Gary TanashianGold bugs will remember 2012 as the last year of hope that gold was still in its bull cycle as it managed to hold key support around 1550 into year end. It should not be lost on us that here into year-end 2019 gold's new bull cycle has risen to, and logically halted at, the very same former support that is now important resistance to a new bull market.We anticipated this resistance...Read More
Dave KranzlerI'm sure most of you are inundated with "Black November," "70% off" and "clearance" email promotions from the usual cast of brick/mortar/online chain retailers. It started with my inbox in October. This is because retailers are terrified of what could be one of the worst holiday spending seasons in years.The mainstream financial media, planted with soundbytes from Wall Street...Read More
By: Ira EpsteinNew head of ECB sends message to spend on infrastructure. Gold in a market that wants to move lower. Weekly Bollinger band support is narrowing, support in the $1,440 area. Read More
Hearts and MindsSplit LaborWarring TribesDallas and ThanksgivingThose who experienced the 1930s as adults are mostly gone now, but they left notes. We have a pretty good record of what that period was like. It wasn't fun to begin with then it got worse.This year, I've written several times about the 1930s parallels that Ray Dalio and others see with our situation today. The similarities are inde...Read More
Here are five Fastmarkets MB stories you might have missed on Friday November 22 that are worth another look.Prices in Southeast Asia's steel billet market rose in the week to November 22 as Chinese buyers continued to snap up material in the spot market, sources told Fastmarkets.Japanese and Korean copper smelters are likely to follow the contract for 2020 treatment and refining charges (TC/RCs)...Read More
If you are a producer or consumer, or are active in the physical markets, then you had better be aware of a new set of regulations that will make it all the more important for you to choose the right logistics partner from next year.The International Maritime Organization (IMO) has ruled that from January 1, 2020, the marine sector will have to reduce sulfur emissions by more than 80% by switching...Read More
Most major aluminium producers agree that tackling the carbon intensity of the smelting process is one of the biggest challenges facing their industry. What they cannot agree on is how to deal with the situation, as a lively panel hosted by Fastmarkets during LME Week at the end of October showed. Aluminium smelting is an energy-intensive business and the market is starting to differentiate b...Read More
Bearish macroeconomic signals and oversupply have put minor metals and ferro-alloys prices variously under pressure over 2019; the structure and terms of contracts agreed over the coming weeks will show how market participants are accounting for those signals ahead of 2020. A slowing global economy alongside uncertainty over the China-United States trade dispute and Brexit have slowed minor metals...Read More
Copper has attempted to rebound since early September following a marked sell-off in the summer months where macro and fundamental forces have been prevalent.On the macro front, copper has benefited from a slight easing in US-China trade tensions and more monetary policy easing across the globe - including China, where copper consumption is the most exposed - that has shored up investor sentiment....Read More
Here are five Fastmarkets MB stories you might have missed on Friday November 22 that are worth another look.Prices in Southeast Asia's steel billet market rose in the week to November 22 as Chinese buyers continued to snap up material in the spot market, sources told Fastmarkets.Japanese and Korean copper smelters are likely to follow the contract for 2020 treatment and refining charges (TC/RCs)...Read More
RAPAPORT... Gemfields raised $27.2 million at its November sale, capping offthe miner's second-highest annual results in 10 years. "[The company] has realized $79 million of auction revenuesin 2019, the second-best calendar year performance since the auction system wasintroduced a decade ago," Gemfields managing director Adrian Banks said Friday. The miner sold 320,000 carats of rough emerald...Read More
RAPAPORT... Two of the top US department stores noted strong jewelrysales in the third fiscal quarter, even as their overall sales disappointed. "In terms of specific results, our top-performingmerchandise categories in the quarter included fine jewelry, footwear, men'sand women's apparel," J.C. Penney chief financial officer Bill Wafford saidlast week on an analyst call transcribed by Seekin...Read More
RAPAPORT... The definition of a conflict diamond will remain unchanged, despite a three-year effort to broaden the mandate of the Kimberley Process (KP). Government representatives were not able to reach the required consensus on the issue at last week's plenary meeting in New Delhi, India. The meeting on November 22 marked the end of the KP's three-year review period, thus presenting a final...Read More
RAPAPORT... Gem Diamonds has recovered two diamonds weighing more than100 carats from its Let??eng mine in Lesotho. The miner found a 120-carat, high-quality, white, type IIa diamond onNovember 20, and a 125-carat, low-quality stone on November 19, it said. The stones are the ninth and 10th of that magnitude for the company so farthis year. It recovered five high-quality white stones and thre...Read More
(IDEX Online) - Attempts to strengthen the scope of the Kimberley Process (KP) failed at the recent KP plenary after government representatives failed to reach a consensus.Despite the lack of progress, the World Diamond Council (WDC) said it continued to be committed to advocating for change. WDC president Stephen Fischler called the failure to achieve consensus, "a missed opportunity to enhance t...Read More
(IDEX Online) - LVMH has raised its bid for U.S. jewelry chain Tiffany & Co to almost $16 billion, according to reports by Reuters. Earlier this month, Tiffany turned down the French luxury group's $120-per-share offer, arguing that the company is worth more.Reuters quoted sources that said Tiffany agreed to give LVMH access to its books. They also said the jewelry company plans to contin...Read More
(IDEX Online) - A direct-to-consumer fine jewelry brand that uses lab-grown diamonds and recycled gold has received $1.2 million in seed funding. Kima?? ?, which has been worn by the Duchess of Sussex Meghan Markle, Emma Watson and Jessica Alba, aims to bring "transparency, innovation and inclusivity to a consciously minded generation of consumers." Kima?? ? handmakes it pieces in Antwerp, us...Read More
"$FET - Forum Energy Technologies: International Operations Can Provide The Relief. Read more: https://t.co/Dev77x8gcU #trading #finance #stocks"Read full newsRead More
Cyprus-based investment firm Sycamore Mining on Tuesday signed a pact with Guine...Read full newsRead More
"$PH - After A 20% Gain, Parker-Hannifin Is No Longer Attractive. Follow this and any other stock on Seeking Alpha! https://t.co/PrYkmxDhdI #markets #trading #investing"Read full newsRead More