With gold and silver prices having tumbled, sector expert Michael Ballanger outlines how he will weather the storm."People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong."—G. Edward Griffin, author of The Creature from Jekyll IslandMy usual weekend missive was mildly delayed for a very...Read More
Yes, you read thatright. Despite all the bearish developments that we described in the previousanalyses,and despite myriads of bearish factors that remain in place for the followingmonths, it seems that the white metal is about to rally. Gold, and miningstocks could move higher as well, and we’ll move to that shortly. For now,let’s talk silver. Inparticular, we’re going to discus...Read More
Currently, commodity prices are the cheapest they’ve been in over 40 years compared to equity prices. US Equities have continued to rise over the past 7+ years due to a number of external processes. QE1, 2, 3, and Fed Debt Purchases Share Buy-Backs and creative credit facilities. Only recently have investors really started to pile into the US stock market (see charts below)...Read More
The prevailing wisdom that sees explosive and long-term potential for U.S. shale may rest on some faulty and overly-optimistic assumptions, according to a new report.Forecasts from the U.S. Energy Information Administration (EIA), along with those from its Paris-based counterpart, the International Energy Agency (IEA), are often cited as the gold standard for energy outlooks. Businesses and govern...Read More
Dear Friend of GATA and Gold:If you want to know which investment houses have been getting the infamous "repo" loans from the Federal Reserve Bank of New York in recent weeks, as GATA has wanted to know, you'll have to wait two years, according to a letter received from the bank today in response GATA's request for the information.The delay, the New York Fed's letter says, is authorized by the D...Read More
By: Ira EpsteinGold resistance in DEC-Gold around $1485-1488. Neutralize the bear case short-term with a move above $1,496:Read More
There will be short covering and renewed buying in gold and silver if they rise today and tomorrow. Better to wait and watch before going short. Crude oil if it rises till Monday will break past $60.00 and may be even form a lower base at $60.00. China is in a recession. There is severe jobs woes in China just like India. Chinese urban jobless rate continues to climb. Chinese service activity ex...Read More
Technical glitches on familiar websites aside, here's why $6 overnight moves in the price of silver could happen...by Matt from Silver Fortune via Silver FortuneLast Sunday obviously was an error, but what if something like that did happen?Support Silver Fortune through Patreon: https://www.patreon.com/silverfortune Read More
Despite all the bearish developments, it seems that silver is about to rally. Here's why...by Przemyslaw Radomski via Sunshine ProfitsYes, you read that right. Despite all the bearish developments that we described in the previous analyses, and despite myriads of bearish factors that remain in place for the following months, it seems that the white metal is about to rally. Gold, and mining st...Read More
Polishedmarket stable and showing rise in demand for 0.30 to 0.50 ct. Reducedmanufacturing has led to shortages of top-quality RapSpec A3+ goods. Roughtrading steady after price cuts at $390M Nov. De Beers sight. Alrosa 3Q profit -44% to $212M with concern over built-up21.7M ct. inventory. Retail outlook optimistic as Dow hits record (+19%YTD to 27,783). Ongoing unrest dampens Hong Kong luxury. Ri...Read More
Mumbai trading back tonormal after Diwali break. Israeli and Korean buyers looking for SI and I1goods. Surat cutters to resume operations on Nov. 18. Manufacturers resistingpressure to reduce polished prices after rough declines. Volatile rupee (INR72/$1) adding to market uncertainty. Jewelers expecting sales to pick up duringupcoming wedding season. RoundRead More
RAPAPORT... Bonhams is set to auction jewelry from the privatecollection of international best-selling author Barbara Taylor Bradford amassed during her 57-year relationship with her movie-producer husband. A radiant-cut, 11.30-carat, fancy-yellow, VS1-claritydiamond ring, flanked by baguette-cut diamonds, will lead the December 4 LondonJewels sale, Bonhams said Wednesday. The stone, which ha...Read More
RAPAPORT... India's polished-diamond exports fell 15% to $1.95 billion inOctober, reflecting a 22% slide in the average price of shipments. Export volumerose 8% to 2.8 million carats, according to data from the Gem & JewelleryExport Promotion Council. The nation continued to import much lower quantitiesof rough than a year ago as companies worked down their inventory. India Trade Data for O...Read More
RAPAPORT... A sapphire and diamond bracelet fetched more than doubleits high estimate at Sotheby's Geneva auction, selling to a female Asian collector after a bidding war. The piece contains a 47.07-carat, royal-blue Burmesesapphire center stone with high clarity, cut in a cabochon shape and flanked bytwo pear-shaped white diamonds weighing 9.27 carats and 8.60 carats. Created byCartier...Read More
(IDEX Online) - A 1927 Art Deco bracelet by Cartier tripled its pre-sale estimate at Sotheby's, realizing $6.13 million. After generating interest from six buyers, the bracelet was bought by an Asian collector. The bracelet, which is set with a 46.07-carat cabochon sapphire, realized one of the highest results for a bracelet at auction. "The magic of Art Deco continues to exer...Read More
(IDEX Online) - The European Commission is enforcing a new customs code for lab-grown diamonds. The European Federation of Jewellery (EFJ) said the code, introduced in the European combined nomenclature (Chapter 71), will be used from January 1, 2020 until the HS6 customs code, which was recently adopted by the World Customs Organisation (WCO), is applied at the European level.The EFJ said in a co...Read More
(IDEX Online) - A new survey reveals just how much marketers need to take generational differences into account to make the most of the holiday shopping season. According to insights from the 2019 Holiday Purchase Intentions Survey from The NPD Group, each generation's holiday shopping plans looks very different. So, how do the generations break down?Gen ZAbout one-third will start shopp...Read More
(IDEX Online) - Former IGI head Jerry Ehrenwald has launched a laboratory grown diamond exchange and price index. The Laboratory-Grown Diamond Price Index will use market data from LGDEX.org to publish cash asking prices.The Index will be prepared in collaboration with the GemGuide of Gemworld International."My purpose in establishing the Laboratory-Grown Diamond Exchange is to have an accurate an...Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningPolymetal building with good momentumSPONSOREDpolymetal internationalIronRidge derisks through diverse discoveries SPONSOREDironridge resources Investing in African Mining Indaba 2020SPONSOREDindabaThe sub-level caving operation will feature 21 sub-levels and a crushing station 1km below the surface to control noise and air impacts, with cru...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipNordic Mining prepares for lift-offSPONSOREDnordic miningPolymetal building with good momentumSPONSOREDpolymetal internationalRockcliff is aiming to increase confidence in Talbot's inferred resource, which it describes as within trucking distance of the company's leased, plus-1...Read More