Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
RAPAPORT... Brilliant Earth lowered its revenue guidance as geopolitical and economic concerns began to weigh on retail demand, even after strong first-quarter figures."As the second quarter progresses, we are seeing impact from the uncertain geopolitical and macroeconomic environment, reflected in moderating sales trends and in our updated outlook," cofounder and CEO Beth Gerstein said Thurs...Read More
RAPAPORT... Indian jeweler Titan Company plans to add 600 new stores across 300 cities in the next three years as it pushes ahead with an expansion strategy.The company, which operates brands including Tanishq, Mia, CaratLane and Zoya, is aiming to grow its jewelry business by a factor of 2.5 over the next five years, it said in an investor presentation last week. Titan currently boasts a 6%...Read More
RAPAPORT... The Diamond Club West Coast (DCWC) has chosen its 2022 board of directors, with Moshe Salem set to serve another term as president.Salem, the president of MS Diamonds and Jewelry, has been part of the organization since 1988. He will be joined by Kalpesh Jhaveri and Antranig (Tony) Ayvazian, who were reelected as co-vice presidents of the Los Angeles-based trade group, the DCWC said la...Read More
RAPAPORT... Pandora plans to build a new jewelry-crafting facility in Vietnam that will enable it to expand the business and meet increasing consumer demand.The new site, which will create 6,000 jobs and have an annual capacity of 60 million pieces of jewelry, is set to open at the end of 2024, Pandora said last week. The Danish jeweler will design the factory according to the Leadership in Energy...Read More
(IDEX Online) - Russia stands accused of selling party of its huge $140bn stockpile of gold on the black market, as it seeks to evade sanctions imposed by the US, EU and UK (the world's biggest gold-importing nation).The Switzerland-based Global Initiative Against Transnational Organized Crime says in a report that illicit gold markets and gold laundering are compelling options for Moscow, as...Read More
(IDEX Online) - Artisanal diamond miners in Liberia have received basic training in grading and valuing gems.The move, by the Japanese NGO Diamonds for Peace, is designed to help them avoid exploitation, and to negotiate a fair price for their stones.A trainer from the UK spent two days teaching a group of 25 miners from communities in the northern counties of Bomi and Gbarpolu. Many particip...Read More
(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", has reported $100m of sales in the first three months of 2022, a year-on-year increase of 41.5 per cent.It predicts another strong performance in Q2, despite ongoing geopolitical uncertainties.Net income for the quarter was $3.4m and adjusted EBITDA was $8.4m. The company is forecasting net sales of $450m to $470m for the full year,...Read More
There's an old episode of "The Simpsons" that begins with Homer taking the family to a grocery store. While the family is there, Homer becomes disappointed to learn that he can't afford the live lobster from the tank.At $8 per pound, the price of lobster is just too high for the Simpson household.But that's when Homer gets a bright idea...Instead of buying a full-size adult lobster, he'll purchase...Read More
Echelon Capital Markets' Michael Mueller says "E3 is positioning itself to be a top-tier North American provider of lithium hydroxide monohydrate (LHM)."Demand for battery-quality lithium should substantially increase before the second half of this decade.Although Alberta is far better-known for the oil its ground contains or the wheat that grows upon it, Calgary-based analyst Michael Mueller is m...Read More
Share this article VANCOUVER - Great Atlantic Resources Corp. [GR-TSXV; PH0-FSE] reported gold assays for drill core samples from the fifth drill hole (GP-21-153) of the 2021 diamond drilling program at its 100%-optioned Golden Promise gold property, located within the central Newfoundland gold belt. The hole was drilled at the Jaclyn main zone, located in the northern region of the property. The...Read More
Sprott Money, Released on 5/16/22Subscribe to our weekly newsletter www.sprottmoney.com/news-letterHave questions for us? Send them to [email protected] or simply leave a comment here.Frank Giustra is a Canadian business executive, who has been particularly successful in the mining and filmmaking industries, and is a noted philanthropist. Mr. Giustra started out as an assistant trader and then be...Read More
Fox Business, Released on 5/16/22 (Recorded on 5/12/22)*This interview was recorded on May 12thJeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Ye...Read More
Real Vision, Released on 5/16/22 (Recorded on 5/11/22)*This video was recorded on May 11, 2022The Federal Reserve failed to control demand-side price drivers when it had a reasonable opportunity, and now its suddenly aggressive stance could plunge the U.S. into recession. Danielle DiMartino Booth, CEO of Quill Intelligence, and Jim Bianco, founder, and president of Bianco Research, talk about how...Read More
Financial Survival Network, Released on 5/16/22The markets are stabilizing. Is this the eye of the storm?Are SPACs and NFTs completely over? What about stablecoins?Inflation seems to be accelerating:- Gas prices hit record- Baby formula is in shortage- Bird flu spikes egg prices- Diesel shortage spreadingHilarious Fed news: Bernanke criticizes current FMOC officials for being too dovish. Europeans...Read More
Stansberry Research, Released on 5/16/22"Bitcoin shining during inflation was always a myth," claims Gareth Soloway, president and CFO of InTheMoneyStocks.com. He tells our Daniela Cambone that Bitcoin has never experienced an era without quantitative easing stemming from the Fed, and has a $20,000 high-end and a $12,000 low-end target for the digital asset. "Terra's collapse was insane," Soloway...Read More
Liberty and Finance, Released on 5/15/22 (Recorded on 5/10/22)"The food scarcity is real, and it is going to get a lot worse...The supply chain is in a state of collapse," says Mike Adams, the "Health Ranger," an outspoken consumer health advocate, award-winning investigative journalist, internet activist, and science lab director. "Don't panic," he says, "get prepared.... This is going to be the...Read More
Ron Paul, Institute for Peace and Prosperity, Released on 5/16/22Even by Washington standards, the Biden Administration's recent request for $33 billion for military aid to Ukraine was shocking. Surely a coalition of antiwar progressives and budget-hawk Republicans would oppose the dangerous and expensive involvement of the US in the Russia/Ukraine conflict? No! Not only did Congress not object: t...Read More
TradersChoice.net, Released on 5/16/22Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Cor...Read More
The Income Generation Show, Released on 5/15/22Jon Najarian is a CNBC personality and co-founder of MarketRebellion. inflation, Jon Najarian, recession, stocksJon Najarian: Are We Heading Towards A Recession? added by Herman James on 05/15/2022View all posts by Herman James ?+'Read More
The Epoch Times (via Zero Hedge), Released on 5/15/22You are being manipulated by the algorithm in ways you don't realize.Easy to switch back & forth to see the difference.Continue... Musk warns Twitter users: 'You are being manipulated by the algorithm in ways you do not realize' added by Herman James on 05/16/2022View all posts by Herman James ?+'Read More