By Keith WeinerSo this happened: Republic Metals, a gold refiner, filed bankruptcy on November 2. The company had found a discrepancy in its inventory of around $90 million, while preparing its financial statements.We are not going to point the Finger of Blame at Republic or its management, as we do not know if this was honest error or theft. If it was theft, then we would not expect it to be a...Read More
People say that speech is silver, silence is golden. Well, not always. The recent FOMC monetary policy statement is the best example. Lets' read out today's article and find out why. Nothing Changes in November On Thursday, the FOMC published the monetary policy statement from its latest meeting that took place on November 7-8. In line with the expectations, the US central bank kept the federa...Read More
My Two CentsBy Andy Sutton / Graham Mehl In what has already been a very interesting week, we've witnessed distractions galore. Allegations of election fraud by pretty much everyone except the people who should be winning some of these elections if Americans truly wanted a different future. We already digress. Cognitive dissonance is fully on display. Just below the surface has been the buzz ab...Read More
Based the last few days' headlines you'd never know the world is in year 10 of a pretty good expansion. Check this out:Not terrified of a recession? These stocks hint you should be Cyclical commodities continue to weaken, gold moves in relation Italian banks on verge of new crisis on EUR400 million hole at Banca Carige China rate-cut chatter becomes louder as growth risks gather "iPhone story is...Read More
By Frank HolmesCelebrated value investor Benjamin Graham, who mentored a young Warren Buffett, liked to say that the market is a voting machine in the short term, a weighing machine in the long term. Last week the market voted to reward stocks in the aftermath of the midterm elections, which gave Democrats control of the House and left the Senate in the hands of Republicans. This all but guarant...Read More
Collapse of global stock markets can result in all metals and energies falling. Reason: Liquidity. Nervous investors will prefer to sit on cash. The continuous zoom up and nosedive pattern of global stock markets and currency markets will prevent retail investors from investing as well as trading. They will just use sharp rises to exit their investment and nothing else. Physical buyers of gold...Read More
CloseGain/LossGold $1201.70+$0.20Silver$13.99-$0.02XAU61.84-1.30%HUI138.45-1.34%GDM513.82-1.10%JSE Gold1083.54-12.56USD97.19-0.40Euro112.89+0.68Yen87.86-0.11Oil$55.69-$4.2410-Year3.140%-0.044T-Bond138.625+0.15625Dow25286.49-0.40%Nasdaq7200.87UNCHS&P2722.18-0.15% The Metals: Gold saw decent gains in Asia before it dropped back to $1196.40 in London, but it then chopped bac...Read More
Full Article: THE ROSEN MARKET TIMING LETTERBy: Ronald L RosenThe Rosen Market Timing LetterFull Article: THE ROSEN MARKET TIMING LETTERBy: Ronald L RosenDisclaimer (C) 2010 Junior Gold Report and TechMoney360Junior Gold Report and TechMoney360 Newsletter: Junior Gold Report's and Tech Money 360's Newsletter is published as a copyright publication of Junior Gold Report (JGR) and TechMoney360 (T...Read More
In the midterm elections that took place on Tuesday, November 6th, 2018, Democrats took control of the House of Representatives while Republicans expanded their majority in the Senate.While this outcome was to be expected, the financial impact of the midterm elections has been less clear.Stocks initially rallied following the election only to sink on Friday. What do the experts have to say about...Read More
Peter KrauthA renewed surge in strength for the U.S. dollar sunk gold prices over the past week, but we're about to enter gold's strongest season of the year.As the U.S. Dollar Index (DXY) made a renewed run to about 97.50, stocks and commodities suffered the consequences.It seems the White House is being pressured by big business to finally cut a deal with China, which U.S. President Donald Trump...Read More
Back with a critical update on the current state of the silver market rigging and manipulation, including the CFTC's silence on the matter, here's Bix...by Bix Weir from Road to RootaThe CFTC just bragged about cracking down on Crypto Market Spoofing while staying SILENT on Silver Market Spoofing!! Read More
RAPAPORT... Civil-society groups have lashed out at the diamond trade over its apparent leniency in preventing human-rights abuses from tainting the supply chain. The recent update to the World Diamond Council's (WDC) System of Warranties falls short of international standards for responsible company behavior, including by stating that respect for human rights by companies is voluntary, five...Read More
RAPAPORT... Shares in Titan Company rose after the retailer reported growthin revenue and profit in the second fiscal quarter. Sales jumped 28% to INR 45.95 billion ($630.2 million) inthe three months ending September 30, while profit climbed 8% to INR 3.01billion ($41.3 million), the Indian company said last week. Jewelry sales grew29% to INR 35.8236.45billion ($491.3499.9million) during the...Read More
RAPAPORT... Fellows sold a 14-carat diamond ring for more thandouble its estimate following a bidding war at its auction in Birmingham, UK,last week. The emerald-cut, 13.86-carat, H-color, VS2-clarity stone fetchedGBP 310,500 ($399,680) against a presale estimate of GBP 100,000 to GBP 150,000($128,700 to $193,100), the UK auction house said. A diamond-fringe necklace fetched GBP 177,160 ($22...Read More
RAPAPORT... De Beers significantly reduced prices of lower-quality rough diamonds at this week's sight in response to a slowdown in the Indian manufacturingsector, dealers reported. Prices fell by high-single-digit percentages versus theprevious sale, sightholders told Rapaport News Tuesday. The drops were for roughcosting $100 per carat or less, including both small and large stones thatproduce p...Read More
(IDEX Online) - A D color, internally flawless step-cut diamond weighing 24.31 carats will go under the hammer at Bonhams London Jewellery sale on December 5. Estimated to sell for $1,700,000 - $2,300,000, the diamond is from a private collection and this is the first time it has come to auction. Emily Barber, Director of Jewellery at Bonhams UK, said: "This diamond is a magnif...Read More
(IDEX Online) - Graff Diamonds has unveiled more than 60 polished diamonds that were cut the 1,109 carat Lesedi La Rona stone, the largest rough diamond found in more than a century. Graff said that following more than a year of detailed analysis, cutting and polishing by its team of gemologists and master craftsmen, diamonds ranging in size from under one carat to in excess of 100 carats h...Read More
(IDEX Online) - The dates of the Oroarezzo show that promotes Made in Italy gold and jewelry is being brought forward to April 6-9, said the organizers, the Italian Exhibition Group (IEG). The show takes place at the Arezzo Fiere e Congressi and was previously due to be held in early May. IEG's decision to bring the Arezzo event forward was taken in order to better fit in with the...Read More
The shareholders of Canadian diamond miner Mountain Province have missed out on a third-quarter dividend, owing to difficult trading conditions in the lower-end segment of the diamond market.Mountain Province recently paid shareholders a maiden dividend of 4c a share, but said late on Monday that it had chosen to reduce its debt, rather than declaring another dividend this year, as it continued to...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesMarantelli, who came onto the Metals X board in September, has more than 40 years' experience in the mining sector, including the past 18 years running openpit and underground mines in Australia, Turkey, Spain, Zambia, Canada and Mexico.His job will be to get the Nifty underground mine to a run-rate of circa-40,000 tonnes per annum of co...Read More