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Gold & Precious Metals

Is Diamond Demand Crumbling?

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Posted by Mining.com

on Thursday, 13 September 2018 08:40

diamon

Anglo American’s De Beers, the world’s No.1 diamond miner by value, has just had the lowest sales for its seventh cycle since it began releasing data in 2016, as it let customers delay acquiring smaller stones for the first time.

Sales for the cycle stood at a provisional $505 million, down 5.5 percent from the $533 million obtained in the previous cycle of the year and 0.4 percent from $507 million for same period in 2017.... CLICK for complete article



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Gold & Precious Metals

Gold, Silver Up As Trade War Fears Take A Breather

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Posted by Alex Kimani

on Tuesday, 28 August 2018 11:08

goooold

Major world stock markets have taken out new highs on Monday following signs of progress in the U.S.-Mexico NAFTA trade deal and reassuring comments by Fed chair. The United States and Mexico have reached an agreement to revise parts of the 24-year NAFTA (North American Free Trade Agreement) deal, a crucial step towards revamping the pact, which was seen as being danger of collapsing during earlier stages of the negotiations.... CLICK for complete article



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Gold & Precious Metals

Venezuela’s Gold Reserves Are Reaching Critical Levels

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Posted by ZeroHedge

on Friday, 17 August 2018 11:08

 goooold

Venezuela has sold off most of its gold reserves to pay off debts. The country barely has any gold left in reserve. Its massive oil supplies were once its largest export. Now, the country has announced that it will export only one million barrels of oil a day next year, down from three million barrels a day in 2011. Where has all the wealth gone? CLICK for complete article



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Gold & Precious Metals

Gold Market Update

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Posted by Clive Maund

on Tuesday, 07 August 2018 07:15

Gold has had a rather hard time of it during the past several months, as we can see on its latest 1-year below, but its drop has been proportionate to the rally in the dollar, and is therefore unremarkable. What this drop has achieved, which is a useful precursor to a recovery, is to finally flush out the Large Specs, who, after outstaying their welcome, have finally packed their bags and left. This we can see on the latest COT chart which is stacked right below gold’s 1-year chart for direct comparison. 

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Click on chart to popup a larger, clearer version. Points worth noting on these charts include the following: gold is now oversold on its MACD and relative to its moving averages and when you couple these facts with the now cleaned up COT and strongly bullish seasonal factors now in play that we will look at shortly, we can see that there is a strong case for gold turning up here, which implies that the dollar will soon drop, so we will look at that later too. The positive divergence of the Accum – Distrib line relative to the gold price over the past couple of weeks is worth noting too. Taking all of the above into account it is thus very interesting to observe gold’s latest 10-year chart on which we see that its price has dropped down to arrive at the support of a giant Bowl pattern, so, again, this is a very point for it to turn up. The pattern in gold since early – mid 2013 may also be described as a complex Head-and-Shoulders bottom which is not shown here as it would make the chart rather messy, and the Bowl pattern suffices to define what is going on, at least for now. 



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Gold & Precious Metals

Silver Holds It's Low & Novo Gets Interesting

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 03 August 2018 07:30

Today's videos and charts (double click to enlarge):


SFS Key Charts & Portfolio Analysis

1apple


SF Juniors Key Charts & Video Analysis



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The end of the longest bull market?

It’s increasingly looking like we’re now at or near the end of one of the longest running and most important bull markets in history. ...

- posted by Eric Coffin

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