COMEX, we have a problem?Because according to this July 16th SEC F-10 filing... (Silver Doctors Editors) Note: They're not buying all of this physical silver at one single time, but rather, they're buying up to a certain amount, and over the course of 25 months, according this latest filing.For now.Found at the SEC:The form is quite lengthy with all of its legalese glory.Here's another excerpt (li...Read More

London Metal Exchange three-month base metals prices universally closed up on the previous day on Tuesday July 21, bolstered by the announcement on the European Union's ?,?750 billion ($857 million) fiscal package to fight the fallout of the global Covid-19 pandemic. The approval of the EU's recovery fund is expected to shore up a large amount of liquidity, which market participants anticipate wil...Read More

Several workers tested positive for Covid-19...by Steve St Angelo of SRSrocco ReportPan American Silver announced today the suspension of two of its silver mines in Peru due to several workers testing positive for the COVID-19 virus. The two silver mines in Peru accounted for 6.3 million ounces of silver output for Pan American Silver in 2019.It's not clear if Pan American Silver began full oper...Read More

Seaborne iron ore prices increased on Tuesday July 21 after further concerns emerged over supplies from Brazil, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $111.43 per tonne, up $1.89 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $113 per tonne, up $1.56 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $100.36 per tonne, up $2.50 per...Read More

Fastmarkets' seaborne premium hard coking coal cfr China index continued to edge up slightly on Tuesday July 21 after the latest transaction saw it rebound further from last week's perceived 'bottom'.Fastmarkets indicesPremium hard coking coal, fob DBCT: $108.26 per tonne, down $0.09 per tonne Premium hard coking coal, cfr Jingtang: $119.47 per tonne, up $0.91 per tonneHard coking coal,...Read More

"a run to the $21.23 high looks likely"by Captain Ewave of CaptainEwaveCaptain EwaveSilver: Base Breakout & C Wave RallyEmail: [email protected]Website: www.captainewave.comJuly 20, 2020Silver:Update & Tactics:Silver was higher this past week, reaching 19.87, and closed at 19.76.We continue to rally in wave (i) of 3, and within wave (i), we are now thrusting higher in wave -v- of (i).A run to the...Read More

Wasn't silver supposed to be going to like, fourteen...?!?(by Half Dollar) Wow!Silver's on the move!Taking out $21 on Tuesday morning:Here's a look at some different time frames:For those doing the math, before 8:30 a.m. on Tuesday the 21st of July, silver is up almost 11.5% since last Tuesday!At a quarter to nine in the morning, the paper gold-to-silver ratio is in the mid-80s:Gold is moving up,...Read More

RAPAPORT... Swiss watch exports dropped heavily in June as continued slowdowns in Hong Kong and the US outweighed a recovery in China.Total shipments fell 35% year on year to CHF 1.13 billion ($1.21 billion), the fourth consecutive monthly decline, the Federation of the Swiss Watch Industry reported Tuesday. "Watch exports continued to fall sharply in June, albeit with some possible hints of...Read More

The European spot ferro-silicon market, which has been falling since March, appears to have found a floor due to near-term supply worries with production cuts and reduced export offers into Europe supporting offer prices, trade sources told Fastmarkets.The market, currently at a price last achieved in March 2016, plunged after consumers in the steel sector brought the cost of the feedstock down ag...Read More

RAPAPORT... Petra Diamonds has sold three exploration projects to Botswana Diamonds for $300,000, the mining companies announced Monday.The transaction includes Petra's KX36 project, a kimberlite in Botswana the miner discovered in 2010, as well as two other prospecting licenses in the country, and a bulk-sampling plant. Botswana Diamonds will acquire the assets by buying holding company Seka...Read More

RAPAPORT... Swatch Group, the owner of Harry Winston and Omega, recorded the first half-year loss in its history as the coronavirus devastated sales from February onward.Sales dived 46% to CHF 2.2 billion ($2.34 billion) in the six months ending June 30 as the pandemic forced the closure of up to 80% of stores. This led to a loss of CHF 308 million ($328 million), compared with a profit of CH...Read More

London Metal Exchange three-month base metals prices universally closed up on the previous day on Tuesday July 21, bolstered by the announcement on the European Union's ?,?750 billion ($857 million) fiscal package to fight the fallout of the global Covid-19 pandemic. The approval of the EU's recovery fund is expected to shore up a large amount of liquidity, which market participants anticipate wil...Read More

(IDEX Online) -  Fugitive Indian jeweler Mehul Choksi is facing new charges, that he sold lab-grown diamonds, claiming they were mined.He is already a key suspect, along with his nephew Nirav Modi, in an alleged $1.85bn fraud against the Punjab National Bank (PNB).New charges brought by India's Enforcement Directorate (ED) detail claims that he cheated top executives in India, Dubai, Hon...Read More

(IDEX Online) - An Australian goldsmith has crafted the world's most expensive chess set, costing $4m.The pieces are made of 18k white gold, adorned with a total of 513 carats of fine white diamonds, South Sea pearls and AAA Ceylon Blue sapphires.  Colin Burn's Pearl Royale chess pieces replicate those from the standard 1849 Staunton set found in millions of homes, made origina...Read More

(IDEX Online) - A new State of the Industry report in Australia reveals that nine out of 10 stores that were selling fashion jewelry in 2010 have since closed.Six of the seven chains that were then trading have either collapsed or moved entirely online, according to Jeweller magazine, which researched the report.There were 378 fashion jewelry stores across the country in 2010, it says.  Ninet...Read More

The United States' Midwest aluminium premium surged on Tuesday July 21, with wide contango spreads on the London Metal Exchange and a more bullish sentiment causing traders to raise offer prices.Fastmarkets assessed the aluminium P1020A premium, ddp Midwest US at 10.5-11.5 cents per lb on July 21, up 15.8% from 9-10 cents per lb on Friday July 17 and up 22.2% from 8.5-9.5 cents per lb the week bef...Read More

A summary of Brazilian miner Vale's base metals production results for the second quarter of 2020, as stated in its production report published on Monday July 20.In brief Actions to control the spread of the Covid-19 pandemic prevented the production of 5,000 tonnes of nickel and 17,000 tonnes of copper, Vale said. These volumes would have increased the outputs shown below. Canadian nickel unit Vo...Read More

Maersk Line, the world's biggest shipping line by cargo capacity, will stop handling scrap cargoes destined for mainland China and Hong Kong due to policy uncertainties, it said on Friday July 17.The notice issued to Maersk's clients on July 17 and seen by Fastmarkets said that any scrap cargoes, including non-ferrous and ferrous metal scrap as well as textile and waste paper, scheduled to depart...Read More

London Metal Exchange three-month base metals prices were collectively higher during morning trading on Tuesday July 21, supported by the unveiling of a ?,?750 billion ($857 billion) European Union stimulus package to counter the continued economic fallout of the coronavirus pandemic. Topping complex gains over the morning, nickel's three-month price on the LME was recently trading at $13,340 per...Read More

Markets were for the most part stronger this morning, Tuesday July 21, encouraged by the ?,?750 billion ($858 billion) recovery fund that European Union leaders agreed on in the early hours of this morning. Markets were also being boosted by hopes that progress is being made on Covid-19 vaccines and ongoing concerns about supply disruptions, while participants seem content to look past the current...Read More