Otavio (Tavi) Costa - Twitter, Released on 5/7/22Despite the bloodbath in overall equities, energy stocks continue to move higher.The disconnect from other sectors has never been more pronounced. "The Great Rotation" is now in progress. pic.twitter.com/MR62h4shNo- Otavio (Tavi) Costa (@TaviCosta) May 8, 2022 Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the fir...Read More
Erich Hartman - Twitter, Released on 5/5/22Absolute and total ass covering bullshit from Bill Gates. We KNEW the IFR from COVID was low, and we KNEW it targeted the elderly in early Spring 2020. We cannot let these people pretend like this is new. They broke the world, and must be held accountable. pic.twitter.com/dansp5Db1d- Erich Hartmann (@erichhartmann) May 6, 2022 Bill Gates lies through his...Read More
Clown World Today, Released on 5/7/22??????OE? so what were the sanctions for? pic.twitter.com/MfRF2SHsy3- Clown World Today ??????OE? (@cwt_news) May 7, 2022 Germany pays 116 million euros to Russia every day - more than before the war added by Herman James on 05/08/2022View all posts by Herman James ?+'Read More
Kitco, Released on 5/6/22The gold price tested support at $1850 on Tuesday.Continue... Gold holding key support during panic selling event in stocks added by Herman James on 05/08/2022View all posts by Herman James ?+'Read More
Barron's, Released on 5/8/22Raiders killed at least 35 people including a baby in an attack on aContinue... Dozens Killed In Raid On DR Congo Gold Mine added by Herman James on 05/08/2022View all posts by Herman James ?+'Read More
RAPAPORT... Mountain Province's sales and earnings jumped in the first quarter as the Canadian miner benefited from growth in rough prices.Revenue rose 56% year on year to CAD 84.7 million ($65.7 million) for the three months, the company reported last week. Net profit more than tripled to CAD 24.3 million ($18.9 million) from CAD 7.3 million ($5.7 million) a year earlier. The average selling...Read More
RAPAPORT... Lucara Diamond Corp.'s revenue and profit soared in the first quarter of 2022 amid the sale of higher-value goods and increased income from its supply deal with Belgian manufacturer HB Antwerp.Revenue climbed 28% to $68.2 million for the period ending March 31, the miner reported last week. Net profit surged to $19 million, compared with $3.4 million a year earlier."Lucara begins the y...Read More
RAPAPORT... De Beers has expanded its Tracr blockchain platform to track all of its diamonds through to retail.The program will "underpin confidence in natural diamonds" and is a first step in enhancing standards in the industry, De Beers CEO Bruce Cleaver said Thursday.By deploying the platform "at scale," De Beers will be able to provide provenance information from the mine to the sigh...Read More
(IDEX Online) - Diamond sanctions are beginning to bite in India, as US buyers demand guarantees that polished stones were not mined in Russia, according to news reports.The US outlawed rough, gem-quality diamonds shortly after the invasion of Ukraine in February, but the ban does not cover stones that are "substantially transformed" - namely cut and polished - elsewhere.However, manufacturers in...Read More
RAPAPORT... Hong Kong's hard-luxury sales plunged further in March as the government tightened its restrictions in response to a Covid-19 resurgence.Revenue from jewelry, watches, clocks and valuable gifts fell 37% year on year to HKD 1.89 billion ($240.3 million) for the month, the municipality's Census and Statistics Department reported last week. The decline is sharper than February's 34% decre...Read More
RAPAPORT... US jewelry sales rose in April amid consumer excitement to return to in-store shopping, according to Mastercard SpendingPulse.Revenue for the category climbed 33% year on year during the month, Mastercard reported last week. That figure is up from March's 12% year-on-year increase. The segment also benefited from consumers refreshing their wardrobe for summer travel. Jewelry purchases...Read More
(IDEX Online) - Jewelry salespeople in the US are being urged to take extra care, after one was stabbed and two others were targeted by criminals within a week.The Jewelers' Security Alliance (JSA) says it's important to check nobody's following your vehicle, and to take "evasive driving techniques" if necessary.A traveling salesperson was stabbed twice after four males smashe...Read More
0(IDEX Online) - India's economy could take 12 year to recover from COVID-19 losses, says the Reserve Bank of India (RBI).The country sustained losses of $24.8bn during 2020-21, as a direct result of the pandemic, it said. The figure for 2021-22 is estimated at $22.22bn and for 2022-23 it is $21.3bn.India's gold and diamond trade contributed 7.5 per cent of the country's GDP last ye...Read More
In an interview with Kitco earlier this week, John LaForge, head of real asset strategy for Wells Fargo Investment Institute, called gold's price movement over the past year and a half "the most confusing of all the commodities."And he's absolutely right.It might seem a bit discrediting for a financial analyst to admit that they're confused about a market. But there isn't an investor worth his sal...Read More
Last week Anglo Amewrican's nuGen haul truck began work at the Mogalakwena PGM mine in Limpopo province, South Africa.Read More
Share this articleVANCOUVER - Imperial Metals Corp. (III-TSX) is working to reopen its Mount Polley mine in British Columbia. The company said it is targeting the start of milling operations in the second quarter of 2022.Details of the reopening plan are revealed in the company's first quarter 2022 financial results which were released after the close of trading on May 6, 2022.Imperial's principal...Read More
America's worst nuclear accident on record occurred at 4:00 a.m. on March 28, 1979. Deep within the labyrinth of piping and control mechanisms, a single malfunctioning valve failed to close - without notifying the control room. Thinking everything was fine, operators carried on as usual. By the time shrieking alarm bells warned of rising core temperatures, it was already too late. The reactor s...Read More
CNBC, Released on 5/6/22David Rosenberg, Rosenberg Research president, chief economist and strategist, joins 'Power Lunch' to discuss what he thinks about April's jobs report, how the markets will react to ongoing news from the Federal Reserve and more. David Rosenberg is the chief economist & strategist of Rosenberg Research & Associates, an economic consulting firm he established in January 2020...Read More
Sprott Money, Released on 5/9/22The dollar is up, and silver is way down since Easter. And the stock market? Yikes. Host Craig Hemke and analyst Chris Vermeulen of the Technical Traders break down all the charts you need to navigate the coming bear market.Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized tec...Read More
Stansberry Research, Released on 5/9/22The Chinese government, "cannot control the [resurgence] in Covid-19 because it's spreading very fast," explains Gordon Chang, author of The Coming Collapse of China and The Great U.S.-China Tech War. This new variant is, "traveling at will and Beijing does not know what to do," he tells our Daniela Cambone. "Xi Jinping wants that third term," and that alone...Read More