Dark day for internet freedom: The @Europarl_EN has rubber-stamped copyright reform including #Article13 and #Article11. MEPs refused to even consider amendments. The resultsContinue...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/cashl...Question 1. Mike R: Do annuities keep pace with inflation so I can at least hold onto my purchasing power during the term I hold it?Question 2. Larry G: What happens with the cash you are holding if they force us to go cashless? Will we be given a chance to redeposit?Question 3. Evan W: You talk about the melt up and melt down...Read More
As more and more candidates throw their names into the Democratic nomination hat, DOUBLE DOWN looks at some of the more interesting economic platforms announced thus far...Continue...Read More
"We believe this to be the first such effort of this kind nationally and the circumstances we face here clearly call for that...Rockland will lead the way in service and safety to the people here."Continue...Read More
Since last spring we’ve written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks. The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.At present the Federal Reserve is in pause mode and the market is on the cusp of pricing in a rate cut. Friday, Fed funds futures showed a 56% chance...Read More
By: Dave KranzlerThe news headlines explained the sudden jump in the S&P futures this morning by stating that "recession fears had faded." Just like that. Overnight. I guess the fact that the housing starts report showed a 9% sequential drop in housing starts last month and and a year-over-year 10% plunge means that the housing market is no longer considered part of the economy.That report...Read More
By: DAVID Chapman "Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state." Carl Menger, economist, founder of the Austrian School of Economics, 1...Read More
Stocks erased their weekly gains and bond yields fell on Friday as investors reacted to a number of economic developments. Chief among them were a Treasury yield curve inversion, the first since before the financial crisis, and continued slowdown in the pace of U.S. manufacturing expansion.I had my eye on several other market-moving news items, some of which I share with you below. 1....Read More
COLORADO SPRINGS, Colorado, March 26, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") announced today its Nevada Mining Unit's exploration plans include targeted expansion of the Isabella Pearl (IP) open pit deposit by testing the adjacent Civit Cat North. Additional nearby targets with open pit potential include "Scarlet", where numerous high-grade...Read More
By: Avi GilburtBack in the 1940's, Ralph Nelson Elliott once noted:At best, news is the tardy recognition of forces that have already been at work for some time and is startling only to those unaware of the trend.So, rather than be startled by the news of the past week, I have been trying to warn anyone who was willing to listen that if you want to know what the Fed is going to do, simply read t...Read More
By: IRA EPSTEINGold pushing top of the Bollinger band resistance. Higher lows and higher highs, gold overbought but benefiting from...Read More
Buy Gold, Sell Stocks Is the Trade of Century is our latest weekly perspective. Watch this video on Buy Gold, Sell Stocks Is the Trade of CenturyThe "trade of the century" is to buy gold and sell stocks as risk assets are due for another meltdown.It's only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC. While the Denver-based firm has only about $50 million...Read More
RAPAPORT... Impairment charges resulting from tax changes ledGemfields to a loss of $60.4 million in 2018, it said Monday. The group reported a profit of $45.1 million the previousyear. Last year, the Zambian government introduced a 15% export levy thatrequired Gemfields to have its Kagem emerald mine revalued. This contributed toa $26.6 million devaluation, which included an inventory impair...Read More
RAPAPORT... Botswana Diamonds will begin bulk sampling and diamondproduction from its Thorny River project in South Africa in May. It will then ramp up output to 20,000 tonnes a month, thecompany said Monday. The kimberlite ore will be processed at a nearby plant,which is currently being refurbished. In the six months ending December 31, the miner reported aloss of GBP 190,000 ($251,347). It...Read More
RAPAPORT... Global jewelry sales grew 4% to $85.9 billion in 2018 despite a weaker second half, according to market research Russian miner Alrosareleased. The growth was slower than the 5% increase Alrosa reported for the previous year. North American sales grew 4% in 2018, with the region accounting for more than half ofoverall revenue, the company said Monday. In the first half of the year...Read More
RAPAPORT... Gem and jewelry exhibitors gave mixed responses tochanges at the struggling Baselworld show, with many stillundecided as to whether they would return to the trade fair.Visitor traffic was relatively light throughout thesix-day event, which ends Tuesday, with Saturday and Sunday seeing the strongest activity.Attendance was so sparse in the gem halls that someexhibitors tried to poa...Read More
The Antwerp World Diamond Centre (AWDC) and the Alibaba Group are selling Antwerp-sourced diamonds in an online flagship store called "Shape of Antwerp" Tmall. As the world's second-largest market for polished diamonds, China is generating tremendous opportunities for the diamond consumer market as a whole. T-Mall, Alibaba's B2C marketplace, reportedly is the largest B2C platform in Ch...Read More
Alrosa, a world leader in diamond mining, reported that global sales of diamond jewelry had grown four percent 2018 compared to the previous year, reaching $85.9 billion. In 2017, the global jewelry market grew with five percent, compared to 2016. The firm said that the lower numbers for 2018 growth were a result "of a slowdown in key consumption markets in the second half of 2018." While in the f...Read More
Diamond Services, the Hong Kong-headquartered developer of technological systems and services for detecting treated diamonds, laboratory grown diamonds (LGDs) and simulants is introducing a new device which widens the range of detectable merchandise to include all rough and polished stones in the lower yellowish-to-light-brown colour ranges. Like other detection apparatus developed by Diamond Ser...Read More
South Australian drilling company Marmota Limited has identified new gold deposits in Goshawk territory and outside the discovery zone based on the biogeochemical testing of tree leaves for minerals. Recent results surrounding a December assay test at the Aurora Tank in the far north of South Australia has yielded levels of high-grade gold intersections - 88 grams per tonne of gold in existing are...Read More