But some believe the Federal Reserve could still surprise markets with a full percentage point increase and hawkish messaging, moves which could potentially lead to further selling in gold - alreadyRead More
Initial estimates are that production at Elkview Operations will be interrupted for 1-2 months as repairs are implemented, the firm said.Read More
RAPAPORT... Lucapa Diamond Company has recovered a 131-carat, type IIa diamond at its Lulo deposit in Angola. The rough is the 29th stone of 100 carats or more that the miner has unearthed at the site, and the fourth on that scale since the start of the year, it said Wednesday."Angola has proven, yet again, its enormous diamond potential," said Diamantino Azevedo, the country's minister of mi...Read More
RAPAPORT... More than 100 extremely rare timepieces from a single owner will make their auction debut at a Christie's sale later this year.The 112 watches were collected over a 40-year period and include some of the earliest pieces by Patek Philippe, Rolex and other well-known makers. The sale, called Legendary and Unique Watches: The Collection of a Lifetime, will take place on November 6 an...Read More
RAPAPORT... Grib Diamonds, which markets rough from one of Russia's largest mines, has canceled next month's auction after a bank blocked customers' payments at a previous sale."In order to avoid a similar situation during the next auction, and due to the fact that Grib Diamonds has no influence on the payment routes of its clients, it was decided to postpone the upcoming auction in Dubai," s...Read More
RAPAPORT... Retail jewelers must give a more honest account of the contribution natural diamonds make to communities and the environment or risk having mistruths embedded in the consumer psyche, industry analyst Kieron Hodgson cautioned on the Rapaport Diamond Podcast. "Retail outlets are willing to portray natural diamonds as something that is not a benefit to the industry whereas lab grown is th...Read More
(IDEX Online) - A Canadian company has produced the country's first lab grown diamonds.Groupe RSL has opened a factory in Quebec using hydroelectric power to produce gems using what it describes as a unique version of the CVD process."Recent research has brought to light a new idea, using hydrogen and methane gas in a controlled reaction," said Luke Sinclair, the company's CFO."Consumers...Read More
(IDEX Online) - Lucapa says it has recovered its fourth +100 carat diamond this year at its Lulo mine, in Angola.The Australian miner describes the Type IIa 131-ct stone as "spectacular". It's the 29th +100 carat diamond recovered since the deposit - which has both alluvial mining and kimberlite exploration - started commercial production in 2015. It jointly operates Lulo with its partne...Read More
Talk of growth or acquisitions was not on the agenda of the large gold miners, instead favouring themes of prudent management, capital allocation, discipline, balance sheets and returns to investors,Read More
(IDEX Online) - The Watch & Jewellery Initiative 2030, founded a year ago as a movement for positive change in the industry has announced a raft of new members.Luxury watchmakers A. Lange & S?? ?hne, IWC Schaffhausen, Jaeger-Lecoultre, Panerai and Piaget, as well as Dimexon, Mattioli, Pandora and Rubel & M?? (C)nasch?? (C), have all signed up.They join existing members Cartier, Kering...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"Trident has grown rapidly since its inception - both with regards to assets within the portfolio,...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. Focus today is on results from the FOMC meeting scheduled for release at 2:00 PM EDT. Consensus calls for an increase in the Fed Fund Rate by 0.75% and continuation of a program to reduce the Federal Reserve's balance sheet by $95 billion per month.Berkshire Hathaway added $0.27 to $277....Read More
CNBC, Released on 9/21/22Jeffrey Gundlach, DoubleLine Capital, joins 'Closing Bell: Overtime' to discuss today's Fed decision and the impact he thinks it will have on markets and the economy. Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been feat...Read More
Silver Bullion TV, Released on 9/21/22BSBTV spoke with Steve St Angelo of the SRSRocco Report about the changing silver dynamics globally and why China is facing an economic collapse.Discussed in this interview:00:00 Introduction01:37 Inflation creeping higher06:10 Silver short squeeze11:29 COMEX silver drain16:47 Physical and paper silver prices bifurcating?18:50 Physical silver21:13 China energy...Read More
Jeffrey Gundlach - Twitter, Released on 9/21/22Sadly, it is becoming obvious that when politicians aim to be true public servants the embedded, threatened elites out of desperation turn the apparatus of their calcified institutions (including the spear point "justice" system) against them. This will fail in the end.- Jeffrey Gundlach (@TruthGundlach) September 21, 2022 Jeffrey Gundlach is the Chie...Read More
The Great Recession Blog, Released on 9/21/22Today the market paid back some of its delusional holdings. It has a lot more left to pay back. Continue... David Haggith: The Train Wreck is Already Happening added by Herman James on 09/22/2022View all posts by Herman James ?+'Read More
Of Two Minds (via Dollar Collapse), Released on 9/21/22If you benefit from participating in the system, you have to pay your fair share. This goes for citizens of Lower Slobovia, too.Continue... Two Easy Predictions: Wealth Tax and Windfall Tax added by Herman James on 09/22/2022View all posts by Herman James ?+'Read More
A 75-basis-point rate hike was forecast... and a 75-basis-point rate hike it was. The Federal Reserve issued word shortly after 2 p.m. Eastern.Today's was the third consecutive 75-basis-point rate raising. Never in its history has the Federal Reserve imposed three consecutive 75-basis-point rate raisings.And so its target rate presently ranges between 3% and 3.25%. Not since February 2008 - over 1...Read More
Amid an ebbing of mining investment sentiment as project proponents big and small take a pause and wait out decade-high inflation and high interest rates, West Africa is an outlier, emerging as a region where mine construction timelines are met, builds get completed under budget and discovery potential beckons more investment.The Northern Miner recently caught up with a handful of mineral explorer...Read More
We British are good at queuing, and most of us practice standing in line from an early age. This lifetime of training came to fruition during the four days leading up to the funeral of Queen Elizabeth II. The Secretary of State for Culture, Michelle Donelan, has estimated that over 250,000 people queued (for an average of eight hours and up to 18 hours) to see the Queen's coffin as she lay in stat...Read More