Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents' Bankers: The Hidden Alliances that Drive American Power and Col...Read More
Haejin Choi, Hyonhee ShinSEOUL (Reuters) - North Korea said on Sunday its intention to denuclearize, unveiled at a historic inter-Korean summit, was not the result of U.S.-led sanctions and pressure, warning the United States not to mislead public opinion.Impoverished North Korea has been hit by a series of U.N. and U.S. sanctions in recent years in a bid to rein in its nuclear and missile program...Read More
SHANGHAI, May 7 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index surged and hit a four-month high at 92.90 last Friday, given the upbeat economic outlook, despite the nonfarm payrolls came out below expectation.Most base metals rose as the US-China trade negotiations made some progress. LME aluminium jumped 2.6% an...Read More
"The historically, negatively-charged figure of Colonials has too deep a connection to colonization and glorifies the act of systemic oppression." Continue...Read More
Birth rates are plunging almost everywhere. The first chart below shows that even notoriously populous China and India have entered the same reproductive Continue...Read More
The past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish.Continue...Read More
With the support of EarthRights International, the Peruvian Chaupe Family announced this week that they intend to appeal a recent decision by a federal court in Delaware that ruled that their case against Newmont Mining Corporation (NYSE:NEM) should be heard in Peru - not Delaware, where the company incorporated almost 100 years ago.In a press release, EarthRights said that the Chaupes will fight...Read More
SHANGHAI, May 7 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index surged and hit a four-month high at 92.90 last Friday, given the upbeat economic outlook, despite the nonfarm payrolls came out below expectation.Most base metals rose as the US-China trade negotiations made some progress. LME aluminium jumped 2.6% an...Read More
Investing.com - Gold prices will remain vulnerable to further gains in the dollar this week after the precious metal ended slightly higher on Friday but still notched up a third straight week of declines, weighed down by a stronger dollar.Metals traders will be awaiting updates on U.S. producer price and consumer price inflation on Wednesday and Thursday, respectively, amid ongoing speculation ove...Read More
"Based on my data security experience I suggest this wasn't an error but a deliberate effort to provide your passwords to US Govt agencies."Continue...Read More
"If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it but I would never short a dime's worth."Continue...Read More
RAPAPORT... Luxury jeweler De Grisogono will cut 28 jobs atits Swiss operation following disappointing sales. The final figure is lower than the 31 positions it hadpreviously expected to slash, the company said last week. The Geneva-headquartered firm managed to savethree jobs in its home country following a consultation period with staff. Last month, the jeweler announced plans to cut up to 41po...Read More
People keep asking me what President Trump did to deserve credit for progress in North Korea. As a public service, I put together a quick list.Continue...Read More
(IDEX Online) - ALROSA sold 101 special size rough diamonds weighing over 10.8 carats with a total weight of 1751.1 carats for $14.8 million at an international auction in Vladivostok from April 16 to April 27. "We invited to our Vladivostok auction 86 companies from the main world's diamond trading hubs, including Hong Kong, Belgium, Israel, India," said Evgeny Agureev, a member of the mine...Read More
RAPAPORT... Sales of jewelry and other luxury items rose in GreaterChina in the first quarter amid improved consumer sentiment and increasedtourism to Hong Kong, according to government sources.In China, retail sales of gold, silver and jewelry increased8% year on year to $11.74 billion (CNY 74.7 billion) during theJanuary-to-March period, the National Bureau of Statistics of China reportedrecentl...Read More
(IDEX Online) - Lucapa Diamond Company Limited has recovered a gem-quality, 46-carat pink diamond from the Lulo diamond project in Angola. The diamond is the largest gem-quality colored recovered to date from the Lulo mining operations, eclipsing the 43-carat yellow gem recovered in January 2018 and the 39-carat pink recovered in September 2016. Significantly, the 46-carat pink, along with o...Read More
The Turkish government is the latest country to repatriate all of its gold from the US Federal Reserve System. Continue...Read More
RAPAPORT...Alrosa is considering acquiring Kristall Smolensk Diamonds,Russia's largest manufacturer of polished goods. The miner's supervisory board deemed the potential deal"expedient" after examining it on April 28, it told Rapaport News Sunday. "Alrosa...sees that such an acquisition, under certainconditions, can give synergy," a spokesperson for the rough producer said. "Inparticular, [its] c...Read More
Geopolitical uncertainty, especially with regards to Iran, could send the yellow metal higher according to analyst Boris Schlossberg.Continue...Read More
RAPAPORT... Lucapa Diamond Company has recovered a 46-carat pink,the largest gem-quality colored diamond it has found at its Lulo mine in Angola. The stone beat out the 43-carat yellow gem the company foundin January, which previously held first place. Lucapa removed the diamond from Block 4, a new mining project,along with several other "special-size stones" - those above 10.8 carats. The A...Read More