Jim, Evan and Phil break down the watershed FOMC meeting this past week. Jim provides his updated reading list.1:00 A startling announcement5:15 2003 redux10:08 E-Z money in the economy15:30 "Tools" and "frameworks" and "challenges"James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the aut...Read More
Gold & silver should have responded to the Fed's reversal in a much more bullish way, yet the metals are looking pretty cheap right now. Matt explains...by Matt from Silver Fortune via Silver FortuneAfter the predictable dovish turn from the Fed, silver and gold should have responded in a much more bullish way. Read More
RAPAPORT... Jeweler Coronet has achieved a new Guinness World Record for themost diamonds set on a watch, it said Friday. The watch, named Mudan, which is Chinese for peony -the "king of flowers" in Chinese culture - features 15,858 diamonds,weighing a combined 50.01 carats. The piece is set in 18-karat gold, and has a 3-D dial painted by jeweler and artist Reena Ahluwalia to look like a diam...Read More
RAPAPORT... The devaluation of the Canadian dollar pushed Mountain Province to a loss in 2018, even as sales grew strongly in the first full year of commercial operations at the Gahcho Ku?(C) mine.The miner reported a net loss of CAD 18.9 million ($14.1million), compared with a profit of CAD 17.2 million ($12.8 million) in 2017,it said last week. The miner sells rough in US dollars, but...Read More
RAPAPORT... Tiffany & Co. reported its best ever annual sales in 2018, despite the challenging economic environment that caused a slowdown in the fourth quarter. "In 2018...net sales surpassed levels not seen since 2014," said Tiffany CEO Alessandro Bogliolo. "Softer trends in the second half of the year reflected, in part, what we believe were external challenges and uncertaint...Read More
RAPAPORT... A twin-stone blue diamond ring will be the top lot at nextmonth's Christie's New York auction, with a presale estimate of $6 million to $8million. The piece, bearing two pear modified brilliant-cut, fancy-vivid-blue, VS2-clarity diamonds weighing 3.06 and 2.61 carats, will go underthe hammer at the Magnificent Jewels sale on April 16, the auction house saidlast week. Christie's w...Read More
Alrosa predicts that the Zapolyarnaya pipe in its Verkhne-Munskoye diamond deposit in west Yakutia may become one of its richest sources for large diamonds. During a week-long experiment conducted earlier this month, about 100,000 tons of ore from the Zapolyarnaya pipe was processed with the goal to establish the quality, color and clarity grades of the diamonds samples and to assess the cost per...Read More
RAPAPORT... Gem Diamonds has recovered a 161-carat rough stone, the first over 100 carats it has reported this year. It found the high-quality, white, type IIa diamond on March 21at its Let??eng mine in Lesotho, the company said Friday. Last year, Gem Diamonds found 15 stones weighing more than100 carats, a record for the company. That haul included the 910-carat LesothoLegend, which sold fo...Read More
The American Gem Society (AGS) will honor three leaders in the jewelry industry at its annual Circle of Distinction Dinner on Tuesday, July 30 at the Plaza Hotel in New York City.Alan M. Zimmer, President and CEO of REEDS Jewelers, Inc., will receive the AGS' Lifetime Achievement Award for his significant contributions to the industry throughout his career. Caryl Capeci, President, Chow Tai Fook N...Read More
Aron Shum, principal of the Hong Kong-based Coronet company, established yet another Guinness World Record, this time for a watch set with most diamonds. The feat was achieved during the earlier this month during Baselworld, the prestigious Swiss watch and jewelry trade fair. It was Coronet's 9th Guinness World Record. The 'Mudan' diamond watch features 5,858 diamonds. The 18-karat gold...Read More
"Attendance was excellent, and people were in a spending mood" is how Dave Siminski, vice president of sales and marketing at United Precious Metal Refining in Alden, New York, described the atmosphere of the 2019 MJSA Expo, which ran March 10-12. Siminski--was among the many exhibitors at this year's show,. Over the course of those three days, more than 3,000 buyers crowded the aisles at New...Read More
Brandon Tatum, a former police officer and Director of Urban Engagement at Turning Point USA, joins Candace Owens for an in-depth conversation discussing police brutality, parenting, Blexit, the 2016 Tucson Trump Rally and much more!PragerU is a 501c3 non-profit organization. To help keep our videos free and produce more content like this, please consider making a tax-deductible donation: https://...Read More
The "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 under management, it has a history of outperforming the S&P 500 Index - with its Global Macro Fund returning 41 percent last year alone. Now the i...Read More
Reporting by Carlos Garcia, Carlos Jasso, Diego Ore and Brian Ellsworth in Caracas, and Maria Tsvetkova and Gabrielle Tetrault-Farber in Moscow; Editing by Leslie Adler and Chris ReeseContinue...Read More
There is an interesting concern rising from the too numerous exchanges for Bitcoin. A study has revealed that the market is being manipulated to create the Continue...Read More
"My current target is $1,374 [an ounce] and that is based upon a Fibonacci extension of the last rally," Wagner told Kitco News.Read More
"We condemn the solitary confinement that Chelsea Manning has been subjected to during her incarceration at William G. Truesdale Adult Detention Center.Continue...Read More
The flooding that just struck the middle part of the country was the worst blow to U.S. farmers in decades, but now the National Weather Service is telling us that it was Continue...Read More
That turns out to be 520 million oz of gold and a nearly 2 billion oz of silver. Now, these Continue...Read More
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