Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Several factors influence gold prices (mainly the US dollar, gold ETF inflows/ outflows, inflation rate, bond yields, safe haven demand, physical gold demand, gold supply) but none is more reliable than real interest rates.The demand for gold moves inversely to interest rates — the higher the rate of interest, the lower the demand for gold, the lower the rate of interest the higher the deman...Read More
Gold has suffered unrelentingselling in the last couple months, hammering it and its miners’ stocks muchlower. Those outsized anomalous losseshave left sentiment in tatters, with overpowering bearishness universal. Gold’s thrashing had nothing to do withfundamentals, it was driven by cascading momentum selling in gold futures andgold-ETF shares. But such dumping isfin...Read More
Zinc's futures price showed the biggest fall among the base-metals complex at the close of trading on the London Metal Exchange on Thursday March 18, with consolidation in the complex continuing, while tin's price edged close to the $26,000 per tonne mark.Zinc was trading at $2,792 per tonne at the 5pm close on Thursday after being above the $2,800 per tonne mark for the past week. Its closing pri...Read More
Meanwhile, eyes are fixed on interest rates for US Treasury bonds. During the same six-month period (August 2020 – February 2021) during which the price of gold fell by seventeen percent, the price of the 20-year US Treasury bond fell by twenty percent. That IS a huge deal, as it corresponds to sharply higher interest rates from less than 1% last August to as high as 2.26% just the other day...Read More
Iron ore prices increased slightly on Thursday March 18, after China announced that the emissions restrictions being imposed in Tangshan will be less strict than previously anticipated, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.62 per tonne, up $0.43 per tonne62% Fe low-alumina fines, cfr Qingdao: $166.98 per tonne, up $0.71 per tonne58% Fe fines high-grade premium,...Read More
Folks, it seems that gold has formedan interim bottom, and a short-term corrective upswing is now likely, beforethe medium-term downtrend resumes.Any further declines from this point arenot likely to be significant for the short-term. The same applies to silver andthe miners.In yesterday’s(Mar. 4) intraday Gold & Silver Trading Alert , I describedbriefly why I think that the very short-t...Read More
The current retail investor silver squeeze movement has a significant effect on supplies, and more importantly...Keith Neumeyer on Palisades Gold RadioTo subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca?EUR
One of our readers’ favorite tools is the Adaptive Dynamic Learning (ADL) predictive modeling system. This tool maps out technical and price patterns into an array of similar setups using historical data, then applies that data to current and future price bars. Using the ADL predictive Modeling tool, we can see into the future based on historical technical analysis that maps stat...Read More
Peter Krauth, editor of Gold Resource Investor, delves into gold's recent price movements and discusses whether now is a good time to buy gold and gold stocks. People…relax. It's a correction. If you're a serious gold investor, then I sympathize. If you're freaking out, then this is not for you. If you're anxious, then you need to check your premises. After all, what's changed since gold re...Read More
Can the precious metals move lowerbefore a short-term correction, and after correcting, will they continue theirmedium-term downtrend?Gold & silver reversed yesterday(Mar. 2) and the GDX rallied after bottoming right in my previous target area,but it’s still unclear if the bottom is in.Let’s check what’s happening in thecharts. Figure1 – COMEX Gold Futures (GC.F)In shor...Read More
Zinc's futures price showed the biggest fall among the base-metals complex at the close of trading on the London Metal Exchange on Thursday March 18, with consolidation in the complex continuing, while tin's price edged close to the $26,000 per tonne mark.Zinc was trading at $2,792 per tonne at the 5pm close on Thursday after being above the $2,800 per tonne mark for the past week. Its closing pri...Read More
Diamond market optimistic despite expected seasonal slowdown. Manufacturer liquidity getting boost from reduced inventory, faster turnover and firm prices. Concerns arising about rough market overheating amid reports that Alrosa increased prices for 1 ct. and larger by 4%-5%. Smaller De Beers sight expected next week. India Feb. rough imports flat at $1.5B, Belgium +28% to $877M. Signet Jewelers F...Read More
Turkish steel mills continued to stay out of the deep-sea scrap market on continuing weak demand for steel, despite the increasing availability of supplies, especially from the Baltic Sea, sources told Fastmarkets on Thursday March 18.The most recent deep-sea bookings were done at the end of last week, when two Baltic Sea cargoes were sold at $435-437 per tonne cfr on a heavy melting scrap 1&2 (80...Read More
RAPAPORT... Signet Jewelers' sales and earnings rose in the fourth fiscal quarter as e-commerce helped the retailer capitalize on a recovery in consumer demand.Group sales increased 1.5% year on year to $2.19 billion for the three months ending January 30, which included the important holiday season, the company reported Thursday. Same-store sales - at branches open for at least a year - were...Read More
RAPAPORT... Alrosa has increased prices for the third consecutive contract sale, fueling concerns about unsustainable growth and tight manufacturing profits.The adjustments were 4% to 5% on average, with a focus on 1-carat rough and larger, insiders told Rapaport News this week. Prices of that category are now higher than pre-pandemic levels, a customer noted.Alrosa declined to comment on its...Read More
RAPAPORT... Swiss watch exports fell slightly in February as a drop in demand from Europe outweighed a rebound in other countries. Global shipments slid 0.3% year on year to CHF 1.6 billion ($1.73 billion) during the month, with exports to Europe down 14%. Supply to the UK declined 7% to CHF 96.1 million ($103.8 million) as many businesses rema...Read More
(IDEX Online) - A Cartier bracelet featuring a flawless D-color 63.66-carat pear-shaped white diamond and rock crystal is to be auctioned at Sotheby's Hong Kong with an estimate of $5.1m to $8.4m.The Art Deco-inspired piece (pictured), part of the L'Odyss?? (C)e de Cartier - Parcours d'un Style high jewelry collection, took almost 2,000 hours to create.Also headlining at the Magnifi...Read More
(IDEX Online) - A new range of "diamond watches" feature a hand-drawn 3D image of a brilliant-cut gem on the dial.They're the creation of celebrated Canadian watch and jewelry designer Reena Ahluwalia (pictured with watch), who is also a keen diamond painter.She earned a Guinness World Record in 2019 for her Mudan Watch, with most diamonds set on a watch - 15,858 diamonds, totaling 50.01...Read More
London Metal Exchange nickel was the only metal to make small gains on Thursday March 18 morning, with the rest of the complex trading sideways following the US Federal Reserve's reiterated stance on interest rates on Wednesday evening."Fed Chair Jerome Powell said there's no need to react to climbing Treasury yields [with the 10-year notes yield hitting 1.73 on Thursday morning because] officials...Read More
(IDEX Online) - A collection of Hemmerle jewelry - with their trademark gems set in unorthodox materials - is to be sold by Sotheby's New York.The 19 lots, all owned by the late philanthropist, art patron and passionate collector Michelle Smith, represent the largest private collection of Hemmerle jewelry to appear at auction.They're among more than 400 lots of 20th and 21st century desi...Read More