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
RT, Released on 11/4/21Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the...Read More
Liberty and Finance, Released on 11/4/21We are headed to currency destruction, says Head of Research of Gold Money Alasdair MacLeod. Along the way, we are seeing that "the whole system is trying to destroy personal freedom." Alasdair does not believe people will put up with this. "We will kick back, and it won't happen."One place lack of freedom is found is in the gold and silver markets, he says....Read More
SHTFplan, Released on 11/4/21The evidence is becoming so overwhelming, it is getting hard to remain ignorant of it. As Popular Continue... Italy Revises Its COVID-19 Death Toll Down 97.1% added by Herman James on 11/05/2021View all posts by Herman James ?+'Read More
Trends Research, Released on 11/4/21Gerald 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, ri...Read More
Zero Hedge, Released on 11/4/21Despite the prior stated intent by the Biden White House to see an immediate end to the war in Yemen, the administration on Thursday announced that it's approving a new $650 million sale of air-to-air missiles (AMRAAM) and related equipment to Saudi Arabia.Continue... Biden Approves $650 Million Missile Sale To Saudis After Earlier Vowing To End War In Yemen added by...Read More
Is the move toward central bank digital currencies real? And, if so, is it the first step toward a global reserve currency that will replace the dollar and euro as currencies of choice in reserve positions of major economies?Well, yes and no.Before I expand on that answer and explain the impact central bank digital currencies will have on the more familiar world of foreign exchange, it's helpful t...Read More
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