(Kitco News) The market is no longer convinced that inflation might be as transitory as the Federal Reserve is letting on after U.S. consumer prices jumped 6.2% on an annual basis in October - the hottest reading since 1990.In response to the data, gold jumped nearly $40 on the day, with December Comex futures last trading at $1,867.50, up 2% on Wednesday. Stocks, on the other hand, dipped as risk...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) -Formany gold and silver market bulls, it took a while for their markets to catchfire due to rising and even problematic inflation around the globe. However, atmid-week it appears traders are now seeking...Read More
Nov 10 (Reuters) - Tesla Inc (TSLA.O) shares fell for the fourth straight session on Wednesday, putting at risk the electric-car maker's position in the $1 trillion club after top boss Elon Musk polled Twitter users about selling 10% of his stake.Shares fell as low as 3.5% to $987.31 in volatile early trading, briefly pushing its market value below the $1 trillion mark.The company has lost nearly...Read More
BERLIN, Nov 10 (Reuters) - Germany's federal government finances are in a critical state and the next government must consolidate them, the federal audit office said on Wednesday in a warning shot to parties working to form a ruling coalition who are considering taking on more debt.The centre-left Social Democrats (SPD), the ecologist Greens and the pro-business Free Democrats (FDP) face a massiv...Read More
LONDON (Reuters) - The dollar rose against major peers on Wednesday, ending three days of weakness, after U.S. consumer prices surged to their highest since 1990 and fuelled fears inflation could prove stickier than currently envisaged by the Federal Reserve.In the 12 months through October, the consumer price index accelerated 6.2%. the U.S. Labor Department said on Wednesday, while analysts expe...Read More
SHANGHAI/HONG KONG, Nov 10 (Reuters) - Some bondholders of cash-strapped China Evergrande Group (3333.HK) have not received coupon payments by the end of 30-day grace periods at close of Asia business on Wednesday, sources said, pushing the developer again to the edge of default.Evergrande, the world's most indebted developer which once epitomised a freewheeling era of borrowing and building, has...Read More
Ms. Sharyn Alexander reportsSUN SUMMIT APPOINTS PURNI PARIKH TO BOARD; GRANTS STOCK OPTIONS Sun Summit Minerals Corp. has appointed Purni Parikh to its board of directors.Ms. Parikh has over 25 years of public company experience in the mining sector including corporate affairs and finance, legal and regulatory administration, and governance. Ms. Parikh is president of the Augusta group of companie...Read More
Nov 10 (Reuters) - Wall Street's main indexes opened lower on Wednesday as a surge in U.S. consumer prices last month deepened fears that high inflation is here to stay.The Dow Jones Industrial Average fell 20.73 points, or 0.06%, at the open to 36,299.25.The S&P 500 opened lower by 14.99 points, or 0.32%, at 4,670.26, while the Nasdaq Composite dropped 132.70 points, or 0.84%, to 15,753.84 at...Read More
Nov 10 (Reuters) - Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, amping up investments aimed at weaning car buyers away from fossil fuels and meeting increasingly tough decarbonization targets.Less than three years ago, a similar analysis by Reuters found car companies planned to spend $30...Read More
WASHINGTON, Nov 10 (Reuters) - U.S. consumer prices increased more than expected in October as the cost of gasoline and food surged, leading to the biggest annual gain since 1990, further signs that inflation could remain uncomfortably high well into next year amid snarled global supply chains.The consumer price index rose 0.9% last month after gaining 0.4% in September, the Labor Department said...Read More
Mr. David Stein reportsKUYA SILVER LAUNCHES SECOND DRILL PROGRAM AT SILVER KINGS PROJECT, ONTARIOKuya Silver Corp. has commenced a 2,000-plus-metre drill program at the Silver Kings joint venture, which is part of the company's larger Silver Kings project, located in the historical Cobalt silver mining camp in northeastern Ontario. This drill program is designed to test for high-grade silver-cobal...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) -TheU.S. labor market continues to improve albeit at a slower pace than expected.Thursdaythe U.S. Labor Department said that weekly jobless claims fell to a newpandemic low, dropping by 4,000 to 279,000....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) -Goldprices are solidly higher and hit a nearly five-month high in early U.S.dealings Wednesday, following a hot U.S. inflation reading. There were also hotinflation numbers coming out of China Wednesday...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 seeing bullish volatility as consumer price pressures were significantly hotter than expected last month.Wednesday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0...Read More
EMERYVILLE, Calif., Nov. 10, 2021 /PRNewswire/ -- Amyris, Inc. (Nasdaq: AMRS) ("Amyris"), a leading synthetic biotechnology company accelerating the world to sustainable consumption through its Lab-to-MarketTM operating platform, today announced that it has priced $600.0 million aggregate principal amount of 1.50% convertible senior notes due 2026 (the "notes"). The size of the offering was incre...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) - Analyst's at Credit Suisse have been analyzing the gold market for a potential direction. The team has put together a few scenarios in the bank's latest research note. The bank said "Gold remains...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 is trading lower heading into the European open. The price of the yellow metal has fallen -0.36% to reach $1825/oz. Silver is trading flat at $24.29/oz. In the rest of the commodities complex, cop...Read More
The Korelin Economics Report, Released on 11/10/21Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his technical outlook for gold, silver, and the PM stocks. Gold has been on a 1 week run higher ever since the last Fed meeting. The move higher is also being supported by higher inflation data released today and earlier this week. We also have Jordan comment on the rise in th...Read More
Stansberry Research, Released on 11/10/21Judge Andrew Napolitano is concerned for the future of America and discusses his view of a "lawless government," with our Daniela Cambone."It's terrifying to me that [the U.S. government's] behavior no longer shocks," he says. "It is the dulling of our sensitivities and sensibilities, between right and wrong, that terrifies me," Judge Napolitano states.Even...Read More
The Deep Dive, Released on 11/10/21Joining us again on the Daily Dive is Gareth Soloway of InTheMoneyStocks.com. Gareth joins us this afternoon to provide market commentary on a number of hot topics, including the Federal Reserve's recent announcement on tapering its bond purchases. He also shares his thoughts on bitcoin, gold, silver, and some of the trades he's monitoring.Gareth Soloway is a pro...Read More