Chris Temple of The National Investor explains why he has put E2Gold on his buy list and why he believes E2Gold has the potential to multiply its resource base. News Flash, Nov. 11: Sector expert Clive Maund explained in a quick update why he has put E2Gold on his list as a great buy for today. You can read more here.Several weeks ago in one of my regular calls with Streetwise Reports to compare n...Read More
After sitting on the sidelines for much of last year, central bank appetite for gold has resumed, in part due to inflationary pressures globally along with disruptions in the energy market.Russia recently reached a milestone record for its gold reserves, now ranking fifth in the world for the size of its holdings.Russia now holds well over 20% of its reserves in gold! This represents nearly 2,300...Read More
Chris Temple of The National Investor explains why he has put E2Gold on his buy list and why he believes E2Gold has the potential to multiply its resource base, and geologic expert Dr. Quentin Hennigh agrees. In a statement made today, Hennigh told Streetwise why E2 is a buying opportunity for long-term investors right now. News Flash, Nov. 18: "E2Gold's most recent financing became free trading...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) - B2Gold (TSX: BTO) (NYSE: BTG) today reported that its total gold production in the third quarter of 2021 was 310,261 ounces (including 14,538 ounces of attributable production from Calibre), above budg...Read More
Despite record commodity prices, Mongolian coal miner SouthGobi Resources (TSE:SGQ) announced a profit warning today. In a news release published last week, SouthGobi wrote that it expected a net loss "...primarily attributable to the continued impact caused by the COVID-19 pandemic, including, but not limited to, restrictions on the number of trucks of coal crossing the border at the Ceke Port of...Read More
Agnico Eagle Mines (NYSE:AEM, TSX:AEM) announced today reported quarterly net income of $114.5 million,or net income of $0.47 per share, for the third quarter of 2021.During the same quarter a year ago, the company had net income of $222.7 million. The company said income was down due to lower average realized metal prices andhigher production costs, partially offset by higher sales volumes. Payab...Read More
The FOMCmeeting for November began today and will conclude tomorrow. Most importantly, itwill be the statement and following press conference by Chairman Powell thatwill draw the most attention. The statement will contain information about whenthe Federal Reserve will begin tapering their $120 billion monthly assetpurchases. The press conference will clarify any ambiguities found within thestateme...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 prices have a chance to push back to $1,900 an ounce throughmost of 2022. Still, the precious metal will be caught between higher inflationand higher real interest rates, according to analysts at...Read More
Gold's day-to-day gains are being capped at $1,800 an ounce as markets wait for the Federal Reserve highly anticipated tapering announcement on Wednesday. Close attention is also being paid to what Fed Chair Jerome Powell will say about inflation.Prior to the central bank's meeting, gold has settled into a fairly narrow trading range between $1,780 and $1,800 an ounce. At the time of writing, Dece...Read More
* Gained ground on U.S. crop concerns* Soybean futures upon sluggish harvest progress (Adds closing prices, updates headline)CHICAGO, Nov 2 (Reuters) - Chicago wheat futures eased on Tuesday after rising to their highest level in almost nine years, as the declining condition of the U.S. winter crop raised worries over global supply at a time of tight stocks and strong international demand.U.S. whe...Read More
(Kitco News) The Federal Reserve's digital dollar is a "scary" concept because it is all about having direct control over currency and economy, said Brien Lundin, executive editor of the Gold Newsletter and the New Orleans Investment Conference host.As the Federal Reserve prepares to launch a review of a possible central bank digital currency (CBDC) shortly, U.S. citizens need to be aware of all t...Read More
NEW YORK, Nov 2 (Reuters) - The dollar firmed slightly on Tuesday as the U.S. Federal Reserve kicked off its two-day policy meeting where it was expected to announce it will begin tapering its massive asset purchases put in place at the start of the COVID-19 pandemic.Investors in recent weeks have priced in a wave of tightening from central banks as they bet policymakers are sufficiently concerned...Read More
Oct 27 (Reuters) - (This Oct. 27 story corrects paragraph 4 to reflect that SK Hynix originally joined the program in 2020)Apple Inc (AAPL.O) said on Wednesday that 175 of its suppliers have now committed to use clean energy for the work they do for the iPhone maker, helping to bring more than 9 gigawatts of clean energy onto power grids.The new round of suppliers - which is an increase from the...Read More
Nov 2 (Reuters) - Microsoft Corp (MSFT.O) on Tuesday announced a new round of technologies aimed at making its cloud computing services work in data centers it does not own - including the cloud data centers of its rivals.The strategy, Microsoft executives and analysts say, has been key to the company's rise in the cloud computing infrastructure market, which research firm Gartner estimates hit...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) - Kitco estimated thatCarlin was the largest gold operation in the United States in Q2 2021, and thatthe domestic gold mining sector produced 1,370 koz of gold in Q2 2021, 6% less than1,460 koz produced...Read More
Nov 2 (Reuters) - Facebook Inc (FB.O) announced on Tuesday it is shutting down its facial recognition system which automatically identifies users in photos and videos, citing growing societal concerns about the use of such technology."Regulators are still in the process of providing a clear set of rules governing its use," said Jerome Pesenti, vice president of artificial intelligence at Faceboo...Read More
GLASGOW, Nov 2 (Reuters) - More than 100 global leaders have pledged to halt and reverse deforestation and land degradation by the end of the decade, underpinned by $19 billion in public and private funds to invest in protecting and restoring forests.The promise, made in a joint statement issued late on Monday at the COP26 climate talks in Glasgow, was backed by the leaders of countries includin...Read More
WASHINGTON (Reuters) - The chair of the U.S. Securities and Exchange Commission (SEC)said on Tuesday it will consider new oversight rules for some platforms for trading U.S. Treasuries, in a move aimed at boosting transparency and competition.Gary Gensler said he asked staff to revisit a 2020 proposal issued here under the Trump administration intended to treat electronic trading platforms for c...Read More
(Reuters) -U.S. Treasury Secretary Janet Yellen on Tuesday will push financial institutions to adopt a "greater sense of urgency" about investing in a net-zero economy in meetings with the head of Bank of America and other finance CEOs, Treasury officials said.John Morton, a former private equity adviser and Treasury's first climate counselor, told reporters Yellen would explain new U.S. governmen...Read More
Nov 2 (Reuters) - More than 140,000 drivers are getting $60 million in tips that were illegally withheld by Amazon (AMZN.O) between 2016 and 2019, the Federal Trade Commission said on Tuesday.Earlier this year, the agency sued the tech giant and its subsidiary, Amazon Logistics, alleging the company failed to fully pay tips that drivers in its Amazon Flex program had earned.Amazon Flex drivers d...Read More