As predicted, the dollar growsstronger while gold goes in the opposite direction. Can we expect a temporarycorrection next?It’s happening! The massive upswing in the USD Index and the slide in theprecious metals market are here. Just like you knew in advance. I’mreceiving multiple messages where you’re sharing your gratitude with me, andI’m extremely...Read More
The war in Ukraine has entered itsseventh month and some people believe that China is gearing up for a war withTaiwan. Will bulls invade the gold market?In August, half a year had passed sincethe beginning of the war in Eastern Europe. Ukraine defended its independence but lost 13% of its territory. The six months of war between Europe’s two largest nations have brought deathand suffering on...Read More
Yes here's another potential black swan brewing in the background as the world continues to reel from the impact of high oil prices with the blame firmly being placed at the feet of Czar Putin, so I trundled along to take a look under the hood of the oil market and I noticed something strange that could result in an oil market DOOMSDAY Black Swan event! Look at the graph of proven Saudi Arabian oi...Read More
The key FOMC meeting ends soon. One thing is certain: after this event, the gold market won’t be the same.The Fed’s Projection Will Be Key for GoldLadies and gentlemen, please take your seat and fasten your seat belt, as we’re approaching the FOMC meeting and there could be some turbulence! Actually, gold has already entered an area of turbulence and has declined below the psycho...Read More
Gold has sure been afour-letter word lately, suffering one of its worst bull summers. The primary culprit was heavy gold-futuresselling on a parabolic US-dollar surge fueled by extreme Fed hawkishness. But the resulting gold technical damage reallydisheartened investors, spawning additional relentless selling from them. This investment bleeding has certainlyexacerbated gold&rsquo...Read More
Got physical silver?by Bix Weir of Road to RootaCredit Suisse and UBS seem to be trapped in a Counter Party Derivative mess!! Don't worry, there's only about 1,250 banks in the US that will FAIL if the derivative market crashes!! GOT PHYSICAL SILVER?!Read More
Banks historically go long near price bottoms...Vince Lanci by Chris Marcus of Arcadia EconomicsThe silver price has had an explosive rally in the first 2 days of October, and now silver is finally trading above $20 again.Fortunately, to explain some of the dynamics behind the rally, and why the silver price has moved so violently, Vince Lanci of GoldFix Substack joined me on the show again to she...Read More
While gold has traditionally been more popular with investors, silver will...by David Morgan of The Morgan ReportGiven the recent state of the global stock markets, investors are looking to diversify their portfolio by including alternative assets such as commodities. While gold has traditionally been more popular with investors, silver will also provide a safe haven during times of economic uncer...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesHole 67 was drilled within the mineral resource outline and intersected 1,131.6m grading 0.62% copper, 0.53 grams per tonne gold and 11.9...Read More
The latest four holes reported included an intercept of 237.7m grading 2.Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Copper Mountain Mining will receive $170 million in cash on the closing of the transaction for the Australian...Read More
Orynchak said the country hosts a number of critical minerals including deposits of titanium, rare earth elements, lithium, graphite and cobalt.Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Tiger Tasman is seeking between A$5.1 million and A$8.0 million in an initial public offer set to close on 17...Read More
News: Market sentiment cautious amid softening prices. 1 ct. RAPI -3.8% in Sep. and -9.7% during 3Q. Retail jewelers expecting steady holiday sales but being careful not to hold large inventories amid economic uncertainty. US in recession as GDP contracts for second consecutive quarter: -0.6% in 2Q. Rough market slow after De Beers sales +2% to $500M in Sep. Polished inventory high; diamonds...Read More
RAPAPORT... De Beers' rough-diamond sales were seasonally lower in September as Indian factories prepared for the Diwali shutdown, the miner reported Wednesday.Proceeds came to $500 million at the company's eighth sales cycle of the year, which included the sight that ran from September 19 to 23as well as auction revenues. The total was 2% higher than a year earlier but 22% lower than in Augu...Read More
RAPAPORT... Jewelers of America (JA) will present a posthumous honor to industry leader Steven Kaiser at its next GEM Awards.Kaiser, who died in May of this year, will receive JA's Award for Lifetime Achievement at the event at New York's Cipriani 42nd Street on March 17, 2023, the organization said Wednesday. He was president and CEO for the US at the Kennedy watch group and chaired the Jewe...Read More
RAPAPORT... The diamond industry is facing contrasting trends at the start of the important fourth quarter. US jewelers are optimistic for the holiday season, but the trade is staying cautious amid the economic slowdown. In this episode of the Rapaport Diamond Podcast, Rapaport Senior Analyst Avi Krawitz and News Editor Joshua Freedman discuss the slump in diamond trading, acknowledging the impact...Read More
RAPAPORT PRESS RELEASE, October 6, 2022, Las Vegas... Polished trading was slower than usual in September as US economic uncertainty and the slowdown in China affected sentiment. Dealers were cautious as polished prices continued to slide.The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds fell 3.8% in September. Having declined 9.7% in the third quarter, it was down 3% from the beginning of...Read More
RAPAPORT... A richly colored diamond initially suspected to be treated soared past expectations at Heritage Auctions last week, fetching $1.8 million and setting a record for the Texas-based company.The round brilliant, 1.21-carat, fancy-orangy-red, I2-clarity stone went for 12 times its presale high estimate of $150,000, Heritage reported last week following the Thursday auction. Before the...Read More
(IDEX Online) - De Beers today said it sold $500m (provisional) of rough at Cycle 8, down over a fifth on the previous Cycle, but broadly in line with the same period last year ($492m).At the end of August UK-based miner announced sales (revised) of $638m, up more than a fifth on both the previous Cycle this year and on the same Sight last year.De Beers predicted a drop in a rough demand at the ti...Read More