Gold & Precious Metals

Is Gold Finally Ready To Rebound?

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Gold isn’t boring anymore—now we can see the bottom, and it’s cheaper than it’s been since 2015, hitting below $1,200 last week after another fed rate hike boosted the dollar.

We’re looking at six straight months of decline, but this is a nearly three-decade losing streak that could be at its end…. CLICK for complete article

Emerging Markets Boost Gold Holdings

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Central banks’ demand for gold reached a three-year high, rising 8 percent during the first half of 2018 compared to the same period last year, according to a World Gold Council market update on central bank buying activity released today…. CLICK for complete article

Morgan Stanley Turns Bullish On Gold

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Calls by big analysts to buy gold are pretty rare these days, so when the sixth largest bank in the U.S. comes out with a nudge, gold bugs start foaming at the mouth with righteous indignation.

That’s exactly what Morgan Stanley has done—even if it really doesn’t like gold much. CLICK for complete article

Is Diamond Demand Crumbling?

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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

Gold, Silver Up As Trade War Fears Take A Breather

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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

Venezuela’s Gold Reserves Are Reaching Critical Levels

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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