Super Wednesday is behind us! The masters of monetary policy have revealed their cards. The Fed released the fresh minutes, the ECB held its monetary policy meeting, while the Brexit was postponed again. How will all these play out in the gold market?Minutes Show Patience among the FOMC MembersThe minutes from the pivotal FOMC meeting show that the Fed saw the first-quarter economic slowdown as tr...Read More
Gold is often criticized by Wall Street as being kind of a useless investment.Institutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts. An investment has to produce a growing revenue stream - if it doesn’t grow it doesn’t compound. Gold is rejected as an investment because it doesn’t produce sprouts, meani...Read More
Highlights The head of Armstrong Economics, Martin Armstrong rejoins the show in Part II of the discussion.The dialogue includes an overview of the Presidential Cycle and US stock market performance. Stock indexes could climb to record highs if history acts as a guide amid fresh foreign capital inflows.Global investors seek out the key shares with big media exposure, such as the Dow 30 component...Read More
By: Gary TanashianFrom a post on gold and silver on Tuesday...Very simply, if it's an H&S it's a minor one with a target to the SMA 200 or short-term lateral support. Gold has curled back up to test the underside of its SMA 50. A takeout of 1310 and then the March high could put yeller back in business. Otherwise, don't personalize it. A test of the SMA 200 would be normal.The H&S was not my...Read More
Vancouver, BC / CNW Group - Cision / April 11, 2019 / Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has reported the first quarter 2019 operational results for the joint venture's Chinchillas silver-lead-zinc mine in Argentina."In the fi...Read More
By: Ira EpsteinWeekly gold chart shows $1295 area support. 100 DMA also support, $1,285. Resistance $1327.7Read More
Are these guys good, or what! On Wednesday, with Boeing shares getting clobbered, DaBoyz somehow managed to close the Dow six points higher on the day. That may not sound impressive, but considering that Boeing is by far the most heavily weighted stock in the Industrial Average, the feat was akin to getting a 747 Dreamlifter airborne with two engines out and a half-dozen Abrams battle tanks in...Read More
Brexit deal has been postponed till 31st October with a review in June. Brexit news will not affect pound for two months. Indonesia and India election trend will be closely watched over the next two months. Australian elections on 18th May will have a zero effect on global currency markets. USA-China have agreed to open enforcement offices on each side for the trade deal. I believe that the USA-...Read More
Sentiment weak, with Indian cutters lacking liquidity.Steady demand for 1 ct. diamonds supporting the market. Low manufacturingprofits placing pressure on under-0.50 ct. sector. Rough prices stable at DeBeers sight, with April sales +10% to $575M. Trade expecting shortages, as DeBeers plans to reduce supply to sightholders in new sales period. Alrosa Marchsales -33% to $377M. Graff unveils world's...Read More
Polished demand sluggishdue to tight liquidity. Few overseas buyers in the market. Melee underpressure, especially for VVS qualities, with SI-I1 moving better. Dealers avoidinginventory purchases, instead showing specific demand for select categories. Limitedavailability of SI clarities as manufacturers decrease production. Jewelry sectorsubdued. RoundRead More
RAPAPORT... Michael Hill's sales fell 0.8% in its third fiscal quarter,even as strategic changes drove an improvement in March, the company said. Group revenue slipped to AUD 117.6 million ($84.2 million)in the three months ending March 31, the jeweler reported Wednesday. During thefirst two months of the period, the company was in a transition period as it shifted to a new marketing strategy...Read More
RAPAPORT... Watch the third installment of our video blog from the American Gem Society's annual Conclave in Seattle, Washington. Avi Krawitz, Rapaport News Editor andSenior Analyst, discusses what's unique about the event, and what he learned during the three days. Plus, after sitting down with De Beers' Lightbox team, Avi has some thoughts about the lab-grown market.Day 3Day 2Day 1Thumbnail...Read More
RAPAPORT... The original manuscript that brokered the cutting of the3,106-carat Cullinan diamond to create the Crown Jewels of Great Britain isgoing under the hammer at Bonhams. The sale includes the documents the representatives of KingEdward VII and London diamond brokers M.J. Levy & Nephews signed in January1908. A paste replica of the Cullinan diamond in its original rough form, aswel...Read More
RAPAPORT... LVMH Mo?<
RAPAPORT... Sales at Alrosa fell 33% year on year to $377.1 million inMarch, even as the rough market picked up after a weak start to the year. Rough-diamond proceeds were $369.2 million for the month, also 33% lower thanthe figure the miner reported a year ago. Polished revenue dropped 12% to $8million. However, overall demand has improved versus February, with total salesup 9% month o...Read More
Signet published its Corporate Social Responsibility (CSR) Report for 2018. The report benchmarks Signet's global CSR programs. Some of the highlights from Signet's report include: Signet was the only jewelry retailer selected for the 2019 Bloomberg Gender Equality Index; More than 11,000 Signet team members certified as experts in gemology;An impressive 74 percent of Signet's field leadersh...Read More
The Israel Diamond Exchange announced that the next Israel Diamond Week in Israel (IDWI) is scheduled for February 10 - 12, 2020. This year's show attracted more than 350 foreign buyers from over 30 countries, one-third of whom were first-time visitors to the Israel diamond exchange buildings. Some 150 Israeli firms exhibited polished diamonds, with dozens of additional companies offering hig...Read More
SGL, a London-headquartered diamond grading laboratory, opened a new laboratory in New York City, with premises in the International Gem Tower on 47th Street in Manhattan's diamond district. The New York lab is the company's 16th location, with branches in India, Saudi Arabia, the United Arab Emirates and the United Kingdom. According to an SGL news release, all of the company's laborato...Read More
Multinational jeweller Graff has cut the largest square emerald cut diamond in the world, which ranks as the largest high-colour, highest clarity diamond ever graded by the Gemological Institute of America.Dubbed the Graff Lesedi La Rona, the diamond weighs in at 302.37 ct, and is a top D-colour. It was cut and polished from the principal 1 109 ct Lesedi La Rona rough diamond, which was recovered...Read More
Alrosa sold $377.1 million of rough and polished diamonds in March. Rough diamond sales grew to $369.2 million, against $340.6 million in February 2019, with polished diamond sales increasing to $8 million, against $5 million a month earlier. Sales in the first quarter of the year amounted to $1,004 million - $987.9 million of rough and $16.3 million of polished goods. "The market is gradually sta...Read More