SYDNEY, Nov 5 (Reuters) - Australia's banking watchdog said it was examining the regulatory implications of Commonwealth Bank's (CBA.AX)'s planned introduction of bitcoin trading to unsophisticated retail investors - the first bank in Australia to do so.CBA says it would welcome a clear regulatory framework for crytpocurrencies, which are not formally regulated in Australia.On Wednesday CBA broke...Read More
VIENNA, Nov 5 (Reuters) - Housing costs may be adding more to euro zone inflation than once thought, European Central Bank policymaker Robert Holzmann said on Friday, weighing in on a key issue that has been a focus of policymakers this year.When asked how much owner-occupied housing costs could increase headline inflation, Holzmann, Austria's central bank chief, said it could raise it by as much...Read More
HONG KONG, Nov 5 (Reuters) - This was supposed to be Jack Ma's finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empire, abruptly clipping the wings of corporate China's biggest star.Now, to the cautious cheer of investors, the billionaire Alibaba (9988.HK) e-commerce tycoon is taking his first tentative steps...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 found itself back in familiar territory after dropping following the FOMC announcement. The price found some good support at the green area highlighted in a previous post at the $1760/oz area....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) - In Perth Mint's latest statistics, it has emerged that Perth Mint sold 59,750 troy ounces of gold and 1,352,275 troy ounces of silver in minted product form during October.The depository holdings...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 have moved higher into the last trading day of the week. Gold is back in familiar territory just below $1800/oz and silver is trading at $23.89/oz. In the rest of the commodities comple...Read More
Bob Moriarty ArchivesNov 5, 2021Over the last year I have written many pieces and done a number of interviews saying that I believed we were going to have a major market crash in late October. Obviously I was dead wrong. I did get it right that the markets topped in late August, early September just as they did in 1929 but we didn’t have the similar very late October crash that I foresaw. In...Read More
Glenn Greenwald's System Update, Released on 11/5/21For the last 9 months, Democrats in politics and media have insisted that 1/6 was the worst attack on American democracy since the Civil War, that it entailed crimes of sedition, treason, insurrection and attempted murder and kidnapping of elected officials. Yet thus far, not a single American has been charged with any of those crimes. If Democra...Read More
Quoth the Raven, Released on 11/5/21Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, N...Read More
Kinesis Money, Released on 11/5/21This week, Andrew Maguire reveals that India, the US and a major bank are all stockpiling physical silver at levels not seen since March 2020, in the lead up to silver's memorable rally.With the BIS up to their usual tricks around Options Expiry, the precious metals expert explains recent volatility and gives a short-term forecast for the fortnight ahead.00:00 Sta...Read More
Wall St. For Main St., Released on 11/5/21McDonald's hikes prices to offset wage increases, supply costs https://thehill.com/business-a-lobbyi...McDonald's Raises Menu Prices as U.S. Worker Wages Climb https://www.wsj.com/articles/mcdonald...It's not as simple as just raising wages. Many small business owners are already suffering and can't afford much more cost increases and wage increases.Commit...Read More
Financial Survival Network, Released on 11/5/21 (Recorded on 11/5/21)Summary: Rick Rule and I sit down to discuss all things investment in light of the fed giving every indication that they're going to taper. We discuss the oil and gas industry-which we're pretty optimistic about-as well as the precious metals and how inflation is affecting jobs. Tune in for more insight from myself and Rick.Rick...Read More
321gold, Released on 11/5/21Over the last year I have written many pieces and done a number of interviews saying that I believed we were Continue... Bob Moriarty: Obviously I was Wrong Calling for a Market Crash in October added by Herman James on 11/05/2021View all posts by Herman James ?+'Read More
Bloomberg, Released on 11/5/21Mohamed El-Erian, a Bloomberg Opinion columnist, says Fed should've been more aggressive in terms of forward guidance on rates. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the wo...Read More
CNS News, Released on 11/5/21The Labor Department's Bureau of Labor Statistics announced on Friday that 100,450,000 people in this country were not in the labor force in Continue... 100,450,000: More Than 100 Million Not in Labor Force for 14th Straight Month; No Job, Not Looking added by Herman James on 11/05/2021View all posts by Herman James ?+'Read More
Chris Temple of The National Investor profiles 10 companies in a variety of sectors on his recommended list. "I very much am of the view that a great many resource-oriented stories and the best companies have incredible futures ahead of them," he writes. Companies discussed in this article:Enterprise Group Inc. (E:TSX.V: ETOLF:OTC) ProStar Holdings Inc. (MAPS:TSX.V: MAPPF:OTCQB ATI AirTest Technol...Read More
As the world adopts Cleantech as a means to curb environmental pollution, U.S.-based Mineworx Technologies Ltd. (MWX:TSX.V) has found a technological replacement for the traditional mining of precious metals. Mineworx uses its unique cleantech to economically and cleanly extract platinum and palladium from spent diesel catalysts. Mineworx Technologies Ltd (TSX.V: MWX) has just revealed that it wi...Read More
Let’s face it, the metals are nothaving an easy time breaking out. Short-term rallies end up going nowhere andbearish signs are still in abundance.Yesterday’s session was once again quiteinformative, and so is today’s pre-market trading. In yesterday’s analysis, Iemphasized the importance of the relative weakness that we just saw in miningstocks, so let’s start with t...Read More
With the OPEC+ meeting on Thursday,oil looks to be in a corrective phase, as pressure is on for more crude. Are welooking at bearish winds ahead?Crude oil prices have started theircorrective wave, as we are approaching the monthly OPEC+ group meeting onThursday, with some market participants now considering the eventuality of alarger-than-expected rise in production. U.S. API Weekly Crude Oil Stoc...Read More
Arcadia Economics, Released on 11/5/21Is the silver supply chain breaking?To answer this timely question I'm joined by silver legends Bill Hoter, Andy Schectman and David Smith to discuss what is going on with the silver supply.?>>?Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles...Read More