RAPAPORT... PC Jeweller plans to reduce its exports by more than aquarter during the current fiscal year as it looks to minimize its credit needsin a tighter Indian lending market. The company receives payment for exports several monthsafter a transaction, and therefore has to take bank loans to buy raw materialsand support the business, Sanjeev Bhatia, PC Jeweller's chief financialofficer, t...Read More
RAPAPORT... Sales of jewelry and other luxury goods in Hong Kong beganto rebound in October after a typhoon drove tourism rates down theprevious month. October sales grew 3.3% year on year to HKD 6.87 billion($878.2 million) for jewelry, watches, clocks and other valuable gifts,according to data the Census and Statistics Department released last week.Total retail sales in Hong Kong increased 6% to...Read More
(IDEX Online) - The International Jewelry & Diamond Conference (Guangzhou) 2018 organized by Guangzhou Diamond Exchange and Guangdong Gems & Jade Exchange and co-organized by the Antwerp World Diamond Centre (AWDC) was held last week. More than 600 delegates from Brazil, Thailand, India, the U.S., Ukraine, Senegal, Belgium, Britain, the Netherlands, Lebanon, Canada, Singapore, Bots...Read More
(IDEX Online) - A survey released by the Diamond Producers Association (DPA) and KRC Research found that over 53 million Americans (21%) plan to purchase a diamond between Thanksgiving and Valentine's Day, with men and millennials most likely to purchase them. Of those who plan to buy a diamond, more than 20 million plan to buy a diamond engagement ring. The survey confirmed that the...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineThe company says it expects to produce first copper from the in-situ recovery project in Arizona next year."With the...Read More
Some progress at the Group of Twenty (G20) summit on US-China trade has given the three-month base metals prices on the London Metal Exchange a boost, up by an average of 1.4%. The LME zinc price gained 1%, while copper was up 1.9% and recently quoted at $6,314 per tonne. Volume across the complex has, not surprisingly, been strong with 14,686 lots traded as at 6:53am London time. The precious met...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 39 points in pre-opening trade. Strength is related to an agreement between China and the U.S. to postpone trade tariff escalation for the next 90 day. The Shanghai Composite Index jumped 67 points to 2,655.Caterpillar gained $5.93 to $141.60 after Bank of America/Merrill upgraded the stock to Buy from Neutral.Costco s...Read More
Late Saturday the American Caesar emerged in triumph, his head wreathed in laurel, his frame draped in the imperial purple.He had come, he had seen... and he had conquered.After talks with China's Xi Jinping in Buenos Aires, Trump claimed China would be "opening up" to American wares and "getting rid of tariffs."The Washington Post lists the terms of victory:In return for shelving a major escalati...Read More
"I will not be the one to break the peace we have made here today."With those words, the Godfather, Don Corleone, played by Marlon Brando, ended the war among the five mafia families in New York. This peace was hammered out at a dinner among the heads of the five families.This weekend the eyes of the world were on Buenos Aires, where President Trump, China's President Xi Jinping and some top aides...Read More
If you remember, in 2011, Berkshire Hathaway invested $5 billion in preferred shares of Bank of America, which was struggling at the time with numerous legal issues in the wake of the subprime mortgage crisis.He's done it again.It was revealed that Warren Buffett's Berkshire Hathaway invested billions of dollars in bank stocks during the third quarter, including a $4 billion position in JPMorgan C...Read More
The first, and most obvious, is that China's appetite appears to have largely been satisfied with the country's economy slowly switching from heavy manufacturing to an increased focus on servi...Read More
U.S. markets surged in the trading week with a revised North American trade pact. The U.S.-Mexico-Canada (USMCA) agreement, signed on Nov. 30, replaces the 24-year-old North American Free Trade Agreement. The Dow Jones Industrial Average jumped 5.16% to 25,538.46 and the S&P 500 Index rose 4.85% to finish at 2,760.17.An upward guidance revision for its Fosterville mine in Australia propelled Kirkl...Read More
On Nov. 30, Burkina Faso government security forces were attacked on the road between Semafo's (TSX: SMF) Fada and Boungou mine, about 40 km away, leaving four gendarmes and a driver dead.No Semafo employees were involved, "but senior management continues its discussions with the government regarding the security of the public road," the company states in a press release on December 3.John Jentz,...Read More
Infill drilling in the southwestern part of the Marathon gold deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold (TSX: MOZ) reports.The company recently completed its 41,000-metre stepout and infill drill program for 2018, and assays include 5.36 grams gold over 11 metres from 26 metres below surface in hole 18-330; 3.63 grams gold over 10 metres from 134 metre...Read More
The Peter Schiff Show Podcast - Episode 419RATE AND REVIEW this podcast on Facebook.https://www.facebook.com/PeterSchiff/...Interest Rates and Trade War - The two things that everybody seems to agree were weighing down the markets were the Fed's relentless drive to normalize interest rates, and figure out where "normal" was, and, of course, the trade war - the threat of additional tariffs overhang...Read More
There's a reason why Gwen Preston calls herself the Resource Maven. She's a believer in the long term viability of the mining industry. If you don't believe it, look around your home and think what would be left if we didn't have copper. While it's been trading below $3 a pound for quite a while, it can't stay that way, because demand will keep increasing and we will hit a supply shortage. New sou...Read More
Palladium logged a record high on Tuesday, buoyed by speculative interest and tight suppliesContinue...Read More
Kevin Hart is no stranger to #WildNOut ??(TM)OE Peep some of the most HILARIOUS moments from our favorite unofficial cast member here! ??~,#KevinHart #WildNOut #MTVSubscribe to stay updated on the newest content! http://goo.gl/YuLQAoMore from Wild 'N Out!Official Wild 'N Out Website: http://www.mtv.com/shows/nick-cannon-...Wild 'N Out Twitter: https://twitter.com/wildnoutWild 'N Out Instagram: htt...Read More
*This interview was recorded on 12/3/2018Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journ...Read More
"As a matter of our policy, we want to end all of those subsidies...And by the way, other subsidies that were imposed during the Obama administration, we are ending, whetherContinue...Read More