The recent volatility inmost markets was really extreme, which means that it was easy to lose focus onthe things that matter the most in case of the gold market. It was relativelyeasy to keep one’s focus as far as the fundamental outlook for gold isconcerned – it’s quite obvious that the economies around the world are in deeptrouble and that the various QEs and money-printing mec...Read More
What it cannot do is cure the virus. What it could do, however, according to a good many analysts, is act as an effective hedge against its economic consequences. Since the beginning of the year through April, the metal was up 11.73% during probably the worst period in economic history since the 1930s Great Depression. Below we chronicle what top experts have to say about gold in the year of...Read More
By Craig HemkeThe announcement last week that the Bank of Nova Scotia is exiting the precious metals business is just another curious development in the dark, secret world of international bullion banking.Over the past two months, much has been written about the current stresses in the Bullion Bank Fractional Reserve and Digital Derivative Pricing Scheme. Though the decision by Scotiabank to exi...Read More
Graceland Updates By Stewart Thomson 1. It's the soft demand season for gold (April-Sept), and that means upside and downside breakouts can become "wet noodle" affairs. 2. Bulls and bears who aren't prepared for this type of sideways price action may get frustrated. 3. Please click here now. Double-click to enlarge this short-term gold chart.4. My suggestion for invest...Read More
By Dave Kranzler"At the parabolic top of every financial bubble, thrilled investors lose their tether to reality, and as the price of the speculative instrument rallies ever higher, investors' expectations for additional price appreciation inflate ever more. Whether its Cisco Systems at a trillion-dollar market value, Qualcomm at $1000 a share, Oil at $200 a barrel, Bitcoin at a million dollar a...Read More
A Fresno, California waffle restaurant dared to open its doors for business this weekend to the delight of a long line of customers, who waited up to two hours for the "privilege" of willingly spending their money in a business happy to serve them breakfast on Mother's Day. This freedom of voluntary transaction is the core of what we used to call our free society. But in an America paralyzed by...Read More
By Avi GilburtI think there has been more hair torn out in frustration during this rally off the 2200SPX region lows than at almost any other time in market history. The frustration in trying to understand this market is ubiquitous.As the unemployment numbers get worse and worse, the market continues to rally higher and higher. In fact, the futures rallied 70 points off the overnight low struck...Read More
The inflows and the price action have some unusual discrepancies...by Chris Marcus via Arcadia EconomicsThere's new data available measuring the amount of gold and silver that have gone into the trust's like GLD and SLV.And of course as is often the case, the inflows and the price action have some unusual discrepancies. Which is covered in today's video, so to find out more, click to watch now!So...Read More
We know the ultimate dollar endgame, how about your silver and gold endgame?By Matt from Silver Fortune via Silver FortuneWe know the ultimate dollar endgame, how about your silver and gold endgame?Read More
The way you see silver now depends on whether you see a glass as half empty or half full. If you are a pessimist by nature you will be grumbling about its...by Clive Maund of Streetwise ReportsThe way you see silver now depends on whether you see a glass that is half empty or half full. If you are a pessimist by nature you will be grumbling about its underperformance relative to gold up to this po...Read More
RAPAPORT... Alrosa's diamond sales plummeted 95% to $15.6 million in April, the lowest on record, as customers deferred purchases until the market improves.Rough sales slumped 96% to $13.1 million, while polished revenues fell 17% to $2.4 million, the Russian company reported Tuesday. "In response to the [coronavirus] situation, we have offered to our clients an option to buy the amounts of r...Read More
RAPAPORT... Sales of luxury goods will fall by 20% to 35% this year as the coronavirus-related slowdown is set to continue, Bain & Company predicted.Purchases of luxury items already dropped by approximately 25% in the first quarter, and the slump is likely to accelerate in the second quarter, Bain said in its global luxury report, which it released in collaboration with Italian luxury-br...Read More
RAPAPORT... BlueRock Diamonds has resumed operations at its Kareevlei deposit in South Africa after the government allowed the mining sector to reopen.The company expects to reach full capacity by the end of the month, it said Monday. However, the miner has suspended expansion plans for Kareevlei for the moment. "Management and the board have put a lot of effort and thought into the start-up...Read More
RAPAPORT... Indian authorities have allowed Mumbai's diamond and jewelry companies to reopen partially on condition that they limit their workforces and follow social-distancing rules.Trade members may operate with up to 10% of their staff members in order to fulfill export commitments, the state government of Maharashtra said in a statement Monday. No one from containment zones - coronavirus...Read More
Sales of the world’s largest diamond miner by volume, Alrosa, came to a near halt in April, with the company only selling $15.6-million in rough and polished diamonds in the month.This compares with sales of $152.8-million in March and $405-million in January this year.AdvertisementThe Russian company virtually stopped selling diamonds as governments across the globe were taking active...Read More
(IDEX) - Alrosa's monthly figures reveal the full impact of COVID-19, with April sales of rough and polished plunging to just $15.6m.That's a fall for the state-owned Russian miner of 96 per cent on $405m sales in January, before coronavirus lockdowns and travel restrictions came into force. Sales for the world's largest diamond producer by volume in 2019 were $3.3bn.Alrosa sou...Read More
(IDEX Online) - The case against lab-grown diamond companies accused of patent infringements is to go ahead, after a judge threw out their motions to dismiss.The Carnegie Institution of Washington and WD Lab Grown Diamonds, the manufacturer licensed to use its chemical vapor deposition (CVD) technology, are jointly bringing a case against competitors at a New York federal court.Defendants Fenix Di...Read More
(IDEX Online) - The billionaire who owned Firestar Diamond yesterday began his legal fight against extradition to India, where he is accused of defrauding the Punjab National Bank out of $1.85bn.Nirav Modi, 49, is alleged to have persuaded corrupt bank workers to approve low-rate loans for importing foreign goods, which he used to pay off debts. He was India's most wanted man and was the...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesSeven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootThe report reveals some minerals, such as aluminium, copper and molybdenum, will be used across a range...Read More
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