Here are five Fastmarkets stories you might have missed on Thursday April 1 that are worth another look.A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Zinc producer Trevali has begun trucking ore concentrate at...Read More

Confirmed, unconfirmed, verified, andinvalidated: breakouts and breakdowns are now ubiquitous. And the implicationsare bearish for gold.Let’s start today’s analysis with adiscussion of the key market that everyone is interested in – gold.Gold’sFailed Breakout – A Sell Sign In short, gold just invalidated its smallbreakout above the declining blue resistance line. The...Read More

The Gold Miner correction was well earned, but it was not a bubbleEven today there is some pablum out there talking about how if inflation is good for gold it is especially good for gold miners. I will simply repeat once again that if gold usually does not benefit fundamentally by cyclical inflation (i.e. inflation promoted for and currently working toward economic goals) the gold miners never do,...Read More

The US dollar is the world’s reserve currency. That isn’t likely to change anytime soon.All currencies are substitutes for real money, i.e. gold.  And because all governments inflate and destroy their own currencies, any potential alternatives to the US dollar are as bad or worse.That doesn’t stop the dollar bashing, of course. In a general long-term sense, the condemnation...Read More

The federal government isspending and redistributing newly created cash so rapidly, it’s becomingdifficult to keep track of which trillions are going where.This week, President JoeBiden will pitch a $3 trillion “green” infrastructure package. That’s on top ofthe $1.9 trillion economic “relief” bill he recently signed into law.Next month, Biden isexpected to roll...Read More

Positions in the USDX are shiftingfrom shorts to longs, so gold investors should look closely. Why? Because it’san inverse relationship.We’ve discussed the negative correlationbetween the dollar and the precious metals many times before, but it can neverbe discussed enough, particularly as the situation develops and the outlook forthe USD Index becomes more positive.Once the USD Index...Read More

Precious Metals have continued to slide sideways as the US stock markets have rallied into the FOMC meeting last week.  Not by coincidence, metals have continued to base/bottom near recent lows as concerns about the global debt/credit markets, central banks, and precious metal supplies continue to linger.  The US Fed indicated it will do whatever is necessary to support the recovering ec...Read More

RAPAPORT... The Jewelers Board of Trade (JBT) has reelected Ann Arnold to serve a second term as chairman of its board of directors. Arnold, the chief strategy officer for Buyers Intelligence Group (BIG), was first appointed to the board last year, the organization said last week. She has volunteered with the JBT for nearly 13 years.In addition to Arnold, several other officers and directors were...Read More

RAPAPORT... Jewelers of America (JA) will hold its 19th annual GEM Awards digitally this year as a free virtual event to ensure the safety of attendees.The live event will return on January 14, 2022, in New York, JA said last week. The awards honor individuals and brands whose work raises the visibility and status of fine jewelry and watches."We have been carefully evaluating Covid-19, and while i...Read More

RAPAPORT... Petra Diamonds has recovered a blue diamond weighing 39.34 carats at its Cullinan mine in South Africa, noting the stone's "exceptional quality in terms of both its color and clarity."The company will likely offer the type IIb diamond via a special tender, it said Thursday.The discovery follows Petra's sale of five blue diamonds to De Beers and Diacore for $40.4 million last year....Read More

RAPAPORT... Hong Kong-based retail sales of jewelry and other hard luxury soared in February, but the government remained cautious considering the continued impact of the pandemic."The retail trade will continue to face a difficult business environment in the near term as inbound tourism remains frozen," a government spokesperson said last week. "It is thus pivotal to put the epidemic under c...Read More

(IDEX Online) - Petra has recovered a huge Type IIb blue diamond from its Cullinan mine, in south Africa.The 39.34 carat gem (pictured) is significantly larger than any of the five that formed the Letlapa Tala Collection, from the same deposit, which fetched $40.36m last November.They ranged from 27.75-cts to 9.61-cts and were bought jointly by De Beers and the South African wholesaler and manufac...Read More

(IDEX Online) - Tiffany & Co fooled some of its Instagram followers when it revealed it was introducing a bright shade of yellow as its new house color, to replace the iconic robin-egg blue.The 1 April post, simply showing a yellow box (pictured) and the message "tiffanyandco Introducing our new House color. #TiffanyYellow #TiffanyAndCo", attracted over 420,000 likes.  It was, of course,...Read More

Stung by the collapse of Asia's top independent oil trading firm, some global banks have teamed up to seek the personal assets of the family behind Hin Leong Trading, which has left creditors on the hook for billions of dollars.Read full newsRead More

In this article we take a look at 10 best junior gold mining stocks to buy now. You can skip our detailed discussion of the gold mining industry and go...Read full newsRead More

Over the last six months, stock indices have consistently ticked higher, as the economy continues to show positive signs of recovery. This is positive for investors, but, of course, the higher Canadian stocks move, the less likely you are to find high-quality companies trading cheap.Fortunately, there are always high-quality investments to find. As the market rises, they just become harder to find...Read More

Investors just can’t seem to find time to relax these days. I mean, there’s a lot going on, to say the least. The pandemic has driven heightened volatility in the markets. There’s a growth to value rotation underway. And cryptocurrencies and speculative asset classes are outperforming equities by a wide margin.That said, for those looking to stick with good-old-fashioned stocks,...Read More

Growth stocks usually have higher return potential and are also more volatile. At the same time, dividend stocks offer decent returns that outperform broader markets in the long term. So, taking an extra risk just for a couple of percent higher returns could be self-defeating. Here are the three biggest TSX stocks that offer superior dividend income and decent growth prospects.Toronto-Dominion Ban...Read More

Stock markets continue to hit new highs, but savvy investors can still find undervalued stocks in the TSX Index.Why Barrick Gold might be a cheap stock right nowBarrick Gold (TSX:ABX)(NYSE:GOLD) trades near $25 per share at the time of writing compared to a 2020 high near $40.The price of gold fell from above US$2,000 last summer to the current price near US$1,700. The drop correlates quite closel...Read More

Apr 05, 2021 Guest(s): Robert Kiyosaki Robert Kiyosaki, the best-selling author of "Rich Dad Poor Dad" is projecting Bitcoin to climb to over $1 million in five years' time."I bought Bitcoin at $9,000 and I thought I was being fleeced but the reason I bought it at $9,000 was because COVID shut down the world economy," he said. "I wish I had bought it at 10 cents, but now I look like a genius be...Read More