Base metals on the London Metal Exchange were mixed during morning trading on Monday December 31, with low volumes across the board limiting the complex to narrow trading ranges despite a marked slump in the US dollar index. Climbing furthest over the morning, both nickel and zinc futures appreciated 0.6% amid a continued drawdown in LME inventory, while a dominant warrant holding position holds 5...Read More
Base metals prices on the London Metal Exchange were all up during Asian morning trading on Monday December 31 amid renewed optimism in the market after US President Donald Trump reported "big progress" in trade talks with his Chinese counterpart, Xi Jinping. In a tweet on December 29, Trump said that trade negotiations were "moving along very well" toward a comprehensive deal, while Chinese state...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday December 31.Base metals prices on the London Metal Exchange were all up during Asian morning trading on Monday amid renewed optimism in the market after US President Donald Trump reported "big progress" in trade talks with his Chinese counterpart, Xi Jinping.Check Fastmarkets MB's live...Read More
Key data from the pricing session in Shanghai on Friday December 28. Key drivers- The fob China grade-553 silicon price was unchanged amid thin inquiries and trades. - Suppliers adopted a "wait-and-see" stance due to squeezed profit margins. - Following a round of stockpiling in the past couple of...Read More
Investors are starting 2019 with a variety of interesting options when it comes to adding stocks to their portfolios. Gold has not been on the radar for some years, but that might change.A new gold rally?The gold sector has under performed since 2011 and investors can be forgiven for giving the miners a wide berth. Most stocks in the industry have fallen significantly amid over-leveraged balance s...Read More
In this video, Dave Rubin and Jordan Peterson focus on four issues:(1) our departure from Patreon (as of Jan 15, 2019);(2) plans to create an alternative creator-funding platform, with multiple payment options, and with protection for free speech foremost and center as a guiding principle;(3) the exceptional danger posed by the increasing willingness of payment processors such as MasterCard, Visa...Read More
"The Pentagon Papers were stolen property, weren't they? They were stolen from the Pentagon and given to the New York Times and the Washington Post...Nobody went to jail at the Continue...Read More
Top silver expert David Morgan comments on the worst year for stocks since 2008. He sees a shift coming away from equities and into precious metals. He sees 2019 being positive for gold and silver and sees even more momentum entering metals in 2020.Morgan thinks the Fed will not have much room to cut interest rates if the economy enters a recession. However, they could use quantitative easing. But...Read More
Thousands of protesters gathered in Hong Kong this week to demand full democracy, fundamental rights, and independence from mainland ChinaContinue...Read More
Watch Silver, folks. This quiet shiny metal is starting a move that could be very foretelling of global market concerns and risks. Early on December 26, 2018, Silver broke through recent resistance, to the upside, with a relatively large 2.8%+ upside move. Why is this so important to traders? Because Silver is the “sleeper metal” that is typically the last to react to global economic c...Read More
Although yours truly has yet to completely jump on the bull bandwagon (which has revved up recently), I cannot ignore the positive fundamental and technical developments for precious metals.On the fundamental side, the market is essentially pricing in no hikes for 2019 and the start of rate cuts in 2020. For Gold, that is a huge improvement from just a few months ago. In regards to the technicals,...Read More
I don't really believe in palm readers and crystal balls and tarot cards, but I respond to the need for them. - Stephan JenkinsI skate cautiously on the thin ice of making predictions and realize its a fool's errand. But people love to read them and I usually get a few correct along the way.Here are my 10 predictions for 2019:1) Stocks bounce in early 2019, but continue to slide lower throughout t...Read More
RAPAPORT... In the retail industry, "The customer is always right" haslong been the motto. This drive to please consumers means businesses areconstantly in search of new and inventive ways to make them happy. But where dothey start? What does the general public look for when making a purchase? Andwhat is everyone talking about when they say the new-age consumer is lookingfor an "experience"?T...Read More
RAPAPORT... Gem Diamonds has recovered a 125-carat diamond at its Let??engmine in Lesotho, bringing the company's annual haul of 100-carat-plus stones to15. It found the high-quality, white, type IIa diamond onDecember 20, shortly after unearthing two other stones weighing 101 carats and71 carats, the miner said last month. The total number of diamond discoveries above 100 carats beatsthe c...Read More
RAPAPORT... A slew of heists rocked the jewelry industry in 2018, making headlines worldwide. RapaportNews looks back at four of the biggest thefts of last year - and one of the tiniest. Swedish Royal Jewels In August, thieves stole priceless royal artifacts belongingto former Swedish monarchs Karl IX and Kristina. The robbers took the items froma display case during a raid on the Str??n...Read More
(IDEX Online) - TrueFacet, which sells mostly pre-owned watches and jewelry items, has raised $10 million in a financing round, according to reports. The New-York based company sells pre-owned authenticated watches and jewelry. The company says it has more than 40,000 watches and 55,000 pieces of pre-owned authenticated watches and jewelry for sale on its site. It has more rec...Read More
(IDEX Online) - Las Vegas police said a suspect was killed and an employee injured after an attempted robbery turned into a shootout in the central Las Vegas Valley. Two suspects went into the John Fish Jewelers store and attempted to tie up a customer and employees in order to carry out the robbery. However, an employee in the back room, armed with a legal concealed gun, came out a...Read More
(IDEX Online News) - Price changes in round and fancy shape diamonds in December were fairly evenly divided between decliners and risers, with relatively few changes in the smallest and largest sizes. In round goods, stones of 0.23-0.29 carats in K, VVS1-VS2, fell 4%; in 0.30-0.39 carat diamonds D-F, VS2, by 2-3%; in 0.45-0.49 carat diamonds D, VS2-SI2, of 1-3%. Meanwhile, there were rises in diam...Read More
Around this time of year, it’s a good idea to stop and look back, taking stock of all the incredible and difficult things that happened over the last 365 days.The Internet is full of “Top 2018” lists that span the best books, movies, music, celebrity moments etc. to allow you to reflect on the past year.This week, I’m looking forward to the top trends and predictions for 20...Read More
Gold’s fierce year-end rally may have surprised a lot of people… I mean, even peeps like me who are getting kind of used to witnessing these sharp reversals around December timeframe, well, even then, I can’t ever say for certain I expect this trend to continue…In early December, though, I did write the following post, kinda letting readers know that a rally in gold was som...Read More