Michael says cross your fingers because now is the time we see if there is truly a paradigm shift in the precious metals. Here are the details...by Michael Ballanger via Streetwise ReportsWhen asked about the dominant theme for the markets last January, I said that the one thing I looked forward to was a return of "VOLATILITY" as the Federal Reserve Board moved to "normalize" the interest rate str...Read More
Peter KrauthOver the last month, gold prices have surged, tacking on over 3% in just the last two weeks.And it looks like silver prices are next.You see, I believe we're entering a sweet spot for the price of silver over the next few months.Market turmoil and a weaker U.S. dollar are setting the stage for a significant rally in the precious metal – one that will shrink the gold-to-silver rat...Read More
NEW DELHI, Oct 15 (Reuters) - India's September trade deficit hit its lowest level in five months at $13.98 billion, the country's trade ministry said in a statement on Monday.The figure is despite a rising oil import bill for India, the world's third-biggest crude importer, amid concerns that U.S. sanctions against Iran next month would remove a substantial volume of crude oil from the world mark...Read More
* Tensions mount over disappearance of Saudi journalist* IEA cuts forecasts for oil consumption and demand for OPEC crude* Gasoline crack spread at weakest since February 2017 (Updates with settlement prices, adds commentary)By Stephanie KellyNEW YORK, Oct 15 (Reuters) - Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked wo...Read More
* Tensions mount over disappearance of Saudi journalist* IEA cuts forecasts for oil consumption and demand for OPEC crude* SocGen raises Brent forecast for fourth quarter (Updates throughout, changes dateline from BEIJING)By Christopher JohnsonLONDON, Oct 15 (Reuters) - Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply wo...Read More
Oct 15 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of October 12, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Ambey Mining Pvt LtdST Bk FacCARE A12750Reaffirmed (enhanced from 200.0 Crore) B.G. Shirke Construction Technology PvCP-Proposed...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metals September quarter Pilbara iron ore production (on a 100% basis) was down by 3% quarter-on-quarter and y...Read More
Kin reshaping path towards developmentSPONSOREDkin mining nl The first of 22 planned drill holes returned strong mineralisation, including 107.9m grading 10.25% zinc equivalent (Zn-eq). The intercept was about 30m longer than what previous intercepts had indicated, the comapny said.Significant intercepts included 10.7m in the gossan cap at 1.73 grams per tonne (g/t) gold and 143.08g/t silver for...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metals The budding Toronto-based project developer had missed its recent lease-to-option payments, rendering t...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesBHP said it had entered into a share subscription agreement with Brisbane-based SolGold to buy an additional 100 million shares.The company will pay 45 pence per share, a 32% premium to...Read More
Polymetal building with good momentumSPONSOREDpolymetal internationalThe new management team has brought what they term an "Australian perspective" to the project in a country renowned for its deep underground mines, and a new scoping study on the Theta Hill deposit has provided proof of concept - that the historically-mined region has oxide, near-surface potential.The company now has a full feasi...Read More
RAPAPORT... Bonhams has appointed Brett O'Connor as senior internationaljewelry director and senior vice president of its US operations, the auction house saidTuesday. O'Connor makes the move after 16 years at Sotheby's Geneva,where he was one of the lead auctioneers for the company's major jewelry salesin Geneva, Hong Kong, London and New York. He was also responsible for globalsourcing of j...Read More
RAPAPORT... Recovery of lower-grade ore at Rio Tinto's Argyle and Diavikmines led to a 17% drop in production in the third quarter.Output came to 4.9 million carats for the three monthsending September 30, the company said Tuesday. The Argyle asset in Australiayielded 3.8 million carats, plummeting 19% over the same period last year. Lastyear, Rio Tinto's production was enhanced by the proces...Read More
(IDEX Online) - The 2018 CIBJO Congress opened yesterday (Monday) in the Colombian capital of Bogot??, with a strong focus on responsible sourcing in the jewelry industry. This included the introduction of a Responsible Sourcing Guidance document, which will serve as a reference for responsible sourcing practices developed and applied by industry organizations and commercial bodies worldwi...Read More
(IDEX Online) - De Beers sold rough diamonds with a provisional value of $475 million in the eighth sales cycle (Global Sightholder Sales and Auction Sales) of 2018. The sales figure is the lowest sales figure reported by the miner so far this year which have all been above the $500 million mark. The miner reported confirmed sales of $503 million in the seventh cycle, compared with a...Read More
(IDEX Online) - Rio Tinto reported that production was 19% lower on the year in the third quarter at its Argyle mine in Australia. &nbs...Read More
(IDEX Online) - Christie's Private Sales will present A Diamond Affair from October 29-31, showcasing an array of exceptional diamond jewels and unmounted gems. The items range from a 100-carat diamond tiara to a rare blue diamond, the auctioneer said. The jewels will be displayed alongside original artwork by John McLusky, a leading graphic artist who serialized Ian Fleming's James...Read More
Diamond miner De Beers Group on Tuesday announced that it had sold $475-million worth of rough diamonds during the eighth sales cycle of this year.This is lower than the $503-million worth of diamonds sold in the seventh cycle of the year, but higher than the $376-million worth of diamonds sold in the eighth cycle of 2017.AdvertisementThe sales are based on global sightholder sales and auction sa...Read More
The prices of base metals on the London Metal Exchange were mostly lower day-on-day at the close of trading on Monday October 15, with a softer US dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious.The three-month lead price rose by 1.6% over the afternoon to reach an intraday high of $2,116 per tonne, its highest level since September 4.Whil...Read More
The biggest question facing miners when planning for trade cycles is how flows will be redirected or constrained as a result of discussions between China and the United States, according to the president of marketing and supply at BHP. Arnoud Balhuizen said that BHP's commodities have been flowing as they always have, and the impact on prices has been relatively muted on a historical basis. How th...Read More