By Avi GilburtRecently, one of my members was in attendance at the 32nd Economic Outlook Symposium hosted by the Federal Reserve Bank of Chicago. On the first day, he sat in a room with 150 economists. When asked how many see a recession in 2019, all of two hands went up.So, let me ask you a question: When was the last time the majority of economists correctly called for a recession? (I think...Read More

Lots and lots of US economic data releases are there today and till 14th December. Most traders believe that the trend of metals and the US dollar Index will be set after the release of US nonfarm payrolls tomorrow. I do not think so. Next week also there can be trend changing US economic data releases like retail sales and GDP numbers. Physical demand of silver is there in India and Asia. But q...Read More

Bix says the DERIVATIVES IMPLOSION pin is getting pulled NOW! Bix says IT'S HAPPENING. Here's a critical update on this creative destruction event...by Bix Weir from Road to RootaHang on tight! Deutsche Bank is the lynch pin of the Derivative Implosion and that lynch pin is getting pulled NOW! Noble Group just failed and was DB's counter party to MASSIVE SILVER DERIVATIVES! Read More

Market focused on jewelry retail as Christmas approaches. Brandstargeting female self-purchasers and enhancing omni-channel platforms to drivegrowth. Diamond market stable. November 1 ct. RAPI +0.6%, supported by USholiday demand and preparations for Chinese New Year. Rough trading cautious asmanufacturing profit is tight and inventory high, despite seasonal demand.Signet Jewelers 3Q sales +3% to...Read More

RAPAPORT... Production of lab-grown polished diamonds could grow to 17 million carats annually, taking a significant chunk of the market for small stones, according to Bain & Company. The synthetics industry currently has the capacity to produce about 2 million carats of gem-quality, lab-grown polished per year, the majority of which is under 0.18 carats, Bain estimated in its 2018 Global...Read More

Market improving, with noted presence of Chineseand Israeli dealers looking for goods. SI3-I1 clarities moving better. Buyerspushing for higher discounts and prepared to wait for the right price.Manufacturers operating at reduced capacity, and rough trading restrained aheadof De Beers sight. Local jewelry market stable during ongoing wedding season. RoundRead More

(IDEX Online) - A ring made by Bulgari and set with fancy vivid blue diamond weighing 8.08 carats was sold for $18,312,500 at Christie's New York Magnificent Jewels auction.   The auction generated sales of $69,225,750, with 95% of items sold by value and 83% by lot. Christie's said the blue diamond was among the finest such stones ever to have come to market.   Sale highlights also incl...Read More

RAPAPORT... Signet Jewelers' shares slumped 14% in early trading Thursday after the retailer reported a deeper loss, even as sales grew.The retailer's net loss intensified to $38.1 million from $12.1 million a year ago due to higher expenses and the absence of interest income from its prime credit program, which it sold for $960 million in October 2017. Same-store sales rose 1.6% in the third...Read More

(IDEX Online) - Zimbabwe is to allow two additional private firms to explore and mine for diamonds, according to Mines Minister Winston Chitando. He did not name the new companies.   There are currently two firms operating in the sector.     Chitando said the government's new diamond policy would allow for two more private companies to explore and mine diamonds, and that a...Read More

RAPAPORT... In the era of fake news and synthetic diamonds, it was a matter of time before the two would meet. They did so recently in the form of editorials in the South China Morning Post (SCMP) and on the Russia Today (RT) TV channel, which took some cheap shots at the diamond trade. The ill-informed pieces highlight some still-prevalent misconceptions about the industry's ethical practices. Th...Read More

RAPAPORT... A ring made entirely from lab-grown diamond sold for$256,250 at Sotheby's on Wednesday, beating its presale estimate. The ring doesn't exist yet and doesn't have a fixed caratweight, as Diamond Foundry, its manufacturer, will craft the piece to fit thewearer. It will contain no metal and is the creation of Apple chief design officer SirJony Ive and industrial designer Mark Newson....Read More

(IDEX Online) - 'Conservation', the first video in the Diamond Empowerment Fund (D.E.F)'s new Real Stories, Real Diamonds, Real Impact campaign targeting Millennials, has garnered 11 million impressions in the first month alone, the organization said.   The one-minute video, which appears on both the Diamonds Do Good website and on YouTube, garnered 7 million views of at least 30 seconds, an...Read More

RAPAPORT... A 24.31-carat diamond ring fetched $2.4 million at a Bonhams auction in London onWednesday. The step-cut, D-color, internally flawless piece sold for$98,194 per carat, beating its presale estimate of $1.7 million to $2.3million, the UK company said. "This magnificent gem was greatly admired during our previewsin London, New York, Los Angeles and Hong Kong," said Emily Barber, UK...Read More

RAPAPORT... A Bulgari diamond ring surpassed its estimate at Christie's inNew York on Wednesday, bringing in more than $18 million. The cushion-cut, 8.08-carat, fancy-vivid-blue piece was the event'stop seller at $18.3 million, beating its presale estimate of $13 million to $18million. It completes a mixed week for colored-diamond sales after a 10.62-carat,fancy-vivid-blue diamond - estimated...Read More

Three-month base metals prices on the London Metal Exchange were weaker on the morning of Thursday December 6, with the complex down by an average of 0.9%. Continued weakness in equities, bond yields and increased trade tensions between the United States and China seem to be weighing on sentiment. Three-month zinc and nickel prices led the declines with drops of 1.3% and 1.2% respectively, wh...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 39 points in pre-opening trade. Index futures are responding to the arrest in Canada of Huawei's Chief Financial Officer in response to a request by U.S. officials. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for the U.S. October trade deficit was $55 billion. Ac...Read More

PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe company filed a miscellaneous licence application on November 22 for the road, which stretches several hundred kilometres inland to its exploration licence.The application includes ...Read More

When I was a young boy in elementary school, my rich dad was already putting ideas in my head about the differences between the rich, the poor, and the middle class.My rich dad would say, "If you want job security, follow your dad's advice" - my real father - "if you want to be rich, you need to follow my advice."Rich dad then went on to show me the difference between his investment plan and my da...Read More

Desperate times call for desperate measures.That is the justification for Canada’s most right-wing Province abandoning free market capitalism this week.On Sunday, the Alberta Government announced that it will be enforcing a mandatory production cut of 8.7 percent for all oil producers operating in the province.There is an exclusion for the really small operators, many of whom could be bankru...Read More

ELKO, Nevada, December 6, 2018 /PRNewswire/ --- U.S. Gold Corp. is approaching completion of a 6-hole, target-test, reverse circulation drilling program of approximately 10,000 feet (approx. 3,500m) - The drill program is testing a number of important target localities that were previously inaccessible because of permitting limitations - Drill samples are being sent to Bureau V...Read More