Silver is still in consolidation mode sinceearly September, but could be close to a resolution.Below, is chart of silver: On the chart there appears to have formedsome fractals. The current one has also broken out at the blue line in middleto late December of 2019, and is currently retracing.It would be ideal for it to find support atthe 50-day MA or higher. Any lower and the pattern might be inva...Read More

Jordan Roy-Byrne CMT, MFTA The precious metals sector remains in a correction, and as long as the 200-day moving averages hold, a bullish consolidation that began last September.Sure, Gold made a new high and is still holding around the previous high, but the rest of the sector has not confirmed that strength. When Gold is outperforming Silver and the gold stocks, it is not a bullish signal for...Read More

- RambusIn part 2 of this Important Inflection Point For the PM Complex, we'll look at some US dollar charts along with a few important currencies of the world. I don't have to tell you that the US dollar can play a very important role in how the PM complex and commodities in general may perform. Even though it's never a perfect correlation important turning points can appear very close to the...Read More

- Gary Christenson, Deviant InvestorIn the red corner, unpayable debt threatens to crush the US economy, stock and bond markets, and main street Americans.In the green corner, the levitating power of the Fed might save the economy, stock and bond markets, and Wall Street Banks.Red or green? Who wins?Breaking news: Apple stock closed over $315. The S&P 500 Index closed over 3,300 in January....Read More

By: Ira EpsteinGold is in a sideways market since missile day. Holding its 18-dma:Read More

Safe haven demand (due to Chinese corona virus) is supporting gold. I expect a rise in Chinese gold demand during the Chinese New year, if the virus is not contained in the next two weeks. Chinese economy will see a short term hit. More and more Chinese will buy gold out of fear. It is the fear of the unknown that will drive more and more people to gold.Chinese authorities are acting quickly. It...Read More

January Silver Deliveries continue to make anyone who watches these antics frustrated because the cloud of secrecy continues...submitted by J. Johnson via JS MinesetGreat and Wonderful Thursday Morning Folks, Gold is lower in the early morning with the trade at $1,560.00 (April Contract) down $3 and recovering from the London Bop at $1,557.50 with the high to beat at $1,569.40. March Silve...Read More

Polished sentiment positive following steady holiday sales. Strong interest in 0.30 ct., D-F, IF-VS1, but high-end 3 ct. and larger weak. Increasing rough demand raising polished-oversupply concerns as large quantities expected to enter market in coming weeks. De Beers lifts prices in some categories at Jan. sight and plans changes to rough buying criteria. De Beers 2019 sales -8% to 31M cts. Alro...Read More

Polished slower than usual for this time of year. Dealers worried about repeat of 2019 diamond glut as they anticipate influx of rough following large De Beers and Alrosa January sales. Chinese New Year offering some optimism for suppliers. Local Indian jewelry market weak amid tight liquidity and high gold prices. RoundRead More

RAPAPORT... De Beers plans to abandon its practice of using sightholders' purchase history as the main factor in determining how it allocates rough supply, sources have told Rapaport News.The move, which would go into effect from 2021, would see the miner shift to more subjective criteria for deciding the value of goods each client receives.The current system, known as "demonstrated demand,"...Read More

RAPAPORT... Craig Danforth will join the advisory board of Gem Legacy, a nonprofit organization dedicated to supporting African colored-gemstone mining communities.Danforth, the vice president of client solutions for Jewelers Mutual Group, has more than 25 years of experience in training, sales, marketing and finance, Gem Legacy said Tuesday. He is also on the board of directors for the Women...Read More

RAPAPORT... DelGatto Diamond Finance will provide funding directly to customers of rough and polished tender operator Koin International. "All buyers can obtain financing," DelGatto founder Chris Del Gatto told Rapaport News Wednesday. "It will be up to them if they want to reach out to us prior and discuss what they think they want financing-wise, or they can even do it the day of the tender...Read More

(Press Release) - Over the last several years the HB Company principals have worked solely on the ambition to transform the diamond supply chain, creating a new transparent ecosystem, reconnecting the consumer with the rare beauty of the rough stone.  The company announces a ground-breaking collaboration with Louis Vuitton and Lucara Diamond Corp, to manufacture the historic, record sett...Read More

Investment in South African exploration has been lean of late, with numerous factors contributing to this reality, including the state of the economy and the ability to secure seed funding, says Investing in African Mining Indaba head of content Tom Quinn, of UK event organiser Hyve Group.Themed Optimising Growth and Investment in the Digitised Mining Economy, Investing in African Mining Indaba 20...Read More

(IDEX Online) - Alrosa has announced that the diamond price index for 2019 dropped 6 percent over 2018. For the fourth quarter, it fell 2 percent compared to Q3 2019.In the fourth quarter, the average realised price for gem-quality diamonds increased 9 percent (down 3% y-o-y) to $148 per carat. For the full year, prices totaled $133/ct (down 19%).Fourth quarter rough and polished sales revenue inc...Read More

(IDEX Online) - Jewelers Mutual has arranged additional surveillance for commercial lines policyholders in an unnamed state in the Midwest because of what it terms suspicious activity. This is the second time in the past few months that the company has had to do so. In October 2019, Jewelers Mutual provided extra security surveillance to policyholders in California during widespread power out...Read More

(IDEX Online) - BlueRock Diamonds has announced that it operated profitably for the first time in the second half of 2019. The miner started operations in 2012.The AIM-listed diamond producer, which owns and operates the Kareevlei DiamondMine in the Kimberley region of South Africa said its revenue was up 190 percent to ?, ?4.1 million ($5.4 million) for full year 2019. The miner sold 12,675...Read More

(IDEX Online) - Anglo American today (Thursday) announced that De Beers' Q4 2019 production dropped 15 percent to 7.8 million carats compared to Q4 2018 (9.1 million carats). The company said the lower figures were because of lower production levels in South Africa and Botswana.For the full year, De Beers' diamond production totaled 30.8 million carats, a drop of 13 percent compared to 2...Read More

Diversified miner Anglo American delivered on its production targets across the business for the year ended December 31, CEO Mark Cutifani said on Thursday with the release of the group’s unaudited production results for the fourth quarter and the full-year.Production was up 4% for the fourth quarter, led by the continued successful ramp-up at the Minas-Rio iron-ore mine, in Brazil.Advertise...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 resourcesCase study: platform financeSPONSOREDminexiaMacquarie Capital has been appointed to manage the process after Orion received expressions of interest relating to the potential acquisition...Read More