Technical rather than fundamental sell-off The LME 3M tin price registered a 4.5% loss last week after a sell-off of 4% on Friday – the largest percentage drop since August 15. That made tin the second-worst performer on the LME after nickel (-4.6%). The sharp decline in LME open interest last week suggests that the tin’s sell-off was primarily driven by long liquidation rather than shor...Read More
Supply/demand dynamics weigh on Chinese HDG...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest iss...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. United Technologies slipped $1.98 to $126.00 after announcing plans to spinoff of its Otis and Carrier divisions.Bank of Nova Scotia (BNS $70.09 Cdn) is expected to open lower after reporting slightly lower than consensus fiscal fourth quarter earnings.Apple dropped $3.79 to $170.83 aft...Read More
RAPAPORT... Christie's brought in $60.4 million at its MagnificentJewels auction in Hong Kong Tuesday as a sapphire necklace went for $15million. The Peacock Necklace, which had a presale estimate of $12million to $15 million, became the most expensive Kashmir sapphire necklace percarat in auction history, Christie's said. The piece contains 21 cushion-cutKashmir sapphires weighing a total of...Read More
RAPAPORT... India's Renaissance Jewellery (RJL) has acquired Jay Gems, aUS-based supplier of Disney-themed jewelry, for $26 million. The move expands the Mumbai-based company'spresence in the US, Jay Gems said Monday. RJL will gain access to Jay's three subsidiaries:Jewelmark, a manufacturer that focuses on bridal and fine jewelry for specialtystores; Simply Diamonds, which caters to independ...Read More
RAPAPORT... Kering, the owner of Gucci, Boucheron and Pomellato, plans to end its seven-year partnership with luxuryplatform Yoox Net-A-Porter (YNAP), and bring its e-commerce activitiesin-house. The Paris-based retailer, which has worked with YNAP since2013, will move all its sales to a new website in the first half of 2020, itsaid Monday. It's in the process of building that platform, it ad...Read More
RAPAPORT... E-commerce sales jumped 20% year on year to$7.9 billion on Cyber Monday, making it the largest US online shopping day of all time, accordingto projections from Adobe Analytics. The prior Saturday and Sunday also set a record for thebiggest online shopping weekend in the US, raking in a combined $6.4 billion,the research group said Monday. Thanksgiving Day online sales grew 28% to...Read More
RAPAPORT... Among the standout trends that have taken shape in the diamond trade this year is the poor performance of small and cheaper stones. But the drop in the so-called melee market has not been sudden. Supply levels in the midstream were high during the 2008 financial crisis and have remained so since. Inventory climbed significantly in 2017 as three new mines came on stream, leaving the mar...Read More
(IDEX Online) - The holiday sales season in the United States got off to a record-breaking start, according to figures for Black Friday and Cyber Monday sales. A record $6.22 billion was spent on Black Friday, reported Adobe Analytics, which tracks sales at 80 of the top US 100 retailers. That is 24% higher than the $5.03 billion spent during Black Friday in 2017. Adobe expe...Read More
(IDEX Online) - ALROSA held an auction of polished diamonds in Israel from November 4-13, with companies from Israel, the US, Belgium, Hong Kong, India and Russia were among the participants. The company presented colorless polished diamonds ranging in size from 5 carats, fancy colored stones over 1 carat, as well as polished diamonds of 0.3-0.99-ct category in batches completed by color....Read More
LONDON – Zimbabwe does not plan to change its ownership rules for diamonds and platinum, its mining minister said on Monday, denting hopes among some miners the country will open up ownership as it announces mineral frameworks in coming weeks.Zimbabwe in March changed its empowerment law limiting the rules that mandate majority state ownership to diamond and platinum mines, rather than to th...Read More
RAPAPORT... Kering, the owner of Gucci, Boucheron and Pomellato, plans to end its seven-year partnership with luxuryplatform Yoox Net-A-Porter (YNAP), and bring its e-commerce activitiesin-house. The Paris-based retailer, which has worked with YNAP since2013, will move all its sales to a new website in the first half of 2020, itsaid Monday. It's in the process of building that platform, it ad...Read More
"CEO INTERVIEW - Triumph Gold ChairmanJohn Anderson: District-scale Freegold Mountain Project Seeing Favorable Results https://t.co/NUj2aU1DKC @TriumphGoldCorp #exploration #gold #yukon #investing"Read full newsRead More
"Abattis Bioceuticals (@Abattis) (#CSE: $ATT // #OTC: $ATTBF) Celebrates Release of Comfort Through Vergence Naturals [https://t.co/U8AOZcLvMQ]#POTstocks #investing #stocks #stockmarket #trading #investors #news #business #investments #cannabis #cannabisdaily #MarijuanaStocks"Read full newsRead More
An old gold mine could be reopened as a new study suggests there's gold in them thar hills!Read full newsRead More
Fears over slowing Chinese growth and impact of trade war with the US removes floor under iron ore price.Read full newsRead More
Lyle Stein, senior portfolio manager and managing director at Vestcap Investment Management, recommends that investors look at the mining and energy sectors for buying opportunities. He says small players in those groups may not survive the downturn that's underway, but larger names like Suncor and Teck Resources will be fine and are currently on sale.Read full newsRead More
Lyle Stein, senior portfolio manager and managing director at Vestcap Investment Management, recommends that investors look at the mining and energy sectors for buying opportunities. He says small players in those groups may not survive the downturn that's underway, but larger names like Suncor and Teck Resources will be fine and are currently on sale.Read full newsRead More