OTTAWA, Nov 17 (Reuters) - Canada's annual inflation rate accelerated to 4.7% in October, the highest since February 2003, and up from a year-over-year pace of 4.4% in September, Statistics Canada said on Wednesday.Analysts polled by Reuters had expected the annual rate to rise to 4.7%. October marked the seventh consecutive month in which headline inflation topped the Bank of Canada's 1-3% target...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
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
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 are higher in early U.S. trading Wednesday. Bulls stepped into buy Tuesday's dips in the metals' prices, which is a sign of strong markets.Gold and silver as an inflation hedge re...Read More
Kitco News talks to Peter Schiff, one of the staunchest detractors of Bitcoin, and Alex Mashinsky, a pioneer in the crypto space and a top Bitcoin proponent, live on YouTube.In this special LIVE interactive debate moderated by Kitco News Editor-in-Chief Michelle Makori, we tackle the toughest arguments for and against Bitcoin and cover your questions on which assets offer the best wealth protecti...Read More
By Eric OnstadLONDON, Nov 17 (Reuters) - Canada's Neo PerformanceMaterials announced plans on Wednesday to expand itsrare earths operations in Estonia to produce super-strongmagnets for electric vehicles (EVs), counting on European Unionfunding to make it viable.The EU wants to develop domestic output of rare earthmagnets - key for both EVs and wind turbines - to help meettargets for cutting carbo...Read More
(Updates prices)LONDON, Nov 17 (Reuters) - Copper prices fell for a thirdday on Wednesday as expectations of U.S. interest rate riseslifted the dollar to 16-month highs, making metals priced in thegreenback costlier for buyers with other currencies.Benchmark copper on the London Metal Exchange (LME)was down 1.6% at $9,404 a tonne at 1723 GMT.Prices of the metal, used in construction and to conduct...Read More
LONDON, Nov 17 (Reuters) - The U.S. dollar held comfortablyat 4-1/2 year highs versus the yen and tested the $1.12 levelsagainst the euro on Wednesday after robust U.S. data and hawkishcomments from Fed policymakers boosted expectations of a ratehike as early as mid-2022."The strong retail sales number yesterday did exactly whatit was meant to do and broke the U.S. dollar into fresh upsidegro...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) - Silver is trading another 0.73% higher on Wednesday and it is clear from the 4-hour chart below that the market is on a good run. The price has been making higher highs and higher lows and has pushed a...Read More
Mr. Steve Parsons reportsGOLDSOURCE ANNOUNCES INFILL DRILL RESULTS FOR EAGLE MOUNTAIN, NEAR SURFACE HIGH-GRADE INTERCEPT OF 14.2 M (ETW) GRADING 20.0 GPT AUGoldsource Mines Inc. has released additional infill and expansion drill results for the company's 100-per-cent-owned Eagle Mountain gold project in Guyana, South America. Newly reported results are for 29 core holes totalling 3,269 metres from...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) - Karen Jones FSTA and the technical team at Commerzbank have been keeping a close eye on the gold market of late. In the latest report, Commerzbank said "Gold has rallied higher to take out key resistan...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 had a positive session overnight moving 0.36% higher to reach $1855/oz. Silver is also trading well up 0.80% at the psychological $25/oz area once again. In the rest of the commodities complex, co...Read More
Rebel Capitalist, Released on 11/17/21George 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
Kitco News, Released on 11/17/21Join Kitco News live on YouTube as Peter Schiff, one of the staunchest detractors of Bitcoin takes on Alex Mashinsky, a pioneer in the Cryptospace and a top Bitcoin proponent.In an era of unprecedented fiscal and monetary stimulus is Bitcoin the answer? Can Bitcoin offer a hedge against inflation, dollar debasement and be a true store of value and a wealth protectio...Read More
Trends Research, Released on 11/17/21Gerald 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, r...Read More
The Deep Dive, Released on 11/17/21Gareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategist for InTheMoneyStocks. Gareth Soloway, stocksGareth Soloway talks about the weekly market news and hot stocks added by Herman James on 11/16/2021View all posts by Herman James ?+'Read More
Stansberry Research, Released on 11/17/21Ethereum has more uses than Bitcoin or gold with many more applications currently being used, this according to Frank Holmes, CEO of U.S. Global Investors and Chairman of HIVE Blockchain Technologies."Bitcoin and gold bugs reap from the same old testament of history, of money printing," he explains to our Daniela Cambone. "Bitcoin is on its own trajectory,"...Read More
Palisades Gold Radio, Released on 11/17/210:00 - Intro0:45 - Inflation Just Starting11:40 - Defining Hyperinflation16:45 - Debt & Today's Economy20:00 - Krugman? & Inflation22:30 - Energy & Supply Chains29:20 - Crypto Backwash34:50 - Gold/Silver & The COT38:30 - Golden Cross & Treasuries40:20 - Basel III Changes45:45 - ECB Policies51:40 - China, Russia & Gold56:45 - China Policy & Gold59:20 - Upco...Read More
Financial Repression Authority, Released on 11/17/21http://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
YouTube/PeterSchiff, Released on 11/17/21Janet Yellen lies to the nation.The Fed doesn't want to let the peoples' cost of living decrease.2% inflation isn't a target; it's a floor.Retail investors move from bubble to bubble without learning any lessons.Sell your Bitcoin before Logan Paul's audience does.Peter Schiff is an internationally recognized economist specializing in the foreign equity, cur...Read More