April marks a second month of truly extraordinary developmentsin markets – from negatively priced crude oil futures to a record spike inunemployment claims to a lockdown-defying rally in stocks. The financial media is touting the S&P 500’s surge of morethan 13% in April – the biggest one-month gain for the index since 1974. While stock market investors have made up a big chu...Read More

By: Gary SavageI have all the confirmations that I need to see that gold is moving into a daily cycle low. The buying opportunity for the trade of the year..https://blog.smartmoneytrackerpremium.com/Read More

By: Ira EpsteinGold's monthly chart is at the upper Bollinger band, or resistance. It continues to push the upper band higher, bullish. Gold remains in an uptrend in the weekly chart. Momentum is up..Read More

Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More

Notwithstanding the Fed's seemingly limitless ability to create money to throw at the stockmarket, which has caused it to rally in recent weeks in the face of a dead economy and apocalyptic jobs data and earnings etc., all the charts we are going to look at here point to another severe downleg soon.My attention was drawn to a bearish Rising Wedge completing in the London FTSE index by a colleagu...Read More

By Avi GilburtThe title to this update is likely the most repeated phrase you have heard over the last month from market participants and analysts alike. As more and more bad economic news is presented through the media, somehow, the market just keeps grinding higher.I think this picture taken from one of Jim Cramer's shows expresses the disconnect best:Doesn't the market understand what everyon...Read More

By: Gary SavageI have all the confirmations that I need to see that gold is moving into a daily cycle low. The buying opportunity for the trade of the year..https://blog.smartmoneytrackerpremium.com/Read More

By: Ira EpsteinGold's monthly chart is at the upper Bollinger band, or resistance. It continues to push the upper band higher, bullish. Gold remains in an uptrend in the weekly chart. Momentum is up..Read More

Still BullishNew ModelsJet Fuel MarketMarket sentiment reflects human sentiment, which lately has been quite negative understandably so, given the great uncertainty surrounding the coronavirus pandemic. A month ago, we didn't know where all this was going but it was potentially serious.I can almost begin to sense sentiment changing. New drug therapies are being announced and dozens of vaccines a...Read More

By Steve St. AngeloThe U.S. public debt increased at the fastest rate ever during April. Due to the negative economic impacts stemming from the global contagion, the U.S. Treasury increased the federal debt by a whopping $1.3 trillion in a single month. The additional $1.3 trillion of U.S. public debt during April would purchase approximately one-third of all the physical gold investment bull...Read More

Here are five Fastmarkets stories you might have missed on Friday May 1 that are worth another look.Evraz's steel product output at its CIS-based assets surged by 9.3% year on year to 3.12 million tonnes in January-March 2020.The sharp decline in emerging market currencies combined with a collapse in oil prices are providing a twin saving grace for many metals and mining companies during the Covid...Read More

RAPAPORT... Petra Diamonds plans to delay the next interest payment on its $650 million bond to preserve liquidity for business operations.The miner has spoken to its lenders about drawing on its revolving credit facility, it said Friday. However, while those lenders have approved the use of up to ZAR 400 million ($21.3 million), Petra is restricted from using those funds to cover the debt's inter...Read More

RAPAPORT... A subsidiary of Rio Tinto has voiced concern over the continuity of the Diavik mine after its joint venture partner in the project was granted protection from creditors. The insolvency order obtained in late April by Dominion Diamond Mines threatens the future of the Diavik deposit as it absolves the 40% shareholder from paying for its upkeep, according to a court filing by Diavik...Read More

RAPAPORT... De Beers CEO Bruce Cleaver has called on the trade to allow rough purchases, assuring manufacturers the company won't require them to buy in the weak market."We will only sell [rough] when the demand is such that it can create sustainable value for all of us," the executive wrote in a blog post Friday. "However, just as we are not compelling our clients to purchase, we strongly be...Read More

RAPAPORT... Lucapa Diamond Company will resume partial operations at its Lulo mine in Angola after the government relaxed the lockdown rules for essential sectors.From this week, the company will limit work to two shifts per day, for six days of the week, while following government health-and-safety measures, it said Friday. Operations will exceed 50% of capacity, making it easier for the company...Read More

(IDEX Online) - India's first consignments of polished diamonds since lockdown have been despatched, valued at over $66m. Two batches - of 12 and 17 parcels - were sent on private chartered flights from Surat to Mumbai because there are no passenger or cargo flights. From there they were exported to Hong Kong to fulfil online orders, according to Times of India reports. The country's vas...Read More

(IDEX  Online) - Jewelry buyers can now get their purchase insured immediately in-store -  and receive instant confirmation by SMS. "Jewelers no longer have to watch their customers leave their store unprotected," say insurers Zillion who have partnered with insurtech firm The Edge. Their new system sends an insurance offer via SMS text directly to the customer while they're still...Read More

JAKARTA (Reuters) - Police in Indonesia's North Maluku province have arrested 8 people linked to a workers' demonstration that turned violent at a nickel project run by France's Eramet and China's Tsingshan Holding Group, a police spokesman said onRead full newsRead More

April marks a second month of truly extraordinary developments in markets - from negatively priced crude oil futures to a record spike in unemploymentRead full newsRead More

"Look at this beautiful Chart... its for #VanstarMining... and its not too late.They have been considered one of 'Canadas most undervalued #gold #mininers' ... https://t.co/jBt43Og8qE #Vanstar $VSR #GoldStock #TSXV #IAmGold #smallcaps #Gold #Goldmine #MomentumStocks"Read full newsRead More