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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
Grading Standards on Focus at CIBJO Congress
Milan: Representatives of leading gem laboratories will join diamond, gemstone and jewellery industry leaders in Salvador, Brazil, on May 6, for a special conference on the first day of the 2015 CIBJO Congress, which will focus specifically on the standards and practices used by grading laboratories in the industry, and the quality of the grading reports they produce. More specifically
Antwerp Diamond Industry Prepared for More Taxes
Antwerp: The AWDC has taken note of the government decision to introduce a tax system calculated on a lump-sum basis. “Diamantaires are willing to pay higher taxes in exchange for financial predictability and legal certainty”, said Ari Epstein, CEO of the Antwerp World Diamond Centre. Under the new tax system, diamantaires would be taxed according to a fixed percentage of
RBI Vows to Trim Banks' Exposure to Corporates
Mumbai: The Reserve Bank of India (RBI) has proposed to lower the ceiling on how much a bank can lend to a single corporate group, in a move to curb risks in the banking sector at a time when bad loans are on the rise, reports firstspot.com. Under the proposal, banks would only be allowed to lend up to 25
Belgium Returns Seized Diamonds to Zimbabwe
Antwerp: The final installment of 500,000 carats of seized diamonds with an estimated value of a little under $29 million has finally been returned to Zimbabwe, bringing a complicated dispute to a close. Denying an attempt by a South African mining company to attach diamonds to an unrelated case against the State of Zimbabwe, a Belgian Court of First Instance
Grading Standards on Focus at CIBJO Congress
Milan: Representatives of leading gem laboratories will join diamond, gemstone and jewellery industry leaders in Salvador, Brazil, on May 6, for a special conference on the first day of the 2015 CIBJO Congress, which will focus specifically on the standards and practices used by grading laboratories in the industry, and the quality of the grading reports they produce. More specifically
Antwerp Diamond Industry Prepared for More Taxes
Antwerp: The AWDC has taken note of the government decision to introduce a tax system calculated on a lump-sum basis. “Diamantaires are willing to pay higher taxes in exchange for financial predictability and legal certainty”, said Ari Epstein, CEO of the Antwerp World Diamond Centre. Under the new tax system, diamantaires would be taxed according to a fixed percentage of
RBI Vows to Trim Banks' Exposure to Corporates
Mumbai: The Reserve Bank of India (RBI) has proposed to lower the ceiling on how much a bank can lend to a single corporate group, in a move to curb risks in the banking sector at a time when bad loans are on the rise, reports firstspot.com. Under the proposal, banks would only be allowed to lend up to 25
Belgium Returns Seized Diamonds to Zimbabwe
Antwerp: The final installment of 500,000 carats of seized diamonds with an estimated value of a little under $29 million has finally been returned to Zimbabwe, bringing a complicated dispute to a close. Denying an attempt by a South African mining company to attach diamonds to an unrelated case against the State of Zimbabwe, a Belgian Court of First Instance
