As a student of market history, I always find it interesting, and even sometimes quite comical, how certain fallacies about markets are continually propagated by investors and analysts alike. Throughout my career in writing about metals, I have tried to bring many of these to light, and explain why so many of the fallacies should be ignored.The latest in the string of fallacies relates to the Comm...Read More

- SRSrocco Gold continues to move higher due to trouble in the Fed Repo and U.S. Treasury Market. In the first hour of business today, the Fed has already injected $57 billion in the Repo Market. While the Fed's Repo Market injections did not spike at during the last few days of 2019, as many analysts forecasted, there's still BIG TROUBLE ahead. There have been many reasons attributed to t...Read More

- Stefan GleasonThe year ahead promises to be an eventful one. It will, of course, be dominated by political headlines leading up to the 2020 election. It could also be a big breakout year for precious metals.In the second part of Money Metals' 2020 Outlook, we'll drill down on the fundamental and technical setup for gold and silver...However, in this first part, we'll set the stage by digging i...Read More

Stewart Thomson 1. I predicted gold would bottom in mid-November and it did. Please click here now. Double-click to enlarge this fabulous daily gold chart. 2. A lot of amateur gold investors have missed this rally. That's partly because they thought the "smart money" was shorting a lot of gold on the COMEX. 3. What they probably overlooked was the possibility that the s...Read More

2019 was marked by a big rise in gold, silver and palladium rise among the metals. Natural gas was the biggest looser. UK Pound or cable as we call it was nosedived on brexit but also recovered lost ground after thumping mandate to Boris Johnson in UK elections. Japanese Yen and Euro traded mostly in a range and a trend. Indian rupee had weakened against the US dollar in 2019. There is massive d...Read More

By: Ira EpsteinGold daily chart in a resistance area, what to look for next:Read More

Shenzhen Stock Exchange Center. Credit: Samuel Wang via Flickr A public sale for assets originally valued at nearly 25 billion yuan ($3.5 billion) owned by Qinghai Salt Lake Potash Firm (SHE: 000792) has failed. China's largest potash producer - dubbed the nation's "potash king" - closed the sale Wednesday on Alibaba's Taobao platform without a single bid, and is now liable for a potential invent...Read More

Silver looks extraordinarily cheap here, with its price being way below its 2011 highs, especially taking inflation into account, and...by Clive Maund of Streetwise ReportsWhile silver's charts do not yet look as positive as gold's, that is normal at this early stage in the cycle, when gold is favored over silver, which attracts more speculative interest as the bull market progresses.Nevertheless...Read More

Gold ore. Photo by James St. John, Wikimedia Commons. Airborne survey results from Red Lake Gold's 212 sq. km Whirlwind Jack project in Ontario suggest that the LP fault zone extends for at least 12 km westward onto the property.In the fall, Red Lake Gold completed a 2,045 line-km airborne survey on a 50 metre spacing which was flown on a low-level grid pattern and covered the eastern portion of...Read More

Happy New Year! Diamond market gaining confidence for 2020 after relatively good holiday season. Polished prices stable, supported by US and Chinese holiday demand. 1 ct. RAPI -0.2% in Dec. and -5.3% for full year. RAPI for 0.30 ct. +1.7% in Dec. due to China orders, amid positive outlook for Jan. 25 lunar festival. Hong Kong luxury weak as protesters start year with massive demonstration. Dealer...Read More

Polished market quietwith very few foreign buyers in Mumbai over the New Year holiday. Manufacturersraised production since Diwali but continue to operate below capacity. Roughdemand improving amid shortage of better-quality (RapSpec A3+) goods and inanticipation of first-quarter inventory replenishment. Local jewelry marketlimited by high gold prices. RoundRead More

RAPAPORT... Israel has an opportunity to forge a new specialism in diamond synthesis as its polishing sector diminishes, according to a leading hi-tech executive and founder of a lab-grown venture.The country's once-thriving diamond-manufacturing industry has mostly shifted to India, with only a trading sector remaining, noted Benny Landa, a pioneer of digital printing and chairman of Israel-based...Read More

RAPAPORT... Last year will go down as a difficult one for the diamond industry. While manufacturers took the biggest hit with thin profit margins, tight liquidity and excess supply, miners also suffered as rough demand slumped. Plenty of global events also affected the trade, from stock-market volatility to street protests in Hong Kong.The Rapaport Weekly Market Comment is a much-read summary of s...Read More

(IDEX Online News) - The old year ended with more of a fizzle than a bang, at least where polished diamond prices were concerned. December 2019 prices started at 120.90 and ended at almost the same point - 120.93 - with a slight dip mid-month.   OutlookDemand for polished goods remained low in December, this was especially true for the larger, higher-priced items even though their p...Read More

RAPAPORT... For Andrea Hansen, a Blue Nile ad that ran during the 2015 holiday season perfectly captures the problem with jewelry retail. In it, a young man is looking at engagement rings through the window of a mom-and-pop store when a cringe-worthy salesman in a cheap suit bursts forth asking if he needs help. The gent promptly flees, and the point is made. (See video at end of article.)"Th...Read More

(IDEX Online) - Auction site eBay has released its annual "Most Interesting and Expensive Purchases" of the year list. While watches and jewelry couldn't compete with the biggest buy on the site - the 20th annual power lunch with Warren Buffett to benefit GLIDE, which sold for: $4.6 million, they put in a good show. The top-selling jewelry items included a gold ring featuring a 5.01 yell...Read More

Gunnison mine, Arizona. Image from Excelsior. Excelsior Mining Corp. (TSX: MIN) confirmed Thursday it has started mining operations at the Gunnison copper project in southern Arizona.Following a commissioning program that has been ongoing for several weeks, Excelsior received regulatory approval in late December to begin mining operations at Gunnison. Delivery of mining fluids to the copper orebo...Read More

U.S. equity index futures were higher this morning. S&P500 futures were up 19 points in pre-opening trade. Index futures were buoyed by another 1.15% gain by the Shanghai Composite Index to 3,085.20.Schlumberger added $0.24 to $40.44 after Stifel Nicolaus raised its target price to $47 from $45.Halliburton (HAL $24.42) is expected to open higher after Stifel Nicolaus raised its target price to...Read More

QUESTION: Marty, you laid out gold’s forecast back in October 2018 which has been amazing long-term. While you said if gold would rally after the Pi turning point from a bounce off the downtrend line, then it should rally into the bottom of the ECM. Will you now publish the gold report? I know you have been really busy. But it would be nice to hear from you. Socrates has been bullish since t...Read More

Sierra Metals (TSX: SMT; NYSE-AM: SMTS) has updated the resource for its Bolivar underground mine in Chihuahua state, Mexico based on 13,698 metres of infill drilling and 41,553 metres of exploration drilling between November 2017 and September 2019.Bolivar's indicated resources now stand at 11.63 million tonnes averaging 0.95% copper, 18.1 grams silver per tonne and 0.24 gram gold, or 1.17% coppe...Read More