Stop me if you've heard this before. Precious Metals disappointed again.Continue...Read More
By: Keith WeinerWe think we are the only generation to be smart. In the 19th century, they did not have the internal combustion engine. In the 18th century, they did not have the railroad. In the 17th century, they did not have the piano. So, most people assume, they were dumb. They did not know about smart phones, so they would not have understood anything. Such as money.So let's tell the...Read More
StrengthsThe best performing metal this week was platinum, up 0.26 percent as money managers boosted their positions on expectations for higher prices. Gold traders remained bullish this week even though the yellow metal tumbled below $1,300 an ounce, according to the weekly Bloomberg survey. Turkey saw its gold reser...Read More
By: Dave Kranzler"The reason nobody really knows what caused the financial crisis is that no one asked Ben Bernanke, Chairman of the Federal Reserve at the time, or Hank Paulson, the Treasury Secretary at the time, exactly why they were lying about why those banks supposedly needed a bailout" - John Titus, "The $1 Trillion Devil in the DetailsMany people believe what happened in 2008 is settled...Read More
In an interview I did last week with USA Watchdog's Greg Hunter, I came across as a lukewarm gold bull. Although many of those who commented apparently agreed with my grim deflationary scenario for the global economy, the negative implications this could have for gold did not resonate with Greg's audience.In fact, I see significant appreciation potential for gold, although not to the celestial...Read More
By: David Chapman Elliott Wave International (www.elliottwave.com) (EW) recently noted an interesting piece of market symmetry in an addendum to its March 2019 Elliott Wave Theorist dated March 26, 2019. We thought it interesting enough to repeat it to the readers of the Technical Scoop. What EW showed was how the topping process of 2018-2019 has mirrored to a "striking degree" the topping p...Read More
By Avi GilburtOne of my members laughingly posted an article in our chatroom entitled "Riding the Bond Rally No One Saw Coming." Were you one of the many who did not see this rally coming? The point my member was trying to make was that while we were preparing for this rally since October of 2018, it seems most of the market was surprised by the rally.Before I address how we have handled the bon...Read More
The silver miners may be struggling now, but silver-mining profits are set to explode higher. Here's why...by Adam Hamilton of Zeal LLCThe major silver miners have rallied higher on balance in recent months, enjoying a young upleg. That's a welcome change after they suffered a miserable 2018. Times are tough for silver miners, since silver's prices have languished near extreme lows relative to...Read More
RAPAPORT... Retail sales of jewelry and other luxury items declined inHong Kong in February, impacted by weakened consumer sentiment and the timingof the Lunar New Year. Revenue from jewelry, watch, clocks and other valuable giftsfell 10% year on year to HKD 7.25 billion ($923.1 million) for the month, the municipality'sCensus and Statistics Department reported Monday. Sales in all retailcate...Read More
RAPAPORT... Hong Kong-based jeweler Chow Sang Sang saw a 13% rise insales in 2018, amid improved consumer sentiment and a spike in gold demand inthe first half of the year. Group sales came to HKD 18.81 billion ($2.40 billion) forthe year, as revenue from jewelry retail increased 18% to HKD 17.13 billion($2.18 billion). Proceeds from other businesses, including property, fell 21%to HKD 1.68 b...Read More
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RAPAPORT... De Beers will allow its sightholders to disclose sourceinformation on diamonds they purchase from the company, after unveiling its "diamonds from DTC" program Monday. "We are proud of where our diamonds are discovered, how werecover them responsibly and the role our activities play in building thrivingcommunities," said De Beers CEO Bruce Cleaver. "By enabling our customers t...Read More
RAPAPORT... Gem Diamonds has unearthed a 134-carat yellow, the second significant colored diamond it has found this year. It discovered the high-quality, type I stone on March 31 at its Let??engmine in Lesotho, the company said Sunday. The last yellow-diamond of that magnitude the miner reported on was a 151.52-carat stone, which it retrieved in June 2017. In March, Gem Diamonds sold a pink...Read More
RAPAPORT... Initiatives in Art and Culture (IAC) will present FerielZerouki with its award for leadership in responsible practice in jewelry. The honor is bestowed annually on members of the jewelryindustry, or part of a jewelry-focused organization, that have made atransformational contribution to ethical sourcing and responsible practice inthe global trade, IAC said last week. Zerouki, De...Read More
(IDEX Online News) - In general, for rounds March was all about reversing the trends of February, when the market dared a little, only to be whistled back in March. Parallel to trends in the previous month, prices of round diamonds under a carat remained rather stable, with a few goods, especially in the higher colors and clarities, losing a few percent. Prices of goods between 80 points and a c...Read More
Macau's Executive Council announced during a press conference at Government Headquarters earlier this month that its government has drafted and submitted a bill that, when approved by lawmakers, would open the way for Macau to join the Kimberley Process Certification Scheme (KPCS). Once accepted, Macau could then import and export rough diamonds. According to a government spokesperson, the bi...Read More
Representatives of the Antwerp World Diamond Centre (AWDC) accompanied King Filip of Belgium on a state visit to South Korea. During the state visit, Golden Dew, one of Korea's largest jewelry brands, launched three special cuts it developed together with Antwerp diamond companies. During the visit in March, three special diamond cuts were presented to the general public in the presence of the Kin...Read More
Better Chinese manufacturing data has surprised the market and boosted three-month base metals prices on the London Metal Exchange by an average of 1% this morning, Monday April 1. Nickel led the way with a 2.2% gain to $13,285 per tonne, up from Fridays close at $12,995 per tonne, while tin was the laggard with a 0.4% gain. Aluminium, zinc and lead were all up by 0.9%, while copper was...Read More
U.S. equity index futures were higher this morning. S&P 5 00 futures were up 20 points in pre-opening trade. Index futures responded to news that the China Caixin March Manufacturing PMI increased to 50.8 versus consensus at 49.9. An Index above 50 implies GDP growth at an increasing rate. The Shanghai Composite Index gained 2.6%.Index futures were virtually unchanged following release of Febr...Read More
A recent study by the U.S. Bank found that only 41% of Americans use a budget even though it’s one of the most effective ways to keep track of your finances. Building a budget, automating bills, consolidating debt, negotiating lower premiums…all these financial must-dos are easy on paper but for whatever reason prove challenging in practice. Why do you avoid doing what you know is best...Read More