Powell noticed some crosscurrents in the path of the US economy. Will it stay on the surface? And is gold a good swimmer? Crosscurrents Cause Fewer Hikes We hope that you enjoyed Christmas. As we promised last week, we will analyze the post-meeting Powell's press conference today. The Fed Chair remained optimistic about the US economy, which "has continued to perform well." However, "some cros...Read More
Harvey Organ says the markets are easy to manipulate right now, so the PPT moved in to trash gold & silver, but silver stood its ground. Here's an update... by Harvey Organ of Harvey Organ BlogDEC 26/DOW UP OVER 1084 POINTS/NASDAQ UP 361 POINTS/GOLD UP 15 CENTS TO $1269.95 WITH SILVER THE STANDOUT RISING BY 27 CENTS TO $15.04/IN ACCESS MARKET: GOLD DOWN TO 1266.50 BUT SILVER REMAINS CONSTANT..ALL...Read More
US consumer confidence positive,despite volatile stock markets, government shutdown, and rising interest rates.Holiday jewelry sales +3.7% and overall retail +5.1%, driven by effectiveomni-channel strategies, according to Mastercard SpendingPulse. Online shoppingsurges 19% as Amazon sees record season. Diamond market quiet, with Belgium andUS dealers closed for the holidays. Industry consolidation...Read More
Polished market slow, with very few foreign buyers in Mumbai. Shortage ofselect in-demand items supporting prices. Good demand for 1 ct., G-J,SI1-I1, RapSpec A3+ diamonds. Trading confidence improving as exchangerate stabilizes around INR 70/$1. Rough market seasonally quiet, with factoriesmaintaining steady below-capacity production until the New Year. POLISHED:Read More
RAPAPORT... Alrosa will sell about $88 million worth of non-coreoperations during 2019 so it can focus on its diamond business. The miner will auction off more than 80 assets, includingland, construction sites, heating and electricity services, vacation resorts, andhousing projects, the company said Thursday. Alrosa's supervisory boardapproved the plan at a meeting on December 14. It will hol...Read More
RAPAPORT... As the year comes to a close, Rapaport News takes alook back at the largest rough stones miners unearthed in 2018, and thediamonds that fetched the highest prices at auction.Colossal findsThe 910-carat Lesotho Legend, which Gem Diamonds recoveredin January, claimsthe top spot this year. The D-color, type IIa stone - whichthe miner says is the fifth-largest gem-quality diamond ever foun...Read More
RAPAPORT... De Beers shocked the industry in May by announcing it would launcha line of fashion jewelry featuring laboratory-grown diamonds. Lightbox Jewelrystarted selling the products online in September, and it's now looking atexpansion options. The main opportunity to develop the business will come oncethe miner has finished building a $94 million synthetic-diamond facility inOregon in 2020. T...Read More
(IDEX Online) - Holiday sales increased 5.1% to more than $850 billion this year - the strongest growth in the last six years with a robust shopping season from before Thanksgiving through Christmas, according to Mastercard SpendingPulse. Online shopping also saw large gains of 19.1% compared to 2017. "From shopping aisles to online carts, consumer confidence translated into holiday...Read More
RAPAPORT... US retailers enjoyed their strongest growth in six years this holiday season, although jewelry was slightly off pace, a report by Mastercard SpendingPulse revealed. Jewelry sales increased 3.7% year on year for the period from November 1 to December 24, a company spokesperson confirmed with Rapaport News, marking a slowdown from the 6% growth reported for the category during the 2...Read More
(IDEX Online) - Antwerp Belgian sightholder Pluczenik said he is appealing to the UK Supreme Court regarding a dispute between the firm and veteran diamantaire Willie Nagel who is based in the UK. The England and Wales Court of Appeal recently ruled in favor of Nagel, saying the firm must pay $3.3 million to its former broker W Nagel Ltd. after the court agreed with a ruling of a lower cour...Read More
(IDEX Online) - Two organizers of important watch industry tradeshows - the Salon International de la Haute Horlogerie (SIHH) and Baselworld - have agreed to coordinate their dates from 2020 to 2024. The SIHH will be staged from April 26 to 29 in Geneva in 2020, with Baselworld taking place from April 30 to May 5. Next year, SIHH will be held from January 14 to 17, while Baselworld w...Read More
Another wild day, this time in a bullish way! The Dow Jones Industrial Average advanced 1,086.25, an all-time record daily point gain. U.S. equity index shook off early weakness with a gain of 5%.Strongest sector/subsector was energy thanks to an 8.68% jump in the price of WTI Crude Oil StockTwits Released Yesterday @EquityClockTechnical action by S&P 500 stocks to 10:00: Quietly bearish....Read More
We are a little over one year since President Donald Trump signed the Tax Cuts and Jobs Act (TCJA), and since then, real estate investors have been rushing to make sense of it all. In what represents the most sweeping U.S. tax reform since the Tax Reform Act of 1986, many of the changes are set to have a significant impact on businesses and individuals alike.The new 20% deduction that's available...Read More
Vancouver, British Columbia (December 27, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announces that the Company has appointed Mr. Dallas Pretty, B.Comm., CA to the Company's Board of Directors. The Company is also announcing the resignations of David Schmidt and Robert Archer from the Company's Board of Directors and the resignation...Read More
It's been a year of growth and exclusive interviews for The Northern Miner Podcast as we passed several milestones: celebrating our 100th episode in mid-year; growing to 5,000 to 8,000 listens per month with listeners from around the world; approaching 150,000 total listens since inception; bringing on board new sponsors; and relocating the podcast to our Toronto studio with a new set of hosts.The...Read More
Amid a rallying stock market, the Trump administration is pondering an executive action to ban US companies from using equipment made by Chinese corporations Huawei and ZTE by invoking the International Emergency Economic Powers Act. Such an action would require him to declare a "national emergency." Is it really that bad? Peter Schiff, CEO of Pacific Capital, joins Steve Malzberg to discuss. Pete...Read More
"Bulls & Bears" panel on how LinkedIn co-founder Reid Hoffman apologized for funding a group that spread disinformation during the 2017 Alabama Senate special election.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic...Read More
The very fabric of America is under attack-our freedoms, our democracy, and our constitutional rights have become contested terrain. The Epoch Times, a media committed to truthful, responsible Continue...Read More
"Although some members of the Taliban may be weary of fighting and ready to lay down their weapons, they will only rejoin society if they believe their safety and the safety of Continue...Read More
LONDON, 27 December 2018 - UK personal finance magazine What Investment today quotes BullionVault's latest customer survey in a report on the outlook for gold in 2019.Held this month, the survey found that 80% of precious-metal investors believe the gold price will rise in 2019, the magazine reports online."Online bullion dealer BullionVault, which carried out the survey, said investment in gold w...Read More