Mr. Ewan Downie reportsI-80 GOLD REPORTS 2021 Q3 RESULTS i-80 Gold Corp. has released its unaudited operating and financial results for the three and nine months ended Sept. 30, 2021. i-80's unaudited condensed interim consolidated financial statements ("financial statements"), as well as i-80's management discussion and analysis ("MD&A") for the three and nine months ended September 30, 2021,...Read More
With the recent rise in inflationary pressures, and the consumer price index numbers being reported for October tomorrow Federal Reserve members have differences in regards to interest rate hikes next year.In the dovish camp is Federal Reserve Chairman Jerome Powell, and Federal Reserve Vice Chairman Richard Clarida who both spoke on Monday repeating that lift-off or the onset of interest rate nor...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) - South African platinum group metals (PGM) producer Northam Platinum today announced its acquisition of a 32.8% interest in another local PGM producer Royal Bafokeng Platinum (RBPlat) for R17.0 billion...Read More
ReutersNov 9 (Reuters) - U.S. cryptocurrency exchange Coinbase Global Inc (COIN.O) on Tuesday reported a nearly 30% fall in third-quarter trading volumes on a sequential basis, hit by an easing in trading in bitcoin and other cryptocurrencies.Trading volumes was $327 billion for the quarter, down from $462 billion in the prior quarter.The company reported net income attributable to common sharehol...Read More
ReutersWASHINGTON, Nov 9 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday that the bipartisan infrastructure package approved by Congress and President Joe Biden's proposed social and climate spending plan would increase U.S. productivity and the size of its labor force.Yellen said in prepared remarks to a University of Nevada-Las Vegas economic conference that together, the two bi...Read More
By Jonnelle MarteNov 9 (Reuters) - U.S. consumers are spending more and ramping up credit card balances, reversing a shift during the COVID-19 crisis, when they scaled back spending and substantially paid down debt, a Federal Reserve Bank of New York report showedon Tuesday.After rising by $17 billion in both the second and third quarters, credit card use appears to be returning to pre-pandemic pa...Read More
By David Shepardson and Trevor HunnicuttWASHINGTON, Nov 9 (Reuters) - The White House plans to move quickly on a $17 billion revamp of U.S. ports approved by Congress as part of President Joe Biden's $1 trillion infrastructure bill.Biden is due to visit the Port Of Baltimore on Wednesday to tout funding for revamping U.S. ports facing huge backlogs.The $17 billion will "improve infrastructure at c...Read More
ReutersNov 9 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said he expects more clarity on the economic outlook by the time the Fed ends its bond-buying program in mid-2022, and is keeping an "open mind" on the timing of any rate hikes to follow."I have not made any decisions about where my stance is on that," Kashkari said at an event at University of Wisconsin-E...Read More
(Kitco News) With inflation fears and supply chain concerns, the metals price outlook remains very positive looking towards 2025, according to S&P Global Market Intelligence.Key drivers for this decade will be strong demand stemming from the electronic vehicles energy transition."The metals sector is set to continue its rebound from the effects of the COVID-19 pandemic through 2022. Pent-up co...Read More
Dr. Michael Gunning reportsVR RECEIVES POSITIVE DRILL PERMIT DECISION FOR ITS AMSEL EPITHERMAL GOLD-SILVER PROPERTY IN NEVADA, AND COMPLETES GEOCHRONOLOGY TO CONFIRM ROUND MOUNTAIN AGE VR Resources Ltd. will provide an important update for its Amsel gold-silver project in Nevada:The United States Forest Service (USFS) has concluded its review with a positive decision for the company's drill permit...Read More
Mr. Carlos Espinosa reportsMONARCA MINERALS REPORTS COMPLETION OF PHASE 1 EXPLORATION DRILLING AT SAN JOSE PROJECT AND PRELIMINARY RESULTS INCLUDING 4.07 G/T AU OVER 3.0MMonarca Minerals Inc.has completed its phase 1 San Jose exploration RC (reverse circulation) drilling program with 4,640.6 metres completed in 15 drill holes. Assay results from seven of these drill holes are shown in the attached...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) - i-80 Gold (TSX: IAU) today reported favorable results of a Preliminary Economic Assessment ("PEA") for the company's Granite Creek gold project located in Humboldt County, Nevada.Highlights of the Gran...Read More
Gold and silver are both headed much higher, if prices continue to follow a 7-year arc pattern, said Patrick Karim of Northstar & Badcharts.Should the arc hold, gold should be trading at 250% higher than its 2017 level, translating to $4,200 an ounce by 2024, Karim told David Lin, anchor for Kitco News. Silver would see even more upside, trading at 350% higher than its 2017 level by 2024, implying...Read More
History, over hundreds of years, has shown periods of "mega capital migration," and we are currently in the phase of this migration in which capital is shifting towards digital assets, according to Farzam Kamalabadi, chairman of the Future Trends Group. "[Mega capital migration] has happened for 300 years sine the discovery of the North American continent...and building wealth there. Then, the wea...Read More
(Kitco News) The Monetary Authority of Singapore (MAS) has issued a warning to retail investors embracing crypto assets, stating there is a risk of "significant losses."Singapore's central bank "frowns on cryptocurrencies or tokens as an investment asset for retail investors," MAS managing director Ravi Menon said at the Singapore Fintech Festival.Significant rallies can be followed by violent pul...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 growing demand for solar power is generating a brightfuture for silver as governments worldwide continue to look to develop greenrenewable energy, according to one European precious metals firm.In a...Read More
BAMAKO, Nov 9 (Reuters) - Industrial gold production inMali, one of Africa's top producers of the precious metal, isexpected to beat the 60.5 tonnes forecast for 2021, a minesministry official said on Tuesday.Gold production from the 13 mines operated by major minersincluding Barrick Gold , B2Gold , ResoluteMining and AngloGold Ashanti stood at 47.1tonnes by the end of September, the ministry said...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 prices are modestly higher and hit anothertwo-month high in midday dealings Tuesday. The yellow metal bulls are touting aU.S. inflation report that did not tamp down worries about rising prices. De...Read More
* Currencies tread water ahead of U.S. CPI data* Bitcoin, ether scale record highsNEW YORK, Nov 9 (Reuters) - The dollar index was barely higher on Tuesday as traders were cautious a day ahead of highly anticipated U.S. inflation data.The dollar zig-zagged after Tuesday's data showed U.S. producer prices increased solidly in October, indicating that high inflation could persist for a while amid ti...Read More
Monday saw a solid rally in gold, silver and platinum, all reached a small level of resistance. Based on the currenttrend and price action, they should reach their major resistance levels verysoon. We cannot assign a date but soon should be within the next week. If/when the metals reach the next levelthe price action at that time will be important. Many are looking for anexplosion higher, others b...Read More