Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSSThere's no easy way to get through this financial crisis without pain. Whether it's a 1930s style deflationary crash or a Weimar style hyperinflation...John Rubino of Dollar Collapse interviewed by Paul "Half Dollar" EberhartThere is no easy way to get through this massive financial crisis without ext...Read More
Sentiment improving as US and Chinese jewelers gain confidence ahead of holiday season. Rough sales rise due to polished shortages and lower prices. Sight goods selling at premiums on the secondary market after De Beers reduced prices 6% to 8% for 1 ct. rough and larger. Concerns that strong rough buying will squeeze liquidity and lead to polished oversupply. Polished demand selective, with wide a...Read More
RAPAPORT... Tiffany & Co. reported a sharp decline in profit in the second fiscal quarter but noted sales have returned to pre-pandemic levels in August."Our global sales trends have strengthened in August, with preliminary month-to-date worldwide sales through August 25 being slightly positive as compared to the same month-to-date period in the prior year," said CEO Alessandro Bogliolo i...Read More
RAPAPORT... Rough trading does not incur India's new e-commerce tax, the country's Gem and Jewellery Export Promotion Council (GJEPC) confirmed after meeting with finance minister Nirmala Sitharaman.India introduced the equalization levy on April 1 for all overseas e-commerce operators. The minister explained that the new tax applied only to digital consumer sales and not business-to-business...Read More
RAPAPORT... The Natural Diamond Council (NDC) will debut its holiday advertising campaign next month, featuring an as-yet-unnamed Hollywood celebrity as the new face of diamonds. "The campaign celebrates the many emotional connections created by diamond jewelry, something that research shows will resonate strongly as we emerge from the crisis," NDC CEO David Kellie said Wednesday in a letter to in...Read More
(IDEX Online) - The diamond industry must re-invent its supply chain and move on from traditional Sights and tenders in favor of new technology, says Lucara boss Eira Thomas.The COVID-19 pandemic and resulting travel bans have highlighted the need for paradigm shift, she argues in an open letter release yesterday."We can no longer harken back to a past era and unwisely cling to processes that have...Read More
(IDEX Online) - French luxury conglomerate LVMH has delayed its $16.2bn acquisition of US jeweler Tiffany & Co, following speculation that it was seeking a price reduction.The deal should have been concluded on 24 August, but both sides are understood to have agreed a proviso that the absolute deadline could be pushed back to 24 November.LVMH chief executive Bernard Arnault (pictured) reported...Read More
(IDEX Online) - Fugitive Indian jeweler Mehul Choksi is urging an Indian court to delay the screening of a Netflix documentary called Bad Boy Billionaires, featuring his nephew Nirav Modi.He's petitioned the high court in Delhi to demand sight of the program before it airs, fearful that it might contain material prejudicial to criminal charges against him.He is a key suspect, along with his n...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company is facing a possible production ‘gap', as DeGrussa/Monty in Western Australia is due to run out of ore in just over two years.Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsMeridian has agreed to pay US$8.75 million and issue 4.5 million shares to two arm's length vendors, spread over 39 months and...Read More
Starbucks (SBUX), an S&P 100 stock moved above $83.17 extending an intermediate uptrend. Expedia (EXPE), a NASDAQ 100 stock moved above $97.59 extending an intermediate uptrend. Pre-opening Comments for Thursday August 27thIndex futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade. Traders are waiting for Federal Reserve Chairman Jerome Powell's add...Read More
August 27, 2020 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has entered into separate agreements to acquire a 100% interest in the Trapper mineral claim group (the "Trapper Project") and its associated royalties, further expanding the Thorn Project. The Trapper claims are adjacent to the Thorn Project and part of a larger distr...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsWilson is not shy in putting forward an investment case for Legend.Read More
BHP (ASX, LON, NYSE: BHP) is fine-tuning a revamped strategy to reduce the company's operational emissions and its use of diesel by 2030, chief executive Mike Henry said on Thursday.The "very tangible actions" to be announced on Sept. 10, are part of the world's largest miner's broader commitment to become carbon-neutral by 2050.Henry told shareholders he would also announce concrete steps towards...Read More
SilverCrest Metals (TSX: SIL) has acquired a 100% interest in the 71-sq.-km El Picacho property, located 40 km northeast of its flagship Las Chispas silver-gold development project in the state of Sonora, Mexico.SilverCrest paid US$1.6 million to American Metal Mining (a private company) and its affiliate, in addition to the required taxes to bring the 11 mining concessions to good standing.Ther...Read More
Australia's Danakali (ASX, LON: DNK) said it plans to spend the rest of the year raising funds to bring its Colluli potash project in Eritrea closer to construction.Reporting on the first two quarters of 2020, the Perth-based miner said it's considering a range of options to fund work at Colluli, which is a 50-50 joint venture between the company and the Eritrean National Mining Corporation (ENAMC...Read More
Copper was once again approaching the psychologically important US$3 per lb. level on the back of falling inventories, booming Chinese demand and pandemic hit supply from South America, the U.S. and Africa.On Aug. 26, Copper for delivery in December trading in New York jumped 1.5% to US$2.9965 per lb. ($6,605 a tonne) in afternoon trading, bringing gains in 2020 to more than 7%, and 50% since the...Read More
Aug 28, 2020 Gold was unable to re-take $2,000 level this week. But there was plenty of volatility keeping investors on their toes.The biggest event was Fed Chair Jerome Powell introducing a new approach to setting monetary policy, which lets inflation and employment run higher. The Fed will now seek inflation that averages 2% over time. This shift ensures that interest rates remain low for years...Read More
RAPAPORT... Rough trading does not incur India's new e-commerce tax, the country's Gem and Jewellery Export Promotion Council (GJEPC) confirmed after meeting with finance minister Nirmala Sitharaman.India introduced the equalization levy on April 1 for all overseas e-commerce operators. The minister explained that the new tax applied only to digital consumer sales and not business-to-business...Read More
Anyone who follows The Outsider Club knows that I'm not a resource guy. My trading service, The Wealth Warrior, focuses instead on the defense and security sectors. I'm talking about companies that make fighter jets, drones, laser weapons, rocket engines, and advanced AI. Nevertheless, even I knew something big was on the horizon for gold. Here's what I told subscribers back in September 2019:...Read More