News Archives

: Category: News Archives; Created: 10 July 2020; Hits: 843

“No, we need a trillion dollars for state and local. We need another trillion dollars for unemployment insurance, and direct payments.”

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: Category: News Archives; Created: 09 July 2020; Hits: 798

Gold is traditionally thought of as a haven asset — a safe port in a storm. But that hasn’t stopped it from rising to a near nine-year high, and within striking distance of its record, even as equities and other assets traditionally viewed as risky remain buoyant.

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: Category: News Archives; Created: 09 July 2020; Hits: 503

July 09, 20 by John Jeffay

(IDEX Online) - Alrosa is postponing its next two trading sessions in response to a continuing slump in demand.

The Russian state-owned miner sold just $40m of diamonds in May.

It has reportedly lost at least five of its long-term buyers, as it maintains its price over volume strategy and forces customers to buy goods deferred from earlier sales.

Alrosa is putting back its sale scheduled for July 12-17 to July 27-31. Its August 10-14 trading session is also being delayed, to a date yet to be announced.

The miner says it aims to make diamond supply steadier.

"At the last three trading sessions, we provided our customers with unprecedented flexibility, including an opportunity to defer contracted volumes to later periods of the year," said deputy CEO Evgeny Agureev.

"Today, when the largest end-consumer markets show signs of recovery, we answer our clients' requests and amend our initial trading schedule that was formed last year.

"We believe that balancing supply with demand is the most important tool to normalize cutters' stocks level."

Pic shows Alrosa rough diamonds being sorted

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Read more from our friends at IDEX

: Category: News Archives; Created: 08 July 2020; Hits: 745

Gold is “neither responding to either the U.S. dollar nor the virus, but the second quarter economic impact,” with massive M2 money [supply] growth leading to concerns about future inflation, debt and negative real yield on U.S. Treasurys. M2 is a key measure for U.S. money supply.

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: Category: News Archives; Created: 08 July 2020; Hits: 807

Says he expects the US economy to remain weaker than many had hoped through the summer and fall. Expects over time the Fed will see a reasonable volume of Main Street program loans as economy struggles with coronavirus. Rosengren has slowly grown into the biggest bear on the FOMC.

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Diamond News Archives

Pelosi Rejects White House’s $1 Trillion Price Tag for Pandemic Relief, Now Wants $Trillions More

How Negative Interest Rates Help Gold Act Like a ‘Risk On’ Asset as It Pushes Toward All Time High

Alrosa Delays Next Two Sales

Why Gold Has Become a ‘Weapon of Choice’ for Investors

Fed’s Rosengren: Expects That US Economy Will Remain Weaker Than Hoped