Emerita Resources Corp. issued an update regarding the status of two ongoing independent court cases in Spain and its prospects for winning the tender for the Aznalc?llar project. Research Capital Corp. commented in a research note that it believes the company has at least an 80% probability of being successful in the cases and is maintaining a "Speculative Buy" rating for the company. In a Nov. 8...Read More
Forty percent of all the cargo into the United States comes through the ports of Los Angeles and Long Beach. Offshore, there are thousands of containers stacked up on vessels waiting to get in. How many containers can the ports unload on a normal day?New containers are coming in. There are daily arrivals. When will that supply chain backlog clear?The answer is never. If there are more coming in th...Read More
Daily Reckoning, Released on 11/10/21Forty percent of all the cargo into the United States comes through the ports of Los Angeles and Long Beach. Continue... Rickards: Supply Chain Disruptions Will Continue added by Herman James on 11/13/2021View all posts by Herman James ?+'Read More
S&P 500 paused to a degree, but bonds didn‘t – we‘refar from a peak. That though doesn‘t mean a brief correction (having a properlook at the chart, sideways consolidation not reaching more than a preciouscouple of percentage points down) won‘t arrive still this month. It‘s aquestion of time, and I think it would be driven by tech weakness as the sectorhas re...Read More
LONDON, 10 November 2021 - Analysis and comment from BullionVault today leads the latest gold-price report published on investment ratings site Morningstar.With the US Consumer Price Index up 6.2% year over year in October, "The worst inflation in three decades means the worst ever loss of purchasing power for cash savers," it quotes Adrian Ash, director of research at BullionVault."Bitcoin has ju...Read More
Blockchain technology can now dynamically track your personality profile and store information on a database, with applications ranging from human resources, advertising, and even intelligence gathering, according to Sallyann Della Casa, chief identity hacker at GLEAC. "We're building the largest dataset of human skills applications in tricky work situations," Della Casa told David Lin, anchor for...Read More
Mr. David Wolfin reportsAVINO REPORTS Q3 2021 FINANCIAL RESULTSAvinoSilver & Gold Mines Ltd. has released its consolidated financial results for the company's third quarter 2021. The Financial Statements and Management's Discussion and Analysis (MD&A) can be viewed on the Company's web site at www.avino.com, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.Financial results are report...Read More
Mr. Ewan Downie reportsI-80 GOLD REPORTS 2021 Q3 RESULTS i-80 Gold Corp. has released its unaudited operating and financial results for the three and nine months ended Sept. 30, 2021. i-80's unaudited condensed interim consolidated financial statements ("financial statements"), as well as i-80's management discussion and analysis ("MD&A") for the three and nine months ended September 30, 2021,...Read More
With the recent rise in inflationary pressures, and the consumer price index numbers being reported for October tomorrow Federal Reserve members have differences in regards to interest rate hikes next year.In the dovish camp is Federal Reserve Chairman Jerome Powell, and Federal Reserve Vice Chairman Richard Clarida who both spoke on Monday repeating that lift-off or the onset of interest rate nor...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) - South African platinum group metals (PGM) producer Northam Platinum today announced its acquisition of a 32.8% interest in another local PGM producer Royal Bafokeng Platinum (RBPlat) for R17.0 billion...Read More
ReutersNov 9 (Reuters) - U.S. cryptocurrency exchange Coinbase Global Inc (COIN.O) on Tuesday reported a nearly 30% fall in third-quarter trading volumes on a sequential basis, hit by an easing in trading in bitcoin and other cryptocurrencies.Trading volumes was $327 billion for the quarter, down from $462 billion in the prior quarter.The company reported net income attributable to common sharehol...Read More
ReutersWASHINGTON, Nov 9 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday that the bipartisan infrastructure package approved by Congress and President Joe Biden's proposed social and climate spending plan would increase U.S. productivity and the size of its labor force.Yellen said in prepared remarks to a University of Nevada-Las Vegas economic conference that together, the two bi...Read More
By Jonnelle MarteNov 9 (Reuters) - U.S. consumers are spending more and ramping up credit card balances, reversing a shift during the COVID-19 crisis, when they scaled back spending and substantially paid down debt, a Federal Reserve Bank of New York report showedon Tuesday.After rising by $17 billion in both the second and third quarters, credit card use appears to be returning to pre-pandemic pa...Read More
By David Shepardson and Trevor HunnicuttWASHINGTON, Nov 9 (Reuters) - The White House plans to move quickly on a $17 billion revamp of U.S. ports approved by Congress as part of President Joe Biden's $1 trillion infrastructure bill.Biden is due to visit the Port Of Baltimore on Wednesday to tout funding for revamping U.S. ports facing huge backlogs.The $17 billion will "improve infrastructure at c...Read More
ReutersNov 9 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said he expects more clarity on the economic outlook by the time the Fed ends its bond-buying program in mid-2022, and is keeping an "open mind" on the timing of any rate hikes to follow."I have not made any decisions about where my stance is on that," Kashkari said at an event at University of Wisconsin-E...Read More
(Kitco News) With inflation fears and supply chain concerns, the metals price outlook remains very positive looking towards 2025, according to S&P Global Market Intelligence.Key drivers for this decade will be strong demand stemming from the electronic vehicles energy transition."The metals sector is set to continue its rebound from the effects of the COVID-19 pandemic through 2022. Pent-up co...Read More
Dr. Michael Gunning reportsVR RECEIVES POSITIVE DRILL PERMIT DECISION FOR ITS AMSEL EPITHERMAL GOLD-SILVER PROPERTY IN NEVADA, AND COMPLETES GEOCHRONOLOGY TO CONFIRM ROUND MOUNTAIN AGE VR Resources Ltd. will provide an important update for its Amsel gold-silver project in Nevada:The United States Forest Service (USFS) has concluded its review with a positive decision for the company's drill permit...Read More
Mr. Carlos Espinosa reportsMONARCA MINERALS REPORTS COMPLETION OF PHASE 1 EXPLORATION DRILLING AT SAN JOSE PROJECT AND PRELIMINARY RESULTS INCLUDING 4.07 G/T AU OVER 3.0MMonarca Minerals Inc.has completed its phase 1 San Jose exploration RC (reverse circulation) drilling program with 4,640.6 metres completed in 15 drill holes. Assay results from seven of these drill holes are shown in the attached...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) - i-80 Gold (TSX: IAU) today reported favorable results of a Preliminary Economic Assessment ("PEA") for the company's Granite Creek gold project located in Humboldt County, Nevada.Highlights of the Gran...Read More
Gold and silver are both headed much higher, if prices continue to follow a 7-year arc pattern, said Patrick Karim of Northstar & Badcharts.Should the arc hold, gold should be trading at 250% higher than its 2017 level, translating to $4,200 an ounce by 2024, Karim told David Lin, anchor for Kitco News. Silver would see even more upside, trading at 350% higher than its 2017 level by 2024, implying...Read More