I myself encountered a woman who had protested against Trump in the big march in Washington after he was elected. I was curious to listen to her reasoning Continue...Read More
Countries across the world are beginning to suffer from garbage build-up, after China stopped importing recyclable garbage this year. Continue...Read More
The gold miners’ stockshave been largely ignored and neglected for years. Speculators and investors wanted little to dowith them for various reasons. But thatapathetic sentiment is finally starting to shift thanks to last week’sstock-market plunge. Capital is startingto return to this battered sector as traders begin to realize how radicallyundervalued it is. Se...Read More
By John MauldinThe Real Cost of Low-Fee FundsYou Must Include the Cost of Risk When Calculating Total CostYou Must Have a Quantifiable Hedging StrategyWhere is the Market Going?Mastering the Market CycleWhat Should You Do Now?Puerto Rico, Frankfurt, and Here and ThereToday, rather than tackle some big macroeconomic issue, we'll go back to this letter's roots and look at market timing and portfol...Read More
Dear Friend of GATA and Gold:Our friend Lawrence Lepard, managing partner of Equity Management Associates in Wellesley, Massachusetts, whose investments have been concentrated in the monetary metals mining industry, has just sent a letter to his investors outlining the case for an upward reversal in the industry's fortunes.Lepard's letter may be most interesting for showing that the monetary met...Read More
Authored by Trey Reik, Senior Portfolio Manager, Sprott Asset Management USA, Inc.Over our two decades following global monetary affairs, we have often marveled at default confidence awarded the Federal Reserve. Don't misinterpret us the Fed's power borders on surreal. Seven governors and twelve regional bank presidents set the price of money not only for the world's largest economy, but throu...Read More
Expect falling asset inflation, but rising cost inflation By Charles Hugh SmithInflation is a funny thing: we feel it virtually every day, but we're told it doesn't exist the official inflation rate is around 2.5% over the past few years, a little higher when energy prices are going up and a little lower when energy prices are going down.Historically, 2.5% is about as low as inflation gets in...Read More
By Gary TanashianWe began the Amigos theme last year in order to be guided by the goofy riders during the ending stages of a cyclical, risk-on phase that was not going to end until the proper macro signals come about, no matter how many times the bears declared victory along the way. The fact that grown adults see conspiracies around every corner (okay, I see them around every third corner mysel...Read More
Huge recent imbalances in the gold futures market led many to predict that speculators (usually wrong at big turning points) would be Continue...Read More
McDonald's and 21 other fast-food chains received failing grades for not implementing policies to curb antibiotics.Continue...Read More
Crowds on Demand is an American publicity firm that provides clients with hired actors to pose as fans, paparazzi, security guards, unpaid protesters and professional paid protesters.Continue...Read More
The gold miners’ stockshave been largely ignored and neglected for years. Speculators and investors wanted little to dowith them for various reasons. But thatapathetic sentiment is finally starting to shift thanks to last week’sstock-market plunge. Capital is startingto return to this battered sector as traders begin to realize how radicallyundervalued it is. Se...Read More
BENGALURU/NEW DELHI Oct 20 (Reuters) - HDFC Bank Ltd HDBK.NS has reported record profit for the three months ending Sept. 30 broadly in line with expectations, helped by higher interest and fee income.Net profit rose to 50.05 billion rupees ($682.16 million) for the quarter ended Sept 30, from 41.51 billion rupees a year ago, India's biggest lender by market capitalisation said in a statement.Fi...Read More
Oct 20 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More
* Italian 10-year debt yield hits 4.5-year high of 3.783 percent* Euro rallies after falling to 10-day low* World stock index posts fourth straight week of losses* Oil up but posts weekly loss on stock build, trade tensions (Updates after U.S. market close)By Rodrigo CamposNEW YORK, Oct 19 (Reuters) - Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the...Read More
RAPAPORT... The US jewelry industry contracted again in the thirdquarter as more businesses left the sector than joined it, according to theJewelers Board of Trade (JBT). The number of recorded jewelry businesses fell 4.7% versusthe same period a year ago to 25,268, continuing the trend of the last fewyears, according to data the credit-information provider released Friday. The closure rate slippe...Read More
RAPAPORT... Carat+ has called off its upcoming fair indefinitely, citingwaning interest in the Antwerp diamond show from exhibitors and visitors, itsaid Friday. "We were looking forward to the third edition of the event,"Carat+ directors Filip Van Laere and Dirk Blommaert said in a joint statementFriday. "However, being confronted with declining commitment of buyers andsellers as exhibitor or...Read More
RAPAPORT... Chinese retailer Laelim Jewelry and Belgian manufacturer IGCGroup will collaborate to test the Gemological Institute of America's (GIA) M2Mtraceability program. Laelim is the first Chinese jeweler to participate in the project, it said last week. The two companies are also the first retailer-manufacturer duo touse the program, which tracks diamonds from mine to market, theGIA note...Read More
RAPAPORT... Sales rose sharply at Hong Kong-based jewelers Chow Tai Fook and Luk Fook in the second fiscal quarter, boosted by strong consumer demand,the lower price of gold and higher tourism rates.Retail sales at Chow Tai Fook jumped 25% year on year inHong Kong and Macau in the three months ending September 30, while same-store sales- at branches open for at least year - surged 23%, the jeweler...Read More
RAPAPORT... The UK will temporarily be unable to import and export roughdiamonds if the nation leaves the European Union without an exit deal, thegovernment has warned. The UK is currently a member of the Kimberley Process (KP) byvirtue of its being in the EU, enabling it to trade internationally in roughdiamonds. However, once so-called Brexit goes into effect on March 29, it will need to join th...Read More