By: Gary SavageAnother secular bull market in gold underway. Long basing phase is over, lots of volatility back and forth.. 7 minute long video with long-term gold chart view.https://blog.smartmoneytrackerpremium.com/Read More

"Advice is what we ask for when we already know the answer but wish we didn't." Erica Jong, American novelist, satirist, poet; b. 1942 "To different minds, the same world is a hell, and a heaven." Ralph Waldo Emerson, American essayist, poet, lecturer, philosopher; 1803-1882 "The task of beating the market is not difficult. It is the job of beating ourselves that proves overwhelming." Martin P...Read More

StrengthsThe best performing metal this week was palladium, up 6.48 percent, notching its best weekly advance since June. While global car sales are weak, loadings for their catalytic converters are going up with regulatory requirements. Gold traders and analysts were spilt on their outlook for the yellow metal next week after this week saw big price swings due to U.S.-Iran tensions escalati...Read More

Clive MaundIt has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top General by a US drone, but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who demanded revenge. The next surprise was that Israel and the US did not use this retaliation as an excuse t...Read More

Silver's open interest is rising and within 10,000 contracts of its record high...submitted by J. JohnsonGreat and Wonderful Monday Morning Folks, Gold is trading at $1,554.40, down $5.70 after being dipped to $1,547.00 with the starting point high at $1,563.10. Silver is down 8 cents at $18.025 after going below the Maginot line again hitting $17.940 before it recovered with the high at...Read More

RAPAPORT... Alrosa's sales increased 11% year on year to $363.8 million in December as demand in the manufacturing sector continued to rebound, the Russian miner said Monday."In December, we observed signs of stabilizing diamond demand that had emerged earlier in the second half of the year amid the gradual restoration of market balance," said Alrosa deputy CEO Evgeny Agureev. The month...Read More

RAPAPORT... Phillips has appointed Paul Redmayne head of private jewelry sales as part of its efforts to expand its jewelry department internationally, the auction house said Monday.Redmayne, who will be responsible for managing relationships with top jewelry collectors around the world and fostering private sales, joined Phillips from Bonhams, where he was the head of sales for jewelry. He i...Read More

RAPAPORT... Sales at Chow Tai Fook's mainland China stores grew in the third quarter amid a significant expansion of the jeweler's network in the country. Total retail sales climbed 17% year on year in China for the three months ending December 31, while same-store sales - at locations open for more than a year - rose 2%. Chow Tai Fook added a net 279 points of sale in the country d...Read More

RAPAPORT... US diamond shipments fell in November, according to government data. Polished imports declined19% as lower volumes outweighed an increase in the average price. US Trade Data for November 2019Read More

(IDEX Online) - Alrosa has announced that for December 2019, it sold $363.8 million worth of rough and polished diamonds (+11% year-over-year). Rough diamond sales by value amounted to $352.1 million, with polished diamond sales totaling $11.6 million.The company's total rough and polished diamond sales for 2019 amounted to $3.338 billion. During the year, Alrosa's total rough diamonds s...Read More

(IDEX Online) - CIBJO, the World Jewellery Confederation, is holding a seminar at the upcoming Vicenzaoro trade fair that will provide practical guidance and viable solutions for SMEs operating in the international jewelry sector. The "Does Size Matter?" seminar will outline the requirements for responsible sourcing, supply chain integrity and environmental sustainability and will present the...Read More

(IDEX Online) - The Perth Mint has released the "Jewelled Tiger," the third release from its range of diamond-studded coins showcasing mythical and real animals from Asia. The tiger is pav?? (C) set with almost three carats of fancy vivid intense pink diamonds from the Argyle diamond mine.The coin is made from 10oz of 99.99% pure gold. The tiger, which has two vibrant green Columbian Muso Emeralds...Read More

(IDEX Online) - The Bharat Diamond Bourse (BDB) has announced it will x-ray all diamond parcels at the customs area of the bourse. This move will prevent any illegal cargo being added to diamond parcels and comes in response to the discovery of an electronic item in a parcel of diamonds. In this instance, a logistics company took the from the precious cargo customs clearance centre (PCCCC) at...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Lululemon added $5.77 to $240.61 after the company raised its fourth quarter earnings and revenue guidance.Goldman Sachs gained $1.29 to $243.40 after JMP Securities upgraded the stock to Outperform from Market Perform. General Motors (GM $34.65) is expected to open higher after announci...Read More

In recent decades, the Fed has engaged in a series of policy interventions and market manipulations that have paradoxically left it more powerful even as those interventions left a trail of crashes, collapses and calamities.This contradiction between Fed omnipotence and Fed incompetence is coming to a head. The economy has been trapped in a prolonged period of subtrend growth. I've referred to it...Read More

We’ve all seen zombie movies where the good guys shoot the zombies but the zombies just keep coming because… they’re zombies!Market observers can’t be blamed for feeling the same way about former Fed Chair Ben Bernanke.Bernanke was Fed chair from 2006-2014 before handing over the gavel to Janet Yellen. After his term, Bernanke did not return to academia (he had been a profe...Read More

German engineering giant Siemens will honour a controversial contract to supply signalling systems to Adani's Carmichael coal mine in Australia, despite being under fire for the project's alleged climate implications."We have just finished our special meeting ... We have evaluated all the options and have concluded that we must fulfil our contractual obligations," chief executive, Joe Kaeser, twee...Read More

The Dow Jones Industrial Average rose 0.66% to 28,823.77 and the S&P 500 Index gained 0.94% to 3,265.35. Spot gold climbed US$9.80 per oz. to finish at US$1,562.10 per ounce.Nutrien, the world's largest provider of crop inputs and services, bought 100% of the equity of Brazilian agricultural retailer Agrosema Comercial Agricola. Agrosema has annual sales of US$60 million across 12 farm centres, wi...Read More

The S&P/TSX Venture Composite Index fell 0.87% to 582.35. Spot gold moved higher to US$1,562.10 per oz., up US$9.80 per ounce.Shares of K92 Mining rose 20 ? to $3.20 on the back of record annual production from its Kainantu mine in the Eastern Highlands of Papua New Guinea. The company reported 2019 production hit a record 79,838 oz. gold, 951,792 lb. copper and 22,984 oz. silver for a total of...Read More

The S&P/TSX Composite Index rose 0.99% to 17,234.49 during the first full trading week of January. The S&P/TSX Global Mining Index fell 1.15% to 80.85, the S&P/TSX Global Base Metals Index lost 1.06% to 107.11, and the S&P/TSX Global Gold Index (USD) dropped 2.39% to 226.12. Spot gold climbed US$9.80 per oz. to US$1,562.10 per ounce.Record quarterly and year-end results sent Kirkland Lake Gold up...Read More