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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
IIDGR to Launch Grading Service in New Markets
Gaborone: The De Beers Group of Companies yesterday announced that its International Institute of Diamond Grading & Research (IIDGR) has launched its grading service in the Far East, Middle East, India and Europe. Following an initial pilot testing of the service in the Far East, IIDGR will now also provide a grading service from each of its laboratories in Belgium,
Gemfields Revenue Goes -9% in H2 2015
London: Emerald and ruby miner Gemfields plc has announced its results for the second half of 2015, which showed that revenue dropped 9 percent over the same period in 2014. The company’s revenue dipped to $94 million in the six month period ended December 31, 2015 compared to $103.4 million over the same period a year prior. EBIDTA fell from
Gold Spot Exchange in India is Viable: IGPC
Ahmedabad: India Gold Policy Centre (IGPC) at Indian Institute of Management Ahmedabad (IIMA) released a study on the viability of a Gold Spot Exchange in India by Prof. Joshy Jacob and Prof. Jayanth R. Varma of IIMA. One of the key findings is that a Gold Spot Exchange is eminently viable and would lead to efficient price discovery, assurance in
WFDB Warns about the Recent Certificate Scam
Antwerp: The World Federation of Diamond Bourses (WFDB) has been informed that a vendor on the world’s leading online global wholesale trading platform, Alibaba, has offered CVD lab grown (synthetic) diamonds inscribed with the numbers of genuine GIA graded natural diamond reports. The seller on Alibaba, a New Delhi (India) based company called International Trading Corporation (ITC), which only deals
IIDGR to Launch Grading Service in New Markets
Gaborone: The De Beers Group of Companies yesterday announced that its International Institute of Diamond Grading & Research (IIDGR) has launched its grading service in the Far East, Middle East, India and Europe. Following an initial pilot testing of the service in the Far East, IIDGR will now also provide a grading service from each of its laboratories in Belgium,
Gemfields Revenue Goes -9% in H2 2015
London: Emerald and ruby miner Gemfields plc has announced its results for the second half of 2015, which showed that revenue dropped 9 percent over the same period in 2014. The company’s revenue dipped to $94 million in the six month period ended December 31, 2015 compared to $103.4 million over the same period a year prior. EBIDTA fell from
Gold Spot Exchange in India is Viable: IGPC
Ahmedabad: India Gold Policy Centre (IGPC) at Indian Institute of Management Ahmedabad (IIMA) released a study on the viability of a Gold Spot Exchange in India by Prof. Joshy Jacob and Prof. Jayanth R. Varma of IIMA. One of the key findings is that a Gold Spot Exchange is eminently viable and would lead to efficient price discovery, assurance in
WFDB Warns about the Recent Certificate Scam
Antwerp: The World Federation of Diamond Bourses (WFDB) has been informed that a vendor on the world’s leading online global wholesale trading platform, Alibaba, has offered CVD lab grown (synthetic) diamonds inscribed with the numbers of genuine GIA graded natural diamond reports. The seller on Alibaba, a New Delhi (India) based company called International Trading Corporation (ITC), which only deals
