Following the publication of his 'capitalist manifesto' where he called for drastic reforms of the American capitalist system to redistribute wealth and resources more equitablyContinue...Read More
Not so long ago, the major US political parties had very different views on monetary policy. Democrats, representing labor, wanted high government spending, low interest ratesContinue...Read More
The Fed left interest rates unchanged, again. I'm not surprised... But many pundits are wondering if this is Powell kowtowing to The Donald...I can see why they might think that...Continue...Read More
"DOE received a report about a denial-of-service condition that occurred at an electric utility on March 5, 2019 related to a known vulnerability that required Continue...Read More
"The time for talking and having a conversation is over. What Israel and the Jewish community around the world demand is action - and now."Continue...Read More
Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes founded in 2009 by Ethan Brown. Beyond Meat's products became available across the United States in 2013 at Whole Foods supermarkets.Continue...Read More
This company has discovered high-grade gold mineralization extends to a second target at one of its Canadian assets, and also has agreed to an earn-in plan on a separate property. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) announced in a news release it discovered a new gold control in its Dixie Limb zone target at its Dixie project, which "enhances the Dixie Limb as a significant potential...Read More
A Canadian company reported the latest from its expansion underground program at its flagship Arizona project. Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release that additional drill results from its resource expansion program at its Copperstone gold mine "continued to establish continuity between previously drilled mineralized intercepts in the existing Inferred categor...Read More
By: Ira EpsteinGold held up relatively well after the FOMC decision. $1,289.40 resistance:Read More
By: David StockmanThe Donald was at it again in Wisconsin this weekend, reiterating his patented boast that the US economy is booming like never before.We're now the No. 1 economy anywhere in the world and it's not even close," he said on Saturday night at a rally in Green Bay, Wisconsin."At the end of six years, you're going to be left with the strongest country you've ever had," he said.We be...Read More
Interest rates outlook was expected to be kept unchanged by the Federal Reserve. Fed also lowered interest rates paid on reserves. Chairman Powell's statement that that inflation risk appears to have been moderated resulted in fall in gold prices. What next for gold: Wider trading range is at $1249.60-$1263.20-$1280-$1297.10. Overall trend is down as long as gold trades below $1291. Gold needs t...Read More
The cryptocurrency company Grayscale has launched a multi-million dollar marketing campaign imploring investors to drop gold and buy bitcoin. It is a slick video and the campaign is getting plenty of attention, but does it make any sense?The "Drop Gold" campaign kicked off Wednesday and features a 39-second commercial that shows a man and woman who race frantically around a financial district whil...Read More
A week after finalization of the Newmont-Goldcorp merger, operations were suspended at its largest gold-silver mine in Mexico. Here's why it matters...by Steve St. Angelo of SRSrocco ReportIn just a little more than a week after the mighty Newmont-Goldcorp merger was finalized, the company suspended operations of its largest gold-silver mine in Mexico. The Penasquito Mine, which produced more th...Read More
Not only was yesterday's volume almost half of annual production, but we're continuing to see attacks on the COMEX for physical silver. Harvey explains...by Harvey Organ of Harvey Organ BlogMAY 1//GOLD DOWN $1.20 TO $1282.80 AT COMEX CLOSE//SILVER DOWN 23 CENTS//IN ACCESS MARKET: GOLD DOWN TO $1276//SILVER DOWN TO $14.67//FOMC: DANGEROUS: THE FEDS' LOWER IOER AS COLLATERAL AROUND THE WORLD DISAPPE...Read More
RAPAPORT... The major diamond miners have weighed in on the debateover which diamonds are more ethical, claiming their production uses less than one-thirdof the energy it takes to create a diamond in a lab. The operations of companies that make up theDiamond Producers Association (DPA) emitted an average of 160 kilograms ofcarbon dioxide (CO2) per 1-carat of polished diamonds produced in 2016...Read More
Reduced trading due to shorter Labor Day week andongoing general elections. Volatile rupee making traders cautious. Feweroverseas buyers in Mumbai due to recent Passover and Easter holidays.Manufacturers cutting production instead of diamonds. Liquidity tight, inventoryinflated. Jewelers preparing for May 7 Akshaya Tritiya Hindu festival, apopular time to buy gold. RoundRead More
Polished market quiet, with dealers doingbetter than manufacturers. Steady US demand for 1.00 to 1.50 ct. goodssupporting the trade, but prices continue to soften. 1 ct. RAPI -0.5% in April.Suppliers preparing for Vegas shows, hoping new JCK venue will help boostsentiment and sales. Far East buyers selective. High expectations for Mother'sDay as NRF predicts jewelry sales will be strongest growth...Read More
RAPAPORT... US retail sales showed their largest gain since September asthe economic and financial outlook stabilized, according to the National Retail Federation (NRF). Total purchase value grew 3.6% year on year in March, with salesrising in nearly every retail sector on a month-to-month basis, the trade organization reported earlier this week. TheConference Board's Leading Economic Index -...Read More
RAPAPORT... Global demand for gold jewelry rose 1% year on year to 530.3tonnes in the first quarter, buoyed by strong demand from the Indian market,the World Gold Council (WGC) reported Thursday. The market for gold jewelry in the country grew 5% to125.4 tonnes in the three months ending March 31, as local prices for the metal droppedsharply in the first week of March. Consumers took advantag...Read More
The Diamond Producers Association (DPA), released a research report, entitled The Socioeconomic and Environmental Impact of Large-Scale Diamond Mining, on the socioeconomic and environmental benefits and impacts on local communities, employees and the environment by the mining activities of its own members.DPA Members generate more than US$16 billion in net socioeconomic and environmenta...Read More