Oct 19 (Reuters) - Johnson & Johnson (JNJ.N) on Tuesday raised its annual adjusted profit forecast, but stuck to its COVID-19 vaccine sales target of $2.5 billion as it works its way through production challenges that have resulted in delays.The drugmaker had earlier this year faced quality problems at a Baltimore manufacturing facility that produces the single-dose vaccine, resulting in wastage...Read More
(Kitco News) - The demise of the Fed is coming, andwith the collapse of the current monetary system comes the adoption of Bitcoinas the new global reserve currency, said Gareth Soloway, chief marketstrategist of IntheMoneyStocks.com."What I'm actually calling foris a total collapse of the monetary system, actually. So, there will have to bea reset. And I do think that what we're going to go throu...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 and silver pricessolidly higher in early U.S. trading Tuesday, with silver notching a four-weekhigh. A drop in the U.S. dollar index on this day and more bullish near-termchart postures for both...Read More
LONDON, Oct 19 (Reuters) - The dollar retreated on Tuesday to a three-week low, hit by a proliferation in rate-hike bets in other markets, while the yuan surged to its highest in four months, benefiting from greenback weakness and a slight easing in property market concerns.A robust start to the U.S. earnings season and hopes that China will be able to contain its property market malaise boosted g...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) - Bitcoin-U.S. dollarare higherin early U.S. trading Tuesday. The Bitcoin bulls have the solid overallnear-term technical advantage as prices hover near a seven-month high and arein a solid uptrend. Ther...Read More
* 30+ definitions of green investments being developed* Aim to steer cash into ‘green' economic activities* Investors see costs, hassle to navigate multiple schemesLONDON, Oct 19 (Reuters) - After years of complaints that there were no rules to determine what constitutes a "sustainable" investment, investors now fret there will soon be too many to navigate easily.More than 30 taxonomies outl...Read More
AUSTIN (Reuters) - In 2019, Diane Guerra and her husband moved out of their two-bedroom apartment in trendy East Austin to buy a house in one of the city's booming northern suburbs. The move doubled their commutes - hers to 40 minutes, his to 30 - but they have no regrets."We simply couldn't afford any of the larger houses in the city," said Guerra, a 35-year-old executive assistant.Like three in...Read More
LJUBLJANA (Reuters) - Euro zone inflation is at risk of overshooting projections so the European Central Bank needs to carefully monitor price growth and should end its emergency stimulus programme next March, ECB policymaker Bostjan Vasle told Reuters.Inflation has surged above the ECB's target due to a long list of one-off factors, leading to fears that what was once considered a temporary price...Read More
HONG KONG/SHANGHAI (Reuters) -China Evergrande Group's deal to sell a 51% stake in its property services unit has been put on hold, two people with knowledge of the matter said, in a blow to the embattled developer's hopes of avoiding a potentially disruptive default.Evergrande, teetering on the brink of collapse with more than $300 billion in debt, was in talks to sell the stake in Evergrande Pro...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) - Silver has been looking bid over the last few session but theprecious metal is heading to a tricky resistance zone. The area marked by thegreen shaded zone has been used on three previous occasions on...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) - Across the board, the bull market in base metals has helped boost investment since the COVID-19 pandemic took hold of the markets. S&P Global Market Intelligence recently conducted a report lo...Read More
MELBOURNE, Oct 19 (Reuters) - A mining industry group inWestern Australia said it opposes a proposed overhaul ofnational heritage laws that would give greater control toAboriginal landholders in the wake of the destruction of ancientsites.A federal parliamentary inquiry into the legal destructionlast year of ancient rock shelters at Juukan Gorge, WesternAustralia, by Rio Tinto recommended on Monda...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 has continued to recover overnight after falling for two sessions in a row. The yellow metal now trades 0.75% higher at $1777/oz. Silver has moved 1.75% in the right direction to trade at $23.59/o...Read More
By Mai NguyenOct 19 (Reuters) - Copper prices rose on Tuesday, buoyed bydecades-low supplies and an extreme shortage of readilyavailable metal in exchange warehouses.Three-month copper on the London Metal Exchange rose1.5% to $10,351 a tonne by 0703 GMT, while the most-tradedNovember copper contract on the Shanghai Futures Exchange closed up 0.2% at 75,810 yuan ($11,834.77) a tonne.LME cash copper...Read More
Jack ChanPosted Oct 18, 2021Gold sector as represented by $HUI is now on amajor SELL signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation is in bear market values, but now at level of previous tradable bottom.Speculation in bear market values. Our ra...Read More
This Special Report was prepared by John Ing, President and CEO, Maison Placements Canada Inc., one of Bay Street's oldest financial firms.President Biden's messy departure from Afghanistan has long reaching consequences casting a long shadow over his domestic plans into the upcoming midterms. For one thing, he dug himself a deeper hole when he vowed to conduct operations against ISIS-K. After the...Read More
Argus Research, an independent investment research firm, has initiated Sponsored Research Coverage on Cerrado Gold (TSX.V: CERT). Excerpts and Highlights from the Report by Argus Analysts Steve Silver follow: Cerrado Gold is a Toronto-based mining and exploration company with an expanding portfolio of precious metal assets in South America. The company owns and operates Minera Don Nicolas (MDN), a...Read More
(Reuters) - Investors looking for exposure to early stage gold mines can buy millions of dollars of the precious metal at a discount on a digital exchange in a new development which will also provide funding for miners to develop their assets. Physically-backed products such as exchange traded funds (ETFs) are one way for investors to access gold investments, but they don't offer discounts or the...Read More
Some analysis of trends in the gold price implies that these are only ever determined by macroeconomic factors and how investors, particularly those we would classify as institutional, react to those factors. There can be no doubt that these are the overwhelming drivers of price moves in the short-term, but Metals Focus, one of the world's leading precious metals consultancies, believe there are...Read More
On 28th September, Agnico Eagle (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold (TSX: KL; NYSE: KL) announced that they had entered into an agreement to merge the two companies. The proposed transaction will see Kirkland Lake Gold shareholders receive 0.7935 Agnico Eagle shares for each share held, with the total value of the deal estimated at $11Bn. Should the merger be successfully completed, which...Read More