can buy carbon offsets to decrease theircarbon footprints. The funds provided are often invested in environment-friendly projects. Ontario-based Mayfair bought carbon offsets worth $14,760 for...Read More
Success begets success; in the mining industry, jurisdictions that continually reward exploration companies for their efforts will attract more attention and more exploration. In Newfoundland and Labrador, a number of gold projects in stages between initial drilling to mine development - including Matador Mining's (US-OTC: MZZMF; ASX: MZZ) Cape Ray gold project and Marathon Gold's (TSX: MOZ; UT-O...Read More