Here are five Fastmarkets stories you might have missed on Friday April 24 that are worth another look.Anemic demand stemming from the Covid-19 pandemic resulted in another round of import price decreases for flat-rolled steel in South America, with the majority of customers reported as skipping orders for June shipments, market sources said.When the oil price fell into negative price territory at...Read More

The metals markets are being pulled in multiple directionssimultaneously like never before. The global virus-triggered economic freezehas caused industrial demand for all commodities to crater. At the same time, mining output is also crashing as virus fearsforce many mines around the world to suspend operations.What is the “right” equilibrium price for copper, silver, go...Read More

One of the many bothering issues about the coronavirus crisis, is whether it will turn out to be inflationary or deflationary. What do both of these scenarios mean for gold ahead?US Inflation Rate Declines in MarchMany people are afraid that the coronavirus crisis will spur inflation. After all, the increased demand for food and hygiene products raised the prices of these goods. Moreover, the supp...Read More

Our Adaptive Fibonacci Price Modeling system incorporates anintelligent “Inference Engine” into internal decision-making and futureanalysis.  This type of “Adaptive Learning”is one of the core elements of Artificial Intelligence – the ability to readinputs, adapting to price structures and setups and infer expectedoutcomes/results based on a complex decision-maki...Read More

Due to several recent events, including a price war initiated by Russia, the price of oil has declined to record-low levels these past couple of weeks. Subsequently, the price decline resulted in a massive worldwide panic which pushed the price down even further. While the panic might reasonable and based on a real fear of what the situation might lead to, there are still ways that investors can p...Read More

Recent shifts in the markets suggest gold prices are about to breakout in the same manner as they did over the summer last year.The price of gold is a small distance away from the March highs ahead of the North American open on Monday and a fresh seven-year high looks to be probable.Many factors impact the price of gold but there are few specific things that I am looking at that lead me to believe...Read More

RAPAPORT... Christie's garnered $1.4 million from its Jewels Online sale, selling 100% by value.An emerald and diamond necklace from Graff's Icon collection was the top lot, fetching $52,500, against a high estimate of $15,000, the auction house said Friday. The piece contains 71 round diamonds weighing a total of 2.99 carats and 11 pear-shaped, and nine round, emeralds. A pair of emerald and...Read More

RAPAPORT... The National Retail Federation (NRF) is predicting a 1.5% increase in US consumer spending on jewelry this Mother's Day, despite financial pressures arising from COVID-19.Americans will shell out $5.27 billion on the category this year, compared with $5.19 billion in 2019, the trade organization reported last week. Jewelry will retain its position as the top-grossing item for the...Read More

RAPAPORT... A gem-set, diamond and enamel tutti frutti bracelet by Cartier is to go under the hammer in Sotheby's latest online sale.The piece, which has a high estimate of $800,000, will be sold as a single lot by Sotheby's New York in a dedicated remote auction. It features a selection of old European and single-cut, VS- to SI-clarity, F- to I-color diamonds, weighing a total of approximate...Read More

RAPAPORT... Gem Diamonds will recommence full operations at its Let??eng deposit in Lesotho after the government permitted the mining sector to reopen despite a national lockdown.The company will start production on Monday, implementing special health-and-safety measures to prevent the spread of COVID-19, it said last week. The government reached its decision after weighing up the impact of a...Read More

(IDEX Online) - Diamond miners are being allowed to resume operations in Lesotho, even though the country's coronavirus lockdown has been extended. The tiny kingdom, landlocked by South Africa, is home to Gem Diamonds' Letseng mine (pictured), Lucapa's Mothae mine,  and Namakwa Diamonds' Kao mine, but Firestone's Liqhobong mine is expected to remain closed f...Read More

(IDEX Online) - De Beers will slash diamond production by 20 per cent this year, blaming coronavirus and the resulting Indian lockdown, mine closures in South Africa and US slump in demand.It has revised down its 2020 forecast from between 32m and 34m carats to 25m and 27m carats,In an operational update parent company Anglo American says: "At De Beers, lockdown measures have significantly impacte...Read More

(IDEX Online) - Indian diamond producers are being urged to adopt a voluntary month-long ban on the import of rough diamonds from 15 May.Trade bodies make the plea in an open letter and say it will help the industry survive the coronavirus crisis and send a clear message to banks that it is not prepared to face further debt.An estimated $7bn of rough and polished diamonds have been stuck in India,...Read More

Shares of gold miners and funds dealing in the precious metal have rallied in recent weeks as the coronavirus crisis rocked global markets and investors raced to buy safe-haven assets.Read full newsRead More

"@TheSolariReport The opposite has happened. The fed has taken over.Right now the CB's are performing a leveraged buyout of USA ---- and once the next leg down begins in stocks --- they will do the Japanese thing and buy stocks directly. https://t.co/wqydnwloWx"Read full newsRead More

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Can you believe what’s happening? While Central Banks print trillions of new dollars, oil prices recently turned negative. It could be a Goldilocks environment for strong, well-capitalised miners like Barrick Gold (TSX:ABX).Even a modest rise in gold prices can have a tremendous impact on its bottom line — and oil is one of Barrick’s biggest expenses.Its profits could potentially...Read More

One of the few assets to have performed robustly during the coronavirus crisis is gold. The yellow metal has soared by 14% since the start of 2020 to be trading at over US$1,729 per ounce. There are signs that as the coronavirus fallout mounts, gold will rally higher. Some analysts are projecting that the precious metal could reach US$3,000 an ounce, as government stimulus weighs on fiat currencie...Read More

The Solwezi licences are located roughly 15 km from First Quantum Minerals' Kansanshi copper mine (pictured). Image: First Quantum Minerals. Rio Tinto (NYSE: RIO) has entered into an earn-in and joint venture agreement with Vancouver-based junior Midnight Sun Mining (TSXV: MMA), under which the Anglo-Australian miner can earn up to a 75% interest in the latter's Solwezi licenses.The Solwezi licen...Read More

The coronavirus market crash has not been as bad for some TSX stocks as it was on the broader markets. This top TSX stock has surged from close to $33 levels to its all-time high of $56, and that’s a staggering 70% surge in just about five weeks.Notably, the TSX Composite Index managed to gain just 5% in the same period. The top Canadian giant that outperformed broader markets by such a wide...Read More