Dear Friend of GATA and Gold:While the law firm superintending the Canadian class-action lawsuit against gold and silver market rigging doesn't seem interested in communicating to the public about the case, GATA is reliably informed that the settlement agreement with Deutsche Bank reported today --http://www.gata.org/node/18857-- is not the end of the case.The lawsuit continues against eight oth...Read More
USA is coercing every nation not to use Huawei5G or any of Huawei telecom gear. USA is now using the threat of trade sanctions on nations using or intend to use Huawei telecom gear. This will be short term bullish for US dollar but in the long term it will sink the US dollar. I will prefer to accumulate more and more physical gold on dips. Better to increase portfolio allocation to hard assets n...Read More
RAPAPORT... Kering recorded robust sales in its jewelry-and-watchdivision in 2018, amid growing demand for its products in Asia.Jewelry sales rose 7% to EUR 18 billion ($20.33 billion) at the French luxury group, which owns Boucheron, Pomellato and Qeelin. Timepiece sales remained solid, it added."The jewelry houses turned in a solid performance, and sales of the watches brands advanced for t...Read More
RAPAPORT... US consumers plan to spend $20.7 billion on gifts this Valentine'sDay, with jewelry topping the list at $3.9 billion, according to the National Retail Federation (NRF). An NRF survey showed a 6%rise in the amount consumers intended to lay out on their loved ones over Valentine's Day. The growth comes despite a decrease in the number of consumerscelebrating the holiday this year, t...Read More
RAPAPORT... Firestone Diamonds has unearthed a 70-carat white rough stone fromits Liqhobong mine in Lesotho. "The 70-carat stone was recovered in the northern, low-gradepart of the pit, where the bulk of our mining will take place in the comingmonths," Firestone CEO Paul Bosma said Tuesday. The stone - which was removed undamaged - follows the miner'sdiscovery of a 46-carat white diamond in...Read More
RAPAPORT... Alrosa's sales fell in January amid market weakness, the miner said Tuesday. Proceeds decreased 44% year on year to $281.5 million.Rough-diamond sales dropped by the same percentage to $278.2 million, while polished revenue slid38% to $3.4 million, according to Rapaport calculations. "In January, market activity was lower than usual," said Alrosa deputy CEO Yury Okoemov. "Sales i...Read More
RAPAPORT... The World Federation of Diamond Bourses (WFDB) has agreed tohelp promote business for the Korea Diamond Exchange (KDE). The trade bodies signed a cooperation agreement inJohannesburg, South Africa, last week, with the WFDB committing to assist thebourse in lobbying the South Korean government on matters relating to thediamond trade. The trade bodies will work together to build up...Read More
(IDEX Online) - The Indian Diamond & Colorstone Association, an association of jewelers, diamantaires and colored stone dealers, hosted its 35th Annual Tucson Gala on February 7. IDCA President Nilesh Sheth reminded his audience that the diamond, gem and jewelry industry had faced many disruptive changes, but that that the key challenge is to adapt and work around these changes. "Our I...Read More
(IDEX Online) - Recent research has indicated that the slowing Chinese economy has not stopped consumers from buying luxury items. However, instead of spending their money in boutiques overseas, consumers are increasingly buying their luxury goods in shopping malls at home. LVMH, which markets brands such as Louis Vuitton and Hennessy, registered higher sales in China in the fourth...Read More
(IDEX Online) - Piers Pigou, a political analyst and senior consultant at the International Crisis Group (ICG), argues that Zimbabwe still has a long way to go towards fostering transparency in its opaque diamond sector. "Good governance in the diamond sector, which includes tangible progress towards improved transparency and accountability, remains a key litmus test of the Zimbabwean gove...Read More
Aim-listed Firestone Diamond has recovered a 70 ct white, makeable diamond from its Liqhobong mine, in Lesotho.CEO Paul Bosma said on Tuesday that the 70 ct stone was recovered in the northern, low grade part of the pit where the bulk of Firestone’s mining would take place in the coming months.Advertisement“Although the market for the smaller stones has been under pressure, we’ve...Read More
(IDEX Online) - At a Global Diamond Roundtable held earlier this month during the Investing in Africa Mining Indaba, participants discussed the fall in prices of lower quality, cheaper diamonds and indicated that if this situation is to continue, the so-called diamond juniors may not survive the onslaught, unless there is a positive turnaround in the market. Firestone Diamonds CEO Paul Bosm...Read More
China’s...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s publish...Read More
New Year rebound momentum may have...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More
Aluminium The LME three-month aluminium price continued to...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus dow...Read More
Copper on the rise but still...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as i...Read More
SNC said it was in a dispute with a client over a mining project in Latin America, and while the company did not name the client, it is widely believed to be Codelco where SNC obtained engineering,Read More
Stock falls continue despite low...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
The production record was driven by increased production from the BHP operated Escondida mine that increased its production 34% to a record 1.2Mt.Meanwhile, state copper company Codelco produced 1.7Mt, its lowest output since 2014.Chile is the world's largest producer of copper and increased its market share to 27.7% of global production in 2018 from 26.7% in 2017.The production of copper concentr...Read More
Nickel prices caught the electric vehicles (EV) bug...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the la...Read More