Recent News

Bitcoin: Another Bullish Attempt

January 03, 2019 / news.goldseek.com

By Ryan WildaySome time has passed since I wrote a more lengthy article, but not nearly as long a time as this grueling bear market in cryptos - now 12 months long, and counting. So, in this article I'd like to rewind the clock a bit. When we first saw our bull market top in cryptos, I did not fully expect a long bear market such as we've seen. While the March breakdown confirmed in my mind tha...Read More

Gold Hedges Stock Market Falls In 2018 - Gains 2.7% In Euros and 3.8% In Pounds

January 03, 2019 / news.goldseek.com

- Gold acts as hedge in 2018 - up 2.7% and 3.8% in euros and pounds (see tables & charts)- Stocks fall sharply - S&P500, FTSE & Euro Stoxx 5o fall 6.25%, 12.5% & 15% respectively- Worst year for most international equity indices since 2008- Sharp falls in economically sensitive commodities: oil (WTI), gasoline and lumber down 24.2%, 27% & 23.8% respectively- Volatility surges as seen in VIX ris...Read More

Asian Metals Market Update: Jan 3 2019

January 03, 2019 / news.goldseek.com

Traders and investors are focused on a global slowdown. Economic data releases worldwide need to beat street expectation to change the negative sentiment. US December private ADP numbers need to beat street expectation for the US dollar to rise and gold and silver to correct. However political uncertainty in the UK and Eurozone will prevent a major collapse in gold and silver. I will prefer to u...Read More

Gold Seeker Closing Report: Gold and Silver Gain About 1% While Stocks Drop Roughly 3%

January 03, 2019 / news.goldseek.com

 CloseGain/LossGold $1294.60+$11.60Silver$15.73+$0.22XAU72.17+1.73%HUI163.37+1.65%GDM597.67+1.98%JSE Gold1445.45+47.57USD96.25-0.54Euro113.99+0.55Yen93.40+1.71Oil$47.09+$0.5510-Year2.560%-0.095T-Bond148.4375+1.6875Dow22686.22-2.83%Nasdaq6463.50-3.04%S&P2447.89-2.48%  The Metals: Gold gained $9.30 to $1292.30 in Asia before it dropped back to $1284.80 just after 8:15AM EST,...Read More

Michael Ballanger: 2019 Is The Year Silver Outperforms Gold, Copper & The Mining Stocks

January 03, 2019 / www.silverdoctors.com

Michael says that in 2019, one must surmise that silver has to be owned - period! Here are Michael's reasons why...by Michael Ballanger via Streetwise ReportsA Brief Word on ForecastsEach year between December 25 and January 1, every blogger, analyst, newsletter guru, or market historian like me issues their "forecast" for the upcoming year, and what I find a worthy exercise is to go back and read...Read More

Gold; 8-Year Breakout Attempt In Play!

January 03, 2019 / kimblechartingsolutions.com

Since the 2011 highs, Gold futures have created a series of lower highs and lower lows inside of falling channel (1).The rally since the lows in 2016 has Gold facing the top of its 8-year falling channel at (2). This test comes into play as resistance for Gold, something it has struggled with for years.Gold bulls would receive a rare long-term bullish message if it can break out at (2)!Is the 8-ye...Read More

Rapaport Weekly Market Comment

January 03, 2019 / www.diamonds.net

Happy New Year! Diamond trade ends relatively good year with1 ct. RAPI +0.7% despite weak 2H. Diamond manufacturers cautious amidexpectations of continued midstream consolidation due to bankruptcies andmergers. Dealer market quiet over New Year holiday. Polished suppliers start2019 with high inventory of small goods up to 0.30 ct. Total diamonds listed onRapNet +24% year on year to 1.5M on Jan. 1....Read More

India: Suppliers Holding Prices Firm

January 03, 2019 / www.diamonds.net

Polished trading down, with few foreign buyers inthe market over Christmas-New Year. Suppliers holding prices firm during lull,but willing to discount on very old stock. Manufacturers raising polishedproduction, but wary due to high inventory levels. Consolidation expected thisyear as bankruptcy rumors persist. Jewelry sales stable during ongoing weddingseason. RoundRead More

India Aims to Promote Its Jewelry in UAE

January 03, 2019 / www.diamonds.net

RAPAPORT... Two Indian trade groups have agreed to promote the country'sjewelry in the United Arab Emirates (UAE). The Gem & Jewellery Export Promotion Council (GJEPC) andthe Metals and Minerals Trading Corporation of India (MMTC) have entered apartnership aimed at stimulating interest in Brand India in the Gulf country,the GJEPC said Wednesday. GJEPC chairman Pramod Agrawal met with Ved...Read More

