Our advanced Fibonacci price modelingsystem is suggesting that the current Silver rally may be nearing a point wherethe price will pause and retrace a bit before advancing further.  The incredible breakout rally over the pastfew weeks in Silver was a real surprise for many investors.  The sleepy shiny metal that everyone thoughtwas dormant broke well above the $15.50 level on huge volume...Read More

In this interview with Maurice Jackson of Proven and Probable, Jayant Bhandari presents his world view and discusses how it meshes with investment in the precious metals markets.Maurice Jackson: Joining us for a conversation is Jayant Bhandari, the founder of the world-renowned Capitalism and Morality seminar, and a highly sought-out advisor to institutional investors. Mr. Bhandari, welcome to the...Read More

Yesterday we wrote about Draghi, so today Powell is our hero. Only one week separates us from the pivotal FOMC meeting. What should gold investors expect?First Fed Cut Since 2008In a week, the Fed may deliver its first interest rate cut since 2008. Given the market odds, the move is practically a foregone conclusion. Futures traders assign a 100-percent probability of a cut. The bone of contention...Read More

Stefan Gleason, Money MetalsHow low will they go?With the Federal Reserve all but certain to cut interest rates multiple times in the months ahead, central bankers are engaged in a race to the bottom.As negative interest rates expand in Japan and across Europe, as long-term bond yields in the U.S. plummet, and as President Donald Trump continues to talk tough on trade, the Fed has little choice...Read More

* Download MP3RecapIn Part II of the discussion with the founder of Corona Capital Management John Scurci, continues with his perspective on the financial markets. This is not a time for financial complacency notes, amid mountains of national debt on a global basis and central banking intervention on an epic scale. The scope and scale of the impending financial deluge will be incomparable...Read More

Add to stock market bulls' wall of worry a drop in West Coast home prices for the first time in seven years. This is part of a larger trend that saw U.S. home sales down 2.2% compared to a year ago. That's the 16th straight month of annual sales declines, even as mortgage rates have fallen since last October from 4.95% to 3.75%. Some observers profess to be mystified, since the economy appears t...Read More

Precious metals investors are once again excited about silver, but where is the silver price going? Here's where price could be going...by Steve St Angelo of SRSrocco ReportPrecious metals investors are once again excited about silver as the price has shot up 10% in the past month. Not only has silver experienced some nice gains in July, but it has also broken out above its multi-year Symmetrica...Read More

Summer lull continues. Polished suppliers cautious for 2H amidtrade-war uncertainty, weak dealer demand and tight manufacturing profit.Miners reducing rough supply, with De Beers allowing additional deferrals atJuly sight. De Beers 1H revenue -17% to $2.6B, earnings -7% to $187M, roughprice index -4%. Petra lowers 2020 production plan to 3.8M cts. US jewelrysales stable, despite weakness at majors...Read More

Trade cautious amidtight liquidity and diminishing credit. Some overseas buyers in Mumbailooking for bargains from companies that need to boost cash flow. 0.30 to 0.49ct. selling well in parcels after suppliers stopped certifying SI goods.Manufacturing down by estimated 25% to 30% compared to a year ago. Improvementin cheap melee suggests some resistance to CVD. RoundRead More

RAPAPORT... It's the summer! But that doesn't stop us talking aboutdiamonds.In the July episode of the Rapaport Diamond Podcast, theeditorial team discusses the troubles in the industry. Plus, what are the positives in the sector right now?We also critique a recent marketing video from the IsraelDiamond Exchange, and ponder how the trade should handle the current challenges.Image: A still from the...Read More

RAPAPORT... Sales and profit from watches and jewelry at LVMH Mo?<Read More

RAPAPORT... A collection of jewels detailing the story of Indiandiamonds over six centuries is set to go on sale for the first time. Approximately 35 pieces belonging to diamond dealerBenjamin Zucker will feature in an exhibition at Les Enluminures in New York,the gallery said Thursday. Many of the jewels have previously appeared at theWalters Art Museum in Baltimore, the Yale Peabody Museum...Read More

RAPAPORT... De Beers' profit dropped in the first half of the year asweak demand at the trade and consumer levels impacted diamond prices, thecompany said Thursday. The rough market was subdued due to high inventories inboth the midstream and the retail sector, as well as a slowdown in growth ofconsumer demand, the miner explained. The US-China tariff dispute, protests inHong Kong and the strong U...Read More

RAPAPORT... Diamond exporters will be allowed to ship goods out of India for trade showsor consignment without paying goods and services (GST) tax, the government has announced.The revision rules that these items don't constitute "supply," Indian authorities said last week following several meetings with the Gem and Jewellery Export Promotion Council (GJEPC). Therefore, members of the trade h...Read More

The first Israel Diamond Week in Shanghai, held July 16-18, ended "on a high note and is expected to become an annual event", the Israel Diamond Exchange (IDE) website reported.. Shanghai Diamond Exchange (SDE) President Qiang Lin hosted a delegation led by IDE President Yoram Dvash. More than 15 prominent Israeli diamond companies as well participated. The event included an Israeli exhibition of...Read More

Alrosa reported that since 2006, the company has financed the cost of land reclamation and the recovery of habitat that was typical to the area before the sites were mined. During the past 13 years, Alrosa allocated more than $15 million for the restoration of the fertile layer and the planting of dozens of grass, shrub and tree species in the areas affected by mining and processing. The total are...Read More

Tiffany & Co. is urging the Second Circuit to uphold a $25 million trademark victory against Costco Wholesale Corp. over diamond engagement rings, asking the appeals court to ignore the retailer's "false narrative," according to the Law360.com website. Tiffany and Costco have been engaged in a legal battle for the past six years, i.e. since 2013. Tiffany first brought its the case against...Read More

Anglo-American - and its subsidiary De Beers - published their results for the first half of 2019. For Anglo-American, rough diamonds constitute less than ten percent of its earnings. Anglo's chief earnings come from coper ($789 million), PGMs i.e. precious metals ($824) Bulks, i.e. a collation of products such as coal, iron ore, aluminum and other minerals ($3.36 billion!) and diamonds ($518...Read More

Aim-listed Firestone Diamonds has achieved a solid operational performance for the financial year ended June 30, with guidance achieved on all items.CEO Paul Bosma on Thursday said it was, nevertheless, a tough year from a market and pricing perspective, particularly for the smaller, lower-value goods.AdvertisementHe expects these conditions to persist for the rest of this calendar year.He added,...Read More

Diamond miner De Beers’ earnings before interest, taxes, depreciation and amortisation (Ebitda) for the six months ended June 30 decreased by 27% year-on-year to $518-million.Challenging trading and economic conditions in the period under review contributed to the lower Ebitda.AdvertisementThe diamond miner cited a number of challenges for rough diamond sales in the reporting period, resulti...Read More