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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
Petra CEO Skeptical About Market Recovery
London: Fresh off the heels of a promising Q1 2016 production and trading update announcing a 26% increase in production and 25% rise in revenues, Petra Diamonds’ CEO Johan Dippenaar has joined other mining executives in warning that it’s still too early to tell if the industry’s rebound from the worst year since the financial crisis will last, writes Thomas
Moscow Exchange to Start Trading in Diamonds
Moscow: Russia’s biggest diamond company, ALROSA, and the Moscow Exchange are developing a project to establish trading in investment diamonds and futures (a form of contract that sets the timeframe and price for selling a commodity). The head of the Moscow Exchange commodities department, Mikhail Orlenko, believes that the project may be of interest both to private investors, who will
Diamond Jewellery Demand Grows 5% in US
London: Diamond jewellery demand by US consumers hit a record level of US$39 billion in 2015, according to industry insight data published today by The De Beers Group of Companies. Demand by US consumers increased five per cent on 2014 levels as they benefited from the sustained economic recovery, higher levels of job creation and wage growth. The US remains
Finance Issues Top of the Agenda at WDC, Dubai
Antwerp: With the 37th World Diamond Congress, the biennial meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), set to start in just over three weeks, WFDB President Ernie Blom says the finance sessions of the Congress are set to provide critical information for the industry on the issue of liquidity and other
Petra CEO Skeptical About Market Recovery
London: Fresh off the heels of a promising Q1 2016 production and trading update announcing a 26% increase in production and 25% rise in revenues, Petra Diamonds’ CEO Johan Dippenaar has joined other mining executives in warning that it’s still too early to tell if the industry’s rebound from the worst year since the financial crisis will last, writes Thomas
Moscow Exchange to Start Trading in Diamonds
Moscow: Russia’s biggest diamond company, ALROSA, and the Moscow Exchange are developing a project to establish trading in investment diamonds and futures (a form of contract that sets the timeframe and price for selling a commodity). The head of the Moscow Exchange commodities department, Mikhail Orlenko, believes that the project may be of interest both to private investors, who will
Diamond Jewellery Demand Grows 5% in US
London: Diamond jewellery demand by US consumers hit a record level of US$39 billion in 2015, according to industry insight data published today by The De Beers Group of Companies. Demand by US consumers increased five per cent on 2014 levels as they benefited from the sustained economic recovery, higher levels of job creation and wage growth. The US remains
Finance Issues Top of the Agenda at WDC, Dubai
Antwerp: With the 37th World Diamond Congress, the biennial meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), set to start in just over three weeks, WFDB President Ernie Blom says the finance sessions of the Congress are set to provide critical information for the industry on the issue of liquidity and other
