RAPAPORT... Eleven US Congress members have asked the government to reconsider details that severely limit the impact of the recent sanctions against Russian diamonds.President Joe Biden's March 11 executive order bans imports of diamonds with Russian origin but doesn't cover polished that was manufactured in other locations. This means rough Alrosa supplies to cutters in India and Belgium is...Read More
RAPAPORT... US jewelry sales rose in March amid a broader reopening of the economy, according to Mastercard SpendingPulse.Revenue for the category climbed 12% year on year during the month, Mastercard reported Wednesday. The segment also benefited from consumers refreshing their wardrobe ahead of honeymoon trips and other travel adventures. Jewelry purchases jumped 79% compared to the same period...Read More
RAPAPORT... The Responsible Jewellery Council (RJC) finally broke its silence on Alrosa's membership. The organization was forced to respond after such prominent members including Richemont, Kering, Pandora and Watches of Switzerland withdrew from the organization in protest of the Russian company's continued involvement. Executive director Iris Van der Veken quit her job over the issue.Alros...Read More
(IDEX Online) - The CEO of Meylor Global, the Ukraine-based factory that produces the world's largest lab grown diamonds, has told how her staff have fled for their lives, or taken up arms against the Russian invaders.Yuliya Kusher (pictured) described the men who had been making diamonds until a few weeks ago, and who are now defending their country, as "jewels".The factory in Kyiv re-opened...Read More
(IDEX Online) - The most expensive piece of jewelry in the history of Tiffany & Co, a diamond necklace valued at up to $30m, made its debut appearance when Beyonce wore it for an Oscars after-party.It's a a modern take on the jeweler's iconic 1939 World's Fair Necklace, and it features a total of 578 diamonds, with a total weight of 180 carats set in platinum.At is center is an...Read More
(IDEX Online) - Total sales of US watches and jewelry were over $115bn in 2021, the highest figure, by far, for at least a decade. It's an increase of just over 50 per cent on 2020, according to the Department of Commerce. Suppliers and retailers tell us stay-at-home consumers went on a spending spree last year. Travel restrictions halted their vacation plans so the...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 7:30 AM EDT.The Canadian federal government is scheduled to release its budget today at 4:00 PM EDTLevi Straus gained $0.58 to $19.99 after reporting higher than consensus fiscal first quarter earnings. Capital One (COF $129.28) is expected to open higher after announcing a $5 billion share buyback program...Read More
Canada's 2022 Budget has proposed to provide a total of up to $3.8 billion over eight years to develop electric vehicle components such as batteries and permanent magnets and ensure that the country becomes a "vital part" of the global critical minerals industry. The budget allocates up to $1.5 billion for the development of critical minerals supply chains, with "a focus on priority deposits."...Read More
The mining industry is playing by the wrong rules, and has been for decades. Many of us are scientists, and believe truth is discovered by establishing all of the facts. However, as Oscar Wilde told us, the truth is rarely pure and never simple. Reality is easily distorted by incomplete data and misunderstood information, and what is real doesn't matter as much as people's perceptions, accurate or...Read More
Several analysts have adjusted higher their metal price assumptions for 2022 as the February Russian invasion of Ukraine drags on, wreaking havoc on global metals and mineral supply chains.Moody's Investors Service released a report on Apr. 6 flagging spiking prices for commodities Russia is a crucial producer of. These include aluminum, zinc, nickel, copper, gold and metallurgical and thermal coa...Read More
Kinross Gold (TSX: K; NYSE: KGC) is aiming to report an initial inferred resource for its recently acquired Great Bear (Dixie) project in Red Lake, Ont., by the end of the year. The gold miner, which paid $1.8 billion in cash and shares for Great Bear in a deal that closed in late February, plans to start a prefeasibility study on the project in 2023. With 10 drill rigs at work at Dixie, Kinros...Read More
With the addition of a first resource for the Larkin Zone at its Beta Hunt mine in Western Australia, Karora Resources (TSX: KRR; US-OTC: KRRGF) has increased its measured and indicated gold resources, net of depletions, by 8% and its inferred resources by 43%. The Larkin Zone holds 1.4 million tonnes grading 2.6 grams gold per tonne for 119,000 oz. gold in the measured and indicated category....Read More
Colombia plans to hold two bidding rounds - one for gold and one for coal exploration contracts - before the end of June, as part of ongoing efforts to strengthen the country's mining sector.Speaking at the ELAMI mining conference held this week, the president of the national mining association ANM, Juan Miguel Dur??n, said the first round of bids will be launched this month and will focus on coa...Read More
Trends Research, Released on 4/7/22Peter Schiff, the chief economist at Euro Pacific Capital, told Gerald Celente in an interview published Thursday that Americans need to be prepared for a "dramatic collapse" of the economy."Interest rates are going substantially higher from here. They're still much too low," he said. "We're now kind of approaching three percent yields on U.S. treasuries, we're n...Read More
CNBC, Released on 4/7/22Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years a...Read More
George Gammon, Released on 4/7/22Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid...Read More
Liberty and Finance, Released on 4/7/22"The whole world has woken up to inflation," says Andy Schectman, CEO & president of Miles Franklin Precious Metal Investments. "It's not just North America competing for all of this gold and silver - it's the whole world." Supply of physical precious metal bullion is dwindling and premiums are rising such as Schectman has never seen in his 30+ year career.0:...Read More
Caitlin's Newsletter, Released on 4/7/22NBC News has a new report out citing multiple anonymous US officials, humorously titled "In a break with the past, U.S. is using intel to fight an info war with Russia, even when the intel isn't rock solid". Continue... US Officials Admit They're Literally Just Lying To The Public About Russia added by Herman James on 04/08/2022View all posts by Herman James...Read More
Steve Hanke - Twitter, Released on 4/7/22Civil unrest is breaking out in Shanghai, China as Chinese citizens claim they cannot leave their homes to buy food due to lockdowns. Take a look.pic.twitter.com/7m0gR56waQ- Steve Hanke (@steve_hanke) April 7, 2022 Civil unrest is breaking out in China added by Herman James on 04/07/2022View all posts by Herman James ?+'Read More
Howe Street, Released on 4/7/22Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic. Chris Vermeulen, commodities, copper, gasoline, gold, investing, natural gas, oil, silver, stocks, tradingChris Vermeulen: Oil, Natural Gas,...Read More