Daily Reckoning, Released on 11/4/21Is the move toward central bank digital currencies real? And, if so, is it the Continue... Jim Rickards: Towards a Single World Currency added by Herman James on 11/07/2021View all posts by Herman James ?+'Read More
Although precious metals are still relatively under-owned and unloved, retail investors have been pouring into the metals markets since early last year.Lots of newer investors have high hopes about where prices are headed in the near term. Even seasoned metals investors are optimistic about the current set-up for higher prices.The difference is that seasoned investors also know they may not get wh...Read More
As a new month begins, the downtrendin the GDX and GDXJ should resume. When will a new buying opportunity finallypresent itself?Let’s compare the behavior of the GDX ETFand the GDXJ ETF. Regarding the former, the GDX ETF reversed sharply afterreaching its 200-day moving average and a confluence of bearish indicatorssignaled a similar outcome. For context, I wrote on Oct. 25:Smallbreakout mir...Read More
Mr. Darren Hall reportsCALIBRE REPORTS STRONG THIRD QUARTER AND YEAR-TO-DATE 2021 RESULTS, ON TRACK TO ACHIEVE UPPER END OF 2021 PRODUCTION GUIDANCE, ADVANCING ACQUISITION OF FIORE GOLD CREATING A DIVERSIFIED, AMERICAS-FOCUSED, GROWING MID-TIER GOLD PRODUCERCalibre Mining Corp. has released its financial and operational results for the three and nine months ended Sept. 30, 2021. The interim consol...Read More
The Fed announced Wednesday plans to begin tapering its asset purchase program later in November, with a $10 trillion reduction in Treasurys and $5 billion reduction of mortgage-backed securities.Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the impact this decision will have on the gold price. "It is our national debt that has grown substantially. I...Read More
As expected, today, after the November FOMC meeting, boththe statement and press conference by Jerome Powell acknowledged that they willbegin the process of tapering their monthly asset purchases this month.Starting this month, they will reduce their monthly purchases of U.S. debt by$10 billion each month and reduce their monthly purchases of MBS(mortgage-backed securities) by $5 billion monthly....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) - Franco-Nevada reported today that the company's gold equivalent ounces (GEO) sold in Q3 2021 were 146,495 GEO, an increase of 8.7% from the 134,817 GEO sold in Q3 2020. The company said that higher con...Read More
Gold production in Q3 was up sharply at McEwen Mining (TSE:MUX). Results were announced this afternoon. Gold production was up 40% to 32,100 oz compared to the same period a year ago. McEwen traded up 4.4% today to $1.41 a share. The stock is up 8.57% year-to-date while the GDXJ has dropped 25% over the same period. The company said it is on track to meet its 2021 production guidance of 141,000...Read More
Sandstorm Gold Royalties Announces 2021 Third Quarter Results and Initiation of Dividend ProgramCanada NewsWireVANCOUVER, BC, Nov. 3, 2021Read More
Nov 3 (Reuters) - Booking Holdings Inc (BKNG.O) posted a 77% rise in third-quarter revenue on Wednesday, as more people used the online travel agent to book trips after the United States announced it would open borders to vaccinated foreign nationals.Travel searches to the world's largest economy on Booking-owned travel website Kayak surged after the White House said last month it would lift tra...Read More
(Kitco News) - Investors are still weighing the risk of inflation, whichhas tapped the breaks on gold's rise, said Agnico Eagle (TSX:AEM) CEO SeanBoyd. Boyd spoke to Kitco on Tuesday. The company released its Q3this week. In the spring gold traded above $1,900 oz but this fall isstruggling to stay above $1,800 oz. "Gold is stuck right now because investors are still tryingto determine what inflat...Read More
(Recasts after Fed statement, adds quotes, updates prices)* Fed says it will begin taper later this month* Gold hits lowest level since Oct. 13* Upbeat payrolls data adds to pressure on goldNov 3 (Reuters) - Gold prices held near their weakest level since mid-October on Wednesday after the U.S. Federal Reserve announced tapering of its pandemic-era stimulus measures in a widely expected move.The F...Read More
WASHINGTON, Nov 3 (Reuters) - The Federal Reserve on Wednesday is expected to detail plans to end its pandemic-era bond purchases by mid-2022 as policymakers shift their focus towards what, if anything, to do about a surge in inflation that is lasting longer than anticipated.U.S. central bankers, in the minutes of their Sept. 21-22 meeting, signaled that a "taper" of the $120 billion in monthly as...Read More
WASHINGTON (Reuters) - Shares were mixed as Treasuries rose on Wednesday after the U.S. Federal Reserve, as expected, approved plans to begin scaling back its bond-buying stimulus program this month and end it by June.The pan-European STOXX 600 index rose 0.35% and MSCI's gauge of stocks across the globe gained 0.14% as investors digested the announcement, taken amid a surge in inflation.U.S. inde...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) - Teck Resources (TSX: TECK.Aand TECK.B, NYSE: TECK) today announced it has committed to the Copper Mark, avoluntary assurance framework to promote responsible production practices anddemonstrate the ind...Read More
WASHINGTON, Nov 3 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday published new staff guidance that may make it harder for corporations to keep shareholder proposals on matters like workforce diversity or climate from being voted on at annual meetings.The new bulletins replace Trump-era guidance that gave companies more room to toss proposals on hot-button social issues, chang...Read More
NEW YORK (Reuters) - The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove 'transitory" and likely not require a fast rise in interest rates.However, the U.S. central bank nodded to global supply difficulties as adding to inflation risks, saying that those factors 'a...Read More
(Kitco News) Gold pared some of its losses, rising from daily lows as Federal Reserve Chair Jerome Powell talked about inflation uncertainty but stressed that it is "premature to raise rates today.""Inflation has come in higher than expected. Bottlenecks have been more persistent and are on track to persist well into next year. I don't think we are behind the curve. The policy is well-positioned t...Read More
(Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said it is possible the U.S. job market may have improved enough by the middle of next year to be considered at "maximum employment," a key hurdle to clear for the central bank to consider increasing interest rates.Powell, speaking at a press conference after the Fed's latest policy meeting, also said officials did not see "troubling inc...Read More
Nov 3 (Reuters) - London's FTSE 100 slipped on Wednesday as losses in heavyweight oil stocks and the stronger pound weighed, while traders held back on uncertainty around a potential UK rate hike.The commodity-heavy FTSE 100 index (.FTSE) ended 0.4% lower, recording its worst session in nearly two-weeks, dragged by weakness in oil majors Royal Dutch Shell (RDSa.L) and BP (BP.L).UK's energy su...Read More