Gold is lagging theraging inflation unleashed by the Fed’s epic money printing. Despite leading inflation benchmarksskyrocketing to multi-decade highs, gold prices have barely budged. Serious inflation initially fuels record-highstock markets, which stunt gold investment demand. But festering inflation increasingly erodescorporate earnings, hitting stock prices. As sto...Read More
A stroll through recent and not so recent inflationary history[edit] Some wording and a couple typos cleaned up from original post, no changes to themes…A Cynical Fed is a Dangerous FedOn ‘Fed minutes Wednesday’ the media amplified the noise, the machines are doing what the machines do and running with it, and it’s all eyes on the great and powerful Fed (of Oz).The Fed cre...Read More
The higher price for gold over time reflects the loss in purchasing power of the US dollar. The loss in the dollar’s purchasing power is an effect of inflation.Over the past century, the US dollar has lost approximately ninety-nine percent of its purchasing power. The loss in purchasing power is reflected in a gold price that has increased one-hundred fold ($20.67 oz. x 100 = $2067 oz)...Read More
Happy new year, everyone! We hope that2022 will be a prosperous one for all our readers. However, will it besuccessful for oil?EnergyMarket Updates Yesterday, crude oil prices ended higher,after a volatile session as US inventories fell by 6.4 million barrels – morethan twice the previous week – which is another positive sign for demand. US inventories levels of crude oil,gasoline, and...Read More
Silver is one of thefew precious metals that have been popular among investors for quite some time.It’s an inflation hedge that can potentially protect one's wealth againstuncertain times and market turmoil, which is probably why the silver market is seenas one of the most reliable investment options in recent years. Some investorshave also been impressed by how silver has outperformed other...Read More
Gold, silver, and mining stocksstarted 2022 with a bang. However, this wasn’t the kind of fireworks investorswere hoping for.While gold, silver, and mining stockspartied hard into year-end, the trio woke up to massive hangovers on Jan. 3.Although I’ve been warning for some time that mining stocks would stumble in2021, the New Year is still filled with old problems.For example, the GDX...Read More
For precious metals investors, 2021 will rank as a disappointing year – at least in terms of price performance. Gold and silver lagged behind the stock market as well as broad commodity indexes. Gold showed signs of gathering upside momentum in the spring, but prices settled back down into a wide trading range for the rest of the year. The monetary metal is down about 3% for the year but wil...Read More
RAPAPORT... Sotheby's brought in $12.4 million from its Important Jewels sale in New York, with a pair of diamond earrings by Boucheron taking the top spot.The set features marquise- and pear-shaped diamond clusters suspending two detachable pear-shaped diamonds - a D-color, VS1-clarity stone weighing 14 carats and a D-color, VVS2-clarity diamond weighing 13.75 carats. The pair fetched $1.3 millio...Read More
RAPAPORT... US jewelry sales rose in February amid a rebound in consumer spending on apparel and accessories, according to Mastercard SpendingPulse.Revenue for the jewelry category grew 22% year on year during the month, Mastercard reported last week. The segment also benefited from the extra cash shoppers diverted from their travel and restaurant budgets. Jewelry purchases jumped 24% compared to...Read More
RAPAPORT... US President Joe Biden has issued an executive order prohibiting the import of "nonindustrial" diamonds originating in Russia.The measures, which the White House announced on Friday, follow Russia's continued war in Ukraine and build on earlier US sanctions outlawing debt and equity transactions with Alrosa and its CEO, Sergey Ivanov. Those previous rulings did not constitute an o...Read More
(IDEX Online) - India's polished diamond sales are set to plunge by more than a quarter, say the ratings analysts CRISIL."If the trade disruption is protracted, next quarter's sales will be down by 25 to 30 per cent, shaving off about $2bn to 2.5bn," said its director, Rahul Guha, speaking before Friday's announcement of sanctions by the US government on the purchase of rough diamon...Read More
(IDEX Online) - Nothing Lasts Forever, the new documentary that claims to lift the lid on the "highly secretive" diamond industry, premiered yesterday on the US network Showtime.The trailer opens with a provocative observation about lag growns: "People want diamonds because they've been told to. None of them are really worth anything and, surprise, your big diamond might be fake!"Jason Kohn s...Read More
(IDEX Online) - The US has imposed sanctions on gem quality diamonds from Russia, which accounts for almost 30 per cent of global rough supply.President Joe Biden (pictured) issued an executive order on Friday banning the import of "non-industrial diamonds", along with vodka, caviar and other luxury goods."As Putin continues his merciless assault, the United States and our allies and partner...Read More
A couple months ago I was sitting in a room with a whole bunch of my peers, talking about the future. We were talking about yearly predictions, or at least what could be in store in the near future.I couldn't have been more wrong.Like so many, I discounted the idea of a European war. I also doubted that anyone would mess with their "bread and butter." Rich getting richer, moving past one of the m...Read More
Share this article TORONTO - Rio Tinto Rio Tinto Plc [RIO-NYSE] said Monday it has made a non-binding proposal to acquire the 49% stake in Turquoise Hill Resources Ltd. [TRQ-TSX] it does not already own for US$2.7 billion.Under the all-cash proposal, Turquoise Hill minority shareholders would receive $34 per share, an amount that represents a 32% premium on the last closing price of the shares on...Read More
I didn't think it would arrive so soon, but unpredictability seems to be the only thing we can count on nowadays. This might be the biggest year for electric vehicles on record. The whiplash-inducing swings we've seen from the oil market have a lot of drivers reconsidering their addiction to gasoline. But like I've mentioned before, the world isn't quite ready for that. That's where Putin comes...Read More
We spoke with Tony Schreck, who is the Managing Director of Pacgold. Pacgold Limited (ASX: PGO) is a gold exploration Company, focused on progressing its key asset, the 100% owned Alice River Gold Project, in North Queensland, at the northern end of the Northeast Queensland Mineral Province. This gold-rich Province contains several multi-million-oz gold deposits. There are several past producing g...Read More
Face The Nation, Released on 3/13/22Mohamed El-Erian, the chief economic adviser for Allianz, says the Federal Reserve can either raise interest rates and risk a recession, or allow inflation to continue to rise.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment fi...Read More
What Bitcoin Did, Released on 3/14/2200:00:00 Introduction00:05:21 Sanctions on Russia: impacts, mitigation, and results00:12:04 'Nobody wins', Russia insolvent?00:20:01 Global impacts: China, global food security, and oil00:31:04 Impacts on inflation00:42:05 Wider economic risks00:47:59 Individuals, companies, and nations preparing for a new economic realityLyn Alden is the founder of Lyn Alden I...Read More
The LaRouche Organization, Released on 3/14/22The inevitable is finally here. The global financial system is in a terminal phase of collapse, as the burden of debt far exceeds the ability of hollowed-out economies to service it. The question is, Who will pay the price - the oligarchs whose policies caused this, or the average person, who is being told to sacrifice, so the debt can be sustained on...Read More