LONDON, 7 November 2023 - Comment and analysis from BullionVault tonight leads the latest gold price report published by global investment ratings and data service Morningstar.Retesting the $2000 per ounce level last month "[required] a surge of bullish speculation in Comex futures and options, the second fastest jump on current data," the report quotes Adrian Ash, director of research.You can rea...Read More

LONDON, 31 October 2023 - Comment from BullionVault features today in a report from leading German newspaper Handelsblatt about how weak investment demand for gold has so far failed to dent the price of the precious metal."In the long term, consumer demand, along with central bank demand, helps form a floor for gold prices," explains Adrian Ash, director of research.So while these segments of the...Read More

As the concern with geopoliticspeaked, so did gold price. Silver and mining follow. Are you prepared for thelikely outcome?Gold Peaks and SlidesIn my yesterday’sanalysis, I wrote the following about gold: Goldmade a few attempts to move above the all-important $2,000 level and the risingresistance lines, and it failed all of them. The strong short-term momentum isgone, just as the fear of th...Read More

The gold miners’ stocksare lagging gold’s strong young upleg, their gains falling behind.  Their striking performance gap is undermininggold-stock sentiment, leaving traders even warier of this sector.  While definitely vexing, this anomaly has onlyarisen over the past couple weeks.  Goldstocks’ precedent during past major gold uplegs implies this will unwind soon,...Read More

As the Federal Reserve puts a hold on interest rates, investors have to ask themselves whether the elevated inflation rate is also on hold.The Fed’s preferred measure of so-called “core” inflation, which excludes food and energy costs, most recently came in at 3.7%. Despite having fallen substantially since last year’s peak, the official inflation rate has yet to approach t...Read More

With the economic backdrop continuingto deteriorate, silver’s bull case has become increasingly fragile.Ominous Signs AheadWhile silver has bounced off its recentlows, the white metal continues to underperform gold. And whenvolatile areas of the precious metals market showcase weakness (silver andmining stocks) it’s often an ominous sign for the entire sector.  In addition,&n...Read More

While geopolitical conflict has keptgold afloat, mining stocks’ weakness signals trouble ahead.  EconomicRecession LoomsWhile risk assets attempt to breakfree of their bearish corrections, gold’s relative outperformance hasthe yellow metal shining bright. Despite that, we’ve booked 11-straightprofitable trades, and our 12th (currently open) remains in the gree...Read More

Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwindWe have used this daily chart of the gold stock ETF, GDX in written and video updates to keep NFTRH subscribers apprised of the progress of the bounce from the early October low (after previously using the chart to manage the long correction that began with the May double top). Let’s upd...Read More

Crisis, crisis everywhere. But objective, free from the noise of the news, forecasting of commodity prices starts here, with our free Special Report ($155 value). The geopolitical landscape is wracked. War in Ukraine, humanitarian crisis in Syria, and now, what Vox Media on October 15 called the "worst conflict in decades" between Israel and Hamas. For mainstream analysts who use news as the main...Read More

Silver has been a major underperformerin recent months, as the white metal proved no match for higher real yields anda stronger USD Index.With silver gunning for its 2023 lows,the recent sell-off has done severe technical damage. And while the weaknesshas been a boon for our GDXJ ETF short position, silver could enjoy ameaningful bounce in the weeks ahead. Yet, the technicals are much better...Read More

Precious metals markets got hammered earlier this week asinterest rates continued their relentless march higher. The 10-year Treasury note recorded its highest yieldsince 2007. Meanwhile, the average conventional 30-year mortgage rate surged to7.31% -- a level not seen since 2000. Higher rates are putting pressure on housing andfinancial markets. They are also hitting consumers and small businesse...Read More

With the fundamental roadblocks addingup, silver confronts a bearish outlook at nearly every turn.With the FOMC’s hawked-up SEP andPowell’s inflation focus upending several risk assets, rising real interestrates continue to weaken silver’s bull thesis.And with the Fed chief promising more of the same on Sep. 20, higher interest rates and/or a recessionare both bullish f...Read More

Fears of inflation remaining stubbornly high, andinterest rates going higher, rattled financial markets this past week. On Wednesday, the Federal Reserve left its benchmarkfunds rate unchanged as expected. However, Fed chairman Jerome Powell left thedoor open for another hike in the near future. He also suggested rates may needto stay higher for longer than previously expected. By Thursday, invest...Read More

Fed hawkishness hasbeen the rankling thorn in gold’s side for 18 months now.  Since the Fed started this monster rate-hikecycle, every material gold and gold-stock selloff has been driven by the threatof more rate hikes.  Those boost the US dollar,triggering gold-futures selling.  But theFed’s hawkish spell over traders is waning. Gold and the miners weathered this...Read More

What a beautiful nothing! Nothingreally happened on the markets on Friday, but due to the context of theprevious days’ actions, it was profound.The thing is that it was a day whenmarkets took a breather and verified their previous moves.Some price moves are accidental ortriggered by geopolitical events. Sometimes, the markets pretty much “have to”move in a certain direction becau...Read More

(IDEX Online) - Sotheby's Geneva brought in an above-estimate $46.5m from its Magnificent Jewels auction, but withdrew one of its star attractions - a 94-carat Paraiba tourmaline - shortly before the event.Biggest highlight of the 158-lot auction was the Love Stone (pictured), a 103.62-carat fancy intense yellow VS2 cushion modified brilliant-cut diamond that sold for $2.48m.But the Blue Lago...Read More

(IDEX Online) - Mountain Province (MPD) says it will cut costs, suspend the underground expansion of its Gahcho Kue mine in Northwest Territories, Canada, as it announced a Q3 net loss of CAN$13.4m (US$9.7m).The company blamed a downturn during the quarter, with major diamond producers significantly cutting their sales and Indian manufacturers adopting a voluntary two-month ban on rough purchases...Read More

(IDEX Online) - The week-long Kimberley Process plenary in Zimbabwe ended in conflict and chaos yesterday (Saturday 11 November), primarily over Russia's use of diamond revenue to fund its war in Ukraine. KP Civil Society Coalition (KPCSC) the observer group of mostly African diamond-producing countries, walked out of talks that dragged on until 2am, saying it had lost confidence in the discu...Read More

(IDEX Online) - A white glove sale of Viennese imperial and royal jewelry that was rediscovered earlier this year in a German bank safe sold for a total of $10.7m at Sotheby's Geneva.All 207 lots were sold, achieving more than three times the overall pre-sale low estimate.Sotheby's described the collection as extraordinary, "spanning two centuries of European history charting the fates,...Read More

(IDEX Online) - Details of the G7 nations' long-awaited sanctions on Russian diamonds and how they will be implemented could be decided as soon as Monday (13 November) according to Josep Borrell, the EU's chief diplomat.He told the Financial Times: "In order for [EU] member states to be unanimous for the ban on diamond trade, some were requesting that the G7 were giving, let's say,...Read More