Index futures have done a tentative alley-oop Sunday night, feinting lower before moving as though to challenge Friday's nutty highs. They occurred, apparently, because Trump was not as hard on China as he could have been when he addressed the nation ahead of the closing bell. Anyone mystified by the stock market's exuberance hasn't been paying attention to the steep rally that has occurred with...Read More
By: Ira EpsteinGold monthly is favorable, momentum and bias is up. For the week, gold had a higher weekly close. It was a strange week..Read More
Fireside ChatRapid FireFireworks ShowSome Final ThoughtsScars from the Great DepressionThe history of humanity, at least as taught in most schools, is really about two seemingly opposite forces: human innovation and human conflict. The same intelligence that lets us accomplish great things also sets us against each other. But sometimes, we rise above it.Last week I saw on Twitter (where you shou...Read More
Investor Riley Ireland provides his investment thesis for this explorer withgold properties in Canada. X-Terra's Grog PropertyInvestment Highlights:Strong management with direct ownershipLow market cap of $4,709,629New gold discovery in New Brunswick on its Grog propertyExploration and drilling in a very active area on their Troilus Property begins imminently Troilus East exploration and drilling...Read More
Group Ten Metals' states its findings suggest a gold-rich mineralization may occur there along with platinum, palladium, nickel, copper and cobalt. Stillwater West PGE-Ni-Cu Project - 2019 DrillingGroup Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release that additional exploration work returned high-grade gold (Au), platinum (Pt) and palladium (Pd) mineralization at Pi...Read More
Peter Epstein of Epstein Research profiles an explorer in Colombia with a project on the same prolific gold belt as Buritic?. The importance of good community relations and avoiding serious outcomes from bad environmental stewardship is paramount. Moreover, in the age of COVID-19 and a 7-year high in the gold price, investors are increasingly interested in countries with abundant mineral resource...Read More
Sector expert Michael Ballanger bemoans the panic-inducing influence of politicians and the influx of "counterfeit currency" from central banks on the money and commodities markets. One look at the chart of the U.S. financial markets against the backdrop of economic paralysis and suffering, and one is immediately filled with a myriad of emotions. Sympathy for those that have been afflicted by the...Read More
StrengthsThe best performing precious metal for the week was silver, up 3.78 percent on stronger industrial demand. After a slow start to the week, gold and silver were moderately higher in midday U.S. trading Thursday as haven demand returned due to China's security law imposition on Hong Kong. The move by China ratcheted up tensions with the U.S. Gold rose Friday morning as investors awaited P...Read More
Clint Siegner, Money MetalsProtests egged on by the legacy media quickly devolved into large-scale riots and looting over the weekend in more than a dozen U.S. cities.Some important institutions have betrayed the public trust, and Americans facing quarantine and staggering unemployment have arrived at the boiling point.Meanwhile, the ranks of people buying gold and silver as a hedge against econ...Read More
Index futures have done a tentative alley-oop Sunday night, feinting lower before moving as though to challenge Friday's nutty highs. They occurred, apparently, because Trump was not as hard on China as he could have been when he addressed the nation ahead of the closing bell. Anyone mystified by the stock market's exuberance hasn't been paying attention to the steep rally that has occurred with...Read More
By: Ira EpsteinGold monthly is favorable, momentum and bias is up. For the week, gold had a higher weekly close. It was a strange week..Read More
Fireside ChatRapid FireFireworks ShowSome Final ThoughtsScars from the Great DepressionThe history of humanity, at least as taught in most schools, is really about two seemingly opposite forces: human innovation and human conflict. The same intelligence that lets us accomplish great things also sets us against each other. But sometimes, we rise above it.Last week I saw on Twitter (where you shou...Read More
RAPAPORT... The Diamond Producers Association (DPA) has unveiled a new name and strategy it hopes will resonate with younger consumers and position it as a leading digital publisher of information about diamonds.The category-marketing organization is now the Natural Diamond Council (NDC), with its new consumer website - naturaldiamonds.com - serving as a resource and educational hub, executiv...Read More
RAPAPORT... Sales of jewelry and other luxury items in Hong Kong plunged to their lowest level on record in April, as business remained challenging even as the pandemic threat cleared locally.Revenue from jewelry, watches, clocks and other valuable gifts dropped 77% year on year to HKD 1.36 billion ($176 million) for the month, as tourism remained at a near standstill and consumer sentiment w...Read More
RAPAPORT... The International Gemological Institute (IGI) has reopened several offices around the world following coronavirus-related closures, it said Thursday.Its centers in Antwerp, Hong Kong, Shanghai, Shenzhen, Bangkok, Tel Aviv, Dubai and Japan are now operational. It is carrying out certain remote services at its New York office, while operations at its locations in India vary accordin...Read More
(IDEX Online) - Jewelry stores have shown "encouraging signs" in post-COVID-19 China, according to De Beers. Paul Rowley, its executive vice president of diamond trading, said most retail outlets were now open again, although sales had yet to return to levels before the pandemic. "In China, most stores are now open again with consumers returning and encouraging signs are beginning to show,"...Read More
RAPAPORT... As difficult as the Covid-19 lockdown period has been, Sally Morrison, director of public relations at De Beers' consumer and brands division, sees opportunity for the diamond industry moving forward. In the first episode of the Rapaport Group's "The Recovery" webinar series, Senior Analyst Avi Krawitz discussed the state of the luxury market in the coronavirus era with the marketing e...Read More
(IDEX Online) - Alrosa will allow customers to defer 100 per cent of June purchases, as it has done in April and May, in response to the ongoing COVID-19 pandemic. The Russian state-owned miner says it's offering "unprecedentedly flexible terms for its long-term clients" in an attempt to prevent a depressed market from being flooded. Until 2018, the 58 approved buyers on Alrosa's list co...Read More
Polished diamond prices for May reflect much more movement than for April, with an overall trend of modest rises, balanced by price drops in specific sizes and qualities. Much of the activity for both round and polished stones was among 0.50 to 1.99 cts. Smaller sizes were characterized by inactivity or limited price drops. Larger key sizes, over 3.00 cts saw clust...Read More