(IDEX Online) - Petra Diamonds today announced increased sales of $102.9m at its latest rough tender, and revealed it would reinstate dividends to shareholders on the back of a revenue hike.The UK-based miner said it sold 520,011 carats at its first tender of FY2023, down nine per cent on the previous tender in June. But an 11 per cent in prices pushed overall revenue up from $93m.Average price pe...Read More
(IDEX Online) - British actress Lily James fronts a new campaign for the Natural Diamond Council, promoting the beauty of natural diamonds.The 33-year-old Emmy-nominated star, known for roles in Pam and Tommy and Downton Abbey, has been appointed by as the council's global ambassador."It has been illuminating to discover the positive impact of the natural diamond industry across the globe and...Read More
(IDEX Online) - Sixteen Argyle Pinks are being offered for sale in what is described as a "once-in-a-lifetime opportunity" for collectors.Leibish is hosting a Festival of Argyle Tender Pink Diamonds at its offices in New York until 19 September.It describes the event as "the largest Tender stone collection in the world".A 1.28 carat, Fancy Deep Purplish Pink, 2PP, Oval shape Diamond with I1 clarit...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 54 points in pre-opening trade.Index futures moved sharply lower following release of the U.S. August Consumer Price Index at 8:30 AM EDT. Consensus was a slip of 0.1% versus unchanged in July. Actual was an increase of 0.1%. On a year-over-year basis, August CPI was expected to increase 8.1% versus a gain of 8.5% in...Read More
There are 435 seats in the House of Representatives (not counting nonvoting seats for D.C. and some U.S. possessions) and all of them are up for election in November. Right now, the Democrats control the House with 219 Democrats versus 211 Republicans (there are five vacancies).It takes 218 votes to control the House. This means if the Republicans hold the seats they have and pick up just seven se...Read More
Today we trample sacred ground... trumpet a message of heresy... and offend the pieties. For we challenge the cherished and soothing assumptions of democracy.In 2001, academic Hans-Hermann Hoppe scribbled a book bearing the soaring title Democracy: The God That Failed. Hoppe's work is a dart leveled against that holiest of secular divinities.Hoppe's primary tort against democracy?It wastes. It exh...Read More
"You could call that stagflation."Those are the words of the once-revered Ben Bernanke, giving his outlook for the near-term future of the American and world economies. Strange, isn't it, how the Fed's ex-chairman tends to be more honest with us than the present one.After Alan Greenspan left the position, he wrote a pretty good book decrying the whole existence of the fiat money regime, while Bern...Read More
Just when you think the anti-Russian sanctions policy can’t get any dumber, it does. Here's the latest:The EU and U.S. have announced a new plan to cap the price of Russian oil by applying pressure through the insurance industry. The plan says that Lloyd's of London and other insurance channels will not insure Russian tankers exporting oil unless the price is capped as demanded by the West.S...Read More
Spread the loveQUESTION: I'm a subscriber and I read you every day. Your weekend article 9/10/22 that a gold standard will not work as gold fluctuates just as Fiat currencies do. Then what in your opinion is the proper currency model, or can we just simply keep printing dollars endlessly because for now, we're the least dirty of all the dirty shirts? If you've done an article or book on this ple...Read More
The classic movie Gold Diggers of 1933 featured a song-and-dance number called "Remember My Forgotten Man."The movie was ostensibly about how farm girls who moved to the city and faced economic depression would do whatever it took to get along. That was the theme of the opening song, "We're in the Money," the lyrics of which are truly hilarious once you understand the point.But the deeper theme wa...Read More
This summer was notable for clashes with Russia and China over Ukraine and Taiwan, respectively. And amid that backdrop, the United States advanced a multibillion-dollar push to develop new super-weapons capable of competing with our adversaries.Indeed, with world order thrown into chaos, the U.S. rushed to complete tests for four different hypersonic weapons this past summer, registering one fai...Read More
The financing mechanism, which is based on 4.Read More
Our favorite eccentric billionaire just announced what could be his most lucrative venture to date. Tesla is reportedly planning a historic first for North America. As early as the fourth quarter of 2022, the company will begin construction of a battery-grade lithium hydroxide refinery. It's the only logical next step for a company hell-bent on conquering the EV industry. Tesla has already gift...Read More
Jay Taylor Media, Released on 9/13/22John Rubino, founder of the popular financial website DollarCollapse.com, talks about why a very small surprise spooks markets and discusses Supply Chain Disruptions.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dol...Read More
Jay Taylor Media, Released on 9/13/22J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical...Read More
Blockworks Macro, Released on 9/14/2200:00 Introduction02:56 The "Fed Put"05:56 Jerome Powell's Paul Volcker Moment07:31 What To Expect Ahead of the Next FOMC Meeting09:22 Liz Truss's Energy Bailout Plan11:32 Which Leading Indicators Should You Follow?14:47 Housing IS The Business Cycle20:30 Quiet Quitting & Work From Home25:49 Circle Ad27:09 What Is Happening in the Labor Market?34:20 Looking For...Read More
Brad Carr, Released on 9/13/2200:00 - Money Printing00:30 - Introduction00:42 - Bottom of the Market02:00 - The Global Economy02:51 - Bitcoin03:48 - Bubbles04:53 - Inflation06:35 - U.S. Dollar09:08 - War in Ukraine11:05 - China's Economy13:00 - Singapore13:59 - Travel18:05 - Find Jim18:40 - Life of AdventureJim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund...Read More
Gregory Weldon, Released on 9/13/22Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful...Read More
Kitco News, Released on 9/13/22We are in the midst of the 'biggest crash in history,' and it's only going to get worse, says Robert Kiyosaki, best-selling author of the 'Rich Dad, Poor Dad' series. Speaking to Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, Kiyosaki highlights deeper political and economic problems in the United States, including creeping Marxist tendencies. He rec...Read More
Judge Napolitano - Twitter, Released on 9/14/22National Gun Registry?#secondamendment #2A #NRA #gunrights #gunregistry pic.twitter.com/FLEN8nWIsM- Judge Napolitano (@Judgenap) September 14, 2022 Andrew P. Napolitano is a former judge of the Superior Court of New Jersey. Judge Napolitano has written seven books on the U.S. Constitution. The most recent is Suicide Pact: The Radical Expansion of Pres...Read More