Nilesh Sheth to Continue as IDCA President

January 03, 2019 / www.diamonds.net

RAPAPORT... Nilesh Sheth has been reelected as president of the IndianDiamond & Colorstone Association (IDCA), the organization said Wednesday. Sheth, who is president of Nice Diamonds, was voted in unanimouslyat the New York election on December 12. Members elected Sujan Doshi from S.A. Diamonds as vice president to succeed Rakesh Barmecha. The board's executive committee will also include R...Read More

Graph Diamonds: The Year in 5 Telling Charts

January 03, 2019 / www.diamonds.net

RAPAPORT... Data can be exhilarating. Earlier this week, Avi Krawitz,Rapaport's News Editor and Senior Analyst, called this reporter over to look athis screen, as there was something exciting on it. The attraction was a linechart of the RapNet Diamond Index (RAPI?,,?) for 1-carat diamondsthroughout 2018, showing that the peak price on July 6 coincided exactly withthe day the US implemented its fir...Read More

Diamond Trade Records Cautious Growth in 2018

January 03, 2019 / www.diamonds.net

RAPAPORT PRESS RELEASE, January 3, 2019, New York... The diamond trade ended 2018 with greater uncertainty than at the beginning of the year. Diamond prices softened in the second half amid fears the US-China trade war would impact discretionary spending. Sentiment softened as the Dow Jones Industrial Average fell 6% for the year, with concerns that investors would experience a negative wealth eff...Read More

DPA Appoints Kristina Buckley Kayel As Managing Director Of N. American Division

January 03, 2019 / www.idexonline.com

(IDEX Online) - The Diamond Producers Association (DPA), an international alliance of the world's leading diamond mining companies, has appointed Kristina Buckley Kayel as Managing Director of its North American division.   Buckley Kayel assumes her new role on February 4, and will be responsible for developing and implementing the DPA's consumer marketing and communications strategy, wi...Read More

Indian Diamond Color & Colorstone Assn Re-Elects Nilesh Sheth As President

January 03, 2019 / www.idexonline.com

(IDEX Online) - The Indian Diamond Color & Colorstone Association (IDCA) Board of Directors has unanimously re-elected Nilesh Sheth of (Nice Diamonds) as President.   Sujan Doshi (S. A. Diamonds, Inc.) was elected as the Vice-President; Shekhar Shah (Real Gems, Inc.) will take over as Secretary and Shiksha Naheta (Empresa Jewels) will join as the Jt. Secretary, while Rajeev Pandya (Ashi D...Read More

Gem Diamonds Recovers 125-Ct Diamond, 15th +100 Carater In 2018

January 03, 2019 / www.idexonline.com

(IDEX Online) - Gem Diamonds has recovered a 125-carat high-quality white, Type IIa diamond from the Let??eng mine in Lesotho.   The diamond, recovered on 20 December, is the fifteenth stone greater than 100 carats to be recovered in 2018, the miner said.   On December 19, the firm announced the recovery of high-quality 101 carat and 71 carat white Type IIa diamonds which were found with...Read More

Chinese miner succeeds in acquiring 89.37% of Nevsun shares, extends tender for 10 days

January 03, 2019 / www.mining-journal.com

Zijin announced last Friday it had accepted 89.37% of the total outstanding Nevsun shares tendered under the takeover offer and will pay $1.67 billion for the tendered shares.Read More

Sentiment rising as VRIC builds steam

January 03, 2019 / www.mining-journal.com

Rhyolite Ridge PFS beats expectationsSPONSOREDioneerThe Vancouver Resource Investment Conference (VRIC), to be held on January 20-21, is shaping up to be the largest show in six years, organiser Cambridge House International CEO Jay Martin told MiningRead More

Metals prices consolidate, but face numerous headwinds

January 03, 2019 / www.metalbulletinresearch.com

Three-month base metals prices on the London Metal Exchange were mixed this morning, Thursday January 3, with zinc, aluminium and lead up by between 0.4% and 0.7%, copper up by 0.1% at $5,880 per tonne, and nickel and tin lower by 0.8% and 0.2% respectively. Volume across the complex has been high with 11,375 lots traded as at 06.58am London time. Wednesday’s trading saw three-month...Read More

Tech Talk for Thursday January 3rd 2019

January 03, 2019 / www.timingthemarket.ca

U.S. equity index futures were lower this morning. S&P 500 futures are down 26 points in pre-opening trade. Index futures are responding to weakness in Apple after the company lowered its fiscal first quarter revenue guidance to $84 billion from $91.5 billion. JP Morgan and Moness lowered their target price on the stock. Apple dropped $12.64 to $145.28 in pre-opening trade.Index futures were v...Read More

The Investing Mystery Solved

January 03, 2019 / dailyreckoning.com

For many new investors, the numbers of investing are a mystery.They may even appear intimidating and mind numbing. The reality, however, is that they are just the opposite! Numbers are the clues for solving the mystery.Every investment has a story. Every time someone approaches you to invest money in his or her particular investment, whatever it may be, they will tell you that story.“This co...Read More

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