Tesla Inc Chief Executive Elon Musk personally owes $507 million to Wall Street banks involved in Tesla's stock and debt saleContinue...Read More
China has expanded its domestic debt to fund its growth, much of which qualifies as malinvestment, creating financial vulnerabilities its government is anxious to mask.Continue...Read More
Several weeks ago we wrote about the downside risk in the gold stocks. After the various gold stock indices Continue...Read More
Bob Moriarty of 321 Gold profiles a young company that he sees as a pure call on the price of platinum and palladium. In mid-April Generation Mining Ltd. (GENM:CSE; GENMF:OTCQB) signed a Letter of Intent (LOI) with Sibanye-Stillwater (SBGL-NYSE ADRs) to obtain up to 80% of the Marathon PGM project near Marathon, Ontario. At the end of 2017 Sibanye reported resources of 730 million pounds of coppe...Read More
I was going through some old long term charts I haven’t posted in many years to see if there was anything of interest to post tonight. With long term charts things don’t change very fast and the big picture can stay viable for years. I have literally hundreds of charts for the different PM stock indexes that I’ve built through the years that are tucked away in different chart lis...Read More
May 3rd, 2019(S14-E694)Featured GuestsDr. Seth Shostak Ph.D.& Bob HoyePlease Listen HereInterview RecapDr. Seth Shostak Ph.D, lead Astronomer and Astrophysicist at SETI, makes his Goldseek.com Radio debut. Dr. Shostak has a weekly broadcast where he discusses need to send NASA probes throughout the solar system for signs of life. The signalhunters team has rendered several thousand images o...Read More
By: David Chapman "Sell in May, and go away." old stock market adage "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies." Warren Buffett, CEO, Berkshire Hathaway; investor and philanthropist, b. 1930 "Wall Street's graveyards are filled with men who were right too soon." William Peter Hamilton, editor, The Wall Street J...Read More
By: Stefan GleasonThe roller coaster presidency of Donald Trump is currently riding high as the stock market races back up to new highs, economic data come in better than expected, and Congressional Democrats' endless investigations come up empty handed.Trump's approval rating recently hit 50% at the same time as CNN's ratings are tanking.Over the weekend, President Trump sent CNN and the rest o...Read More
Dear Friend of GATA and Gold:Gold investors, Kitco News market analyst Jim Wyckoff writes today, "are scratching their heads and wondering why their metal has not reacted more positively to unsettling developments on the geopolitical front":https://www.kitco.com/news/2019-05-06/Gold-Bulls-Perplexed-Safe-Haven-Me...Maybe some gold investors share Wyckoff's supposed puzzlement, but not all. In a...Read More
By: Keith WeinerOver the past several weeks, we have debunked the idea that purchasing power i.e. what a dollar can buy is intrinsic to the currency itself. We have discussed a large non-monetary force that drives up prices. Governments at every level force producers to add useless ingredients, via regulation, taxation, labor law, environmentalism, etc. These are ingredients that the consumer...Read More
StrengthsThe best performing precious metal this week was gold, after closing out the week on a strong uptick on Friday. Gold traders were split this week on the yellow metal as it headed for another down week, according to the weekly Bloomberg survey of traders and analysts. However, gold futures rose on Fr...Read More
By: Chris MartensonIn the song Sixteen Tons by Merle Travis (and made famous by Tennessee Ernie Ford), the idea of the 'company store' referred to a system of debt bondage that effectively trapped workers within an unfair system designed to harvest all of their labor at very low cost.You load sixteen tons, what do you get?Another day older and deeper in debtSaint Peter don't you call me 'cause...Read More
Fever took hold of the stock market as the week ended, stoked by the best unemployment numbers in half a century. Two days earlier, shares had fallen sharply as investors registered their disappointment in the Fed's latest pronouncement. Obfuscator-in-chief Powell had said the central bank would hold steady and that the economy seemed in fine shape. But the markets reacted as though they were ho...Read More
For the First Time Ever, in partnership with the British Royal Mint, SD Bullion is Giving Away a FREE 2019 Britannia Silver Coin, Direct From The Mint.The popular buy 24, get 1 Free Coin offer is back!In the past, SD Bullion has partnered with the Austrian and Perth Mints on similar offers. These free silver coin offers have become wildly popular and loved by silver bullion investors.As with all f...Read More
RAPAPORT... India's polished exports dropped 8% year on year to $1.86 billion inMarch, reflecting continued weakness in the diamond market. Lower volumes outweighed a rise in the average price, according to data the Gem &Jewellery Export Promotion Council (GJEPC) released recently. Rough importsalso fell, as demand from manufacturers slowed due to a tightening of credit in thesector.India...Read More
RAPAPORT... Mountain Province has added three industry veterans to itsboard, including William Lamb, the former head of Lucara Diamond Corp., it saidMonday. Lamb has more than 25 years of experience in miningoperations and project development. He served as CEO of Lucara for seven years,prior to his retirement in 2018. Tom Peregoodoff, the CEO of gold and copperexploration company Kaizen Disco...Read More
RAPAPORT... The French Gemmological Laboratory (LFG) is the oldest ofits kind in the world. Founded in 1929, it came into being after the arrival ofcultured pearls on the market prompted more than 300 pearl dealers from Paris's9th arrondissement to call for a way to differentiate them from natural pearls.The French government managed the lab from 1936 until 2010, when it was sold tothe French Unio...Read More
RAPAPORT... The "5Cs and 2Ts" isn't as catchy as the usual formula, but it might be a better pricing method, according to the author of a diamond-trade guide that claims the 4Cs are no longer adequate."One of the biggest misconceptions is that there are onlyfour diamond price factors - color, clarity, cut and carat weight," Ren?(C)eNewman, a graduate gemologist who last year published the third ed...Read More
ABC News reported that, despite the faster pace of economic growth, the retail sector had shed 49,100 jobs in the past 12 months. But the National Retail Federation seems to disagree. "Retail job losses appear to reflect broader changes in the economy as more Americans have shifted their spending online and stores close after decades of overexpansion. But the government figures don't tel...Read More
Mountain Province Diamonds (MPVD) announced upcoming changes to its board of directors. One new board member is William Lamb, the former Chief Executive Officer of Lucara Diamond Corp. In addition to Lamb, two new directors, Tom Peregoodoff and Brett Desmond will be joining the board pursuant to election. MPVD Chair Jonathan Comerford commented: "We are very pleased to welcome Tom, William, and Br...Read More