Alex Berenson - Substack, Released on 11/12/21This is not how it was supposed to go.From Singapore to the Netherlands to Iceland to Vermont. And coming soon to the entire northern half of the United States.Continue... Worldwide vaccine failure added by Herman James on 11/14/2021View all posts by Herman James ?+'Read More
Bloomberg, Released on 11/12/21Mohamed El-Erian, a Bloomberg Opinion columnist and chief economic adviser at Allianz SE, says this will go down in history as one of the worst inflation calls ever by the Federal Reserve.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global invest...Read More
Kitco, Released on 11/12/21The news headlines this week, along with the rising gold price, is implying investors across Continue... Gold Breaking Out Amid Loss of Investor Confidence in the Fed added by Herman James on 11/14/2021View all posts by Herman James ?+'Read More
Last night I did my usual grocery run. I don't shop at stores with philosophies. I go for el cheapo places that don't have olive bars and don't play Schubert on the intercom. I just want the stuff I need at the lowest possible prices. Even I was stunned at the 40% increase in my usual bill. I thought I was buying in a minimalist way.Later I looked more carefully at what went wrong. I bought beef a...Read More
Science Alert, Released on 11/12/21"We have identified a way of using gold nanoclusters not only to act as effective antimicrobial agents, but as a mechanism to enhance the potency of antibiotics which have become ineffective because of bacterial drug resistance,"Continue... Gold Could Be The Unexpected Secret Weapon We Need Against Antibiotic Resistance added by Herman James on 11/16/2021View all...Read More
Market participants might have been numbed by the government's release of the October inflation rate which came in well above economists polled by the Wall Street Journal. However, the same market participants have seen prices rise dramatically over this last year especially energy and food costs.The inflationary rate increased by 0.9%, well above the 0.6% prediction by economists. More alarming,...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) - Metals Focus, a leading independent precious metals research consultancy, reported yesterday that it expects over a 40% increase in gold demand in China this year, while domestic industrial silver dema...Read More
(Kitco News) After playing "second fiddle" to other assets for most of the year, gold is on its way back towards the 2020 record highs of above $2,000 an ounce, said DailyFX analyst Warren Venketas.There is a good upside to the price of gold as markets gear up for the Federal Reserve December monetary meeting, with the U.S. inflation and employment data at the forefront of everyone's minds."Inflat...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 the latest data by Statistics South Africa (Stats SA), the domestic mining production decreased by 3.4% year-on-year in September 2021.According to the report, the largest negative contrib...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 continue their upward climb, ending five months of consolidation after inflation pressure rose to their highest level in 31 years. According to Sprott CEO Peter Grosskopf, the precious metal...Read More
Chris Vermeulen, chief market strategist at https://TheTechnicalTraders.com discusses with David Lin, anchor for Kitco News, the stock market sectors with the largest upside potential for the New Year, as well as the sectors investors should avoid. "GDX and SLV were in a bear market just a week ago," Vermeulen said. "They have moved to a recovery stage. Now they're in yellow, which is accumulation...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) - Caledonia Mining (NYSE: CMCL) announced Thursday that in Q3 2021, the company produced 18,965 ounces of gold in Zimbabwe (Q3 2020: 15,155 ounces), which is a new quarterly production record for Blanket...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 Fields reported today that it had a solid September 2021 quarter, with attributable gold equivalent production for Q3 2021 of 606 koz,up 9% compared to 557 koz produced a year ago."South Deep in p...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) - Harmony Gold (NYSE: HMY) reported today that its September quarter 2021 (Q3 2021) gold production of 413,714 oz was 32% higher than a year ago (Q3 2020: 313,725 oz), primarily due to improved productio...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) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have...Read More
Nov 11 (Reuters) - Oil prices drifted lower on Thursday, as the market grappled with concern over increasing U.S. inflation, and after OPEC cut its 2021 oil demand forecast due to high prices.Brent crude futures were down 46 cents to $82.19 a barrel by 12:24 p.m. EDT (1724 GMT) after falling earlier to $81.66. U.S. West Texas Intermediate (WTI) futures were down 50 cents to $80.84 after hitting 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) - Endeavour Mining (LSE, TSX:EDV) announced Thursday that the company produced 382 koz of gold in Q3 2021, an increase of 57% from Q3 2020 (244 koz), due to the full benefit of consolidated production fr...Read More
(Kitco News) Gold's narrative has shifted after the latest round of hot U.S. inflation data, according to MKS PAMP GROUP. And here's what to watch with the latest surge higher."There's a fundamental change from the previous 'thinking' (strong CPI = faster Fed tapering schedule = lower gold) to strong CPI = some fear, not an acceptance of inflation = higher gold," said MKS PAMP GROUP head of metals...Read More
* U.S. CPI rises at fastest pace in 31 years* Market is spooked by inflation data - analyst* Silvers hits more than 3-month highNov 11 (Reuters) - Gold prices neared the five-month high they touched in the previous session after data showing U.S. consumer prices surged last month prompted a rush into the precious metal seen as a hedge against inflation.Spot gold rose 0.6% to $1,861.46 per ounce by...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) -Renewed focus on global decarbonization as the United NationsClimate Change Conference (COP26) wraps up will lead to more demand forcritical industrial metals, according to commodity analysts at Bank of...Read More