Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

(IDEX Online) - Surat's long-awaited bourse - a vast $355m building with 4,400 offices  - is  finally due to open in September. The Surat Diamond Bourse (SDB) says it will become the world's biggest diamond trading hub, with an estimated annual turnover in excess of $25bn. It was supposed to open in January 2020, according to its own website.Surat has long been the capital...Read More

RAPAPORT... The Diamond Council of America (DCA) has elected Chuck Kuba to a two-year term as chairman of its board of directors.Kuba, the owner of Iowa Diamond in Des Moines, Iowa, is also on the board of directors of Jewelers of America (JA), and was previously the president of the Iowa Jewelers Association, the DCA said last week.David Bonaparte, CEO of JA, and Bill Luth, executive vice preside...Read More

(IDEX Online) - Debswana, which controls most of Botswana's diamond production, saw rough exports down 30 per cent in 2020 as a result of the global pandemic.Foreign sales were down from $3.05bn in 2019 to $2.02bn in 2020, according to the Bank of Botswana.The country is the world's second largest producer of diamonds after Russia, and relies on them for 30 per cent of its revenue nation...Read More

RAPAPORT... US consumer spending on gifts is expected to decrease 20% this Valentine's Day, with the number of people planning to purchase jewelry also slipping, according to the National Retail Federation (NRF).Consumers intend to lay out $21.8 billion on their loved ones over the holiday, the NRF noted last week following a survey. That's a sharp drop from the record $27.4 billion it predicted a...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.Wood Mackenzie senior...Read More

(IDEX Online) - A million rough diamonds seized in raids by the Indian tax authorities on the scanning firm Diyora & Bhanderi are to be returned to their owners. The company is being investigated over claims of tax evasion and the illegal sale of diamond scanning machines. Its premises in Surat were raided 10 days ago. Gems belonging to over 800 diamond firms, which had been sent to...Read More

RAPAPORT... US polished-diamond imports fell 1% year on year to $1.37 billion in November, data from the US Commerce Department showed. The decline was the 20th consecutive monthly drop, according to Rapaport records. The November slowdown reflected a sharp slide in the average price per carat (see graph below), which outweighed higher volumes.US Trade Data for November 2020  Read More

That is a bullish omen for gold, as its subsequent upleg can accelerate after differential gold-ETF-share selling pressure ends.Read full newsRead More

High gold prices are boosting Ethiopia's mining revenue and attracting more investor interest in a sector that is largely dominated by artisanal and smaller players. Coronavirus-linked border closures...Read full newsRead More

Last week, the investing world was enamoured with the GameStop stock craze. The spike in GameStop stock was fueled by frenzied retail investors on the subreddit r/WallStreetBets. Reddit users also targeted stocks like AMC Entertainment, Nokia, and BlackBerry. Today, Reddit has taken aim at silver. Should Fool investors be eager to jump on another retail investor powered rally?The S&P/TSX Compo...Read More

It’s time for dividend-growth investors to consider rebalancing their portfolios for 2021. The S&P/TSX Canadian Dividend Aristocrats Index is making constituent changes, which became effective on February 1. Nine freshly minted Dividend Aristocrats have made their way into the index for 2021. The index dropped three unfortunate names this year.Generally, Dividend Aristocrats are companie...Read More

The year 2020 was a great one for gold. The annual change in price for the year was 24.4%, and even though it was a continuation of the price spike that started in 2019, it accelerated in 2020 because of the market crash. Investors flocked to the safe haven material, the price rose, and many gold companies saw their stock price rise quite substantially in the year.Gold and most gold-related busine...Read More

Warren Buffett is the greatest investor and teacher of our time. While it’s typically a terrible idea to follow the man into or out of stocks, given the herd will pile into his latest stock picks upon their announcement, I do think it makes sense to look at Buffett’s moves through a wider lens. By doing so, Buffett’s moves may leave top-down clues as to where the best opport...Read More

Here are five Fastmarkets stories you might have missed on Monday February 1 that are worth another look.Chinese nickel sulfate prices have made steady gains since the start of 2021, rising again last week to set the highest level since Fastmarkets began tracking the market in July 2018.More than 67,000 lots of the Singapore Exchange's 65% Fe iron ore swaps...Read More

The price of tin on the London Metal Exchange closed above $23,000 per tonne on Monday February 1, while aluminium's forward price was under the most pressure from the rising US Dollar Index, dropping by more than 1% from last week's closing prices.Tin's three-month price rose by 1.4% to $23,103 per tonne from Friday's 5pm closing price of $22,779 per tonne, ending the day above the $23,000 per to...Read More

Fastmarkets proposes to amend the frequency of the publication of its copper cathode premium cif Rotterdam. Rotterdam continues to be a major location for copper cathode imports into Europe, but premiums for that business rarely change between a typical range, historically between $35 per tonne and $55 per tonne over London Metal Exchange prices. As such, Fastmarkets is proposing to amend the freq...Read More

Bob Moriarty ArchivesFeb 1, 2021A new company to me called last week and were eager to be advertisers on 321gold.com. I was basically familiar with the company but not nearly so much as many other companies I follow. On Friday I figured out why they wanted more exposure. They released a silver intercept of $71,000 rock. That’s USD $71,000. That’s about 9% silver and by far the highest-...Read More

Jack ChanPosted Feb 1, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. Our ratio is on sell signal.Gold is once again testing support at the 200ema.A divergence is in progress.Silver is leading g...Read More

The latest data for the global manganese ore market for the week ended February 1, 2021.Read More

GameStop-inspired day traders were aiming to trigger a short squeeze on the precious metal, pushing silver to an eight-year high.Silver equities shot up in Toronto, including tiddler Milner Consolidated Silver Mines (TSXV: MCA.H) which soared 146.7% despite no news in some time.Established producers Silvercorp Metals (TSX: SVM) and First Majestic Silver (TSX: FR) closed up 25.7% and 23.5% respecti...Read More