Dave KranzlerIn April credit card debt was once again the largest contributor to the new all-time high in consumer debt, increasing by $7 billion vs. a decline of $2 billion in March. Student loan and auto debt hit all-time highs of $1.6 trillion and $1.16 trillion, respectively. I found the credit card debt numbers interesting because a report released by Experian showed that 23% of Americans n...Read More

Stefan GleasonThe 2020 presidential election is already shaping up to be one of the most bitterly contested in history. The outcome could have enormous ramifications for all asset markets, including precious metals.In the meantime, a lot can happen before November 2020 - especially with the Federal Reserve apparently set to turn dovish and cut interest rates this summer.Some historical research...Read More

By: Stewart Thomson, Graceland Updates 1. A lot of Americans getting a myriad of government entitlements thought that President Trump would recreate the 1950s for them. 2. If Trump had eliminated the PIT (personal income tax), capital gains tax, and corporate income tax, I've estimated that around $100 trillion in capital would have surged into America.3. That w...Read More

Although there are a dozen good reasons why the bull market should flame out, like, tomorrow, there's nothing in the long-term charts to suggest this is likely. A friend and fellow permabear sent me an Elliott Wave theorist's prediction that the sensational run-up begun more than ten years ago could continue for another three or four years. This is based on a five-wave Elliott pattern that is cu...Read More

I am getting bullish on euro and pound. I also expect more losses for the US dollar index and gains for Asian currencies against the US dollar. A currency war can be unleashed by Trump anytime. Trump believes that nations will use currency depreciation to offset higher tariffs. The Federal Reserve will take direct and indirect measures to ensure the competitiveness of the US dollar. This implies...Read More

Being on the forefront of breakthroughs in technology hasalways been a surefire way for investors to realize huge gains. Some massivefortunes were made during the dotcom boom, for example. Even after that initial euphoria came and went, investing incompanies that were set to take full advantage of new market opportunitiescreated by the internet such as Amazon, PayPal, or Ebay remained a recipe for...Read More

The Gold Silver Ratio is now reaching levels near 90, or as high as nearly 26 years ago.Lost on many market observers is the +6 year divergence from silver values versus the US stock market.by SDBullion BlogThe new 2019 'In Gold We Trust Report' just went live and downloadable.A now 13-year running annual report on gold and financial markets has become a must-read for anyone deep in the physical...Read More

While uranium oxide prices continue to drift in the doldrums, several uranium companies have still raised a bit of money to explore and carry out modest programs. Here is a look at eight uranium-focused companies that are active in 2019.ALX Uranium, Appia Energy, Azincourt, Denison, Global Atomic, Orano, Plateau Energy, and Zadar VenturesContinue reading at The Northern Miner. Read More

RAPAPORT... Online retail giant Amazon has implemented a new tieredreferral fee that will reduce the cost of selling jewelry and watches on itssite. The change will primarily apply to the retailer's partnersoffering higher-priced luxury items, and could potentially attract more sellerswho wouldn't have listed under the steeper rates. The new fees took effect onJune 5, according to Amazon's se...Read More

RAPAPORT... The community of Fandehun is not used to pomp and ceremony.The modest village in the heart of Sierra Leone's Kono District has beensustained by diamond mining for over 50 years but lacks the basics many takefor granted - notably, safe drinking water. Women, and often children, walkmiles to fetch water from a neighboring village, and they tend to use the samesource for all their ne...Read More

 RAPAPORT... Geologists have discovered the first new kimberlite pipe in over 20 years at the Gahcho Ku?(C) mine in Canada, shareholder Mountain Province reported Tuesday.The find comes nearly three years after production launched at Gahcho Ku?(C), a joint venture between Mountain Province and De Beers Canada. Mining is focused on three kimberlite pipes, and the new discovery - named Wil...Read More

Glenn Nord, a former president of the Gemological Institute of America (GIA) passed away on Sunday, June 9. Throughout his more than 50-year association with GIA, Nord was a student, instructor, president and member of the Institute's Board of Governors. GIA published a news release that said that Nord's "contributions are numerous, his influence far-reaching and his legacy enduring. His...Read More

Alrosa, the world's largest diamond miner in volume, said that in May of this year it had sold $266 million of rough and polished diamonds. Rough diamond sales amounted to $261.1 million, while polished diamond sales stood at $5 million. The Russian miner's total rough and polished diamond sales in the January-May period came to $1.589 billion - $1.5649 billion of rough and $24.1 million...Read More

For more than 1000 years, India was the world's principal producer of diamonds, with Arabs and Persians dominating the trade between India and Europe. In those days, diamonds were valued mostly for their talismanic properties or as carving tools, owing to their extreme hardness and the fact that it was impossible to cut and polish them into beautiful gems. On June 19, Christie's in New...Read More

A license to operate a diamond mine in Angola has returned to the state because the company to which it had been granted, Sociedade Mineira de Camachia Camagico, had accumulated debts in excess of US$530 million, it was reported in the Angolan press. The decision announced on Saturday by the president of Angolan diamond company Endiama, Ganga Junior, is due not only to debts to creditors, supplier...Read More

TSX- and Nasdaq-listed Mountain Province Diamonds has discovered a new kimberlite at its Gahcho Kué joint venture (JV) leases – the first to be discovered in the area in more than two decades.The Wilson kimberlite, which was named after Canada’s first female geologist, Alice Evelyn Wilson, is located about 200 m east of the Tuzo kimberlite and is well within the openpit mine pla...Read More

Marange villagers have expressed unhappiness after military backed Anjin Investments, that left a trail of destruction and empty promises resurfaced to start operations under unclear circumstances, various media sources in Zimbabwe reported . Anjin Investments was part of the multi company regime which commenced formal diamond mining at Chiadzwa after the discovery of the precious mineral. Its sha...Read More

Altech ticks boxes on path to production SPONSOREDaltech chemicalsIt is a question that the two mining heavyweights are grappling with now, as they should be, given there is a growing body of thought that steel demand has peaked just as scrap recycling in ChinaRead More

The prospect will be tested with the next phase of drilling, though the exact timing of the work wasn't specified by Hot Chili.Read More

U.S. equity index futures moved lower this morning. S&P 500 futures were down 5 points in pre-opening trade.Index futures were virtually unchanged following release of the May Consumer Price Index report at 8:30 AM EDT. Consensus was an increase of 0.1% versus a gain of 0.3% in April. Actual was an increase of 0.1%. Excluding food and energy, consensus for the May Consumer Price Index was an i...Read More