- Stewart Thomson, Graceland Updates 1. Gold stocks tend to become extraordinarily volatile during weeks that feature multiple key fear trade events.2. As the month of May begins, gold stocks are faced with a FOMC meeting and the US jobs report.3. Please click here now. Double-click to enlarge this daily gold chart. 4. Gold itself is quite stable ahead of these key eve...Read More
By: Ira EpsteinGold near resistance area, back to neutral:Read More
"Hey Marin, we don't invest in gold companies for yield. We invest in gold stocks as a hedge to the overall markets. And for leverage on the price of gold."What a bunch of nonsense.Have you ever heard the phrase, "What a gold mine!"?That common, age-old expression was actually a positive reference to having something very valuable. Notably, a gold mine that paid its owners very well by producin...Read More
"Investors" could be pardoned for wondering why IPO underwriters for Lyft and Uber have used accounting trickery that smells worse than ten-day-old fish in order to promote the deals. Is bogus too strong a word? Judge for yourself. In their prospectuses, neither firm subtracted promotional incentives and refunds from sales totals, as is customary. This allowed them to grossly overstate revenues...Read More
RAPAPORT... The jewelry industry has a wide range of gender-disparityissues, including a discrepancy between how employers and employees viewequality in the workplace, a recent survey showed. Business owners expressed widely differing awareness than employees regarding nearly every gender-related workplace topic, according to the study conducted by the Women's Jewelry Association and MVI Mark...Read More
RAPAPORT... The Gemological Institute of America (GIA) will require customers to disclose key identification information as part of its new compliance program, it said Monday.Under the lab's Know Your Customer system, clients will need to confirm their identity and provide a proof of ownership of their companies. They will also be required to present identifying materials for any employees wh...Read More
RAPAPORT... Christie's New York auction will feature a 17.21-caratdiamond given to Queen Charlotte of Great Britain by a regional ruler in India.The pear-shaped, brilliant-cut diamond, called Arcot II, was found in India'sGolconda region in the late 18th century. The stone, presented to the queen by the Nawab of Arcot, will go under the hammerat the Maharajas & Mughal Magnificence sale on...Read More
(IDEX Online News) - Looking back at the previous months, there still was some movement - going up up here and dropping down there - in prices of diamonds under two carats. But in April, it seems the market simply had taken a step back and the sporadic price changes that occurred in rounds under two carats were mixed at best. Market commentators, however, like to point out that Apr...Read More
Alrosa, the world's largest diamond miner in volume, said it had generated $9.65 million from the sale of special sized diamonds (+10.8 carats) at its diamond auction in Vladivostok which took place on April 8-19. Alrosa hosted 29 companies from Belgium, India, Israel, the UAE, the USA, Hong Kong and Russia at the auction. A total of 150 diamonds with a total weight of 2481.9 carats were off...Read More
The Women's Jewelry Association's Gender Equality Project released the results of its first survey, which asked members of the gem, jewelry and watch industries to comment on workplace practices where gender could be a factor. WJA engaged MVI Marketing, a trade and consumer research company that works exclusively for the gem, jewelry and watch industries, to assist in designing a questi...Read More
Ans Anthonis, HRD Antwerp Chief Officer Diamond Lab & Research, will be presenting the impact of laboratory grown diamonds (LGDs) on the current market during a panel discussion to be held during the GemGeneve trade fair, on Thursday 9 May 2019, at 18:00. GemGeneve is held May 9 to 12, 2019. The lab will also host a daily workshop to teach show visitors more about HRD's latest range of eq...Read More
Evgeny Agureev, director of the United Selling Organization of Alrosa, the world's leading rough diamond producer, told the Indian Express that it had "initiated a rupee-rouble payment mechanism with its Indian clients" and already had run a payment pilot with a handful of its Indian clients. The newspaper also wrote that "Alrosa is increasing its marketing spend in India as it attempts to ca...Read More
The Antwerp World Diamond Centre (AWDC), the umbrella organization of the Antwerp diamond industry, published its second sustainability report. The report, the AWDC says, is an "integrated report that does not shy away from thorny issues such as 'reputation,' 'integrity in the diamond value chain' and 'compliance in the diamond industry.' Furthermore, with this report...Read More
Price weakness contained for now Base metal prices have been slipping in recent weeks. Given that the whole group is suffering, the drivers are likely to be broad and macro-related rather than metal-specific. Since speculative positioning is neutral and recent price weakness has not irreversibly damaged the technical picture, the complex could turn higher again on the back of dollar weakness, furt...Read More
Eastern promise for PolarXSPONSOREDpolarxOutput at the BHP-operated Chile copper mine included 975,893t of copper in concentrates and 266,794t of copper cathodes. The mine experienced 44 days of strike action in 2017."We are happy with the positive results from 2018. The challenges, however, are growing because as the deposit ages we face deeper pits, lower grades and harder rock, as well as more...Read More
LME aluminium price was marginally higher last week The weekly average LME aluminium price was marginally stronger last week, on the back of the positive sentiment following the fresh lifetime high in the S&P 500 Index but capped by continued strength in the US dollar index, which reached its highest level since 2017 last Thursday. The weekly average LME cash price was $1,848 per tonne last week,...Read More
Eastern promise for PolarXSPONSOREDpolarxCopper production for the March quarter dropped 7% year-on-year to 320,700 tonnes, hit by the issues at Mopani, as well as severe flooding in Queensland, depletion at the Alumbrera openpit operation, and the sale of Punitaqui.However, cobalt output rose 56% on the year to 3,900t, despite Katanga having to manage excess levels of uranium content in its cobal...Read More
Aluminium Judging by its current technical configuration, the...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...Read More
ICSG shows a lack of fundamental...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...Read More
Swing from deficit to balance...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...Read More