By Frank HolmesStrengthsThe best performing metal this week was gold, up 0.14 percent. The Bloomberg Intelligence Global Senior Gold Valuation Peers Index is heading for a fourth straight gain to mark the longest rally since September. The index posted its first monthly gain in seven months in October as investors are giving gold equities a second look now. Bloomberg's Susanne Barton writes that...Read More
By Clint SiegnerIt is hard to cheer for the Department of Justice these days, but federal prosecutions have begun to offer hope for precious metals investors hurt by rigged markets and crooked traders.The DOJ looks poised to do what regulators at the CFTC have not. They will use evidence of blatant cheating and fraud to hold a few bankers accountable.Last week, DOJ officials asked the judge in a...Read More
CloseGain/LossGold $1222.50-$0.30Silver$14.25+$0.01XAU64.73-0.83%HUI146.62-0.81%GDM536.53-0.64%JSE Gold1127.24-13.59USD97.05+0.14Euro113.34+0.05Yen88.76UNCHOil$51.63+$1.2110-Year3.067%+0.028T-Bond139.8125-0.1875Dow24640.24+1.46%Nasdaq7081.85+2.06%S&P2673.45+1.55% The Metals: Gold gained $5.20 to $1228.00 in Asia before it chopped back lower in London and New York, but it...Read More
Full Article: To Succeed In The Markets You Must Become A 'Second Level ThinkerBy: Jesse Felder"To achieve superior investment results, you have to hold non-consensus views regarding value, and they have to be right. That's not easy... The good news is that the prevalence of first level thinkers increases the returns available to second level thinkers. To consistently achieve superior investment...Read More
Peter KrauthAs the price of gold continues to fight to for a breakout above $1,230, we have been getting some clues as to why it dipped below $1,200 recently.According to the "Commitments of Trader" report compiled by the Commodity Futures Trading Commission two weeks ago, large speculators had increased their bearish position in gold futures by 67%.Interestingly, those large short positions were...Read More
With falling investment demand, it comes as no surprise the physical market is in a surplus...for now. But for how much longer? Here's Matt's insight...by Matt from Silver Fortune via Silver FortuneWith falling investment demand, it comes as no surprise that the physical market is in a surplus... for now. But for how much longer? Read More
Chris says silver could reach the $40 to $50 level very quickly if certain events unfold, and that's just Chris' "conservative" price target...by Chris Vermeulen of The Technical TradersAs we continue to explore our custom research into the metals markets and our presumption that the metals markets are poised for a massive price rally over the next few months/years, we pick up this second part of...Read More
The silver miners have been largely abandoned this year, but they're ready to soar as the silver price recovers. Here's why...by Adam Hamilton of Zeal LLCThe major silver miners' stocks have been largely abandoned this year, spiraling to brutal multi-year lows. Such miserable technicals have exacerbated the extreme bearishness plaguing this tiny contrarian sector. While profitable silver minin...Read More
RAPAPORT... Will the holiday season bring joy to wholesalers andmanufacturers? Traditionally, the industry looks to the fourth quarter to turna profit, but some are taking a longer view in hopes of making the holidayspart of a 12-month business."All barometers point to a strong holiday season," saysRonnie VanderLinden, president of New York-based diamond manufacturer Diamex,as well as of the Diamo...Read More
RAPAPORT... Polished-diamond imports to the US grew in September,according to government data.Shipments into the country increased 10% year on year to$1.95 billion, the third consecutive monthly rise, even as import volume dropped19% to 902,000 carats, figures showed. The average price jumped 35% to $2,157per carat. Polished exports slid 3% to $1.66 billion, while netpolished imports - repres...Read More
(IDEX Online) - Despite an increase in sales and profit in the first half of this year, Hong Kong's Tse Sui Luen Jewellery fears the impact of the US-China trade war on business. There has been rising retail sentiment in Hong Kong since September last year boosted by higher numbers of mainland tourists and growing sales to local customers, said Chairwoman Annie Yau. "However, t...Read More
The three-month tin price on the London Metal Exchange stood out as the strongest performer among its peers with a gain of 1.2% this morning, Monday November 26. Three-month copper ($6,183 per tonne) and aluminium were up by 0.2%, while the rest were down by 0.3%. Volume has been average with 5,700 lots traded as at 7.30am London time. This mornings mixed performance by the LME three-month b...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 30 points in pre-opening trade. Dollar Tree (DLTR $83.01) is expected to open lower after JP Morgan lowered its target price to $84 from $190.Alphabet (GOOGL $1030.10) is expected to open lower after MKM Partners lowered its target price to $1365 from $1465.Facebook (FB $131.73) is expected to open lower after MKM Part...Read More
My model for forecasting oil prices has three top-level factors, represented graphically by arrows pointing up, down or sideways. An up arrow is colored green and points to higher oil prices. A down arrow is colored red and points to lower oil prices. The sideways arrow is colored grey and suggests that the relevant factor is neutral with respect to oil prices.Of course, there are innumerable subf...Read More
As the holidays are just around the corner, parents will soon welcome home their college children who have been off getting that overvalued college education. They're providing the education that we were always taught children needed.I say all the time that we were taught to go to school, get a job, save for retirement. But there's one lesson that seems to be left out: the real price of having kid...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsProductivity - output per worker - matters to an economy because it is the principal driver of income per h...Read More
Suddenly, the diamond sector is an exciting place to be.Personally, I feel a renewed sense of optimism about the industry after being a part of the first ever Diamonds Symposium, organized by DiC's publisher The Northern Miner in June.It was gratifying to see a great turnout at the event, proving that there is still a vibrant diamond community in Canada.But it's not just that we had a successful a...Read More
A maiden resource estimate on Eldorado Gold's (TSX: ELD; NYSE: EGO) Bolcana copper-gold project in Romania, about six kilometres from the company's Certej project, has delivered 6.5 million inferred ounces of gold.The inferred resource of 381 million tonnes grading 0.53 gram gold per tonne and 0.18% copper for 6.5 million ounces of contained gold and 686,000 tonnes of copper is based on 98 diamond...Read More
While not officially scheduled, the presidents are expected to have a one-to-one encounter during the G20 conference of the world's 20 biggest economies being held in Buenos Aires on Friday an...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumRaw Materials Week is a series of events organised by the European Commission addressing the latest news on raw material...Read More