July 26th, 2019(S14-E706)Featured GuestsMary Joyce& John ScurciPlease Listen HereInterview RecapMary Joyce worked for two major metropolitan area newspapers as a writer, columnist, artist.The discussion begins with her work at WCU, with a local and respected individual.The tunnels included tiny skeletons, approximately 3 feet in height of full-grown humanoids.Chris notes his research in the s...Read More
Silver has blastedhigher in the last couple weeks, far outperforming gold. This is certainly noteworthy, as silver hasstunk up the precious-metals joint for years. This deeply-out-of-favor metal may be embarking on a sea-change sentimentshift, finally returning to amplifying gold’s upside. Silver is not only radically undervaluedrelative to gold, but investors are aggressive...Read More
In the spring of 2018 Tesla came out with a bold prediction: bringing the amount of cobalt used in their Model 3 battery cells down to zero. “Cells used in Model 3 are the highest energy density cells used in any electric vehicle. We have achieved this by significantly reducing cobalt content per battery pack while increasing nickel content and still maintaining superior thermal stabil...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 26 that are worth another look.A former employee is suing Gerald Metals, Gerald Holdings and the chief executive officer of both companies for alleged fraud, negligent supervision and infliction of emotional distress related to their cobalt activities in the Democratic Republic of Congo, according to court documents filed in...Read More
July 26th, 2019(S14-E706)Featured GuestsMary Joyce& John ScurciPlease Listen HereInterview RecapMary Joyce worked for two major metropolitan area newspapers as a writer, columnist, artist.The discussion begins with her work at WCU, with a local and respected individual.The tunnels included tiny skeletons, approximately 3 feet in height of full-grown humanoids.Chris notes his research in the s...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 26 that are worth another look.A former employee is suing Gerald Metals, Gerald Holdings and the chief executive officer of both companies for alleged fraud, negligent supervision and infliction of emotional distress related to their cobalt activities in the Democratic Republic of Congo, according to court documents filed in...Read More
RAPAPORT... De Beers loosened its purchasing requirements for roughbuyers at last week's sight in an effort to ease the oversupply affecting the diamond market.Sightholders have struggled to reduce their inventories due to an imbalance of stocks and weak polished demand. To tackle the problem, De Beers allowed its customers todefer purchases from the July sight to other sales later this year, aspo...Read More
RAPAPORT... Gemological Science International (GSI) is opening its second testing center in New York dedicated to identifying undisclosed lab-grown diamonds. The 4,200-square-foot facility on Fifth Avenue will be used to spot synthetics in loose-stone parcels and jewelry, GSI saidlast week. It will enable the institute to broaden the services it currentlyoffers at the screening center it laun...Read More
RAPAPORT... Consumers prefer to shop in-store, and spend more on jewelrywhen buying in brick-and-mortar than when purchasing online, a study by Citibank's Citi Retail Services found. "As jewelry is such a personal item, buying in-store largelyprovides consumers with the confidence that comes after physically viewing andhandling a product," Leslie McNamara, chief marketing officer and head ofw...Read More
Rio Tinto's planned closure of the Argyle mine in 2021 is set to reduce Australia's rough diamond output by 99 percent, GlobalData anticipates. The mining output will decline to just 137,000 carats from the current level of 14.2 million carats. GlobalData reported that Australia's supply of rough diamonds has relied entirely on Argyle after the suspension of the Ellendale mine in 20...Read More
RAPAPORT... Kering, the owner of high-fashion houses Gucci and YvesSaint Laurent, reported solid growth in its jewelry and watch divisions in thefirst half of 2019, driven by increased sales in Asia Pacific and westernEurope. Revenue from houses other than Gucci, Yves Saint Laurent and Bottega Veneta jumped 20% to EUR 1.23 billion ($1.37 billion). The category includes jewelry and watch brand...Read More
Diamond mining giant Namdeb, owned 50/50 by the Namibian government and De Beers Group has signed a historic three-year substantive wage agreement with the Mineworkers Union of Namibia (MUN) that unlocks new opportunities for the parties and the town of Oranjemund. The agreement signed by Namdeb CEO Riaan Burger and MUN branch chairperson Shavuka Mbidhi on Friday will enable Namdeb employees to pu...Read More
Fitsch Solutions. a risk management agency, reported that Endiama, Angola's state-owned diamond mining company, will be privatized, with a portion of its capital to be sold on the country's growing stock exchange, the BODIVA. Fitsch reported that in May 2019, President Lourenco had presented a plan to create a National Solid Mineral Resources Agency in 2020 that will replace Endiama as...Read More
Berenberg downgraded Petra Diamonds Ltd as it is concerned that the miner to will need an equity financing soon. The bank, which had upgraded Petra in April, as planned deleveraging was expected to drive an equity re-rating, cut its rating back to 'sell. Petra's latest quarterly statement and guidance for 2020 highlighted that deleveraging "would be slower than we had anticipated". Furt...Read More
Scientists have discovered a pair of white dwarfs that might one day produce a major gravitational wave discovery, according to a new paper.Read full newsRead More
Gold miner Newcrest Mining Ltd said on Thursday its gold output rose 4.2% in the...Read full newsRead More
Scientists have discovered a pair of white dwarfs that might one day produce a major gravitational wave discovery, according to a new paper.Read full newsRead More
Silver has blasted higher in the last couple weeks, far outperforming gold. This is certainly noteworthy, as silver has stunk up the precious-metals joint for years. This deeply-out-of-favor metal may be embarking on a sea-change sentiment shift, finally returning to amplifying gold's upside. Silver is not only radically undervalued relative to gold, but investors are aggressively buying. Silver's...Read More
"The world is a book and those who do not travel read only one page." - St. AugustineOne day, many years ago, I decided I needed to do something drastic... I was a few years into writing The Crow's Nest, but I had not nailed any massive stocks. I had some success, for sure...Read More
I once heard a very good investor say: "Be very careful taking advice from anyone that hasn't successfully navigated a meaningful amount of capital through a bear market."We haven't been through one of those in almost 11 years. I've been at this desk for over 12 years. My introduction to this space was the worst financial crisis and stock crash since the Great Depression. I saw what led up to it...Read More