RambusJust a quick update on the Yen / PM combo we've been following. Today the yen is moving lower in its new impulse move to the downside doing away with the positive correlation it used to have with the PM complex. While the yen is moving lower more PM stock indexes are breaking out to the upside. I just wanted to post this combo chart early so you can follow the breaking out and the backtest...Read More
- Steve St. Angelo, SRSrocco Report According to a precious metals dealer I spoke with, the world out on the street is that demand for gold and silver has recently surged due to investor concerns about a disruption to the Global Supply Chain. We are already seeing a massive slowdown in China's oil demand as official reports show a 20% reduction in oil consumption. However, I believe China'...Read More
- Stewart Thomson, Graceland Updates 1. The decline of the American empire continues relentlessly. The citizens look towards their government for guidance and all they see is maniacal debt worship. Monkey see...monkey do:2. New statistics show that credit card debt of millennials now rivals total student loan debt. 3. Please click here now. The nation's so-called "leaders" now...Read More
By: Ira EpsteinGold Market: higher highs ad higher lows short-term. What resistance exists above? Markets in general are looking at the "what if" scenarios..Read More
One needs to keep on booking profit as long as gold does not break $1633.80 and silver does not break $1882.90. There is a big technical resistance between $1633.80-$1648.50 and $1663.30. For gold to rise to $1900-$2000 for the rest of the year, it has to break and trade over $1633.80-$1648.50-$1663.30 zone. Why am writing this? This is always a slip between the cup and the lip. The Lip here is...Read More
The crooks are using copious amounts of paper silver, but they're haven't been able to knock silver's price down. Harvey explains...by Harvey Organ of Harvey Organ BlogFEB 19//GOLD UP $8.25 TO $1608.70//SILVER UP 23 CENTS TO $18.41//HUGE QUEUE JUMP IN GOLD LAST NIGHT//HUGE INCREASE IN COMEX GOLD AND HUGE ISSUANCE OF EXCHANGE FOR PHYSICALS//FOMC MINUTES CLAIM FED INTENDS TO TAPER PURCHASES OF T BIL...Read More
As part of U.S. President Donald Trump's proposed federal budget for fiscal 2021, his administration is requesting US$150 million annually over the next decade to stockpile U.S.-mined uranium in a new national uranium reserve.The move is designed to prop up domestic production as a matter of national energy security and re-establish the country's nuclear fuel supply chain.Trump's "Budget for Ameri...Read More
China slowdown affecting global sentiment. Diamond markets quiet as coronavirus reduces value across the supply chain. Chinese and Hong Kong jewelers remain closed and lack of Chinese tourism likely to impact European and US luxury brands. US retailers consider short-term alternatives to Chinese suppliers. Diamantaires concerned about delayed payments from Hong Kong buyers. Reduced demand leading...Read More
Sentiment low owing to tight liquidity and slow polished demand. Buyers seeking discounts and looking for desperate sellers. Dealers maintaining weak 1H outlook, with concerns Chinese jewelers will return large volume of unsold goods. US supporting the market and showing steady interest in 1 ct., G-J, VS2-I1 diamonds. IIJS Signature fair signals shift to lighter-weight wedding jewelry due to high...Read More
RAPAPORT... With the coronavirus dominating headlines since late January, the Rapaport Diamond Podcast looks at its potential impact on the diamond and jewelry market - spanning the retail sector, manufacturers and miners. In addition, Rapaport Senior Analyst Avi Krawitz sums up the mood at the recent International Diamond Week in Israel and outlines the panel on traceability that he moderated at...Read More
RAPAPORT... Signet Jewelers has introduced its first foreign-language advertising campaigns in the US market, targeting the growing number of Hispanic millennials expected to marry in the coming years."They are a big customer group, and getting a lot bigger given the disproportionately high portion of the millennial population that Hispanics constitute," Signet executive vice president and ch...Read More
RAPAPORT... Swiss watch exports rose in January as demand in the US continued to increase, propelling the country past Hong Kong to become the largest importer of the luxury product.Shipments to all countries grew 9% to CHF 1.79 billion ($1.82 billion) in January, the Federation of the Swiss Watch Industry reported Thursday. That figure mainly reflects a 15% increase in exports to the US, whi...Read More
RAPAPORT... De Beers gave a positive outlook for 2020 due to an improvement in the industry's inventory situation, despite growing concerns about Chinese demand.Early data from the holiday season indicate midstream stock levels are more balanced than they were, the company reported Thursday in parent company Anglo American's annual financial results. The miner maintained its production foreca...Read More
(IDEX Online) - De Beers has reported lower production, sales and underlying earnings for 2019 as it faced "significant challenges for rough diamond demand". It predicted the return to "a more balanced position" of stock levels and an increase in production in 2020 in its preliminary financial results for last year, published today. But it sounded a note of caution over a range of risks, namely re...Read More
A key issue creating uncertainty among Namibia’s mining investors is the nondeductibility of royalties and export levies for nondiamond mining, which was announced during the Namibian 2019/20 Budget Speech by Namibian Finance Minister Calle Schlettwein, presented to Namibia’s Parliament in Windhoek, in March last year.At the time, Schlettwein also announced that export levies for dimen...Read More
(IDEX Online) - The Bharat Diamond Bourse (BDB) will hold the fourth edition of the Bharat Diamond Week (BDW) from August 5-7 at the BDB in Mumbai. Over 150 diamond companies are expected to take part in the event."The Bharat Diamond Week encourages small and medium sized companies who are bourse members to display their products and take advantage of the subsidies offered by the Bharat Diamond We...Read More
(IDEX Online) - Peter Meeus, the former managing director of HRD Antwerp, has put in a second bid for the diamond lab after his first offer was rejected. Meeus submitted his bid through a Letter of Intent (LOI) that he said complies with the terms originally communicated by the Antwerp World Diamond Centre (AWDC) and matches the asking price and conditions. This includes the purchase of a 51-...Read More
JOHANNESBURG (miningweekly.com) – The smart technology and efficiency enhancing programmes of diversified mining company Anglo American have netted the company $4.7-billion so far.FutureSmart Mining (TM) programmes deliver additional value from equipment and processes and P101 uplifts the performance of existing operating assets, the products of which have been tailored foster a cleaner, gre...Read More
JOHANNESBURG (miningweekly.com) – The strong 2019 earnings margins of Anglo American are poised to strengthen further in 2020, CEO Mark Cutifani said on Thursday.The 2019 earnings before interest, taxes, depreciation and amortisation (Ebitda) margins of the London- and Johannesburg-listed diversified mining company ranged from 40% to 44% in the 12 months to end December. (Also see attached e...Read More
JOHANNESBURG (miningweekly.com) – Anglo American CEO Mark Cutifani on Thursday described the building of the world’s largest hydrogen fuel cell haul truck in Limpopo as a great initiative that would in time be rolled out across the platinum group metals (PGMs), diamonds, copper and iron-ore mining company.Hydrogen fuel cell technology, which is platinum rich, is increasingly showing cl...Read More