With the UUP ( US Dollar ETF) having a fairly large decline today lets update a few charts to see how they’ve been progressing. Back in August of last year the UUP began to build out a rising wedge formation with today’s price action completing the fourth reversal point when the UUP traded down to the bottom trendline. Sometimes when a stock fails to touch the top rail in a well define...Read More
Metal investors will be paying attention to how out of favor silver is relative to gold. And it is hard to wonder why with the well forecast boom of electric cars expected over the next 10 years. Who owns all the silver? JM Bullion has a series of charts here. Notice the stock pile held by JPM. They will do will if silver gets to $30 USD an once!Chart up to April 2017 As of the 20th of March...Read More
Our research team, at Technical Traders Ltd., believes Gold will continue to base below $1320 for at least another 3~5 weeks before setting up a momentum price base. Our research suggests general weakness in the US stock market over the next few weeks/months as a Head-n-Shoulders pattern unfolds. Interestingly enough, our research also suggests Gold may continue to base below $1320 (li...Read More
With the UUP ( US Dollar ETF) having a fairly large decline today lets update a few charts to see how they've been progressing. Back in August of last year the UUP began to build out a rising wedge formation with today's price action completing the fourth reversal point when the UUP traded down to the bottom trendline. Sometimes when a stock fails to touch the top rail in a well defined pattern...Read More
By: IRA EPSTEINGold over the 18-DMA on settlement, upper Bollinger band around $1,330 and falling. Momentum is not overbought..Read More
Charles Nenner & Chris Waltzek Ph.D. - March 20th, 2019.** * Mp3 file.HighlightsHailing from sunny Miami Florida, home of the exotic Miami beach,Charles Nenner rejoins the show. Our guest outlines proprietary market model entries / exits including gold that could eventually ascend to $2,500 Adding support for the bullish case for PMs / commodities, the Euro could remain strong relative to...Read More
Jewelry has been an integral aspect of human civilization for centuries, but it was the discovery and subsequent spread of precious metals and gemstones which really changed the game.In today's infographic from Men?", we visualize how the uses and symbolism of jewelry have evolved across time and space to become the industry we're familiar with today.Antique, Yet AgelessThere isn't a single co...Read More
By Daniel R. Amerman, CFAIn a previous analysis we examined how to create a 21% yield, as the incidental byproduct of the Fed's plans for the cyclical containment of recession.In this analysis, we will deepen that examination and visually illustrate the financial mathematics that would create a potential 48% yield from what the Federal Reserve plans to do in the event of another recession.This a...Read More
The Fed's tightening campaign, which was supposed to restore a semblance of monetary normalcy, after a decade of extraordinary stimulus, is officially over. The curtain came down far earlier than just about anyone in the mainstream had predicted. Given that the Fed's sounded the retreat before any real blood was shed, should put into question whether they will ever be able to stand tough again....Read More
Stocks whoopee-cushioned on word from the Fed that tightening is unlikely for the remainder of the year. "Interest rate increases could be on hold indefinitely," Powell said. "It may be some time before the outlook for jobs and inflation calls clearly for a change in policy." Although the stock market's obligatory headless-chicken dance ended with the broad averages largely unchanged, it's surpr...Read More
COLORADO SPRINGS, March 20, 2019 (GLOBE NEWSWIRE) Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the successful power line connection of its El Aguila Project in Oaxaca, Mexico to the Federal Electricity Commission's (Comisi?n Federal de Electricidad or CFE) power grid. Prior to this connection, the Aguila Project operated 100% from electricity generated fro...Read More
Where do things stand with the CFTC/DOJ "investigations" and "cases" of gold & silver market manipulation? Here's an update on where things stand...Blip.On the radar.Let's keep it like that.Because this plane ain't landed.And people want to see it on the ground.But planes seem to be dropping like flies lately.Back in November, 2018, a JP Morgan trader pleaded guilty.He pleaded guilty to charges of...Read More
"At some point, Americans will become aware of the monetary properties of gold and silver. However, when they finally do, domestic silver..."by Steve St. Angelo of SRSrocco ReportWith the latest release by the USGS, silver production in the U.S. is now the lowest in more than 70 years. We have to go all the way back until the year after World War II ended to see U.S. silver production less tha...Read More
"Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday," Alrosa's CEO, Sergey Ivanov, said to Reuters "Of course we'll only be ready to participate in projects in cases where we can have management control and operational control of the assets...Read More
The Southern Times of Africa reported that Botswana expects mineral revenue for the 2019/20 fiscal year to drop due to a decline in royalty dividends. Eric Molale, Botswana's minister of mineral resources wrote in a paper he presented to the Batswana parliament "that global diamond demand was showing signs of slowing down." Molale reported that retail jewelry sales had dropped during the las...Read More
Mining equipment manufacturer and supplier Becker Mining South Africa’s short turnaround time for the manufacturing of rope attachments provides the company with a competitive edge to take on large projects in the local mining sector, Becker Mining SA capital senior GM Tom Searle tells Mining Weekly.The company received an order for the manufacture and supply of rope attachments for an under...Read More
Graff Diamonds will be showcasing no less than three luxury watches, all set with fancy vivid yellow diamonds at BaselWorld 2019. The "Round Graff Fancy Vivid Yellow Diamond watch" is set with 211 diamonds weighing 59.25 carats. The "Graff Fancy Vivid Yellow Diamond Watch" has an oval dial. The second piece is set with 60 diamonds weighing 25.85 carats. The third yellow diamond watch will only be...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has reported a 90% increase in its diamond resource carats at its Lulo operation, in Angola, on the back of an independent valuation.The company on Thursday told shareholders that external consultants Z Star Mineral Resource Consultants has estimated that the in-situ resource at Lulo stood at 80 400 carats.AdvertisementThis reso...Read More
Luxury Daily is organizing the third annual Women in Luxury 2019 conference, to be held Thursday, May 9 at the UBS Building, 1285 Avenue of the Americas, New York. Under the header of Empowered Affluence, the event "is designed to reflect the expertise and smarts of women leaders in the luxury business." The topics under discussion include: ?EUR? An indepth examination of the emerging w...Read More
Reuters reported that the precious metal palladium had passed the 1.600 per ounce mark for the first time in history this week. The significant leap in value came in the wake of the news that Russia is planning to ban the export of precious metals scrap. fuelled concerns over an already supply-constrained market. "There have been rumours that Russia would restrict exports of some scrap mate...Read More