This is part 2/2 of my Gold price forecast update Gold Price Breakout - Trend Forecast 2019 July Update.So the gold price has broken out of it's long-term trading range of $1370 to $1150. Which means $1370 should now act as a floor under the Gold price, else it's back into the range for several more years! Next resistance is at just above $1500 and then $1800 which is my long-term target for the G...Read More
The World Silver Survey 2019 Review, the institute’s annual World Silver Survey said that global silver demand hit a three-year high in 2018, surpassing more than one billion ounces, an increase of 4% from 2017.At the same time, global silver mine production fell for the third straight year, dropping 2% in 2018 to 855.7 million ounces.The top 10 silver producing countries are: Peru, Bolivia,...Read More
GoldSeekAugust 15th marks the 48th year anniversary since the end of gold backing the U.S. Dollar for international trade. Here is President Nixon announcing this dramatic monetary and other economic policies on August 15, 1971:Read More
Daniel R. AmermanThe discussion of negative interest rates in the United States has now officially gone mainstream, with the front page of the August 12, 2019 print edition of the Wall Street Journal carrying a prominent discussion of the possibility.Most of the article consists of various institutional investors talking about why this could be a real possibility. However, as will be explored he...Read More
David HaggithLet's take a look at how the average consumer is doing. I'll call this typical consumer "Bubba" because I just read an article that claimed "Bubba's doing better today than at any time since before the Korean War." It disgusted me because I found it to be such a disingenuous set of lies wrapped in half-truths, all contrived to pacify the trickle-down peasants as that philosophy cont...Read More
By: Ira EpsteinGold pushing upper end of the Bollinger bands resistance point. Momentum in gold still positive:Read More
The silver market is finally showing some signs of life...by Chris Marcus via Arcadia EconomicsAfter getting a thorough simulation of what it feels like to watch paint dry over the past eight years, the silver market is finally showing some signs of life.After rising almost $2.50 from the May 20 $14.41 lows (coincidentally also the same time the banks finished buying back their short position - as...Read More
"...it is quite possible that many COMEX paper longs just might take on the crooks by taking delivery."by Harvey Organ of Harvey Organ BlogAUGUST 14/GOLD UP $13.60 TO $1517.20//SILVER UP 27 CENTS TO $17.26 AFTER CONTINUAL FRUITLESS ATTACKS BY OUR BANKER FRIENDS// HUGE DATA DUMP BY THE CHINESE AND ALL RESULTS ARE VERY BAD INCLUDING A POOR FACTORY OUTPUT//PROTESTS CONTINUE IN HONG KONG BUT THE AIRPO...Read More
Low expectations for Sep. Hong Kong show due to slowdownin Chinese demand and escalation of political protests. Trade war affectingconfidence. US jewelers likely to raise local manufacturing as 10% tariff ondiamond and jewelry imports from China takes effect Sep. 1. Weak Macy's 2Qresults reflect struggling malls and drop in tourist spending. Devalued yuanadds price pressure for Chinese diamond imp...Read More
IIJS show sees slowdiamond trading, but steady gold inquiries ahead of festival and weddingseason. Jewelers waiting for gold-price stability before making orders.Polished production reduced by estimated 30%, with cutters shifting tolower-cost goods to keep workers. Large volume of 0.30 to 0.70 ct.available; suppliers selling in parcels to save on grading costs. Steady demandfor better-quality SIs...Read More
RAPAPORT... Stornoway Diamond Corporation has given a stern warningabout its ability to remain in business, after failing to find a buyer for the company. The miner had until July 15 to find an investor for its Renard operation as part of a bridge-loan agreement it signed. While lenders extended the deadline to September 16, the company has been unable to find an interested party, and feels i...Read More
RAPAPORT... Pandora and Warner Bros. will partner on a HarryPotter-inspired collection, featuring iconic characters and symbols from thefilms. The line will comprise 12 hand-finished products, includingcharms, pendants and a bracelet, designed by Francesco Terzo and FilippoFicarelli, Pandora's vice presidents and creative directors. It will launch onNovember 28 in Pandora stores globally, as...Read More
Yahoo News reported that China is taking on the world's diamond miners, using sophisticated technology to offer increasingly cheap and real-looking knockoffs that threaten to upend the lucrative fine jewelry market. The technological disruption seen in medicine, autos, banking and countless other sectors is spilling over into diamonds, where an oligopoly of just four miners controls more than...Read More
RAPAPORT... The Hong Kong Jewelry Manufacturers' Association (HKJMA)is asking the organizers of the September show for a 25% discount for itsmembers, citing difficult market conditions due to the trade war and socialunrest in the city. Many overseas exhibitors and buyers are likely to skipthe Hong Kong Jewellery & Gem Fair following government warnings about visitingthe municipality, the HKJMA...Read More
Some 18 months into its four-year business transformation programme, diamond miner Gem Diamonds is on track to deliver its targeted $100-million in incremental revenue, productivity improvements and cost savings by the end of 2021.Since implementation, the LSE-listed group has achieved $42-million in cost savings, net of implementation costs and fees.Advertisement“It is pleasing to report th...Read More
As part of its efforts to advance professional skills in jewelry making and design, the MJSA Education Foundation recently awarded a total of $10,000 in scholarship funding to five students. That amount includes a $2,500 scholarship provided by the Rhode Island-based Providence Jewelers Club Foundation, for students attending eligible schools in that state. The five winners range from an undergrad...Read More
Asian gem lab group AIGS is organizing a five-day cultural trip to the ruby mining area of Mogok in Myanmar in mid-October coinciding with the ICA (International Colored Gemstone Association) Congress. The trip, which has been organized by AIGS (Asian Institute of Gemological Sciences) on several occasions in the past, is available to those who wish to find out more about the remote mining origin...Read More
Junior miner Stornoway Diamond Corp, the owner and operator of the Renard mine in Quebec, has extended the deadline for bid submissions for a buyer or major investor by two months to September 16.This comes as the company, which is relying on bridging finance to operate, has failed to receive an acceptable nonbinding indication of interest by its initial deadline of July 15.AdvertisementStornoway...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumProtestors are demanding more local employment opportunities and the use of local companies rather than contractors from outside the region, as well as greater social investment and an end to whatRead More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumHaving spent much of the year cautioning that it did not know if Winu would shape up into a Rio-scale project, Rio said drilling at Winu - it is an Aboriginal word meaning thirsty - is focused onRead More