(IDEX Online) - Signet Jewelers yesterday (5 December) announced a 12 per cent drop in Q3 revenue to $1.4bn, in line with its expectations.Bridal, which has historically accounted for almost half of Signet's sales is still suffering the post-Covid lag, but the company is forecasting Q4 sales of $2.4bn to $2.6bn as holiday spending drives up revenue.In Q2 the company - which numbers Kay...Read More
(IDEX Online) - A jeweler from Denver, Colorado has been shot dead in what is understood to be the US's first industry homicide this year.Peter Damian Arguello was found deceased at his store, Peter Damian Fine Jewelry & Antiques, in Wheat Ridge, after what police say was a "possible armed robbery" on Wednesday 29 November.Officers found a red Chevy Silverado pickup truck, believed to be...Read More
(IDEX Online) - After eight months of consecutive decline, US watch and jewelry sales came within a whisker of positive growth in October.Year-on-year change for the month was -0.7 per cent, according to the latest Department of Commerce figures. That's the most encouraging performance since an increase of 2.2 per cent in February. Every other month since October 2022 has seen a contraction i...Read More
Do you own a 401(k) retirement account? Do you own an Individual Retirement Account (IRA)?Gobs of Americans own either or both oftentimes both.Let us assume you are among them.How well have these retirement accounts done you these past 2 1/2 years?How much have they expanded your wealth?Here we refer not to nominal wealth but to "real wealth."That is, nominal wealth subtracted by the inflation...Read More
Barry Dawes of Martin Place Securities shares an overview of Tolu Mineral Resources to explain why he believes this is a company worth looking into.Tolu Mineral Resources is being upgraded. Tolukuma has been a high-grade (>20g/t mine grade ) mine, with an access road upgrade and construction underway. They seem to be seeking to emulate K92 Mining's 18moz success in Papa New Guinea. Tolu Minerals i...Read More
Recently, Blackwolf Copper and Gold announced positive drill results from its newly acquired high-grade Harry gold-silver property in British Columbia, noted Couloir Capital.Blackwolf Copper & Gold Ltd. (BWCG:TSX.V) announced additional positive drill results from its newly acquired high-grade Harry gold-silver property in British Columbia's prolific Golden Triangle region, noted Couloir Capital i...Read More
Michael Ballanger of GGM Advisory Inc. shares with his readers why he believes they should Buy Norseman Silver Inc. stock right away.Last August, I informed all subscribers that I was looking at Norseman Silver Inc. (NOC:TSX.V; NOCSF:OTCQB) due to my belief that they were about to embark in another direction. I recommended the shares when they were under CA$0.05 and, in fact, bought a big block ac...Read More
LONDON, 5 December 2023 - Comment from BullionVault features today in Swiss newspaper Blick, reporting on how the rising price of gold has spurred heavy profit-taking among private investors."Coin shops are flooded with customer sales," says the report, quoting BullionVault, "[whose] customers have sold 2.5 times as much gold as they bought in the last seven days."But just because the price of gol...Read More
LONDON, 5 December 2023 - Comment and data from BullionVault feature today in national German newspaper FAZ, reporting on yesterday's spike in gold prices."New all-time highs were reached in terms of all major currencies with the exception of the Swiss Franc," says FAZ, quoting BullionVault."However, if you take into account the loss of purchasing power of the Dollar over the years, gold has been...Read More
LONDON, 4 December 2023 - Comment and data from BullionVault feature today in the latest gold-price report from leading US financial news-site MarketWatch."Record-high gold prices, combined with the highest interest rates on cash since before the global financial crisis, has led to heavy profit-taking among existing gold investors," says the report, quoting BullionVault.Read the full story, widely...Read More
LONDON, 4 December 2023 - Advice from BullionVault on what to consider when investing in gold is quoted today by Bloomberg, the world-leading news and data service for finance professionals.Reviewing the different ways that you can buy gold or gain exposure to its price, "Those who buy gold in the form of [small] bars, coins or jewelry may...pay premiums over the spot price that cannot always be r...Read More
LONDON, 29 November 2023 - Data from BullionVault shows that over the 3 years since the Covid Crisis began, women have chosen to invest in gold at a faster pace than men, says German personal finance website Das Investment today."In times of crisis," says the report, "people increasingly rely on precious metals, with gold in particular being the focus."This trend is now increasingly evident among...Read More
(IDEX Online) - The G7 nations finally announced sanctions on Russian diamonds yesterday (6 December) as part of a series of new measures aimed at restricting funds for its war against Ukraine."We will introduce import restrictions on non-industrial diamonds, mined, processed, or produced in Russia, by January 1, 2024, followed by further phased restrictions on the import of Russian diamonds proce...Read More
(IDEX Online) - Prices of rough rubies have more than doubled in the last two years, said Gemfields as it announced results of its latest sealed-bid auctions.The UK-based colored gems miner achieved an average $290 per carat earlier this month, compared to $132 in December 2021.Gemfields sold all 97 lots of mixed-quality rough rubies from the Montepuez mine, in Mozambique, in a series of seven onl...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:30 AM EST.GameStop dropped $0.41 to $14.43 after reporting less than consensus third quarter revenues. Chewy fell $1.76 to $17.59 after reporting a third quarter loss. Braze advanced $6.88 to $63.00 after reporting higher than consensus third quarter revenues. Cerevel Theropeutics jumped $5.76 to $42.69 a...Read More
The United States economy is enduring a phenomenon not witnessed since 1933 during the hellsent deeps of the Great Depression.Is it a frightful omen of lean times... a straw swaying in the wind... a looming menace?We do not know. Yet we hazard it rates an inquiry.An inquiry, incidentally, the mainstream financial press will not afford it.What is it? Answer anon.Let us first direct our gaze brief...Read More
This week, I wrote a piece for the Rude Awakening titled "Back to the Caves, Peasants!"In it, I quoted Michael Shellenberger, author of Apocalypse Never. He recently gave an interview with Tucker Carlson in which he derided those who would attack the four pillars of civilization.“We know that the pillars of civilization are cheap energy, meritocracy, law and order, and free speech, and all f...Read More
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