"Markets are constantly in a state of uncertainty and flux and money is made discounting the obvious and betting on the unexpected." George Soros, financier, philanthropist, political activist, author and philosopher, b. 1930 "Regardless of current economic conditions, it's always best to remember that the stock market is a barometer and not a thermometer." Yale Hirsch, creator of the Stock Tra...Read More
By: Ira EpsteinGold is honing on $1,329.20 area resistance. August gold is looking impressive. $1,336 is the next objective. This market is possibly showing an important, watershed moment -- this has an energy that it has not had in a very long time. Is the market overbought? Yes:Read More
London 4th June, 2019: Today, Kinesis Money announces the initiation of its UK and EU debit card program with Contis Group, the award-winning platform as a service (PAAS) that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4. The release of these EUR a...Read More
By: Clint Siegner, Money MetalsU.S. leaders are demanding the rest of the world recognize economic sanctions and stop buying Iranian oil. The U.K., Germany, France, Russia, China, and India are among the nations who don't fully support the sanctions and would rather not pay higher prices for oil elsewhere.American officials more and more often resort to delivering ultimatums, both to adversaries...Read More
- Richard (Rick) Mills The ongoing battle between the United States and China for economic supremacy isn't only being fought in the gilded ballrooms of Washington, as trade negotiators from either side parry over automobile parts content, intellectual property rights, government subsidies and the like. Casualties and victories are also borne out over the decks of hulking freighters that carr...Read More
By: Avi GilburtWhile I will let the "real" analysts debate about how we should handle our trade deal regarding China, I am only here to discuss the sentiment around the China deal.This past week, I have seen many posts like this one:"We wouldn't be down at these relatively low levels had China settled with Trump. Guaranteed."The posters' logic works like this: The market has been dropping ever s...Read More
By: Keith Weiner, Monetary MetalsWe have been discussing the impossibility of China nuking the Treasury bond market. We covered a list of challenges China would face. Then last week we showed that there cannot be such a thing as a bond vigilante in an irredeemable currency. Now we want to explore a different path to the same conclusion that China cannot nuke the Treasury bond market.To review...Read More
StrengthsThe best performing metal this week was gold, up 1.61 percent. Gold traders are neutral on the yellow metal this week; however, the weekly Bloomberg survey was conducted on Thursday before gold shot above $1,300 on Friday morning. Gold saw its first monthly gain in May, breaking a streak of three st...Read More
The Precious metals industry hasn't had much to get excited about over the past 5 to 7 years. After peaking in 2011/2012, Gold and Silver prices fell sharply before trading sideways for several years.So it's been a traders market, with opportunities on both the long and short side. But Gold is charging higher again, fueled by talk of global trade wars, dovish monetary policy, and a potential top...Read More
RAPAPORT... Tiffany & Co.'s revenue and profit dropped in the first fiscalquarter amid a continued decrease in spending by foreign tourists and a strong US dollar, it said Tuesday. Total revenue fell 3% to $1 billion in the three monthsending April 30, while comparable-store sales - at branches open for at least ayear - declined 5%. Profit slid 12% to $125.2 million. "Our first-quar...Read More
RAPAPORT... Designer Jade Lustig of Jade Trau won the top Couture prizefor her double-banded diamond engagement ring on Saturday in Las Vegas. The jeweler received the Best in Bridal accolade at theCouture Design Awards. Fifteen awards were presented at the ceremony, whichtook place during the Couture luxury-jewelry show. Jade Trau also won the top honor for bridal in 2017, andwas one o...Read More
RAPAPORT... The JCK Las Vegas show ended Monday, with participants notinga decline in buyer traffic and exhibitors at this year's event. Sentiment amongdiamond suppliers was relatively weak, as buyers were conservative, and overalldealer trading was quiet."You can't come to this show and rely on foot trafficanymore. Neither can you expect to sell big volumes in the loose-diamond section,"explained...Read More
RAPAPORT... Alrosa is launching a source-of-origin program that will enable dealers and consumers to buy polished diamonds with detailed provenance information.The Russian miner will create an "electronic passport" for each diamond on a new website, diamonds.alrosa.ru, presenting the stone's physical characteristics, age, and place and date of extraction, as well as where and when it was cut....Read More
JOHANNESBURG (miningweekly.com) – Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday.Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the world of entrepreneurial junior mining after many years in the c...Read More
Neutral-to-bearish,...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s...Read More
Aluminium fared better than its peers...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Aluminium As long as the LME aluminium price...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the late...Read More
Intense sell-off in May LME copper...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More
Prices hold down in low...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
In our latest Stainless Steels Market Tracker report,...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the...Read More