Rambus/PlungerThe great debate on whether we're going to see inflation or deflation has been answered in spades. For years some of the greatest minds of our time have discussed this issue in great detail with each side giving probable reasons as to why we'll see either inflation or deflation. Both sides can make great points to their arguments but in the end only one side will win the battle tha...Read More
If you're feeling depressed because your retirement fund has been cut in half by the Covid-19 avalanche on Wall Street, take heart because you may have a good chance to get it back. Yeah, I know, I wrote here only last week that the bear market would stretch on for years, bankrupting us all and ushering in the Second Great Depression. But watching the spectacular collapse of Boeing shares has ma...Read More
The fall in gold will clear some short term investors and also result in a big increase in long term investors. Both gold and silver are good long term investment opportunities. In the short term gold and silver will see a see-saw type prices moves like yesterday. Global financial markets have to stabilize for gold and silver to for a short term direction. In the very short term both gold and si...Read More
Rather than focusing on individual companies, money manager Adrian Day turns his attention to the overall markets, noting "recent events are unusual, and demand some commentary." As everyone knows, these past couple of weeks have seen the markets on a wild ride, based on concerns about the coronavirus, culminating in the sharpest declines in most markets since 2008, and many for much longer. By F...Read More
Stewart Thomson, Graceland Updates 1. The Corona war intensifies, and now the enemy has an air force! Health organizations like WHO are declaring the enemy virus airborne. 2. Pathetic Western governments and central banks are fighting back with the only weapons they have; more debt and propaganda that the fight is going "better than expected".3. Please click here now. Double click...Read More
12:02p ET Tuesday, March 17, 2020Dear Friend of GATA and Gold:A few observations on the turmoil in the financial system.1) Because of the virus epidemic, economic production is being sharply curtailed around the world and likely will remain sharply curtailed for some time.2) Accordingly, personal incomes are being sharply curtailed too, so there is talk of "helicopter money" to replace incomes....Read More
Keith Weiner, Monetary MetalsWe got hate mail after publishing Silver Backwardation Returns. It seems that someone thought backwardation means silver is a backward idea, or a bad bet. "You are a *&%#! idiot," cursed he. "Silver is the most underpriced asset on the planet," he offered as his sole supporting evidence. He doesn't know that backwardation means scarcity, not that a commodity's pr...Read More
Governments love crises because when the people are fearful they are more willing to give up freedoms for promises that the government will take care of them. After 9/11, for example, Americans accepted the near-total destruction of their civil liberties in the PATRIOT Act's hollow promises of security.It is ironic to see the same Democrats who tried to impeach President Trump last month for abu...Read More
Stefan Gleason, Money MetalsThe last few days have been like nothing most of us have ever experienced - or are likely to experience again in our lifetimes.Panic has spread from the streets of Wuhan to the grocery stores of America's heartland, from nursing homes to the Federal Reserve Board, from the stock market to the gold and silver markets.Like other asset classes, the precious metals space...Read More
David HaggithMarch 16 2020Today's crash wiped out almost the entire Trump Rally, going back to the day "The Donald" was elected President of the United States. The stock crash, rolling through our days like late-summer thunder, is a daily headline now, each day unimaginably worse than the record day before!Charts can't even keep up with the action. Because I couldn't initially find one that matc...Read More
"The further a society drifts from truth the more it will hate those who speak it" - George OrwellThe western Central Banks, led by the BIS, are operating to push the price of gold and silver as low as possible. It's a highly motivated effort to remove the proverbial canary from the coal mine before it dies. A soaring price of gold signals to the world that the Central Banks have lost contr...Read More
Rambus/PlungerThe great debate on whether we're going to see inflation or deflation has been answered in spades. For years some of the greatest minds of our time have discussed this issue in great detail with each side giving probable reasons as to why we'll see either inflation or deflation. Both sides can make great points to their arguments but in the end only one side will win the battle tha...Read More
If you're feeling depressed because your retirement fund has been cut in half by the Covid-19 avalanche on Wall Street, take heart because you may have a good chance to get it back. Yeah, I know, I wrote here only last week that the bear market would stretch on for years, bankrupting us all and ushering in the Second Great Depression. But watching the spectacular collapse of Boeing shares has ma...Read More
The fall in gold will clear some short term investors and also result in a big increase in long term investors. Both gold and silver are good long term investment opportunities. In the short term gold and silver will see a see-saw type prices moves like yesterday. Global financial markets have to stabilize for gold and silver to for a short term direction. In the very short term both gold and si...Read More
RAPAPORT... The Kimberley Process (KP) Intersessional Meeting will take place as a virtual conference this year, as European borders close to travelers due to the coronavirus pandemic.The annual forum, in which member states, civil societies and the diamond industry come together, was scheduled to take place in Moscow from June 8 to 12."COVID-19 is a global challenge without parallel in our l...Read More
RAPAPORT... Pandora has rescinded its revenue guidance for 2020, as the coronavirus pandemic has hit sales and forced it to shut stores temporarily, it said Monday.In February, the company had forecast revenue would fall between 3% and 6% for the year."Pandora's financial guidance announced on February 4, 2020, excluded any impact from COVID-19," the company noted. "As a consequence of the global...Read More
RAPAPORT... The Israel Diamond Exchange (IDE) has temporarily reduced fees for members due to the severe slowdown in trading resulting from the coronavirus outbreak.IDE president Yoram Dvash announced a 50% discount on membership charges and a 33% drop in maintenance fees for March and April. "We're talking about significant financial steps that add up to millions of shekels going straight in...Read More
RAPAPORT... Sotheby's has rescheduled its Hong Kong Magnificent Jewels sale and other jewelry auctions amid new restrictions on public gatherings due to the coronavirus pandemic."We are closely monitoring the advice of government and health authorities in the countries and cities where Sotheby's is located and adjusting our business and operations accordingly," the auction house said Monday....Read More
(IDEX Online) - India's gross exports of cut and polished diamonds slumped by more than 40 per cent last month because of the Covid-19 pandemic.Totals were down from $2.34bn in February 2019 to $1.38bn for this February, according to The Gem & Jewellery Export Promotion Council (GJEPC).But exports of gold jewelry were up, as were overseas sales of polished lab-grown diamonds, albeit from...Read More
(IDEX Online) - Russian mining giant Alrosa is allowing buyers to defer up to 60 per cent of their allocations at its regular contract sales.The move, effective as of yesterday's sale, is a sign of market uncertainty. In times of stability customers have been able to defer only 20 per cent of the stones offered.Alrosa, which last week reported a 31 per cent slump in 2019 profits, says b...Read More