From carats to peanuts: how a pandemic upended the global diamond industry Reuters
Month: August 2020
Categories
A Classic Solitaire
Classic Solitaire Engagement Ring This Throwback Thursday we pulled out a classic solitaire engagement ring from the archives originally posted by Diamondlove in the Show Me the Bling! forum in the PriceScope community. We absolutely adore it when a bride-to-be joins our community to boast about her Engagement Ring. Especially, when her fiancé had used […]
The post A Classic Solitaire appeared first on PriceScope.
Did you ever think the spot price of gold would soar so high that $1,876.32 an ounce would be considered a pullback? A short-lived one at that. By Thursday afternoon, spot gold prices were already back up to $1,940 an ounce—well above the prior all-time high of $1,917.90 an ounce in 2011.
Did you know gold’s 2011 high was a rebound too? It was. And those who rode out gold’s 2008 pullback saw a 155% increase in the value of their investment.
Did you know that if you walked into a gold and silver dealer right now and asked to buy a Saint-Gaudens gold double eagle, you might be out of luck? What about an MS-65 or MS-66 Morgan silver dollar? Same story.
Why? Watch the video above. See why spot prices shouldn’t drive precious metals investment decisions.
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Silver for immediate delivery climbs most since December 2014 (Bloomberg)
Silver for immediate delivery climbed as much as 8.7% to $27.7207 an ounce, the biggest intraday increase since December 2014. The metal rose 2.9% on Wednesday and slumped 15% on Tuesday.
The Bloomberg Dollar Spot Index headed for a second straight decline.
“The dollar index broke down a bit today, but there’s a lot of people that are on the sidelines that are looking to get back in and are chasing back into gold and silver right now,” Phil Streible, chief market strategist at Blue Line Futures in Chicago, said by phone.
SilverSeek.com
Thu, 08/13/2020 – 16:31
Biggest Discount Since 2008 Opens Up in $16 Billion Silver ETF (Bloomberg)
BlackRock Inc.’s $16.2 billion iShares Silver Trust exchange-traded fund, ticker SLV, plunged 14% on Tuesday alongside spot prices. However, the ETF tracks the London Bullion Market Association’s silver price — which is calculated once a day at an auction and was little changed. The result was a more than 11% discount between SLV and its underlying holdings as the ETF sold off more quickly.
SilverSeek.com
Thu, 08/13/2020 – 16:29
Exploration & Development Updates: Silvercrest, Kootenay, MAG, and Vizsla
Some important updates and exploration results were released today for four companies including MAG Silver, Silvercrest Metals, Kootenay Silver and Vizsla Resources. $MAG, $SILV, $KTN.V, $VZLA.V
Chris Marchese
Thu, 08/13/2020 – 12:50
Categories
The Selloff
The Selloff
I hadn’t planned on writing about the very sharp selloff that started yesterday (Tuesday) in gold and silver, but can’t imagine anything more on investors’ minds – mine included.
Ted Butler
Thu, 08/13/2020 – 10:05
Silver Price Daily Forecast – Silver Rebounds Above Resistance At $26.20. FX Empire
CME Group sees record precious metals volumes during Tuesday’s gold, silver price drops Kitco NEWS
Silver Price Forecast – Silver Markets Continue Recovering FX Empire