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
RAPAPORT... Breitling's majority owner has sold off part of the business and indicated it might list the luxury Swiss watch brand on a stock exchange.Partners Group, a global private investment firm, has acquired a "significant minority stake" in Breitling from CVC Capital Partners Fund V1, the companies said last week. "We look forward to working closely with [Partners Group] to continue to...Read More
RAPAPORT... A 10.90-carat diamond will star as the centerpiece of the upcoming jewelry sale at Skinner Auctioneers.The emerald-cut, J-color, VS1-clarity diamond ring is estimated to fetch up to $250,000 at the November 16 Important Jewelry auction, the US-based company said last week. A ring with a pear-shaped, 6.20-carat solitaire diamond, flanked by tapered baguette diamonds, will also go under...Read More
(IDEX Online) - Observers for the Kimberley Process (KP) have drawn up four key demands to end the ongoing flow of conflict diamonds.They say the certification scheme, which was established in 2003, has been deadlocked for over a decade as member countries fail to agree on adapting to current challenges.The Kimberley Process Civil Society Coalition, which acts as an observer for KP, says diamond m...Read More
(IDEX Online) - Hackers are holding the exclusive London jeweler Graff to ransom after stealing confidential data on tens of thousands of super-wealthy clients.A report in The Mail on Sunday (MoS) today says details of buyers and their purchases could cause huge embarrassment to customers who bought gifts for secret lovers or had received jewelry as a bribe.Graff has become a go-to jeweler fo...Read More
(IDEX Online) - A British retiree who almost binned an item of worthless "costume jewelry" was stunned to find it was actually a genuine 34-ct diamond, worth up to $2.75m.The unnamed 70-year-old was clearing her house and took it to be valued, along with other pieces she'd picked up over the years, at swap meets. She had no idea where she bought it or how much she paid.Featonby's Auction...Read More
Traders andinvestors are waiting for two key events this week that will shape thedirection and price of gold. The first event will begin tomorrow and concludeon Wednesday when the Federal Reserve convenes and concludes its November FOMCmeeting. This will be followed by the Fed's monetary policy statement whichwill contain any changes, as well as a press conference by Chairman Powellapproximately...Read More
In 1933 the United States was deep into the worst economic depression the nation had ever faced. The stock market crash a few years earlier wiped out millions of investors. Countless businesses went bankrupt. The unemployment rate neared 25%. Meanwhile, half the country's banks had failed.It was a dark time for America - and not unlike many of the conditions we face today.In their time of need, th...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - The SHIBA INU coin made headlinesin recent weeks, having climbed 780% in the last month alone. The coin, created by an individualor group known as Ryoshi, was intended to be a satire on the popular Dog...Read More
(Kitco News) Tech billionaire Peter Thiel views bitcoin at $60,000 as signaling "a crisis moment," stating that he regrets not buying more earlier."Bitcoin [at] $60,000 – I'm not sure that one should aggressively buy [at that price]. But surely what it is telling us is that we are having a crisis moment," Thiel said at the second National Conservatism Conference.High crypto prices point to a...Read More
(Kitco News) It's been "a mad world" out there with record-high equities, real estate and more. But the long-awaited surge in gold and silver is coming in the next six months, said Mike Larson, senior analyst at Weiss Ratings."If you're in a world where many assets are over-valued, where real estate is extremely highly valued, stocks are extremely highly valued, and so on. What hasn't run up and r...Read More
Mr. Jim Payne reportsDYNACERT ANNOUNCES ITS TECHNOLOGY IMPLEMENTATION BY SOFINA FOODSDynaCERT Inc. has implemented its flagship HydraGen technology and its telematics HydraLytica technology by Sofina Foods Inc. in Canada.KarbonKleen Inc., a preferred system provider of DynaCERT, has informed the company that Sofina will expand its installation of DynaCERT's technology from four HydraGEN technology...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold pricesare holding decent gains in midday U.S. dealings Monday. Support comes from a weakerU.S. dollar index, firmer crude oil prices and falling U.S. government bondyields on this first trading d...Read More
(Kitco News) Gold prices ticked to daily highs as the headline manufacturing index from the Institute for Supply Management retreated in October but came in above expectations.The ISM manufacturing index was at 60.8% last month, beating the consensus forecast of 60.5%. But the monthly figure marked a 0.3 percentage-point decline from September's reading of 61.1%."This figure indicates expansion in...Read More
Gold, Silver, andPlatinum continue to trade in a malaise. All three remain stuck in a range andshow all the makings of a large move. For now, we assume that move to be up.However, we can expect eventually, either the bears or the bulls will takecharge.Consolidation is a warbetween the bulls and the bears. Bulls buy them until the bears fight back andsell. This rotation can last for an extended per...Read More
Here are five Fastmarkets stories you might have missed on Monday November 1 that are worth another look....Read More
Market participants in the European Union expressed uncertainty on how the flow of European-produced aluminium to the United States will be impacted by a deal to between the US and EU to replace Section 232 import tariffs with a tariff-rate quota (TRQ) system."The news is still fresh and it is not clear yet what it means for the market," one European trader told Fastmarkets."On the European side,...Read More
Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More
A lot of people are thinking that just because many mints are issuing gold bullion and gold coins, that they are basically similar to each other - they aren't.When you invest in coins, you are primarily looking at the collector's value. Sure, there's gold versus silver and other precious metals involved. But the main driver of the value of gold coins and other coins mixed with precious metals is t...Read More
Benefits of Buying Gold in BulkWhether you have already invested in gold or silver, or are just looking at how to start, you have probably seen how expensive it can be, and how much the fees are for vendors. We cover the best gold dealers to make a bulk purchase in high-grade gold and why you should consider wholesale gold bullion instead of just a few coins at a time.Considering Choosing Wholesal...Read More
What Is The Difference?The first question you may be asking yourself when you are trying to decide if you are going to invest in bullion coins or proof coins is: what is the difference between them? Table of ContentsTop DifferencesWhat Does Proof Mean in Coins?Which One Should I Buy?Why Are Uncirculated Coins Worth More?Is a Proof Coin More Valuable?Differences Between Bullion, Proof, & Uncirc...Read More