RAPAPORT... De Beers will partner with two major retailers topromote Lightbox, its affordable lab-grown-diamond-jewelry brand. Lightbox's $800-per-carat jewelry is set to be soldin select Bloomingdale's stores, including in New York City and San Francisco, thecompany said last week. It will also be distributed through 30 stores belongingto independent retailer Reeds Jewelers, which are primarily l...Read More
RAPAPORT... Six synthetic-diamond companies have signed up for apilot program aimed at creating a sustainability standard for the sector. SCS Global Services, a third-party auditing specialist,will analyze companies' environmental, social and governance records, with thegoal of devising an independent sustainability certification for lab-growndiamonds. Crystal brand Swarovski and jeweler Helzberg...Read More
Gary Christenson, The Deviant InvestorThe music died many times in the past. To name a few:1929 Market crash1933 President Roosevelt confiscates citizen gold and declares it illegal to own more than a few ounces.1971 President Nixon "closed the gold window" and severed the last link between the devaluing dollar and gold.1987 Stock market crash2000 Stock market and "dot-com" crash2008 Stock marke...Read More
For silver, all roads probably lead to the $22-$25 area. For gold, all roads likely lead to $1600-$1800. There could be significant bumps in these roads, probably involving time more than price.2. Please [ https://gracelandupdates.com/wordpress/wp-content/uploads/2019/10/2019oct15si1.png | click here now ] . Double-click to enlarge this silver chart.3. Silver looks stronger than gold, but gold i...Read More
Panic.It's an emotion that's good for business when it comes to the 24-hour news cycle.There was the post-World-War-II Red Scare. Then you had the "Satanism via Dungeons and Dragons" panic of the 1980s. There's always been something to keep the masses looking over their shoulders and glued to the TV.Even today you can take your pick.Longstanding classics like poisoned Halloween candy pop up every...Read More
Oct 17, 2019 Guest(s): Chris Berry China could restrict the supply the rare earth battery metals to retaliate against U.S. tariffs, this according to Chris Berry, president of House Mountain Partners. "Rare earths are somewhat unique in the sense that China effectively owns the entire supply chain. I think that in light of the trade war rhetoric going back and forth, which I don't see any end t...Read More
For silver, all roads probably lead to the $22-$25 area. For gold, all roads likely lead to $1600-$1800. There could be significant bumps in these roads, probably involving time more than price.2. Please [ https://gracelandupdates.com/wordpress/wp-content/uploads/2019/10/2019oct15si1.png | click here now ] . Double-click to enlarge this silver chart.3. Silver looks stronger than gold, but gold i...Read More
Oct 17, 2019 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures Macroeconomic data is weak across the board, but more gold prices are still lacking a major tailwind, said Phil Streible, Senior Market Strategist of RJO Futures. "We could quickly see things turn worse, we could see the equity markets break down fast. The macro picture, like I said, is terrible. It'd be interesting to...Read More
The London Metal Exchange three-month tin price closed up $275 per tonne at $17,150 per tonne on Thursday October 17 on news that China's Yunnan Tin Co will cease all smelting operations at its Ausmet plant in Gejiu, Yunnan province, on October 21. Yunnan Tin Co, the world's largest tin smelter, produced 78,000 tonnes of refined tin in 2018 and remains the world's largest refined tin producer by s...Read More
The London Metal Exchange three-month nickel price shed 1% from the previous day's close to trade at around $16,285 per tonne during the morning session on Thursday October 17, with the weakness coming despite further drawdowns leaving LME nickel stocks at 88,302 tonnes - the lowest since December 2012. "Nickel has started to fall, on the one hand reflecting the lack of buyers in the physical mark...Read More
The London Metal Exchange's cash-settled alumina futures contract, which is settled against a basket of prices that includes Fastmarkets' index, traded for the first time on Thursday October 17. Ten lots traded at $284 per tonne for November 2019. There were also two separate trades on the January 2020 contract at $294 per tonne for 10 lots each. The trades concluded between 8:18 and 8:23am London...Read More
Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) announces Q3 2019 gold production of 138,100 ounces, surpassing the prior quarterly production record established in Q2 2019 by 21%. During the third quarter, the Company sold 132,500 ounces of gold at an average realized price of $1,475 per ounce. After the first nine months of the year, Torex has sold 322,400 ounces of gold at an a...Read More
US and UK market indices closed lower while most Asian markets were positive yesterday.Copper staged a "modest pick-up" yesterday afternoon on the London Metal Exchange, to close down 0.7%.The move came amid reports of workers at Antofagasta's Antucoya mine in Chile set to strike, following a strike which began this week at Teck's Carmen de Andacollo mine and the Peruvian government declaring a st...Read More
Diamond production in Q3 grew by 24% quarter on quarter and 15% year on year to 12.1m carats, the company said Thursday. Alrosa attributed the quarter on quarter rise to "seasonally increased production at alluvial deposits". The year on year growth was down to start up at the V.Munskoye deposit in Q4 2018 and increased production at the Botuobinskaya pipe, it said.Sales excluding polished diamond...Read More
Having failed to win a referendum to amend the constitution in 2016, he turned to the courts he filled with friendly faces to win the right to run again.Read More
Here are five Fastmarkets MB stories you might have missed on Thursday October 17 that are worth another look.Alcoa has launched a multi-year review of its aluminium portfolio, placing roughly half of its global smelting capacity under scrutiny for potential curtailment or closure, the company said in an earnings call with investors on Wednesday October 16.Stronger demand from the energy sector an...Read More
- Avi GilburtWhile we have been tracking the metals market for the next rally set-up, we have seen some signs that the market may attempt to begin that rally sooner rather than later. However, I have to be honest in noting that I am seeing more signs that lower levels may still be struck before we are ready for that rally. So, as I have been saying for the last few weeks, I am going to stil...Read More
By: Ira EpsteinGold has support around $1,470 level. Daily gold chart is in a stall..Read More
By: Ira EpsteinGold weekly chart 18-Weekly MA near $1,469. Gold bias yesterday went to the downside. Under the 18 day moving average, 1474 area support..Read More