RAPAPORT... Watches of Switzerland reported strong sales growth in its fiscal fourth quarter, reflecting increased demand for luxury jewelry and timepieces, as well as a boost from newly opened and acquired stores.Group revenue jumped 39% year on year to GBP 304 million ($379.8 million) over the 13 weeks ending May 1, the UK-based company said last week. The equivalent quarter in 2021 comprised 14...Read More
RAPAPORT... Jewelry sales at Richemont grew 49% for the full fiscal year as the global market recovery enabled the luxury retailer to record its highest-ever annual total for the category.Proceeds from the segment rose to EUR 11.08 billion ($11.7 billion) for the 12 months ending March 31, Richemont said last week. The increase was driven by a restart of public events following Covid-19 lockdowns,...Read More
(IDEX Online) - About 250,000 diamond workers in Surat have been put on two weeks' unpaid leave as rough supplies are squeezed by sanctions and banking restrictions against Alrosa.The Russian miner normally accounts for around 40 per cent (by volume) of the diamonds that are cut and polished in the Indian hub."The units have been reducing working hours from 12 to eight and had given two days...Read More
(IDEX Online) - India could hugely increase its lab grown diamond production to support a "stronger and more self-reliant domestic cutting and polishing industry," says the GJEPC.It currently produces around 1.5m carats, a distant second place to China's 3m carats (Bain/AWDC figures for 2021).But Colin Shah (pictured), chairman of the Gems and Jewellery Export Council, says the lab grown indu...Read More
(IDEX Online) - Fugitive diamantaire Mehul Choksi is no longer facing charges over his "illegal entry" to the Caribbean island of Dominica almost a year ago.He is still wanted by authorities in his native India over the alleged $1.8bn Punjab National Bank (PNB) fraud.Choksi, (pictured), 62, left India in January 2018, days before the alleged fraud came to light, and relocated to Antigua and Barbud...Read More
Spread the lovePRIVATE BLOG - The Gold & BenchmarksPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Liberty and Finance, Released on 5/22/22Renowned editor of the World Affairs Brief?EUR<, and author of Strategic Relocation, and The Secure Home, Joel Skousen, returns to Liberty And Finance to discuss the risk of nuclear conflict this decade. He discusses preparedness steps you can take to fortify your family. "People will be relatively unscathed if they are prepared and are in rural areas."Skous...Read More
Birch Gold Group (via Zero Hedge), Released on 5/22/22Ray Dalio looks at 500 years of economic history to make the case for gold...Continue... Ray Dalio: Gold Reduces Risks, Enhances Returns, Belongs In Your Savings added by Herman James on 05/23/2022View all posts by Herman James ?+'Read More
Mish Talk, Released on 5/22/22Ignore Janet Yellen's soft landing thesis. There are only two realistic choices.Continue... Mish Shedlock: Is a Recession On the Way or Has it Already Started? added by Herman James on 05/23/2022View all posts by Herman James ?+'Read More
The Bear Trap Report (via Dollar Collapse), Released on 5/22/22Leverage finance markets are near frozen. Only two junk bonds have priced in May in the U.S high-yield bond market. There are no deals currently in the pipeline, per institutional clients in our live chat on Bloomberg.Continue... Best-selling author of Lehman crisis says credit warnings are piling up added by Herman James on 05/24/2022...Read More
Lady Pie - Twitter, Released on 5/22/22This is gold. It would be a shame if it got around. pic.twitter.com/0zK388lCHV- Lady Pie (@LadyPieLives) May 22, 2022 VIDEO: Biden says marriage should ONLY be between a man and a woman added by Herman James on 05/27/2022View all posts by Herman James ?+'Read More
Trillion Energy is on the verge of generating massive cashflow at its SASB project in the Black Sea just off the coast of Turkey.Read More
Mehrere Faktoren sorgen daf? 1/4 r, dass es im Reselling Business im Jahr 2022 h??rter werden wird. Im Video gehe auf ...Read More
Between Christmas and New Years it really looked good for the metals. I thought we would be in full tilt rally mode the first of the year. With all what's happening in the USA in regards to politics or shall I say the "uncertainty" of politics, you would really think gold would be sky high way over that $2,000 price that so many were predicting. But not so. Last week it after a slight decline the...Read More
After seeing the performance of most mining stocks lately one can understand why a lot of long term investors have been throwing in the towel and taking their money elsewhere. I wrote in the past article here that a lot of old gold bug money held in family trusts was being taken out and going into the digital space of crypto currencies like bitcoin. One only has to look at data and charts like the...Read More
I mentioned in my my last article that there are very few pure silver plays out there. What's even fewer it seems is new IPO's for junior miners especially those that are focused on silver. But just last month that happened with a new company called Zacatecas Silver TSX-V:ZAC and their focus is of course in the Zacatecas area of Mexico.The property the company owns totals 7826 hectares located wit...Read More
Every year and every season some junior mining company hits it big. Whether it be a super high grade drill core or a new discovery there is always some company that makes the news in the junior sector. While in the past it seemed a lot of the action was in around the BC Golden Triangle area with companies like Skeena Resources or Benchmark Metals getting investor attention, this year it's Newfound...Read More
This summer has been a real boring summer for junior gold stocks compared to last year. Last year with most of the world locked down, gold was flying high and there was quite a bit of excitement in the juniors. Lots of juniors saw their stock prices double, triple and there were some that even saw 10 bagger returns. This season though it's quite a bit different and is actually very boring. During...Read More
One of the hottest uranium areas on the planet is in northern Saskatchewan. Pretty much anyone who is exploring, mining or has anything to do with uranium has a an interest of some kind in this area. Pretty much all the major players in uranium have full scale mines here. Northern Saskatchewan covers a massive area of land so it a natural place for small juniors to stake ground and explore.There w...Read More
Lots of news lately in the lithium space these days. A lot has to do with of course batteries and especially batteries for electric cars and right now there is very limited supply of lithium out there. Yes there is exploration projects going on all over the world but for actual supply right now there is a huge deficit. Lots of the supply issues are caused by things like the pandemic but because li...Read More