Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
CloseGain/LossGold $1201.50-$8.40Silver$14.01-$0.16XAU62.65-2.36%HUI140.33-2.15%GDM519.17-2.03%JSE Gold1096.10-2.01USD97.59+0.69Euro112.21-1.18Yen87.97-0.06Oil$59.93-$0.2610-Year3.184%-0.006T-Bond138.53125+0.625Dow25387.18-2.32%Nasdaq7200.87-2.78%S&P2726.22-1.97% The Metals: Gold fell $5.90 to $1204.00 in Asia before it rebounded in London, but it then fell to a new sessi...Read More
Silver bulls often tussle over whether to buy silver bullion for the long term or to speculate in silver mining stocks for potential silver price outperformance.Here we cover some of the key differences between the two as well close with data comparing silver mining stock performance vs silver bullion since the middle 1980s to today.We will begin this content with a broad generalization.You buy a...Read More
RAPAPORT... Graff Diamonds has showcased the first of more than 60diamonds it plans to polish from the 1,109-carat Lesedi La Rona rough stone itbought last year. Each diamond will have D color and "exceptional" clarity,Graff said Monday. The company's gemologists and craftsmen spent more than ayear analyzing the rough stone, which it bought from Lucara Diamond Corp. for $53million in September 201...Read More
RAPAPORT... Sales at Sarine Technologies rose in the third quarterdespite difficult trading conditions, the equipment maker said. Revenue grew 3.7% year on year to $11.7 million for thethree months ending September 30 as the company sold a larger number of Galaxymapping machines. Net profit jumped to $269,000 versus a loss of $530,000 ayear ago due to improved cost management and lower operating e...Read More
RAPAPORT... Rio Tinto broke records at its 2018 Argyle Pink DiamondsTender as a 2.28-carat stone became the most valuable in the event's 34-yearhistory, the miner said. The fancy-purplish-red Argyle Muse was the top seller at thetender, going to an unnamed buyer for an undisclosed amount, Rio Tinto said lastweek. In addition, the Argyle Alpha, an emerald-cut, 3.14-carat diamond, set arecord a...Read More
RAPAPORT... Alrosa's sales dropped 28% year on year to $242.8 million inOctober amid weaker demand for smaller rough stones and a slowdown in theIndian market. Indian demand fell due to the depreciation of the rupee andtighter bank credit for manufacturers, the miner explained. "A number of minorbankruptcies" in India had a negative impact on the sector, while the period was also seasonally weak d...Read More
The Dubai Diamond Exchange (DDE) and Stargems Group have completed six rough diamond tenders of Anhui-Congo Mining Investment Company goods, with over two-million carats sold.The tenders were held at the Almas Tower with around 200 diamond companies in attendance and were facilitated by the DDE in a secure, transparent and regulated environment.AdvertisementDDE parent company, the Dubai Multi Comm...Read More
(IDEX Online) - Sarine Technologies reported that group revenue rose 4% to US$11.7 million and net profit improved to US$0.3 million in Q3 2018 despite cyclical weakness in the diamond polishing midstream. Highlights in the report include: The Group delivered 13 Galaxy family systems to customers in Q3 2018 and expanded total installed base to 390 as of 30 September 2018 Backed by...Read More
RAPAPORT... The Central African Republic (CAR) is hoping this week's Kimberley Process (KP) meeting will help raise its rough-diamond exports. Mining Minister Leopold Mboli Fatran is appealing to the KP to approve nine additional zones from which the CAR can export production, in addition to the five areas that were approved in 2015. This would enable the country to attract investors to refor...Read More
(IDEX Online) - The World Diamond Council (WDC), an industry group focused on preventing conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, intends to push for progress on proposed reforms to the Kimberley Process at the KP Plenary meeting starting in Brussels today. The Plenary meeting continues until November 16. Specifically,...Read More
(IDEX Online) - Lucara Diamond Corp. reported quarterly sales revenue of $45.7 million (Q3 2017: $77.9 million) or $450 per carat (Q3 2017: $1,161 per carat) in its results for the third quarter ended September 30. This revenue includes proceeds of $3.9 million received in July related to the company's June tender. Third quarter sales from 2017 included the sale of the Lesedi La Rona f...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. Altria (MO $63.42) is expected to open lower following a Wall Street Journal report that the FDA plans to propose a ban on menthol cigarettes. L Brands added $1.10 to $37.60 after Wells Fargo upgraded the stock to Outperform from Market Perform. Target was raised to $55 from $30.Yelp ((Y...Read More
Back in 1979 and 1980, I remember my poor dad talking about the rate of return he was getting on his bank's certificates of deposit (CDs). It seemed normal at the time, but their rate was 18%. Who wouldn't like an 18% return on a CD today?What I found really interesting though was when the savings-and-loan crisis hit in the 1980s: the bank retracted the 18% interest rate and basically cancelled th...Read More
Colorado School of Mines welcomed more than 200 4th and 5th grade Girl Scouts to campus Nov. 10 for Girl Scout Engineering Day and multiple Denver TV stations were there to cover the fun morning of science exploration. Intended to introduce middle-school girls to STEM fields and majors at Mines, the day's hands-on activities included lava lamps, robotic hands, asphalt cookies, slime, binary bracel...Read More
Colorado School of Mines has begun accepting applications for a new joint graduate program with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) that will launch in the fall of 2019. Unlike traditional energy programs that focus on individual technology areas, economics or policy, the interdisciplinary Mines/NREL Advanced Energy Systems degree program will capitali...Read More
Perhaps even more ironic, much of the BHP train wreck on the line to Port Hedland in Western Australia, including wagons and pieces of the locomotives, could end up in a Chinese scrap-metal yard and become part of a growing scrap problem for iron ore miners. One recent estimate is that 70-80 million tonnes of iron ore could soon be displaced by the rising tide of scrap in China, which is used...Read More
Nov 13, 2018 Guest(s): Patrick Ceresna Founder & Chief Derivative Market Strategist, Big Picture Trading Investors should brace for a possible bear market in equities for 2019, and there are a number of safe haven assets to turn to on top of gold, said Patrick Ceresna, founder and chief derivative market strategist at Big Picture Trading. "I think everyone's a little too bearish on treasury bond...Read More
The French Prime Minister attacks President Trump abroad, Democrats prepare to take power, and Republicans struggle for a message.Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More