Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Less than a week ago in 'Houston, we have a Problem": 85% of Continue...Read More
Silver in London's underground vaults is running low.Derivative powers that be are on full defense.Continue...Read More
There are only two obvious scenarios in the short-term. The bullish scenario is that we...by David Brady via Sprott MoneyPaper Silver hit a short-term blow-off top at 30.35 last week, its highest level since February 2013. Then it fell 15% in just three days, back to the pivot level of 26. Since that knockdown, Silver has bounced-or more appropriately, crawled-its way back up to 27.87, now key res...Read More
RAPAPORT... Angola's state-owned diamond company, Endiama, has signed a joint-venture agreement with trade and investment group Gemcorp to develop the Mulepe diamond deposit.The site, located in the Lunda Norte region of the country, contains significant kimberlite and alluvial deposits, Gemcorp said last week. The companies plan to set up a pilot mining program for Mulepe during 2021 to enable in...Read More
RAPAPORT... Revenue and earnings rose at Titan Company in the third fiscal quarter as the Indian jewelry retailer saw a recovery in consumer demand during the important Diwali period.Sales climbed 17% year on year to INR 76.59 billion ($1.06 billion) in the three months ending December 31, including at subsidiaries, the company reported last week. Profit increased 12% to INR 5.3 billion ($73...Read More
(IDEX Online) - India exported $1.8bn of polished diamonds in January, up 9.4 per cent year-on-year.The recent surge comes after foreign sales fell overall throughout most of 2020. Provisional export figures for April 2020 to January 2021 were down 23 per cent on the same period a year earlier, according to newly-released figures from the GJEPC (Gem and Jewellery Export Promotion Council).Gol...Read More
(IDEX Online) - An extremely rare 3.05-carat Type IIa Goloconda diamond could fetch $200,000 at auction in New York.The diamond, set in a ring (pictured) being auctioned is a Pear-Shaped D/IF from a respected New York estate, says the Fortuna Auction House.India's Goloconda mines were famed for the Koh-i-Noor and other diamonds of remarkable quality, whiteness and clarity, but ceased producti...Read More
(IDEX Online) - A British jeweler has created a sapphire and ruby engagement ring that looks just like Haribo's gummi candy. It's based on the edible friendship ring, a kids' favorite, although at $35,000 it's about 1.25m times the price.London-based Taylor and Hart launched the ring in time for Valentine's Day. They said the statement piece "harks back to an age of f...Read More
Sir Mick Davis built Xstrata into one of the largest mining companies in the world before it was acquired by Glencore in 2013 and has raised more than US$40 billion from global capital markets over the course of his career.Now the mining executive is turning his attention to the battery minerals sector and in December 2020 launched Blue Vision Resources to invest in companies with projects that ca...Read More
We hate to think what a short squeeze on the global silver supply will look like as hedge funds wake up to the possibility that SLVRead full newsRead More
How Top Gold Mining Stocks Performed in 2020 Gold mining stocks and the GDX saw strong returns in 2020 as gold was one of the most resilient and ...Read full newsRead More
Warren Buffett’s favourite market gauge of how overvalued or undervalued stocks are just hit an all-time high. What is this gauge? Buffett compares how big the stock market is to the size of the U.S. economy. Right now, the total market capitalization of the U.S. stock market is now 195% of U.S. GDP. This means that stocks are now worth roughly two times the total output of the U.S. economy....Read More
Precious metals such as gold are interesting investment options. On the one hand, precious metals have a variety of in-demand uses, such as in the construction of solar panels and in many electronics. Then we have the more emotional side of precious metals. Precious metals provide weary investors with a semblance of safety, particularly during times of volatility. After the volatile year we endure...Read More
Tin's London Metal Exchange three-month price closed 3% higher on Monday February 15 at $24,385 per tonne, while the rest of the base metals prices continued to capitalize on bullish momentum with new year-to-date highs for all metals except for zinc. The tin price extended to $24,895 per tonne around midday, rising by some $1,000 in one hour. The short squeezing has resulted in the highest price...Read More
Feb 15, 2021 Guest(s): Gianni Kovacevic Executive Chairman, CopperBank There are roughly 2 ounces of silver and more than 100 kg of copper in an electric vehicle like Tesla, said Gianni Kovacevic, CEO of CopperBank.Kovacevic said that it is unlikely automobile manufacturers have been trying to suppress the prices of silver and copper."As for electric vehicle manufacturers having some sort of a c...Read More
Spot zinc treatment charges (TCs) remained stable in mid-February in the run up to the Chinese New Year holidays, with smelter side activity muted in Asia. Fastmarkets assessed the zinc spot concentrate TC, cif China at $70-85 per tonne on Friday February 12, unchanged from January 29 when it dropped to a two-and-a-half-year low. A zinc tender from Dugald River attracted sharp terms, coming i...Read More
Even with Chinese market participants on holiday, base metals prices on the London Metal Exchange have for the most part been bullish on Monday February 15, with the exception of zinc. Major western pre-market equity index futures were stronger. The dollar index was on a back foot while United States 10-year treasury yields were firmer, suggesting risk-on. Base metals The three-month zinc pri...Read More
Jack ChanPosted Feb 15, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. Data is supportive for overall higher gold prices.Data is supportive for overall higher silver prices.Our ratio is on BUY s...Read More
Meanwhile iridium is the latest precious metal to soar, with Reuters reporting supply shortages and expectations it would be used to produce hydrogen to power a greener economy lifting its value by 160% in two months.It's risen from US$1,685 an ounce on December 12 to a record $4,390/oz, the wire service said.Impala Platinum (JSE: IMP), which produces about 67,000 ounces of iridium annually, rose...Read More
Spot zinc treatment charges (TCs) remained stable in mid-February in the run up to the Chinese New Year holidays, with smelter side activity muted in Asia. Fastmarkets assessed the zinc spot concentrate TC, cif China at $70-85 per tonne on Friday February 12, unchanged from January 29 when it dropped to a two-and-a-half-year low. A zinc tender from Dugald River attracted sharp terms, coming i...Read More