The rebounds in Gold and Silver exceeded my expectations and closed May in a strong fashion, near the highs of the month.Gold’s monthly close was the third-highest ever. Silver failed to break resistance at $28.50, but its monthly close at $28 was the second-highest in the last eight years.As noted last week, Gold and gold stocks have perked up in real terms.  Gold relative to Bonds has...Read More

In a previous article I wrote:“Looking at this chart, it should be apparent that gold at $2000 is fully-priced. Unless you are convinced that the US dollar is going to crash soon, then expectations for much higher gold prices at this point  are unwarranted.”  ($10,000 Gold Or A Triple Top?)The article was published in August 2020 and the chart is reprinted below… Gold...Read More

RAPAPORT... US polished-diamond imports soared to $1.59 billion in April, compared with just $28 million a year earlier, as the market rebounded strongly from the 2020 coronavirus slowdown. Shipments into the country for the first four months of 2021 rose 62% year on year, according to data from the US Department of Commerce.US Trade Data for April 2021  Read More

RAPAPORT... A 50.03-carat diamond sold for $2.7 million at a recent Sotheby's digital auction, setting a record for the highest online price paid for a jewel.Sotheby's offered the round, G-color, VVS2-clarity stone without reserve, estimating it at $2.5 million to $5 million. The company saw "fierce" competition for the diamond as soon as bidding opened, with 30 offers coming in from participants...Read More

(IDEX Online ) - The biggest polished diamond ever mined in North America has been bought by Diacore.The Dancing Sun, a 204.36-carat fancy intense yellow VVS2-clarity diamond, was sold at Christie's New York for $4,950,000. Nir Livnat, executive chairman of Diacore, described the purchase as a "pricey feat". The high estimate was $5.5m.The company buys, sells and manufactures  high-...Read More

(IDEX Online) - Almost 500 illegal diamonds have been sold by the government of Lesotho.Its's the first time the landlocked Mountain Kingdom has conducted its own auction, rather than sending rough diamonds to Antwerp.Most of the gems (353) were confiscated by the police from small-scale miners who operate outside the law. The remaining 140 were uncertified stones handed in during a five-mont...Read More

(IDEX Online) - Diana Ross's daughter, a 17-year-old ski champion and the star of The Queen's Gambit are Tiffany & Co's new global house ambassadors.Tracee Ellis Ross, 48, is an American actress, singer, television host, producer and director, and daughter of the Motown icon Diana Ross.  She is best known on screen for Girlfriends and Black-ish.Eileen (Ailing) Gu, 17, is th...Read More

Barrick Gold Corporation GOLD recently announced that the framework agreement between the Papua New Guinea ("PNG") government and operator Barrick Niugini Limited ("BNL") took a major step forward to restart the Porgera gold mine. The deal provides that the Porgera mine will be owned by a new joint venture held 51% by PNG stakeholders and 49% by BNL. Per the terms, BNL will continue as the operato...Read More

The global pandemic is an eye opener, because it threatens income security and livelihoods. Besides health, financial dislocation was the worry of most. Canadians’ anxiety levels rose at the start of the second quarter of Q2 2020 following the drastic 2.2% increase in the unemployment rate to 7.8% in March 2020.The sudden drop in employment was more extensive than any of the significant rece...Read More

Bitcoin has been viewed by some young investors as “millennial gold.” Undoubtedly, the incredible technology (blockchain) powering cryptocurrencies is remarkable and exciting. That said, just because a technology shows promise does not mean investors should rush into an asset, willing to pay whatever price the market commands at any given instance.Beware of Doge!Dogecoin, Bitcoin, Ethe...Read More

The world's pile of discarded electronic devices, colloquially known as e-waste, is growing out of control.According to a 2019 U.N.-backed study, the world has now amassed about 54,000,000 metric tons of old laptops, cellphones, TVs, and other dead electronic devices. That's about 16 pounds of e-waste per person.The authors of the study calculated the combined weight of all trashed electronic devi...Read More

Teck Resources (TSX:TECK.B)(NYSE:TECK) soared off the 2020 lows amid a surge in copper prices. Investors who missed the rally want to know if the recent pullback makes Teck Resources stock undervalued today.Copper marketTeck Resources produces metallurgical coal (steel-making coal), copper, and zinc. The rebound in commodity prices over the past year helped drive the share price up from $9 to a re...Read More

Markets took a breather last week when the Fed indicated a more hawkish stance. As a result, interest rate hikes could rather return sooner than later, which might upset investors’ mood. TSX stocks at large, too, traded weak last week on the fears of expected higher rates.Importantly, this could have significant damage to the year-long rally. According to CNBC, Moody’s economist Mark Z...Read More

Here are five Fastmarkets stories you might have missed on Monday June 21 that are worth another look.Work is under way in Fredrikstad, Norway, to build a plant that will be key to electric vehicle (EV) transportation in Europe. The final touches are being made to Fredrikstad's Hydrovolt factory, a joint venture between aluminium producer Norsk Hydro and battery producer Northvolt that will recycl...Read More

The price of nickel was the best performer among base metals on the London Metal Exchange on Monday June 21 on account of a softer US Dollar Index, with all prices rebounding during afternoon trading after the sharp selling in the week ended June 18.Nickel rose by the most, up by 1.7% to $17,450 per tonne at 5pm compared with its closing price on Friday of $17,154 per tonne, which was a 7.2% drop...Read More

Work is under way in Fredrikstad, Norway, to build a plant that will be key to electric vehicle (EV) transportation in Europe.The final touches are being made to Fredrikstad's Hydrovolt factory, a joint venture between aluminium producer Norsk Hydro and battery producer Northvolt that will recycle 8,000 tonnes of EV batteries per year when ramped up - making it one of Europe's top p...Read More

Jack ChanPosted Jun 21, 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. The 167k bottom and now the 215k top suggest that these are not bull market speculative values. Bull market values should b...Read More

The junior said it opened up the opportunity to pre-registered investors 9:00am UK time and had hit its target "within 20 minutes".Read More

The refined zinc and lead markets were in relative balance over January to April, with both metals notching small surpluses, the International Lead and Zinc Study Group (ILZSG) said on June 21.Supply exceeded demand for refined zinc by 31,000 tonnes in the first four months of 2021, while lead's surplus...Read More

Commodity prices have fallen across the spectrum - with the exception of coal - over the past seven days. The LME copper price stood at US$9,068/tonne on Monday, down 9% week-on-week.Read More