Ahead of the Herd, Released on 10/15/21For the United States, the only way out of the Triffin Dilemma is for the US to quit Continue... Is the US willing to give up the world's reserve currency to fix its trade deficit? added by Herman James on 10/15/2021View all posts by Herman James ?+'Read More
Oct 18, 2021 Guest(s): Gareth Soloway Chief Market Strategist, InTheMoneyStocks.com The demise of the Fed is coming, and with the collapse of the current monetary system comes the adoption of Bitcoin as the new global reserve currency, said Gareth Soloway, chief market strategist of IntheMoneyStocks.com."What I'm actually calling for is a total collapse of the monetary system, actually. So, ther...Read More
LONDON, 15 October 2021 - Global news-wire and data agency Bloomberg today highlights BullionVault as a way for European Union citizens to invest in silver without incurring VAT.While rule changes in the EU have shut down a loophole for silver coins shipped from Estonia, "BullionVault provides an opportunity to avoid VAT on silver," explains Bloomberg Bulgaria's TV channel, interviewing the London...Read More
LONDON, 15 October 2021 - Comment from BullionVault features in a gold-market update from global data and news providers Bloomberg."The gold investment market is still suffering a hangover from last year," Bloomberg quotes Adrian Ash, director of research at BullionVault."It was always going to be a hard act to follow."Read the full story at Bloomberg here:Gold Trims Weekly Gain as Yields Rebound...Read More
For the first time in six weeks, gold has flirted with $1800 per ounce. The last time gold effectively challenged $1800 was during the week of August 23, when gold opened at $1780 and then closed at $1820. On the week of August, 30 gold traded to a high of $1837 and closed at $1820. On the following week, gold would break below $1800 per ounce with prices remaining below that key level for the nex...Read More
BOSTON (Reuters) - Harvard University, already the wealthiest in the world, said on Thursday that its endowment made a 34% gain and swelled to $53.2 billion in the fiscal year that ended in June.Investments in private and public markets helped fuel the increase which university officials called an "outstanding" year. A year ago, Harvard reported a 7.3% gain during the fiscal year that ended in Jun...Read More
(Kitco News) - Taiwanese independence isgeopolitically unsustainable, and it's not a matter of if China will takeaction towards unification, but when, according to a panel of experts on theAsia-Pacific region.Harold Kempfer, formerU.S. Marine Corps intelligence officer and CEO of Global Risk & IntelligencePlanning Inc. joined Matt Gertken, VP of Geopolitical Strategy of BCA Research,in a disc...Read More
(Reuters) -The U.S. Federal Reserve's regional bank presidents responded to criticism of their ethics rules by Democratic Senator Elizabeth Warren with a joint letter welcoming a review of the matter by the Fed's Board of Governors and pledging to make any changes that result from that process."Recently, Federal Reserve Chair Jerome Powell has directed Board of Governors staff to conduct a compreh...Read More
Oct 14 (Reuters) - Citigroup Inc (C.N), like its Wall Street peers, made the best of a boom in dealmaking to post strong quarterly profit on Thursday, fending off a weakness in its lending business, which the bank's management said would continue to be under pressure.A sizzling hot stock market and cheap borrowing costs have helped U.S. companies raise billions of dollars in debt and equity and f...Read More
(Reuters) - Richmond Federal Reserve President Tom Barkin on Thursday said the U.S. central bank has cleared a path for what he hopes to be a "seamless" start to a reduction in its support for the economy, but that it will take more time to determine when interest rate hikes will be appropriate."We still have a lot to learn about whether recent inflation levels will be sustained and how much room...Read More
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Thursday voted to revive a rule, left unfinished since 2015, that would expand the regulator"s powers to clawback executives" compensation when a company had to restate its financials due to a compliance lapse.The SEC said it would seek a further round of public feedback on the rule, which was mandated by Congress followin...Read More
Oct 14 (Reuters) - Wall Street’s highly shorted stocks rallied on Wednesday as institutional investors pared their short bets due to a strong rebound in risk sentiment, strategists at Vanda Research said in a note.U.S. stocks are up more than 1% on Thursday, building on the previous session’s gains that were led by big growth names like Amazon.com and Microsoft"We believe institutional...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) - Kenmare Resources, one of theleading global producers of titanium minerals and zircon, which operates theMoma titanium minerals mine in northern Mozambique, today reported productionresults for the qua...Read More
Kitco MEDIA ? Does This Bounce In Gold And Silver Change The Near-term Outlook?By Cory FleckContributing tokitco.com Follow @KitcoNewsNOWFleck@kereport.comwww.kereport.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals...Read More
NEW YORK, Oct 14 (Reuters) - The popularity of a Federal Reserve facility that allows financial firms to park cash with the central bank overnight is not concerning and usage should decline as rates on other investments start to rise, a senior New York Fed official said on Thursday."Over time, if rates on other overnight investments start to rise relative to the overnight (reverse repo facility) ....Read More
(Reuters) - U.S. Senator Joe Manchin has promised to block a proposed royalty for minerals extracted on federal land from advancing in the U.S. Senate's version of the hotly debated reconciliation package, a senate staffer said on Thursday.Manchin, a West Virginia Democrat and chair of the Senator's Energy and Natural Resources committee, promised U.S. Senator Catherine Cortez Masto, a Nevada Demo...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) - Fortitude Gold (OTCQB: FTCO)today announced preliminary third quarter production of 11,478 gold ounces fromits Isabella Pearl mine in Nevada, USA. Through the first threequarters of 2021, the company's...Read More
WASHINGTON (Reuters) - The four largest U.S. consumer banks posted another strong quarter this week as the rebounding economy allowed them to release more cash they had set aside for pandemic losses, while sizzling deals, equity financing and trading also boosted their bottom lines.JPMorgan Chase & Co, Citigroup, Well Fargo & Co and Bank of America Corp, seen by analysts and economists as...Read More
(Adds comments, background)LONDON, Oct 14 (Reuters) - The Bank of England can hold off on raising interest rates because investors are doing some of the central bank's work for it by betting on tighter monetary policy in Britain and the United States, BoE interest rate-setter Catherine Mann said."They see that monetary policy normalisation is the direction of travel ... and so they are doing their...Read More
(Reuters) - Despite a broadly shared view that the U.S. labor market has healed enough to allow the Federal Reserve to start reducing its monthly bond purchases as soon as next month, policymakers remain divided over inflation and what they should do about it.The U.S. government reported on Thursday that producer prices rose 8.6% in the 12 months through September, the biggest year-on-year advance...Read More