"A people enslaves itself, cuts its own throat, when, having a choice between being vassals and being free men, it deserts its liberties and takes on the yoke, gives consent to its own misery, or, rather, apparently welcomes it."We believe the 16th-century French political theorist ??tienne de La Bo?(C)tie hooked onto a truth here.We plucked this passage from his masterly work The Politics of Obed...Read More
Market participants are once again focused upon the real threat that faces global economies, spiraling inflation. Today the United Kingdom reported that inflation has now hit a 10-year high. In the United States, the current level of inflation is at a 31-year high coming in at 6.2%. Mexico currently has an inflation rate of 6.24%, and many South American countries are running double-digit inflatio...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) - According to data by the Australian Government's Department of Industry, Science, Energy and Resources (DISER), world gold consumption is forecast to increase by 8.7% to 4,057 tonnes in 2021, and to gr...Read More
Mr. Peter Tallman reportsKLONDIKE CLOSES $3,516,726 PRIVATE PLACEMENT Further to its news release of Oct. 25, 2021, Klondike Gold Corp. has closed the second tranche of the non-brokered private placement raising total aggregate proceeds of $3,516,726.55 of which $2,395,000 are flow-through funds.The second trancheIn closing the second tranche, the company issued 2.3 million flow-through units at t...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) - Today, Sandstorm Gold Royalties (NYSE: SAND, TSX: SSL) announced that Lidya Madencilik, the operator of the Hod Maden project, has received the final approval of the Environmental Impact Assessment ("E...Read More
Ms. Claudia Tornquist reportsKODIAK COPPER TEMPORARILY PAUSES DRILL PROGRAM AT MPD DUE TO FLOODING AND ROAD CLOSURESWork has been temporarily suspended at Kodiak Copper Corp.'s MPD copper-gold porphyry project in Southern British Columbia following an evacuation order for the town of Merritt due to flooding. Personnel has been safely demobilized, and there is no risk to Kodiak's project infrastruc...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) - According to GlobalData, South Africa's gold production fell by an estimated 10.4% in 2020 over the previous year, primarily due to the impact of the COVID-19 pandemic, which led to strict lockdown mea...Read More
Sandstorm Gold Royalties Announces Hod Maden Project EIA ApprovalCanada NewsWireVANCOUVER, BC, Nov. 17, 2021Read 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) - Polish mining giant KGHM, one of the world's largest producers of copper, announced today that payable copper production by the KGHM Group in the first 3 quarters of 2021 was higher by 10.1% (9M/9M) an...Read More
Nov 17 (Reuters) - Alphabet Inc's (GOOGL.O) Waymo said on Wednesday it is expanding its partnership with United Parcel Service Inc (UPS.N) to move freight using autonomous trucks between two of the parcel delivery company's Texas facilities during the holiday season.Waymo Via, the company's delivery operation, began its partnership with UPS in early 2020 when it shuttled packages for the compa...Read More
Nov 17 (Reuters) - Amazon.com Inc (AMZN.O)will stop accepting Visa Inc (V.N) credit cards issued in the United Kingdom from next year because of the high transaction fees charged by the payment processor, the e-commerce giant said on Wednesday."As a result of Visa's continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of 19 January, 2...Read More
LONDON, Nov 17 (Reuters) - Blockchain technology firm ConsenSys said on Wednesday it had raised $200 million, at a valuation of $3.2 billion, from investors including HSBC (HSBA.L) and U.S. hedge fund Third Point.Blockchain emerged over a decade ago as the technology behind cryptocurrencies such as bitcoin. Since then, investors have poured millions of dollars into the technology and related com...Read More
WARSAW/BRUSSELS/VILNIUS, Nov 17 (Reuters) - The EU said on Wednesday it will send 700,000 euros worth of food, blankets and other aid to migrants at the Belarus border, after criticism it had done too little to help thousands of people trapped in frozen woods by an east-west feud.In a sign of European urgency to resolve what it calls an artificial border crisis created by Minsk, Germany's Chancell...Read More
WASHINGTON, Nov 17 (Reuters) - U.S. President Joe Biden on Wednesday said there was mounting evidence of anti-consumer behavior by oil and gas companies that is keeping fuel prices elevated, asking the Federal Trade Commission to dig deeper into possible "illegal conduct" in the market.The White House is pressing on several fronts to try to lower fuel costs, even as tight global oil supply drives...Read More
LONDON, Nov 17 (Reuters) - British households, businesses and financial markets remain confident that the Bank of England will return inflation to its 2% target, BoE policymaker Catherine Mann said, after official data on Wednesday showed inflation at a 10-year high.BoE Governor Andrew Bailey said on Monday that he had been concerned last month that markets might lose faith in the BoE's commitment...Read More
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) chairman, seeking to improve transparency in the world's biggest bond market, has asked staff for new rules to ensure principal trding firms (PTFs) are properly registered as dealers.Speaking at the New York Federal Reserve, Gary Gensler said the rules would likely mandate PTFs, also known as high-frequency trading firms, to...Read More
PARIS (Reuters) - France's Danone, the world's largest yoghurt maker, plans to switch one of its big French factories to plant-based drinks next year in a bet on fast-growing non-dairy milk alternatives.Danone said in a statement on Wednesday it will invest 43 million euros ($49 million) in 2022 to convert its Villecomtal-sur-Arros dairy plant in southern France into a production site of mainly oa...Read More
Nov 17 (Reuters) - Shares of Tesla (TSLA.O) climbed for a second day on Wednesday, gaining 4% after Chief Executive Elon Musk sold more of his shares, while other high-flying electric vehicle makers hit the brakes on a euphoric rally.Luxury electric car maker Lucid Group Inc (LCID.O) tumbled 8%, while Rivian Automotive Inc (RIVN.O) dropped about 15%, down for the first time since its blockbu...Read More
(Reuters) - A stronger regulatory and supervisory framework is needed to ensure that stablecoins are a safe form of payment, but they should not necessarily be subject to all of the same rules as banks, Federal Reserve Board Governor Christopher Waller said on Wednesday.Waller also said that while he would be okay with the idea of banks being able to issue both bank deposits and stablecoins, he di...Read More
(Adds details)TUNIS, Nov 17 (Reuters) - Tunisia has cut its GDP growth expectation for 2021 to 2.6%, down from a previous forecast of 4%, according a document seen by Reuters.Tunisia faces its the worst economic crisis after its economy contracted 8.8% last year and the fiscal deficit reached a record 11.4%.The fiscal deficit in the latest forecast will reach 8.3% in 2021, up from 6.6% expected ea...Read More