Gold & Precious Metals

De Beers, Namibia to spend $468m in world’s first custom-built diamond searching ship

Debmarine, a 50/50 joint venture between world’s No. 1 diamond producer by value De Beers and the government of Namibia, will build a $468 million-diamond recovery ship, the world’s first custom-made vessel of such kind and the seventh in the company’s fleet.

The watercraft, slated to start operations in 2022, would add about 500,000 carat a year of production capacity to Debmarine Namibia’s output. This, Anglo American’s diamond unit De Beers said, represents an increase of about 35% on current output levels….CLICK for complete article

Microsoft, Sony Team Up To Work On Gaming Experiences, AI Solutions

This strategic partnership will explore joint development of future cloud solutions in Microsoft Azure to support their respective game and content-streaming services.

“Sony has always been a leader in both entertainment and technology, and the collaboration we announced today builds on this history of innovation,” said Satya Nadella, CEO of Microsoft. “Our partnership brings the power of Azure and Azure AI to Sony to deliver new gaming and entertainment experiences for customers.” CLICK for complete article

Gold in Tech: I Can See Clearly Now!

Thanks to gold, you may see even sharper images on your smartphone, computer and television screens the future.

We’ve seen tremendous advances in high-resolution technology over the last decade or so. Modern smartphone displays pack millions of pixels in a few inches of space giving us crystal clear images. But researchers at Cambridge University have created even smaller pixels using gold nanoparticles….CLICK for complete article

Midday Gainers / Losers

A look at today’s biggest movers. CLICK for complete article

Trucking & Rail Shipments Sink as US Goods-Based Sector Slows

It has become a cacophony across earnings reports by trucking companies and railroads: Shipment volumes are declining, and revenues are propped up by higher freight rates, but now freight rates are coming under pressure too, as companies are getting more aggressive to pick up shipments. The latest two to report were YRC Worldwide, one of the largest truckers in the US, and BNSF Railway. Before them, it was J.B. Hunt and others….CLICK for complete article

Rapid bitcoin rally cheers crypto market investors, others wary

Bitcoin, which lost three-quarters of its value in 2018, has soared by 24% since Friday and more than doubled in price so far this year. At 1612 GMT it was up 0.8% at 7,874. There was no obvious reason for the sudden rise with the opacity of cryptocurrency markets rendering it virtually impossible to prove or disprove any theories. Some traders said investors moved money to bitcoin, treating it as a safe haven as traditional financial markets stumbled on fears that a worsening Sino-U.S. trade dispute could derail the global economy. But none of the four traders that Reuters spoke to could produce evidence to support that claim….CLICK for complete article