The current economic situation, at least according to Doug Casey is hopeless. There's no turning back as debt continues to mount and the decline of the West becomes ever more obvious. The best thing you can do is learn to profit from it, which Doug has done quite well. We also talked about Doug's upcoming book The Assassin. Fun times ahead.Doug Casey is an American-born libertarian economist and a...Read More
Amazingly, the audit showed the Fed started the loans in December 2007 - long before the public knew there was a dangerous financial crisis - and it lasted until at least July 2010.Continue...Read More
Opponents of the research say it could lead to scientists creating a creature that is part animal, part person.Continue...Read More
The precious metals sector appears to have started a correction. It was roaring higher until natural resistance kicked in and the US Dollar grinded its way higher, towards its 2019 high. Factor in the Fed decision this week and it has created a natural “buy the rumor, sell the news” event. We cannot know for certain what the Federal Reserve will do or even more importantly, h...Read More
Our Adaptive Dynamic Learning (ADL)predictive modeling system is predicting that Crude Oil will break recentsupport levels near $55 and move very quickly down to levels near $50 to $51 beforeAugust 2nd, 2019. The move tonear the $50 price level is likely to be a 100% measured Fibonacci priceextension related to the initial downside move from $61 to $55 earlier in July2019.After this new down...Read More
Last Friday, July 26, 2019 - the spot gold price got what should be the opposite of a “Friday News Dump” using a longer gold price history perspective.Effectively the significant bank power of Europe (ECB) and 21 other national central banks publically agreed that no gold bullion sale coordination is needed this September 2019 and after.These +20 central 'gold holding' banks likely agr...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we continue our discussion on the importance of sound money -- and we are going to check in on the progress at both the state and federal levels. Jp Cortez of the Sound Money Defense League joins me to update us about sound money bills across the nation and also shares his group’s sound money scorecard -- reve...Read More
"Follow the trend lines, not the headlines," President Bill Clinton once said. I'm a news junkie myself, but I guarantee you I wouldn't be where I am today had I based every one of my investment decisions on what the talking heads tell me.The headlines might make it feel like our lives are progressively getting worse sometimes, but the trend lines tell a different story. We're living longer, hea...Read More
By: Ira EpsteinWeekly gold charts shows a bullish bias, but daily chart shows a different picture:Read More
What "whale" is behind the recent unprecedented buying of silver futures to build a record concentrated position?Dunagun Kaiser interviews Ted Butler via Reluctant Preppers?EUR
The top that was just reached is likely much more important than it seems...by Przemyslaw Radomski via Sunshine ProfitsLast Friday's session didn't bring much of easily noticeable action in the precious metals. While the day-to-day picture remains calm, the mining stocks' move has brought us direct short-term implications. Also, we'll examine the message both the gold-to-silver ratio and silver ar...Read More
RAPAPORT... Newfield Resources will start construction at the Tongo mine in Sierra Leone in the coming weeks, after its board approved final funding for the project. The first diamond production from the mine is expected 12 months after underground blasting begins, the company said last week. "We are delighted to have agreed a funding package that allows us to commence construction of the company'...Read More
RAPAPORT... Sarine Technologies expects to report a loss for the second quarter, ascontinued market uncertainties led to lower demand for its diamond-manufacturing equipment. The net loss will be approximately $1 million, the companycautioned earlier this month, compared with a profit of $4.1 million for the same periodlast year. Sarine also predicted revenue of approximately $11.5 million, a...Read More
RAPAPORT... Two companies dealing in pre-owned luxury jewelry and watches have merged, aiming to tap into what they claim is a $1 trillion market. Circa and Mondiamo will continue to operate under two separate names and logos, but will combine their resources, they said Monday."We are miners - we mine above ground," said OrenSchneider, CEO of Mondiamo parent company Adama Partners, which will...Read More
RAPAPORT...De Beers' rough-diamond sales plummeted 53% this month ascustomers accepted the miner's offer to defer purchases until the marketimproves.Weak polished demand and excess supply in the manufacturingand trading sectors have hurt sightholders' appetite for rough goods, sourcesexplained. As a result, revenues fell to$250 million at De Beers' sixth sales cycle, the company reported Tuesday&n...Read More
De Beers Group published the results of what it calls its "sixth sales cycle" of 2019. The value of this month's sight stood at $250 million, a drop of more than 60 percent compared to the sixth sight of 2018 ($533). The miner reported that its fifth sight, of last month, had generated $391 million, compared to $581 million in June 2018. To date, De Beers' rough sales in 2019 reached $2....Read More
Alrosa, the world's largest national diamond miner, and the Federal Agency for Nationality Affairs (FADN of Russia) signed an agreement on cooperation in the field of preserving the traditional lifestyle of the indigenous minorities of the Russian North, Siberia and the Far East. The agreement was signed by Igor Barinov, head of the FADN of Russia, and Sergey Ivanov, CEO of Alrosa. The main s...Read More
Bulawayo 24 News, a leading online Zimbabwean news provider, reported earlier tis month that Vice President, Retired General Constantino Chiwenga, is looking to engage China, help in the removal of President Emmerson Mnangagwa from office. Mnangagwa's tenure in office is reportedly already hanging by a thread, as a faction in the military close to, wants him to voluntarily resign and make way...Read More
Mondiamo, a high-growth online buyer of pre-owned diamond jewelry, announced it is merging with CIRCA, the global buyer of pre-owned fine jewelry and watches with 12 offices worldwide, creating the world's leading buyer of pre-owned luxury diamonds, jewelry and watches. Consumers own more than $1 trillion of fine jewelry and watches, according to Mondiamo, who estimate the global secondary ma...Read More
De Beers Group’s sales decreased to $250-million for the sixth cycle of this year.This compares with the $391-million of diamonds sold in the fifth sales cycle of this year and the $533-million of diamonds sold in the sixth sales cycle of 2018.Advertisement“With ongoing macroeconomic uncertainty, retailers managing inventory levels, and polished diamond inventories in the midstream con...Read More