A few years ago the Swiss National Bank (SNB) - which traditionally held "monetary assets" like government bonds, cash and gold to back up the Swiss franc - decided to branch out into common stocks.Continue...Read More
The precious metals sector has just one standout performer this year, and that is palladium. Lately the market for that metal has gotten more than just hot. Developments there could have implications for the LBMA and the rickety fractional reserve system of inventory underpinning all of the physical precious metals markets.Palladium Reaches Gold Price, Makes All-Time HighCraig Hemke of the TF Meta...Read More
RAPAPORT... Signet Jewelers has launched a brick-and-mortar conceptstore for its e-commerce brand James Allen. The store, which opened on Friday in the Georgetown area ofWashington, DC, will feature an immersive gallery experience aimed at thebrand's younger consumer base, the retailer said last week. "We're excited to continue executing Signet's customer-first,omni-channel strate...Read More
RAPAPORT... A Bulgari necklace fetched $200,000 at Phillips auctionhouse's first New York sale, exceeding its presale estimate of $120,000 to$180,000. The piece includes 39.35 carats of oval-shaped rubiesand 6 carats of round brilliant-cut diamonds. It was the top-selling lot at theauction, which earned $2.4 million overall, Phillips said. A ring featuring an emerald-cut, 4.91-carat, faint-pi...Read More
LISBON – Angola will conduct its first diamond auction in January as part of the southwest African country’s plan to open its economy to foreign investors, state-owned diamond-trading company Sodiam said.Seven gemstones from the Lulo mine, located in the northeast, will come under the hammer, Sodiam said in an emailed statement Monday. They include a 114 ct stone and a pink, 46 ct gem....Read More
RAPAPORT... Dominion Diamond Mines CEO Patrick Evans has stepped down withimmediate effect after a year at the company, the miner confirmed to RapaportNews Sunday. Evans joined the Canada-based producer in November 2017 afterits $1.2 billion acquisition by Washington Companies. Prior to that, he was CEOof Mountain Province for 12 years. Shane Durgin, Dominion's chief operating officer, will...Read More
David Petersson is a developer and freelance tech blogger interested in cyber-security, AI and blockchain, and try to separate signal from noise in the industry.Continue...Read More
One year ago, I was on the precious metals panel at the New Orleans Investment Conference. I was asked if cryptocurrencies had replaced gold as a safe haven.I laughed, answered no, and explained we would have more clarity once cryptocurrency traders had their faith tested.They are having that faith tested and most - surprise, surprise - have capitulated and moved on.Bitcoin has dropped approximate...Read More
Whisky is for Drinking; Water is for Fighting OverThe problemof severe water stress in the United States - and elsewhere - is serious andgetting worse. Water stress is what happens when the demand for water exceedsthe amount available, or when poor quality restricts its use. It most commonlyoccurs in areas where available water supplies have been over-exploited, oftendue to agriculture or urban de...Read More
As we are watching the US and global markets rotate dramatically lower over the past few days, we have been advising our members that we believe this rotation is an over-reaction to economic impetuses and trade issues – not a massive downside price break. Overall, some of our longer-term technical indicators are currently bearish, as one would think technical indicators would react to...Read More
Listen to what gold is saying. It’s not deflation that we have to worry about. We’re about to enter a multi year period of rising inflation. Seriously did you think years of QE weren’t going to have consequences at some point?For a long time I’ve maintained several key macro views.Gold started a new bull market in late 2015.The dollar started a secular bear market in early...Read More
Oil prices jumped over 4% on Friday. And traders were ecstatic.But the excitement was short-lived.OPEC announced at a meeting in Vienna on Friday that it would cut crude production by 1.2 million barrels per day in an effort to lift prices. Reuters reported this was 0.2 million over the expected output cut.The market responded. Crude for January delivery increased to over $54 per barrel... but gav...Read More
For the Eastern Washington town of Republic, dreams of revival rest on a new approach to gold mining.Read full newsRead More
Fred Imbert| @foimbertPublished6:12PM ET Sun,9 Dec 2018Updated3 Hours AgoCNBC.com show chapters Markets turn volatile in another wild trading session — Here's what five experts are watching 5 Hours Ago |03:44 Stocks rose on Monday, erasing sharp losses from earlier in the day, as shares of technology companies posted strong rebounds across the board.The Dow Jones Ind...Read More
Gold rose to the predicted level of the prior article.The spread between the 5-year and 2-year U.S. treasury yield has turned towards the downside.The technical picture of gold looks positive, all thanks to the bullish candle breaking above the 200-day moving average on the weekly chart.In my last article on October 26th, I was bullish on gold (GDX, ASA) as I expected it to have a rise in its valu...Read More
Gold's intermediate-term recovery process continues to gain traction.Flight-to-safety demand on the rise, thanks to global market jitters.Dollar index still needs to weaken some more, however.It has been a long time in coming, but things are finally looking up for gold. After a drawn-out bottoming process over the last four months, the gold price is climbing out the basement in stair-step fash...Read More
"NG Weekly: Narrow Balance Development, 4.231s-4.63s, As Two-Sided Trade Continues Around Developing High Volume Node, 4.517s. https://t.co/QwofrGKICY"Read full newsRead More
For the Eastern Washington town of Republic, dreams of revival rest on a new approach to gold mining.Read full newsRead More
"Gold Resource Corporation Expands Arista Mine Drilling 16.95 Meters of 6.21 g/t Gold and Discovers New Mineralized Southwest Veins https://t.co/V5Tls0O8QY"Read full newsRead More
Joe Fortes is giving away an epic four-course seafood dinner for two plus wine pairings in Daily Hive's 12 Days of Giveaways!Read full newsRead More