"There was almost no change in the (ex-tariff) border prices of imports from China, and a sharp jump in the post-tariff import prices matching the Continue...Read More
With so much talk about $1,220 gold I wanted to ask Jordan Roy-Byrne, Founder of The Daily Gold about what he is seeing in the chart. We also look at GDX and silver in terms of another solid bottom.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market ti...Read More
Project highlights gleaned during the trip are recounted in a BMO Capital Markets report. In a May 21 research note, BMO Capital Markets analyst Andrew Mikitchook reported that during a recent multisite tour, Ivanhoe Mines Ltd.'s (IVN:TSX; IVPAF:OTCQX) "world-class assets and technical management showed very well."Mikitchook's overall impression was that "the CITIC financing has transitioned Ivan...Read More
In May, the WGC published a new edition of its quarterly report on gold demand. It features interesting data about the changes in gold demand and supply. What does the Gold Demand Trends Q1 2019 say about the gold market in the first quarter of the year? How will its conclusions be reflected going forward in the gold price?WGC Publishes Report on Gold in Q1 2019According to the newest WGC data, th...Read More
In an earlier post, I gave you a sneak preview of my interview with Chris Powell, secretary/treasurer at Gold Anti-Trust Action Committee (GATA). For 20 years now, Chris and others at GATA have made it their mission to expose collusion by international financial institutions to control the price and supply of gold.Below are highlights from my interview with Chris. I have to say that during much...Read More
By: Ira EpsteinLatest on gold, silver and more..Read More
By Avi GilburtPease note: This article was originally posted on FATRADER.com on Thursday May 22 before the breakout in bonds.I have written many times about how the Fed follows the market and does not lead it. And, we are about to see yet another example of history's lessons.For those that followed our work over the years, you would know that we called for a top to the bond market on June...Read More
[Jim Grant is an old-school observer of this economic age and one of its most brilliant commentators. Following is the speech he gave in accepting the 2019 Bradley Prize, which recognizes those who have helped further the principles and institutions of American exceptionalism. RA]Ladies and gentlemen, it's a blemish on the age that so many of us know the name of the Federal Reserve chairman. In...Read More
Want to turn-in some crappy clad coinage that's all nice and mutilated? Too bad, but the irony here is second to none. Here's why...Oh the irony of the US Mint suspending its mutilated coin program.That is the program where coinage that is mutilated can be turned in for fresh new coinage that is not.From the US Mint's website (bold and bold added for emphasis and to point out the irony):PLEASE N...Read More
Dealers heading to Las Vegas with hope new JCKvenue will create a buzz and stimulate trading. Market sentiment weak amid sloworders, tight liquidity and declining prices. Memo houses doing well. US retailpositive, with fine jewelry a top category at J.C. Penney and Macy's. RichemontFY jewelry sales at Cartier, Van Cleef & Arpels +10% to $7.9B. Diamond manufacturers'profit squeezed as De Beers...Read More
Polished trading quiet amid ongoing liquidityconcerns. Geopolitical factors fueling caution as diamantaires await national-electionresults. Fewer foreign buyers seen in Mumbai. Pockets of good demand, asdealers look for top-quality supply. Manufacturers maintaining reduced polishedproduction after summer break, while profit margins tighten during May sight. RoundRead More
RAPAPORT... The Lab Grown Diamond Council (LGDC) will create the firstsustainability certification mark for synthetic diamonds to reassureconsumers their stones have met rigorous environmental and social standards, the newly-established trade group said. "Our mission is to create increased market clarity about thebenefit of lab-grown diamonds," LGDC chairman Michael Barlerin explained Wednesd...Read More
RAPAPORT... Lucapa Diamond Company has unearthed a 126-carat,gem-quality rough from its Mothae mine in Lesotho, it said Thursday. The stone is the largest recovered from the deposit sincecommercial production began in January, and the first diamond over 100 caratsthe mine has produced. Lucapa previously found five stones weighing more than50 carats each during bulk sampling. "Lesotho is very...Read More
RAPAPORT...Synthetic diamonds are a fundamental threat to the naturaldiamond industry. They are not just a competitive product like gems, pearls, orgold jewelry. They are a replacement product. Their marketers shout out: Don't buynatural diamonds, buy synthetic diamonds because synthetic diamonds are moreethical. They are cheaper. They build up synthetic diamonds by tearing downnatural diamonds.Th...Read More
Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced that submissions are being accepted in four categories for the 18th Annual GEM Awards which will be held on January 10, 2020, at Cipriani 42nd Street in New York. The GEM Awards contest honors the achievements of individuals and companies whose creations raise the visibility...Read More
Debswana Diamond Company (Debswana) has awarded a local contract to Majwe Mining, a joint venture (JV) between Bothakga Burrow Botswana and mining services provider Thiess Botswana, to provide mining services to Debswana’s Cut-9 project at the Jwaneng mine. The value of the contract is $1.2-billion and will span over nine years. The contract includes drill and on-bench services, mining plann...Read More
DiaCam360 has initiated a new venture that will lead to the automated identification of a diamond's color and clarity, based on a proprietary database of hundreds of thousands of images of diamonds that were taken with the DiaCam360. All these images were analyzed by the Deep Learning & AI (Artificial Intelligence) platform developed by the AI department of Matrix, an Israel-based, global...Read More
Jewelry industry analyst Paola De Luca, of the luxury market intelligence agency The Futurist, will speak at COUTURE in Las Vegas about the effects of the digital era and globalization on culture and design directions for the jewelry sector. Recognizing that the conversation in digital society is impacting jewelry design trends, the talk will address how consumer behavior and social changes not on...Read More
Following the discovery of the second-largest diamond in Botswana since 2015, the country has received more attention, with investors wanting to invest more in mining projects in the region, says diamond exploration and project development company Botswana Diamonds MD James Campbell. He adds that Botswana Diamonds is currently active in diamond exploration in the Kalahari region of Botswana. He be...Read More
The base metals industry is an exciting prospect for Botswana,as copper mining is increasing, which bodes well for the country’s economy, says Botswana Chamber of Mines (BCM) CEO Charles Siwawa. Although copper- and nickel-producing mines have temporarily closed down, companies such as Khoemacau Copper Mining will start operations in base metals mining in 2020 or in the first quarter of 2021...Read More