Wolfstreet, Released on 7/10/22The USD had a heck of a ride, which kept inflation from spiking even further. But it may not last much longer.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he wor...Read More
Fears of further Fed tighteningcontinue to weigh on metals markets. On Wednesday, the FederalReserve released the minutes from its most recent policy meeting. As CNBCreported, central bankers remain fixated on inflation.CNBCReporter: The minutes of the latest Fed meetings show that officials agreedthat another rate hike of 50-75 basis points would likely be appropriate at itsmeeting later this mon...Read More
Although the general stock market hasrisen, this trend may soon reverse. Since it often moves along with goldstocks, junior miners can face a fall too.Letthe S&P 500 Be a Clue Mining stocks declined significantly thisweek, but they haven’t severely underperformed gold. There is a good reason forit – the general stock market moved higher recently.What would have to happen for the mi...Read More
RAPAPORT... Watches of Switzerland's group revenue surged 37% for the full fiscal year as the company expanded its store network and saw strong demand for luxury timepieces.The UK-based retailer's sales came to GBP 1.24 billion ($1.48 billion) for the 52 weeks ending May 1, the company said last week. During the period, none of the group's stores were closed, versus 26 weeks in 2021 when vari...Read More
RAPAPORT... Graff paid $7.5 million in bitcoin to a Russian ransomware firm to stop the publication of client data, according to a lawsuit the jeweler filed against its insurer.The UK-based company suffered a cyberattack last year, when Conti encrypted and stole personal information from the luxury brand.Details of the incident became public after Graff sued Travelers, its insurance prov...Read More
RAPAPORT... US jewelry sales rose in June amid a surge in discretionary spending and a return to travel, according to Mastercard SpendingPulse.Revenue for the category jumped 16% year on year during the month, Mastercard reported last week. Many consumers are refreshing their wardrobes as they return to the social scene and make vacation plans. Jewelry purchases soared 87% compared to the same per...Read More
RAPAPORT... Hong Kong-based colored-diamond specialist Kunming Diamonds has recruited Rahul Jauhari as its director of sales and marketing, the company said Thursday.Jauhari was previously senior vice president for global sales and marketing at Indian diamond manufacturer Star Rays. Before that, he served as HRD Antwerp's commercial director for India.Kunming, founded in the 1980s, is an auth...Read More
(IDEX Online) - The iconic London jeweler Graff is reported to have paid a $7.5m ransom to Russian hackers who stole confidential data about tens of thousands of super-wealthy clients last October.The payment, made in Bitcoin, came to light after Graff launched a legal action against insurers for refusing to cover the loss, according to a Bloomberg report. The Russian cyber-criminal ransomwar...Read More
(IDEX Online) - Two men and a woman have been charged with a series of robberies on staff at jewelry stores across South Florida, USA, that netted merchandise worth millions of dollars. They are accused of conspiring to commit Hobbs Act robbery - taking property by means of actual or threatened force - in Miami Beach, Boca Raton, Lake Worth, Boynton Beach and Fort Pierce.The US Justice...Read More
The Economic Collapse Blog, Released on 7/10/22Why are so many unusual outbreaks of disease suddenly happening all over the planet? We were already dealing with a seemingly endless global pandemic coming into 2022, and so far this year Continue... Now An Outbreak Of The Marburg Virus Has Begun added by Herman James on 07/11/2022View all posts by Herman James ?+'Read More
The Telegraph (via MSN), Released on 7/10/22In a written reply to a question submitted to General Synod, a senior Bishop said that although the meaning of theContinue... Church of England: There is 'no official definition' of a woman added by Herman James on 07/11/2022View all posts by Herman James ?+'Read More
Liberty and Finance, Released on 7/10/22 (Recorded on 7/6/22)A sell-off in gold and miners is not unusual during downturns in general equity markets, says David Garofalo, chairman and CEO of Gold Royalty Corp. However, this shouldn't last for long. "As capital gets redeployed, discerning investors are looking for defensive names. And gold does exceedingly well in a low real-interest-rate environme...Read More
(IDEX Online) - China's diamond trade declined by over 46 per cent in the first half of this year, as Shanghai was hit by a two-month long Covid lockdown.Total transactions for all rough and polished diamonds were $2.056bn from January to June.That's down from $3.82bn in the same period during 2021, according to the Shanghai Diamond Exchange (SDE), when China reported record high imports...Read More
Fears of further Fed tighteningcontinue to weigh on metals markets. On Wednesday, the FederalReserve released the minutes from its most recent policy meeting. As CNBCreported, central bankers remain fixated on inflation.CNBCReporter: The minutes of the latest Fed meetings show that officials agreedthat another rate hike of 50-75 basis points would likely be appropriate at itsmeeting later this mon...Read More
Although the general stock market hasrisen, this trend may soon reverse. Since it often moves along with goldstocks, junior miners can face a fall too.Letthe S&P 500 Be a Clue Mining stocks declined significantly thisweek, but they haven’t severely underperformed gold. There is a good reason forit – the general stock market moved higher recently.What would have to happen for the mi...Read More
Fears of further Fed tighteningcontinue to weigh on metals markets. On Wednesday, the FederalReserve released the minutes from its most recent policy meeting. As CNBCreported, central bankers remain fixated on inflation.CNBCReporter: The minutes of the latest Fed meetings show that officials agreedthat another rate hike of 50-75 basis points would likely be appropriate at itsmeeting later this mon...Read More
Although the general stock market hasrisen, this trend may soon reverse. Since it often moves along with goldstocks, junior miners can face a fall too.Letthe S&P 500 Be a Clue Mining stocks declined significantly thisweek, but they haven’t severely underperformed gold. There is a good reason forit – the general stock market moved higher recently.What would have to happen for the mi...Read More
Fears of further Fed tighteningcontinue to weigh on metals markets. On Wednesday, the FederalReserve released the minutes from its most recent policy meeting. As CNBCreported, central bankers remain fixated on inflation.CNBCReporter: The minutes of the latest Fed meetings show that officials agreedthat another rate hike of 50-75 basis points would likely be appropriate at itsmeeting later this mon...Read More
Although the general stock market hasrisen, this trend may soon reverse. Since it often moves along with goldstocks, junior miners can face a fall too.Letthe S&P 500 Be a Clue Mining stocks declined significantly thisweek, but they haven’t severely underperformed gold. There is a good reason forit – the general stock market moved higher recently.What would have to happen for the mi...Read More
Advisor Secrets Newsletter: https://josholfert.ck.page/2fad371c0a Today we talk about the 2022 market crash, looming recession, ...Read More