The US Dollar is poised to rally back to near $97.50 as this recent downside price swing ends. We believe the US/China trade talks and North Korea deal with result in a strong upside potential for the US Dollar and the US stock market as time progresses.A certain number of industry analysts are starting to announce the recent December 24th lows and subsequent rally as a “new bull marke...Read More
By: Daniel R. Amerman, CFA If there is a new recession in the next few years, then it is highly likely that the Federal Reserve will take extreme measures in response, with the primary response being to swiftly knock short term interest rates back down to zero percent.For many investors - the combination of recession, heavy-handed Fed interventions, and the return of zero percent interest rate...Read More
Chris Waltzek talks to Dr. Burton Malkiel, author of the investing classic, A Random Walk Down Wall Street Read More
By Avi GilburtThis is probably one of the biggest conundrums investors face in financial markets today. A major report may come out with a very positive bias, yet the market will move in the opposite direction. How many times have you seen this happen?Well, if you have any experience in the financial markets, then it has likely happened to you many times. But, most people simply shrug it off...Read More
By: IRA EPSTEINStock market having trouble. Gold starting to breakout to the downside. Gold = negative and in a downtrend, to negate this gold would need $1335.60:Read More
The live feed from Hanoi has been riveting. Trump and Kim appear to be getting along well. The President pats his counterpart on the back, the dictator smiles. They share a laugh as they walk through a garden. Kim's haircut looks oddly flattering. Everything seems to be going so nicely that one could almost forget that he has at times acted like a madman. As for Trump, he is his usual self, bu...Read More
Full Article: The Trade Deal: Great News For GoldBy: Stewart ThomsonThe biggest driver of major markets right now is the possibility of a US-China trade deal.On that note, please click here now . The US government's wild launch of tariff taxes caused global markets to swoon in the first half of 2018. Gold and the Chinese stock market were hurt more than a lot of other markets.Full Article: The...Read More
RAPAPORT... Dealers at the Hong Kong International Diamond, Gem & Pearl Show expressedconcerns about sluggish polished demand and an oversupply of goods in the wholesalesegment.Inventory moved slowly despite busy traffic at the fair, which began this week, people who attended the event toldRapaport News. "The mood looks OK, but conversion [to sales] still hasn'thappened," said Rahul...Read More
Slow start to Hong Kong show, but optimistic FarEast buyers are restocking inventory after Chinese New Year. Dealers hoping showwill stimulate better trading after sluggish Jan./Feb. Rough market cautious asprofit margins remain tight despite rough-price reductions at De Beers sight. Swiss lab SSEF launches GemTrack, linking polished torough colored stones. Michael Hill 1H sales -3% to $226M, prof...Read More
Sentiment weak as many dealers traveled to the HongKong show. Suppliers holding large volume of goods that are difficult to move.Steady demand for 1 ct., G-J, VS-I1 diamonds. 2 ct.+ slow.Manufacturers remain cautious as profitmargins continue to be squeezed and polished production remains relatively low. RoundRead More
RAPAPORT... Macy's and J.C. Penney noted strong sales in their jewelry divisions in the fourth fiscal quarter, even as overall results disappointed.Macy's also said it would implement a new strategy to focus on the category, as well as other products that mattered most to its customers. "[We plan to] invest in areas where the company already has strong market share to drive disproportionate g...Read More
The Antwerp-based IGC Group, one of the oldest diamond companies in the world, was inducted into the ALROSA ALLIANCE. In a statement, IGC Group said that its membership in the ALROSA ALLIANCE opens the way "to become a long-term client of ALROSA, the world leader in rough diamond mining. "We are delighted to enter the ALROSA ALLIANCE and partner with one of the world's largest diamond suppliers....Read More
Signet Jewelers, the parent company of jewelry chain stores Kay, Jared and Zales has offered eligible employees a Voluntary Transition Program (VTP), which "provides an opportunity for eligible team members to self-nominate and leave Signet with transition assistance." The company will be taking actions "to lower costs in real estate, merchandise and costs of goods, indirect spending, and r...Read More
RAPAPORT... Alrosa has unearthed a 98.8-carat, gem-quality diamondfrom its new Verkhne-Munskoye mine in Yakutia, it said Wednesday. The stone was retrieved from the Zapolyarnaya pipe, one offour kimberlites that are located at the site. It has a visible yellow shade, Alrosa noted. "This is the second major find since the launch of thedeposit last October," said Evgeny Agureev, director of the...Read More
World Diamond Council President Stephane Fischler addressed a special meeting of the United Nations' General Assembly's 73rd Session in New York regarding the role of diamonds in fueling conflict. Mr. Fischler spoke on behalf of the diamond and jewelry industries in the session entitled "From blood diamonds to peace diamonds: conflict prevention through the Kimberley Process," and specificall...Read More
Aim- and Botswana Stock Exchange-listed Botswana Diamonds on Thursday announced that the first phase of the intensification drilling programme at its Thorny River prospect, in South Africa, has been concluded. Eighteen holes have been drilled with 12 intersecting kimberlite, the company stated in a release, adding that a bulk sampling target of 1.5 km of kimberlite fissure intersection had be...Read More
RAPAPORT... The Rapaport Group has published a special report delvinginto the key issues around lab-grown diamonds.The supplement, "The Fight's Getting Real," contains highlights from the February 2019 issue of Rapaport Magazine, featuring an analysis of DeBeers' entry into the synthetics market, and a deep look at questions of pricingand marketing terminology.It also details how companies ar...Read More
RAPAPORT... Lucapa Diamond Company garnered $3.8 million from the saleof rough stones from its Mothae mine in Lesotho, with one stone going for $36,664 per carat. The miner sold 5,411 carats at tender in Antwerp, its first commercialsale of diamonds from the deposit. It recovered the stones in the fourthquarter of 2018, during the plant's ramp-up phase and in the first month ofcommercial mini...Read More
Eastern promise for PolarXSPONSOREDpolarxWater shortages at the copper-gold mine were among the impacts on the company's 2018 earnings, which Centerra revealed last week were about 50% lower than in 2017.Read More
Eastern promise for PolarXSPONSOREDpolarxThe obvious challenge for Australian-listed Xanadu is that it is exploring in Mongolia, a country with a reputation for making life difficult for foreign mining companies, as Rio Tinto has discoveredRead More