The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
Last year was a tough one for silver investors and miners. The white metal started the year on a positive note, opening at just over US$17 an ounce, but then the wheels fell off and it plunged to under US$14 per ounce in mid-November 2018.While silver has rallied in recent days, following gold higher, to trade at US$15.70 per ounce, it is still well under US$17 an ounce and down by 8% over the las...Read More
In early December, I'd discussed bullish signs for gold as we prepared to enter the new year. At the time, the spot price of gold had just reached $1,250 per ounce. As of this writing, gold has climbed to nearly $1,300 per ounce. There is good reason to believe that the yellow metal can carry this momentum throughout 2019.The bout of stock market volatility has spilled over into 2019. It shows no...Read More
I was trying to acquire perspective on the world of gold by getting far away from the supposedly experts of all names that no-one had previously heard of, like the Jim Rickard, this other unknown, that other newcomer, etc.... They put their grain of salt on everything as if they were knowledgeable, like << the velocity of money is slowing today >> and << the CIA chief has had a bad night and...Read More
I was trying to acquire perspective on the world of gold by getting far away from the supposedly experts of all names that no-one had previously heard of, like the Jim Rickard, this other unknown, that other newcomer, etc.... They put their grain of salt on everything as if they were knowledgeable, like << the velocity of money is slowing today >> and << the CIA chief has had a bad night and...Read More
The gold stocks’ young uplegis really growing, on a trajectory to become major. This contrarian sector is breaking out to theupside on multiple fronts technically, which is really improving sentiment. Traders’ extreme bearishness of late summerhas mostly abated, with bullish shoots taking root. Fundamentals certainly justify the mountinggold-stock buying, with earning...Read More
RAPAPORT... Dalumi Group has shut down Zoara, its jewelry retail platform,the Israel-based diamond company said.The e-commerce page stopped accepting purchases on January 1,and will complete and ship remaining orders in the next few days, accordingto a message on the site. "It was our honor to provide you with outstanding diamondsand fine jewelry to celebrate the important moments of life," the me...Read More
RAPAPORT... Same-store jewelry sales at Titan Company grew during the thirdfiscal quarter, signaling strong demand for branded jewelry during the Diwali and Dussehra festivalperiod, the Indian retailer said. "Customer demand was buoyant in the festive season ofDiwali-Dussehra," the company noted in a trading update Friday. "Expansion ofthe store network continued as planned, to benefit from the ri...Read More
RAPAPORT... Retail sales of jewelry and other luxury items in Hong Kongdeclined for the first time in 17 months as global economic uncertainties impacted consumer sentiment.Revenues from jewelry, watches, clocks and other valuablegifts dropped 3.9% to HKD 5.88 billion ($750.8 million) in November, themunicipality's Census and Statistics Department reported Thursday. Sales in allretail categories i...Read More
RAPAPORT... The Diamond Producers Association (DPA) has appointed former VanCleef & Arpels marketing executive Kristina Buckley Kayel as managingdirector for North America. Buckley Kayel will be in charge of developing andimplementing the DPA's consumer-marketing and communications strategy,beginning February 4, the organization said Thursday. Reporting to CEOJean-Marc Lieberherr, she will foc...Read More
Pacific Empire Minerals (TSXV: PEMC) recently consolidated 90 sq. km of contiguous claims in central B.C.'s Babine copper-gold porphyry district into its Paragon copper-gold project after amalgamating its Wasp property and recently option Nilkitkwa property with six claims of newly staked ground.Rock samples from a due diligence program at Nilkitkwa include 1.89% copper and 0.2% copper. The six cl...Read More
Erik Townsend and Patrick Ceresna welcome Marin Katusa to MacroVoices. Erik and Marin discuss uranium producers and the recent drop in oil prices. They then go on to discuss the opportunities in the steel and diamond industries. They finally wrap things up with a broader look at resource investing and what it takes to be a successful resource investor.Marin Katusa has worked directly with and fina...Read More
Keith Neumeyer is the president and CEO of First Majestic Silver, one of the largest primary silver mining companies in the world. He's also the founder and chairman of First Mining Finance. Both companies are traded on the Canadian and U.S. stock exchanges.Read More
"When he saw I saw him, he sat next to me. He asked me the time, I said it, and I saw he wasn't going to leave. So I already moved to put my cell phone in my waist. And then he said, Continue...Read More
Jason talks about how President Trump is talking about stocks going back up almost daily now in his press briefings and press conferences. But why does he care so much?1) Trump says there was a stock market 'glitch' in December, but it will rise when trade deals fixed https://www.cnbc.com/2019/01/02/trump...2) Trump: December's stock market fall a 'glitch' https://uk.investing.com/news/economy...3...Read More
To create an electric vehicle that's cheaper, safer and capable of traveling the same distance as an internal-combustion engine powered vehicle, the car industry needs Continue...Read More
The precious metals complex has enjoyed a nice run in recent months.Continue...Read More
At least 40 people so far were confirmed killed in Afghanistan over the weekend as the miners searchedContinue...Read More
RAPAPORT... Dalumi Group has shut down Zoara, its jewelry retail platform,the Israel-based diamond company said.The e-commerce page stopped accepting purchases on January 1,and will complete and ship remaining orders in the next few days, accordingto a message on the site. "It was our honor to provide you with outstanding diamondsand fine jewelry to celebrate the important moments of life," the me...Read More
RAPAPORT... Same-store jewelry sales at Titan Company grew during the thirdfiscal quarter, signaling strong demand for branded jewelry during the Diwali and Dussehra festivalperiod, the Indian retailer said. "Customer demand was buoyant in the festive season ofDiwali-Dussehra," the company noted in a trading update Friday. "Expansion ofthe store network continued as planned, to benefit from the ri...Read More