Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More
Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More
Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More
For the last 2 days our internet has been down which really makes you appreciate this miracle invention. We’ve had intermittent problems through the years that no one has been able to figure out until today. The phone company finally came to the conclusion that there was a tiny defect in their phone line that would only show up from time to time which made the problem so hard to track down....Read More
Peter Krauth explains why he believes gold stocks are "churning out some serious profits that are likely to just keep getting better."It's not too late for you to buy gold and gold stocks on the cheap.If you haven't already, you may want to seriously consider it.That move might set you up for a run over the next few years that could turn into your single best investment…ever. You...Read More
It didn’t take long for the mining stocksto turn south once again. No wonder, given that their breakdown was more thanverified.Additionally, they also got bearish supportfrom gold, the stock market, and the USD Index, which also confirmed theirdecisive move. For more details, let’s take a closer look at the chart below. We've witnessed the USD's breakout andbreakdowns in the precious m...Read More
‘A complete paradigm shift will make gold the generational trade’ As we turn the calendar to October, often a daunting month for financial markets, the same toxic mix that has bedeviled the global economy for most of 2020 remains in full force – the pandemic, the crippled economy, the money printing, and the disheveled politics. For its part, gold held up under the pressure of a...Read More
Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More
Here are five Fastmarkets stories you might have missed on Friday October 9 that are worth another look.Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city...Read More
RAPAPORT... Ralph Vantyghem, the president of Canada's Vantyghem Diamonds, died on October 3 after a three-year battle with kidney cancer, according to a statement by his family. He was 72.Vantyghem and his wife, Arlette, grew up in Belgium, and later moved to Canada. In 1973, they founded Vantyghem Diamonds, an importer and wholesaler of loose stones, which expanded nationwide."He placed muc...Read More
RAPAPORT... Dominion Diamond Mines' sale of Ekati is off the table after the buyer failed to agree on an arrangement with insurers to cover future costs of the site.Affiliates of the Washington Companies, Dominion's owner, were due to acquire the Canada-located diamond mine for $126 million. However, talks between the purchaser and three issuers of surety bonds - Aviva Insurance Company of Ca...Read More
RAPAPORT... Alrosa's sales rose for a second consecutive month in September as manufacturers returned to buying following a lengthy period of inactivity.Revenue from diamonds grew 30% year on year to $336 million, with rough sales up 28% to $328.2 million, the Russian miner reported Friday. Polished sales increased to $7.8 million from $2.2 million, reflecting the company's acquisition of dia...Read More
RAPAPORT... Shares in Pandora jumped 17% Friday after a surge in online sales and the reopening of most of its stores led the company to lift its guidance for the full year.The Danish jeweler now expects revenue for the year to decline between 14% and 17%, compared to a drop of 14% to 20%, it said last week. Approximately 90% of Pandora's stores were open during the third quarter, with another 5%...Read More
(IDEX Online) - Pandora has updated its financial guidance after re-opening more stores than expected, and reporting surprisingly brisk trade despite the pandemic.The Denmark-based jewelry chain also said online sales had rocketed by 89 per cent.It is now predicting slightly more encouraging organic growth for 2020 - down between 14 and 17 per cent, compared with previous guidance of between 14 an...Read More
(IDEX Online) - The world's first hackathon for the gem and jewelry world is to take place later this month.It's a two-day team event aimed at finding new and disruptive solutions to unique and complex issues in the industry.GemHack 2020 takes place over the weekend of 24 and 25 October, with participants competing remotely for cash prizes.Hackathons bring together computer programmers a...Read More
(IDEX Online) - Alrosa's rough and polished sales bounced back to pre-Covid levels in September, as demand recovered.The Russian miner reported totals sales of $336m, up almost a quarter (23 per cent) on the same month last year ($258.7m). It again offered discounts and other incentives to buyers.Sales for September 2020 were the highest since February, ($346m) before widespread lockdowns and...Read More
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It’s been an unusual start to the week — but then, what’s usual about this year? Still, to see cannabis stocks and gold stocks going up at the same time gives some insight into the nature of this market. Let’s take at look at this very unusual Canadian Thanksgiving market snapshot and see what it might be able to tell us about the rest of the year ahead.Which stocks are goi...Read More
Oct 12, 2020 Guest(s): Chantelle Schieven Research Head, Murenbeeld & Co. The silver market has seen some spectacular volatility this year as market expectations shift back and forth between deflation and inflation risks. One market analyst said that silver investors need to be patient as the market could see some significant buying momentum next year. In an interview with Kitco News, Chantelle...Read More
Whenever Warren Buffett speaks, it pays ample dividends to listen up. And whenever the man buys a stock, investors should take the move as a macro hint as to where the biggest opportunities may lie at any given instance. The man we know as the Oracle of Omaha may be 90 years of age. However, he’s still as patient as ever and is willing to hang onto an undervalued investment until Mr. Market...Read More