Amid the worries about the coronavirus and its impacton the global economy, the US yield curve has briefly inverted again.Recession, anyone? And what exactly does the inversion imply for the goldmarket? Yield CurveInverts AgainOoops, it happened again – the yield curve has inverted! Please takea look at the chart below. It shows that at the turn of January and February, the spread between 10...Read More

Gold will outperform the S&P 500 Index in 2020. That's one of several projections made by CLSA in its just-released "Global Surprises 2020" report.The Hong Kong investment firm has an impressive track record when it comes to making market predictions last year it had a 70 percent hit rate so it may be prudent to take this one seriously.CLSA's head of research Shaun Cochran: "If investors are con...Read More

David HaggithThere is, at least, one highly recognized economist who agrees with me that a recession started forming in the summer of 2019 and is still emerging, in spite of the Fed's strongest efforts to stop it David Rosenberg:We recall all too well the euphoria that followed the early 2001 and late 2007 Fed rate cuts and curve-steepening shifts, that then switched to malaise as the recess...Read More

Craig Hemke, TF MetalsAs you know, we've been following the palladium story for over two years now. It is very important to understand that this is NOT a speculative, COMEX story. Instead, this is a physical supply story that emanates from London. To that end, today let's review the COMEX data to see how The Banks are responding in this futures-only market.Let's begin with the chart below. This...Read More

By: Ira EpsteinGold has a lower highs and lower lows over the short-term. Choppy action. We are at the 18-dma, the battleground..Read More

Global manufacturers are waiting till end February to decide on their outsourcing strategy. If there is supply disruptions from China from March onwards then they will look to India and other Asian nations for their supplies. US economic numbers are not affecting gold price. Trend of all metals and energies on or after 18th February will be the key. China will fully reopen by then. There will be...Read More

"Relative to all asset classes, I can't think of one that is more undervalued than silver. If you look at..."David Morgan interviewed by Greg Hunter on USA WatchdogPrecious metals expert and financial writer David Morgan says silver is still 65% off its all-time high and is a much better value than gold. Morgan points out, "Relative to all asset classes, I can't think of one that is more undervalu...Read More

Martin Rapaport outlined his view of the diamond industry Monday on the opening day of International Diamond Week in Israel. The Rapaport Group chairman presented data showing a decline in the diamond market during 2019, and examined how it had impacted business throughout the distribution chain - miners, manufacturers, dealers, retailers and consumers. He concluded with a number of guidelines on...Read More

RAPAPORT... US imports of polished diamonds slid 16% to $19.46 billion last year, reaching their lowest level since 2010. Shipments fell by value and volume, while the average price also declined. December was a relatively weak month, with imports falling at a steeper rate than for the full year. US Trade Data for December 2019Read More

RAPAPORT... India's diamond industry has asked banks and the government for help with its credit difficulties, as the coronavirus crisis has left clients in China and Hong Kong unable to pay bills.The Gem and Jewellery Export Promotion Council (GJEPC) wrote to 30 lenders and the commerce and finance ministries Tuesday, requesting more time to pay back loans and finalize other costs connected...Read More

RAPAPORT... Chow Tai Fook will temporarily suspend operations at more than 40 locations in Hong Kong and Macau following a rise in the coronavirus epidemic.The shutdown is a protective measure in the interest of public health and safety, as the risk of the virus spreading increases, the Hong Kong-based retailer told Rapaport News Tuesday. The company will also shorten its operating hours at t...Read More

PERTH (miningweekly.com) – Diamond miner Lucapa has generated a further A$8.2-million from the run-of-mine diamond sales from its Lulo and Mothae mines.The ASX-listed company told shareholders that a total of 1 548 ct of diamonds from the Lulo operation, in Angola, was sold for gross proceeds of A$5-million, representing an average price of A$3 251/ct.AdvertisementA further 6 306 ct of Motha...Read More

Alrosa has paused production at certain lower-value deposits as the diamond industry continues to face an inventory imbalance and external challenges, its CEO said.The Russian miner placed on care and maintenance select alluvial mines that contain diamonds priced at $50 to $60 per carat, Sergey Ivanov told members of the trade at the International Diamond Week in Israel on Monday. "In case the mar...Read More

BriteCo, an innovative appraisal and insurance technology company, announced that IDEX, the leading online diamond-trading platform for professional diamond traders, has become BriteCo's preferred source for diamond pricing.  Free to qualified jewelers, BriteCo's appraisal software provides retail jewelers with intuitive, self-guided screens to enter key information, include ph...Read More

(IDEX Online) - Chow Tai Fook Jewellery has closed over 40 points of sale in Hong Kong and Macau because of the ongoing threat of the coronavirus. The company is also taking steps to reduce operating hours at its remaining stores, with shops closing at 7 p.m.According to the Nikkei Asian Review the retailer is not planning on laying off any staff. Instead, the company will "arrange for front-line...Read More

(IDEX Online) - The Responsible Jewelry Council (RJC) has announced it will unveil its latest retailer initiatives and resources at The Plumb Club pavilion during the 2020 JCK show. The not-for-profit organization will have a booth where it will meet with companies about RJC certification, integrating sustainability into their operations - and building trust and confidence with consumers.&nbs...Read More

(IDEX Online) - Lucapa Diamond Company Limited's first sales of diamonds from the  Lulo alluvial mine in Angola and the Mothae kimberlite mine in Lesotho 2020 have realized A$8.2 million ($5.5 million). A total of 1,548 carats of diamonds recovered from Lulo sold for A$5 million ($3.4 million). This meant an average price per carat of A$3,251 ($2,200).The company sold 6,306 carats o...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesCEO of subsidiary, Pebble Limited Partnership, CEO Tom Collier said he had scrutinised the leaked US Army Corps of Engineers document, confirming the near final report was positive, demonstrated itRead More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesSouth32 exercised its option to acquire a 50% interest in December 2019. Trilogy contributed all its UKMP assets—some 172,675 hectares—to the JV while South32 contributed US$145 million.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesUnder the agreement, Kennecott can accelerate the earn-in and has the right to elect to form a joint venture after completing either the first, second or third option.Emgold is acquiring 100% of New York Canyon from junior Searchlight Resources by paying a further C$300,000 over 18 months under a deal agreed in mid-2019.  ...Read More