Overnight, on Sunday and early Monday, Precious Metals and Oil started a fairly big collapse which quickly bottomed and recovered – at least in the Precious Metals markets.  Crude Oil is still moving lower in early trading on Monday, August 9, 2021.  Can we learn anything from the pre-COVID market trends and extrapolate any real-world analysis from this?Precious Metals “Mini...Read More

The precious metals futures markets launched shortly after Richard Nixon closed the gold window and removed the last vestige of gold backing from the Federal Reserve Note. Officials introduced paper gold and silver contracts specifically to increase price volatility and discourage physical ownership of metals.After nearly 50 years, it is safe to say their strategy was a success.It is often excruci...Read More

Again, today’s report will be way shorter than usual, andfocus only on select charts so as to drive position details of all the fivepublications. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook The tightly tracking each other indices – S&P 500 andNasdaq – are likely to part ways to a degree soon. As Treasury yields...Read More

The US economy added over 900,000 jobs in July, the most in 11 months and well above the market expectations. Part of the reason is the rapid pace of the COVID-19 vaccinations allowing the country to continue to re-open and promote businesses to hire more workers. This action has driven down the US Unemployment Rate to 5.40%, the lowest level since March 2020.In response to the bullish employment...Read More

Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More

Total nonfarm payroll employment rose by 235,000 in August, well below reported expectations of 720,000, dimming the likelihood of stimulus tapering.Gold has risen to almost US$1,830 an ounce on the spot market.There were mixed moves among base metals on the London Metal Exchange on Friday.Nickel rose 1.6%, taking it close to the $20,000 mark at $19,829.25 per tonne.In Australia, Alumina added 6.6...Read More

Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More

Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More

Inflation has risen, but bond yields have declined. Such a divergence is strange — beware gold bulls!Would you like to see something mysterious? If yes, please look at the chart below. It shows the yields on 10-year US Treasuries (red line) and CPI annual inflation rates (blue line) in recent years. As you can see, a huge divergence emerged this year: while inflation surged above 5%, nominal...Read More

Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More

Here are five Fastmarkets stories you might have missed on Friday September 3 that are worth another look.South American flat-rolled steel import prices decreased during the week ended Friday September 3, with material from countries other than China dominating the market and ahead of November-shipment negotiations.The global aluminium industry...Read More

RAPAPORT... Diamcor Mining garnered $1 million from three rough tenders held during July and August, as overall demand and pricing exceeded expectations.The company sold 4,330 carats of rough from its Krone-Endora at Venetia deposit in South Africa at an average price of $236 per carat, it said last week. That included several special-size diamonds - weighing over 10.8 carats - Diamcor noted.The m...Read More

(IDEX Online) - The newly-founded Diamonds de Canada will this week ship its first consignment of polished stones for grading in Las Vegas, before being sold.The venture, launched in Yellowknife, on the edge of the Arctic Circle, by Michael Indelicato, of US wholesaler RDI, and industry consultant Benjamin King, accesses rough directly from the three major diamond mines in Canada's Northwest...Read More

(IDEX Online) - Global production of rough diamonds will increase by 1.4 per cent to almost 113m carats this year, according to data and analytics company GlobalData.It follows an estimated 19.4 per cent decline to 111.4m carats in 2020, as the industry was hit by the COVID pandemic.Russia is likely to show only moderate growth but output elsewhere is forecast to rise in Botswana (+37 per cent), C...Read More

RAPAPORT... The World Jewellery Confederation (CIBJO) will hold its 2021 congress virtually, after canceling last year's session due to Covid-19.The event will take place from November 1 to 4 and from November 15 to 18, CIBJO said last week. The new platform will allow delegates to mingle and interact in a common area, between and during formal meetings, the organization noted.The annual congress...Read More

RAPAPORT... Rapaport Magazine recently carried an article by Farai Maguwu, founding director of the Centre for Natural Resource Governance (CNRG), in which he argued that the Kimberley Process (KP) was allowing Zimbabwe to export conflict diamonds. He cited allegations of torture and violence against local artisanal miners.Technically, Zimbabwe's goods are not conflict diamonds, noted Edward...Read More

(IDEX Online) - Twelve people have died and 4,400 have been taken ill after toxic waste from Angola's biggest diamond mine polluted drinking water, say officials in the neighboring Democratic Republic of Congo (DRC).Tailings from the Catoca mine - in which Alrosa (Russia) and Endiama (Angola) both hold 41 per cent stakes - leaked into tributaries of the River Congo, turning the water red and...Read More

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The country sits atop what could be one of the world's largest reserves of various metals and minerals, including not just gold but also platinum, silver, copper, iron, aluminum and uranium.Read full newsRead More

In case you are worried about the steep valuations surrounding equity markets, it makes sense to look at companies that can diversify your portfolio and build long-term wealth. Diversification is key to creating long-term savings that can beat inflation rates consistently. Keeping this in mind, let’s see why stocks like Barrick Gold (TSX:ABX)(NYSE:GOLD), Kinross Gold (TSX:K)(NYSE:KGC),...Read More