OP is DeBeer and we're discussing diamond market
I'm taking notes but I wonder how diamonds can compete vs new technology to produce them industrially.
Silver and gold remain elements with strong demand both monetary and industry even for gold those its a minor to central banks buying. The net purchase by central banks has been true since the century start, its been a while but China for example started with 0% reserves and they remain far behind I believe.
Both China and Japan have reduced their dollar foreign reserve holdings contributing to some weakness in the dollar index. I think all these trends continue but prices might become less volatile returning to averages. The pullback in silver is a reflection of less leverage available in some major markets such as Chicago.
This trade is just loose money but the base demand at use vs production supply remains bullish over years is likely true, thats good for miners as years is what it takes them to pull the physical out of the ground.
