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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
Gahcho Kué Diamond Mine Opens
Gaborone: Gahcho Kué, the world’s largest new diamond mine in the last 13 years, officially opened yesterday. The mine, a joint venture with The De Beers Group of Companies (51 per cent) and Mountain Province Diamonds (49 per cent), is expected to produce approximately 54 million carats of rough diamonds from 35 million tonnes of ore over its lifetime. A
WFDB, IDE Optimistic After Hong Kong Fair
Antwerp: World Federation of Diamond Bourses’ (WFDB) President Ernie Blom and Israel Diamond Exchange (IDE) President Yoram Dvash believe the diamond and jewellery industries have reason to be optimistic as they head into the critical fourth quarter holiday season after solid results at the just-ended Hong Kong Jewellery and Gems Fair. Although sales were generally far from spectacular, the show
New NFC Technology to Identify Diamonds
New York: Near Field Communication, or NFC, is best known for enabling mobile payments. Two companies are now trying to apply the technology to something more glamorous: The diamond industry. Thinfilm, which prints NFC tags, and Sarine Technologies, which develops technologies for diamonds and gemstones, are partnering to bring NFC to the precious stones. Thinfilm will print NFC tags that
Second Jewelry Summit Set in Tucson in 2017
Tuscon: The second Jewelry Industry Summit to advance sustainability and responsible sourcing initiatives will take place from January 29 to 30 in Tucson during the city’s annual gemstones fair, organizers said. The meeting aims to build on the conclusions of the first summit held in New York in March where a broad range of issues and proposals were made. The
Gahcho Kué Diamond Mine Opens
Gaborone: Gahcho Kué, the world’s largest new diamond mine in the last 13 years, officially opened yesterday. The mine, a joint venture with The De Beers Group of Companies (51 per cent) and Mountain Province Diamonds (49 per cent), is expected to produce approximately 54 million carats of rough diamonds from 35 million tonnes of ore over its lifetime. A
WFDB, IDE Optimistic After Hong Kong Fair
Antwerp: World Federation of Diamond Bourses’ (WFDB) President Ernie Blom and Israel Diamond Exchange (IDE) President Yoram Dvash believe the diamond and jewellery industries have reason to be optimistic as they head into the critical fourth quarter holiday season after solid results at the just-ended Hong Kong Jewellery and Gems Fair. Although sales were generally far from spectacular, the show
New NFC Technology to Identify Diamonds
New York: Near Field Communication, or NFC, is best known for enabling mobile payments. Two companies are now trying to apply the technology to something more glamorous: The diamond industry. Thinfilm, which prints NFC tags, and Sarine Technologies, which develops technologies for diamonds and gemstones, are partnering to bring NFC to the precious stones. Thinfilm will print NFC tags that
Second Jewelry Summit Set in Tucson in 2017
Tuscon: The second Jewelry Industry Summit to advance sustainability and responsible sourcing initiatives will take place from January 29 to 30 in Tucson during the city’s annual gemstones fair, organizers said. The meeting aims to build on the conclusions of the first summit held in New York in March where a broad range of issues and proposals were made. The
