BEIJING (Reuters) - China’s coal imports surged 76% in September as power plants scrambled for fuel to ease a power crunch that is pushing domestic coal prices to record highs and disrupting business activity in the world’s second-largest economy.Flooding in a key coal producing province has worsened the supply outlook, with analysts expecting electricity shortages and rationing to con...Read More
(Kitco News) The U.S. inflation data accelerated slightly more than expected in September, with the U.S. Consumer Price Index rising 0.4% after August's advance of 0.3%, the U.S. Labor Department said. Consensus forecasts were calling for a rise of 0.3%.Annualized inflation was at 5.4% versus the projected 5.3%. September's increase matched the largest annual price gain since 2008. This comes afte...Read More
DUBAI, Oct 13 (Reuters) - Egypt is targeting a primary surplus of 1.5% of its gross domestic product and a budget deficit of 6.7% of GDP in the 2021-22 financial year, the cabinet said in a statement on Wednesday citing the finance minister.The country's financial year runs from July to June. (Reporting by Momen Saeed Atallah; Writing by Nadine Awadalla; Editing by Catherine Evans) Disclaimer: Th...Read More
* Labour and goods shortages fuelling UK inflation* UK "breakeven" rates have soared in recent weeks* "Inflation tourists" to blame, says one trader* Funds say U.S., Aussie, euro zone bonds more attractive* Tighter BoE policy, tech may push inflation lowerLONDON, Oct 13 (Reuters) - Britain looks like one place where investors urgently need a hedge against inflation, yet many say trade in domestic...Read More
MUMBAI, Oct 13 (Reuters) - Invesco (IVZ.N) said on Wednesday it facilitated talks between India's Reliance Industries (RELI.NS) and Zee Entertainment (ZEE.NS) earlier this year on a possible tie-up, revealing for the first time that India's richest man, Mukesh Ambani, was interested in the television giant.But the U.S. investment firm rejected allegations from Zee that it was resorting to do...Read More
(Reuters) - India's fuel demand rose 5.2% in September compared with the same month last year to 15.92 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday.Sales of gasoline, or petrol, were 6% higher from a year earlier at 2.60 million tonnes, while diesel sales rose 0.5% year-on-year to 5.51 million tonnes, the data showed.Reporting by...Read More
BRUSSELS, Oct 13 (Reuters) - Apple (AAPL.O) on Wednesday ramped up its criticism of EU draft rules that would force it to allow users to install software from outside its App Store, citing the risks posed by cybercriminals and malware.The iPhone maker has been a fierce critic of EU antitrust chief Margrethe Vestager's proposed rules, which were announced last year in a bid to rein in Apple, Amaz...Read More
WASHINGTON, Oct 13 (Reuters) - Russia was not invited to attend a 30-country virtual meeting led by the United States that is aimed at combating the growing threat of ransomware and other cyber crime, a senior administration official said.Many ransomware gangs operate from Ukraine and Russia, private sector cybersecurity experts say. Some U.S. officials and analysts have said Russian ransomware ga...Read More
WASHINGTON, Oct 13 (Reuters) - President Joe Biden will host a meeting on Wednesday to hail progress in addressing supply chain problems weighing on the economy and threatening the holiday season, while he challenges business and union leaders to do more to ease shipping backlogs.The Port of Los Angeles is going to 24/7 operations as a step toward helping ease the shipping snarl there and at the P...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 weakerWednesday as the market is seeing a routine downside correction after therecent good gains. The Bitcoin bulls still have the solid overall near-termtechnical advantage to s...Read More
LONDON, Oct 13 (Reuters) - Britain's economy returned to growth in August after contracting for the first time in six months in July, keeping intact financial market bets that the Bank of England will begin raising interest rates before the end of the year.Gross domestic product grew by 0.4% in August - a shade under market expectations in a Reuters poll of economists - after it was revised down t...Read More
FRANKFURT, Oct 13 (Reuters) - The new president of Germany's financial watchdog BaFin on Wednesday vowed to make further efforts to bolster supervision in Europe's largest economy amid criticism that current overhaul efforts don't go far enough.BaFin's reputation was battered after it failed to spot wrongdoing ahead of the collapse last year of the German payments company Wirecard, a former blue-c...Read More
BEIJING (Reuters) - China's export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19 cases.The world's second-largest economy has staged an impressive rebound from the pandemic but there are signs the recovery is losing steam. Resilient exports could 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) - Strategists at Australia and New Zealand's ANZ Bank expect gold toreach $1850/oz but to suffer a reverse back lower in the next year and beyond.The bank said "Gold remains within the $1,750-70 range"In...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) - Karen Jones FTSA and the technical team at Commerzbank have beentracking gold closely. She has noted that the recent bounce in gold needs toclear the moving average resistance at $1795/1800/oz to make...Read More
Mr. Darwin Green reports HIGHGOLD MINING INTERSECTS 18.7 G/T AU OVER 56.6 METERS AT JT DEPOSIT, ALASKAHighgold Mining Inc. has released assay results from the continuing 2021 drill program at its 750,000-ounce indicated 10.9-gram-per-tonne-gold-equivalent (AuEq) Johnson Tract polymetallic gold project in south-central Alaska.Hole JT21-125 is an infill hole designed with the dual purpose of collect...Read More
Dr. Jacques Trottier reportsAMEX DRILLS HIGH GRADE GOLD FROM HGZ ZONE OF PERRON INCLUDING UP TO 43.74 G/T GOLD OVER 6.90 METRES IN SHALLOW HOLE AND 28.64 G/T GOLD OVER 5.00 METRES AT DEPTHAmex Exploration Inc. has released a total of 26 drill holes focused on expansion and definition drilling of the high-grade zone on the Perron project. Today's results are focused on on-strike expansion as well a...Read More
Jack ChanPosted Oct 12, 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
ITM Trading, Released on 10/13/21To see Lynette's slides and research links from this video: https://www.itmtrading.com/blog/crisi...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied...Read More
Trends Research, Released on 10/13/21Gerald 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 political dogma, r...Read More