Powell is apparently between a rock and a hard place. Inflation surged, while the global economy slowed down. What will he do? And how will gold react? Inflation Jumps in October The consumer price index climbed 0.3 percent last month, after rising 0.1 percent in September, according to the U.S. Bureau of Labor Statistics. It was the biggest rise since January, and it was mainly caused by an i...Read More

By Frank HolmesHere in San Antonio, the temperature hit a bone-chilling low of 27 degrees last Wednesday, breaking a 102-year-old record for mid-November. An out-of-state visitor, Cornerstone Macro's Head of Portfolio Insights Stephen Gregory, speculated that the Central Texas temperature, ordinarily mild this time of year, was down more than three standard deviations. I didn't make the calculat...Read More

Asset management firm Fasanara Capital compared stock valuations to bitcoin in that "it is totally disconnected from fundamentals," its chief executive told CNBCImpending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flowsStill, a major selloff hasn't arrived, and many market-watchers continue to...Read More

Gold and silver are steady. There is good demand for physical gold in China and ASEAN nations. Prices of gold and silver are low in Asia due to a stronger currency against the US dollar. People are taking advantage of stronger currency to buy gold. There will be sudden one way moves in bullion anytime till Friday. Asian markets and Asian traders do not sleep on US holidays. Silver demand is supe...Read More

Peter KrauthMy recent position on silver was that it had become massively oversold.That was a week ago, when the price of silver dropped from $14.65 to $13.97.We've since learned that money managers almost doubled their net short silver futures position in the previous week. That strongly suggests that speculative shorting of silver from its latest high near $14.80 helped push the metal below $14....Read More

RAPAPORT... Gemfields has sold a 5,655-carat emerald to Indian gemstonespecialist Dia-Color for an undisclosed amount, the miner said Tuesday. Gemfields extracted the Inkalamu, or Lion Emerald, at itsKagem mine in Zambia last month. It was one of 26 lots it offered at its auction inSingapore last week, which fetched a combined $28.4 million from the sale of 420,000carats of rough Kagem emeral...Read More

RAPAPORT... Shipments of Swiss watches bounced back in October after adrop the previous month, benefiting from stronger exports of high-end timepieces. Total exports rose 7% year on year to CHF 1.99 billion ($2billion) for the month, the Federation of the Swiss Watch Industry reportedTuesday. Orders for watches priced above CHF 3,000 ($3,024) climbed 12% byvalue, while exports of those worth...Read More

RAPAPORT... Hong Kong-based Tse Sui Luen (TSL) raised concerns about theimpact of the US-China tariff war on its business, even after sales improved inthe second fiscal half. "The recent outbreak and escalation of [a] trade disputebetween China and the US has cast some doubts on the economic outlook for boththe global and local economies going forward," the company said Tuesday. "Oneconsequen...Read More

RAPAPORT... A fancy-vivid-blue diamond with an estimate of $20 millionto $30 million will head up Sotheby's Magnificent Jewels auction in NewYork next month. The pear-shaped, 10.62-carat, VVS1-clarity stone from aprivate European collection will go under the hammer at the December 4 sale,Sotheby's said Monday. Other notable pieces include a Harry Winston diamond ringwith a cushion-cut center...Read More

RAPAPORT... De Beers recorded its lowest-value sales cycle this year asweak Indian demand prompted it to drop prices of cheaper goods. Proceeds fell to $440 million in November as the miner reducedprices by high-single-digit percentages for rough diamonds costing $100 per carator less, sightholders said last week. The Indian manufacturing sector has struggledwith thinning profit margins due to rel...Read More

(IDEX Online) - Gemfields has announced auction revenues of $28.4 million from a November 14-17 sale of higher quality rough emeralds held in Singapore.   The company recorded an average price of $68.03 per carat, with 40 companies placing bids and 74% of the goods offered being sold, a significant improvement on the results of the last such auction held last May.   The 30 auctions of g...Read More

Diamond miner De Beers sold $440-million worth of rough diamonds during the ninth sales cycle of this year.This is lower than the $475-million worth of diamonds sold in the eighth cycle of the year, as well as the $503-million worth of diamonds sold in the seventh cycle.AdvertisementDe Beers sold $466-million worth of rough diamonds in the ninth cycle of 2017.The sales are based on global sightho...Read More

(IDEX Online) - The Israel Diamond Institute (IDI) said it is optimistic as it prepares for the November 29-December 2 Hong Kong International Jewelry Manufacturers' Show at the Hong Kong Convention & Exhibition Centre.   IDI said that positive expectations are based on rising demand in Hong Kong and other Asian markets, and an anticipated increase in activity before the Chinese New Year...Read More

(IDEX Online) - VOD Dubai International Jewellery Show (VOD DIJS), organized by DV Global Link, a joint-venture company between Dubai World Trade Centre (DWTC) and the Italian Exhibition Group (IEG), hosted local, regional and international exhibitors from 21 countries, showcasing over 25,000 jewelry pieces and holding valuable trade and consumer lifestyle events.   VOD DIJS said next year's...Read More

(IDEX Online) - De Beers sold rough diamonds with a provisional value of $440 million in the ninth sales cycle (Global Sightholder Sales and Auction Sales) of 2018.   The sales figure is the lowest sales figure reported by the miner so far this year and the second consecutive sale below the $500 million mark.   The miner reported confirmed sales of $482 million in the eighth cycle, compa...Read More

Analysis from RFC Ambrian shows that there have been 325 copper M&A deals worth more than US$10 million in the past decade, with a combined value of $88.8 billion.Operating mines accounted for 92 deals worth $45.3 billion, construction projects with 31 deals worth $31.6 billion, feasibility projects accounted for 89 projects totalling $23.6 billion, and exploration projects made up 104 deals w...Read More

PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe London-listed, Australia-focused company received laboratory assays for the first hole from the current drilling program, which kicked off in September.The hole returned total mineralisation of 275m at 4.77 grams per tonne gold and 0.61% copper, or 5.75gpt gold equivalent across two wide zones.The upper zone returned 118m at 3....Read More

PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe global market analyst was optimistic about near-term Chile production forecasts for 2019 on the back of stronger performance from major mines, upgrades to existing mines, and a lower perceived risk of labour strikes.According to Fitch, Chile was expected to produce 2% more copper in 2018 than in 2017, at 5.4 million tonnes. To...Read More

Still...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subs...Read More

Aluminium price remains under pressure as...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More