By: Avi Gilburt, ElliottWaveTraderI know that many investors follow correlations as if they were gospel. But, do they really understand what a correlation represents?You see, markets are not linear in nature. While two different markets may be traveling in the same direction for a period of time, unless you understand each chart on its own, how will you ever know when a seeming correlation will...Read More
By: Ira EpsteinGold bias remains still to the downside. Daily gold chart shows drifting sideways for a very long time:Read More
Gold will break free from $1470-$1490 trading range and form a new range. Silver will break free from $1660-$1750 and form a new range. Copper and crude oil need to trade over current price to be in bullish zone. Trump and his impeachment related news and the US political drama needs to be closely watched. Do not ignore economics. 2019 will go down as the year where voters have given a larger th...Read More
RAPAPORT... De Beers has provided its rough-diamond clients andForevermark partners with guidelines on how to operate in the lab-grown diamondmarket if they wish to continue tapping into its branding.The mining company, which in 2018 forayed intogem-quality synthetics with the launch of its Lightbox brand, is demanding businessesmake full disclosure about their product, segregate synthetics f...Read More
RAPAPORT... Manufacturing Jewelers & Suppliers of America (MJSA) hasreelected Steven Cipolla as its chairman for another one-year term.Cipolla is president of National Chain Group, a contractmanufacturer and supplier based in Rhode Island. He has served on the boardsince 2013, becoming chairman in 2016. The board also took onfive new directors, who were elected tothree-year terms, the tra...Read More
RAPAPORT... De Beers' rough sales totaled $425 million in December,the highest since April, as lower price levels and better profit marginsspurred an upturn in demand from sightholders. Buyers are returning to the market after six months ofsluggish activity, market sources said. While sales were 22% lower than a yearago, they improved compared with November's total of $400 million, De Beersreporte...Read More
RAPAPORT... Italian luxury-goods industry group Altagamma has appointedPomellato CEO Sabina Belli as vice president of its jewelry division. Belli will take on the role in addition to her responsibilities at Pomellato. She has been with the Kering-owned brand since 2015,starting out as managing director. She previously worked as managing director of brand and communications at Bulgari. The g...Read More
RAPAPORT... Pandora has hired Carla Liuni as chief marketing officer as the jeweler continues it efforts to reignite consumer demand. Liuni was general manager of Procter & Gamble's luxury personal-care division, Prestige, for 20 years. She joined Bulgari in 2015 as worldwide head of marketing and communication. "As part of our turnaround program, we are significantlystepping up our mark...Read More
Aim-listed miner Vast Resources on Wednesday confirmed that progress continues to be made towards drawdown of tranche one of the binding documentation with Atlas Capital Markets.Both parties are said to be working together with the intent to effect the drawdown before December 31, 2019.AdvertisementFurther announcements are expected as it progresses.To watch Creamer Media's latest video reports, c...Read More
Anglo American has announced that the value of rough diamond sales for De Beers’ tenth cycle of 2019 amounted to $425-million.This is an improvement of $25-million on the ninth sales cycle, which saw De Beers rake in $400-million.AdvertisementCEO Bruce Cleaver said that the company saw “further signs of steady demand” during the cycle following continued polished diamond price st...Read More
Broader markets are generally weaker this morning, Wednesday December 18, with equities in Asia mainly lower, metals mixed and havens little changed.In Europe, fear that a hard Brexit has not vanished is weighing on sentiment, especially in sterling, while a lack of detail on the United States-China trade deal has made it difficult for markets to see further follow-through buying. Equities in Asia...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. The Canadian Dollar was virtually unchanged at 76.06 following release of Canada's November Consumer Price Index at 8:30 AM EST. Consensus for November CPI was a decline of 0.1% versus an increase of 0.3% in October. Actual was a decline of 0.1%. FedEx dropped $10.70 to $152.53 after repo...Read More
Yesterday we likened the economy to an overswollen tick, obese with blood.Rather than blood, the economy is obese with debt.Like our ludicrously engorged arachnid, the economy cannot much expand. It is impossibly loaded down... and groans under the burden, horribly swaybacked.The economy will continue to wallow - unless it can shake off the weight.But how can it?Today we blow the dust off an ancie...Read More
SAO PAULO, BRAZIL - With prices down nearly 10% in 2019, now is not an easy time for zinc miners. Measured from the highs hit from March to April, the metal - used mostly to galvanize steel and as an alloy - is down more than 20%. That's officially a bear market.Zinc's fortune compares with that of nickel, which despite a sharp correction recently, finished 2019 up about one-third. On-again off-ag...Read More
The Atacama Environmental Assessment Commission has approved the environmental impact study on Gold Fields' (NYSE: GFI) Salares Norte project in northern Chile - paving the way for the company to proceed with a construction decision in the first half of 2020.Capital costs for the open-pit project are estimated at US$834 million in a feasibility study completed in late 2018, and the company says it...Read More
Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has accused Endeavour Mining (TSX: EDV) of making it difficult for the company to assess the value of a potential business combination unless it agrees to extending a firm offer deadline.The London-listed gold miner said that since Endeavour was not engaging in a "proper manner," it would not ask U.K. regulators for an extension to a Dec. 31 b...Read More
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesTulkubash, Kyzyltash to add 400,000ozpa to Chaarat profileSPONSOREDI am oft accused of being a curmudgeonly old grumble bum, which, to be fair, is not as far from the truth as I might wish.Read More
Join Ellis Martin for a conversation with Frank Holmes. Mr. Holmes is the chief executive and chief investment officer at U.S. Global Investors (NASDAQ:GROW), which specializes in natural resources and emerging markets investing. U.S. Global, based in San Antonio, Texas, is the adviser to nine U.S. mutual funds and two (ETFs), the U.S. Global Jets ETF and U.S. Global GO GOLD and Precious Metal Min...Read More
Join Ellis Martin for a conversation with Frank Holmes. Mr. Holmes is the chief executive and chief investment officer at U.S. Global Investors (NASDAQ:GROW), which specializes in natural resources and emerging markets investing. U.S. Global, based in San Antonio, Texas, is the adviser to nine U.S. mutual funds and two (ETFs), the U.S. Global Jets ETF and U.S. Global GO GOLD and Precious Metal Min...Read More
EL cuerpo decapiutado de un joven fua abandonado en las calles de Nezahualc??yotl, luego de que perdiera la vida por defender a su novia de una agresi??n.18 diciembre de 2019 COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebook.com/ExcelsiorMexTwitter: https://...Read More