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
(IDEX Online) - The International Council of Shopping Centers predicts that holiday spending will reach $832.3 billion, with 90 percent of shoppers spending in physical stores. This is a rise of 4.9 percent over last year, according to the annual Holiday Shoppings Intentions Survey, which also found that average holiday-related spending will total $683 per person.According to the survey, 97 percen...Read More
(IDEX Online) - Lucapa Diamond Company Limited reported strong production for both the Lulo and Mothae mines in the September 2019 quarter. The mines achieved a quarterly production record of 14,610 carats during the quarter, which the company says are in line with its strategy of expanding high-value diamond production to maximize revenue.Production increased 67 percent year-over-year at the Lulo...Read More
(IDEX Online) - The Responsible Jewellery Council has entered into a partnership with the United Nations Global Compact to develop best practice impact case studies for building awareness and educating key stakeholders across the jewellery supply chain from mine to retail on how businesses can contribute to the Sustainable Development Goals (SDGs).The RJC Code of Practices covers legal and regulat...Read More
South Africa's mining production decreased by 3.2% year-on-year in August."Due to its large weight in the mineral group basket of about 24%, the 12.5% year-on-year decline in the platinum group metals (PGMs) output subtracted three percentage points from the overall sector’s production decline.Advertisement"The other large negative contributors were diamonds, which decreased by...Read More
Russian diamond miner Alrosa has appointed Evgeny Agureev its deputy CEO to improve the supply chain of the company and look for new approaches to stimulate rough diamond sales.The 41 year old has been a director of the United Selling Organisation of Alrosa (USO) since 2017 and will continue to lead the USO and oversee the sales unit.AdvertisementIn his new position, Agureev will develop sales, im...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa has generated a further A$15.5-million in revenue from diamond sales, bringing the combined 2019 sales figure to date to A$65.7-million from its Lulo and Mothae mines, in Angola and Lesotho respectively.The ASX-listed miner noted that 5 469 ct of Lulo diamonds were sold at the last auction for gross proceeds of A$8.9-million, representing an av...Read More