By: Ira EpsteinGold is $20 from new close highs! Gold negated downtrend on Tuesday, Wednesday trying to build an uptrend. The $1733 area is support on the 18-dma:Read More
Gold is on the way to $1836.70. Comments by Federal Reserve chairman at the Federal Reserve meeting is the reason. Correction of gold price in US session will come only if US weekly jobless numbers beats street expectations by a big margin. Selling gold and silver on the basis of US May nonfarm payrolls has resulted in short covering yesterday post FOMC surprise. I was focused more on copper and...Read More
Omineca Mining and Metals aims to culminate its 2020 program with drilling. Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) announced in a news release it commenced field work at its Wingdam hardrock gold project in British Columbia's Cariboo mining district after completing an oversubscribed financing.For this work, the Saskatoon, Saskatchewan-based exploration company appointed Steph...Read More
Liberty Gold is also gradually scaling up its 2020 drilling at the project. In a news release, Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced it expanded its land package at its Black Pine project in Idaho by staking two additional parcels encompassing 122 claims."It was imperative, given the scale of the main Black Pine oxide gold discovery, to secure all relevant ground in the district," P...Read More
I am afraid I have got some bad news for all the Silver bugs out there, for the gold / silver ratio chart makes it crystal clear that Silver is NOT a safe haven precious metal. Yes you may still call it a precious metal but it is NOT GOLD! That's for sure! So come to terms with the fact that Silver given the facts on this chart is NOT a safe haven. For if Silver were a safe haven the Gold / Silver...Read More
Thesad truth is that few people really know very much about gold, especially whenit comes to investing in the metal. They don’t understand what makes it sovaluable and unique, and they know even less what moves its price. Since Idon’t want to spend an hour on why it is so precious, I’ll just try and sum itup in a sentence: Gold is extremely rare, beautiful, portable, transferable...Read More
Some might say “Silver’s performance over the past several weeks has been nothing short of phenomenal.” Others talk and act as if all of their wildly crazy price predictions have already come true.The chart (source) below is a one-year history of daily prices for SLV (Silver ETF)… As of this writing, SLV is up forty-eight percent since striking its most recent low of $10.8...Read More
The most recent U.S. jobs report, which he believes is bound for revision, has Michael Ballanger musing on how economic policies are reflected—or distorted—in the precious metals markets.I was sitting in my den looking out over the swamp—er—lake tonight when it appeared as though something was flailing around near the shoreline. So I threw on my deck shoes and went for a st...Read More
By: Gary Savage Gold attacked last Friday, right on que. Gold is churning $1800 resistance zone. Banks still stuck in this huge short position:https://blog.smartmoneytrackerpremium.com/Read More
David Haggith The first graph gives you a glimpse of the "huge jobs rebound" that shocked the stock market into spurting past its 200 DMA barriers because retail investors and algos aren't looking past the headlines.The second graph below shows you what a tiny difference that made to the total number of jobs that were lost:Some recovery, huh?In broader context, that looks like this:Why the drama...Read More
By: Ira EpsteinGold is $20 from new close highs! Gold negated downtrend on Tuesday, Wednesday trying to build an uptrend. The $1733 area is support on the 18-dma:Read More
Gold is on the way to $1836.70. Comments by Federal Reserve chairman at the Federal Reserve meeting is the reason. Correction of gold price in US session will come only if US weekly jobless numbers beats street expectations by a big margin. Selling gold and silver on the basis of US May nonfarm payrolls has resulted in short covering yesterday post FOMC surprise. I was focused more on copper and...Read More
A BIG CHANGE is coming... by Steve St Angelo of SRSrocco ReportFew investors realize that the fundamentals for silver continue to improve each and every day. Unfortunately, the bullish case for owning silver is lost in a market that has gone utterly insane trading high-flying over-leveraged tech stocks and other assorted financial garbage assets. This is the way of the world presently... but a...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Back before coronavirus knocked “normal” out cold, the key issues for miners were sub-investment prices, rising requirements for ESG and decarbonisation. How things change. So while our base case view is that the recession...Read More
Market activity slow, but sentiment improving as retail reopens and US unemployment reduced to 13.3% for May. Growing interest in investment diamonds, with higher prices for D-IF, 0.50 ct. and 1 ct. (3X, none) goods. Tiffany & Co. signals robust recovery in China after 1Q revenue -45% to $556M with loss of $65M vs. profit of $125M, e-commerce sales +23%. Signet Jewelers 1Q revenue -41% to $852...Read More
RAPAPORT... New York's Diamond Dealers Club (DDC) unlocked its doors on Tuesday, with social distancing in place, after the city entered phase one of its reopening plan."Based on my conversations with members, I felt it was the highest priority to be open as soon as possible, as many members rely on the trading floor as a necessity for their businesses and livelihoods," DDC president Reuven K...Read More
RAPAPORT... Chow Tai Fook expects sales in Hong Kong to remain weak after reporting a sharp slump in revenue and profit due to the coronavirus. Consumer demand was slow in the municipality in April and May as tourists stayed away, contrasting with a slight recovery in mainland China following the relaxation of lockdowns."In Hong Kong and Macau, the market will remain challenging in the forese...Read More
Dear Subscribers,After careful consideration we are returning to our policy of publishing the Rapaport Price List on a weekly basis. The diamond markets are returning to activity and it is important that we have the flexibility to change our benchmark prices when and how we see fit.We will not publish a weekly TradeSheet with discount prices as this additional price sheet has caused confusion and...Read More
RAPAPORT... The Israel Diamond Exchange (IDE) closed its trading floor on Wednesday after a member who had been inside the hall tested positive for Covid-19.The bourse has already disinfected the room in preparation for it to reopen on Sunday, an IDE spokesperson told Rapaport News Thursday. The trading floor shut initially on March 15 because of the global pandemic, and restarted on May 24 w...Read More
RAPAPORT... More than half of US consumers think holiday gifts this year should be meaningful, and see diamonds as the top representation of that notion, according to a survey by De Beers.Some 56% of both men and women believed a meaningful gift was a better choice than one that was practical, functional or fun. Respondents also classified diamonds as a gift that symbolized intimacy, connecte...Read More