The most important part of investing is knowing if you are in a bull or bear market. It’s always much easier to trade in the direction of the main trend. There are times when a market is reversing from bull to bear or vise versa that there is not a lot of confirmation the turn has completed which leaves one apprehensive about getting fully invested. The more clues you can get that the major...Read More
Silver is now ready to follow gold andsuccessfully signal its bull market. In fact, it is important that silver doso, in order to provide another confirmation that gold’s recent rally is“real”.The following technique (as presented previously) could provide a way to track silveruntil it provides that clear bull market signal.Below, is a long-term silver chart: On the chart, I have...Read More
RambusThe most important part of investing is knowing if you are in a bull or bear market. It's always much easier to trade in the direction of the main trend. There are times when a market is reversing from bull to bear or vise versa that there is not a lot of confirmation the turn has completed which leaves one apprehensive about getting fully invested. The more clues you can get that the majo...Read More
*Mp3 file.HighlightsReturning from a sabbatical in Italy, Peter Schiff notes profligacy could unravel the domestic economy. The ideal panacea includes returning the global reserve currency to a gold-backing. Ghana recently experienced a financial crisis where 1/3 of the financial institutions closed their doors. $1.6 billion evaporated - Wikipedia rolled out a webpage outlining the Ghana Ban...Read More
By: Ira EpsteinGold needs to hold $1,535.30 to hold strong uptrend, support also at 18-DMA near $1,520. $1,556-1,565 resistance on the December gold futures contract:Read More
Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November. GDP was running at around 3% back then, and almost no one other than a few hardcore deflationists, your editor among them, saw rates on the Ten-Year falling below 2%....Read More
There is still some apprehensions over the sustainability over the rise in silver price. Most investors (in my view) prefer gold over silver. Even my elder brother does not like to invest in silver. The reason is that four years ago he had invested in physical silver at Rs.53,000 per kilogram and the price is yet to come. Gold's preference over silver will continue among old traders and investor...Read More
Gold and silver are on the move, and silver could jump from $18 to $21 without even blinking. Here's why...Sean from SGTreport interviews Bob Kudla on SGTreportBob Kudla, the founder of Trade Genius, joins me to discuss the impending fall of big tech Orwellian censorship, the rise of Bitcoin, gold and silver, and the total implosion of the Democratic Party. Read More
The moves in Gold & Silver over the past 4+ weeks have been incredible, and the moves aren't over yet...by Chris Vermeulen of The Technical TradersNearly a month ago, we authored our "Crazy Ivan" research post suggesting that precious metals were about to pull a massive "crazy price move" while the US and Global markets breakdown in an attempt to revalue risk, support, resistance, and other unknow...Read More
The divergence between a rising price and falling Volume is not a good sign in the near-term, despite the...by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef's website)The price action in silver was lukewarm during the first half of the year, but the chart looks promising as gold led the way since June and lifted silver above the average All-In Sustaining Costs...Read More
Supplierspreparing for Hong Kong show amid uncertainties about buyer attendance. WeakChinese sentiment due to trade war and yuan depreciation (-4% in Aug. to CNY 7.1/$1).Tourist spending declines, with Tiffany & Co. 2Q sales -3% to $1B, earnings-6% to $136M. Chow Sang Sang 1H retail revenue +1% to $1.1B, profit +2% to $78Mafter strong start to 2019, but double-digit slowdown when Hong Kong pro...Read More
Activity subdued, withmany businesses closed for Jain Paryushan festival. Some US, Chinese andIsraeli buyers looking for bargains from cash-strapped Indian suppliers.Polished inventory starting to decline due to reduced manufacturing. Still alot of available lower-quality goods - brown, green, milky (BGM) and diamonds withfluorescence - that are not easy to sell. Dealers considering supplyrequirem...Read More
RAPAPORT... An Art Deco Cartier bracelet from a prominent femalecollector is set to go under the hammer for $2 million to $3 million atSotheby's November Magnificent Jewels and Noble Jewels sale in Geneva. The center stone is a 47.07-carat, royal-blue Burmesesapphire with high clarity, cut in a cabochon shape, flanked by twopear-shaped, white diamonds weighing 9.27 carats and 8.60 carats. The brac...Read More
RAPAPORT...India's Gem and Jewellery Export Promotion Council (GJEPC) isconsidering a new membership category for lab-grown-diamond traders in afurther attempt to keep better tabs on the trade. The organization requires companies to choose a productcategory - known as a "panel" - when becoming a member. While firms dealing inlab-grown diamonds previously selected "synthetic stones," which covers a...Read More
RAPAPORT... Hong Kong-based jeweler Chow Sang Sang will open around 60 new stores in mainland China by the end of the year following strong sales in the countryin the first half. "There is room forgrowth by means of product, services and brand differentiation," the companysaid Wednesday. Improvements in China for the six months ending June 30 helped offset lower sales in the Hong Kong market...Read More
Quoting an official source, the Xinhua news agency reported that Angola started will be running its first roadshow for the acquisition of rights for prospection and exploitation of diamond, iron and phosphate in the country, in which countries and regions including Brazil and South Africa are taking part in the maiden event taking place in Luanda. Reportedly, the Angolan government decided roadsho...Read More
RAPAPORT... A roadshow launched to attract investors inAngolan mining surpassed expectations, with more than 230 companiesexpressing interest in acquiring a share of the five concessions on offer. The Angolan government decided to privatize thedeposits - including two diamond sites - in an effort to increase transparency, theMinistry of Mineral Resources and Oil said Wednesday. "The fact th...Read More
A sample page of the Gem Color Academy's Colored Stone Grading Course Notes, which can be consulted online. Gemewizard, a leading provider of digital solutions for the analysis, description, pricing and trading of color in gemstones and colored diamonds, has inaugurated the Gem Color Academy, its online educational arm that will provide professional-level knowledge and experience for t...Read More
The Bonas brokerage firm will hold its fourth colored gemstone auction Traditionally a diamond tender house, the company will present about 500 lots of colored gemstones at the Hong Kong SkyCity Marriott Hotel from Saturday, September 14, to Wednesday, September 18, 2019, parallel to the September Hong Kong Gem and Jewellery Fair. The exclusive tender features approximately 500 lots of rubies and...Read More
Markets remain nervous on Thursday August 29, especially since the next wave of US tariff increases on Chinese goods are set to come into effect on September 1 and the US yield curve is showing the deepest inversion since 2007, with the 30-year yield falling to a historic low on Wednesday. Apart from nickel and to a lesser extent lead, most base metals prices remain in low ground, seemingly becaus...Read More