CloseGain/LossGold $1222.40-$0.80Silver$14.32-$0.10XAU65.17-0.81%HUI147.19-0.73%GDM538.38-0.32%JSE Gold1143.65+2.03USD96.81+0.60Euro113.68-0.82Yen88.76UNCHOil$53.43-$3.7710-Year3.056%+0.003T-Bond139.90625+0.125Dow24465.64-2.21%Nasdaq6908.82-1.70%S&P2641.89-1.82% The Metals: Gold chopped near unchanged in Asia before it climbed up to $1228.70 in London and then dropped to...Read More
CloseGain/LossGold $1222.40-$0.80Silver$14.32-$0.10XAU65.17-0.81%HUI147.19-0.73%GDM538.38-0.32%JSE Gold1143.65+2.03USD96.81+0.60Euro113.68-0.82Yen88.76UNCHOil$53.43-$3.7710-Year3.056%+0.003T-Bond139.90625+0.125Dow24465.64-2.21%Nasdaq6908.82-1.70%S&P2641.89-1.82% The Metals: Gold chopped near unchanged in Asia before it climbed up to $1228.70 in London and then dropped to...Read More
By Craig HemkeOn Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud that persists in the current system. A summary of the report, along with a brief interview of LBMA CEO Ruth Crowell, can...Read More
By Ira EpsteinGold sells off as US Dollar soars. https://www.iraepstein.com/ Read More
Graceland Updates By Stewart Thomson 1. After breaking upside from a double bottom pattern, gold continues its solid price action. More good times lie directly ahead for precious metals investors, because Chinese New Year buy season begins very soon.2. Please click here now. Double-click to enlarge. Note the solid position of my key 14,7,7 Stochastics indicator on this daily g...Read More
Dear Friend of GATA and Gold:Bart Chilton, the former member of the U.S. Commodity Futures Trading Commission who pushed his agency to hold in a March 2010 public hearing that addressed manipulation of the monetary metals markets and called GATA leaders as witnesses, this year has been hosting Russia Today's daily "Boom/Bust" program, and last Thursday he interviewed fund manager and gold advoca...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his.Sometimes we must consider the unthinkable.Official US national debt is $21.6 trillion. Unfunded liabilities are five to ten times higher. Global debt is about $250 trillion. US national debt has doubled every eight to nine years for decades.National debt in 2018 - $21.6 trillionNational debt in 2026? - $40+ trillion...Read More
Powell is apparently between a rock and a hard place. Inflation surged, while the global economy slowed down. What will he do? And how will gold react? Inflation Jumps in October The consumer price index climbed 0.3 percent last month, after rising 0.1 percent in September, according to the U.S. Bureau of Labor Statistics. It was the biggest rise since January, and it was mainly caused by an i...Read More
By Frank HolmesHere in San Antonio, the temperature hit a bone-chilling low of 27 degrees last Wednesday, breaking a 102-year-old record for mid-November. An out-of-state visitor, Cornerstone Macro's Head of Portfolio Insights Stephen Gregory, speculated that the Central Texas temperature, ordinarily mild this time of year, was down more than three standard deviations. I didn't make the calculat...Read More
Asset management firm Fasanara Capital compared stock valuations to bitcoin in that "it is totally disconnected from fundamentals," its chief executive told CNBCImpending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flowsStill, a major selloff hasn't arrived, and many market-watchers continue to...Read More
Gold and silver are steady. There is good demand for physical gold in China and ASEAN nations. Prices of gold and silver are low in Asia due to a stronger currency against the US dollar. People are taking advantage of stronger currency to buy gold. There will be sudden one way moves in bullion anytime till Friday. Asian markets and Asian traders do not sleep on US holidays. Silver demand is supe...Read More
Peter KrauthMy recent position on silver was that it had become massively oversold.That was a week ago, when the price of silver dropped from $14.65 to $13.97.We've since learned that money managers almost doubled their net short silver futures position in the previous week. That strongly suggests that speculative shorting of silver from its latest high near $14.80 helped push the metal below $14....Read More
RAPAPORT... Gemfields has sold a 5,655-carat emerald to Indian gemstonespecialist Dia-Color for an undisclosed amount, the miner said Tuesday. Gemfields extracted the Inkalamu, or Lion Emerald, at itsKagem mine in Zambia last month. It was one of 26 lots it offered at its auction inSingapore last week, which fetched a combined $28.4 million from the sale of 420,000carats of rough Kagem emeral...Read More
RAPAPORT... Shipments of Swiss watches bounced back in October after adrop the previous month, benefiting from stronger exports of high-end timepieces. Total exports rose 7% year on year to CHF 1.99 billion ($2billion) for the month, the Federation of the Swiss Watch Industry reportedTuesday. Orders for watches priced above CHF 3,000 ($3,024) climbed 12% byvalue, while exports of those worth...Read More
RAPAPORT... Hong Kong-based Tse Sui Luen (TSL) raised concerns about theimpact of the US-China tariff war on its business, even after sales improved inthe second fiscal half. "The recent outbreak and escalation of [a] trade disputebetween China and the US has cast some doubts on the economic outlook for boththe global and local economies going forward," the company said Tuesday. "Oneconsequen...Read More
RAPAPORT... A fancy-vivid-blue diamond with an estimate of $20 millionto $30 million will head up Sotheby's Magnificent Jewels auction in NewYork next month. The pear-shaped, 10.62-carat, VVS1-clarity stone from aprivate European collection will go under the hammer at the December 4 sale,Sotheby's said Monday. Other notable pieces include a Harry Winston diamond ringwith a cushion-cut center...Read More
RAPAPORT... De Beers recorded its lowest-value sales cycle this year asweak Indian demand prompted it to drop prices of cheaper goods. Proceeds fell to $440 million in November as the miner reducedprices by high-single-digit percentages for rough diamonds costing $100 per carator less, sightholders said last week. The Indian manufacturing sector has struggledwith thinning profit margins due to rel...Read More
(IDEX Online) - Gemfields has announced auction revenues of $28.4 million from a November 14-17 sale of higher quality rough emeralds held in Singapore. The company recorded an average price of $68.03 per carat, with 40 companies placing bids and 74% of the goods offered being sold, a significant improvement on the results of the last such auction held last May. The 30 auctions of g...Read More
Diamond miner De Beers sold $440-million worth of rough diamonds during the ninth sales cycle of this year.This is lower than the $475-million worth of diamonds sold in the eighth cycle of the year, as well as the $503-million worth of diamonds sold in the seventh cycle.AdvertisementDe Beers sold $466-million worth of rough diamonds in the ninth cycle of 2017.The sales are based on global sightho...Read More
(IDEX Online) - The Israel Diamond Institute (IDI) said it is optimistic as it prepares for the November 29-December 2 Hong Kong International Jewelry Manufacturers' Show at the Hong Kong Convention & Exhibition Centre. IDI said that positive expectations are based on rising demand in Hong Kong and other Asian markets, and an anticipated increase in activity before the Chinese New Year...Read More