Silver has punched through $15, nearly erasing all losses from the August 15th beat-down. The gold chart isn't too shabby either. Here are the details...Silver has just punched through the $15 price level:This is even before the opening bell.Let's see if silver can get put in a close above this psychologically-important whole number.The last time one ounce of silver cost $15 was on August 15th, 20...Read More
While it's easy to find articles that suggest a Santa Claus rally isn't taking place this year, the Power of the Patterns would disagree!This chart looks at the performance from several assets in the metals sector the past 30-days.Even though all of these metals assets are lower in 2018, each of these is experiencing a nice rally this month!So maybe ole Santa didn't disappoint everyone this year....Read More
The Gold Bugs Index could be sending some good news to this out of favor sector of late!The Gold bugs index has struggled for the past 7-years compared to the S&P 500, as it has created a series of lower highs. This decline reflects that Gold miners have been much weaker than the S&P 500. The weakness in the ratio has been suggesting to be long the S&P and short the Gold bugs index.Of late the rat...Read More
RAPAPORT... US retail sales increased 5.1% this holiday season, buoyedby a rise in online purchasing, according to Mastercard SpendingPulse. Revenues across all retail categories climbed to more than $850billion for the period from November 1 to December 24, recording the strongestgrowth in six years, the report said Wednesday. Online purchases jumped 19% forthe same period. "From shopping a...Read More
RAPAPORT... The US saw a sharp increase in imports and exports of polisheddiamonds in October, according to data from the US Census Bureau. Inboundshipments hit a record level for any month other than May,which is boosted by preparations for the annual JCK Las Vegas fair, Rapaport archives show. Rough tradingslowed.US Diamond Trade Data for October 2018 Millions unless stated otherwiseRead More
RAPAPORT... A five-year dispute between diamond manufacturer Pluczenik and broker W. Nagel is set to continue, despite a recent court ruling. Pluczenik has submitted an appeal to the UK Supreme Court, seeking to overturn a directive for its Belgium-based business to pay Nagel $3.3 million over a breached pact made nearly 25 years ago. The sides had different interpretations of the nature of a 1994...Read More
RAPAPORT... Two of the largest suppliers of better-quality, small polished diamonds have combined their operations, signaling further consolidation in the diamond-manufacturing sector. A joint venture between Niru Group and EZ Diamonds will bring EZ's supply of round diamonds below 0.70 carats into Niru's infrastructure, the companies announced this week. Niru will adopt EZ's online portal, a...Read More
(IDEX Online) - Diamond firms Niru Group and EZ Diamonds are combining their polished diamond operations into a joint business. Both manufacturers are specialists in small high-quality diamonds typically used by watch and jewelry makers with thousands of calibrated assortments. EZ Diamonds' round stones of 0.70 carats and below will move into Niru's The companies say they...Read More
(IDEX Online) - De Beers has announced its sales dates for next year, while ALROSA has published its sales results announcements for 2019. De Beers Sales Cycles 2019: Sight 1: January 21-25 Sight 2: February 25 - March 1 Sight 3: April 1-5 Sight 4: May 13-17 Sight 5: June 17-21 Sight 6: July 22-26 Sight 7: August 19-23 Sight 8: September 23-27 Sight 9: November 4-8 Sight 10: December 9-13 &...Read More
The VIX Index spiked on Monday on increasing equity market volatility.The Nikkei Average plunged 5.0% to 19,156 on Christmas Eve completing a double top pattern. Trader's CornerEquity Indices and related ETFsDaily Seasonal/Technical Equity Trends for December 24th 2018 Green: Increase from previous dayRed: Decrease from previous day CommoditiesDaily Seasonal/Technical Commodities Trends...Read More
I hope you had a wonderful Christmas. And I hope you got the chance to look at that potentially life-changing video... though if you didn't don't worry. I made sure to get you some extra time, just click here to take a look before it comes down tonight!After that, let's back to the story.What's Your Game?If you didn't already know, rugby is one of the most physically demanding sports there is, far...Read More
In addition to The Northern Miner's full podcast episodes that can stretch beyond an hour, we also produce bonus, short, single-topic podcast segments, called a "Miner Moment". The following are the best Miner Moments of 2018, as selected by Northern Miner editor-in-chief John Cumming, in chronological order:________________________________________1. Miner Moment #9: Artisanal cobalt mining in th...Read More
On Thursday, December 31, 2015, at around 4:30 p.m. Central time, a floating city named the Theo T departed the Port of Corpus Christi in southeast Texas.The Theo T's destination was kept a secret by its owners, but we do know the contents it was holding below its deck were worth an estimated $24 million.Later, marine shipping records revealed the Theo T was on a three-week journey eastward across...Read More
As I mentioned in my post on lessons investors learned in 2018, most investors will want to forget 2018. However, the turmoil we are experiencing now across markets could Continue...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
In my video update on Friday, I outlined three strong support levels for the broad markets. For the S&P 500, the support was 2,430. For the Dow is was 22,275. And for the Nasdaq it was 6,300.Continue...Read More
An iA Securities report notes the early results from this Canadian mine indicate gold grades could increase. In a Dec. 19 research note, analyst George Topping reported that preliminary bulk sampling results from Osisko Mining Inc. (OSK:TSX) Windfall project demonstrate a "39% positive reconciliation in grade." Findings are from 2,078 tons of ore obtained from block 114 in zone 27 at the Quebec p...Read More
Money manager Adrian Day explains why he believes investors should sell this stock before the end of the year. Our somewhat aggressive limit to sell Nevsun Resources Ltd. (NSU, NY, 4.38-4.39) has not filled. Given the looming deadline, we now have a choice. Sell shares in the market now, with a limit of $4.39. Given the currency conversion fee charged by most brokerages, this is essentially the C...Read More
This is the enemy's pla, and thus far they are carrying it out with almost no resistance whatsoever. Will we wake up and realize what's happening before it's too late?Continue...Read More
"The slowdown in US economy seen since the start of 2018 and it is visible in the performance of US bonds", says Marc Faber, Editor & Publisher of "The Gloom, Boom & Doom Report". He adds weak oil prices, signal economic slowdown/ recession.*This interview was recorded on 12/26/18Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 197...Read More