Oil prices rose again on Tuesday,approaching multi-year highs amid concerns over steadily shrinking US crudereserves.FundamentalAnalysis U.S. API Weekly Crude Oil Stock: Inventory levels of US crude oil, gasoline and distillates stocks, AmericanPetroleum Institute (API) via InvestingRegarding the API figures publishedTuesday, the increase in crude inventories (with 2.318 million barrels versus1.65...Read More
Precious metals expert Michael Ballanger delves into the Federal Reserve's actions going back decades that affect the price of gold.One of the benefits (or luxuries) of being removed from the commuting rat-race of my earlier life is the ability to devote large swaths of free time to reading – to the acquisition of either new sources of knowledge or new frameworks of opinion, neither of which...Read More
Liberty and Finance, Released on 10/29/21"The world is changing fundamentally," says analyst John Rubino. "When people start acting on the assumption that the Dollar is going to decline at an accelerating rate as far as the eye can see, then everything changes financially." He sees people moving into gold and silver at an even faster rate, pushing the prices to as high as $10,000 and $200 respecti...Read More
King World News, Released on 10/29/21Continue...Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by politic...Read More
Armstrong Economics, Released on 10/29/21I would expect that if China is going to invade Taiwan, the best time is now under BidenContinue... Armstrong: China to invade Taiwan by first quarter of 2022? added by Herman James on 10/30/2021View all posts by Herman James ?+'Read More
Oil prices rose again on Tuesday,approaching multi-year highs amid concerns over steadily shrinking US crudereserves.FundamentalAnalysis U.S. API Weekly Crude Oil Stock: Inventory levels of US crude oil, gasoline and distillates stocks, AmericanPetroleum Institute (API) via InvestingRegarding the API figures publishedTuesday, the increase in crude inventories (with 2.318 million barrels versus1.65...Read More
Precious metals expert Michael Ballanger delves into the Federal Reserve's actions going back decades that affect the price of gold.One of the benefits (or luxuries) of being removed from the commuting rat-race of my earlier life is the ability to devote large swaths of free time to reading – to the acquisition of either new sources of knowledge or new frameworks of opinion, neither of which...Read More
Oil prices rose again on Tuesday,approaching multi-year highs amid concerns over steadily shrinking US crudereserves.FundamentalAnalysis U.S. API Weekly Crude Oil Stock: Inventory levels of US crude oil, gasoline and distillates stocks, AmericanPetroleum Institute (API) via InvestingRegarding the API figures publishedTuesday, the increase in crude inventories (with 2.318 million barrels versus1.65...Read More
Precious metals expert Michael Ballanger delves into the Federal Reserve's actions going back decades that affect the price of gold.One of the benefits (or luxuries) of being removed from the commuting rat-race of my earlier life is the ability to devote large swaths of free time to reading – to the acquisition of either new sources of knowledge or new frameworks of opinion, neither of which...Read More
Real gross domestic product (GDP) increased 2.0% on an annual basis in the third quarter. Stagflation should now be a risk on investors' minds, said Peter Berezin, chief global strategist at BCA Research. "I wouldn't bet on it being as bad as [the 1970s]. I think the Fed would try to cool down the economy by raising rates before we got to double-digit inflation. But having said that, I think the r...Read More
Yamana Gold (TSX:YRI; NYSE:AUY; LSE:AUY) said today it had net earnings of $27.0 million or $0.03 per share basic and diluted. Adjusted net earnings were $69.7 million or $0.07 per share basic and diluted.Mine operating earnings were $154.0 million and increased quarter-over-quarter by 8%.The company said it expects to achieve guidance for the year of 1,000,000 gold equivalent ounces.Total gold pr...Read More
Eldorado Gold (TSX:ELD) said today that gold production totaled 125,459 ounces in Q3 2021, a decrease of 8% from Q3 2020 production of 136,922 ounces driven by a planned shift to lower-grade ore at Kisladag. Overall, production was better than expected. "Gold production in the quarter increased 8% over Q2 2021. As a result of strong production in the first nine months of 2021, primarily due to ope...Read More
Oct 28 (Reuters) - The Nasdaq hit a record high on Thursday, led by mega-cap companies Apple, Amazon.com and Tesla, while solid results from Caterpillar and Merck helped investors shrug off signs of slowing economic growth.Ten of the 11 major S&P sectors advanced, with technology (.SPLRCT) hitting an all-time high and consumer discretionary (.SPLRCD) rising more than 1%.Shares of Tesla Inc...Read More
LONDON, Oct 28 (Reuters) - Royal Dutch Shell (RDSa.L)hit back on Thursday against an activist fund's call for the company to break up, with top executives saying its businesses operate better together than apart.Hedge fund Third Point, which has built a large stake in Shell, on Wednesday called for the oil major to split into multiple companies to improve its performance.The push was the lates...Read More
NEW YORK, Oct 28 (Reuters) - Investors in U.S. interest rate options are paying for trades that benefit from a much earlier-than-expected monetary tightening by the Federal Reserve to fight off stubbornly high inflation, including multiple hikes from next year until 2023.Those bets have pushed volatility higher on U.S. swaptions, or options on interest rate swaps which give the buyer the right to...Read More
Oct 28 (Reuters) - French video game group Ubisoft (UBIP.PA) cut its full-year forecasts on Thursday as it pushed back three major new releases to the next fiscal year.Free-to-play game "Tom Clancy's The Division Heartland", slated for release in 2021-22, is now expected to premiere over 2022-23, Ubisoft said, along with "Prince of Persia: The Sands of Time" and "Rocksmith+", two titles that had...Read More
WASHINGTON (Reuters) -U.S. President Joe Biden presented a social and climate spending plan on Thursday to Congress and voters.The White House said the plan has the support of Democrats in the Senate and House of Representatives. Progressive Democrats in the House, however, have said they want to see the full text before making any deals.INCLUDED*$555 billion in clean energy tax credits*1% tax on...Read More
OTTAWA, Oct 28 (Reuters) - The Bank of Canada is right to warn that inflation will persist well into next year and to signal that interest rates are likely to start moving higher sooner than previously thought, former Canadian central banker David Dodge said on Thursday.The central bank held here its key overnight interest rate at 0.25% on Wednesday, but nudged forward its guidance on a hike to...Read More
RIYADH (Reuters) - U.S.-based energy investor EIG has been shortlisted as a potential buyer of Saudi Aramco's gas pipelines, part of a sale that could exceed $17 billion and is likely to be completed later this year, three sources familiar with the matter said.Aramco is looking to sell a significant minority stake in its gas pipelines, other sources have previously said.In addition to EIG, private...Read More
(Kitco News) Commodity supercycle or not, copper has one of the "most bullish cases" around, said Lobo Tiggre of The Independent Speculator.No matter the general sentiment around commodities, the copper supply-side ensures price gains in the future."I like copper a lot. It is one of the most solid bull cases. And even if the commodity supercycle does roll over, I could see copper keep on going," T...Read More