"After conducting a comprehensive assessment of what has emerged during the course of the preliminary investigation I then make the assessment that the evidence is not strong enough Continue...Read More
Doubtful that a China deal will happen. Brexit is delayed but not forgotten. The stock is just not valid from a fundamental perspective. Risks are to the downside. Tax-loss selling ahead. The Fed will have no choice but to cut in 2020. After the spectacular run up in metals it make sense that there would be a pullback. Trillion dollar deficits, China in a slow down, how can it be bearish for gold?...Read More
The Fed is NOT engaging in QE nor is it engaging in MMT. The Fed is standing in the middle because banks do not trust banks. The crisis is by NO MEANS in the United States. Continue...Read More
BOP Director Sawyer says at Judiciary Committee hearing that the FBI is investigating the possibility of a "criminal enterprise" in probe of Jeffrey Epstein's suicideContinue...Read More
U.S. homebuilding rebounded last month according to data released on Tuesday. In addition, permits for future home construction jumped to a more than 12-year high.Continue...Read More
"If several common disorders could be avoided or delayed by genetically modifying humans, the average disease-free lifespan could be substantially extended."Continue...Read More
WHY is JP Morgan still allowed to Rig markets when all their metals desk traders are being indicted? When are the "BOSSES" going to be busted and what would that do to the largest Derivative Bank in the world?!Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoR...Read More
www.Golden-Jackass.com (new website) Jim Willie CB, editor of the "HAT TRICK LETTER" subscribe: Hat Trick Letter The US-based bond market is in tragic condition. All the bonds in US financial markets reek of rigged prices and inflated values. It is not a single bond sector, but rather all bond sectors that are in deep trouble, against a background of multi-year economic recession. The USTreasury...Read More
A couple of weeks ago, I was in Lima, Peru, attending the Mining & Investment Latin America Summit. I heard from a number of industry leaders that mining in South America has become more challenging in recent years. One of the biggest reasons why is that the burden for taking care of local communities has, in many cases, fallen on the miners' shoulders. Venezuela's corrupt socialist president Ni...Read More
- Keith Weiner, Monetary MetalsToday, we want to say two things about negative interest rates. The first is really simple. Anyone who believes in a theory of interest that says "the savers demand interest to compensate for inflation" needs to ask if this explains negative interest in Switzerland, Europe, and other countries. If not, then we need a new theory (Keith just presented his theory at...Read More
- Clint SiegnerDepartment of Justice prosecutors charged a sixth JPMorgan executive for cheating in the precious metals markets.Jeffrey Ruffo stands accused of racketeering and spoofing metals prices from 2008 - 2016, along with other crimes including conspiracy to commit wire fraud.The indictment outlines nearly a decade spent coordinating with other traders in JPMorgan's precious metals de...Read More
By: Ira EpsteinGold looking at $1,485 area as the next big test, possibly over the coming day(s). Coming from an oversold condition..Read More
RAPAPORT... Diamcor Mining returned to profit in the second fiscalquarter, as an efficiency program helped it reduce costs. The miner recorded a net profit of $350,676 for the threemonths ending September 30, versus a loss of $417,368 during the same period ayear ago, it said last week. The company shaved its expenses by reducing its usage of heavyequipment and fuel, it explained. Rough-diamond s...Read More
RAPAPORT... Singapore-based retailer SK Jewellery Group saw a heavy declinein sales for the third quarter amid economic challenges in key markets and theclosure of its gold-trading platform. Revenue fell 46% to SGD 32.6 million ($24 million), whilenet profit slumped 58% to SGD 359,000 ($263,889), the company said in a statement earlier this month. "Continuing tensions between Japan and Korea,...Read More
RAPAPORT... Swiss watch exports rose 1.5% to CHF 2.03 billion ($2.04billion) in October as increased orders from the US, China and Japan outweighed a significant drop in Hong Kong. "Overall growth was hindered by [a] very marked decline inHong Kong, while the rest of the world generally saw an upturn," the Federationof the Swiss Watch Industry said Tuesday. Unrest in the municipality has increasin...Read More
(IDEX Online) - Stephane Fischler, President of the World Diamond Council (WDC), told government representatives at the 2019 Kimberley Process (KP) Plenary Meeting that the future of the process depends on them.During the address at the start of the Plenary Meeting in New Delhi, India, Fischer said that with the end of a three-year reform and review cycle, governments hold the future of the KP in...Read More
RAPAPORT... Tiffany & Co. plans to create a new role of chief brand officer to replace its current head of merchandising. The recruit, who will come from outside the company and will also be an executive vice president, will take over from Pamela Cloud, the jeweler's senior vice presidentand chief merchandising officer. The new role will combine Tiffany's marketing and merchandising effo...Read More
(IDEX Online) - As the U.S. gears up for the biggest shopping weekend of the year, American Express has released data from its Shop Small Consumer Impact survey. According to the survey, 73 percent of people feel that empty storefronts are a national issue and 84 percent agree that the increase in empty storefronts and closing of small, independently owned businesses negatively affects...Read More
(IDEX Online) - Rio Tinto has announced its intention to take a majority ownership in the Star-Orion South diamond exploration site in Saskatchewan, Canada. Saskatoon-based Star Diamond Corporation announced that Rio Tinto Exploration Canada Inc. (RTEC), a fully owned subsidiary of Rio Tinto, has provided notice to exercise its options under a Joint Venture agreement the two entered int...Read More
Diamond miner Trans Hex expects the delisting of its shares on the JSE to be concluded on December 3.It proposed the delisting in July, when it announced a share buyback programme to purchase the issued share capital of shareholders at R1 apiece.AdvertisementAt the time, it said the delisting would enable it to save on the costs of operating in a regulated environment, while its board felt the JSE...Read More