Recent News

2019 Outlook: The State of Sound Money in the United States

December 05, 2018 / news.goldseek.com

By Jp CortezThe Great Recession, coupled with the "Ron Paul Revolution," prompted a renaissance of the sound money movement in the United States.As Germany, Russia, and China -- to name a few -- continue to increase their gold holdings, the hegemonic power of Federal Reserve Notes (referred to today as the dollar) is slowly slipping away.Simultaneously, whispers once relegated to fringe corners...Read More

Another Day Older and Deeper In Debt

December 05, 2018 / news.goldseek.com

Miles Franklin sponsored this article by Gary Christenson. The opinions are his.Official US national debt exceeds $21 trillion. National debt increases over $3 billion per day.Another day older and $3 billion deeper in debt!The U.S. government pays the interest by issuing new debt. But that new debt increases total debt and (eventually) drives up interest rates, which requires more borrowing to...Read More

"Harbinger of Doom": Amigo 3 in Play, But Real Doom Awaits

December 05, 2018 / news.goldseek.com

By Gary Tanashian"The Harbinger of Doom"? Of course we (well, the media) are talking about the yield curve AKA Amigo #3 of our 3 happy-go-lucky riders of the macro. I have annoyed you repeatedly with this imagery in order to show that three important macro factors needed to finish riding before situation turns decidedly negative.Amigo 1: SPX (or stocks in general)/Gold RatioAmigo 2: 30 Year Trea...Read More

Jay Taylor: GATA has proved gold market manipulation, and here's more proof

December 05, 2018 / news.goldseek.com

Dear Friend of GATA and Gold:In his November 16 edition, our old friend Jay Taylor, publisher of Jay Taylor's Gold, Energy, and Tech Stocks newsletter --https://www.miningstocks.com/-- wrote extensively about gold market manipulation and credited GATA for proving it. Taylor went on to present a chart of morning and afternoon gold price fixes from the London Bullion Market Association showing tha...Read More

The Yield Curve Just Inverted for the First Time in Years. Time to Reconsider Risk?

December 05, 2018 / news.goldseek.com

By Frank HolmesOne of the most reliable indicators of an economic slowdown just flashed a warning sign this week. On Monday, the yield curve between the five-year Treasury yield and three-year Treasury yield inverted, or turned negative, for the first time since 2007. What this means is the shorter-maturity bond now pays more than the longer-maturity bond, suggesting investors believe the govern...Read More

What Is Mr. Palladium Telling Us?

December 05, 2018 / news.goldseek.com

By Craig HemkeCopper is often referred to as "Dr. Copper" for its ability to foreshadow moves in other markets and the global economy in general. Today we coin the term "Mr. Palladium", as this particular metal may be offering its own bit of foreshadowing. And what might that be? Perhaps the end of the entire LBMA/COMEX Digital Derivative and Fractional Reserve Pricing Scheme. You may recall tha...Read More

What on Earth Was THAT Selloff About?

December 05, 2018 / news.goldseek.com

We'll be trusting Santa rallies a tad less as a result of Tuesday's take-no-prisoners selloff. Mainly, it'll be a matter of keeping the word "DISTRIBUTION!!!" well in mind every time shares take even a few mincing steps higher. That goes for AAPL as well, my one-size-fits-all bellwether. The stock had switched on the charm Monday, all but shouting "Buy me!" from the rooftop as the session ended....Read More

Gold Is "Coiled" and Looks Set To Surge Like Natural Gas Bloomberg Intelligence

December 05, 2018 / news.goldseek.com

- Gold's "setup" is "similar to natural gas before its big rally"- Gold is gaining favour over stocks, bitcoin and cryptos- Metals may be primary beneficiaries of imminent greenback peak- Silver "appears ready for a potential longer-term recovery"- GoldCore editors note: Natural gas is 56% higher year to dateby Bloomberg Intelligence (appeared first on the Bloomberg Terminal)Metals should be pr...Read More

This Holiday Season, Make It Silver and Gold

December 05, 2018 / juniorgoldreport.com

Full Article: This Holiday Season, Make It Silver and GoldBy: Frank HolmesYesterday evening marked the beginning of Hanukkah. The Jewish festival of lights commemorates the reclamation of the Holy Temple in Jerusalem from the Syrian-Greeks in the second century BCE. According to accounts, after Judah and his forces liberated the temple, he found only one jar of oil, good for a single day's lighti...Read More

