Gold and Silver Triangle Patterns Signal a Possible Major Move Ahead

Macro Snapshot: This week (ending April 17, 2026) was defined by a volatile, whipsaw geopolitical narrative around the Strait of Hormuz. On Friday April 17, Iran announced that commercial vessels could transit the strait freely during the Lebanon ceasefire truce, sending oil prices down more than 10% and sparking a relief rally in equities. Gold and silver initially dipped on the news before recovering as Iran reversed course the same evening, reinstating strict control of the strait and tying any

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Gold and Silver Triangle Patterns Signal a Possible Major Move Ahead

Macro Snapshot: This week (ending April 17, 2026) was defined by a volatile, whipsaw geopolitical narrative around the Strait of Hormuz. On Friday April 17, Iran announced that commercial vessels could transit the strait freely during the Lebanon ceasefire truce, sending oil prices down more than 10% and sparking a relief rally in equities. Gold and silver initially dipped on the news before recovering as Iran reversed course the same evening, reinstating strict control of the strait and tying any

Read More »

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SRK is now a ‘Premier Trading House’

New Delhi: Indian company Shree Ramkrishna Exports Pvt.Ltd (SRK), which exported 348,000 carats of polished diamonds in the financial year 2014, has been recognized as a ‘Premier Trading House’ – the highest recognition given to an Export House by the Indian government. SRK, which exports to more than 40 countries worldwide, has been given the status based on the total

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De Beers Says Diamond Prices to Recover in Q2

Gaborone: De Beers said that diamond prices, which had been weak since the fourth quarter of last year, will recover from the second quarter of the year. Group chief executive Philippe Mellier was quoted by BusinessDay as saying that rough diamond prices leaped 7 percent last year. He, however, could not make any projections for 2015. “I definitely see some

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India Interested in Small Angolan Diamonds

Cape Town: A group of Indian business men are interested in Angola’s small diamonds, an official from the state diamond mining company Endiama has said. Angop news agency quoted Endiama chief executive Carlos Sumbula as saying that he met with the group during the just ended 2015 Mining Indaba in Cape Town. “The Indians are interested in small diamonds and

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Chinese Banks to Have Bigger Say in Gold Pricing

London: The London Bullion Market Association (LBMA) has announced that come March, a new electronic daily gold price will go live in China that will replace the traditional London gold fixing. The LBMA, for the first time, has three Chinese banks as ordinary members: Industrial and Commercial Bank of China Ltd, China Construction Bank Corp and Bank of China Ltd.

Read More »

SRK is now a ‘Premier Trading House’

New Delhi: Indian company Shree Ramkrishna Exports Pvt.Ltd (SRK), which exported 348,000 carats of polished diamonds in the financial year 2014, has been recognized as a ‘Premier Trading House’ – the highest recognition given to an Export House by the Indian government. SRK, which exports to more than 40 countries worldwide, has been given the status based on the total

Read More »

De Beers Says Diamond Prices to Recover in Q2

Gaborone: De Beers said that diamond prices, which had been weak since the fourth quarter of last year, will recover from the second quarter of the year. Group chief executive Philippe Mellier was quoted by BusinessDay as saying that rough diamond prices leaped 7 percent last year. He, however, could not make any projections for 2015. “I definitely see some

Read More »

India Interested in Small Angolan Diamonds

Cape Town: A group of Indian business men are interested in Angola’s small diamonds, an official from the state diamond mining company Endiama has said. Angop news agency quoted Endiama chief executive Carlos Sumbula as saying that he met with the group during the just ended 2015 Mining Indaba in Cape Town. “The Indians are interested in small diamonds and

Read More »

Chinese Banks to Have Bigger Say in Gold Pricing

London: The London Bullion Market Association (LBMA) has announced that come March, a new electronic daily gold price will go live in China that will replace the traditional London gold fixing. The LBMA, for the first time, has three Chinese banks as ordinary members: Industrial and Commercial Bank of China Ltd, China Construction Bank Corp and Bank of China Ltd.

Read More »

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