(Repeats story published on Oct. 26 with no changes to text.)ORLANDO, Fla., Oct 26 (Reuters) - Insatiable demand for bitcoin is forcing U.S. regulators to walk an increasingly fine line between opening up the booming market to investors, and shielding them from what is still a highly speculative, volatile and risky asset.By authorizing the first-ever bitcoin futures exchange-traded funds last week...Read More
LONDON, Oct 27 (Reuters) - Finance minister Rishi Sunak was expected to announce multi-billion-pound public investments alongside tight controls on day-to-day outlays in a budget speech and three-year spending plan on Wednesday.Below are highlights of Sunak's speech in parliament:Employment is up. Investment is growing. Public services are improving. The public finances are stabilising. And wages...Read More
HONG KONG (Reuters) - Bottled water, vaccine development, short video platform TikTok and electric vehicle technology propelled the big earners on China's rich list this year, as embattled property moguls and others facing regulatory scrutiny slipped down the rankings.Zhong Shanshan was No. 1 on the Hurun China Rich List 2021 published on Wednesday, with personal wealth of $60.6 billion thanks to...Read More
BEIJING/HONG KONG (Reuters) - Some Chinese property developers have proposed extending their offshore bond maturities or undertaking a debt restructuring to regulators, sources said, as an increasing number of defaults shakes investor confidence in the sector.The developers made the proposals at a meeting jointly held by the National Development and Reform Commission (NDRC) and the State Administr...Read More
BERLIN (Reuters) - The pandemic-induced loss in working hours in 2021 will be equivalent to 125 million full-time jobs, the International Labour Organization (ILO) said on Wednesday, in a sign that the global labour market is not recovering as expected this year.That number is 25 million higher than what the ILO predicted in its last report in June, affected primarily by the disparities in vaccine...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 arenot far from unchanged in early U.S. trading Wednesday. Traders are awaitingnew fundamental developments to move the precious metals markets. December goldfutures were last u...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) - Commerzbank is looking for some significant technical breaks forthe yellow metal to gather momentum. The report said "Gold has ralliedtowards the 55-week ma at 1813 and currently remains capped here. W...Read More
Mr. Robert Hinchcliffe reportsGALWAY METALS DRILLS OAK BAY FOR THE FIRST TIME AFIRST HOLE RETURNS 6.0 G/T AU OVER 3.3M WITH FOLLOW-UP HOLES EXTENDING THIS NEW ZONE 110 METRES AT CLARENCE STREAMGalway Metals Inc. has begun drilling on the Oak Bay property that was optioned in July, 2020. Mineralization at Oak Bay and neighbouring Lily Hill consists of arsenopyrite-rich quartz veining in altered, si...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) - Reuters has reported that China's net gold imports (via Hong Kong) rocketed nearly 60% in September. The data from the Hong Kong Census and Statistics Department showed that this would mean this i...Read More
Teck (NYSE:TECK) said today its adjusted EBITDA was a record $2.1 billion in Q3 2021, more than triple the same period last year.The Vancouver-headquartered diversified miner said realized copper, zinc and steelmaking coal prices were US$4.25 per pound, US$1.38 per pound and US$277 per tonne, respectively, in the month of September. Profit attributable to shareholders was $816 million or $1.53 per...Read More
By Sonali Paul and Melanie Burton MELBOURNE, Oct 27 (Reuters) - Australian iron ore magnateAndrew Forrest wants to turn his company, Fortescue Metals GroupLtd , into the world's biggest green energy group, butcritics say his targets are a stretch even for a man who builtthe world's fourth-largest iron ore producer from scratch injust over a decade. Forrest has spent the global pandemic crisscrossi...Read More
Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports gold production of 111,220 ounces for the quarter ended September 30, 2021 from its El Lim??n Guajes ("ELG") mining complex in Mexico. Gold sold during the quarter was 118,980 ounces at an average realized gold price of $1,785 per ounce. With 358,780 ounces of gold produced through to the end of the third quarter, production i...Read More
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports consolidated production for Q3 2021 was 32,100 gold ounces and 792,000 silver ounces, or 42,900 gold equivalent ounces ("GEOs"), compared to 30,400 GEOs in Q3 2020. Consolidated production for the nine months ended September 30, 2021 is 114,300 GEOs, compared to 85,700 GEOs during the same period in 2020. 2021 production is trending towards the mid...Read More
Freeman Gold Corp. (CSE: FMAN, OTCQB: FMANF, FSE: 3WU) is pleased to report geochemical results from the newly discovered Beauty Zone.This zone lies approximately 600 metres west of the Lemhi Gold Deposit where Freeman recently reported a maiden Mineral Resource Estimate in July 8, 2021.The untested Beauty Zone lies wholly within Freeman's patented mining claims and is defined by a 350 metre by 25...Read More
Rebel Capitalist, Released on 10/27/21George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at t...Read More
Sprott Money, Released on 10/27/21As we close out the month of October, it's been a tough year so far for precious metals investors. But are trends starting to change? Host Craig Hemke sits down with Tavi Costa of Crescat Capital to break down all the gold and silver news you need to read the positive signs coming out of the mining industry. Tavi Costa is a partner and portfolio manager at Crescat...Read More
Jay Taylor Media, Released on 10/27/21J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technica...Read More
Kitco News, Released on 10/27/21The Federal Reserve has kept its monetary policy "inappropriately" too easy for too long, triggering inflation. And now the central bank could be forced to tighten aggressively, said Danielle DiMartino Booth, CEO of Quill Intelligence."Quantitative easing is a failed experiment," Booth told Michelle Makori, editor-in-chief of Kitco News. "We have much more going on...Read More
Financial Repression Authority, Released on 10/27/21http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global...Read More
Elijah K. Johnson, Released on 10/27/21All of our liberties are under assault simultaneously, at the crescendo of a century of usurpation of our sovereignty and of freedom. Alex Newman is an award-winning international journalist, educator, author, and consultant who seeks to glorify God in everything he does. He joins us to discuss free speech, mandates, financial freedom, and parent's rights.1:2...Read More