LONDON (Reuters) - The Bank of England will be the first major central bank to raise interest rates but whether that initial increase comes as soon as next month or if it waits until early next year has divided economists polled by Reuters.Britain's central bank surprised markets - but not a majority of the economists Reuters surveyed in October - by leaving Bank Rate unchanged at a record low of...Read More
LONDON, Nov 12 (Reuters) - Wall Street was headed for a steady start on Friday, helping stocks to consolidate record highs in Europe on the back of strong earnings and shrug off renewed selling in U.S. Treasury markets.The dollar was set for it biggest weekly rise in five months, helping to send crude oil prices down nearly 2% a barrel.U.S. Treasury markets were closed on Thursday for a holiday, b...Read More
The newsheadlines this week, along with the rising gold price, is implying investorsacross the globe have finally accepted that inflation will continue to run hot.Despite the best efforts by central banks to convince them that surging pricesof most everything is transitory, December Gold futures are headed for their biggestweekly gain in six months. The gold price has also moved sharply above both...Read More
After Thursday's solid rally, gold, silver and platinum are seeing a small pullback this morning. Yesterday, we wrote that a pullback was expected and healthy for the metals. With a clear head, those who understand how markets work would recognize this action is healthy and should lead to a bigger rally. When looking at the footprint the charts leave, the pace of the rally was a little too fa...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 prices are lower in early U.S. trading Friday, on normal downsidecorrections and some chart consolidation following recent good gains that thisweek pushed prices to multi-month highs. Bu...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 pulled back 1.23% in the European session as the market seems to be taking stock following the recent moves higher in precious metals. The price is now at the $25/oz psychological level...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) - Damian Courvalin, Head of Energy Research at Goldman Sachs was recently interviewed on Bloomberg television and he had some bullish comments on gold.He kicked off the interview by saying, Ove...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 is retracing slightly after six sessions of gains. The yellow metal is -0.17% lower leading into the European open trading at $1858/oz. Silver is trading 0.10% higher at $25.26/oz. Elsewhere in th...Read More
Kinesis Money, Released on 11/12/21This week, Andrew Maguire sits down with hedge fund manager and mining stock specialist, Dave Kranzler, for a deep dive into the precious metals markets. The pair discuss the impact of retail silver buying on the market; the future of gold and silver premiums and industry predictions of a severe silver supply deficit in years to come.00:00 Start01:06 Silverfest 2...Read More
THE EARLY STAGE INVESTOR, Released on 11/12/21 (Recorded on 11/11/21)00:00 - Stock market melt up into year end?5:13 - Are we repeating the Japanese Experiment?6;45 - What happens when the stock market crashes and why will It happen?15:22 - Does Stagflation come after the crash?20:55 - Why David Think's we won't have rampant inflation in the near term25:10 - Watch for another buying opportunity in...Read More
TradersChoice.net, Released on 11/12/21Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Co...Read More
Armstrong Economics, Released on 11/12/21At least since May of 2021, the Biden Administration has been secretly flying illegal aliens around Continue... Armstrong: Biden Administration Preparing to Rig the 2022 Election As Directed by Soros? added by Herman James on 11/12/2021View all posts by Herman James ?+'Read More
Armstrong Economics, Released on 11/12/21Joe Biden is considering cutting of the heat for MichiganContinue... Armstrong: The environmentalists are out for blood added by Herman James on 11/12/2021View all posts by Herman James ?+'Read More
Armstrong Economics, Released on 11/12/21The mass migration from Soth American that the Biden Administration is encouraging may result in the real pandemic with mutation of viruses that haveContinue... Biden May Be Unleashing Worst Pandemic In History By Allowing Illegal Immigrants Into USA Without Any Medical Checks added by Herman James on 11/12/2021View all posts by Herman James ?+'Read More
Dr. Eli David - Twitter, Released on 11/12/21CDC does not recognize natural immunity.So a lawyer asked them, under Freedom of Information Act, to provide cases where someone recovered from Covid, got infected again and transmitted it.CDC's response? "We did not find any such case"Unbelievable._ pic.twitter.com/rue5BAvBPx- Dr. Eli David (@DrEliDavid) November 12, 2021The CDC's unbelievable response...Read More
The Daily Gold, Released on 11/12/21Gold needs to close above $1900 on a weekly and monthly basis to register a meaningful breakout, but even a curmudgeon like me can noteContinue... Jordan Roy-Byrne: Gold & Gold Stocks to Test Overhead Resistance added by Herman James on 11/12/2021View all posts by Herman James ?+'Read More
US economy added 531,000 jobs in October, surpassing expectations. Gold reacted… in a bullish way, and jumped above $1,800!The October nonfarm payrolls came surprisingly strong. As the chart below shows, the US labor market added 531,000 jobs last month, much above the expectations (MarketWatch’s analysts forecasted 450,000 added jobs). So, it’s a nice change from the last two d...Read More
Stansberry Research, Released on 11/12/21Causes of inflation have been in place for five to six years, where quantitative easing has been debasing the dollar, says Rick Rule, founder and CEO of Rule Investment Media. "I don't in the near-term see a stock market crash," he tells our Daniela Cambone, "with lots of cash on the sidelines in a strong economy."Rule believes that gold and cryptocurrencie...Read More
Wall Street Silver, Released on 11/12/21Andrew Maguire says wholesale imports of Silver in India and Turkey surging as they re-entered the markets in September and October.Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial an...Read More
Kitco News, Released on 11/12/21Fiscal policy is going to drive inflation, according to Ronald-Peter Stoeferle.Stoeferle spoke to Kitco on Friday. He is managing partner at Incrementum AG."I think we should focus less on what the central banks are doing, and we should focus more on what fiscal policy is," said Stoeferle. On Monday President Biden signed a $1 trillion infrastructure bill."I think w...Read More