NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessJuly 2019"There has been a dramatic change in sentiment." - Adrian Day - Michael J. Kosares, USA GoldThe summer months historically present a buying opportunity in precious metals as illustrated in the charts shown below. In the past, there has been a clear change of di...Read More
- David HaggithStock market investors, hungry for more pork, are demanding Fed Chair, Jerome Powell, land on their table on a silver platter with an apple in his mouth at this week's congressional testimony. Will he deliver? Powell has a thin red line to talk, or this overFed market, which he and is cronies have nurtured, dies this week from its own morbid obesity. On the other hand, if he does...Read More
By: Ira EpsteinThis week is focused on 2-day testimony by Fed Chairman Powell. We will get his views on interest rates. Gold market still in an uptrend, but nearing 18-DMA at $1386.70Read More
- Clint SiegnerGold and silver bugs are well aware that JPMorgan Chase dominates precious metals futures trading. Russ and Pam Martens of the financial blog Wall Street on Parade just identified how much control they have.There are more than 5,300 FDIC insured banks in the U.S. Just two of them, JPMorgan and Citibank, hold 75.7% of all precious metals derivative contracts (primarily futures)...Read More
There is now a very small section of traders and investors who believe that interest rates may not be cut in end July FOMC meet. Federal Reserve chairman's testimony will clarify on the interest rate cycle. In my view interest rates will be cut this month by 0.25% or something lower as a token and thereafter it can be long pause. Incoming US economic data releases will also determine the interes...Read More
RAPAPORT... Indian jewelry retailer Titan Company cautioned that sales were lower than expected in its first fiscal quarter as high gold prices weighed on consumer spending. Sales from the jewelry division, which includes the Tanishq brand, grew 13% year on year for the three months ending June 30, the company said in an operations update Monday. "The quarter witnessed a tough macroeconomic e...Read More
RAPAPORT... Global rough-diamond shipments dropped last year,reflecting slower trading in India and Belgium, according to new data from theKimberley Process (KP). Total rough imports slipped 3% to $48.49 billion for 2018,with volume down 7% to 424.2 million carats, the figures showed last week.Rough exports fell 1% to $49.52 billion, while volume declined 6% to 428.6million carats. India's rough i...Read More
Consultancy Levin Sources has recently launched a new service that will help smaller enterprises navigate the - sometimes - tricky pathway to ensuring their products are sustainable and ethically sourced. The new service, Responsible Sourcing for Small Jewellers, provides a step-by-step bespoke method to small business owners in the jewelry space, assisting them with everything from assessi...Read More
The diamond cutting, polishing and marketing division of Alrosa traveled to New York in June to hold an auction of polished diamonds. Alrosa, which with more than 43 million carats mined in the Russian Federation in 2018 is the undisputed largest, single source diamond miner in the world, sold 20 polished diamonds with total weight of 140.4 carats. Among these were eight colorless and 12 fancy col...Read More
The May edition of Forbes Afrique, the French-language version of the influential economic periodical that focuses specifically on African affairs, has listed Marie-Chantal Kaninda, Executive Director of the World Diamond Council (WDC), as one the continent's 100 most influential women. "With this fifth edition of Africa's 100 Most Influential Women ranking, the presence of African women...Read More
De Beers said on Monday it had launched a three-year partnership with Women in Engineering (WomEng), consumer goods company Unilever and professional services firm EY to develop the next generation of highly skilled female engineers. De Beers is investing US$315,000 over three years in programs that encourage young women to study science, technology, engineering and mathematics (Stem) subjects and...Read More
Mouawad unveiled its Mouawad Dragon Suite at an exclusive private viewing in the Mouawad Dubai Mall boutique on July 8. The Mouawad Dragon Suite comprises a necklace, bracelet, earrings, and ring showcasing five Fancy Vivid and Deep yellow diamonds totaling over 153 carats, and 432 colorless diamonds totaling over 272 carats. At the heart of the Dragon necklace is the 54.21 carat Mouawad Dragon d...Read More
The Times of India reported that India's Airport Authority (AAI) is set to open its state-of-the-art modular cargo terminal in the coming weeks. The terminal is a steel-based structure with a ground base of a 1,000 sq./m, with the same space on the building's first floor. The terminal has a cold storage facility for perishable goods as well as strong room, a facility that is of ut...Read More
Euromines lifts hood on sustainability methodologySPONSOREDThe company's board is set to make a production decision in 2020 or early 2021 on the underground project, which will take a year to build and have capacity of 3,000 tonnes per day, with firstRead More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGreenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningThe company intersected 295.6m at 0.29% copper-equivalent from 25m in OPM-19-09; and 8m at 2.91% Cu-eq from 87m in OPM-19-...Read More
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloittePhoenix is looking for up to US$70 million to build the copper mine, including $10 million of mezza...Read More
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Buying pressure deterred by steady dollar 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 a...Read More
Aluminium LME three-month aluminium produced an inside daily...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 d...Read More
Off to a weak start to...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