More than 10 schools in Southern China are making students wear cutting-edge "smart uniforms." The students' jackets have embedded microchips which will sound an alarm of the students skip class or fall asleep during a lecture. Facial recognition software keeps the students from switching jackets and will monitor students' cashless spending purchases, which parents can control via a mobile app. Li...Read More
Continue...Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalizatio...Read More
"We are spread out all over the world. We are in countries most people haven't even heard about. Frankly, it's ridiculous," he added.Continue...Read More
"Even the power of faith, which frequently inspires great generosity and self-sacrifice, can fall victim to tribalism. But through the many changes I have seen over the years: faith, family Continue...Read More
With market action becoming increasingly surreal and the panicked, vertigo-inducing bear market rallies (spawned by a record $64 billion pension fund reallocation intoContinue...Read More
Michael Rowley, president and CEO of Group Ten Metals, speaks with Maurice Jackson of Proven and Probable about his company's recent PGE discoveries in Montana and the similarities to projects in South Africa's Platreef District. Maurice Jackson: Joining us today is Michael Rowley, the president and CEO of Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC), which is exploring for platinum, palladium, n...Read More
Money manager Adrian Day reviews recent developments at a number of resource companies in his portfolio. Wheaton Precious Metals Corp. (WPM, NY, 18.91) settled its bitter dispute with the Canadian tax authorities over tax treatment of royalties purchased though its offshore subsidiaries. Wheaton won on the central question of Canadian taxation on foreign income, though certain minor adjustments i...Read More
CloseGain/LossGold $1274.90+$8.70Silver$15.23+$0.20XAU70.78+1.15%HUI161.27+0.91%GDM587.25+1.17%JSE Gold1367.40+7.81USD96.53-0.51Euro114.38+0.86Yen90.15+0.11Oil$44.61-$1.6110-Year2.777%+0.007T-Bond144.75UNCHDow23138.82+1.14%Nasdaq6579.49+0.38%S&P2488.83+0.86% The Metals: Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the cl...Read More
CloseGain/LossGold $1274.90+$8.70Silver$15.23+$0.20XAU70.78+1.15%HUI161.27+0.91%GDM587.25+1.17%JSE Gold1367.40+7.81USD96.53-0.51Euro114.38+0.86Yen90.15+0.11Oil$44.61-$1.6110-Year2.777%+0.007T-Bond144.75UNCHDow23138.82+1.14%Nasdaq6579.49+0.38%S&P2488.83+0.86% The Metals: Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the cl...Read More
CloseGain/LossGold $1274.90+$8.70Silver$15.23+$0.20XAU70.78+1.15%HUI161.27+0.91%GDM587.25+1.17%JSE Gold1367.40+7.81USD96.53-0.51Euro114.38+0.86Yen90.15+0.11Oil$44.61-$1.6110-Year2.777%+0.007T-Bond144.75UNCHDow23138.82+1.14%Nasdaq6579.49+0.38%S&P2488.83+0.86% The Metals: Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the cl...Read More
By Dave Kranzler"Commentators keep asking why the Fed can't raise rates if the economy is so strong? They still don't realize that the economy was never strong. They confuse a bubble for strength. Without 0% rates and QE the bubble can't survive. But a return to those policies kills the dollar" - Peter Schiff on TwitterI made that same argument about the Fed funds rate, the dollar and why the Fe...Read More
By: Chris Marcus, Arcadia Economics After raising interest rates over the past 2 years, the Federal Reserve last week signaled that it may be about to change course. Which came as no surprise to Peter Spina of GoldSeek.com, who explains why it happened. As well as what the Fed is likely to do next:Peter talked about why higher interest rates are creating issues in the stock, bond, and real es...Read More
By David HaggithSo, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned against that tempting thought. Herein are some warnings about bull traps in a bear market and how they work and how much they look exactly like what we just saw....Read More
Powell noticed some crosscurrents in the path of the US economy. Will it stay on the surface? And is gold a good swimmer? Crosscurrents Cause Fewer Hikes We hope that you enjoyed Christmas. As we promised last week, we will analyze the post-meeting Powell's press conference today. The Fed Chair remained optimistic about the US economy, which "has continued to perform well." However, "some cros...Read More
Harvey Organ says the markets are easy to manipulate right now, so the PPT moved in to trash gold & silver, but silver stood its ground. Here's an update... by Harvey Organ of Harvey Organ BlogDEC 26/DOW UP OVER 1084 POINTS/NASDAQ UP 361 POINTS/GOLD UP 15 CENTS TO $1269.95 WITH SILVER THE STANDOUT RISING BY 27 CENTS TO $15.04/IN ACCESS MARKET: GOLD DOWN TO 1266.50 BUT SILVER REMAINS CONSTANT..ALL...Read More
US consumer confidence positive,despite volatile stock markets, government shutdown, and rising interest rates.Holiday jewelry sales +3.7% and overall retail +5.1%, driven by effectiveomni-channel strategies, according to Mastercard SpendingPulse. Online shoppingsurges 19% as Amazon sees record season. Diamond market quiet, with Belgium andUS dealers closed for the holidays. Industry consolidation...Read More
Polished market slow, with very few foreign buyers in Mumbai. Shortage ofselect in-demand items supporting prices. Good demand for 1 ct., G-J,SI1-I1, RapSpec A3+ diamonds. Trading confidence improving as exchangerate stabilizes around INR 70/$1. Rough market seasonally quiet, with factoriesmaintaining steady below-capacity production until the New Year. POLISHED:Read More
RAPAPORT... Alrosa will sell about $88 million worth of non-coreoperations during 2019 so it can focus on its diamond business. The miner will auction off more than 80 assets, includingland, construction sites, heating and electricity services, vacation resorts, andhousing projects, the company said Thursday. Alrosa's supervisory boardapproved the plan at a meeting on December 14. It will hol...Read More
RAPAPORT... As the year comes to a close, Rapaport News takes alook back at the largest rough stones miners unearthed in 2018, and thediamonds that fetched the highest prices at auction.Colossal findsThe 910-carat Lesotho Legend, which Gem Diamonds recoveredin January, claimsthe top spot this year. The D-color, type IIa stone - whichthe miner says is the fifth-largest gem-quality diamond ever foun...Read More
RAPAPORT... De Beers shocked the industry in May by announcing it would launcha line of fashion jewelry featuring laboratory-grown diamonds. Lightbox Jewelrystarted selling the products online in September, and it's now looking atexpansion options. The main opportunity to develop the business will come oncethe miner has finished building a $94 million synthetic-diamond facility inOregon in 2020. T...Read More