Our research team believes Crude Oil and Energy, in general, has stalled near major resistance and maybe setting up a big downside move as the COVID-19 virus continues to roil regional and global economies.  The recent news that the COVID-19 virus cases have skyrocketed suggests further economic shutdowns may push oil prices below $35 ppb over the next few weeks and months.  Our research...Read More

In this week's advisory, sector expert Michael Ballanger reviews the most recent market news, celebrates old-school communication techniques and offers strategies for investing in the dog days of summer.As the month of July moves into its final ten-day stretch, I see NASDAQ records falling left and right as the drivers of fear that dominated in March are now "yesterday's news." Rising second waves...Read More

Here are five Fastmarkets stories you might have missed on Friday July 24 that are worth another look.ArcelorMittal M?(C)xico's integrated steel mill at L??zaro C??rdenas, in the country's western Michoac??n state, has been partly closed by local municipal officials because of alleged tax irregularities, the company said on...Read More

We’ve been micro-managing silver lately in NFTRH and NFTRH+ updates and that is for a reason. The reason is that gold’s wild little bro has been rallying – in what is turning out to be 5 clear waves – since the March crash.When that crash reversed, my view, and hence the NFTRH view was that it was likely to have been a horrifying shakeout of the silver bulls that due to its...Read More

Previously,I have shown how the Dow has actually outperformed silver and gold since thecreation of the Federal Reserve in 1913.Today, if silver had the same kind ofperformance as the Dow since around the creation of the Federal Reserve in1913, then it would have topped out at $225.20 [(29568.6/78.78)*.6). Yet, itonly topped out around $50 in 1980 and 2011.In 1973 silver was in a similar type ofpos...Read More

YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM25 July 2020 -- SaturdayThe gold price traded quietly and unevenly sideways until around noon China Standard Time on their Friday. It was sold down to its low tick of the day by shortly after 1:30 p.m. CST -- and its subsequent rally was capped just minutes after 9 a.m. in London. From that point it was sold lower until around 11:45 a.m. BST....Read More

There's even the possibility of silver going as high as $300 in the near future...Keith Neumeyer interviewed by Josh Sigurdson of World Alternative MediaJosh Sigurdson talks with Keith Neumeyer about the rise of silver and the potential for the precious metal to reach more than $100 an ounce! There's even the possibility of silver going as high as $300 in the near future simply based on the gold/s...Read More

RAPAPORT... Luk Fook's sales plunged 71% in the first fiscal quarter as the coronavirus continued to reduce foot traffic and tourism.Total same-store sales - at Luk Fook outlets open for more than a year - in Hong Kong and Macau dropped 76% in the three months ending June 30, the company said last week. Same-store sales of gold priced by weight slid 72%, while purchases of fixed-price jewelry...Read More

RAPAPORT... Petra Diamonds' full-year sales dropped to their lowest level in almost a decade as the coronavirus aggravated an already weak rough market.Revenue fell 36% to $295.8 million in the fiscal year ending June 30, reflecting sluggish rough prices between July 2019 and February 2020 and a significant downturn during this year's Covid-19 pandemic, the company explained. Sales volume dec...Read More

RAPAPORT... The Diamond Development Initiative (DDI), which has worked to improve conditions for small-scale diamond miners for more than a decade, has merged with Resolve, an organization engaged in tackling social, health and environmental challenges.DDI will become a division within Resolve, called DDI@Resolve, with DDI executive director Ian Rowe serving as its director. DDI chairman and...Read More

(IDEX Online) - De Beers is embarking on a huge modernization program that will affect all aspects of the business, CEO Bruce Cleaver said in a letter to staff.The move, in response to the COVID-19 pandemic, will include reviewing the way it sells rough stones, according to a report on the Bloomberg news website.It raises the possibility that the company's long-held tradition of holding Sight...Read More

(IDEX Online)- Troubled Petra Diamonds has blamed the coronavirus pandemic for a 36 per cent drop in sales.The UK-listed miner is currently seeking a buyer as it faces mounting debts and says it's been dealt a significant extra blow by the combination of COVD-19, an already weak market and a series of power cuts affecting its mines in South Africa."The unprecedented impact of COVID-19 has sig...Read More

It's a sign of the remarkable times we're living through that a monthly drop in watch and jewelry sales of "only" 29.9 per cent sounds like good news.The year-on-year figure for May follows a devastating decline of 51.6 per cent* last month, and as such it hopefully indicates that recovery has begun and the worst of the coronavirus crisis is behind us.  Lockdowns have been eased, st...Read More

Mark Mobius, an emerging-markets investing pioneer, shared his view on gold in a Friday interview with Bloomberg TV as the asset is the asset is set to mark...Read full newsRead More

China's crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom's position as the top oil supplier to China.Read full newsRead More

Gold is receiving support from the coronavirus spike, ultra-low interest rates, a weak dollar and other factors.Read full newsRead More

Mark Mobius, an emerging-markets investing pioneer, shared his view on gold in a Friday interview with Bloomberg TV as the asset is the asset is set to mark...Read full newsRead More

Despite the recent rally in stock markets since the crash back in March, the global economy is still in poor shape. Many are still unemployed, and businesses are still operating at reduced capacity.This makes it almost guaranteed that we will see economic output far below capacity for some time.The stock market has largely been unattached to economics lately. With almost all negative news seemingl...Read More

Gold hit an all-time high today for the first time since 2011. That is big news, albeit more for what it signals than the actual event. For a long time now, gold bugs have argued that gold would rise sharply in response to money printing from the American Federal Reserve. This event is now a reality due to unprecedented money printing.What is amazing is the lack of coverage of this event. I did a...Read More

Last September, I’d discussed why the spot price of gold could hit $2,000 in 2020. At the time, I’d pointed to economic and geopolitical factors that were bullish for the yellow metal. Gold looked good coming into this year, but no one could have predicted the incredible events that have shaken the world in 2020. Are fears of a second market crash and a global recession pushing gold to...Read More