Sector expert Michael Ballanger muses on the effects of Twitter and political maneuvers on the markets, and specifically on a favorite gold explorer.I have a confession to make: There are no free markets anymore; there are only interventions. Of course, I bow to Gold Anti-Trust Action Committee (GATA) cofounder Chris Powell, who coined that brilliant phrase a few years ago, because it was certainl...Read More
We haveseen a pretty sharp oil reversal yesterday. The U.S. session sent oil bullspacking. Not giving up, they’re attempting a comeback today. Geopolitical newsto their rescue: the drone attacks on key Saudi pipelines. Emboldened by thistailwind, do the oil bulls stand a chance of reversing the tide of recentdeclines? Let’s takea closer look at the chart below (charts courtesy of http:...Read More
Over the past 6+ months, we’ve been covering the price rotations in precious metals very closely. We’ve issued a number of amazing calls regarding Gold and Silver over the past few months. Two of the biggest calls we’ve made were the late 2018 research post that suggested Gold would rally to above $1300, then stall. The other amazing call was our research team&r...Read More
By: Ira EpsteinGold trend in up-thrust and is staying bullish. Hits 100 day moving average, running out of steam. The stock market rally relieved some of the safe-haven buying:Read More
Gary Christenson, The Deviant InvestorEgon von Greyerz discussed "3 Dozen Reasons to Hold Gold" and mentioned price targets of $30,000 for gold and $3,000 for silver. Gold sells for $1,310 and silver sells in the mid-$15s. His numbers suggest that gold could increase by a factor of 20 and silver by nearly 200. For perspective, refer to the table below.He shows the many reasons to own gold in t...Read More
By: Craig Hemke, TF MetalsOn several occasions since late 2018, we've written about the current similarities to 2010. This "2010 9" theory became our theme for 2019, and we wrote about it here:o https://www.sprottmoney.com/Blog/gold-and-silver-2...Well, here we are in May and it's time to check in on the status of this forecast. The parallels to 2010 are becoming clearer. Plus, there are additi...Read More
The on-again, off-again trade deal with China has put some life into the stock market, all of it vicious. It has also invigorated an otherwise moribund discussion concerning weather tariffs are good or bad. Popular wisdom has it that the mere discussion of Smoot-Hawley tariff legislation caused the stock market to gyrate wildly in 1929 and eventually to crash. Pat Buchanan does a good job debunk...Read More
Cash will be the king now. Low risk traders and investors will prefer to sit on cash rather than invest in uncertain times. Fundamentals will be the key to investing now. Now a days it is very rare to see rallies in any investment dictated by fundamentals. Gold, Indian stocks and even Indonesian stocks have a long term fundamentally strong story. Only risk to the world growth is energy prices be...Read More
Missed what caused the spike, don't understand the absurdity of taxing gold & silver, heard how brutal Google's attacks have become? Here's all that & more...Tyler Wall of SD Bullion and Half Dollar of Silver Doctors interviewed by Sean on SGTreportThe team from SD Bullion and Silver Doctors join Sean of SGTreport to discuss the news that caused precious metals sales to spike more than 700% on Mo...Read More
RAPAPORT... Hong Kong-based M&B Diamonds expects to sell a record-setting purple diamond for more than $10 million, after buying the stone from Alrosa. The cushion modified brilliant-cut, 11.06-carat diamond isthe largest fancy-deep-purple-pink stone the Gemological Institute of America(GIA) has examined, according to the August 2018 grading report. Alrosa originally debuted the gem...Read More
RAPAPORT... The US diamond and jewelry industry is facing the possibility of higher tariffs on goods from China as the trade warescalates. The Trump administration has proposed a levy of up to 25% on products from China worth a total of $300 billion, the US Trade Representative (USTR) announced on May 9. Raw materials and accessories used in the jewelry trade are among the 3,805 items on the...Read More
RAPAPORT... Sotheby's brought in a total of $42 million at its Genevaauction Tuesday as an emerald and diamond necklace with royal connectionsfetched $3.6 million. The Van Cleef & Arpels Art Deco piece, which includesdiamonds, as well as 11 cabochon Colombian emeralds with a total weight of morethan 75 carats, went for more than double the price it achieved when it wasfirst sold at auctio...Read More
ABN AMRO published its report with the bank's results for the first quarter of 2019. The report makes no mention whatsoever about the diamond, gem and jewelry sector. Following is an excerpt from the message by Kees van Dijkhuizen, CEO of ABN AMRO Group: ""We are building a future-proof bank through continued Innovation & Technology (I&T) improvements supported by product and process rat...Read More
Israel's diamond trade is preparing for the Las Vegas shows, the most important group of shows for the gems and jewelry trade in the United States. Dozens of Israeli diamond companies have been planning for this event for months and are looking forward to a very good show. The United States is the Israeli Diamond Industry's largest market for polished stones, accounting for close to half...Read More
Petra Diamonds announced it sold its 424.89-carat 'Legacy of the Cullinan Diamond Mine' to Stargems Group / Choron of Belgium, for just under $15 million. This exceptional D color Type IIa gem mined from the Cullinan C-Cut adds to the most famous diamonds to have originated from this historic mine. Commenting on the sale, Petra's CEO, Richard Duffy, said: "This is a significan...Read More
DMCC, the world's leading Free Zone for commodities trade and enterprise signed a Memorandum of Understanding with the China Gems and Jade Exchange (CGJE), creating a strategic alliance with China's official trading platform for gemstones and jade. Feryal Ahmadi, Chief Operating Officer, DMCC, and Mr. Yuk Chan, Co-Founder and Executive Vice President, CGJE, signed the agreement during a...Read More
Club Degli Orafi and the Studies and Research Department of Intesa San Paolo reported that for the Italian jewelry manufacturing industry and trade, 2018 had been a disappointing year. Once the undisputed leader in high-end jewelry design and manufacturing. Italy is struggling in a highly competitive sector. Jewelry design and production giants such Turkey and Thailand continue to challenge Italy'...Read More
Stephen Fairchild, Chief Creative and Brand Officer will take the stage at this year's prestigious Copenhagen Fashion Summit to debate how circular design can create fundamental change in the industry. Fashion designers hold the power to create items that consumers fall in love with, but they also have the opportunity to make the industry more sustainable. At this year's Copenhagen Fash...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade. Index futures moved lower following release of economic news at 8:30 AM EDT. Consensus for April Retail Sales was an increase of 0.2% versus a gain of 1.7% in March. Actual was a decline of 0.2%. Excluding auto sales, consensus for April Retail Sales was an increase of 0.7% versus a gai...Read More
In case you haven't noticed, the mainstream media outlets are currently clogged up with stories of measles outbreaks and some boy who got chickenpox after suing not to get vaccinated. So today I want to talk about the national vaccination conversation.You're probably wondering what the subject could possibly do with "the rich life."Well, beyond issues like personal choice... the collective good vs...Read More