A summary of Anglo American's production results for iron ore in the fourth quarter and full-year 2019, as well as production guidance for 2020, following the company's report released on Thursday January 23. The South African Kumba unit increased production on both comparisons due to the Sishen mine improving operational performance and the Kolomela mine - both mines are part of the Kumba un...Read More
"I never buy at the bottom and I always sell too soon." Baron Nathan Rothchild, his success formula. London financier; 1777-1836 "Doubt is the father of invention." Galileo Galilei, Italian astronomer, physicist, engineer; 1564-1642 "Financial markets will find and exploit hidden flaws, particularly untested new innovations and do so at a time that will inflict the most damage to the most peop...Read More
- Hubert MoolmanGold stocks are often cited as recession proof stocks. Although this has not always been true, they do tend to rise when the economy is in a recessions and/or when the general stock market is in decline or showing relatively little gains.Below, is a long-term chart of the Dow:click charts to enlargeI have indicated significant gold stocks rallies with blue rectangles. As you ca...Read More
Hedonic FantasiesMeaningless AveragesDesperate IdeasInflation May Not Be the Most Important StatisticPhiladelphia, Dallas, and New YorkThe human brain excels at taking shortcuts. Processing all the information our senses collect takes a lot of energy, so repetitive data gets lower priority. Things we see often fade into the background so we can notice new stuff.This is where we get phenomena lik...Read More
Here are five Fastmarkets MB stories you might have missed on Friday January 24 that are worth another look.Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.Copper scrap buyers in the United States are concerned that an increase in US exports to China could pressure di...Read More
Here are five Fastmarkets MB stories you might have missed on Friday January 24 that are worth another look.Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.Copper scrap buyers in the United States are concerned that an increase in US exports to China could pressure di...Read More
RAPAPORT... Sales of rough diamonds at Mountain Province fell 13% in 2019 as a glut in the midstream led to a challenging market.The company's sales from its Gahcho Ku?(C) mine in Canada slipped year on year to $208.2 million in 2019, it said last week. Although sales volume inched up 1% to 3.3 million carats, value decreased amid a 15% drop in the average selling price to $63 per carat.Total...Read More
RAPAPORT... De Beers' sales fell 8% by volume last year amid a slowdown in the rough-diamond market and weak demand from the manufacturing sector.The miner sold 30.9 million carats of rough, compared with 33.7 million carats in 2018, as clients bought fewer stones due to an oversupply in the midstream and global economic uncertainty, it reported last week.De Beers' average sales price dropped...Read More
RAPAPORT... Rough-diamond sales at Alrosa fell 26% in 2019 as an oversupply in the midstream led to weaker demand.Revenue for the year dropped to $3.27 billion, while the average selling price slid 16% to $98 per carat, the Russian miner said last week. Sales volume slipped 12% to 33.4 million carats, with manufacturers purchasing fewer diamonds in an effort to offload excess inventory.Produc...Read More
(IDEX Online) - Jewelers for Children has announced a partnership with Virtual Diamond Boutique, a global technology company serving the jewelry industry, to create a new app that means anyone can now take part in its silent auctions. The industry charity hosts auctions throughout the year as a key fundraising mechanism. However, until now only participants who attended a particular event cou...Read More
(IDEX Online) - Craig Danforth, VP of client solutions for Jewelers Mutual Group, has joined the advisory board of Gem Legacy, a 501c3 nonprofit organization dedicated to colored gemstone mining communities.Danforth was previously direct of global business development at the Gemological Institute of America (GIA). He is a member of the Jewelers 24 Karat Club of Southern California and the 24 Karat...Read More
(IDEX Online) - Mountain Province Diamonds has reported that its Q4 and full-year production results for 2019 exceeded expectations. The volume of carats recovered during the year surpassed the company's revised guidance of 6.7-6.8 million carats, because of strong operational performance in the fourth quarter.During the quarter, 1.98 million carats were recovered, which was 28 percent higher...Read More
Owning gold is a way to get out of this "debt trap", but governments don't want you to own gold, especially in Germany...Read full newsRead More
Demand for safe-haven investments such as gold may have gone down, but potential headwinds could help the yellow metal gain traction again.Read full newsRead More
Jan 23, 2020 (GoldStocks.com via COMTEX) -- The general sentiment for gold stocks was more of a "watch and wait" as opposed to an all-out scramble during the...Read full newsRead More
"Anyone #investing in this #market should consider both the possibility of a correction and the potential size of that correction. https://t.co/KvS9xnjUGe#markets #stockmarket #finance #economy"Read full newsRead More
"Collecting #rent can be a fantastic source of #passiveincome.However, perceived lower risk assets including Treasuries and Property #REITs created a bubble in 2019.Passive income expert Rida Morwa shares his plan of action.https://t.co/krVHzWcAEC#realestate #dividends"Read full newsRead More
"$TRMT - Tremont Mortgage: An mREIT Trading 40% Below NAV That Is About To Have A 14.5% Dividend Yield. https://t.co/m68XjXiiLJ #economy #stocks #business"Read full newsRead More
"#gold & the 21st Century Bull Market (Gold/Dollar Ratio) remain in Long Term Uptrend. BEARS last chance to contain gold lies in the next $100 or so bucks & are currently very short.1588-1630 is yearly resistance.China markets closed this week & NY & London open. Showdown ?"Read full newsRead More
"$CCW HALTED!!!!Huge news awaits...#Canadacobaltworks #Silver #Cobalt #Gowganda #Silvermine #Cobaltmine #tsxv #SmallCaps #StocksToWatch #FutureMetal #MomentumStocks"Read full newsRead More