Benedetta Arese Lucini, one of the co-founders of Oval Money, gives Proactive Investors some of the background as to how the financial platform came about.Up and running for just over a year now, she says they're just weeks away from launching an investment product.''The difference with us is the entry level - you can start investing with just a few pounds''.''The amount of time you can keep it in...Read More
SHANGHAI, Apr 9 (SMM) – This is a roundup of global macroeconomic news last week and what is expected today.Last weekThe US dollar closed at 90.12 on Friday April 6, up 0.25% over the week. LME metals fell across the board on Friday except for aluminium, which was up over 3% inventory dropped for the first time in over nine months. Copper edged down close to 1%. Zinc and tin fell over 1...Read More
LONDON – The historically important Farnese Blue diamond, which was passed down through European royal families for some 300 years, is to go on sale for the first time next month, auctioneers Sotheby's said.Expected to fetch between $3.7-million and 5.3-million, the 6.1 ct, dark grey-blue stone from the Golconda diamond mines of India was first given to Elisabeth Farnese, daughter of the...Read More
It said the funds from a new cornerstone investor and existing shareholders would enable it to immediately launch an extensive follow-up exploration and drilling programme at the 80%-owned Brooking diamond project in Australia's West Kimberley region.Read More
The disappointing thing was that gold and silver were not able to rise after the release of disappointing US March nonfarm numbers. The perception of traders it seems that cyclical factors such as early Easters has resulted in the fall in March jobs numbers and that the US economy will continue to hire over 200,000 jobs from April onwards. The threshold point for US nonfarm payrolls is 160,000....Read More
LONDON (Reuters) - The dollar rose against its rivals on Monday, extending a two-week run, as investors unwound some short dollar bets on worries an escalating trade conflict between the United States and China may trigger buying of dollar assets.Most of its gains were chalked up against the Asian currencies with the Chinese yuan holding near the day’s lows against the greenback after a medi...Read More
Market historians have pored over stock charts from the late 1920s, attempting to show that share prices danced closely in step with the political ups and downs of the Smoot Hawley bill as it moved through Congress. The law, which raised tariffs on more than 20,000 imported items, was enacted in June 1930 close enough to the October 1929 Crash to suggest a causal connection. However, because...Read More
Investing.com - Gold prices were lower on Monday as gains in U.S. stock futures and a firmer dollar dampened demand for bullion, despite simmering trade tensions between the U.S. and China.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $3.20 or 0.24% to $1,333.00 a troy ounce by 04:15 AM ET (08:15 AM GMT).U.S. stock futures pointed to a higher open on...Read More
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last year after rustling up all of $24 million.A further 13 funds...Read More
SHANGHAI, Apr 9 (SMM) – Spot copper in the Shanghai market was offered at a premium of 70-110 yuan/mt on the morning of Monday April 9, SMM learned. This compared with premiums of 50-80 yuan/mt on the morning of Wednesday April 4. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm...Read More
Erris Resources plc (LON:ERIS) CEO Merlin Marr-Johnson tells Proactive Investors they've been granted two gold exploration permits on the Nordgruvan Project, in V??rmlands, Sweden.Marr-Johnson says both new licences have seen historical gold occurrence with reported grades of up to 68 grammes per tonne of gold. Meet Carnarvon Petroleum Ltd, Southern Gold, Paradigm Biopharmaceuticals Ltd, Pet...Read More
The Tanzania gold miner has just finished a 1,600m drilling programme at the planned main pit area at Singida, which will be used in an updated mineral resource for the project and to attract an equity partner.Read More
(Reuters) - Wall Street was on track to open higher on Monday, recovering from last week’s trade tariff driven selloff, after officials of the Trump administration stressed the dispute with China could be resolved through talks.The week also marks the start of earning season with big U.S. banks such as JPMorgan Chase (JPM.N), Citigroup (C.N) and Wells Fargo (WFC.N) set to report first-quarte...Read More
- Gold outperforming stocks in 2018 and this century (see chart)- Gold up close to 2% in 2018 while S&P 500 is down 2%- Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish- Given gold's performance, Kudlow's dismissal of gold as "end of the world insurance" is "irrational"- Market volatility could drive gold to $1,500/oz in 2018 - HolmesEditor: Mark O'ByrneAuthored by Fr...Read More
RAPAPORT... Eli Avidar will step down as managing director of the IsraelDiamond Exchange (IDE) to pursue a career in politics. The IDE chief chose not to continue in his position as head ofthe bourse, which he has held since January 2016, and will leave shortly, hetold Rapaport News Sunday. He will also resign as managing director ofthe Israel Diamond Institute (IDI). The former diplomat plans to...Read More
(Kitco News) - Stocks were higher Monday as White House Economic Advisor, Larry Kudlow continued to soften the White House’s tone regarding trade relations, noting the intention is not to enter a trade war.When pressed on the free trade topic, tech billionaire Mark Cuban said the tariff talks are just another example of taming Trump. “I’ll tell you what this reminds me of: there...Read More
Anthony Viljoen, CEO of AfriTin Mining Ltd (LON:ATM), tells Proactive's Andrew Scott they've signed a non-binding Memorandum of Understanding (MOU) with mineral and petroleum trading firm MRI Trading AG (MRI) for an artisanal buying operation for tin concentrate in Namibia.Together with MRI they're intending to explore the possibility of sourcing cassiterite concentrate from local artisan miners a...Read More
Just back from Peru and speaking ahead of the 17th World Copper Conference and CESCO Week, the global copper industry´s annual gathering in Santiago, the South African said that management planned to get approval from the directors for the US$5.5 billion investment at a meeting scheduled for the middle of this year.Read More
The disappointing thing was that gold and silver were not able to rise after the release of disappointing US March nonfarm numbers. The perception of traders it seems that cyclical factors such as early Easters has resulted in the fall in March jobs numbers and that the US economy will continue to hire over 200,000 jobs from April onwards. The threshold point for US nonfarm payrolls is 160,000....Read More
SHANGHAI, Apr 9 (SMM) –Copper: LME copper rebounded to a high of $6,870/mt last Friday due to a weaker US dollar. In the short term, the upward trend for copper prices will face resistance as a China-US trade war continues to brew. We see LME copper trading at $6,740-6,800/mt with the SHFE 1805 contract at 50,000-50,600 yuan/mt today. On the spot market, we see premiums slightly lower at 10-...Read More