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
The Fed left its monetary policy unchanged. However, the lack of any action amid economic recovery is dovish – good news for gold.On Wednesday (Apr. 28), the FOMC has published its newest statement on monetary policy . The statement wasn’t significantly altered. The main change is that the Fed has noticed the progress on vaccinations and strong policy support, and that, in consequence,...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
It's not only what was said, but who said it, that matters. Precious metal investors, take notice...By Matt from Silver Fortune via Silver FortuneIt's not only what was said, but who said it, that matters. Precious metal investors, take notice.FULL SHOW NOTES AND LINKS HERE Read More
RAPAPORT... Berkshire Hathaway, which owns Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, saw retail sales jump in the first quarter as the market bounced back from last year's downturn.Revenue in the retail segment rose 21% year on year to $4.35 billion, according to Warren Buffett's conglomerate, which does not break down figures for its jewelry brands. Pretax earnings for the retail...Read More
RAPAPORT... Titan Company's sales and profit jumped sharply in the first three months of 2021, benefiting from lower gold prices and a favorable comparison with last year's shutdown.Group revenue - including subsidiaries - rose 59% year on year to INR 75.51 billion ($1.02 billion) in the fourth fiscal quarter ending March 31, the Indian jewelry retailer reported Thursday. Net profit leaped 66...Read More
(IDEX Online) - Tiffany & Co is launching its first ever range of engagement rings for men.It says that after introducing the diamond engagement to the world (for women) back in 1886, it's "marking a bold new era of love" with its Charles Tiffany Setting.That's widely understood to refer to the rise in same-sex marriages. Six styles are currently on its website, made of platinum...Read More
RAPAPORT... Mene, an online retailer that prices its precious-metal jewelry based on weight, reduced its net loss for 2020 as the average value per order increased.The company reported a 51% decline in its net loss for the year ending December 31 as the average order value rose 63% to CAD 1,530 ($1,235), the Toronto, Canada-based company said last week. Sales of gold products grew 21%, while plati...Read More
(IDEX Online) - Rounds and fancies saw little movement through April, although price increases slightly weighed decreases. There was little movement among the smallest round goods, under 0.30-cts although 0.45-0.49-cts were busy, with an even split between prices moving up and down. The most notable category was 3.00-3.99-cts, which saw widespread price drops among I1-I3 clarities. Price rises pre...Read More
(IDEX Online) - Two brothers have been arrested over the murder of a jeweler at her store in Indianola, Mississippi, USA.Jamie Iverson, 67, was shot in the head after two masked men walked into Paul's Jewelry, where she was working alone last Friday morning (23 April).Daquarius Wright, 20, and Kenterius Wright, 19, both face a single capital murder charge. They were arrested last Tuesda...Read More
RAPAPORT... Tiffany & Co. has created its first ever line of engagement rings for men in an effort to appeal to a broader client base.The collection, named after the jeweler's founder, Charles Lewis Tiffany, is part of an effort to promote "love and inclusivity" and "[pave] the way for new traditions to celebrate our unique love stories," Tiffany said last week. Tiffany will offer the signet-s...Read More
RAPAPORT... Greenland Ruby, a miner of rubies and sapphires in the island nation, has reached an agreement with a specialist financier for an $18 million working-capital facility.The financing, spread over three tranches, is "believed to be one of the largest" in the history of colored gemstones, the company said in a recent statement. The deal with Nebari Natural Resources Credit Fund I will...Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman exploration"We produced more copper, kept direct costs low and made progress in achieving better management in all areas, which was supported by a good price of the metal," said Codelco chair Juan Benavides.Read More
HUT 8 Stock ???EUR???EUR39% off Coupon EXPIRING **May 5** Code is ToTheMoon on the Stock, Real Estate, Youtube, or Sales Programs???EUR???EUR https://metkevin.com/join ?,??,? Up...Read full newsRead More
Gold stocks' latest young upleg is far less likely to be derailed by big gold selling.Read full newsRead More
Red Lake in Ontario has produced nearly 30 million ounces of gold over the past 85 yearsRead full newsRead More
Affinor Growers Inc. announced that it had chosen Tesla products to store alternative energy for the greenhouse. The solar photovoltaic system installed by the company compensates for electricity consumption, reducing operating costs throughout the year, and Tesla Powerwalls will provide a water irrigation system.Read full newsRead More
Right now is the perfect time to make portfolio adjustment for those looking to cycle into new long-term positions. This current environment is one filled with stocks with sky-high valuation multiples. Accordingly, finding great long-term core portfolio positions at reasonable prices is difficult.However, these three stocks are ones I think fits this profile perfectly. So, let’s jump into it...Read More
The stock market continued to set new record highs in April. While big tech stocks may look overvalued after the recent record-setting market rally, some top TSX stocks from other industries still look cheap — despite their continuously improving fundamentals. Here are three such Canadian stocks that you may want to include in your portfolio today to get outstanding returns.AutoCanada stock...Read More
The ultra-rich in America are worried about the Biden Tax Plan. Trillions in new taxes will affect the wealthiest in the United States. The Biden administration will raise the top income and capital gains tax rates, and the richest 1% of taxpayers will carry the burden.According to the White House, the top income tax rate will increase to 39.6%. Garrett Watson, a senior policy analyst at the Tax F...Read More