(IDEX Online) - De Beers today reported a robust performance at cycle 7, with sales (provisional) of $630m, up more than 21 per cent year-on-year.Actual sales at sight 6, announced at the end of July, were $638m, up 23 per cent on the same period in 2021.Bruce Cleaver, CEO, De Beers Group, said: "Rough diamond sales continued at a steady level in the seventh sales cycle of 2022."In line with norma...Read More
(IDEX Online) - Pandora is urging women to buy their own lab grown diamonds, in a campaign fronted by "champions of self-empowerment" - Rosario Dawson and Ashley Graham.The Danish jeweler has ditched all mined diamonds and pledged to use only recycled silver and gold.Dawson, 43, (pictured) the US actress best known for the Sin City movies, and Ashley Graham, 34, the US supermodel, entrepreneur and...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. The Canadian Dollar slipped 0.08 to US76.16 cents following release of Canada's second quarter real GDP. Consensus was growth at a 4.5% versus a gain of 3.1% in the first quarter. Actual was a gain of 3.3%HP Inc dropped $1.15 to $29.95 after reporting less than consensus quarterly...Read More
Jim Rickards - Twitter, Released on 8/31/22Gazprom, the Russian natural gas company, just declared a record divided. Western investors won't receive it because their shares were frozen by sanctions and Russia was banned from the global payment system. Under Biden, Russia prospers, America suffers.https://t.co/preFUygq2B- Jim Rickards (@JamesGRickards) August 31, 2022 Jim Rickards is a lawyer,...Read More
Gold Newsletter, Released on 8/31/22Despite gold being down 2-3 percent in US dollar terms, gold has continued to preserve its purchasing power in the long term. In mid-August, gold was up 8 percent in euro terms and 15 percent in Japanese yen terms. Ronald St??ferle, a fund manager and author of the "In Gold We Trust" report, argues gold will gain momentum later this year. With the recession in t...Read More
Jay Taylor Media, Released on 8/31/22J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical...Read More
The Felder Report, Released on 8/31/22Even to the untrained eye, it should be quite obvious that a major change in character is now underway.Continue... Jesse Felder: The 'Massive Momentum Structure' In The Stock Market Is Breaking Down added by Herman James on 09/01/2022View all posts by Herman James ?+'Read More
FGMR, Released on 8/31/22In 1922 Benito Mussolini became prime minister of Italy, putting that country on a path that had global ramifications. He was the world's first fascist leader.Continue... James Turk: A Century of Fascism added by Herman James on 09/01/2022View all posts by Herman James ?+'Read More
National Review, Released on 8/31/22At least 20 teams have promoted or funded groups that advocate or are directly involved in child gender transitions, an NR analysis finds.Continue... Why does MLB support mutilating children? added by Herman James on 09/01/2022View all posts by Herman James ?+'Read More
RAPAPORT... The De Beers Blue is probably one of a select group of rare diamonds originating in the deepest parts of the earth, according to researchers at the Gemological Institute of America (GIA).The stone has important similarities with the Hope and Wittelsbach-Graff diamonds, two other blue, type IIb diamonds, according to an article in the summer 2022 edition of Gems & Gemology, the...Read More
The canine days of August are clearing out, beach sand through the hourglass. Tomorrow the calendar furls to September.Many consider September a snoozing month of market peace before dreaded October.They will remind you that the market's most violent cataclysms - the Panic of 1907, the Crash of 1929, “Black Monday” 1987 - all came barreling through in October.October’s reputation...Read More
The Toronto-quoted equity of Patriot Battery Metals (TSXV: PMET; OTCQB: PMETF) jumped to a fresh 12-month high on Aug. 31 following the release of the company's best lithium drill intercept to date on its Quebec-based Corvette property.The Vancouver-domiciled company released the results of six holes as part of the summer phase of the 2022 drill program on the prospective wholly owned property in...Read More
U.S. carmaker Ford Motor Co. (NYSE: F) is asking the Biden administration to speed up the permitting process for mining projects, particularly those targeting critical metals such as lithium, cobalt, nickel and graphite.In a letter to the Department of the Interior on Tuesday, the auto maker said the current "lengthy, costly and inefficient permitting process" makes it difficult for American busin...Read More
Ultramafic rocks mineralized with nickel, copper and platinum group elements that were discovered at surface and drilled in the mid-2000s are now getting a more fulsome examination in a 20,000-metre drill program by Quebec Nickel (CSE: QNI; US-OTC: QNICF). New assay results from the Fortin Sill Zone at the junior's 100%-owned Ducros project in Quebec, 80 km northeast of Val-d'Or, returned 35.6 m...Read More
As industries and nations fret about getting the raw materials needed to power the energy transition, coal is also seeing a stunning rise. In September 2021, the price of ICE Newcastle coal was around US$120 per tonne. In March, after Russia's invasion of Ukraine it spiked to nearly US$380 per tonne. At press time at the end of August - shortly after a European Union embargo against Russian coal c...Read More
The beaten-down junior mining complex currently sits at an attractive investment entry point as the sector continues to trade lower relative to gold and other equities, Haywood Capital Markets analysts conclude in their third Junior Exploration Report for 2022.Haywood's analysts argue that with the GDXJ trading down about 21% in the year to date, as of Aug. 25, and several high-quality juniors are...Read More
Chile's President Gabriel Boric said late on Tuesday he is open to discuss changes in the country's tax law that would affect the mining sector as lawmakers are scheduled to vote on the proposed reform on Sept. 13.Speaking at a gala organized by the national mining association Sonami, Boric said the industry had been historically unwilling to reach agreements with the government in terms of sharin...Read More
Latin America-focused Nexa Resources (NYSE: NEXA) has halted its Atacocha San Gerardo open pit zinc mine in Peru due to a road blockade by a local community.The zinc producer, controlled by Brazilian holding company Votorantim SA, called the disruption "illegal" and said that activities are limited to critical operations with a minimum workforce to ensure proper maintenance.A March road blockade...Read More
Commodity Culture, Released on 8/31/22Legendary investor and best-selling author Jim Rogers joins the show to give his overview on the commodities markets and explains why most investors have too simplistic of a view when it comes to gold and silver. Jim points out that precious metals tend to fall along with the broader markets in a crash, but they do provide real security over the long run.00:00...Read More
Wolf Street, Released on 8/31/22"Temporary" inflation is suddenly runaway inflation. But the negative-interest rate idiocy and QE are finally over.Continue... Wolf Richter: Runaway Inflation in the Eurozone, which Kicked Off in mid-2021, Sets New Record, Wakes Up even Ridiculously Reckless ECB added by Herman James on 09/01/2022View all posts by Herman James ?+'Read More