This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a positive 95-71-144 as the TSX Venture Exchange rose five points to 525. Lithium Ionic Corp. (LTH) had a good day, adding nine cents to $1.80 on 1.65 million shares.

Glory be! Although New York-based diamond analyst Paul Zimnisky set his global rough diamond price index unchanged this week, he did so at 152.6 points, a 0.2-per-cent increase over last week's 152.2 points. Mr. Zimnisky adjusts his index when information trickles in late remember, and last week the tardy data came bearing good news. Nevertheless, the chart is full of gloom, if not doom, as the index is off a full 17 per cent from the 183.9 points where it sat a year ago. Worse, it is 26.4 per cent lower than its all-time high of 207.3 points reached in early 2022.

No matter: Mr. Zimnisky appears hopeful the slide is over. The left half of his chart sports a faint dashed line indicating that rough prices were flattish from late October of 2022 to late April of 2023. Now, his chart also sports a tentative new set of flattish dashes covering the past three weeks. Meanwhile, the five-month gap between the two sets of dashes, which slumps earthward like the main descent of the Mighty Canadian Minebuster roller coaster in Toronto, must do so without any guiding dashes.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS