Recent News

Diamond market warming to lab-made gems

October 05, 2018 / www.mining.com

Spence Diamonds doesn't believe that mined stones are a "superior choice" for all consumers. Their approach is to provide customers with the best possible educational and shopping experience, including all options that may be appropriate for them. (Image courtesy of Spence Diamonds.)Lab-grown diamonds, made for decades as an inexpensive alternative to mined stones for industrial purposes, are crac...Read More

Diamond market warming to lab-made gems

October 05, 2018 / www.mining.com

Spence Diamonds doesn't believe that mined stones are a "superior choice" for all consumers. Their approach is to provide customers with the best possible educational and shopping experience, including all options that may be appropriate for them. (Image courtesy of Spence Diamonds.)Lab-grown diamonds, made for decades as an inexpensive alternative to mined stones for industrial purposes, are crac...Read More

Wall St., Main St. See Higher Gold Prices

October 05, 2018 / www.kitco.com

(Kitco News)- WallStreet and Main Street alike look for gold prices to rise over the next week,according to the weekly Kitco News gold survey.Sixteenmarket professionals took part in the Wall Street survey. Nine respondents, or56%, predicted higher prices by next Friday. There were two votes, or 13%,calling for lower prices, while five respondents, or 31%, were neutral orlooked for a sideways mark...Read More

Wall St., Main St. See Higher Gold Prices

October 05, 2018 / www.kitco.com

(Kitco News) - Wall Street and Main Street alike look for gold prices to rise over the next week, according to the weekly Kitco News gold survey.Sixteen market professionals took part in the Wall Street survey. Nine respondents, or 56%, predicted higher prices by next Friday. There were two votes, or 13%, calling for lower prices, while five respondents, or 31%, were neutral or looked for a sidewa...Read More

PRECIOUS-Gold rises as dollar softens after weaker U.S. jobs data

October 05, 2018 / www.kitco.com

* U.S. job growth slowed sharply in September* Gold on track to mark biggest weekly gain in six * Treasury yields hover at 7-yr highs (Updates prices)By Sethuraman N RBENGALURU, Oct 5 (Reuters) - Gold rose slightly on Friday asthe dollar softened after data showed U.S. job growth slowed inSeptember, easing concerns about a large run-up in inflation.Spot gold was up 0.3 percent at $1,202.20 an ounc...Read More

On-and-off wind and solar power pushing coal plants to the brink

October 05, 2018 / www.mining.com

(Bloomberg) - The Gentleman coal plant was once the linchpin of Nebraska's electricity grid, its twin smokestacks visible for miles across the prairie. Now, the state's biggest power source is routinely pushed aside to make room for more wind and solar energy.Operators ramp it down and then bring it back up again, often on a daily basis. That's not how coal-fired power plants are supposed to be u...Read More

GoPro Touts Record Sales Debut for New Camera

October 05, 2018 / www.schaeffersresearch.com

The HERO7 Black saw the best week-one sales in company historyThe shares of GoPro Inc (NASDAQ:GPRO) were higher out of the gate this morning, after the company touted a strong week of sales for its HERO7 Black. In fact, the new camera "achieved the highest week-one retail unit sell-thru" in the company's history, and GoPro also said social media engagement surged 80% from last year's launch. After...Read More

Fed's Williams says 'ways to go' before reaching neutral

October 05, 2018 / www.kitco.com

(Reuters) - The U.S. central bank still has “a ways to go” before higher interest rates will start to slow the U.S. economy, Federal Reserve Bank of New York President John Williams said on Friday.“We have a ways to go to get to some idea of what people think of as neutral,” he said in an interview on Bloomberg Television, referring to the theoretical “neutral”...Read More

Vitol, Trafigura to bid for coal mines once owned by Guptas

October 05, 2018 / www.mining.com

(Bloomberg) - Commodities traders Vitol Group and Trafigura Group Ltd. have entered the bidding process for South Africa's Optimum Coal, a miner under bankruptcy protection that was once controlled by the Gupta family.The interest from two of the biggest commodities trading houses underscores the strategic value of Optimum's annual entitlement to ship 8 million tons of coal through Africa's large...Read More

Abandoned by Unilever, Dutch prime minister forced to reconsider tax plan

October 05, 2018 / www.kitco.com

AMSTERDAM (Reuters) - Dutch Prime Minister Mark Rutte said his government would reconsider plans to scrap its dividend tax in a major political climbdown only hours after Unilever (ULVR.L) dropped plans to move its headquarters to the Netherlands.Rutte, who had argued that getting rid of the 15 percent withholding tax on dividends was vital for the country’s business climate, said his govern...Read More

