Bonjour les amis. La fin de semaine pr?(C)sente le meilleur temps pour essayer r?(C)fl?(C)chir un peu ? la question du march?(C) de l'or et ? celle de nos investissements dans les aurif??res. Il est certain, en tout cas, que j'ai plus que jamais un int?(C)r??t marqu?(C).Je vous envoie cette fois-ci un fichier d?(C)crivant le prix de l'or de 1975 jusqu'? aujourd'hui sur une ?(C)chelle arithm?(...Read More
July 12th, 2019(S14-E704)Featured GuestsDr. Marc Faber& John ScurciPlease Listen HereInterview RecapFrom his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of the GloomBoomDoom report, returns with his outlook.According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches.A global / domestic economic maelstro...Read More
By: Gary SavageGold's commercial short position will not crash gold, analysts are mistaken:Read More
By: Ira EpsteinGold short-term is paused, figuring out what next?Read More
The decline in the bellwether Turkish ferrous scrap market, along with sluggish long steel demand that led buyers to adopt a wait-and-see approach, applied downward pressure on billet prices in most regions in the week ended Friday July 12.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $282.08 per tonne on July 12, down by $14.10 per tonne from...Read More
July 12th, 2019(S14-E704)Featured GuestsDr. Marc Faber& John ScurciPlease Listen HereInterview RecapFrom his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of the GloomBoomDoom report, returns with his outlook.According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches.A global / domestic economic maelstro...Read More
By: David HaggithThis month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the history of the United States! That's something, right? Something? Let's take an honest look at what we now call great.By "the longest expansion" we mean the longest period in which US GDP has been growing without a recession. Now, that's some...Read More
By: Gary SavageGold's commercial short position will not crash gold, analysts are mistaken:Read More
Dear Friend of GATA and Gold:Modern Monetary Theory, which has been getting much attention lately, is so controversial mainly because it is misunderstood.It is misunderstood first because it is not a theory at all but a truism.That is, MMT holds essentially that a government issuing a currency without a fixed link to a commodity like gold or silver is constrained in its currency issuance only by...Read More
By: Ira EpsteinGold short-term is paused, figuring out what next?Read More
By Robert LambourneThe Bank for International Settlements' has just published its statement of account for June and it indicate that the bank is still actively trading gold swaps, which the bank uses to gain access to gold held by commercial banks. But recent activity appears to be much reduced from the second half of 2018.There is not enough information in the monthly reports to calculate the e...Read More
- No Easy Solutions- A Radical Restructuring of the Economy and Tax Code- MP3?- A Brief Commercial- New York, Maine, and MontanaThis is the final letter of the six-part series of my reply to Ray Dalio's essays. Here are some links to help you wrap it all together.Ray's original letter: Why and How Capitalism Needs to Be Reformed, Parts 1 and 2His follow-up: It's Time to Look More Carefully at...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 12 that are worth another look.The antimony standard-grade II price softened on Friday July 12, and while the price for indium rose slightly the metal remains under pressure due to slow demand. Aluminium foundry premiums in the United States and Europe have fallen over the past month, pressured lower by a lack of demand...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 12 that are worth another look.The antimony standard-grade II price softened on Friday July 12, and while the price for indium rose slightly the metal remains under pressure due to slow demand. Aluminium foundry premiums in the United States and Europe have fallen over the past month, pressured lower by a lack of demand...Read More
RAPAPORT... Rio Tinto has launched what's likely to be one of its lastannual pink-diamond tenders, as the company gears up to close its flagshipArgyle mine.The Argyle Pink Diamonds Tender, which has run since 1984,comprises rare polished colored diamonds originating from the mine inAustralia. This year's edition, which Rio Tinto unveiled Friday at the mine site,features 64 stones weighing a combin...Read More
RAPAPORT... India has introduced an import classification code solely for lab-grown rough diamonds, enabling the industry to keep better watch of syntheticsentering the country.The government has separated the Indian Trade Clarification(ITC) code for rough synthetic gemstones into diamonds and non-diamonds, theGem & Jewellery Export Promotion Council (GJEPC) reported last week. Themove wi...Read More
Rio Tinto held its annual showcase of rare pink and red diamonds at the Argyle mine site in the east Kimberley region of Western Australia. The 64-diamond collection, including three Fancy Red diamonds and weighing 56.28 carats in total, make up the 2019 Argyle Pink Diamonds Tender. Rio Tinto Copper & Diamonds chief executive Arnaud Soirat said: "These diamonds are a testament to the enormous...Read More
Earlier this month, a meeting of the Young Diamantaires Association (YDA) was held at the London Diamond Bourse. The event was initiated by Alan Cohen the President of the Club and coordinated by David Troostwyk, a LDB board member. The meeting was chaired by Rami Baron, President of the Diamond Dealers Club of Australia and YDA Founder. The YDA operates under the auspices of the World Federation...Read More
Alrosa, the world's largest diamond mining company, auctioned of 82 rough diamonds, weighing 10.8 carats and more, at auction in Israel. The diamonds, weighing a total of more than 1,422 carats, were sold to companies from Belgium, Hong Kong, India, Israel, Russia, the UAE and the USA."Today, there are still difficulties with demand in the global diamond market. This inevitably affects...Read More
ABN AMRO sent a letter to a number of clients, declaring a moratorium on rough loans, quoting the industry's behavior. Arguing that there is not profitability in manufacturing or rough diamond trading and that therefore, noting that it does not identify the "necessary change in the current situation," ABN will not extend loans for rough diamond purchases. The "necessary change in the current...Read More