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
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Share this articleTORONTO - Largo Inc. [LGO-TSX] said operational actions taken in the second quarter of 2023 have resulted in improved vanadium production rates at the company's Maracas Menchen Mine in Bahia State, Brazil.The company also said it achieved a key milestone in the second quarter by completing construction of its ilmenite concentration plant, followed by the start of commissioning....Read More
Well, the numbers are in, and they're pretty damn impressive.In June 2023, electric car sales in Norway exceeded 90% of total new car sales.According to data from the Norwegian Road Federation, 14,155 new electric cars were registered in June, coming in at about 90.9% of total new car sales.Tesla continues to be the bestselling car in the country not the bestselling electric car but the bestsell...Read More
With copper prices seemingly secure above US$3.75/lb, Interra Copper Corp. has completed Phase 1 of its new drilling program in Chile. If you're unfamiliar with Interra Copper Corp. (IMCX:CSE; IMIMF:OTCQB; 3MX:FRA), it's a junior exploration and development company based in British Columbia, Canada, with an established reputation for acquiring, exploring, and evaluating mineral properties in that...Read More
Barry Dawes of Martin Place Securities takes a look at the gold and silver market, U.S. bonds, the stock market, and much more.Wave 3 is unfolding nicely here after yet another long period of consolidation.So much money has been pushed into the global monetary system that all the central banks can have no real impact anymore.Just jawboning is left. Great for gold and all resources commodities. Ene...Read More
The unidentified Chinese battery manufacturer cut back its stake in Moti Group's project from 20 to 10%, reports Bloomberg, potentially setting back the lithium processing plant.Read More
Reunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpCollective Mining eyes repeat success in ColombiaSPONSOREDcollective mining Catalyst to lock up Plutonic goldbeltSPONSOREDcatalyst metals ltdNavigating the ESG Compliance LandscapeSPONSOREDThe company's April-June adjusted EBITDA came in at $137 million, which is down from $913 million a year earlier, and from $240 m...Read More
Sales totalled 1.029Blb of copper, 3% lower than the mining company expected and 5% below the same quarter in 2022.Read More
The company produced 29,403oz gold out of its two gold mines in Tanzania, with Singida contributing 10,065oz, following its first gold pour in March 2023.Read More
Navigating the ESG Compliance LandscapeSPONSOREDCatalyst to lock up Plutonic goldbeltSPONSOREDcatalyst metals ltdCollective Mining eyes repeat success in ColombiaSPONSOREDcollective mining Reunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpA new working paper from the US-based National Bureau of Economic Research (Gold's Value as an Investment, Working Paper 31386) a...Read More
(IDEX Online) - Rio Tinto yesterday reported another drop in quarterly diamond production at its Diavik mine, in Canada, down 16 per cent on Q2 2022 to 970,000 carats.It said output was lower because of "the completion of an underground pipe and area of the open pit during the period."In February, Rio Tinto, the world's second-largest metals and mining corporation, announced plans to invest $...Read More
(IDEX Online) - The vast new Surat Diamond Bourse (SDB) - stretching across nine 15-story towers - has become the biggest office building in the world.It has over 7.1m square feet of floor space, compared with just over 6.6m at the Pentagon, HQ of the US Defense Department.The bourse, built at a cost of $388m, is due to be officially opened by India's Prime Minister, Narendra Modi, in De...Read More
(IDEX Online) - De Beers today reported a five per cent drop in its Q2 production, but said its full-year forecast remained unchanged at 30m to 33m carats, subject to trading conditions.Output was down largely because of the planned transition of the Venetia mine in South Africa from open-pit to underground.South Africa's production was down 62 per cent compared with Q2 2022. Botswana, by far...Read More
Copper production guidance for 2023 remains at between 840,000-930,000t, with Chile contributing between 530-580,000t.Read More
Production of 285 million tonnes from its Western Australian Iron Ore (WAIO) division was a new record, while in copper, records were set at Olympic Dam in South Australia (212,000t) and Spence inRead More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:35 AM EDT.Index futures were unchanged following release of the July Philly Fed Manufacturing Index at 8:30 AM EDT. Consensus was an improvement to -9.7 from -13.7 in June. Actual was -13.5.Netflix dropped $39.44 to $438.15 after reporting less than consensus second quarter revenues. The company also of...Read More
"The world is not driven by greed. It's driven by envy."Here you have the sage conclusion of Mr. Charles Munger, aged 99 and one-half years.Mr. Munger is of course the business partner of Warren Buffett and legendary vice chairman of Berkshire Hathaway.This ancient draws his conclusion from many, many decades of penetrating and microscopic observation.Penetrating and microscopic observation, that...Read More
With all the geopolitical messes around the world, there's no better time to start planning for a second passport than now.Whether it's for moving to a new country, giving your children other options, or just plain old financial planning, having a second passport opens up doors you may never have thought of.It's a big move for most people. But once you start the process, you'll wonder why you didn...Read More
Spread the lovePRIVATE BLOG - The Gold & the Future?Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More