Trump said to reporters: "I don't want to comment on it."Continue...Read More

"We're thinking of it essentially as a midcycle adjustment to policy," Powell said. He also said that Fed officials "think it will serve all of those goals" that he mentioned.Continue...Read More

The Fed cut rates Wednesday, however, the U.S. dollar rallied which put pressure on goldContinue...Read More

Last week, Boris Johnson became the PM of the UK. The odds of hard Brexit increased, sending pound lower. Now, markets await tomorrow’s FOMC meeting. Gold closely monitors these events and thinks about which way to go next. Boris the BrexiteerLast week, Alexander Boris de Pfeffel Johnson – for the people of the Great Britain known as Boris Johnson with a funny mop of blonde hair &ndash...Read More

- Dave KranzlerRegardless of the Fed Funds rate policy decision by the FOMC today, the economy is spinning down the drain. Lower rates won't help stimulate much economic activity. Maybe it will arouse a little more financial engineering activity on Wall Street and it might give a temporary boost to mortgage refinancings. But the economic "recovery" of the last 8 years has been an illusion base...Read More

By: Ira Epstein$1,425.60 keeps the gold price bias to the upside:Read More

When the Liberty Ounce is turned into money, its monetary value will not fall with falls in the price of silver bullion; its monetary value willby Hugo Salinas Price via PlataORIGIN OF THE "LIBERTY" SILVER OUNCEDon Jose Lopez Portillo became President of Mexico in 1976.In 1981, President of Mexico Lopez Portillo ordered the creation of a silver-ounce coin, the "Liberty Ounce", whose weight was t...Read More

RAPAPORT... The Gemological Institute of America (GIA) and its sisterorganization, the American Gem Society (AGS), have established a scholarship inhonor of the contributions made by Beatrice Shipley. Shipley, the wife of GIA and AGS founder Robert Shipley,provided the emotional, financial and managerial support that enabled bothinstitutes to be created, the GIA said Tuesday. The Beatrice Shi...Read More

RAPAPORT... Yury Okoemov, one of Alrosa's deputy CEOs and head of its diamond-cutting division, is leaving the Russian miner, the company said Tuesday. Okoemov has been with the Alrosa since 1993. After his departure, employees of the cutting business will report directly toSergey Ivanov, Alrosa's CEO. Meanwhile, Alexander Matveev, a 10-year veteran and the headof Alrosa's legal department,...Read More

RAPAPORT... Pandora's US division will have new roles to fill, astwo senior executives leave the company. Laurie McDonald will exit the Danish jeweler after 15 years,the last three spent as the general manager of Pandora US, while JohnDePasquale, US vice president of wholesale sales, will depart after six yearsat the company. "[McDonald] has decided to leave the company to begin a newchapter...Read More

Petra Diamonds commented on the release of its share price performance for the financial year  of 2019, saying it delivered "solid set of operational results for 2019," with improved safety, a production of 3.87 million carats - in line with guidance - and lower capital expenditure of $81.7 million, down from US$129.6 million in 2018 Petra generated $17 million of free cashflow in the second...Read More

RAPAPORT... UK-based synthetic-diamond-jewelry retailer Lark & Berryhas hired Paul Ziff as its brand manager for North America. Ziff was previously a brand president at both Richemont andLVMH, and has held executive positions at Ralph Lauren Watch and Jewelry,Zenith Watches, and Ferragamo Timepieces. He will be responsible for helping tolaunch Lark & Berry's products in the North Amer...Read More

Two veteran members of Alrosa's Executive Committee will be leaving Alrosa: Deputy CEO Yury Okoemov and Alexander Matveev, the head of Alrosa's legal department. The miner also announced two new appointments. Sergey Imangulov was appointed the company's chief ore enrichment specialist, and Alla Popova will take up the position of director of Alrosa's personnel training center....Read More

The Gemological Institute of America (GIA) is offering $2 million in scholarships for aspiring or current gem and jewelry professionals interested in GIA gemology, jewelry manufacturing arts, distance education courses and lab classes in 2020. The scholarships are available for on-campus and distance education programs and are open to U.S. and international prospective students. Applications will...Read More

Asian equities were weaker in the morning of Wednesday July 31 on uncertainty on the progress in US/China trade negotiations, although base metals, which have focused more on brighter Chinese manufacturing purchasing managers’ index (PMI) data, rose by an average of 0.4%. China's manufacturing PMI increased to 49.7 in July, from 49.4 in June. It is a busy day ahead for other economic data whi...Read More

U.S. equity index futures moved higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Investors are waiting for an update on monetary policy by the Federal Reserve to be released at 2:00 PM EDT. Consensus is that the Fed Fund rate will drop by 0.25% to 2.25%.Index futures were virtually unchanged following release of the July ADP Private Employment report. Consensus was an...Read More

Shares of Canada's Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) sunk to historic lows this month on news that production from the vast Oyu Tolgoi copper-gold-silver mine in Mongolia could be delayed 16 to 30 months from the original estimate, while the capital cost of the underground expansion (pegged at US$5.3 billion) could cost an additional US$1.9 billion.The expanded underground operation w...Read More

Rock is remarkable stuff. It lets you know when it's not happy, and like the best of us, it gets stressed from time to time. When it gets very wound up, it won't shut up until something finally happens to calm it down, which is usually not a good thing for we humans. Ask San Francisco.The rock was yapping away to itself late last year in northwest England, at a fracking site near Blackpool. Cuadri...Read More

Thickened tailings deposition for closureSPONSOREDsrk consultingAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsLake Resources prepares to make a splash in lithium SPONSOREDlake resourcesIt's been an age since I did my management studies. So long, in fact, I have not on...Read More

Donald Trump is unlikely to win the next election if a recession were to hit by 2020, said Peter Schiff, CEO of Euro Pacific Capital."I think that Trump is likely to lose the next election because I think the U.S. economy can easily be in recession," Schiff told Kitco News._________________________________________________________________Kitco News is the world's #1 source of metals market informat...Read More