Nov 17 (Reuters) - The New York Federal Reserve took unprecedented action to stabilize the Treasury market after it was disrupted at the start of the pandemic, offering a stark reminder that markets need to be strengthened to prepare for the next big shock, New York Fed Bank President John Williams said on Wednesday."Severe disruptions to critical financial markets like we saw last spring sho...Read More

Ballarat, Australia, Nov 17, 2021 - (ABN Newswire) -White Rock Minerals Limited (ASX:WRM) (OTCMKTS:WRMCF) is pleased to provide an update on the regional exploration review and the strategy being developed to advance multiple targets towards a significant gold discovery within the Company's large 660km2 tenement holding at the Woods Point Gold Project. Following completion of the merger of White R...Read More

I'm always on the look out for undervalued mining plays and over the years I've come up with a few juniors that were going along totally unnoticed by the general public. After doing a little bit of due diligence and maybe even a call to the company to get an updated story, some of these small undervalued juniors paid off well. Other times a subscriber will email me pointing out a stock that they 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) -The gold market is holding near session highs as momentum inU.S. home construction weakened last month. The housing market was a pillar of strength for the U.S.economy during the COVID-19 pandemic last...Read More

Mr. Kevin Keough reportsEVERGOLD'S GOLDEN LION DRILLING YIELDS THE HIGHEST GRADES YET SEEN ON THE PROPERTY, MULTIPLE HIGH-GRADE INTERCEPTS INCLUDING 2.8 M OF 10.4 G/T GOLD, 651 G/T SILVER, 11% ZINC, 4% LEAD, WITHIN 11.3 M OF 5.4 G/T GOLD, 62 G/T SILVER, 3% ZINC, 1% LEAD Evergold Corp. has released by far the highest grades of gold, silver, zinc and lead ever achieved in drilling at the GL1 Main ta...Read More

Glencore is selling its Ernest Henry Mining (EHM) copper-gold mine in Queensland, Australia, to Evolution Mining for A$1 billion ($730 million). According to a press release Glencore will receive A$1 billion, comprising A$800 million on the closing of the transaction and a further A$200 million payable 12 months after the transaction closes. Evolution said the deal will be paid for with existing a...Read More

Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...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) - Today, Sandstorm Gold Royalties (NYSE: SAND, TSX: SSL) announced that Lidya Madencilik, the operator of the Hod Maden project, has received the final approval of the Environmental Impact Assessment ("E...Read More

A summary of London Metal Exchange warrant premiums for the week to Wednesday November 17.Please click...Read More

Mr. Cor Coe reportsSITKA DRILLS 3.05 METRES OF 1.10 G/T GOLD; FURTHER INCREASES LAND HOLDINGS AT ALPHA GOLD IN NEVADA Sitka Gold Corp. has released assay results from the final three drill holes of the 2021 summer drill program at the Alpha gold project located at the southeast end of the Cortez trend in northern Nevada.Five drill holes were completed during this latest phase of drilling for a tot...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) - According to GlobalData, South Africa's gold production fell by an estimated 10.4% in 2020 over the previous year, primarily due to the impact of the COVID-19 pandemic, which led to strict lockdown mea...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) - Polish mining giant KGHM, one of the world's largest producers of copper, announced today that payable copper production by the KGHM Group in the first 3 quarters of 2021 was higher by 10.1% (9M/9M) an...Read More

Base metals futures on the London Metal Exchange were largely lower at the 5pm close on Wednesday November 17, succumbing to a strong US dollar index and other headwinds.The US dollar index remained at its highest since July 2020, touching 96.27 during early trading before stepping back to 95.83 at the close."It seems that the upside momentum has stalled in several markets over the last 24 ho...Read More

(Reuters) - A stronger regulatory and supervisory framework is needed to ensure that stablecoins are a safe form of payment, but they should not necessarily be subject to all of the same rules as banks, Federal Reserve Board Governor Christopher Waller said on Wednesday.Waller also said that while he would be okay with the idea of banks being able to issue both bank deposits and stablecoins, he di...Read More

McClellan Financial Publications, IncPosted Nov 17, 2021Nov 12, 2021The price of gold and the Japanese yen are fellow-travelers, correlating very strongly most of the time.Occasionally they disagree,and when they do that can be useful information. Because of this relationship, a sentiment indication that is useful for the yen can also be useful for gold prices.This week’s chart shows data fr...Read More

Jack ChanPosted Nov 17, 2021Gold sector as represented by $HUI is now on amajor SELL signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation rising from lowest level in years.Speculation in bear market values, but at lowest level in years. Our ratio is...Read More

WASHINGTON, Nov 17 (Reuters) - U.S. President Joe Biden's nominee as the next chair of the Federal Reserve, expected as soon as this week, will inherit an economy headed for the fastest annual growth in a generation with wage increases flowing to the lowest-paid workers, strong hiring, and household bank accounts flush with cash.They'll also inherit a situation where homes, cars, food, and clothin...Read More

OTTAWA, Nov 17 (Reuters) - Canada's annual inflation rate accelerated again in October, matching a February 2003 high, led by sharp rises in gasoline and housing prices, data showed on Wednesday, with analysts expecting more heat ahead.Inflation rose to 4.7%, in line with expectations, up from 4.4% in September, Statistics Canada data showed. It was the seventh consecutive month in which headline...Read More

Spot gold rose to US$1,867 an ounce while silver was up slightly and back above $25/oz.Cash copper lost 1.6% on the London Metal Exchange to $9,421.40/t."Buy the dip," US investment bank Jefferies said yesterday.The bank is resolutely bullish on the red metal despite demand concerns."We forecast a balanced copper market in 2022 followed by growing deficits starting in 2023," analyst Christopher La...Read More

"There are some uncertainties on the demand side for copper," said Xu Yulong, deputy general manager of state-owned China Copper International Trading Group, on a panel discussion."People think consumption from Western countries may pick up and some of the export orders will return back to the local market. But we still have problems in real estate demand. This is really a big concern… if w...Read More