RAPAPORT... The Gemological Institute of America (GIA) has begun accepting submissions for a new service providing consumers with source verification for diamonds.Leading manufacturers sent the first polished diamonds to the GIA's Source Verification Service in early July, the institute said Wednesday. GIA-graded diamonds with confirmed origin information will be available to consumers when the in...Read More
RAPAPORT... Kering reported strong jewelry sales during the first half of 2022, led by a recovery in North America and Europe.The group's Boucheron and Pomellato jewelry houses delivered "very solid performances," outweighing weaker results from Qeelin, which was affected by the health situation in China in the second quarter, Kering reported Wednesday.Sales at Kering's "other houses" segment - wh...Read More
(IDEX Online) - A flamboyant pastor and his wife were robbed at gunpoint of $1m of jewelry as he delivered his Sunday sermon at a New York church.Police are investigating a complaint by Lamor Miller-Whitehead, who goes by the title bishop, at the Leaders of Tomorrow church, in Brooklyn.He says a raider brandishing a gun took off his bishop's ring and chain, his wedding ring, an chains he...Read More
(IDEX Online) - Lucara has announced the death of its founder and former chairman Lukas Lundin at the age of 64, after a two-year battle with brain cancer.He was the driving force behind the Canada-based Lundin Group of Companies, which employs 15,000 people globally in energy and mining.And in 2007 he established Lucara, the diamond mining company that owns the Karowe mine in Botswana. It is know...Read More
(IDEX Online) - Fugitive diamond merchant Jatin Mehta, wanted in India over sophisticated $1bn fraud, has found living an "expensive lifestyle" in Britain and has had his assets frozen by a court there.He is alleged to have been behind a scam to defraud a gold bullion and jewelry manufacturer and a diamond company in India, using a complex web of companies in the UAE, Britain, Singapore and I...Read More
"Unfortunately, our earnings were affected by significant provisional pricing adjustments given the late-quarter decline in base metal prices," the company's president and CEO Peter Rockandel said.The company has also revised down its 2022 production guidance, while lifting its cash cost forecasts.Lundin's total copper production guidance now stands at 250,000-274,000 tonnes, down from the previou...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points in pre-opening trade. U.S. equity index futures moved lower following first release of the second quarter real GDP report. Consensus was an increase of 0.3% versus a drop of 1.6% in the first quarter. Actual was a drop of 0.9%.Ford gained $0.84 to $14.03 after reporting higher than consensus second quarter r...Read More
Canada's lithium supply response is expected to post strong growth through 2031 and outperform the U.S., a new analysis by Fitch Solutions Country Risk & Industry Research suggests.Canada's current solid project pipeline, prospective investments into petroleum brine production techniques in Alberta, and a fast-growing battery and electric vehicle (EV) manufacturing base in Quebec and Ontario provi...Read More
ATAC Resources (TSXV: ATC; OTC: ATADF) has updated the resource at its Osiris deposit, part of its 100%-owned Rackla gold property in central Yukon, incorporating 7,800 metres of drilling in 20 additional holes completed since the previous 2018 resource.A significant portion (43%) of the 2018 inferred resource has been converted to the indicated category, which now totals 732,000 oz. gold at an av...Read More
Equinox Gold (TSX: EQX), which is developing the Greenstone project in Ontario in partnership with Orion Mine Finance Group (60/40), said the overall project is now 35% complete, and the mine is on schedule to pour its first gold in the first half of 2024. The $1.2-billion project also remains on budget, with over half its total capital costs already contracted to date.Validity of the project's...Read More
I have a theory that mining executives are eating too much salad. Beatrix Potter warned us in 1909 that eating lettuce is soporific (in her Tale of the Flopsy Bunnies). Whatever the cause, mining companies seem to be sleepwalking into a catastrophic shortage of skills.The revered children's author was a remarkable lady. A keen natural scientist, Potter had a particular interest in archaeology, ent...Read More
Miners Ultra Argentina SRL and China's Zangge Mining have committed US$290 million in investments to explore and develop lithium deposits in northwest Argentina, as well as to build a plant, the minister of industry Daniel Scioli announced.Zangge Mining will initially invest US$40 million in the exploration and development of the Laguna Verde lithium project in the province of Catamarca.A further...Read More
The Investors Podcast, Released on 7/28/2200:00:00 - Intro00:00:16 - Where Jeremy thinks we'll go from here00:05:26 - Why he believes rates will climb higher for longer00:15:52 - How today's market and economy may start to resemble the stagflation of the 1970's and 80s00:24:19 - Why important resources are in short supply00:42:13 - The best technologies fighting climate change00:59:52 - The risk i...Read More
Fat Tail Investment Research, Released on 7/28/22Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conduct...Read More
Howe Street, Released on 7/28/22*The interview begins at 00:55Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass. real estate crashJi...Read More
Doug Casey's Take, Released on 7/28/22 Join our email list to get Special reports and updates: https://dougcasey.substack.com/aboutConnect with us on Telegram: https://t.me/dougcaseyDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provid...Read More
GoldSilver Pros, Released on 7/28/22We welcome legendary Contrarian Macro Strategist David Hunter once again to the show. This time he comes to talk about the latest decisions of the FED in the FOMC meeting. What he heard yesterday from Jerome Powell was a continued focus on inflation & still a lack of awareness of the deep recession that's coming. He suspects that will change between now & the Se...Read More
Gold Silver (w/ Mike Maloney), Released on 7/28/22Commodities have been one of the best performing sectors of the market this year...Is it too late to hop aboard this trend? Or is there plenty of room for commodities to continue higher? Best-selling author, Mike Maloney of GoldSilver.com, invites Ronnie Stoeferle to discuss what the future holds for commodities. Ronnie is a Chartered Market Techni...Read More
Arcadia Economics, Released on 7/28/22Last year the Basel III regulations went into effect, with many expecting an impact on the gold and silver prices. Obviously we haven't seen gold and silver shoot higher as some thought, although in today's call I checked in with Alasdair Macleod of Goldmoney.com to get his thoughts on the policy impact a year later. In the call he also comments on the latest...Read More
SHTFplan, Released on 7/28/22"We're having people who have been so into the narrative break ranks now that it does cause hope that we're finally getting there," Malone said. "Steve, I think you really have put your finger on Continue... Dr. Robert Malone: 'The Whole Narrative Is Collapsing' added by Herman James on 07/29/2022View all posts by Herman James ?+'Read More