He whocontrols the gold makes the rules. That old adage applies aptly to the presentcrisis in Venezuela.Aninternational battle for control of Venezuela’s gold is currently underway. Atstake is the country’s political future – and with it, the global market forits immense oil reserves.In adesperate effort to cling to power, Venezuelan strongman Nicolas Maduro hasbeen depleting his...Read More
The new Alchemist is out. What can we learn from thelatest publication of the LBMA? We invite you to read our today’s article andfind out!OesterreichischeNationalbank (OenB) and GoldIn the previous edition of the Gold News Monitor, we havealready analyzed one article from the newest Alchemist about the gold outlookfor 2019. Today, we would like to return to the publication and examine therem...Read More
The Technical Traders Ltd. research team has been on top of nearly every move in the metals markets over the past 12+ months. On February 1, we posted this article: Get Ready For The Next Big Upside Leg In Metals/Miners. In this post, we suggested that the recent peak in Gold, near $1330, would likely end and prompt a downside price rotation over the next 45+ days.Subsequently, on Janu...Read More
By: Dave Kranzler"Our advice is to own as little exposure U.S. equity exposure as your career risk allows." - Martin Tarlie, member of portfolio allocation at Grantham, Mayo, Van Otterloo investment managementThe following is an excerpt from the latest Short Seller's Journal:Economy is worse than policy makers admit publicly - Less than four months ago, the FOMC issued a policy statement tha...Read More
Happy Year of the Pig! This week marks the start of China's Spring Festival, during which an estimated 3 billion trips will be made using the country's massive transportation network of roads and rail. That figure is a slight rise from the same period last year, despite slowing economic growth prompted by trade tensions with the U.S. and a strengthening dollar.Ctrip, China's largest online trave...Read More
Listen to the Podcast Audio: Click Here Mike Gleason: It is my privilege now to welcome Axel Merk President and Chief investment officer of Merk Investment and author of the book Sustainable Wealth. Axel is a well-known market commentator and money manager and is a highly sought-after guest at financial conferences and on news outlets throughout the world and it's always great to have him bac...Read More
By: Ira EpsteinMomentum is gold and silver point down but support should not be far away:Read More
Wednesday's asphyxiating tedium was a reminder that DaBoyz are in no rush to take stocks higher, especially if the short-covering needed to do so is absent. Usually, bear buying-binges are driven by "good" news. On this particular day, however, the headlines concerned a State of the Union speech that held little interest for Wall Street. Toss in the usual bilge concerning political bickering, Mu...Read More
Chemesis acquires IP, equipment for weed extraction2019-02-07 06:42 ET - News ReleaseMr. Edgar Montero reportsCHEMESIS INTERNATIONAL INC. ACQUIRES INTELLECTUAL PROPERTY FOR HIGH-QUALITY CANNABIS EXTRACTIONChemesis International Inc. has acquired intellectual property (IP) and the physical equipment for an extraction methodology to preserve all of the phytocannabinoids and terpenes from cannabis ut...Read More
Full Article: SWOT Analysis: Fastest Rate of Central Bank Gold Buying Since 1971By: Frank HolmesStrengthsThe best performing metal this week was gold, up 1.11 percent. Gold traders were bullish on the outlook for a 12th straight week and the most bullish in five weeks, according to the weekly Bloomberg survey. The yellow metal is up more than 2 percent for the year and is set for a fourth monthly...Read More
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Far East trading quiet during Chinese New Year.Market cautious due to weak demand, tight profitability and reduced bankcredit. Selective buyers creating shortages of excellent-cut (3X, none)diamonds, but prices of lower-quality goods softening due to excess supply. 1ct. RAPI -0.4% in Jan. Manufacturers maintaining low production as profitmargins are squeezed by high rough prices. Let??eng 4Q sales...Read More
Polished trading quiet. Foreign dealers in Mumbailooking for bargains. Relatively low amount of new merchandise available, asmanufacturers keep production down due to tight profits and sluggish demand.High gold prices weighing on jewelry retail sales. Jewelry wholesalers anddiamond dealers hoping for boost at next week's IIJS Signature show (Feb. 10 to13). RoundRead More
RAPAPORT... Two white lab-grown diamonds from De Beers' Lightbox brandhave G color and VS clarity, the Gemological Institute of America (GIA) saidafter examining the stones. Lightbox doesn't offer grading reports for its products, andhadn't previously publicized their specific quality characteristics. The GIAobtained the 0.24-carat and 0.26-carat polished stones from a "third-partyvendor," accordi...Read More
RAPAPORT... Gem Diamonds' sales slumped in the fourth quarter as theminer produced fewer valuable stones at its Let??eng mine. Proceeds fell 40% year on year to $41.7 million in the threemonths ending December 31, the miner said Thursday. While sales volume rose 5%to 33,140 carats, the average price dropped 43% to $1,259 per carat, reflecting"lower-quality recoveries" at the lucrative mine in...Read More
RAPAPORT... February is a crucial time for Canada's diamond mines.Located in the most remote region of the country's frozen Northwest Territories(NWT), Rio Tinto, Dominion Diamond Mines and De Beers have a two-month windowto connect their mining operations to the outside world. The winter ice road, officially known as the Tibbitt toContwoyto Winter Road (TCWR), opened on February 1, marking t...Read More
(IDEX Online) - Eli Avidar, CIBJO Vice President, has resigned his position at the World Jewellery Confederation, announcing that he plans to run for national political office during the parliamentary elections for the Israeli Knesset which will take place on April 9. "Five years ago I had the honor and the privilege to be invited to join the CIBJO Board of Directors by the President, Dr. G...Read More
(IDEX Online) - HRD Antwerp has graded what it says is the world's first ring that is entirely made from a lab-grown diamond made by Dutch Diamond Technologies (DD). 'Project D', DD's name for the ring, took a year to manufacture and was created in honor of the company's 10th anniversary, HRD said. "The ring was made from a large piece of a 155-carat rough CVD lab-grown diamond whic...Read More
(IDEX Online) - Gem Diamonds reported an average price of US$2,131 per carat for 2018, up 10% from US$1,930 per carat in 2017. The company said that demand and prices for its large, high-quality white rough diamonds from its Let??eng mine in Lesotho have remained firm. Following the end of the end of its fourth quarter on December 31, strong pricing was achieved at its first tender o...Read More
Relatively stable carat recovery and sales contributed to a strong performance for LSE-listed Gem Diamonds in the fourth quarter ended December 31.Gem on Thursday reported that it had recovered three diamonds larger than 100 ct at its Letšeng mine, in Lesotho, during the quarter, taking the number of diamonds larger than 100 ct recovered during 2018 to 15 – a record for the company.A...Read More