RAPAPORT... The diamond industry is being driven by expectations. While this is not a rare occurrence, it is worth noting, given the unusual dynamic currently shaping the market.While there is a lot of polished inventory available today - as the number of stones listed on RapNet attests - manufacturers and dealers anticipate scarcities later in the third quarter once demand starts to ramp up for t...Read More
Guzman said the variable rate will by 0% when the copper price is less than US$3.50 per pound and 8% when it is more than $5.25/lb.Between these two values, it will be 0.8% of the difference between the prevailing copper price less the $3.50/lb floor price. So at $4.50/lb copper it will be 0.8% and a $5/lb it will be 1.2%"The president has signed a decree on adapting the export duties for copper w...Read More
Wolf Street (via Dollar Collapse), Released on 6/13/22Aside from the sheer magnitude of the spike, this was also the highest mortgage rate since collection of the dailyContinue... Wolf Richter: That was fast! 30-year fixed mortgage rate spikes to 6.18%! added by Herman James on 06/15/2022View all posts by Herman James ?+'Read More
The S&P is closing in on bear market territory, which is defined as a decline of 20% or more from recent highs.And it may fall even further. Since World War II, there have been 14 bear markets. The median loss during these bear markets has been 30%, and they lasted about a year (hat tip to Bespoke Investment Group).The Kind of Drop We Haven't Seen in DecadesAnd with the Fed ready to raise inte...Read More
Of Two Minds (via Dollar Collapse), Released on 6/13/22The global lockdown revealed several great truths to many idled workers: 1) I'm wasting my life slaving away for an employer Continue... Charles Hugh Smith: What happens when the workforce no longer wants to work? added by Herman James on 06/16/2022View all posts by Herman James ?+'Read More
Natural Resources minister Jonathan Wilkinson has said that Russia's invasion of Ukraine and the fragility of global supply chains have "heightened" the importance of critical minerals as he welcomed mining company delegates on the opening day of PDAC 2022.Wilkinson described the transition to net-zero as a "competitive race" between the world's largest economies, with demands for minerals like li...Read More
Daily Reckoning, Released on 6/13/22The S&P is closing in on bear market territory, which is defined as a decline of 20% or more from recent highs.Continue... Rickards: Hold Onto Your Seat! added by Herman James on 06/17/2022View all posts by Herman James ?+'Read More
Stansberry Research, Released on 6/13/22 (Recorded on 6/2/22)"Wall Street is substantially more interested in the fees than its customers," says Rick Rule, founder of Rule Investment Media. "It's a new world when it comes to investing," says Frank Holmes, CEO of U.S. Global Investors. Both Rule and Holmes sit down with our Daniela Cambone to discuss the current investment environment, and where th...Read More
LONDON, 13 June 2022 - Comment and analysis from BullionVault features today in the latest gold-price report from MarketWatch, the financial news site from the Dow Jones group of companies."Rising rates and soaring yields present a serious headwind for gold short term, because the precious metal pays no income," the story quotes Adrian Ash, director of research."In a sweeping financial drop like t...Read More
LONDON, 13 June 2022 - Data and comment from BullionVault today features in the latest investing update from German personal finance magazine Altersvorsorge Beu Gedacht (Retirement Savings Review)."According to figures from BullionVault," says the report, noting the "gloomy" economic and stock-market outlook, "private investment demand for gold is picking up...[reaching] higher than it had been in...Read More
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Canadian North Resources Inc. (CNRI) is a Canadian mining company at late-stage exploration and development of a mining ...Read More
Blockworks Macro, Released on 6/12/22 (Recorded on 6/10/22)On today's episode of "The Macro Trading Floor," Andreas and Alfonso welcome Jesse Felder, author of The Felder Report. Felder argues that a strong dollar, severe interest rate spikes, and surging commodity prices indicate that a deep earnings recession is on the horizon. Felder explains why he thinks a Fed pivot is likely and fleshes out...Read More
Face The Nation, Released on 6/12/22Mohammed El-Erian, the chief economic adviser to Allianz, says inflation could hit 9% before beginning to come down.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. D...Read More
Institute for Political Economy, Released on 6/12/22The Biden regime has turned the United States into a laughing stock. Not that the US wasn't Continue... Paul Craig Roberts: The United States Has Joined the Ranks of Sh*thole Countries added by Herman James on 06/12/2022View all posts by Herman James ?+'Read More
Fox News, Released on 6/12/22"Today, we are announcing a commonsense, bipartisan proposal to protect America's children, keep our schools safe, and reduce the threat of violence across our country. Families are scared, and it isContinue... Bipartisan group of senators announces agreement on gun control added by Herman James on 06/12/2022View all posts by Herman James ?+'Read More
RAPAPORT... E-commerce jeweler Blue Nile is planning to list on the Nasdaq exchange, wooing investors with a projected compound annual growth rate of 8% to 17% over the next two years. The listing will be through a merger with Mudrick Capital, a special-purpose acquisition company (SPAC), with the new entity continuing to operate under the Blue Nile label, the firms announced Friday in a fili...Read More
RAPAPORT... Signet Jewelers has agreed to pay $175 million to resolve a 2008 legal dispute involving 68,000 female workers who alleged it discriminated against women.Class members who filed the suit against Sterling Jewelers - the division of Signet that oversees Kay Jewelers and Jared - will receive about $125 million combined from the settlement, while the remainder will cover attorneys' fees an...Read More
RAPAPORT... LVMH Luxury Ventures has joined two other investors in a $90 million funding round for lab-grown producer Lusix.The money will help Lusix open a new, solar-powered factory in Israel, where production is due to start this summer, the company said Friday."I don't think there's ever been, so far, a leading luxury brand that has invested in lab-grown diamonds," Lusix founder Benny Lan...Read More
RAPAPORT... The International Gemological Institute (IGI) has graded a 30.18-carat lab-grown that it claims is the world's largest polished synthetic diamond.Mumbai-based lab-grown company Ethereal Green Diamond created the emerald-cut, H-color, VS2-clarity diamond, named Pride of India, IGI said last week. The stone was made using chemical vapor deposition (CVD).The polished diamond was fashioned...Read More