Royal blue diamond goes on sale

By analyst By Valentina Ruiz Leotaud A 6.16-carat diamond called Farnese Blue will appear on the market for the first time in history this spring, after having remained in the same family for over three centuries. Sotheby’s will be offering the gem at its Magnificent Jewels and Noble Jewels sale taking place in Geneva on May 15, 2018. The stone’s value is calculated between $3,690,000 and $5,270,000. According to a press release issued by the auctioning house, the pear-shaped blue diamond was given by the Philippines to Elisabeth Farnese, Queen of Spain (1692-1766), and has subsequently passed down through four of the most important royal families in Europe: Spain, France, Italy, and Austria. It is said that the fancy dark grey-blue diamond originated at the Golconda mines in India and has travelled throughout the old continent for some 300 years, from the aftermath of the Spanish Succession War to the … Continue reading

Liebherr to invest $45 million expanding footprint in US mining sector

By analyst By Cecilia Jamasmie Heavy equipment maker Liebherr’s goal of becoming one of the top suppliers for the mining industry in North and South America seems to be a step closer, as the Switzerland-based company announced a $45 million-investment to grow its facilities in Virginia, US.. The family-owned machinery maker, which has been manufacturing and operating in Newport News for over 48 years, said it’s planning to start construction in July on an additional 251,000 square feet on 28 acres. Liebherr has continually grown its operations in the US since it first landed in the market, in 1970. The new expansion will include the construction of three new buildings on twenty-eight acres adjacent to the Liebherr’s current manufacturing facility, it said in the statement. The development comes almost two years after Liebherr integrated the US sales and service activities of its eight divisions with the formation of a mixed … Continue reading

Will Gold Breakout? 3 Things to Watch…

By Jordan Roy-Byrne CMT, MFTA This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit or the quote page for more information about this breaking news. …read more Source: Market Watch-Real-time Headlines ‘ data-medium-file=”” data-large-file=”” src=”×768.jpg?w=150&ssl=1″ alt=”” data-recalc-dims=”1″> Gold has firmed above $1300 in recent days and is holding comfortably above $1300 for now. We think the market will break to the upside sometime this year. The question is when. Here are 3 things to watch that will tell us if Gold is on the cusp of that break-out soon or later. First, keep your eye on Gold’s close at the end of next week. It’s not only the end of the week and month but also the end of the quarter. While Gold has traded above $1350 multiple times in the past two years, it has not made a quarterly … Continue reading

Eldorado down on Q4 loss

By analyst By Valentina Ruiz Leotaud Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were down on Thursday after the company reported a Q4 loss and technical studies for its Kişladağ, Lamaque and Skouries mines. In a press release, the Vancouver-based miner stated that, due to a 20 per cent y-o-y fall in sales volumes, its adjusted Q4 loss came in at $400,000 compared to $2.9 million in earnings in the year-ago quarter. In detail, sales moved down to 67.3K from 84.6K ounces. In terms of production, Eldorado revealed that the last quarter of 2017 totaled 83.9K oz., up slightly from 82.8K in the same period of 2016. Full year gold production was of 292,971 ounces, including Olympias pre-commercial production and 7,061 ounces of gold produced from a bulk sample at the company’s newly acquired Lamaque project in Quebec. In a conference call held today, CEO George Burns recognized that 2017 was a … Continue reading

Scientists create “kagome metal”

By analyst By Valentina Ruiz Leotaud Physicists from MIT, Harvard University, and Lawrence Berkeley National Laboratory have produced what the call “a kagome metal” — an electrically conducting crystal, made from layers of iron and tin atoms, with each atomic layer arranged in the repeating pattern of a kagome lattice. In a paper published in Nature, the scientists explain that their creation was inspired by Japanese kagome baskets, which are typically made from strips of bamboo woven into a highly symmetrical pattern of interlaced, corner-sharing triangles. “If a metal or other conductive material could be made to resemble such a kagome pattern at the atomic scale, with individual atoms arranged in similar triangular patterns, it should in theory exhibit exotic electronic properties,” the researchers explain in a press release issued by the MIT. In their experiment, the scientists flowed a current across the kagome layers within the crystal. After they … Continue reading

