While viruses are counted among the simplest forms of life, they have quite a bearing on its advanced forms. And the coronavirus epidemic is, unfortunately, alive and well. What are the implications for the gold market?Coronavirus Infects EuropeThe coronavirus epidemic is, unfortunately, making its presence well known. Actually, it spreads quickly around the globe. The worldwide number of confirme...Read More
Gold / SIlver RatioGold price of $1560 divided of by the silver price of $18.07 results in a ratio of 86.3! The historic norm is for around 50. No I am not saying that Silver should trade to a ratio of 50 to Gold anytime soon. I will cover the prospects for the Silver price in a separate analysis.So either Silver is CHEAP or Gold is EXPENSIVE, probably a mixture of both, which implies to expect Go...Read More
Gold. Silver. Platinum. Palladium. Precious metals mined from the bowels of the earth, refined andvalued for their unique characteristics. Since the beginning of civilization itself,humanity has long held an obsession with what is known colloquially as “bling.” Nowadays rather than adorning ourselves with beads and seashells,we’ve turned to precious metal. If one thing’s fo...Read More
Our research team believes the recent downward price activity in Gold and Silver are indicative of past price patterns we saw in Gold over the 2007 to 2012 rally. Throughout almost every rally in precious metals (Gold), there have been a number of moderate to serious price corrections taking place within that extended rally. The current downside move is moderately small compared to his...Read More
By: Peter Schiff, Chief Global Strategist of Euro Pacific CapitalWith the markets shell shocked by of the worst weeks on record, analysts are split on whether investors are simply overreacting to the coronavirus epidemic or if we are confronting an actual existential threat to the global economy. While most epidemiologists caution that the virus will be nearly impossible to contain, the good ne...Read More
Stewart Thomson, Graceland Updates 1. "He will lose the election, that's for sure...Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead." - Legendary economist Nouriel Roubini, March 2, 2020.2. Corona is the kind of crisis...Read More
StrengthsThe best performing metal this week was gold, down 3.51 percent. As of Wednesday, gold-backed ETFs saw 25 consecutive days of inflows and rose to the highest level ever of 2,624.7 tons. Bloomberg reports that after rising 18 percent last year, gold extended its rally into 2020. Turkey's gold reserves rose $1.1 billion from the previous week to now total $29.7 billion as of February 21...Read More
By Ira EpsteinGold update, key technical supports and what to come from the corona virus:Read More
Silver has already proven its capacity to surprise to the upside...by Claudio Grass via Claudiograss.chGold has been making headlines in recent days, as its price skyrocketed close to $1,700, a rise that most analysts have attributed to the spread of the coronavirus. The fears over its economic impact have sent global stock markets tumbling and, as is usually and reliably the case, panicked invest...Read More
Open interest, however, still represents 143% of annual global silver production. Harvey explains in today's update...by Harvey Organ of Harvey Organ BlogMARCH 2/GOLD REBOUNDS 27.00 DOLLARS UP TO $1595.30//SILVER UP 18 CENTS TO $16.77//MASSIVE 23,000 GOLD ISSUANCE OF EXCHANGE FOR PHYSICALS IN AN OBVIOUS FRAUD/HUGE GAIN ON THE DOW OF 1200 POINTS DUE TO PROBABLE RATE CUT//CORONAVIRUS STORIES//SWAMP...Read More
The big news this week was the drop in the prices of the metals...by Keith Weiner of Monetary-MetalsThe big news this week was the drop in the prices of the metals (though we believe that it is the dollar which is going up), $57 and $1.81 respectively.Of course, when the price drops the injured goldbugs come out. We have written the authoritative debunking of the gold and silver price suppressio...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.Wood Mackenzie, in partnership with WisdomTree, has launched an exchange traded fund (ETF) providing investors with exposure to the growth in the demand for, and the usage of, energy storage technologies, and in particular batteries.T...Read More
RAPAPORT... Sales of jewelry and other luxury items in Hong Kong fell for the 12th consecutive month in January amid a sharp downturn in tourism and an early Lunar New Year. Revenue from jewelry, watches, clocks and other valuable gifts slid 42% year on year to HKD 4.92 billion ($632.2 million) during the month, the municipality's Census and Statistics Department reported last week. Sales acr...Read More
RAPAPORT... Edward Asscher has retired as president of Royal Asscher, marking his 50th anniversary with the family-run jeweler. His daughter, Lita Asscher and son, Mike Asscher, will take his place as copresidents of the company.The fifth generation of his family to work at the company, Asscher joined the business in 1970, apprenticing with his father and uncle. In 1980 he became president, a...Read More
RAPAPORT... Belgium's polished exports dropped 22% year on year in January, with volumes and average price both falling. Outbound shipments have declined for nine consecutive months, according to Rapaport archives based on data from the Antwerp World Diamond Centre.However, rough imports showed their first monthly increase since December 2018, as post-holiday restocking was stronger than a ye...Read More
RAPAPORT PRESS RELEASE, March 3, 2020, Las Vegas... Diamond trading declined sharply in February due to economic uncertainty surrounding the coronavirus. Manufacturers and dealers are facing a severe liquidity crunch as sales to China and Hong Kong have stopped.Diamond prices dropped as a result of the slowdown, with the RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds down 1.6% in February. R...Read More
RAPAPORT... The Women's Jewelry Association (WJA) has launched a new consumer-marketing campaign aimed at empowering women to buy jewelry for themselves.March is Me Month will coincide with International Women's Day, which takes place on March 8, as well as Women's History Month. The goal of the campaign is to get women to buy themselves a piece of fine jewelry during the month, no matter the...Read More
RAPAPORT... Jewelry was among the best-performing categories at Macy's during the fourth fiscal quarter, even as overall sales declined at the department-store chain.Group revenue dropped 1.4% year on year to $8.34 billion in the three months ending February 1, while comparable-store sales - at owned and licensed shops open for at least a year - fell 0.5%, the retailer reported last week. How...Read More
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Global markets stabilizing amid hopes of...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...Read More