Today, the Fed announced that large US banks passed a new (phony) stress test and were allowed to do share buybacks again. Fed sees 'strong capital levels' at banks after stress tests, green lights share buybacks https://news.yahoo.com/fed-sees-stron...Fed allows banks to resume share buybacks, JPMorgan stock jumps 5% https://www.cnbc.com/2020/12/18/fed-t...Fed loosens restrictions on bank share b...Read More

David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More

Bob Hoye is a trained geologist, successful resource investor and economic historian. Bob is the chief investment strategist for chartsandmarkets.com.Read More

"The 2020 presidential election witnessed an unprecedented and coordinated public-private partnership to improperly influence the 2020 presidential election on behalf of one particular candidate Continue...Read More

"U.S. authorities have found that malign actors are increasingly using CVC to facilitate international terrorist financing, weapons proliferation, sanctions evasion andContinue...Read More

"Climate change is one of the major challenges of our time.""We are already seeing elevated financial losses associated with an increased frequency and intensity of extreme weather events."Continue...Read More

"We know that the terrible pain we are feeling has been and continues to be felt by so many others so our sympathies go out to them. May God be with you and may you cherish your blessings, especially at this time of year."Continue...Read More

"We do not see evidence that bitcoin's rally is cannibalizing gold's bull market and believe the two Continue...Read More

As Huey pushes his cart of rocks out of the dark and up the hill…In NFTRH we did a lot of work managing the oncoming correction, the valid reasons behind it (these reasons are beyond the scope of this post, but don’t listen to the perma-bulls, they were more than valid and readable in advance), the now nearly 5 month old correction (technically still intact) and more recently the impr...Read More

Here are five Fastmarkets stories you might have missed on Friday December 18 that are worth another look.Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain,...Read More

Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain, the companies said in a press release on Tuesday December 15. Both companies have the shared goal of significantly reducing carbon emissions across the entire steel...Read More

Usiminas increased its output and domestic sales volumes over the past 45 days from first-quarter and 2019 volumes, the Brazil-based flat steel producer said in a filing to Brazilian securities and exchange commission CVM.It produced 533,000 tonnes of rolled steel between November 1 and December 15, or around 11,800 tonnes per day, up by 0.2% from the daily average in January-March this year and b...Read More

Here are five Fastmarkets stories you might have missed on Friday December 18 that are worth another look.Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain,...Read More

Here are five Fastmarkets stories you might have missed on Friday December 18 that are worth another look.Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain,...Read More

RAPAPORT... Indian dealer Nehal Modi was charged Friday with grand larceny for allegedly stealing $1.4 million in diamonds from a New York wholesaler in a multipart scam.In March 2015, Modi - the brother of infamous Indian jeweler Nirav Modi - borrowed nearly $800,000 worth of diamonds from LLD Diamonds for a purported deal with Costco, prosecutors said Friday in a court filing. However, instead o...Read More

RAPAPORT... Angola state diamond trader Sodiam has received interest from a number of major tender houses and other providers wishing to establish service centers in the country's new diamond exchange.The Angolan Diamond Bourse (ADB), due to be operational by the end of 2021, will consider offers from tender houses Bonas Couzyn, based in Antwerp; South Africa-based First Element; UK-headquartered...Read More

RAPAPORT... The pandemic has altered how US consumers shop for engagement rings, rather than having a major impact on the amounts they spent, according a survey by wedding resource The Knot.Proposers made greater use of online tools during Covid-19, for example, by spending time researching rings on the internet or connecting with jewelers on social media, the organization said Thursday in it...Read More

RAPAPORT... The Responsible Jewellery Council (RJC) is preparing a new 10-year plan for ensuring the organization and its members achieve the UN's sustainable-development goals (SDGs). The "Roadmap to 2030 and Beyond" will outline how the RJC intends to meet these goals, and how members can align their operations and reporting with them, the council said last week. The document will also expl...Read More

RAPAPORT... Rio Tinto achieved record value at its 2020 Argyle Pink Diamonds Tender, after bidders raised prices for the rare stones as supply has come to an end.The company offered 62 pink, red, blue and violet stones, weighing a total 57.23 carats. It allowed participants to view the goods using livestreaming and a virtual portal at locations in Antwerp, Singapore and Perth, Australia,...Read More

(IDEX Online) - A brother of fugitive billionaire Nirav Modi has been charged in the USA with a $1.4m diamond fraud.Nehal Modi, a Belgian citizen, is accused of "grand larceny in the first degree" for allegedly obtaining gems by fraud from the wholesaler LLD Diamonds USA, in Manhattan, New York, in 2015. He has been indicted by the New York Supreme Court.He allegedly claimed the diamonds would be...Read More