Silver is expected to be the best performing precious metal this year. Its average price is expected to be $28.50 in 2021, or...by Arkadiusz Sieron of Sunshine ProfitsGains are in the forecast for all the precious metals this year, and silver is believed to be the star of the show.The London Bullion Market Association (LBMA) has just published its annual precious metals forecast survey. In gener...Read More
"Sophisticated" investors have been led to believe that SLV is a de facto investment in silver. And now we know that SLV is an "investment" in...by Dave Kranzler of Investment Research DynamicsThose of us who read the original filings for both GLD and SLV were shocked that the Prospectus for each was certified by the SEC. The legal loopholes embedded in the legalese were wide enough to drive a fle...Read More
A record amount of silver taken delivery of at the next silver futures delivery date thereby exacerbates the current silver squeeze...Chris Vermeulen interviewed by Patrick V. via SBTVWe are joined on Metal Money by Chris Vermeulen, founder of Technical Traders Ltd. Chris expects a record amount of silver to be taken delivery of at the next silver futures delivery date thereby exacerbating the cur...Read More
Hang on tight!by Bix Weir of Road to RootaVolumes on SLV are starting to spike again just like they did on Jan 27th before the "Big Silver Squeeze" weekend! Today should have DOUBLE THE SHARE VOLUME based off the 65 day average...hang on tight as the COMEX Deliveries look to OVERWHELM the Silver Cabal AGAIN! Read More
Nickel premiums in the US and Europe were steady in the week to Tuesday February 17, with both markets broadly stagnant against a well-supported LME three-month nickel price, while Asia's absence from the market saw minimal spot activity.Tight briquette supply sees US market seek alternative products US cut cathode sentiment weakens amid 4x4 uptakeEuropean market laments high price amid stati...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 17.Please click...Read More
Aluminium's forward price on the London Metal Exchange rose to a new year-to-date high of $2,117 per tonne on Wednesday February 17, unfazed by the US Dollar Index reaching its highest since Monday, while movements across the rest of the base-metals complex were mixed.This was the first time that aluminium's three-month price had risen above $2,100 per tonne since October 5, 2018. It closed at $2,...Read More
RAPAPORT... Dubai has become something of a focal point for the diamond industry during the pandemic. While the United Arab Emirates (UAE) imposed a lockdown in the spring of 2020, the country has been more open than many since easing its restrictions in the summer. This, combined with being only a three-hour flight from India, has made it a popular location for rough sales while other center...Read More
RAPAPORT... Consumers require authenticity and transparency these days, especially when buying something as meaningful and precious as natural diamonds. However, the sector remains tarnished by a reputation for dubious ethical practices, despite the fact that it is regulated.The conflict between this dirty industry image and the beautiful, shiny stones it produces makes it hard to alter perce...Read More
(IDEX Online) - Alrosa, Russia's state-owned miner, has named a 100-carat light yellow diamond after the country's COVID-19 vaccine.It says the gem (pictured) is a 100.53-carat flattened octahedron recovered from alluvial deposits in Yakutia, in the far east of the country, and is a natural wonder - like the vaccine.Last September Sputnik V became the world's first approved co...Read More
(IDEX Online) - Angola's state-owned diamond company is partnering with the investment group Gemcorp to develop a pilot mining program in the remote north-east of the country.Endiama hopes the Mulepe diamond deposit, in Lunda Norte, will help Angola to become one of the world's top-three diamond producers.The site contains significant untapped kimberlite and alluvial deposits. Initial es...Read More
(IDEX Online) - The Gahcho Kue mine, in Canada, has yielded its largest diamond since operations began there more than four years ago.The 157.38 carat gem, described as being of "of exceptional quality", will be sold later this month at a tender of special-size stones in Antwerp.Canadian miner Mountain Province has named the gem Polaris after the North Star, because of its rare natural blue fluore...Read More
(IDEX Online) - US President Joe Biden has blacklisted three gemstone companies in Myanmar because of their links with military regime that ousted state counsellor Aung San Suu Kyi as leader earlier this month.The country produces 90 per cent of the world's high-end rubies, many of its most expensive sapphires, and it supplies China with much of its jade.Sanctions now prohibit Myanmar Ruby En...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 17.Please click...Read More
Aluminium's forward price on the London Metal Exchange rose to a new year-to-date high of $2,117 per tonne on Wednesday February 17, unfazed by the US Dollar Index reaching its highest since Monday, while movements across the rest of the base-metals complex were mixed.This was the first time that aluminium's three-month price had risen above $2,100 per tonne since October 5, 2018. It closed at $2,...Read More
High London Metal Exchange prices for zinc and lead have kept spot interest minimal for the sister metals in the week to Tuesday February 17. The demand outlook for zinc remains good in the Americas, signaling outright metal prices will hold on to gains. But the strong prices for zinc and lead discouraged trading activity this week. India lead premiums diverged in the primary and seconda...Read More
A summary of Rio Tinto's results for the full year 2020, to December 31, and its new emissions reduction goals. In brief Rio Tinto generated $15.9 billion net cash from operating activities in 2020, 6% higher than 2019.The improvement was primarily driven by higher iron ore prices and stability in its operating performance. Rio Tinto's underlying earnings before interest, taxes, depreciation...Read More
The London Metal Exchange has increased oversight of its tin contracts in response to chronically tight spreads despite deliveries into its global warehousing system. Market players paid up to $4,500 per tonne to roll positions between the LME's cash and three-month contracts on Monday February 15, a record amount, while cash prices roared over 10-year highs and futures prices rose by a lesser deg...Read More
The London Metal Exchange base metals prices had a mixed reaction to the dollar index's second daily increase in the morning of Wednesday February 17, with the metals that set new highs on Tuesday - copper and nickel - edging lower while the rest were higher. The dollar index increased to 90.73 at 9am on Wednesday from its reading of 90.55 on Tuesday at the close, with the rise being even more sta...Read More