A trillion here, a trillion there, just keep printing money and we can spend our way out of any problem. Well... not so fast!David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic,...Read More
Millions of Americans face food and housing insecurity this holiday season. The unemployment rate stands around 6.9%, with more than ten million folks still out of work. Permanent job loss Continue...Read More
What if all of the assumptions that people are making about this COVID pandemic are completely wrong? When Pfizer announced that they had developed a successful Continue...Read More
While the brick and mortar retail "apocalypse" was already a problem for the US economy ahead of the virus pandemic thanks to the destructive forces of Amazon and the e-commerce boom, the pandemic Continue...Read More
Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.The price for pig iron exports from Brazil went up again during the week to November 20 on strong demand in both the export and domestic markets.After much anticipation...Read More
Our advanced Adaptive Dynamic Learning (ADL) modeling system is showing some interesting future trends for both Gold and Silver. The rally in precious metals has really just started if our ADL system is accurately predicting future price trends.Over the past two years, we’ve highlighted a number of ADL research posts that have proven to be incredibly insightful regarding future market price...Read More
Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.The price for pig iron exports from Brazil went up again during the week to November 20 on strong demand in both the export and domestic markets.After much anticipation...Read More
Here are five Fastmarkets stories you might have missed on Friday November 20 that are worth another look.The price for pig iron exports from Brazil went up again during the week to November 20 on strong demand in both the export and domestic markets.After much anticipation...Read More
News that every single ounce of silver production is being aggressively competed for is an extremely bullish driver for silver. Here are the details...Samuel Briggs via KinesisAndrew Maguire shares word that Standard Chartered bank is competing aggressively with JP Morgan for physical silver.3 fresh bullish drivers for silver. The sweet spots for gold and silver ahead of next week's options expir...Read More
RAPAPORT... The US recorded its 18th consecutive monthly drop in polished-diamond imports as the coronavirus pandemic continued to affect trading. Shipments fell 10% year on year to $1.34 billion in September - the gentlest decline since March, according to data from the US Commerce Department. The category hasn't seen an increase since April 2019.US Trade Data for September 2020 Read More
RAPAPORT... Israel's polished-diamond exports fell 37% year on year to $1.9 billion in the first 10 months of 2020, according to figures the government released last week.The decline, which reflects the impact of the pandemic, eased slightly in August when the global diamond market picked up, with polished exports for that month down 3% year on year. However, orders slipped 10% in September a...Read More
RAPAPORT... Jewelry was one of the top-selling categories at Macy's during the third fiscal quarter, even as overall sales declined at the department-store chain.Group revenue dropped 23% to $3.99 billion in the three months ending October 31, while comparable-store sales - at owned and licensed shops open for at least a year - fell 20%, the retailer reported last week. However, sales rose at the...Read More
RAPAPORT... Luk Fook has projected a sharp fall in revenue and profit for the first half of the fiscal year amid a resurgence in the coronavirus in the second quarter and its economic impact.Revenue declined 50% year on year during the April-to-September period, while profit decreased 40%, the Hong Kong jeweler said. However, those figures are better than the company had expected given the rise in...Read More
(IDEX Online) - Luxury spending will fall by almost a quarter this year as coronavirus sees the sector contracting for the first time in over a decade.Management consultants Bain & Co predict a 23 per cent drop in 2020, down by $257bn. Sales had been increasing year on year since 2009.They say the industry is "on a path to recovery by 2022-2023".Jewelry has seen sustained demand in Asia, and a...Read More
(IDEX Online) - The Namibian government is to waive a royalty charged to Namdeb, the diamond venture it runs jointly with De Beers.The company says it needs to invest more heavily in marine explorations - which already account for three quarters of its production - as land deposits run out, but can't afford to do so.It pays a 10 per cent royalty on diamond sales and 55 per cent corporate tax...Read More
(IDEX Online) - Jennifer Lopez became the latest showbiz icon to wear Forevermark diamonds as she was honored at The People's Choice Awards Los Angeles.The singer/actress sported just over 36 carats of Rahaminov Asscher diamonds set in a pair of platinum drop earrings, and a Black Label square diamond bangle set in 18k white gold (2.25 ctw).J.Lo, 51, (pictured) accepted an award for Peop...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Candelaria was suspended a month ago after the AOS Union's 550 workers at the operation joined the Candelaria Mine Workers Union in strike action after talks broke down.Lundin said the AOS Union had accepted the last formal offer which was presented by Candelaria on November 12.Scoped for growth: Nevada Copper...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The Montanore mine would potentially impact multiple streams designated as high-quality waters under Montana law with any release of copper, zinc, chromium, iron, manganese, ammonia, sediment and other pollutants harmful or toxic to aquatic life.While Hecla claimed the mine would use state-of-the-art technology...Read More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More