Jack Dorsey, CEO of Twitter, recently Tweeted that "Hyperinflation is going to change everything. It's happening."Steve Hanke, professor of applied economics, told David Lin, anchor for Kitco News, that the term "hyperinflation" is not being used correctly in this case. "People play fast and loose with language and words like hyperinflation," he said. "What [Dorsey] was trying to express, I think...Read More

Dear Outsider,It was three in the morning when I got the phone call...Now, anytime you get a phone call in the dead of night, you immediately panic. Something has to be very wrong: a car accident, a friend in jail, or maybe even an untimely death. This particular call thankfully had to do with none of these things.In this case, it was simply an overflowing toilet. I was renting my lovely home in...Read More

Gold prices dropped dramatically in trading today, making an intraday low of $1772.40. As of 3:25 PM EDT, gold futures are fixed at $1784.80. Today's selloff was predicated by dollar strength, with the dollar index gaining 0.90%, taking it to 94.165.That is the primary market force that made both gold and silver prices lower on the day. Gold is currently trading down by 0.98%, and the dollar is cu...Read More

(Kitco News) - Altcoins lead the charge in this week's crytpo marketaction, with Ethereum hitting an all-time high on Friday. Other notablementions include SHIBA INU, and Squid Game, a new token inspired by the hitNetflix series "Squid Game."Ben Samaroo, CEO of WonderFi, discusses with David Lin,anchor for Kitco News, why the markets are up this week and what futureadvances in DeFi will do for th...Read More

Mr. Quentin Yarie reportsRED PINE ANNOUNCES UPSIZE TO PREVIOUSLY ANNOUNCED A BOUGHT DEALAPRIVATE PLACEMENT OF FLOW-THROUGH SHARES TO C$7.3 MILLIONRed Pine Exploration Inc. has amended the terms of its previously announced bought deal private placement to increase the size of the offering to $7.3-million.Under the terms of the upsized offering, Haywood Securities Inc., as sole underwriter and bookr...Read More

(Kitco News) The persistent inflation narrative is forcing markets to price in more aggressive central banks, with next week's key announcements from the Federal Reserve and the Bank of England on everyone's radars.All of the gold's gains above $1,800 an ounce continue to be capped. After breaching this key resistance level this week, the precious metal once again saw renewed selling pressure as p...Read More

An anonymous director reportsGOLDMINING COMPLETES US$20 MILLION NON-DILUTIVE FACILITY WITH BANK OF MONTREAL Further to its news release dated Oct. 21, 2021, Goldmining Inc. has entered into and closed an agreement for a $20-million (U.S.) loan facility with Bank of Montreal. The facility is available for general corporate purposes, acquisitions and to continue to advance company projects, includin...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) - It's another Friday, so you knowwhat that means: another day and week where gold prices have been unable to push above $1,800 an ounce. For those of you keeping scoreat home, gold prices have tested a...Read More

Mr. Jeff Chisholm reports PAN ORIENT ENERGY CORP. OPERATIONS AND CORPORATE UPDATEPan Orient Energy Corp. has provided the following operations and corporate update.Please note that all amounts are in Canadian dollars unless otherwise stated and bopd refers to barrels of oil per day.Thailand Concession L53 (Pan Orient Energy (Siam) Ltd., in which Pan Orient has 50.01-per-cent ownership)Thailand oil...Read More

(Kitco News) With gold once again failing at $1,800, Wall Street has turned negative on the gold price for the next week, according to Kitco's weekly gold price survey.This has been a complicated week for gold with mixed economic data and a hawkish Bank of Canada announcement taking momentum away from the precious metal.December Comex gold futures were last trading at $1,778 an ounce, down 1% on t...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 pricesare sharply lower and headed for a bearish weekly low close in early U.S.trading Friday. U.S. inflation data that came in hot, rising U.S. Treasuryyields and a rebound in the U.S. dollar in...Read More

(Kitco News) Gold dropped after the U.S. annual core PCE price index came in at 3.6% in September versus the consensus forecast of 3.7%. The index has been at 3.6% since June.On a monthly basis, the core PCE price index was up 0.2% as expected in September, according to the data published by the U.S. Department of Commerce on Friday.The core inflation strips out volatile food and energy prices and...Read More

Treatment charges for both zinc and lead concentrates on a cif China basis were steady over the two weeks to Friday October 29, with little trade in either market.The zinc spot concentrate TC, cif China, was assessed at $75-88 per tonne on Friday, unchanged since one month earlier.Clean cargoes were mostly sold in a narrow range of $80-85 per tonne, with prime brands remaining at the bottom of the...Read More

With themining complex attempting to create a sustainable bottom since the beginning ofQ4, the M&A space also began to perk up recently. Once the high-profile Agnico-Eagle/Kirkland Lake Gold"merger of equals" deal was announced at the tail-end of Q3, I suggested the possibility ofthese issues being related in my October 1stcolumn, along withsparking more M&A activity in the near-term.Into the endo...Read More

Copper smelters returned to the spot market this week with treatment and refining charges (TC/RC) relatively stable.For smelter purchases, clean tonnages for shipment in the fourth quarter and in January were seen with TCs in the low $60s. One extra clean cargo sold in the high $50s, while a lower-grade cargo of...Read More

Base metals prices on the London Metal Exchange closed lower on a week-on-week basis on Friday October 29, after Chinese state planners intervened to cool surging thermal coal prices this week.The LME three-month aluminium price closed at $2,716 per tonne on October 29, down from $2,746 per tonne at Thursday's close and was down by nearly 5.3% from last Friday's $2,868 per tonne. The price is also...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) - Codelco was the largest copper mining company in the worldin Q2 2021 (based on attributable copper tonnes). Top 10 copper miners produced2,255 thousand tonnes of copper in Q2 2021, 3% more than a year...Read More

Markets are always achallenge and never make it easy. Day traders get tortured by price action likewe have seen the past few days in Gold, Silver, and Platinum. For the fifth dayin a row, the metals looked poised to run and failed miserably.This type of trade toyswith emotions, and too many traders are too emotional. Anytime money isinvolved, emotions run high on both sides but especially when los...Read More

Real gross domestic product (GDP) increased 2.0% on an annual basis in the third quarter. Stagflation should now be a risk on investors' minds, said Peter Berezin, chief global strategist at BCA Research. "I wouldn't bet on it being as bad as [the 1970s]. I think the Fed would try to cool down the economy by raising rates before we got to double-digit inflation. But having said that, I think the r...Read More

An overview of the new energy materials markets and their price moves in the week to Friday October 29.Susan Zou, Yingchi Yang and...Read More