USDX's Friday's close was its highest weekly closing prices of 2018. This is an extremely significant confirmation of the bullish outlook for the US currency that followed the verification of the breakout above the inverse head-and-shoulders pattern. The implications are clearly bullish for the US dollar. But are they clearly bearish for gold? The yellow metal ended the week close to its October...Read More
By Avi GilburtSo, I heard that good news is now bad news and bad news is now good news in the market. Or was that bad news is bad news and good news is bad news? Or, was that bad news is bad news and good news is good news? To be honest, I just can't keep up with all the convoluted ways people try to explain how to view the market based upon news. And, it changes all the time.Last week, I heard...Read More
- Eisman says U.K. is one of the biggest risks globally- He is betting against two UK banks in the lead up to Brexit- Eisman may short 50 other UK firms if "Trotskyite" Corbyn becomes UK PM- Eisman is famous for betting against the US housing market ahead of the 2008 subprime-mortgage crisisby Business Insider UKThe hedge-fund manager famous for betting against the US housing market ahead of...Read More
VANCOUVER , Nov. 5, 2018 /CNW/ - Northern Vertex Mining Corp. (NEE.V) (the Company") is pleased to announce that it has signed a flexible, unsecured working capital facility with Greenstone Resources II L.P. ("Greenstone") for up to US$10 million. The Greenstone facility is available in up to five tranches and the Company has drawn the first tranche of US$2.5 million. The Company expects to...Read More
Peter KrauthInvestors already know how important the dollar is to gold prices, and this last week proved just how true that is.As the greenback soared while stocks struggled, the price of gold fell about $20 per ounce.But that turned out to be little more than a short-lived Halloween scare as gold quickly bounced to recoup those losses and more.Looking back on October, the S&P 500 lost about 1...Read More
Clive says silver has been singularly neglected and unloved, but he says it is a situation that won't last much longer. Here's why...by Clive Maund via Streetwise ReportsSilver continues to be a singularly neglected and unloved investment, and has been for years now, but as we will proceed to see, this is not a situation that is likely to continue for much longer.On its 10-year chart we can see th...Read More
A longitudinal section of the Arrow mine plan relative to inferred resources. Red arrows indicate inferred resources not presently included in the mine plan.SASKATCHEWAN - Vancouver-based NexGen Energy, Wood Group and Rosco Postle Associates have completed the pre-feasibility study for NexGen's Rook I project in the Athabasca Basin. New numbers include a 64% increase in average annual after tax ca...Read More
RAPAPORT... Israeli authorities suspect an employee at a Lev Leviev companyof smuggling hundreds of millions of shekels worth of diamonds into the country,according to local news website Ynet.A staff member at one of the diamond mogul's businesses in Russia is suspected of smuggling large quantities of the stones in suitcases when he moved to Israel six years ago, the Ynet report said. Police also...Read More
RAPAPORT... A rare Kashmir sapphire necklace could set a new auctionworld record when it goes under the hammer at Christie's Hong Kong sale onNovember 27. The Peacock Necklace - which will lead the Magnificent Jewels auction- contains 21 cushion-cut Kashmir sapphires weighing a total of 109.08 carats.The piece, with its 10.56-carat center sapphire, is estimated at $12 million to$15 million....Read More
RAPAPORT... Lucapa Diamond Company hasextracted 1,502 carats of rough during testing at a new alluvial diamond sourceadjacent to its Lulo mine in Angola. The yield included 17 stonesweighing more than 10.8 carats each, as well as a 55.30-carat, D-color, typeIIa stone. The average diamond size was 1.40 carats, Lucapa said. The new source is located in thepreviously untested flood plains at Lul...Read More
RAPAPORT... The International Diamond Manufacturers Association(IDMA) is considering an alliance with the World Federation of DiamondBourses (WFDB) in response to the crisis in the global cutting sector. "With the changes in the diamond-manufacturing sector's landscape,as well as due to the many other challenges the diamond industry is facing, thetime may have come for the diamond trade to unite u...Read More
(IDEX Online) - Israeli law enforcement officials say they want to question Lev Leviev, the business tycoon whose companies are reportedly at the center of a diamond smuggling ring that operated over years. Among six people police detained for questioning under caution on Monday are two of his relatives, and four other people who are or had been involved in his companies in Israel and Russ...Read More
(IDEX Online) - During the third quarter of 2018 prices of fancy color blue and pink diamonds rose by 0.7% and 0.4% respectively in all sizes and saturation levels, according to the Fancy Color Diamond Index published by the Fancy Color Research Foundation (FCRF). At the same time, overall fancy color diamond prices showed no significant change and increased by only 0.1%, the FCRF said. Ye...Read More
(IDEX Online) - International Diamond Manufacturers Association (IDMA) President Ronnie VanderLinden said that during the 38th World Diamond Congress that was held in Mumbai last week the changing landscape of diamond manufacturing was at the heart of the members' discussions. "We need to recognize that we have lost a significant number of factories, especially in the smaller diamond...Read More
Share this articleThe Mount Newman railway line in Western Australia. Source: BHP Billiton Ltd.BHP Billiton Ltd. [BHP-NYSE; BHPLF-OTCPK] has suspended all iron ore rail operations in Western Australia after a train carrying iron ore took off without the driver on board and travelled across the Pilbara outback before it was stopped early Monday.Local media reports said the train literally ran away...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Lowes (LOW $96.82) is expected to open lower after the company announced closure of 20 U.S. and 31 Canadian stores on February 1st. Cost is estimated at $0.28-$0.34 per share. Exxon Mobil (XOM $81.95) is expected to open higher after JP Morgan raised its target price to $97 from $94.Under Arm...Read More
The conventional wisdom is that if you go to school and get good grades, you'll be successful. In reality, the only success doing well in school guarantees is success in school. Many valedictorians have learned the hard way that success in school does not mean success in the real world of business and investing. The real world is a whole new game-an exciting, fast-paced game where different rules...Read More
Calgary, Alberta (November 5, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce the appointment of Ms. Yuying Liang as Chief Financial Officer of the Company effective today.Ms. Liang has vast expertise in financial reporting services for both public and private companies. She has extensive experience in public company...Read More
Most forecasts before tomorrow's midterm elections in the US, which sees Senate and House of Representative seats up for grabs, are forecasting a change in the House and no change in the Senat...Read More
After falling as low as 14,639.70 in late October 2018, Canada's benchmark index rebounded to end the trading week up 1.55% to 15,119.28. The S&P/TSX Global Mining Index rose 5.9% to 65.73 and the S&P/TSX Global Gold Index rose 3.1% to 166.28. The price of gold fell 0.04% to US$1,232.20.Shares of Mason Resources rose 146% to 40 ? on news that Hudbay Minerals would acquire the remaining 86% of its...Read More