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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.
Top News
India’s Polished Exports Down By 11% in April
Mumbai: India’s cut and polished exports for Apl.’15 registered a decrease of 11.03 percent recording $ 1635.71 million as against $ 1838.54 million during Apl.’14, according to the provisional figures announced by the Gem & Jewellery Export Promotion Council (GJEPC) of India. In volume terms, the decline of polished exports was 5.73 percent, recording 2.524 million carats in Apl.’15 as
ICA Congress 2015 Concludes in Sri Lanka
Colombo: The 2015 Congress of the International Colored Gemstone Association concluded yesterday in Sri Lanka with a panel discussion that covered all the key themes discussed in different sessions over the previous two days. In his concluding address, ICA President Benjamin Hackman praised the organizers for creating an exceptional event. The panel discussion agreed that there was a need to
India Not to Tax Gold Monetization Deposits
New Delhi: Seeking to mobilize idle gold worth up to Rs 60 lakh crore held by households and institutions, government on Tuesday proposed a new scheme offering tax-free interest on depositing the yellow metal with banks. The draft gold monetization scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 grams of
Global Platinum Market in Deficit during Q1 2015
London: The World Platinum Investment Council (WPIC) has announced the publication of its third Platinum Quarterly – the first independent, freely-available, quarterly analysis of the global platinum market. The report incorporates analysis of platinum supply and demand during the first quarter of 2015. Platinum Quarterly is a WPIC publication. It is based upon research and detailed analysis commissioned with, and conducted by, SFA
India’s Polished Exports Down By 11% in April
Mumbai: India’s cut and polished exports for Apl.’15 registered a decrease of 11.03 percent recording $ 1635.71 million as against $ 1838.54 million during Apl.’14, according to the provisional figures announced by the Gem & Jewellery Export Promotion Council (GJEPC) of India. In volume terms, the decline of polished exports was 5.73 percent, recording 2.524 million carats in Apl.’15 as
ICA Congress 2015 Concludes in Sri Lanka
Colombo: The 2015 Congress of the International Colored Gemstone Association concluded yesterday in Sri Lanka with a panel discussion that covered all the key themes discussed in different sessions over the previous two days. In his concluding address, ICA President Benjamin Hackman praised the organizers for creating an exceptional event. The panel discussion agreed that there was a need to
India Not to Tax Gold Monetization Deposits
New Delhi: Seeking to mobilize idle gold worth up to Rs 60 lakh crore held by households and institutions, government on Tuesday proposed a new scheme offering tax-free interest on depositing the yellow metal with banks. The draft gold monetization scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 grams of
Global Platinum Market in Deficit during Q1 2015
London: The World Platinum Investment Council (WPIC) has announced the publication of its third Platinum Quarterly – the first independent, freely-available, quarterly analysis of the global platinum market. The report incorporates analysis of platinum supply and demand during the first quarter of 2015. Platinum Quarterly is a WPIC publication. It is based upon research and detailed analysis commissioned with, and conducted by, SFA
