RAPAPORT... Prices of fancy-color diamonds rose 1.1% year on year in the third quarter, rebounding from a long depression caused by the coronavirus pandemic, the Fancy Color Research Foundation (FCRF) said."This increase was actually expected, as fancy-color prices were too low for too long," FCRF advisory board member Eden Rachminov said last week. The index for pinks jumped 1.3% for the same per...Read More
RAPAPORT... China's polished-diamond imports soared in the first nine months of the year as domestic jewelry demand continued to recover from the Covid-19 downturn.Shipments into the country through the Shanghai Diamond Exchange (SDE) - after returns of unsold goods - more than tripled year on year to $2.32 billion for the period from January to September, the bourse said in a recent statemen...Read More
(IDEX Online) - Beyonce has again been photographed wearing the iconic Tiffany Diamond, despite having said she was "angry and disappointed" to learn it was a blood diamond.The 40-year-old singer wore the 128.54-carat gem in a new photo-shoot with husband Jay-Z, 51, for Tiffany & Co's About Love campaign. The pic was posted on her Instagram account last Tuesday.She prompted an online back...Read More
(IDEX Online) - Namib Desert Diamonds (Namdia) has blamed the pandemic for an 86 per cent profit slump.The government-controlled miner reported full-year post-tax profits of ?, ?880,000 in 2020/21, down from $6.31m the previous year.Namdia sold 144,967 carats at six rough diamond sales during the year, according to the Namibia Economist. The average price per carat was $494.75."Rough diamond sales...Read More
(IDEX Online) - Hackers who plundered the London jeweler Graff have issued a groveling apology to Saudi Crown Prince Mohammad bin Salman and other Middle East leaders.In a bizarre twist, the Russian-based Conti gang posted a "press release" apologizing for any inconvenience and pledging to delete all their details.It said, however, that it had no issues about posting information on US and EU...Read More
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Futures for Canada's main stock index rose on Thursday on firmer gold prices. Gold prices stabilized on Thursday after two days of losses, helped by a slight pullback in the dollar. Gold’s resurgence comes amid increasing volatility for alternative investments such as cryptocurrencies and a weakening dollar. The best gold stocks for this week include Orla Mining (TSX:OLA)...Read More
Gold remains an attractive target as the Forex and cryptocurrency markets continue to demonstrate high volatility. After rising above the $2,000/ounce price level for the first time in its history in 2020, investors turned their attention towards gold stocks as a way to diversify their portfolio. Despite an expected correction in 2021, gold remains at a level that provides good opportunities in th...Read More
As the market continues to recover from the pandemic, gold prices showed sings for optimist as they reached $1770.1; which is a +0.65% GOL. Gold prices were boosted by concerns of an economic hit from soaring energy prices and a slight retreat in the dollar, as investors braced for U.S. inflation data. At the same time, Canadian gold stocks remain undervalued, leaving plenty of o...Read More
Gold price is approaching the $1800 mark, remaining near the highest levels in five days. Prices of the yellow metal seem to be unaffected by the record run on the Wall Street indices. Growing inflation fears amid supply disruptions and rising energy prices contributed to a weakening US Dollar, continue to benefit commodity prices. Rising oil and gold prices drove futures tracking Canada's commod...Read More
Thursday’s trading session saw gold pices bounce higher and hold above trend line resistance which is now support at $1,785. A short rebound of the US dollar is seen as some to be putting downward pressure on the yellow metal. However, inflation fears remain strong and the US housing report showed that the median home price continues to rise. The activity in silver prices was similar to gol...Read More
In light of recent efforts to ramp up efforts to combat climate change, governments around the world have been talking about adopting a global carbon taxation regime. While the result of such a move has many social and economic benefits, there are concerns it could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions. Canada and Sweden are among...Read More
Technology continues to be a major driving force for the changes in the entertainment industries, and one of the effects of technological disruption has been the rise of esports, now bigger than both the music and movie industries combined in terms of revenue.Ralph Simon, CEO of Mobilium Global, discusses with David Lin, anchor for Kitco News, the significance these technological innovations for i...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Newcrest Mining (ASX, TSX: NCM) announced today that it has entered into an agreement to acquire all of the issued and outstanding common shares of Pretium Resources (TSX, NYSE: PVG) that it does not a...Read More
Now for the third day in a row, gold has scored significant gains. As of 4:25 PM EST gold futures basis, the most active December contract is currently up $9.50, or 0.53%, and fixed at $1826.40. Silver has also shown significant gains today, with the most active December contract up $0.388, or 1.61%, and is currently fixed at $24.545. While dollar weakness is a definite contributor to today’...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The gold market has found some new life as investors reactto growing inflation pressures; however, one market analyst said that goldstill needs to break through a critical level for momentum to pick up...Read More
(Kitco News) The latest take on what "transitory" inflation really means came from the Bank of Canada (BoC) governor Tiff Macklem.The BoC governor described inflation as "transitory but not short-lived," noting that it will be around for longer than expected."I think transitory to economists, means sort of not permanent," Macklem said in an interview with CTV's Question Period with Evan Solomon. "...Read More
You may have noticed that we here at Outsider Club have not published anything really about mask or COVID-19 vaccine mandates.In fact, we've only published the term "vaccine mandate" once, and it was used only in passing.And that isn't because each of the editors don't have their own opinions about these mandates. Because, like everyone, of course we do.Nor was this something we planned. We didn't...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold and silver prices are moderately up in midday U.S. trading Monday, with goldscoring a two-month high and the bulls gaining momentum. It appears the metalstraders have turned their focus from the be...Read More
(Kitco News) The crypto space's combined market cap has hit $3 trillion as Ethereum pushed to new all-time highs and Bitcoin approached record levels. On Monday, the overall market cap of cryptocurrencies had reached $3.03 trillion, according to data provided by CoinGecko.The biggest crypto drivers were the top four cryptocurrencies — Bitcoin, Ethereum, Binance Coin, and Solana. Ethereum sur...Read More