By: Stefan GleasonMore than a decade after the 2008 financial crisis, U.S. monetary policy continues to operate in crisis management mode.Despite a long, drawn out rate-hiking campaign - now paused - the Federal Reserve has yet to bring its benchmark interest rate up to normal levels historically.It has yet to unwind the vast majority of the nearly $4 trillion in emergency asset purchases added...Read More
1. The biggest driver of major markets right now is the possibility of a US-China trade deal.2. On that note, please click here now. The US government's wild launch of tariff taxes caused global markets to swoon in the first half of 2018. Gold and the Chinese stock market were hurt more than a lot of other markets.3. Gold has done well with QE, QT, falling rates, and rising...Read More
By: Dave KranzlerI don't know if it was the intent of the Fed, but Jerome Powell has managed to trigger a rush into stocks more frenzied than the one that engulfed the last days of the dot.com/techbubble. The vertical ascent since Christmas in the Dow/SPX is unprecedented on a percentage basis over an 8-week period of time. All sense of logic, sound analysis and fear of risk has disappeared. I d...Read More
Dear Friend of GATA and Gold:Financial letter writer Mark Hulbert never offers a good word about gold, which is fine, but then never offers a relevant one either. This practice has turned him into a mere propagandist.In his essay today at MarketWatch, headlined "Why Gold Won't Save Your Portfolio from Inflation's Bite" --https://www.marketwatch.com/story/why-gold-wont-save-your-portfolio-from......Read More
In my last article, "The Bears Have it Right: Economy went Polar Opposite of Bullish Predictions," I laid out my first prediction for 2019 a recession by summer. I don't want the following revelations and facts that I have since come across to get lost in comments I recently posted to that article, so I'm bringing them all together here.How bad was 2018?The Wall Street Journal just said it wa...Read More
Gold Resource Corporation (NYSE American: GORO) (the "Company") updated its annual reserve estimates as of December 31, 2018, increasing its proven and probable reserve tonnes at both its Oaxaca Mining Unit and Nevada Mining Unit by a combined total of 18% gold ounces and 14% silver ounces. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oa...Read More
By: IRA EPSTEINGold Price action consolidating in narrowing ranges. 18 day average is key (~1322.70$)Read More
The recent plunge in Heinz-Kraft shares reminds us that even Warren Buffett can make a mistake. A couple of years ago, it might have seemed as though the Sage's portfolio was impervious to downturns, given its heavy focus on the basics: food chain, railroads and insurance companies. As it happens, his bet on such time-tested brands as Oscar Mayer, Jell-o, Kraft Singles, Kool Whip and Cheez-Whiz...Read More
The correction in industrial metals was a case of "buy the rumour and sell the fact". The rumour was a trade deal between USA-China. Now that the trade deal is more or less a done deal, there was profit booking. There can be more corrections in industrial metals and thereafter a period of consolidation. The next big move will be next week around the release of various US jobs numbers. Once detai...Read More
TraderStef shares interesting history about the Mint, and she also explains the factors causing the current shortage of American Silver Eagle bullion coins...by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef's website) Imagine if the U.S. Mint temporarily or permanently closed the doors of one of its remaining branches due to unexpected circumstances, rather t...Read More
RAPAPORT... The Swiss Gemmological Institute (SSEF) has launched aservice for linking polished gemstones to their original rough, it saidTuesday. GemTrack creates a fingerprint that documents the stone'sjourney from mine to market, based on analyses of the stone's crystallographic,structural, chemical and microscopic features. "Given the growing demand for provenance and traceability inour i...Read More
RAPAPORT... The Women's Jewelry Association (WJA) has appointedJacqueline Cassaway, the vice president of merchandising for Starboard CruiseServices, as president-elect. Jenny Luker will remain president and Sara Yood will continue as treasurer.Corporate secretary Rebecca Moskal, vice president of chapter affairs LaurenThompson and past president Brandee Dallow will also stay in their roles....Read More
RAPAPORT... De Beers will combine its mining ventures in South Africaand Canada to streamline operational management and increase sustainability, itsaid Monday. The new business, De Beers Group Managed Operations, willoversee the Venetia and Gahcho Ku?(C) mines, as well as the De Beers Marineproject. The consolidation comes after the closure of the Snap Lake andVoorspoed deposits, as well as...Read More
RAPAPORT... De Beers claims it doesn't need to disclose treatments to its lab-grown diamonds, placing itself at odds with many synthetics traders pushing for full transparency in the sector.The company's synthetics brand, Lightbox, applies post-growth enhancements to its colored lab-grown diamonds, it confirmed with Rapaport News. However, it doesn't need to tell consumers, because...Read More
The Swiss Gemmological Institute SSEF has announced the launch today of GemTrack?,,?, a new service providing expert scientific opinion linking a cut gemstone to the rough stone from which it originated, thus enabling gemmologically the documentation of part of the stone's journey from mine to market. The GemTrack?,,? service involves the combination of crystallographic, structural, chemical...Read More
The company sold 121 rough diamonds with total weight of 1,950 carats. Firms from UAE, India, Belgium, Israel, Hong Kong, Russia and the USA participated in the auction, and 31 firms were recognized as winners in different positions. "ALROSA and Dubai have a longstanding partnership. Since 2014, we have been cooperating with the Dubai Diamond Exchange on industry issues; we have our trading compan...Read More
Business Insider reported that four US retail chains have filed for bankruptcy. They are Payless Shoesource, Charlotte Russe, Gymboree and FullBeauty Brands . "As the US retail industry emerges from one of its worst multi-year default cycles yet, companies are getting ready for a second, though less virulent round among smaller, weaker names," Business Insider quoted a report by Moody's Inves...Read More
The new WJA board members include: Kristyn Beausoleil, national director of partner development, Forevermark; Susan Chandler, chief merchandising officer, Citizen Watch America; Morgan Miller, account executive, Couture Show; Tina Olm, director enterprise business development, Jewelers Mutual Insurance Group; Jacqueline Raffi, vice president of business development (retail and national accounts),...Read More
ALROSA currently has a small market share in the USA. It counts Signet and Tifffany's among its rough diamond clients, but now the firm is aiming at boosting its polioshed sales in what is still the biggest diamond market in the world. In an exclusive interview with Yahoo Finance UK, Rebecca Foerster, the newly appointed head of ALROSA's US operations, said she "doesn't believe the negative headl...Read More
Endomines' golden opportunities to growSPONSOREDendominesThe company intersected high-grade mineralisation including zinc-rich massive sulphides and gold with drilling highlights including 35.6m grading 5.21% zinc, 0.33% copper, 1.37g/t gold and 15.7g/t silver.CEO Alan Hair said the discovery of the new zones within close proximity to the company's existing infrastructure and at shallow depth...Read More