RAPAPORT... LVMH saw sales of jewelry and watches surge in the third quarter, buoyed by a strong performance from Tiffany & Co.Revenue from the category jumped 25% year on year to EUR 2.67 billion ($2.58 billion) in the three months ending September 30, LVMH reported Tuesday. Sales in the US, Europe and Japan benefited from local demand as well as the recovery in international travel, while th...Read More
RAPAPORT... Sales at Titan Company, an India-based jewelry retailer, increased in the second fiscal quarter as consumers spent more in the lead-up to the festive season.Jewelry sales climbed 18% year on year for the three months ending September 30, the company reported last week. Plain gold jewelry performed well, and studded jewelry saw a significant jump in the amount shoppers spent per item. R...Read More
(IDEX Online) - Diamond factories are extending their Diwali breaks from 15 days to 25 days amid ongoing slow demand from the US, Europe and China. An estimated one million workers will be forced to take 10 extra days of unpaid leave as units close from 21 October to 15 November. The closure will inevitably have an impact on the city's wider economy. Factory closures are s...Read More
(IDEX Online) - Israel's polished diamond exports rose by 25 per cent to $3.2bn in the first three quarters of 2022.Polished imports for the same period were up 19 per cent to $2.5bn, according to the Diamond Controller of the Israel Ministry of Economy and Industry.Net import of rough diamonds to Israel fell slightly, by 0.5 per cent, to $1.5bn. and exports fell by 1.0 per cent to $1.3bn.How...Read More
Preliminary third quarter gold production was lower than the second quarter as a strong performance from the Pueblo Viejo mine in the Dominican Republic was offset by lower production at the VeladeroRead More
"We remain on track to deliver on our updated guidance," said New Gold chief executive Renaud Adams after reporting third-quarter operational performance ahead of financial results on 3 November.Read More
U.S. equity index futures were higher at 7:30 AM EDT. S&P 500 futures were up 22 points in pre-opening trade.Traders were waiting for the September Consumer Price Report at 8:30 AM EDT. Consensus is an increase of 0.2% versus a gain of 0.1% in August. On a year-over-year basis, consensus is an increase of 8.1% versus a gain of 8.3% in August. Excluding food and energy, consensus is an increase...Read More
Las Vegas, Nevada has been our resort for these past several days.Here we have witnessed several madnesses - madnesses large, madnesses small. Madnesses public, madnesses private.Yet the public madness, the mass madness, the extended madness is our concern today. That is, the market madness.And so we publish once again our reflections on the madness of crowds. As we have written before: When a man...Read More
Many analysts say gold is volatile. But they should say that the gold market is volatile. That's because most of it is paper gold, with only a small amount of physical gold to support it.Think of the gold market as an inverted pyramid, with a small amount of gold at the bottom, holding up a huge amount of paper gold. The paper market could be 100 times the size of the physical market.That means th...Read More
The speeder bike chase on Endor in Return of the Jedi is one of the most memorable parts of the original Star Wars trilogy.As a kid, it was a part of the movie I would rewind to watch over and over, if only to hear those speaker-ripping sounds coming out of the old wood-grain console TV that sat on the floor.I never thought that someone would eventually build one of those bikes in real life. But h...Read More
Share this article VANCOUVER - Sandstorm Gold Ltd. [SSL-TSX, SAND-NYSE American] has released an update of recent developments from its portfolio of royalty assets, including the Hod Maden project in northeastern Turkey and Greenstone gold project in Ontario.Following the recent purchase of Nomad Royalty Co. Acquisition [NSR-TSX, NYSE] and a basket of royalties and streams from BaseCore Metals Ro...Read More
We spoke with Eric Zaunscherb, Chairman and CEO of GR Silver Mining Ltd. (TSXV|GRSL, OTCQB|GRSLF, FRANKFURT|GPE), a Canadian-based, Mexico-focused, junior mineral exploration company, engaged in cost effective silver-gold resource expansion, on its 100%-owned assets, located on the eastern edge of the Rosario Mining District, in the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100...Read More
November 8, 2022, cannot come soon enough. Perhaps it's a bit of wishful thinking, but once the midterm elections are finally behind us, there's a small chance that the politicking will calm down for a brief while.One can only hope.Turning the global oil markets into a political game full to the brim with bluffing, calling, and positioning is dangerous. Take a closer look at what's going on with...Read More
Wealthion, Released on 10/14/22For Part 1 of this interview, CLICK HEREFan-favorite forecaster Marc Faber returns for Part 2 of our interview with him to focus on which assets he thinks investors should consider to protect their wealth through the turmoil he sees ahead. Diversification is key in Marc's eyes, though he does think that having large cash reserves right now is particularly prudent. He...Read More
The Meb Faber Show, Released on 10/12/22In today's episode, Jim gives us his take on the global markets today. We touch on inflation, commodities, central banks, and why he believes the next recession will be the worst in his lifetime. Jim also shares what countries he's bullish on, and some of the names may make you a little queasy. Jim Rogers co-founded the Quantum Fund with George Soros in 1973...Read More
Citizen Free Press - Twitter, Released on 10/14/22Bucs coach Todd Bowles has no time for Leftist lies on racepic.twitter.com/5bVspj5prE- Citizen Free Press (@CitizenFreePres) October 14, 2022 Bucs coach Todd Bowles has no time for Leftist lies on race added by Herman James on 10/13/2022View all posts by Herman James ?+'Read More
Kinesis Money, Released on 10/14/22 In this week's Live from the Vault, the hedge fund expert and author of the Mining Stock Journal, Dave Kranzler, joins Andy Maguire for a deep dive into the mining business and precious metals markets. The two industry leaders discuss the coordinated efforts behind the dollar devaluation, growing paper vs physical divergence, and the potential bullish scenario f...Read More
Gold Silver (w/ Mike Maloney), Released on 10/13/22What was the bizarre speech from 2002 that can now be seen as a precursor to the unbalanced world we live in today? Join Mike Maloney in today's update as he discusses the latest inflation figures, why we keep treating the symptoms rather than the disease, and who is ultimately responsible for the financial carnage to come. Link to Mike's 'Decodin...Read More
Trends Research, Released on 10/14/22Scott Ritter is an author and pundit and a former United States Marine Corps intelligence officer and United Nations weapons inspector. He served as a junior military analyst during Operation Desert Storm and then as a member of the United Nations Special Commission (UNSCOM) overseeing the disarmament of weapons of mass destruction (WMD) in Iraq from 1991 to 19...Read More
Macro Voices, Released on 10/13/22MacroVoices welcomes Tressis Chief Economist, Daniel Lacalle to the show. They discuss the Macro outlook in Europe and Daniel says the dire economic situation in Europe is entirely the making of EU policymakers, not Vladimir Putin. Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from t...Read More