By Jeffrey GoldfarbMELBOURNE, Nov 17 (Reuters Breakingviews) - The California Gold Rush had its hydropower phase, and cryptocurrency could be entering one too. Bitcoin miner Iris Energy (IREN.O) relies mainly on renewables, especially water, for its electricity-sucking operations. This somewhat novel twist might help underpin its initial public offering valuation, but the climate-saving hype feels...Read More
Dr. Michael Gunning reportsVR REPORTS 299 METRE INTERSECTION OF CRITICAL METALS AND REE'S IN THE FIRST OF FIVE DRILLS HOLES COMPLETED IN OCTOBER AT HECLA-KILMERVR Resources Ltd. has provided new data from the first of five holes completed in October at its Hecla-Kilmer (H-K) project in Northern Ontario. A 299-metre intersection in drill hole HK21-005, starting near surface, confirms the discovery...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar prices arehigherin early U.S. trading Wednesday after hitting a three-week low overnight. A priceuptrend in place on the daily bar chartis in jeopardy and the bulls need to show m...Read More
Nov 17 (Reuters) - The New York Federal Reserve took unprecedented action to stabilize the Treasury market after it was disrupted at the start of the pandemic, offering a stark reminder that markets need to be strengthened to prepare for the next big shock, New York Fed Bank President John Williams said on Wednesday."Severe disruptions to critical financial markets like we saw last spring sho...Read More
* Gold faces strong resistance around $1,870s - analysts* UK inflation leaps to 10-year highNov 17 (Reuters) - Gold prices gained on Wednesday as inflation worries boosted demand for the safe-haven metal, even as the U.S. dollar held near multi-month highs on rising bets of an early hike in interest rates in the United States.Spot gold rose 0.7% to $1,862.56 per ounce by 1316 GMT. U.S. gold future...Read More
Mr. Marcel Robillard reportsPUMA EXTENDS MINERALISED ZONE WITH HIGH-GRADE SAMPLES UP TO 46,8 G/T AU, INCREASING GOLD POTENTIAL AT THE WILLIAMS BROOK GOLD PROPERTYPuma Exploration Inc. has discovered nine new gold-bearing quartz veins along the O'Neil gold trend (OGT) and reports surface samples grading up to 46.8 grams per tonne gold, extending the gold mineralized corridor over a continuous dist...Read More
LONDON, Nov 17 (Reuters) - British inflation has hit a 10-year high as household energy bills rocket, bolstering expectations the Bank of England will raise interest rates in December just weeks after it rocked markets by keeping borrowing costs on hold.Consumer prices rose by 4.2% in annual terms in October, leaping from a 3.1% increase in September, the Office for National Statistics said on Wed...Read More
OTTAWA, Nov 17 (Reuters) - Canada's annual inflation rate accelerated to 4.7% in October, the highest since February 2003, and up from a year-over-year pace of 4.4% in September, Statistics Canada said on Wednesday.Analysts polled by Reuters had expected the annual rate to rise to 4.7%. October marked the seventh consecutive month in which headline inflation topped the Bank of Canada's 1-3% target...Read More
Glencore is selling its Ernest Henry Mining (EHM) copper-gold mine in Queensland, Australia, to Evolution Mining for A$1 billion ($730 million). According to a press release Glencore will receive A$1 billion, comprising A$800 million on the closing of the transaction and a further A$200 million payable 12 months after the transaction closes. Evolution said the deal will be paid for with existing a...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The gold market is holding near session highs as momentum inU.S. home construction weakened last month. The housing market was a pillar of strength for the U.S.economy during the COVID-19 pandemic last...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold and silver prices are higher in early U.S. trading Wednesday. Bulls stepped into buy Tuesday's dips in the metals' prices, which is a sign of strong markets.Gold and silver as an inflation hedge re...Read More
Kitco News talks to Peter Schiff, one of the staunchest detractors of Bitcoin, and Alex Mashinsky, a pioneer in the crypto space and a top Bitcoin proponent, live on YouTube.In this special LIVE interactive debate moderated by Kitco News Editor-in-Chief Michelle Makori, we tackle the toughest arguments for and against Bitcoin and cover your questions on which assets offer the best wealth protecti...Read More
By Eric OnstadLONDON, Nov 17 (Reuters) - Canada's Neo PerformanceMaterials announced plans on Wednesday to expand itsrare earths operations in Estonia to produce super-strongmagnets for electric vehicles (EVs), counting on European Unionfunding to make it viable.The EU wants to develop domestic output of rare earthmagnets - key for both EVs and wind turbines - to help meettargets for cutting carbo...Read More
(Updates prices)LONDON, Nov 17 (Reuters) - Copper prices fell for a thirdday on Wednesday as expectations of U.S. interest rate riseslifted the dollar to 16-month highs, making metals priced in thegreenback costlier for buyers with other currencies.Benchmark copper on the London Metal Exchange (LME)was down 1.6% at $9,404 a tonne at 1723 GMT.Prices of the metal, used in construction and to conduct...Read More
LONDON, Nov 17 (Reuters) - The U.S. dollar held comfortablyat 4-1/2 year highs versus the yen and tested the $1.12 levelsagainst the euro on Wednesday after robust U.S. data and hawkishcomments from Fed policymakers boosted expectations of a ratehike as early as mid-2022."The strong retail sales number yesterday did exactly whatit was meant to do and broke the U.S. dollar into fresh upsidegro...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Silver is trading another 0.73% higher on Wednesday and it is clear from the 4-hour chart below that the market is on a good run. The price has been making higher highs and higher lows and has pushed a...Read More
Mr. Steve Parsons reportsGOLDSOURCE ANNOUNCES INFILL DRILL RESULTS FOR EAGLE MOUNTAIN, NEAR SURFACE HIGH-GRADE INTERCEPT OF 14.2 M (ETW) GRADING 20.0 GPT AUGoldsource Mines Inc. has released additional infill and expansion drill results for the company's 100-per-cent-owned Eagle Mountain gold project in Guyana, South America. Newly reported results are for 29 core holes totalling 3,269 metres from...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Karen Jones FSTA and the technical team at Commerzbank have been keeping a close eye on the gold market of late. In the latest report, Commerzbank said "Gold has rallied higher to take out key resistan...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold had a positive session overnight moving 0.36% higher to reach $1855/oz. Silver is also trading well up 0.80% at the psychological $25/oz area once again. In the rest of the commodities complex, co...Read More
Rebel Capitalist, Released on 11/17/21George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at t...Read More