By: Stewart Thomson 1. There's a time for gold stocks to rally... and a time for consolidation and retracement. Please click here now. We have joy, we have fun, we have gold price seasonality in the sun?2. To view seasonality on the daily gold chart, please click here now. Double-click to enlarge.3. The COMEX price of gold is determined mainly by commercial bank traders an...Read More

Jordan Roy-Byrne CMT, MFTAStop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let...Read More

By: Ira EpsteinGold bias is down, bouncing around here:Read More

The slides for the PowerPoint presentation accompanying these remarks can be found here:http://gata.org/files/GATA-HongKong-Slides-04-02-2019.pdf* * *[SLIDE 1: Introduction]Remarks by Chris Powell, Secretary/TreasurerGold Anti-Trust Action Committee Inc.Mines and Money Asia ConferenceHong Kong Convention and Exhibition CentreTuesday, April 2, 2019Mining Investment Asia ConferenceInterContinental...Read More

The timing of Lyft's IPO last week could not have been better for Wall Street insiders, since they will have an opportunity to unload their shares into a veritable orgy of greed and ignorance. The stock market looks unstoppable at the moment, and it is making Lyft's $24 billion valuation seem somehow less absurd. Just four months ago, when shares were in the throes of what many of us mistook fo...Read More

US-China trade deal will only a temporary stop gap fix for global economy. Eurozone wants greater access to China. China will try to balance US and Eurozone as it will never want its large population to be used as a dumping ground. The trade between USA-China and Eurozone-China are not addressing long term key thorny trade issues. American politicians and Eurozone politicians want to use China f...Read More

Here is an inside look into silver speculation, a comparison between the speculative trades of Buffett and the Hunt Brothers, and a whole lot more...WIlliam Silber interviewed on SBTVSBTV had a great conversation with Professor William L. Silber, a Professor of Finance and Economics at the Stern School of Business at the New York University. Tune in for an inside look into the speculative silver t...Read More

RAPAPORT... A rare oval diamond sold for nearly $14 million at Sotheby'sin Hong Kong Tuesday, beating its high estimate of $12.7 million. The oval brilliant-cut, 88.22-carat, D-color, flawless, typeIIa stone is one of only three oval diamonds over 50 carats offered in auctionhistory, Sotheby's said. The hammer went down on it at $13.8 million, or $156,150 per carat, at theMagnificent Jewels a...Read More

RAPAPORT... Macy's has named Dennis Mullahy chief supply officer, a role in which he will oversee everything involved in getting products to the shelves.He will supervise all aspects of supply, including globalsourcing, inventory management, store and e-commerce distribution,transportation, indirect procurement, supply-chain systems, sustainability, andsupplier diversity. "We are investing in our...Read More

RAPAPORT... The Central African Republic (CAR) is trying to entice large diamond-mining companies to set up operations in thecountry, as part of its effort to reform the sector and meetKimberley Process (KP) regulations. The government has already contacted both De Beers andAlrosa, President Faustin-Archange Touadera said in a speech to the Antwerp trade Monday. Allowing established companies...Read More

 RAPAPORT... More than 100 Signet Jewelers employees will lose their jobsamid the closing of the company's Texas-based manufacturing facility. The closure is part of a long-term effort by the Zales,Jared and Kay owner to cut costs and improve efficiency. "We have evaluated consolidation in key areas of ourbusiness, seeking to understand production capacity, cost and efficiency acrossour...Read More

RAPAPORT... Tiffany & Co. has launched a marketing campaign for its first new bridal line in nearly a decade.The jeweler unveiled the new Tiffany True ring design in September, and is now pushing the product with a video commercial. It features three couples wearing the engagement rings during private moments, set to Lady Gaga's song "Is That Alright?" from her Oscar-winning movie&nb...Read More

RAPAPORT PRESS RELEASE, April 2, 2019, Las Vegas ... Diamond market sentiment was soft in March, after the Hong Kong and Basel shows failed to boost trading in a significant way. The first quarter was weaker than last year's, with cautious retail inventory replacement after the holiday season. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds slid 0.2% in March, while RAPI for 0.30-carat fe...Read More

The American department store JCPenney is struggling to overcome its financial and organizational troubles and is closing 27 of its 860 stores in 2019. In an interview published by TODAY Style, the department store's spokesperson, Carter C. English said: "As part of a standard annual review, the decision was made to close 18 stores across the country, including the three previously announced...Read More

Aim-listed BlueRock Diamonds on Tuesday reported a 12% year-on-year increase in mined tonnage at its Kareevlei mine, in Kimberley, to 42 409 t for the first quarter of this year.This was achieved despite a temporary eight-day suspension in mining operations in February.AdvertisementThe diamond producer sold 1 847 ct of diamonds in the first quarter – an 18% year-on-year increase.A...Read More

Reuters reported that the US Commerce Department said that in February, retail sales had dropped 0.2 percent, instead of the 0.3 rise forecasted. The department said that households cutting back on purchases of furniture, clothing, food and electronics and appliances, as well as building materials and gardening equipment were the chief reason for the decline. On the other hand, the Commerce Depart...Read More

PERTH (miningweekly.com) – Africa-focused Lucapa Diamond Company has recovered its fifth diamond larger than 50 ct from the Mothae operation, in Lesotho, since commercial production started in January.The recovery of the top-colour 55 ct stone was recovered only shortly after the recovery of a 128 ct diamond from Lucapa’s Lulo alluvial operation, in Angola, earlier this year.Advertisem...Read More

Alrosa, the Russian diamond miner, held its first rough diamond auction in New York this year, selling stones of 10.8 carat and up. The total revenue from the auction amounted to $11.8 million. The company sold 107 stones at a total weight of 1,900 carats. Over 30 firms from the chief diamond trading hubs, such as the USA, Israel, Belgium, India and the UAEm, participated in the auction. "We held...Read More

Following long months without a captain at the helm, the giant fashion jewelry company Pandora hopes to see the newly appointed President and CEO, Alexander Lacik steer the ship into more profitable lanes. But this week, the company announced that its Chief Operating Officer, Jeremy Schwartz, had announced his immediate resignation. The year 2018 was an awful year for Pandora.   The sto...Read More

On April 1, American Gemological Laboratories celebrated its tenth anniversary under Christopher Smith's management. When he stepped into the shoes of Cap Beasly in 2009, he had a team of six gemologists and a lab in dire need of new clients. "We are now a team of thirteen,' Smith said. "It is a matter of great pride to see the company growing, embracing a good value system and achieving more...Read More