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
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe country's Energy and Mining Investment Supervisor agency (Osinergmin) is investigating to determine the cause of the July 10 spill and who is responsible.With Doe Run Peru in a liquidation process, workers have blamed the spill on the liquidator for poor management of the operation during the liquidation process.Qual...Read More
(Corrects to add dropped "trln" in 4th bullet point) * Weak trade adds to evidence China's economy lost momentumlastmonth-analyst * June exports -1.3% vs -2.0% forecast * June imports -7.3% vs -4.5% forecast * June new loans at 1.66 trln yuan vs forecast 1.7 trln yuan * C.bank to further lower real interest rates for smallfirms * China and U.S. resume trade talks but no deal in sight By...Read More
Family members of dementia patients are saying CBD oil is helping their loved ones and "making a world of difference."Read full newsRead More
"Resource Big News Roundup: Progressive Planet Divests of Lithium IP; Golden Ridge Options 52,442-Hectare Ball Creek Project; Manganese X to Acquire Lac Aux Bouleaux Graphite Property https://t.co/g0obHxAS48 #resource #preciousmetals #batterymetals #investing"Read full newsRead More
July 10, 2019 (ACCESSWIRE via COMTEX) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY...Read full newsRead More
The three words that nobody wants to hear: stage four cancer.But those are the words I heard from a dear family friend just last week. Of course, nobody wants to hear the word cancer in any form - unless, perhaps, you were born this very month, mystically relate to crabs, and have a wild fascination with stars predicting the future.Zodiac signs, anyone?Anyway, I'm a Virgo and I'm supposed to be c...Read More
The media has been all-too-giddy to declare the precious Dow Jones is back at record highs. While technically true, there is a different context now than when it last made new highs in 2018 - after which the Dow immediately fell some 5,000 points. Remember?Now look again with a safe haven in the mix. Here's that same Dow Jones chart with the Dow Jones Utility Index, a traditional safe haven, thr...Read More
Jul 15, 2019 Guest(s): Robert Kiyosaki With rising uncertainty in the world surrounding bubbling stock markets, trade wars, and geopolitical tensions, it makes sense for many investors to be rushing to gold, said best-selling author Robert Kiyosaki.Kiyosaki told Kitco News that he prefers to store his gold outside banks."I don't store [gold and silver] in the banks. I'm completely outside the b...Read More
Here Are 3 Hot Things to Know About Stocks Right Now All three stock indexes struggled to a record close Monday as investors gear up for earnings season. Amazon (AMZN - Get Report) shares rose as the online retailing giant kicked off its annual Prime Day shopping event, a 48-hour sale of more than a million products that rivals Black Friday and Cyber Monday for U.S. retail influence....Read More
The dream of building a new world-class copper-gold mine in Pakistan in an area bordering Afghanistan and Iran has been dashed, for now at least. The saga of Tethyan Copper Co's (TCC) efforts to develop the Reko Diq mine found resolution last week with an International Centre for Settlement of Investment Disputes (ICSID) ruling in favor of TCC following a dispute that has rumbled on for years.TCC,...Read More