The big picture fundamentals for precious metals have been trending more bullish in recent months as expectations for the Federal Reserve went from a few rate hikes in 2019 to an expectation of a rate cut within the next 12 months. That is aligned with the peak in the 2-year yield and growing concerns over slowing growth globally. However, that doesn’t preclude a temporary improvement in the...Read More
By Adam Taggart"We are on the precipice of the greatest retirement crisis in the history of the world. And that makes perfect sense because, first of all, we have the largest elderly population in the history of the world.Just focusing on the United States: our elderly are woefully unprepared to retire. And in the decades to come we will witness millions of elderly American's, Baby Boomers and...Read More
By: Keith Weiner, Monetary MetalsLast week, we wrote that regulations, taxes, environmental compliance, and fear of lawsuits forces companies to put useless ingredients into their products. We said:"For example, milk comes from the ingredients of: land, cows, ranch labor, dairy labor, dairy capital equipment, distribution labor, distribution capital, and consumable containers."There are eight n...Read More
By: Jordan Roy-Byrne CMT, MFTA The big picture fundamentals for precious metals have been trending more bullish in recent months as expectations for the Federal Reserve went from a few rate hikes in 2019 to an expectation of a rate cut within the next 12 months. That is aligned with the peak in the 2-year yield and growing concerns over slowing growth globally.However, that doesn't preclude a te...Read More
When the S&Ps took a bold leap on December 26 after plummeting 500 points earlier in the month, few could have imagined what would happen next. It were as though, missing an arm and a leg, a soldier had vaulted from a trench in the heat of the Battle of the Somme and shouted "Vive la France!" In the movie, the soldier is dead before he stumbles and hits the ground. But on Wall Street, U.S. stock...Read More
1. Global stock and bond markets continue to be driven by the macros of a possible trade deal, accommodative central banks, weaker earnings, continued stock buybacks, and rising government debt.2. Gold is driven by these same macros, but it has the additional price driver of seasonal Chindian physical market demand.3. It's currently the soft season for physical demand, but the r...Read More
By: Dave KranzlerLiterally, the wheels are coming off. Panasonic, which supplies batteries that it manufactures for Tesla at the Gigafactory in Nevada announced that it was cutting back on its plans to expand production capacity at the plant. It also announced that it was suspending plans to produce batteries at Tesla's planned Shanghai Gigafactory. In an article in a Japanese business publicat...Read More
By: Ira EpsteinGold trading into a market downtrend, oversold but $1,280 level in play...Read More
Gold and silver are still not out of the bear shadow. If they fall today, then they will crash. India is closed tomorrow. In India this is the biggest holiday week of the year. If Indian gold prices fall, then jewelers will have the best sale of the current year. A hopefully good jewelry sale will result higher Indian gold demand next week. Day traders need to remain on the sidelines today. Tr...Read More
India has accounted for much of the global demand for silver. Matt explains the significance...by Matt from Silver Fortune via Silver FortuneUnderstanding just how much silver demand India accounted for last year drives home the point of their importance to the silver market. Read More
RAPAPORT... The American Gem Society (AGS) has given Arkansas jeweler Kelly Newton its Robert M. Shipley award for his contributions to the industryand service to the organization. The third-generation owner and president of Newton'sJewelers has been a member of AGS for 25 years, and has served on its board ofdirectors since 2010. He has been a chair of the organization's membershipcommittee...Read More
RAPAPORT... New Art Cima will become the first Japanese retailer to usethe Sarine Diamond Journey software to sell jewelry to its customers. The platform presents a report of all the steps a diamondtakes from its rough origin to the polished product. It also comes with a three-dimensionalmodel of the original uncut stone that a customer can see and touch, Sarinesaid this week. "Each diamond...Read More
RAPAPORT... Diamond production at Rio Tinto dropped 18% year on year inthe first quarter of 2019, as the miner recovered lower-grade ore at its twodeposits. Production came to 3.8 million carats for the three monthsending March 31, the company said Tuesday. The Argyle mine in Australia yielded2.8 million carats, a 22% decrease compared to the same period last year. Thedecline was due to the p...Read More
RAPAPORT... Swiss luxury watchmaker Breitling will not return toBaselworld in 2020, and will instead focus on marketing through its ownplatform.Although the watch and jewelry exhibition proved successfulfor the company this year, the fair's new schedule, which will begin next year,clashed with Breitling's. "The decisive factor is the timing of Baselworld at the endof April, which cannot be re...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.As Indonesia heads for the polls on 17 April, Wood Mackenzie's research director Andrew Harwood provides the following commentary:"We predict that President Jokowi will once again defeat his 2014 opponent, Prabowo Subianto, and secure...Read More
Petra Diamonds published a report for the first quarter of the year. The company produced 924,228 carats, compared to 992,315 carats in the first quarter of 2018, reflecting the increased production at the Cullinan, Koffiefontein and Williamson mines, but offset by a lower production at the Finsch mine. With the expansion of operations at the Cullinan mine, across the so-called C-Cut footprint, t...Read More
This year, National Jeweler honored two single-store independent jewelers along with one multi-store independent. The 2019 inductees are Cathy Calhoun of Calhoun Jewelers, Julia and David Gardner of David Gardner's Jewelers & Gemologists, and Judy and Steve Padis of Padis Jewelry. "We are thrilled to welcome five jewelers into the National Jeweler Retailer Hall of Fame this year. We thi...Read More
ImaGem Inc. launched Varna-D, a portable device for color grading polished diamonds. Weighing only half a pound and about the size of a weighing scale, Varna-D was designed and built with the members of the diamond trade in mind, as they require accessible and easy to handle tools for accurate and repeatable grading of loose diamonds. The company said its color grading technology was developed and...Read More
For the third time in a row, the Antwerp World Diamond Centre (AWDC) and the University of Antwerp (UA) will organize the Antwerp Summer University. Spanning two weeks at the end of August - early September, the academic program, is intended for an international group of masters and PhD students, graduates, researchers and (young) professionals from in- and outside the diamond industry. The...Read More
Sarine Technologies Ltd announced that New Art Cima Ltd. is the first retail chain in Japan to implement the Sarine Diamond Journey solution as a center piece of its new customer experience. The Sarine Diamond Journey solution vividly showcases a diamond's transformation from its rough origin to its polished form. The solution includes a three-dimensional model of the original rough stone th...Read More