The price of gold remains at $1,850, and the key drivers are higher bond yields and a stronger risk appetite.Last week, the yellow metal tanked below $1,900 again, and it hasn’t rebounded since the plunge – instead, the price of gold has stayed at around $1,850. What happened? The main driver of the recent weakness in the precious metals market has been the Democratic victory in the Ge...Read More

What a week! First gold soared to almost $1,960, but then its price (London P.M. Fix) plunged to $1,863 on January 8, as the chart below shows.This is quite strange (and bearish) behavior, given what happened last week. First, there were violent pro-Trump protests in Washington D.C. The rioters stormed the U.S. Capitol. During these riots, five people died. Given the chaos in the capital, gold, wh...Read More

Iron ore prices increased across the board on Thursday February 4, after sharp gains in futures on the Dalian Commodity Exchange (DCE) and in swaps contracts on the Singapore Exchange (SGX), sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $158.03 per tonne, up $5.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $158.61 per tonne, up $5.71 per tonne58% F...Read More

Base metals prices on the London Metal Exchange were mainly weaker, while those on the Shanghai Futures Exchange were mainly firmer this morning, Thursday February 4, with the weaker dollar likely weighing on dollar-denominated prices.Along with a stronger US Dollar Index, US 10-year treasuries yields are stronger too......suggesting risk-on, but broader markets not reflecting that this morningAsi...Read More

Stackers be stacking....By Matt from Silver Fortune via Silver FortuneStackers be stacking. Read More

The mania stage still lies ahead. This past week was just a small taste of the opening act...by Peter Krauth via Streetwise ReportsTEMPORARILY OUT OF STOCK.That's the message most hopeful physical silver buyers have been getting since the last days of January. Odds are bullion dealers going to have a tough time keeping any silver in stock.Everyone is buying, and no one is selling the physical me...Read More

It's like the whole thing never happened, leaving nothing but sleep deprivation in its wake. The lesson? Actually, there are several...by John Rubino of Dollar CollapseFor just a little while - literally a couple of days - silver stackers saw the light of sudden riches at the end of the tunnel. The Reddit/Robinhood hoards had noticed that the metal was cheap and blatantly manipulated, and therefor...Read More

This is but one of the seeds planted in the minds of investors because of the Wall Street Bets hopium turned Cartel coopted psyop and more...(by Half Dollar) I must admit, I fell for the Wall Street Bets hype.Don't judge.It happens.I fell for the Wall Street Bets hype for all of about six hours, which would be about the time I was researching and writing this article, to the time I updated it for...Read More

The Wall Street Bets crowd is trying by cleaning out physical silver from bullion dealers and buying up shares of...by Jason Burack of Wall St For Main StJason shares his thoughts on the new silver short squeeze that the Wall Street Bets crowd is trying by cleaning out physical silver from bullion dealers and buying up shares of First Majestic Silver. (NYSE: AG).Commit to tipping us monthly for ou...Read More

Ball Corp expects investment in beverage packaging to continue to grow as demand for sustainable aluminium cans for traditional and non-traditional beverages continues to accelerate, the Colorado, United States-based company said in its 2020 earnings report. After delays to some projects last year for health and safety reasons due to the Covid-19 pandemic, additional beverage can line investments...Read More

Turkish prices for hot-rolled and cold-rolled coil both fell in January 2021, with the market slow to moderate because of decreasing prices globally, Fastmarkets heard on Thursday February 4.The country's HRC producers were fully booked until late April, so most market participants expected prices to show more correction, after the sharp increases in November and December 2020."There was a shortag...Read More

Polished market segmented. Goods below 1 ct. softening, with slowdown in D, IF category after strong 2020 recovery. 1.50 ct. and larger firm. 1 ct. RAPI -0.6% in Jan., 3 ct. +1.7%. Polished inventory expected to rise in coming months after strong Dec.-Jan. rough buying. De Beers Jan. sales +18% to $650M. Let??eng 4Q sales +6% to $55M, average price +11% to $1,907/ct. Hong Kong dealer market slowin...Read More

RAPAPORT... Pandora's revenue fell 1% year on year to DKK 7.89 billion ($1.27 billion) in the fourth quarter as lockdowns forced stores to close in key markets.Around 10% of physical stores around the world were shut during the period, with traffic at self-owned retail locations falling 60% compared with the same period a year ago, the Danish jeweler reported Thursday. Online sales partly com...Read More

RAPAPORT... The positive sentiment the diamond market experienced during the past few months was a welcome change from the gloomy tone that characterized 2020. Buoyed by holiday sales that proved better than expected, the trade gained the confidence to buy again, even with activity limited mostly to online platforms.For the first time in many years, polished suppliers struggled to fill orders due...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Genscape is now part of Wood Mackenzie. As we combine their commodity intelligence and proprietary short-term data sets with Wood Mackenzie’s world-class long-term analysis, we will be able to offer you unparalleled depth and br...Read More

RAPAPORT... Swatch Group, which owns Harry Winston and several prestigious timepiece brands, saw sales tumble last year as lockdowns around the world sapped demand, especially at tourist locations.Revenue fell 32% to CHF 5.6 billion ($6.21 billion) in 2020, the Swiss company reported last week, noting that the decline was less severe in the second half than in the first. Sales of watches and...Read More

RAPAPORT... Dominion Diamond Mines has completed the sale of its Ekati mine in Canada, and has resumed operations at the site.Arctic Canadian Diamond Company, a business owned by two of Dominion's bondholders, has acquired all of Dominion's assets, except its 40% stake in the Divaik mine, which it shares with joint-venture partner Rio Tinto, Dominion said Wednesday.Under the terms of the agreement...Read More

RAPAPORT... The Gemological Institute of America (GIA) is offering $2 million in scholarships this year, with the funds available mainly for distance-learning courses due to the pandemic.Prospective students around the world may apply, with the deadline falling on March 31 for all classes that start between June and December 2021, the GIA said Wednesday. On-campus availability is limited. The...Read More

(IDEX Online) - Pandora reported an increase in its Q4 net profit, up by almost five per cent to $289.6m, despite the ongoing uncertainty around COVID-19.Online organic growth more than doubled, up by 104 per cent, and online sales contributed 32 per cent of total revenue. Overall organic growth was four per cent.The Danish jeweler, best known for its charm bracelets, saw revenue fall by 0.8 per c...Read More

(IDEX Online) - A collection of high-end watches and jewelry seized from criminals by British police and valued at $1.1m is being auctioned off.Among the 100-plus lots are 15 Rolex, Patek Philippe and Hublot watches and items of diamond jewelry by Cartier and Tiffany & Co. They were were all reclaimed by UK police forces and Government agencies under the Proceeds of Crime Act, whereby con...Read More