Business Today, Released on 11/2/21Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his fre...Read More
The Most Important News (via Zero Hedge), Released on 11/2/21Emergency rooms are filled to overflowing all over America, and nobody can seem to explain why this is happening.Can anyone out there explain this to me?Continue... Something Really Strange Is Happening At Hospitals All Over America added by Herman James on 11/03/2021View all posts by Herman James ?+'Read More
Yesterday we alerted you to the marching prospect of a "hidden" global tax, presently gaining pace.It has you centered within its crosshaired sights.Here is natural resources wizard Marin Katusa, in necessary review:There's a new hidden tax that will underpin the global economy just like the internet underpins every single tech company and piece of software today.This is not a hypothetical tax or...Read More
Fortescue Future Industries (FFI) will become the largest supplier of green hydrogen to the United Kingdom after signing a multi-billion-pound deal with construction giant J C Bamford Excavators (JCB) and Ryze Hydrogen (Ryze).Fortescue Future Industries announced the deal today. The company plans to produce zero-emission green hydrogen from 100 per cent renewable sources. Under a memorandum of und...Read More
Freeport-McMoRan (NYSE: FCX) announced today a plans to buy $3.0 billion of FCX common stock.The Board also approved the addition of a variable cash dividend on common stock for 2022 at an expected annual rate of $0.30 per share. The stock traded up 1.62% to $38.33 a share. Freeport is the world's number two copper miner. By Michael McCrae For Kitco NewsFollow michaelmccraemmccrae@kitco.comwww.kit...Read More
Ramelius Resources (ASX:RMS) is increasing its offer for Apollo Consolidated (ASX:AOP).Ramelius said today that it will pay 34 cents in cash plus .1778 Ramelius shares for each Apollo share, a total offer worth A$181 million.Apllo's board supports the offer.The bid upsets Gold Road Resources (ASX:GOR) offer from last month, which was about A$166 million on a fully-diluted basis and trumped an earl...Read More
Troubled Harte Gold (TSX: HRT) announced today it is extending its legal negotiations with its lenders to review its options and find a buyer.Harte Gold holds a 100% interest in the Sugar Zone mine located in White River, Canada. The Sugar Zone Mine entered commercial production in 2019.The company announced a forbearance agreement with BHP Paribas in July.The company said it is carrying out a sal...Read More
Traders andinvestors are waiting for two key events this week that will shape thedirection and price of gold. The first event will begin tomorrow and concludeon Wednesday when the Federal Reserve convenes and concludes its November FOMCmeeting. This will be followed by the Fed's monetary policy statement whichwill contain any changes, as well as a press conference by Chairman Powellapproximately...Read More
(Reuters) - The U.S. Treasury said on Monday it plans to borrow $1.015 trillion in the fourth quarter, more than the August estimate of $703 billion, due to having a lower balance at the beginning of the quarter.This is somewhat offset by a lower end-of-quarter balance and higher receipts, the Treasury said in a statement. The fourth-quarter estimate assumes an end-Dec. cash balance of $650 billio...Read More
NEW YORK (Reuters) - Rising illiquidity in the $14.8 trillion U.S. Treasuries market could spill over into other financial markets as hedge funds reduce their capacity to take on risk, Bank of America warned in a report on Monday.Leveraged hedge funds in particular have likely suffered large losses from the rapid increase in short-term Treasury yields, the report added."These moves have exposed st...Read More
Nov 1 (Reuters) - A possible cyber attack against the healthcare system in the Canadian province of Newfoundland has disrupted services and forced the cancellation of some appointments, health authorities said on Monday.An investigation was under way to understand the nature and extent of the attack, which was detected on Saturday, health minister John Haggie told reporters."This led to progressiv...Read More
WASHINGTON, Nov 1 (Reuters) - U.S. Senate Majority Leader Chuck Schumer said on Monday that talks on President Joe Biden's social policy and climate change legislation continue to make "good progress," despite concerns aired earlier in the day by a key Democratic lawmaker. (Reporting by David Morgan, Editing by Rosalba O'Brien) Disclaimer: The views expressed in this article are those of the auth...Read More
WASHINGTON, Nov 1 (Reuters) - U.S. manufacturing activity slowed in October, with all industries reporting record-long lead times for raw materials, indicating that stretched supply chains continued to constrain economic activity early in the fourth quarter.The Institute for Supply Management (ISM) survey on Monday also hinted at some moderation in demand amid surging prices, with a measure of new...Read More
(Updates prices, adds chart)LONDON, Nov 1 (Reuters) - The pound slipped on Monday, touching its lowest in more than two weeks versus the dollar and euro, pressured by uncertainty over the Bank of England’s policy stance and an escalating post-Brexit spat with France over fish.Robust German and U.S. inflation last week caused an aggressive re-pricing of interest rate bets in those markets.Whi...Read More
(Reuters) - The Nasdaq index hovered at a record high on Monday boosted by gains in Tesla and Meta Platforms, although investors refrained from making big bets ahead of the Federal Reserve's potential move to start paring pandemic-era support for the world's largest economy.At 12:01 p.m. ET, the Dow Jones Industrial Average was up 46.29 points, or 0.13%, at 35,865.85, the S&P 500 was up 1.95 point...Read More
(Reuters) - BlackRock has hired a senior executive from communications and investor relations firm Joele Frank to lead its investment stewardship team in the Americas, which oversees the asset manager's interactions with hundreds of U.S. companies.John Roe will join as managing director, head of BlackRock Investment Stewardship (BIS), Americas, next week, according to a memo sent to employees on M...Read More
StrengthsOf the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Aigang (AIX), rising 66,384.61%.The Wharton School of business at the University of Pennsylvania, one of the nation's premier business schools, plans to accept cryptocurrency as tuition payment for its online blockchain and digital assets program. The Ivy League's program will accept digital coins such a...Read More
StrengthsThe best performing precious metal for the week was gold, but still off 0.52%. Gold remained range bound as traders weighed concerns over the world's economic recovery, which is supporting demand for haven assets, against prospects of tighter monetary policy. The collapse in the global sovereign-debt yield curve is accelerating, sending a foreboding signal to central banks that a withdraw...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 National Institute ofStatistics and Informatics of Peru (INEI) announced today that the domesticmining and hydrocarbons sector increased by 11.07% in September 2021 comparedto the same month of 202...Read More
MEXICO CITY, Nov 1 (Reuters) - Mexico's manufacturing sector moved closer to the break even point in October but still contracted for the 20th month in a row, as global supply chain bottlenecks led to raw material shortages, a survey showed on Monday.The IHS Markit Mexico Manufacturing Purchasing Managers' Index rose to 49.3 in October from 48.6 in September, below the 50 threshold that separates...Read More