$2,000, $5,000 or even the Jim Rickard’s $50,000 as the next target for gold. How realistic are these figures – could we see the yellow metal at $5,000 or even higher amid the coronavirus crisis? We invite you thus to read our today’s article and find out how high gold prices can go in this downturn. The first quarter of 2020 was clearly positive for the gold market, as the chart...Read More

Gold-backed exchange-traded funds (ETFs) and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies without considering the true risk associated with many aspects of holding non-tangible assets. Gold ETFs are units representing physical gold in paper or dematerialized form, which is...Read More

The stock market has had a great run duringthe last decade. It has made some people a good stack of money.However, the March crash has many wonderingwhat it will do next. Will it continue to crash, or will it continue the bullmarket?Is it really worth spending time and effortcontemplating its next move? I think not.The market is currently presenting a greatopportunity to lock in those stock market...Read More

Half the US States and countries like Italy and Germany are gradually easing lockdowns. Taking measured steps, the moves are broadly cheered. Rightfully so? And what does the reopening mean for the gold market?Epidemics: Bad, Good, and UglyBy May 6, 2020, more than total 3.6 million of confirmed cases have been reported in the world and more than 250,000 have already died from the COVID-19. In the...Read More

Both Gold and Silver Futures have been struggling to rallyabove recent high levels since the start of the global stock market collapserelated to the COVID-19 virus event. Yet, the Junior Gold Miners appear to be telling us the Precious Metalsmarket is boiling hot.Gold, the bell-weather safe-haven asset, initially collapsedwhen the US stock market started the massive selloff in late February 2...Read More

Most resource sector writers (including me) have for a long timebeen "wrong" about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920and $49 in 2011, those who listened, acted, and sold a bit did quite well. Weargued the "longer time bullish case" as these metals dropped intotheir final cyclical bear market graves in late 2015.But that was then&he...Read More

Light Crude oil prices have dropped an alarming 68 percent since the start of 2020. Brent prices are down 60 percent over the last four months. But recent price action appears to show that the worst of oil's decline is likely over.As the world economies are still being mauled by the effects of COVID-19, there are growing signs that oil prices are starting to recover. Light Crude oil prices have s...Read More

Overnight, Natural Gas broke above the $2.00 price level as we expected.  On April 6, 2020, we published our research that Natural Gas was setting up a bottom pattern and that our seasonal analysis suggested April and May should prompt a price rally in Natural Gas pushing price levels above $2.40. The current rally has broken above a price resistance levelnear $2.00 and the rally up to $...Read More

Bob Moriarty of 321gold discusses economic collapse and gold.I like to read. I read fast and that helps. I can't quite come to grips with all these guys now coming out with 25-minute videos they insist we watch instead of reading. Do they really believe that everyone has so much free time that they can pay attention to someone chattering away for 25 minutes?Most of what you read or watch will be n...Read More

Sentiment in the CIS export market for steel billet improved over the weekend of May 30-31 with higher bids heard from customers in China.The increased cost of iron ore, together with an upswing in the East Asian country's domestic rebar market and production cuts planned in Tangshan province, supported interest in imported billet.Fastmarkets' daily index for iron ore 62% Fe fines, cfr Qingdao, wa...Read More

Northern European hot-rolled coil producers still face poor demand for flat steel, sources told Fastmarkets on Monday June 1.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?402.50 ($446.83) per tonne on Monday June 1, up by ?,?1.79 per tonne from ?,?400.71 per tonne on May 29.Monday's index was calculated based on the latest deals, "workable" pri...Read More

RAPAPORT... The Diamond Producers Association (DPA) has unveiled a new name and strategy it hopes will resonate with younger consumers and position it as a leading digital publisher of information about diamonds.The category-marketing organization is now the Natural Diamond Council (NDC), with its new consumer website - naturaldiamonds.com - serving as a resource and educational hub, executiv...Read More

RAPAPORT... Sales of jewelry and other luxury items in Hong Kong plunged to their lowest level on record in April, as business remained challenging even as the pandemic threat cleared locally.Revenue from jewelry, watches, clocks and other valuable gifts dropped 77% year on year to HKD 1.36 billion ($176 million) for the month, as tourism remained at a near standstill and consumer sentiment w...Read More

Metallurgical Corporation of China (MCC) has been excluded from the investment portfolio of Norway's largest asset manager because of activities at the Ramu NiCo mine in Papua-New Guinea, of which the East Asian company is the majority owner and operator.Storebrand, which made the exclusion on environmental behaviour grounds, told Fastmarkets that the the nickel and cobalt mine has discharged tail...Read More

RAPAPORT... The International Gemological Institute (IGI) has reopened several offices around the world following coronavirus-related closures, it said Thursday.Its centers in Antwerp, Hong Kong, Shanghai, Shenzhen, Bangkok, Tel Aviv, Dubai and Japan are now operational. It is carrying out certain remote services at its New York office, while operations at its locations in India vary accordin...Read More

(IDEX Online) - Jewelry stores have shown "encouraging signs" in post-COVID-19 China, according to De Beers.   Paul Rowley, its executive vice president of diamond trading, said most retail outlets were now open again, although sales had yet to return to levels before the pandemic. "In China, most stores are now open again with consumers returning and encouraging signs are beginning to show,"...Read More

RAPAPORT... As difficult as the Covid-19 lockdown period has been, Sally Morrison, director of public relations at De Beers' consumer and brands division, sees opportunity for the diamond industry moving forward. In the first episode of the Rapaport Group's "The Recovery" webinar series, Senior Analyst Avi Krawitz discussed the state of the luxury market in the coronavirus era with the marketing e...Read More

The three-month copper price on the London Metal Exchange was higher at the close of trading on Monday June 1, needing only a further slight push to rise above $5,500 per tonne - a level it has not breached since March 11 - while a smaller-than-expected fall in US monthly construction spending also supported the base-metals complex.Copper's underlying price on the LME closed at $5,484 per tonne on...Read More

Aluminium producer Norsk Hydro and battery cell maker Northvolt have formed a joint venture to harness recycling synergies between their two industries, Northvolt said. The Hydro Volt venture aims to leverage the Norwegian market for electric vehicles to secure a sustainable feed of battery materials. Northvolt, based in the Swedish city of Stockholm, said the joint recycling hub is slated to star...Read More

(IDEX Online) - Alrosa will allow customers to defer 100 per cent of June purchases, as it has done in April and May, in response to the ongoing COVID-19 pandemic. The Russian state-owned miner says it's offering "unprecedentedly flexible terms for its long-term clients" in an attempt to prevent a depressed market from being flooded. Until 2018, the 58 approved buyers on Alrosa's list co...Read More