Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Bitcoin surged to almost $8,000 on Monday and didn't look back, as its longest winning streak in six years continued to rekindle theContinue...Read More
Saudi Arabia says two of its oil tankers had been sabotaged near the United Arab Emirates in an important shipping lane that sees a large amount of oil transported each yearContinue...Read More
Gold is threatening to breakout to the upside out of a trading range with $1280 on the bottom and about $1292 on topContinue...Read More
Sector expert Michael Ballanger muses on the effects of Twitter and political maneuvers on the markets, and specifically on a favorite gold explorer. I have a confession to make: There are no free markets anymore; there are only interventions. Of course, I bow to Gold Anti-Trust Action Committee (GATA) cofounder Chris Powell, who coined that brilliant phrase a few years ago, because it was certai...Read More
StrengthsThe best performing metal this week was gold, up 0.54 percent. Gold traders ended the week neutral on the price of gold as many are awaiting more details on the trade talks between the U.S. and China, according to the weekly Bloomberg survey. The BullionVault gold index measuring the balan...Read More
By: David HaggithSo much for the trade war being "good and easy to win." Let's be honest. Trump has been grinding away on it for almost a year now, and China has barely flinched in its negotiations. On Friday the tariff war became personal because it will now tap your own budget and every business budget in town.If you think Trump's boosting of the amperage means China will settle quickly, you m...Read More
My minimum upside target for the S&P 500 is still 3095, about 7.4% above these levels, and I am sticking with it. A corresponding rally in the Dow Industrials would leave them just shy of 28,000. Let me also mention that last week's nasty selloff would have tripped a 'mechanical' buy signal if the S&Ps had fallen just a little farther. The rally targets are purely technical and go directly aga...Read More
Traders will prefer to be long gold than short gold. I was hoping that sense will prevail in Trump and that a trade deal would be done with China on the weekend. Trump tweets suggest that he has refused to budge and will not budge for the rest of the his term which ends in January 2021. It is very difficult to predict the real long term impact of the US-China trade on China and rest of the wor...Read More
Mr. Maximilian Sali reportsBARRIAN MINING CORP. PROVIDES UPDATE ON BOLO WORK PROGRAMBarrian Mining Corp. has provided an operational update at its flagship Bolo gold property in Nevada.Barrian has recently completed its induced polarization and resistivity (IP/res) survey at Bolo. The survey comprises a total of approximately 11 line kilometres over nine lines targeting the mine fault and other mi...Read More
SD Outlook: The near-term sure does look bearish for gold & silver heading into the week, which is exactly the reason it's called an "upside surprise"... The dog-n-pony show that is the trade war will need to share the stage this week.With what?The Fed playing make-believe with the "markets":Monday and Tuesday are just the warm-ups.In preparation for the Kashkari Soliloquy, followed by the Friday...Read More
RAPAPORT... Cartier and Van Cleef & Arpels have filed a lawsuitagainst a Florida jeweler, claiming willful infringement on a number of theluxury jewelers' famous trademarked collections. Scott King, registered for business as Florida Diamond Brokers andKing Jewelers, allegedly sold imitations of jewelry belonging to theRichemont-owned divisions, the May 6 suit, filed in the US District Co...Read More
RAPAPORT... Sales at Alrosa fell 21% year on year to $318.7 million inApril amid a continued slowdown in the Indian manufacturing sector. Rough-diamond sales dropped 20% to $315.8 million for themonth, while polished revenue plummeted 68% to $2.9 million. "In the first months of 2019, the global diamond market saw somewhat weaker demand from cutters and polishers due to both diamond-stocknorm...Read More
RAPAPORT... Watches of Switzerland will proceed with an initial publicoffering (IPO) on the London Stock Exchange in an effort to reduce its debt and support growth.The UK-based luxury-watch retailer plans to raise approximately GBP 155million ($201.6 million) by selling new and existing company shares, it said last week. It will use those funds to pay offits current GBP 120 million ($150.1 m...Read More
The online publication FirstPost reported earlier this month that India's Central Bureau of Investigation (CBI) had registered "a fresh case against absconding diamantaire Jatin Mehta, Winsome Diamonds and Jewellery and a Jordanian Hathyam Salman Ali Obaidah for allegedly cheating Bank of India for Rs 82.55 crore [approx. $12 million]." During the past years, CBI filed at least six...Read More
The Second Standing Committee of Macau's Legislative Assembly has begun discussing the proposed law for the Kimberley Process Certification Scheme (KPCS) to come in effect in the city as of October of this year. To make the October deadline, the KPCS law will need to be ratified by the Legislative Assembly before August 15, before it adjourns for a long recess, the president of the Commi...Read More
Leo Schachter (1924), a prominent diamantaire and founder and owner of Leo Schachter Diamonds, passed away on May 11, 2019. He established Leo Schachter Diamonds in New York in 1952. The company became a global leader in the midstream, from diamond manufacturing to jewelry setting. The Israeli branch of the firm belonged to the country's top exporters since the early 1980s. As second generat...Read More
Junior miner Lucara Diamond Corp reported its results for the quarter ended March 31, 2019. The company said that with respect to all mining and processing activities it recorded the best quarter in the Karowe mine's history. It recovered 132,336 carats, achieving a recovered grade of 15.9 carats per hundred tons processed. Among these were a 240-carat top white gem and a 223-carat high white...Read More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicals"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingForum's first drill hole at the project la...Read More
U.S. equity index futures moved lower this morning. S&P 500 futures were down 55 points in pre-opening trade. Index futures responded to a stalemate on trade between the U.S. and China. The Shanghai Composite lost another 1.21% to 2903.71.Crude oil gained $0.78 to $62.44 after two Saudi oil tankers were attacked near the Strait of Hormuz.Prudential Financial (PRU $101.27) is expected to open l...Read More