General Electric Co announced it was freezing its pension fund for about 20,000 U.S. employees with salaried benefits as the Pension Crisis continues to build. Its pension Continue...Read More
"The problem is the gap between this year and last year is huge. It's like 50% increase in the amount of selling that has to be done."Continue...Read More
"It offers institutional investors a competitive alternative to traditional gold products such as gold ETFs, with the additional benefits of real-time trading and settlement enabledContinue...Read More
Fundamental factors are still in place to push gold prices up, but momentum will not be sustained without price corrections along the way, this according to Peter Hug, global trading director of Kitco Metals."If you use tthe argument based on our global debt, [gold bulls are] right, gold should be higher than where it is at $1,500 and I think the day will come when gold will surpass the 2011 high,...Read More
Sector expert Michael Ballanger's take on this week's news from the financial markets informs his most recent investment decisions. It's a funny thing that happens when the stress of financial insolvency bubbles up to the surface. Decisions once considered "routine" (like brushing one's teeth or walking one's dog) suddenly have life-or-death outcomes, complete with cold sweats, sleepless nights...Read More
As the correction in gold stocks continues and as it’s likely to endure for the time being, we take a step back and share some tips for selecting individual junior gold companies.The current correction may provide the last chance to buy before the bull market in Gold is confirmed and capital pours into the junior sector and pushes up prices.Here are three of our best tips to help you spot th...Read More
If you look at the manufacturing data only, the relative strength of the jobs figures surprised. Another positive development were the upward revisions for August and July. The unemployment rate again dropped, this time to 3.5 percent. What will that mean for the Fed and gold?September Payrolls Slow Down, but Unemployment Rate Drops AnywayThe U.S. created only 136,000 jobs in September, following...Read More
1. It is led by institutions and funds, not private investors. Global quantitative easing created a huge and mobile pool of capital in constant need of a place to call home. As the need for a safe haven became apparent among the stewards of that capital, the demand for gold flourished. The consistent presence of funds and institutions as buyers in this rally, as represented by the growth in...Read More
By Daniel R. Amerman, CFAAs can be seen in the graph below, there is an almost uncanny similarity between housing prices at the 2006-2007 peak, and current home prices.The biggest difference is that current home prices are substantially higher. Should we be worried about a repeat scenario - and another six year decline in home values?This analysis explores in detail the similarities between 2006...Read More
Dave KranzlerThe Bank for International Settlements (BIS) - the Central Bank of Central Banks - released two reports on "unconventional policy tools" - e.g. QE/money printing and interest rate suppression. It concluded that the extreme Central Bank interference since 2008 has had a negative impact on the way in which financial markets function.While Jerome Powell and his "Gang That Couldn't Sh...Read More
SRSrocco The rate at which black swans are showing up in the world should scare the hell out of people. But, unfortunately, everyone seems to be lost in the highly complex technology of I-phones, computers, social media, and the telly to notice that something is definitely wrong. The current situation reminds me of a famous scene in the Monty Python movie, The Holy Grail, where a guy is ba...Read More
By: Ira EpsteinGold $1,515 a problem for gold. $1,540 level resistance area. Market in a stall..Read More
Lack of alternate investment avenues and fear of more recession has resulted in investors flocking to gold and silver. Even bitcoin and other crypto currencies are selling off. Investors and traders have not choice but to invest in gold and silver. Currency markets are not very volatile. Traders invest in investment instruments which are highly volatile. Gold and silver are highly volatile apart...Read More
Silver's current pop is not bullish...it's an ambush!by Przemys?,aw Radomski via Sunshine ProfitsThe entire precious metals sector rallied yesterday, but the upswing was particularly visible in case of silver and (especially) mining stocks. Both: silver, and miners moved to new October highs. Silver's breakout was tiny, but miners rallied relatively significantly and that's the part of the curren...Read More
The "world's most exciting daily chart" is the magnificent silver chart...by Stewart Thomson of Graceland UpdatesGraceland Updates 4am-7amhttps://www.gracelandupdates.comhttps://gracelandjuniors.comhttps://gudividends.comhttps://guswinger.comhttps://gublockchain.comEmail:[email protected][email protected][email protected][email protected][email protected]Here's the world's most exciting daily...Read More
Diamond market quietover Jewish holidays. Slight improvement in India ahead of Bharat Diamond Week,with buyers looking for polished before Diwali break (Oct. 27). Shortages inRapSpec A3+, nonfluorescent goods as manufacturers maintain low production.China retail sales +8.5% during Oct. 1 Golden Week. Luxury brands shiftinghigh-ticket items from Hong Kong to Shanghai stores. LVMH 3Q jewelry &wa...Read More
RAPAPORT... The Diamond Producers Association (DPA) has unveiled amultimedia campaign tracing the entire story of a diamond from volcanic eruption to its purchase as jewelry.The new cinematic ads, titled "The Diamond Journey" and ranging from 15 seconds to threeminutes, are part of the organization's "Real Is Rare, Real Is a Diamond" series. The pieces highlight the connection between diamond...Read More
RAPAPORT... The Federation of Belgian Diamond Bourses has introduced aban on lab-grown sales in Antwerp's four trading halls. While synthetics trading is still rare in Antwerp, theumbrella group took action last month because it views the exchanges as promotersof natural diamonds, explained Willy Rotti, president of the federation.Lab-grown will still be permitted in companies' offices, where...Read More
RAPAPORT... LVMH Mo?<
(IDEX Online) - Alrosa has appointed Evgeny Agureev as deputy CEO of Alrosa. Agureev will continue to lead the United Selling Organization, of which he is a director, and oversee the sales unit. In his new role, Agureev will continue to develop sales, improve efficiency and transparency and strengthen ties with long-term clients.Alrosa also announced that its sales of rough and polished diamo...Read More