Kavanaugh says he might have been 'too emotional' in testimony: WSJ

October 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - U.S. Supreme Court nominee Brett Kavanaugh said in Wall Street Journal op-ed on Thursday that he “might have been too emotional at times” in his Senate testimony last week in which he denied accusations of sexual misconduct.Kavanaugh wrote in the opinion piece that his testimony “reflected my overwhelming frustration at being wrongly accused.” Kavanau...Read More

Trump likely to win whether or not Kavanaugh is confirmed

October 05, 2018 / www.kitco.com

WASHINGTON (Reuters) - The ugly partisan brawl over U.S. Supreme Court nominee Brett Kavanaugh’s confirmation remains undecided, but President Donald Trump appears likely to come out on top regardless of the outcome.If Kavanaugh is confirmed by the Senate in a vote planned on Saturday, Trump will have succeeded in placing his second justice on the top U.S. court and fulfilled his pledge to s...Read More

Lynas shares jump on Malaysia review comments

October 05, 2018 / www.mining.com

MELBOURNE, Oct 5 (Reuters) - Shares in Australian rare earths miner Lynas Corp jumped 12 percent on Friday after Malaysia's prime minister downplayed the roles of two Lynas critics in an environmental review of its processing plant in the country.* Concerns that Malaysia's newly elected government could close down Lynas' six-year-old plant, the only processor outside of China of the rare earths us...Read More

ECJ to hear case on whether UK alone can reverse Brexit on Nov. 27: source

October 05, 2018 / www.kitco.com

EDINBURGH (Reuters) - The European Court of Justice has set a Nov. 27 date for a hearing to decide whether Britain’s parliament can unilaterally change its mind on Brexit, a legal source told Reuters.“We have our hearing on November 27 at 9am” the source said, speaking on condition of anonymity. “This shows the ECJ is moving at breakneck speed on this case.” No one at...Read More

Why eSports Could See Serious Growth in 2019

October 05, 2018 / www.schaeffersresearch.com

This "Millennial" tech stock isn't playing games.The eSports market is growing, and its audience is rapidly approaching the magnitude of the world's most highly viewed media events.The eSports industry may hit a serious growth spurt this year, according to new data from Newzoo. In its annual report, the marketing researcher is predicting 2018 revenues to hit $905 million, which is a staggering 38%...Read More

Mali expects 2018 industrial gold output to rise 21 pct

October 05, 2018 / www.mining.com

BAMAKO, Oct 5 (Reuters) - Industrial gold production in Mali, Africa's third biggest producer, is still expected to rise almost 21 percent to 60 tonnes this year, a government official told Reuters on Friday, despite slightly lower than expected output so far.Aboubacar Ogognagaly, head of the mines division, said a previous production forecast of 59.3 tonnes of gold for 2018 had been marginally in...Read More

Panama loses WTO claim to trade sanctions on Colombia

October 05, 2018 / www.kitco.com

GENEVA (Reuters) - A World Trade Organization (WTO) panel on Friday rejected Panama’s claim for $210 million annual sanctions on Colombia for non-compliance with a previous ruling against tariffs on clothing, textile and footwear imposed by Bogota to target alleged “money laundering”.Panama won a judgment at the WTO in 2016 after complaining about Colombian tariffs on textiles, c...Read More

Tariff deal with U.S. not yet even in 'pre-work' stage: EU trade chief

October 05, 2018 / www.kitco.com

BRUSSELS (Reuters) - The European Union has yet to begin even “pre-work” towards a transatlantic trade agreement on industrial goods aimed at averting a tariff war with U.S. President Donald Trump, Trade Commissioner Cecilia Malmstrom said on Friday.Addressing a meeting of EU trade ministers, Malmstrom said there was progress in ongoing efforts to improve trade ties with the United Sta...Read More

Gold's bottom could be investors' lost treasure

October 05, 2018 / www.mining.com

Get ready, gold bulls: The precious metal could be close to finding a bottom.The price of gold fell back below $1,200 an ounce again this week as the U.S. dollar advanced following another federal funds rate hike. It's now set to log its sixth straight month of declines, its longest losing streak since 1989.That gold's not trading below $1,150 is, I believe, remarkable. There's a lot motivating th...Read More

A disciple of Brazil's dictatorship moves closer to the presidency

October 05, 2018 / www.kitco.com

SAO PAULO (Reuters) - In 1993, Congressman Jair Bolsonaro strode to a podium in Brazil’s lower house and delivered a speech that shook its young democracy: He declared his love for the country’s not-so-distant military regime and demanded the legislature be disbanded.“Yes, I’m in favor of a dictatorship!” Bolsonaro, a former Army captain, thundered at fellow lawma...Read More

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