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
Chris is joined here by C.E.O. Niko Cacos of Argentina Lithium & Energy Corp. (TSXV-LIT; OTC-PNXLF) fresh on the heels of the ...Read More
Chris is joined here by C.E.O. Niko Cacos of Argentina Lithium & Energy Corp. (TSXV-LIT; OTC-PNXLF) fresh on the heels of the ...Read More
This bodes well for the impending updated resource estimate and subsequent prefeasibility study of the explorer's mining project in Idaho, noted a PI Financial report.Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQX) keeps adding and upgrading ounces at its Black Pine oxide gold project in Idaho ahead of the prefeasibility study (PFS) expected next year, reported PI Financial analyst Chris Thompson in an...Read More
(IDEX Online) - Debswana's rough diamond sales fell by more than 21 per cent in the first nine months of this year, according to the Bank of Botswana. Weak global demand saw revenue fall from $3.578bn for the same period in 2022 to $2.811bn. Debswana, a joint venture between De Beers and the Botswana government, produced 24.1m carats last year and is the biggest contributor to the De Beers Gr...Read More
(IDEX Online) - US watch and jewelry sales declined again for an eighth consecutive month during September.But the drop was among the lowest we have seen of late, according to the latest Department of Commerce figures.For the third month in a row, sales have shown slight signs of improvement, up from -4.0 per cent to -2.3 per cent and now -2.0 per cent.Consumer spending is gradually picking up in...Read More
(IDEX Online) - De Beers has averted the threat of strike action by agreeing a five-year pay deal with the National Union of Mineworkers (NUM).A walkout by a third of the workforce - around 1,500 NUM members - would have hit production at the Venetia mine, which accounts for 40 per cent of De Beers' output in South Africa. The NUM was demanding a 9 per cent wage increase, against De Beer...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.Dish Networks dropped $0.19 to $5.30 after reporting a surprising third quarter lossBerkshire Hathaway added $1.74 to $353.55 after reporting higher than consensus third quarter operating earnings. BionNTech gained $1.31 to $97.09 after reporting a surprising third quarter profitBirkenstoc...Read More
If we’re limited to our income, there’s only so much we can spend on consumption and servicing existing debts, and invest/save to build capital/future income.If we have access to the miraculous elixir of credit, we can expand our spending/investing by borrowing more money. This boosts our consumption and perhaps our investing, but it also increases our debt service the interest that...Read More
This company announced more high-grade results from its step-out drilling at its massive project in British Columbia's Golden Triangle, leading one newsletter writer to call the stock's entry point "a gift" to investors.Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX) announced more high-grade results from its step-out drilling in the Wolf Vein of its Kitsault Valley project in British Columbia's...Read More
Chris Temple of The National Investors shares a detailed report on stocks from the life science to the energy sector to tell you which he believes are Buys and which you should sell.I have a lot of catching up to do after getting home last night from New Orleans. This morning, I'll start the goodies with a few quick bite-sized updates:--> Take your nice, quick profits and SELL Sarepta Therapeutics...Read More
Precious metals mining companies like Agnico Eagle Mines and Franco-Nevada face production issues, but well-capitalized miners are still finding attractive assets.The precious metals mining industry has faced several recent challenges but also new opportunities.Companies like Agnico Eagle Mines, Franco-Nevada Corporation, and Osisko Gold Royalties have dealt with mine disruptions but continue to m...Read More
(IDEX Online) - The Botswana government appears poised to go ahead with plans to buy a 24 per cent stake in HB Antwerp and to let it sell 10 per cent (at least 600,000 carats annually) of its rough production.The deal was thrown into doubt in September after Vancouver-based Lucara pulled out of its own 10-year agreement with HB after just a year, alleging "a material breach of financial commitment...Read More
(IDEX Online) - Belgian traceability firm iTraceiT is to incorporate super-accurate digital reports, produced by the Cutwise Group, into its diamond passports. It says that adding Cutwise's DiLog ID to its own blockchain technology provides an extra layer of security. The DiLog ID creates a "a photoreal rendered image of the polished Diamond" to produce unprecedentedly accu...Read More
(IDEX Online) - Gemstone miner Fura Gems has agreed a pioneering deal to provide Bangkok-based China Stone with a guaranteed supply of premium rough rubies from its Montepuez mine, in Mozambique. It will allocate 0.25-ct to 0.75-ct gems for the next three years, allowing China Stone to improve production planning for watch and jewelry manufacturers.Dev Shetty, Fura's CEO, says the deal i...Read More
The energy transition is central to the increase in global demand for metals and mined commodities, but with supply challenges escalating as ESG criteria come under stricter scrutiny by governments and investors, our experts presented the potential solutions in relation to policy changes, recycling and the constraint of materials supply in the race to achieve zero carbon.To download a more detaile...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:35 AM EDT.Index futures were unchanged following release of the September U.S. Trade report. Consensus was a deficit of $60.00 billion versus a deficit of $58.30 billion in August. Actual was a deficit of $61.5 billion.Trip Advisor gained $1.92 to $18.03 after reporting higher than consensus third quarte...Read More
The dollar has been extremely strong over the past two years. This persistent dollar strength has been a mystery to many. After all, the dollar's problems are well known.The ratio of government debt to GDP for the United States is at a record high approaching 130% (a prudent level is considered 30%, and anything over 90% is a headwind to any economic growth at all).The U.S. is running multitrillio...Read More
The same old story that's hoodwinked investors since the dawn of time... You've heard of a sucker rally...But what about a sucker breakdown?We might have just witnessed one asinvestors jettisoned their stocks last week just before a huge snapback move that began with frantic short-covering rallies and could end with an epic melt-up into the holidays.Here's how it all started...It was looking ble...Read More