Max interviews Dominic Frisby about the history of taxes as outlined in his new book, DAYLIGHT ROBBERY. They discuss the history of taxation; from Mesopotamia to modern day France and the Yellow Vest movement. They also look at having a land value tax instead of income tax, which Frisby suggests is the worst of all options.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Repor...Read More
The next round of quantitative easing - official, actual quantitative easing - is fast approaching. Yes... the Federal Reserve will soon be clearing for emergency action.Continue...Read More
Ben Swann breaks down the key points of the new USMCA and explains why despite claims by the Trump administration and Congressional Democrats, the new North American trade deal is only a little better than NAFTA.Read More
"Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposureContinue...Read More
Consequently, additional drill testing is warranted in the specific host zone. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced in a news release the assay results from two holes diamond drilled at its Wicheeda rare earth elements (REEs) project near Prince George, Canada.Hole WI19-28 returned 2.46% light rare earth oxide (LREO), or cerium, lanthanum, neodymium, praseodymium, and...Read More
Precious metals expert Michael Ballanger takes a look at the factors behind silver's recent price decline. In this week's commentary, I am going to respond to the rash of end-of-the-world emails and terror-stricken texts that bombarded me after the BLS reported a better-than-expected Non-Farm Payrolls number Friday that sent stocks screaming higher and the precious metals into a nosedive. I must...Read More
WOOD, one of the Ishares ETF symbols related to the Real Estate and Construction sectors may become the next hottest instrument for skilled technical traders. Over the past three years, Wood has rallied over 110% between a $40 to $84 range and the trading volume of WOOD has been relatively consistent near an average of about 140k shares per week. Let’s dig into the opportunities...Read More
Gold closed down as much as 1.21 percent Friday on a blowout jobs report that seemed to alleviate investor fears of an impending economic slowdown. The U.S. added as many as 266,000 jobs in November, beating expectations of 180,000, while the unemployment rate ticked down to a 50-year low of 3.5 percent.The yellow metal remains on sound footing, though, and over the next 12 to 24 months, I see i...Read More
"Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated." Elaine Chao, American politician, U.S. Secretary of Transportation 2017-,...Read More
By: Ira EpsteinGold is near a seasonal bump to the upside. $1,459.80 would be a negative turn in short-term picture. Downside bias but swingline just below..Read More
Traders just booked profit in short positions in gold and silver. They are sitting on cash at the moment. News will be the key. Trade deal with China is not signed yet. I will not rule out further escalation of trade war with China as US economic numbers have beaten Chinese in November. Trump is at an advantage (with China) on the trade war in the short term. Trade war will be pain for every nat...Read More
RAPAPORT... Alrosa's sales rose 5% year on year to $287.8 million inNovember, as the manufacturing sector began to rebound, the Russianminer said Tuesday. The monthly sales are the highest the company has reportedsince April, and the fourth highest of the year. "November sales growth [is] evidence that [the] midstreamsector, specifically in India, is on track to restore its balance," sa...Read More
RAPAPORT... A pair of blue diamond earrings fetched just under $1.3 million atBonhams' New York Jewels sale, beating its high estimate. The set features a marquise-shaped brilliant cut,fancy-intense-blue diamond with VS1 clarity, weighing 1.81 carats, and anoval-shaped modified brilliant-cut, fancy-blue diamond, weighing 1.62 carats. Thosestones are topped by two cushion-shaped modified brill...Read More
RAPAPORT... The Diamond Empowerment Fund has changed its name to Diamonds Do Good to simplify its identity within the industryand resonate more with consumers. The move, announced last week, is designed to align theorganization's branding in the trade with the way it is already recognized by thepublic. "We refer to ourselves as Diamonds Do Good to consumers," vice president and executive dir...Read More
RAPAPORT... Gem Diamonds has recovered a 114-carat yellow diamond at itsLet??eng mine in Lesotho, the fourth of that color above 100 carats this year. The miner found the type I stone on Monday, a week afterunearthing a 93.5-carat, high-quality white stone. Two weeks ago, Gem Diamondsrecovered two stones weighing more than 100 carats from the deposit. The miner alsofound a similar-sized yello...Read More
RAPAPORT... Petra Diamonds has had to put operations on hold at itsthree South African mines, due to a restriction on power usage enforced by the local electricity provider. Eskom has told the miner to limit its power usage to "essential loads," Petra said Monday. As a result, Petra has halted production, hoisting and processing at its Cullinan, Finsch andKoffiefontein deposits, and removed a...Read More
(IDEX Online) - Alrosa's sales of rough and polished diamonds in November increased 5 percent year-over-year, the miner announced today (Tuesday). Sales reached $287.8 million during the month. Rough diamond sales mounted to $282.1 million while polished diamond sales totaled $5.8 million.For the year to date, Alrosa has sold $2,974 million worth of goods. During the first 11 months of 2...Read More
(IDEX Online) - Jewelers Mutual has donated seven lab-grown diamonds to the Diamond Durability Laboratory (DDL). The donation is part of a year-long collaboration between the two entities to better understand damaged diamonds - both mined and lab-grown. The goal of the research is to create a more predictive model for potential damage during wear.The donated, damaged diamonds ranged in size from 0...Read More
(IDEX Online) - Sotheby's has appointed Wenhao Yu as its deputy chairman, Jewellery, Asia.Based in Hong Kong, Yu will be responsible for developing the auction house's jewelry business across Asia.Yu has a background in finance. He studied at Sotheby's Institute of Art in London before joiningPoly Auction Beijing in 2010 as senior manager where he co founded its Jewels and Watches d...Read More
South Africa’s biggest platinum and gold mining companies are scaling back some operations as record power cuts, now in their sixth day, start to cripple key parts of the economy.Eskom Holdings on Monday moved to Stage 6 load-shedding from 18:00 local time, meaning it cut 6 000 MW from the national grid, the most yet, after a technical problem at the new Medupi Power Station. The utility has...Read More