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.

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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.

Read More »

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Pangolin Discovers Two More Diamonds

Toronto: Pangolin Diamonds Corp. has recovered two more diamonds from the Company’s wholly-owned Malatswae Diamond Project (Malatswae) for a total of ten to date.  Nine of the diamonds are white in colour.  The project area is located 105 km southeast of the Karowe diamond mine operated by Lucara Diamonds in Botswana. Diamond MSC-DG-137 is a white cube with small black

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Hatton Garden Robbers’ Gang Sentenced to Jail

London: Two of the ringleaders of the Hatton Garden heist yesterday thanked the judge as he jailed them for an audacious £14million gem raid that he said stood ‘in a class of its own,’ reports Daily Mail. ‘Diamond wheezers’ Terry Perkins, 67, said ‘thank you sir’ and Daniel Jones, 61, ‘thank you judge’ as the pair were each sentenced to

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GJEPC Urges Govt. to Withdraw Duty on Jewellery

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) stated that the imposition of 1% excise duty on jewellery (other than plain Silver jewellery) by the Government of India in Union Budget 2016-17 is not in the interest of the industry. GJEPC Chairman has already approached the Government to initiate meetings with the Finance Minister and Officials of the Finance

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Platinum – A Choice for the Modern Women

Mumbai: This International Women’s Day, pay tribute to the indomitable spirit of women hood with Platinum. Precious, eternal and elegant this metal personifies the innate strength of a modern woman. What better than platinum to show your love and gratitude to the women in your life. Be it your mother, wife, partner, sister or daughter, platinum is something that she

Read More »

Pangolin Discovers Two More Diamonds

Toronto: Pangolin Diamonds Corp. has recovered two more diamonds from the Company’s wholly-owned Malatswae Diamond Project (Malatswae) for a total of ten to date.  Nine of the diamonds are white in colour.  The project area is located 105 km southeast of the Karowe diamond mine operated by Lucara Diamonds in Botswana. Diamond MSC-DG-137 is a white cube with small black

Read More »

Hatton Garden Robbers’ Gang Sentenced to Jail

London: Two of the ringleaders of the Hatton Garden heist yesterday thanked the judge as he jailed them for an audacious £14million gem raid that he said stood ‘in a class of its own,’ reports Daily Mail. ‘Diamond wheezers’ Terry Perkins, 67, said ‘thank you sir’ and Daniel Jones, 61, ‘thank you judge’ as the pair were each sentenced to

Read More »

GJEPC Urges Govt. to Withdraw Duty on Jewellery

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) stated that the imposition of 1% excise duty on jewellery (other than plain Silver jewellery) by the Government of India in Union Budget 2016-17 is not in the interest of the industry. GJEPC Chairman has already approached the Government to initiate meetings with the Finance Minister and Officials of the Finance

Read More »

Platinum – A Choice for the Modern Women

Mumbai: This International Women’s Day, pay tribute to the indomitable spirit of women hood with Platinum. Precious, eternal and elegant this metal personifies the innate strength of a modern woman. What better than platinum to show your love and gratitude to the women in your life. Be it your mother, wife, partner, sister or daughter, platinum is something that she

Read More »

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