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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
VOD Jewellery Celebration Awards 2016
Dubai: The Vicenzaoro Dubai was witness to the first VOD JEWELLERY AWARDS 2016, presented to Industry stalwarts. The award was organized by Fierra Di Vicenza and partnered by The New Jeweller Group, UAE and Middle East’s’ foremost Media services company for the gems and jewellery industry. Stalwarts who have been true ambassadors to the gems and jewellery industry of Dubai
Zimbabwe Inks Deal with New Mining Company
Harare: Zimbabwe’s mines ministry is said to have inked a new deal with the Diamond Mining Company paving way for the Lebanese-owned company to resume operations in Marange. Mines minister Walter Chidhakwa said DMC had agreed to cede 50 percent of its shares to Harare. “We went into discussions and had an agreement to take over 50% of the company.
Diamond Prices Will Need 1.5-2 Years to Recover
Moscow: After rough diamond prices dropped by 15% in 2015, they will need 1.5-2 years to bounce back, in the opinion of Andrey Zharkov, head of ALROSA. “We expect the market to stabilize in 2016, but in any case prices will require a year and a half or two years to recover,” he said in an interview to Yakutiya24, a
De Beers to Leave London Headquarters
London: De Beers, the world’s largest diamond company, is to leave its UK headquarters after almost a century, as parent company Anglo American trims costs. About 300 staffs were told on Friday that they would be leaving 17 Charterhouse Street, from where De Beers once controlled the flow of diamonds around the world. The move ends an era that began
VOD Jewellery Celebration Awards 2016
Dubai: The Vicenzaoro Dubai was witness to the first VOD JEWELLERY AWARDS 2016, presented to Industry stalwarts. The award was organized by Fierra Di Vicenza and partnered by The New Jeweller Group, UAE and Middle East’s’ foremost Media services company for the gems and jewellery industry. Stalwarts who have been true ambassadors to the gems and jewellery industry of Dubai
Zimbabwe Inks Deal with New Mining Company
Harare: Zimbabwe’s mines ministry is said to have inked a new deal with the Diamond Mining Company paving way for the Lebanese-owned company to resume operations in Marange. Mines minister Walter Chidhakwa said DMC had agreed to cede 50 percent of its shares to Harare. “We went into discussions and had an agreement to take over 50% of the company.
Diamond Prices Will Need 1.5-2 Years to Recover
Moscow: After rough diamond prices dropped by 15% in 2015, they will need 1.5-2 years to bounce back, in the opinion of Andrey Zharkov, head of ALROSA. “We expect the market to stabilize in 2016, but in any case prices will require a year and a half or two years to recover,” he said in an interview to Yakutiya24, a
De Beers to Leave London Headquarters
London: De Beers, the world’s largest diamond company, is to leave its UK headquarters after almost a century, as parent company Anglo American trims costs. About 300 staffs were told on Friday that they would be leaving 17 Charterhouse Street, from where De Beers once controlled the flow of diamonds around the world. The move ends an era that began
