Further weakness in China’s Caixin manufacturing purchasing managers’ index (PMI), that fell to 48.3 in January from 49.7 in the prior month, was enough to dent confidence in the base metals market this morning, Friday February 1, with prices for the most part weaker as a result. Three-month base metals prices on the London Metal Exchange were down by an average of 0.3% this morning, wit...Read More
More technical evidence that the U.S. Home Building Industry has bottomed: Nice breakout by ITB above $33.67 extending a double bottom pattern. StockTwits Released Yesterday @EquityClockTechnical action by S&P 500 stocks to 10:15: Bullish. Intermediate breakouts: $LEN $SBUX $WYNN $MDLZ $ALGN $MA $CHTR. Breakdowns: $CLX $HSYAfter 10:00 AM EST, breakouts included MA, CHTR, DXC, FAST, TGT, E...Read More
(IDEX Online News) - Price changes in round and fancy shape diamonds in December were relatively rare. In round goods, stones of 0.80-0.89 carats in E-G, I3, fell 4%; in 2.00-2.99 carat diamonds D, I1-I3, of 2-4%; and in a range of colors and clarities in 3.00-3.99 carats and 4.00-4.99 carat stones. There were rises in a range of colors and clarities in 0.30-0.39 carat stones; in 0.45-0.49 carats,...Read More
(IDEX Online) - The Delgatto Diamond Finance Fund held a well-attended roadshow at the Antwerp Diamond Club on January 28, presenting its range of asset-based financing programs for the diamond and jewelry industries. There was strong interest in its flexible financing options for the diamond industry, particularly in light of the withdrawal of banks from the sector. US-based Delgatt...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has generated A$22.9-million in revenue from the first sale of exceptional diamonds under the new diamond marketing policy in Angola.The ASX-listed company sold seven large and top quality diamonds weighing 498 ct from its Lulo alluvial mine, achieving a sales price of $16.7-million, which averaged at $33 530/ct.AdvertisementThe...Read More
Dr Michiel de Wit will be stepping down as TSX-V-listed Tsodilo Resources president and COO.Dr Alistair Jeffcoate has been appointed as his successor.AdvertisementDe Wit will also step down from the company’s board, but will remain “closely associated with the company” as a technical adviser.To watch Creamer Media's latest video reports, click here AdvertisementRead More
Based on diamond miner equities, sentiment surrounding the diamond industry is currently at a historically low level, says diamond analyst Paul Zimnisky. However, global diamond jewellery sales have been growing at a steady rate, in nominal and real terms, for the past nine years, he adds.In a report released on his website last week, he notes that, "over the past two years, a basket of diamond pr...Read More
Why are Armenians fighting over the controversial Amulsar gold mining project and how does it affect the country's new government?Read full newsRead More
"Should Lena Gold-Mining Public Joint Stock Company Lenzoloto's (MCX:LNZL) Weak Investment Returns Worry You? https://t.co/t4DQBetzGn"Read full newsRead More
"Refinitiv GFMS has released its Gold Survey Q4 2018 report, explaining why gold rose in the fourth quarter and predicting where it's headed in 2019. https://t.co/V6pP8o2UBd @Refinitiv #Gold #investing #GoldSurvey #INN"Read full newsRead More
The Fed capitulation appears to have been seen early by gold and the market is now implying a 13.5bps rate-cut in 2019... as stocks soar...Read full newsRead More
By: Gary ChristensonGold prices (weekly chart) formed an impressive inverse head and shoulders formation during a five-year base. Gold prices, which bottomed in December 2015, should climb the wall of worry.WHAT WALL OF WORRY?Really? You have to ask? Financial, stock market, debt and political worries come to mind:Global debt is about $250 trillion. The lenders expect to be repaid plus interest....Read More
By: Richard (Rick) Mills Gold markets were rocking on Tuesday, lifted by a basket of factors that included poor stock market performance earlier in the week, slow growth in China, weak earnings reports and expectations the US Federal Reserve would strike a dovish tone at its two-day meeting starting on Tuesday afternoon. The Fed raised interest rates four times in 2018 but some officials have...Read More
Well, there you have it: the most brazenly bogus rally in the history of the world. Are these guys good, or what? The fix was in even before Powell declared Wednesday afternoon that the Fed would be "patient." (Now there's a word that will reverberate through history!) AAPL's and Boeing's handlers had already gotten the jump on the Fed chairman's latest PR mutterance, deftly engineering respec...Read More
By: Gary ChristensonGold prices (weekly chart) formed an impressive inverse head and shoulders formation during a five-year base. Gold prices, which bottomed in December 2015, should climb the wall of worry.WHAT WALL OF WORRY?Really? You have to ask? Financial, stock market, debt and political worries come to mind:Global debt is about $250 trillion. The lenders expect to be repaid plus interest....Read More
By: Richard (Rick) Mills Gold markets were rocking on Tuesday, lifted by a basket of factors that included poor stock market performance earlier in the week, slow growth in China, weak earnings reports and expectations the US Federal Reserve would strike a dovish tone at its two-day meeting starting on Tuesday afternoon. The Fed raised interest rates four times in 2018 but some officials have...Read More
Well, there you have it: the most brazenly bogus rally in the history of the world. Are these guys good, or what? The fix was in even before Powell declared Wednesday afternoon that the Fed would be "patient." (Now there's a word that will reverberate through history!) AAPL's and Boeing's handlers had already gotten the jump on the Fed chairman's latest PR mutterance, deftly engineering respec...Read More
"iMetal Mobilizes for Drilling at Gowganda West -- $IMR #IMR @iMetalResources #Gold #Silver #Copper #Cobalt #momentumstocks #smallcap #hotstocks #Gowganda #PDAC2019 --Read the News Release here: https://t.co/DqlEFmXxi2"Read full newsRead More
A Canadian government led by Andrew Scheer, the current leader of the Conservative Party of Canada, would repeal legislation currently before the Senate that hobbles resource development.Speaking at Roundup 2019, Scheer said if a Conservative government is elected on October 21, they will "develop a process that aims to get things done in this country."The four-day annual mineral exploration meet-...Read More
Cobalt Blockchain Inc. (Read full newsRead More