Chris Temple from The National Investor – Thu 22 Mar, 2018

By Cory Extended Market Wrap – US Markets, L-T Yields, Trade Wars, The Yen, and Chinese Rate Hikes Chris Temple joins me to wrap up another interesting day in the markets. The markets closed at their lows for the day with the Dow down over 700 points. Long term yields were also hit with the 10 year touching 2.80% but not breaking lower. Volatility spiked again tuning this quarter into the most volatile in history. We also also look internationally at the move up in the Yen and Chinese rate hikes. So much to consider which is why this is one of our longer market wraps. Download audio file (2018_03_22-Chris-Temple.mp3) Click here to visit Chris’s site for more valuable market and economic commentary. …read more Source:: The Korelin Economics Report The post Chris Temple from The National Investor – Thu 22 Mar, 2018 appeared first on Junior Mining Analyst. … Continue reading

KER Politics – Thu 22 Mar, 2018

By Big Al Jeff Ferry, CPA and Director of Research for a Coalition for a Prosperous American opines on Trump’s action towards China Jeff Ferry, Director of Research for the Coalition for a Prospersous America, has interesting thoughts on the President’s action today toward China and Big Al agrees with him. Download audio file (Genesis-Segment-8-April-24-Jeff-Ferry-the-Director-of-Research-for-Coalition-for-a-Prospersous-America-disscusses-the-Administrtions-recent-actions-towards-China-1.mp3) …read more Source:: The Korelin Economics Report The post KER Politics – Thu 22 Mar, 2018 appeared first on Junior Mining Analyst. … Continue reading

Trump Will Use the “Nuclear Option” on Trade

By James Rickards This post Trump Will Use the “Nuclear Option” on Trade appeared first on Daily Reckoning. What we have seen so far are just the opening shots of the coming trade war. Think of it as the Battles of Lexington and Concord that opened the Revolutionary War. Much larger tariffs and penalties are waiting in the wings. Trump will soon receive a report under Section 301 of the Trade Act of 1974. That report has been almost a year in preparation and will reveal that China has stolen over $1 trillion in U.S. intellectual property. Section 301 of the Trade Act of 1974 is the “nuclear option” when it comes to trade wars. I don’t want to get too deeply in the weeds here, but Section 301 gives the president broad authority to impose sanctions and penalties. The president will have a completely free hand to impose billions … Continue reading

Trump Prepares to “Go Nuclear” on China

By James Rickards This post Trump Prepares to “Go Nuclear” on China appeared first on Daily Reckoning. As you know by now, the Fed raised its target rate yesterday. I’ll have more to say about that in the days ahead. But today I want to address some news that could have even larger ramifications for markets and the economy. The mainstream media haven’t given it nearly the consideration it deserves. What am I talking about? President Trump announced plans today designed to punish China for stealing American intellectual property. The sanctions target China’s high-tech sectors and place restrictions on Chinese investments in the U.S. (see below for details). It will likely trigger Chinese retaliation and reignite fears of a global trade war. It was another bloodbath on Wall Street today, mostly because of the trade news. The Dow ended the day more than 700 points lower. This should come as … Continue reading

Could You Pass The Marshmallow Test?

By Nilus Mattive This post Could You Pass The Marshmallow Test? appeared first on Daily Reckoning. We’re starting to pack for a spring break trip to El Salvador next week, where both the air and water are in the 80s. Meanwhile, a few of the families we’re friends with are packing for a snowboard trip to Aspen. My daughter would certainly like to be there drinking hot chocolate and toasting marshmallows with the rest of her crew, but she’ll happily forgo a couple sweets for something she likes even more – big, warm waves in a bathing suit. As it turns out, that’s a very good trait to have. In an experiment conducted by Stanford back in the late 1960s and early 1970s, researchers took a group of kids (ages 4-6) and offered them each a single marshmallow to eat. However, they also gave them another option — wait 15 … Continue reading