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
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) -Goldprices are up again and hit a five-month high in early U.S. trading Tuesday. Silver pushed to a three-month high. Gold and silver bulls remain in firm technicalcontrol amid near-term price uptrends...Read More
(Updates prices)LONDON, Nov 16 (Reuters) - Prices of industrial metals easedon Tuesday as the dollar firmed on positive sentiment from avirtual meeting between the leaders of the world's largesteconomies.The closely watched conversation between Chinese PresidentXi Jinping and U.S. President Joe Biden yielded no immediateoutcomes but struck a positive tone and was seen as a chance toimprove relatio...Read More
Maverix Announces Third Quarter 2021 Results; Increases Guidance and Declares Quarterly DividendCanada NewsWireVANCOUVER, BC, Nov. 16, 2021Read More
Mr. Darren Hall reportsCALIBRE MINING DISCOVERS HIGH-GRADE GOLD MINERALIZATION AT LIBERTAD'S VOLCAN TARGETCalibre Mining Corp. has provided an update of the company's 2021 drilling program, highlighting recent results of exploration drilling and the discovery of a zone of high-grade gold mineralization along the Volcan trend located within five kilometres of the Libertad mill.Highlights:Confirmed...Read More
Mr. Tyler Hill reports I-80 GOLD INTERSECTS HIGH-GRADE GOLD IN EXPANSION DRILLING AT GRANITE CREEKi-80 Gold Corp. has released positive results from the continuing surface drill program, which includes stepout drilling at depth, at the company's Granite Creek property located in Humboldt county, Nevada. High-grade results from drilling from the surface drill program that is targeting the expansion...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) - Looking at the gold technicals the price has made another push higher but we are pretty far away from the next major level. The price has been on a tear since the market found the narrative that the ri...Read More
Mr. Dustin Perry reportsKINGFISHER INTERSECTS 6.88 G/T AU, 13.60 G/T AG, AND 0.28% CU OVER 9 M IN FIRST-EVER DRILL PROGRAM, CLOUD DRIFTER TREND, GOLDRANGE PROJECTKingfisher Metals Corp. has released results from the first four holes assayed from its 14-hole 4,925.3-metre 2021 program. Assay results for 10 remaining drill holes are pending. Goldrange is located approximately 25 kilometres south of...Read More