Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Gold Money (via Zero Hedge), Released on 5/19/22Driven by the groupthink coordinated in the regular meetings at the Bank for International Settlements, they became collectively blind to the policy errors of their own making.Continue... Alasdair Macleod: Central Bankers' Narratives Are Falling Apart added by Herman James on 05/22/2022View all posts by Herman James ?+'Read More
AntiWar, Released on 5/20/22Ukrainian Ministry of Internal Affairs adviser Anton Gerashchenko tweeted, "The US is preparing a plan to destroy the [Russian] Black Sea Fleet. The effective work of the Ukrainians on [Russian] warships Continue... US Drawing Up Plans To Sink Russia's Black Sea Fleet! added by Herman James on 05/22/2022View all posts by Herman James ?+'Read More
Dr. Simone Gold - Twitter, Released on 5/21/22https://t.co/WQ2DkYLQaR- Dr. Simone Gold (@drsimonegold) May 21, 2022 New study in leading medical journal finds mRNA vaccines are significantly associated with deadly blood clots added by Herman James on 05/22/2022View all posts by Herman James ?+'Read More
The Sun, Released on 5/22/22Many known patients are gay men who were tested after going to STI clinics, the WHO said.Health chiefs warned gay and bisexual Continue... Monkey Pox outbreak traced back to Gay Pride island festival... added by Herman James on 05/22/2022View all posts by Herman James ?+'Read More
Natural News, Released on 5/20/22CDC reported a weekly case rate of 250.02 per 100,000, compared to 245.82 per 100,000 for unvaccinated children in the said age group on Feb. 12. The trend holds for the following weeks up to the third week of March, the latest week with available data.Continue... CDC data: Fully vaccinated kids are more likely to get COVID-19 than unvaccinated kids added by Herman...Read More
Lawrence McDonald - Twitter, Released on 5/21/22Over 40% of all dollars ever created were done so in 2020 - 2021.*Federal Reserve United States Money Supply M2Dec 2021: $21.8TJan 2020: $15.4T$6.4T / $15.4T = 41%.#Inflation pic.twitter.com/Jj884Divxt- Lawrence McDonald (@Convertbond) May 21, 2022 Over 40% of all dollars ever created were done so in 2020-2021 added by Herman James on 05/22/2022View...Read More
Economic Prism, Released on 5/20/22The U.S. dollar has become more valuable. Not against goods and services. But against foreign currencies.Continue... What's Up With Gold? added by Herman James on 05/22/2022View all posts by Herman James ?+'Read More
While the current pull-back on blackgold is fundamentally triggered by different forces, where is the prevailingwind coming from that is pushing prices lower?On Wednesday, the day after the US Fed’sChair Powell showed a more hawkish tone, crude oil prices dropped 2.5%following profit-takings on most commodity markets - new fears emerged that aworld economic slowdown combined with rising inte...Read More
The medium-term outlook for theprecious metals remains bearish, but does this mean we can’t profit onshorter-term moves? Quite the opposite!Precious metals declined yesterday, andso did the general stock market. Is the rally already over?When Iwrote about this rally on May 12, which took place at the same timewhen I took profits from the short positions and entered the long ones, Imentioned...Read More
Crude oil, like most commodities, is not priced as a single data point like a stock. Instead, commodities, like oil, trade via futures contracts. A futures contract is an agreement to buy or sell a particular commodity or security at a predetermined price at a specified time in the future. Futures contracts are standardized for quantity and quality specifications to facilitate trading on a futures...Read More
By Matthew Cortez, Last month was the 89th anniversary of oneof America’s biggest blunders on her descent from honest, sound money intoweaponized political money: ExecutiveOrder 6102.Signed on April 5, 1933, U.S. PresidentFranklin Delano Roosevelt required all persons holding more than five ounces ofgold to deliver their “gold coin, gold bullion, and gold certificates, nowowned by...Read More
More than just a few people are buying silver because “it protects them from inflation” – or something to that effect. Ever wonder if that argument holds up? The chart (source) below indicates otherwise… Silver Prices (inflation-adjusted) – 50 Year Historical Chart (1)According to the chart, it appears that silver cont...Read More
RAPAPORT... Indian jewelry manufacturer Goldiam International saw strong sales growth in the past fiscal year amid resurgent consumer demand and the expansion of the company's lab-grown business.Revenue jumped 72% to INR 7.12 billion ($915.1 million) for the 12 months ending March 31, management reported Friday. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 81%...Read More
RAPAPORT... India's polished-diamond exports slipped 3% year on year in April, while rough imports fell 23%, reflecting a global slowdown amid the Russia-Ukraine war. Polished exports fell by volume, while the average price increased, according to recent data from the Gem & Jewellery Export Promotion Council (GJEPC). India Trade Data for April 2022 Read More
RAPAPORT... Watches of Switzerland reported strong sales growth in its fiscal fourth quarter, reflecting increased demand for luxury jewelry and timepieces, as well as a boost from newly opened and acquired stores.Group revenue jumped 39% year on year to GBP 304 million ($379.8 million) over the 13 weeks ending May 1, the UK-based company said last week. The equivalent quarter in 2021 comprised 14...Read More
RAPAPORT... Jewelry sales at Richemont grew 49% for the full fiscal year as the global market recovery enabled the luxury retailer to record its highest-ever annual total for the category.Proceeds from the segment rose to EUR 11.08 billion ($11.7 billion) for the 12 months ending March 31, Richemont said last week. The increase was driven by a restart of public events following Covid-19 lockdowns,...Read More
(IDEX Online) - About 250,000 diamond workers in Surat have been put on two weeks' unpaid leave as rough supplies are squeezed by sanctions and banking restrictions against Alrosa.The Russian miner normally accounts for around 40 per cent (by volume) of the diamonds that are cut and polished in the Indian hub."The units have been reducing working hours from 12 to eight and had given two days...Read More
(IDEX Online) - India could hugely increase its lab grown diamond production to support a "stronger and more self-reliant domestic cutting and polishing industry," says the GJEPC.It currently produces around 1.5m carats, a distant second place to China's 3m carats (Bain/AWDC figures for 2021).But Colin Shah (pictured), chairman of the Gems and Jewellery Export Council, says the lab grown indu...Read More
(IDEX Online) - Fugitive diamantaire Mehul Choksi is no longer facing charges over his "illegal entry" to the Caribbean island of Dominica almost a year ago.He is still wanted by authorities in his native India over the alleged $1.8bn Punjab National Bank (PNB) fraud.Choksi, (pictured), 62, left India in January 2018, days before the alleged fraud came to light, and relocated to Antigua and Barbud...Read More
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