President Trump and President Xi Jinping agreed to halt escalation in their trade conflict. At the same time, the Fed officials became more cautious about the pace of future interest rate hikes. How will the softening of the US trade and monetary policies affect the gold market? Trade Truce and Gold Have you heard about the Christmas truce? It was a series of unofficial ceasefires across the W...Read More
By Avi GilburtI wonder how many of you had your brains in gear when following the action in the market this past week. For those that did not, let's review what happened.First, the market broke out "bigly" on Wednesday, and every media source and investor was absolutely certain that it was due to the Fed chairman's speech (even though he really said nothing new, as future rate decisions were alw...Read More
- "Time is running out" - Sir David Attenborough- "Continuation of civilisation is in your hands," Attenborough warns world leaders- Mass extinction is "on the horizon"- Failure to 'join the dots' between environmental risks and significant economic challenges(Editors note: The world faces some very serious ecological challenges due to the pollution, destruction and over consumption of our natur...Read More
Peter KrauthAfter a week that saw the price of silver struggle to notch any gains, its most recent trading day made up for its latest challenge.The Buenos Aires G-20 meetings provided for the spark that silver prices needed to rally.Washington and Beijing announced a "90-day truce" in their trade war, whereby both sides have promised not to escalate tariffs any further as they work diligently to r...Read More
Silver looks to be creating a bearish pattern over the past few years. Could this bearish pattern end up being bullish for Silver?This chart takes a look Silver on a monthly since the 1970's. Numerous times Silver created a bearish ascending triangle at each (1). When this pattern forms, the majority of the time the asset falls in price by a large percent.Silver bucked the odds at each (1) and bro...Read More
RAPAPORT... Sales and profit grew at Indiandiamond manufacturer Asian Star in the second fiscal quarter amid improvedjewelry exports and a strong performance at its Dubai trading unit.The Mumbai-based group saw strong margins in its jewelry division, especially the export business, Pranav Kapadia, Asian Star's chief manager for accounts and tax, told Rapaport News. It also enjoyed a robu...Read More
RAPAPORT... Chow Tai Fook and Swarovski have led a consortium ofinvestors in a digital jewelry program that claims to reduce sourcing time byup to 80%. Atelier Technology - which launched in January - aimsto connect the supply chain and eliminate unnecessary administration, therebybringing more products to market at a faster rate, it said Tuesday. Five jewelershave made an undisclosed investm...Read More
RAPAPORT... An 18.04-carat diamond fetched $828,500 at Bonhams on Monday,exceeding its presale estimate of $400,000 to $600,000, Bonhams said Tuesday. The emerald-cut, G-color, VS2-clarity ring flanked bytrillion-cut diamonds led the company's New York Fine Jewelry sale. Itwas the first time the stone - which was from a private collection - had appearedat auction. "We saw some fierce bidding...Read More
RAPAPORT PRESS RELEASE, December 4, 2018, New York... The sharp decline in prices of small, low-value diamonds will exert further pressure on India's manufacturing sector, according to the latest issue of the Rapaport Research Report. Prices in some categories have dropped by up to 20% in 2018 due to an oversupply and weaker demand.The report, "A Crisis in Melee," outlines four factors influe...Read More
(IDEX Online) - Chow Tai Fook Jewellery Group Limited posted a 20% increase on the year in revenue to HK$29.7 billion ($3.8 billion) in its interim results for the six months ended 30 September. The jeweler said the results were due to stabilizing consumer demand and reviving Mainland [China] visitation which fuelled the jewelry market. Profit increased by 8.8% to HK$1.94 billion (...Read More
(IDEX Online) - Sales of jewelry, watches, clocks and other valuable gifts in Hong Kong increased by 3.3% on the year in October to HKD 6.868 billion ($878 million), reported the Census and Statistics Department. The rise was higher than that recorded in September when Typhoon Mangkhut hit Hong Kong and the increase in jewelry sales was 2.2%. For the first 10 months of this year, th...Read More
(IDEX Online) - World Federation of Diamond Bourses (WFDB) President Ernie Blom says the diamond and jewelry industries appear to be heading for a strong end of the year according to import and export figures and other reports in recent weeks. India recently reported a 19-percent rise in exports in October in its latest results, while Belgium posted a 17-percent increase. Meanwhile, US ret...Read More
Sumitomo Metal Mining and Sumitomo Corporation will pay US$1.2 billion for a third of Teck's 90% interest through a jointly held entity, with the payment to be split between a $800 million earn-...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe company expects to increase its copper production from about an anticipated 150,000 tonnes this financial year to 285,000t in FY2021.However FY2019's cobalt guidance was revised downwards by 8,000t to 26,000t, to reflect the cobalt debottlenecking plant ramp-up and "associated expected shorter-term recoveries".PolarX builds big...Read More
What...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 published.Subsc...Read More
Across-the-board rally on the US-China trade...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 is...Read More
Aluminium The LME three-month aluminium price surged as...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 downlo...Read More
With the US-China trade truce emerging...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...Read More
Relief rally, but price 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...Read More
Stainless perspective: 2018 a tale of two halves...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 lates...Read More