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The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
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Zimbabwe Q1 Diamond Output Plummets
Harare: Zimbabwe’s diamond output dropped 36 percent to 419 788 carats in the first quarter of the year from 660 000, a year earlier. The Herald newspaper reports that weak production was expected to continue in the “short term” as alluvial diamonds in Marange were “fast depleting”. Zimbabwe sold rough diamonds worth $75,92 million in the five months to May
Gahcho Kué Diamond Mine 62 Percent Complete
Toronto: Mountain Province Diamonds Inc. announced that development of the Gahcho Kué diamond mine is progressing according to plan and budget with the overall project approximately 62 percent complete at the end of May, 2015. Key areas of focus are continued dewatering to expose the kimberlites, the placement of concrete foundations and the erection of steel superstructures of the major
Myanmar's Gems Emporium Heavily Attended
Naypyidaw: Hundreds of merchants from China to Malaysia flocked to Naypyidaw, Myanmar on Friday to inspect an annual auction of jade and other precious stones, according to AFP. The 13-day emporium is expected to draw around 5,000 local and foreign visitors who will bid for the raw jade, gems, jewelry and sculptures up for sale. “We invited (merchants from) Hong
E.G.L. Platinum Emphasizes New Grading Standards
Ramat Gan: At a meeting inside the Ramat Gan bourse recently, members of the Israeli industry met to hear about plans for the E.G.L. Platinum chain of grading labs. E.G.L Platinum president Menahem Sevdermish FGA, highlighted the work that the lab is doing to ensure that the chain offers accurate and uniform grading standards across its branches worldwide. One of
Zimbabwe Q1 Diamond Output Plummets
Harare: Zimbabwe’s diamond output dropped 36 percent to 419 788 carats in the first quarter of the year from 660 000, a year earlier. The Herald newspaper reports that weak production was expected to continue in the “short term” as alluvial diamonds in Marange were “fast depleting”. Zimbabwe sold rough diamonds worth $75,92 million in the five months to May
Gahcho Kué Diamond Mine 62 Percent Complete
Toronto: Mountain Province Diamonds Inc. announced that development of the Gahcho Kué diamond mine is progressing according to plan and budget with the overall project approximately 62 percent complete at the end of May, 2015. Key areas of focus are continued dewatering to expose the kimberlites, the placement of concrete foundations and the erection of steel superstructures of the major
Myanmar's Gems Emporium Heavily Attended
Naypyidaw: Hundreds of merchants from China to Malaysia flocked to Naypyidaw, Myanmar on Friday to inspect an annual auction of jade and other precious stones, according to AFP. The 13-day emporium is expected to draw around 5,000 local and foreign visitors who will bid for the raw jade, gems, jewelry and sculptures up for sale. “We invited (merchants from) Hong
E.G.L. Platinum Emphasizes New Grading Standards
Ramat Gan: At a meeting inside the Ramat Gan bourse recently, members of the Israeli industry met to hear about plans for the E.G.L. Platinum chain of grading labs. E.G.L Platinum president Menahem Sevdermish FGA, highlighted the work that the lab is doing to ensure that the chain offers accurate and uniform grading standards across its branches worldwide. One of
