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 growing inflationthreat has shifted sentiment in the gold market, with hedge funds significantlyincreasing their bullish precious metals bets to protect their wealth,according to analysts after revi...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) - China Gold International Resources (TSX: CGG) announced today that its total gold production decreased by 14% to 57,288 ounces in Q3 2021 from 66,799 ounces for the same period in 2020.The company adde...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) - Elemental Royalties (TSX-V: ELE), a gold-focused royalty company, today reported record quarterly revenue of US$1.9 million for Q3 2021 and US$4.3 million for the nine months ended September 30, 2021 g...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, Newmont announced that for the 14th year in a row, the company joins the Dow Jones Sustainability?,,? World Index (DJSI World), representing the top 10% of the largest 2,500 companies in the S&P...Read More
(Kitco News) The crypto space saw a significant selloff in the last 24 hours, with Bitcoin dropping nearly 9% and Ethereum, at one point, down 10%.Bitcoin recovered slightly after dropping below $59,000 and was last trading at $60,880.45, down 5.84% on the day.Ethereum dropped below $4,300, finding support around that level and last trading at $4,303.3, down 7.6% on the day.The correction was all...Read More
(Kitco News) Gold prices are moderately lower in midday dealings Tuesday, after hitting a five-month high overnight. Silver pushed to a three-month high and also backed off. Both precious metals saw some routine profit-taking from the shorter-term futures traders, following recent good gains. A rally in the U.S. dollar index to a 15-month high today also worked against the metals market bulls. Dec...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
By Danilo MasoniMILAN, Nov 16 (Reuters) - Investors are heading towards the end of the year in a "risk-on" mood, having reduced cash allocations and lifted their overweight position on U.S. stocks to the highest since August 2013, BofA Securities' monthly fund manager survey showed.Inflation remains the biggest tail risk for markets but a majority of 61% believes it is transitory and expect the Fe...Read More
WASHINGTON/BEIJING, Nov 16 (Reuters) - U.S. President Joe Biden pressed his Chinese counterpart on human rights in a video call lasting more than three hours, while Xi Jinping warned that China would respond to provocations on Taiwan, according to official accounts of the exchange.The closely scrutinized conversation between the leaders of the world's biggest economies was described by both sides...Read More
WASHINGTON, Nov 16 (Reuters) - The U.S. Federal Reserve should "tack in a more hawkish direction" over its next couple of meetings to prepare in case inflation does not begin to ease, St. Louis Fed president James Bullard said on Tuesday."If inflation happens to go away we are in great shape for that. If inflation doesn't go away as quickly as many are currently anticipating it is...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) - Bitcoin-U.S. dollar prices aresharply lower in early U.S. trading Tuesday. A price uptrend in place on the daily bar chart is now injeopardy and the bulls need to show fresh power soon to keep it ali...Read More
Monday saw a quiet day in metals; gold, silver and platinum were on both sides of unchanged. We saw light volume with little movement, which is only a sign that gold, silver and platinum are seeing the pause to refresh.There were no surprises on Monday. We expect some retracement. We expect some consolidation as we look for the next leg higher. The trend is higher; much of the economic news points...Read More
Nov 16 (Reuters) - Wall Street indexes were set to open slightly higher on Tuesday as a strong holiday forecast from Walmart and a better-than-expected retail sales data boosted confidence in an economic recovery.With Americans starting their holiday shopping early to avoid empty shelves amid supply chain disruptions, retail sales rose more than expected in October, giving the economy a lift at th...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
WASHINGTON, Nov 16 (Reuters) - U.S. import prices surged in October as the costs of petroleum products and food increased, adding to signs that inflation could remain high for a while.Import prices accelerated 1.2% last month after gaining 0.4% in September, the Labor Department said on Tuesday. In the 12 months through October, prices jumped 10.7% after rising 9.3% in September. Economists polled...Read More
Nov 16 (Reuters) - Goldman Sachs expects the S&P 500 index (.SPX) to rise by a more modest 9% by the end of next year, saying the record-setting rally is likely to cool on worries over slowing economic growth and the prospects of higher interest rates.The U.S. equities market has been on a tear this year, with the benchmark index surging about 25% as the economy recovers from the pandemic lows...Read More
WASHINGTON (Reuters) - U.S. retail sales increased more than expected in October, likely as Americans started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic, giving the economy a lift at the start of the fourth quarter.Retail sales surged 1.7% last month, the Commerce Department said on Tuesday. Data for September was revised highe...Read More
Evergold Corp. has been halted at the open on Nov. 16, 2021, at the request of the company, pending an announcement.© 2021 Canjex Publishing Ltd. All rights reserved.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 price is off its highs but still holding gains neara five-month high even as U.S. consumers spent more than expected in October.U.S.retail sales rose 1.7% last month, down from September's 0.8%...Read More
LONDON, Nov 16 (Reuters) - The euro fell to a new 16-month low versus the dollar on Tuesday, while Asian currencies gave up their gains from dialogue between the U.S. and Chinese presidents.The dollar index held near its highest in 16 months, having rallied since U.S. inflation data last week showed consumer prices surged to their highest rate since 1990, fuelling speculation that the Federal Rese...Read More