This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $6.80 to $1,346.50 on Friday. The TSX Venture Exchange fell 4.03 points to 830.17 while the TSX Gold Index dipped 3.54 points to 187.41. Agnico Eagle Mines Ltd. (AEM) led Canadian golds lower. It fell $2.17 to $...Read More
There's a vast world outside of the U.S. waiting for you to discover it. You know that but aren't sure about leaving what's familiar to you.There are many ways you can get around the overreaching laws and regulations, the political manipulation, and the social pressure. You can change your domestic lifestyle, work toward a freer life in the U.S.But if you have the itch to go global, there are near...Read More
Thestock market pullback of the last couple of weeks has shown that markets arejittery, and will likely be volatile for awhile as investors keep a vigil onrising bond yields (inflation) and potential interest rate hikes. In theseuncertain times, one sector that appears to be holding its own, and then some,is commodities. Let’s examine why this is the case, and why commodities aregoing to be...Read More
Federal Reserve officials like to say their policy course is "data-dependent." That sounds very cautious and intelligent, but what does it Continue...Read More
Gold spiked in January, and looked to be headed even higher. But there were some problems. First, futures speculators – as tracked by the Commitment of Traders (COT) report – had goneoverwhelmingly long, and since they tend to be wrong at emotional extremes, this was a red flag. Second, gold was approaching the $1360 level that had, since 2014, been the place where upward momentum went...Read More
Gold continues to prepare to break out of its giant Head-and-Shoulders bottom pattern. As we can see on its 8-year chart below, this base pattern has been developing for getting on for 5-years now, so it has major implications. Upside volume has been building for a long time, driving volume indicators higher, a sign that a breakout and new bullmarket is simply a matter of time, and not much at tha...Read More
Inflation is back. So what does this mean for gold?The consumer price index came in hotter than expected at 2.1%. A CNBC report said the number "pushes the economy toward a potential danger zone for inflation."Analysts had expected January inflation to come in at 0.3, after being up by 0.1 the previous month. Instead, the December number was revised up to 0.2 and January came in at 0.5. As Peter S...Read More
Gold spiked in January, and looked to be headed even higher. But there were some problems. First, futures speculators - as tracked by the Commitment of Traders (COT) report - had gone overwhelmingly long, and since they tend to be wrong at emotional extremes, this was a red flag. Second, gold was approaching the $1,360 level that had, since 2014, been the place where upward momentum went to die. F...Read More
Such a high hurdle indeed: Base Camp 1377. For as we stated a week ago, each time gold as if a magnet pulls in the prices of the 1360s, 'tis is repelled by the pushing forces emanating down from the opposing iconic magnet at 1377, ostensibly gold's highest hurdle in history:We've already seen gold having wasted little time in taking out last year's high (1362) by trading up to 1365 on 25 January....Read More
Here's something we don't see every day; the Dow Jones correcting over 10% in just nine trading days (January 26th to February 8th), then snapping back 5% in the next five. And the violence of the 10% decline, seen in Mr Bear's report card below is remarkable. From February 2-8th the NYSE saw seven extreme market events out of a possible ten; three NYSE 70% A-D Days and four Dow Jones 2% days. A f...Read More
"Very sad that the FBI missed all of the many signals sent out by the Florida school shooter. This is not acceptable. They are spending too much time trying to prove Russian collusion"Continue...Read More
RAPAPORT... Three UK suppliers are collaborating on a one-day fair inLondon that will feature only ethically sourced and traceable gemstones forpurchase by jewelry designers. Stuart Pool of Nineteen48, KathyChappell of Fair Trade Gemstones and Ian Bone of Queensland,Australia-based Capricorn Gems will present stones at the March 13 event. All the goods on show will include full provenancedetails,...Read More
RAPAPORT... Phillips has appointed Susan Abeles head of jewelry for theAmericas, the auction house said Friday. Abeles (pictured), who will be based at the company's New Yorkheadquarters, has been tasked with creating a jewelry team there, as well asworking with clients on consignment projects. She will also take on the role of senior international specialist, and will be in charge of Phillips'fir...Read More
(IDEX Online) - The Dubai Multi Commodities Centre (DMCC) a leading global free zone for trade and enterprise, announced that the Dubai Diamond Exchange (DDE) has signed a strategic partnership with Stargems, which specializes in the sourcing and supply of fine diamonds, to host rough diamond tenders this year. The agreement enables international members, miners and suppliers to trade and d...Read More
(IDEX Online) - The Bharat Diamond Bourse (BDB) in Mumbai, expects at least 1,000 visitors from India and abroad to take part in the first Bharat Diamond Week, to be held at the exchange from April 23-25, the exchange said. The event will see 225 Indian companies displaying polished diamonds to buyers from across the world. "We have seen enormous interest in the Bharat Diamond Week,...Read More
RAPAPORT... Alrosa sold $13.7 million worth of special-size rough diamonds in Israel earlier this month, the miner said Friday. The company auctioned 105 diamonds larger than 10.8 carats, totaling 1,665 carats. The stones sold for far more than their initial asking prices, Yury Okoemov, deputy CEO of Alrosa, said. "More than 100 companies from different geographical tradeand manufacturi...Read More
(IDEX Online) - The Gem and Jewelry Institute of Thailand (GIT) has announced the launch of 'Inheritance and Identities', a project aimed at highlighting the country's community gem and jewelry industry. "This is one of our key projects in 2018," said Duangkamol Jiambutr, the director of GIT, says. "Our main objectives are to enhance the capability of the workforce in the gem and jewelry in...Read More
RAPAPORT... Israel's polished-diamond exports continued to decline in2017, dropping 4% to $4.48 billion. In volume, outbound polished-diamond shipments fell 6% to1.7 million carats in 2017, the nation's Ministry of Economy and Industryreported last week. The average price for polished exports increased 2% to$2,588 per carat. Exports to the US, a highly important market for the Israeli trade, slid...Read More
(IDEX Online) - The 9th edition of Antwerpsche Diamantkring's Antwerp Rough Diamond Days got off to a strong start on February 14 with rough sales taking place at a brisk pace on the opening day. Keen interest was shown by visiting Israeli and Indian buyers, as well as by local Antwerp dealers and cutters, at the event at the Kring, Antwerp's rough diamond bourse, which concluded on F...Read More
(IDEX Online) - ALROSA sold 105 gemstones with a total weight of 1,665 carats for $13.7 million at an auction of special size rough diamonds over 10.8 carats at the International Diamond Week in Israel (IDWI). "More than 100 companies from different geographical trade and manufacturing centers took part in the auction, 39 companies were recognized as winners, most of them from Israel," said...Read More