Signet Fixes Data Issue at Retail Brands

December 05, 2018 / www.diamonds.net

RAPAPORT... Signet Jewelers has repaired a configuration bug on theorder pages of subsidiaries Kay and Jared that accidentally exposed the personalinformation of customers who purchased online. A Jared customer contacted Signet last month after noting hecould see other buyers' order information by slightly modifying the link in hisown confirmation email. The accessible data included names, billing...Read More

eBay to Authenticate Site's Luxury Jewelry

December 05, 2018 / www.diamonds.net

RAPAPORT... E-commerce giant eBay will expand its luxury-goods authenticationservice to more than 45,000 jewelry products on its platform, it said. Third-party authentication experts will verify the items,which it sources from some of the site's highest-rated vendors, the retail company saidMonday. The service, eBay Authenticate, will cover items including engagementrings, wedding bands, and loose...Read More

Jewelry Brands Shun Traditional Holiday Ads

December 05, 2018 / www.diamonds.net

RAPAPORT... Diamond advertising has well and truly departed fromtraditional styles, this year's holiday commercials suggest. Gone are the daysof the De Beers campaigns targeting men buying a diamond for his fianc?(C)e.The major retailers have taken a much more experimentalapproach, with Tiffany & Co. creating an eccentric video that featuresactress Zo?<< Kravitz, while Signet Jewelers' br...Read More

Blue Diamond Fails to Sell at Sotheby's

December 05, 2018 / www.diamonds.net

RAPAPORT... A blue diamond estimated at up to $30 million failed to finda buyer at Sotheby's in New York on Tuesday. The pear-shaped, 10.62-carat, fancy-vivid-blue, VVS1-claritydiamond had a presale valuation of $20 million to $30 million. Anotherpear-shaped stone - a 2.76-carat, fancy-intense-purple-pink diamond - also remainedunsold at the auction. It was estimated at $1.3 million to $1.6 m...Read More

Petra, BEE partner conclude sale of KEM JV stake to Ekapa Mining

December 05, 2018 / www.miningweekly.com

LSE-listed Petra Diamonds on Wednesday announced the completion of the sale of its and its black economic empowerment partner’s 75.9% interest in the Kimberley Ekapa Mining joint venture (KEM JV) for R300-million to JV partner Ekapa Mining.The KEM JV incorporates the Kimberley underground mine, extensive tailings retreatment programmes and the high-volume central treatment plant, which are a...Read More

GJEPC Holds First India Jewellery Buyer-Seller Meet in Kolkata

December 05, 2018 / www.idexonline.com

(IDEX Online) - The Gem and Jewellery Export Promotion Council (GJEPC) organized a two-day India Jewellery Buyer-Seller Meet on December 4 and 5 in Kolkata for leading jewelers from participating countries such as Bangladesh, Bahrain, Kuwait, Malaysia, Singapore, UAE, UK and USA.   The GJEPC said the initiative aimed to offer a gateway to a huge potential market and boost investment and trad...Read More

Lucapa starts commercial production in Lesotho

December 05, 2018 / www.miningweekly.com

PERTH (miningweekly.com) – Commercial diamond mining has started at the Mothae mine, in Lesotho, ASX-listed Lucapa Diamonds reported on Wednesday.“Lucapa is on track to become one of a few listed diamond companies globally with production from more than one operating mine,” said Lucapa MD Stephen Wetherall.AdvertisementRamp-up to the 1.1-million-tonne-a-year nameplate capacity at...Read More

Diamonds and Gemstones Beat Pre-Sale Estimates At Bonhams New York Sale

December 05, 2018 / www.idexonline.com

(IDEX Online) - The top performing lot during Bonhams December Fine Jewelry sale was a diamond ring which sold for $828,500 compared with its pre-sale estimate of $400,000-$600,000.   Coming from a private collection, it was the first time the 18.04-carat emerald-cut diamond had come to auction.   The second top performing lot was a diamond solitaire ring by Royal De Versailles. The ro...Read More

Judge Orders Signet to Face Securities-Fraud Lawsuit Filed By Shareholders

December 05, 2018 / www.idexonline.com

(IDEX Online) - A federal judge in New York has ordered that Signet Jewelers Ltd. face a securities-fraud lawsuit filed by shareholders alleging the company misled them about the performance of its credit portfolio and allegations of sexual discrimination.   The lawsuit was filed by Public Employees Retirement System of Mississippi with which District Judge Colleen McMahon agreed.   The...Read More

Zimbabwe to allow two new companies to mine diamonds

December 05, 2018 / www.miningweekly.com

HARARE – Zimbabwe will now allow two more private companies to explore and mine diamonds in the country, bringing to four the number of firms that will operate in the sector, mines minister Winston Chitando has said.Last week Chitando said the country did not plan to change its ownership rules for diamonds and platinum, denting hopes among some miners the country will open up ownership as it...Read More

Inventories at record lows for many commodities

December 05, 2018 / www.mining-journal.com

Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineSpeaking at its investor day on Monday, CEO Ivan Glasenberg said inventories for a lot of metals were at or near reco...Read More

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