Wealthion, Released on 10/22/21Interested in protecting the purchasing power of your wealth from inflation, learning how the US dollar and other world currencies are likely to perform from here, the roles of gold silver & cryptocurrencies, or whether the Federal Reserve & other central banks are going to soon issue digital currencies (CBDCs)?Then watch this video.Recently, I had the pleasure of ho...Read More
Here is reader Jason M., in response to yesterday's Reckoning:Today's article really got my blood boiling. This Micheline Maynard is the epitome of what's wrong with the elites and our federal government today. We are in this mess because the elites shut the economy down for a virus that has a 99.8% survival rate. Shelves are going bare because the government has pursued policies that destroyed ou...Read More
Kickingthe can down the road is the new national pastime. Every time the government’sbills come due, officials at the Treasury Department find creative ways ofpaying them with money they don’t have.Onemeasure of just how overextended the United States has become financially isthe debt to GDP ratio. For most of the country’s history, excluding temporarywartime blips, net general g...Read More
Kickingthe can down the road is the new national pastime. Every time the government’sbills come due, officials at the Treasury Department find creative ways ofpaying them with money they don’t have.Onemeasure of just how overextended the United States has become financially isthe debt to GDP ratio. For most of the country’s history, excluding temporarywartime blips, net general g...Read More
Kickingthe can down the road is the new national pastime. Every time the government’sbills come due, officials at the Treasury Department find creative ways ofpaying them with money they don’t have.Onemeasure of just how overextended the United States has become financially isthe debt to GDP ratio. For most of the country’s history, excluding temporarywartime blips, net general g...Read More
(Kitco News) Gold has the potential to double once the Federal Reserve begins to tighten and hike rates to fight off hotter-than-expected inflation, said Peter Boockvar, chief investment officer at Bleakley Advisory Group."If you inflation adjust gold for its 1980 high, it can go to $2,500, it can overshoot $3,000 plus," Boockvar told Michelle Makori, editor-in-chief of Kitco News. "Silver &hellip...Read More
An anonymous director reports I-80 ANNOUNCES FILING OF THE LONE TREE PROPERTY TECHNICAL REPORTi-80 Gold Corp. has filed a technical report prepared for the Lone Tree property, in accordance with Canadian Securities Administrators' National Instrument 43-101. The report may be found on the company website and under the company's profile on SEDAR. The independent report, dated Oct. 21, 2021 (effecti...Read More
Gold futures are trading modestly lower with dollarstrength being the primary force taking the precious yellow metal lower. As of4:45 PM EDT gold futures basis most active December 2021 contract is down twodollars, or -0.11% and is fixed at $1782.10. Concurrently spot or Forex gold iscurrently jumping between fractional losses and fractional gains. Currentlyspot gold is fixed at $1,782.55 approxim...Read More
(Kitco News) Silver has been "dead money" for the past six months, but its fortune is about to change with the precious metal's fundamentals pointing to a breakout towards $35, said Jim Iuorio, TJM Institutional Services managing director.After frustrating several months, silver finally found its spotlight, Iuorio told Michelle Makori, editor-in-chief of Kitco News. Silver is up more than 4% on th...Read More
GOLD / SILVERTherallies in gold and silver on Wednesday were very impressive, especially withthe dollar not making a fresh low for the week. However, it should be notedthat the Dollar Index did make a new low for the week overnight and hit itslowest level since September 28. It is also possible that inflationary dialoguefrom legendary investor Paul Tudor Jones prompted buying of both gold andsilve...Read More
Kitco MEDIA ? As The Miners Bounce, Resistance Levels To Watch in GDXJ And GDXBy Cory FleckContributing tokitco.com Follow @KitcoNewsNOWFleck@kereport.comwww.kereport.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals I...Read More
(Reuters) - Shares of SoftBank-owned WeWork jumped nearly 9% as they finally started trading in New York on Thursday, capping an arduous journey to the public markets for the storied office-sharing company that was once valued as high as $47 billion.While WeWork's top management led by current chairman and SoftBank executive Marcelo Claure insist the worst is over, the office-sharing firm continue...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) - In a world awash withovervalued equity markets, one market strategist once again has his eyes on themining sector as it continues to be ignored by generalist investors.In his latest market report,Jesse...Read More
Oct 21 (Reuters) - The U.S. Federal Reserve on Thursday banned individual stock purchases here by top officials at the central bank and unveiled a broad set of other restrictions on their investing activities roughly six weeks after reports of active trading by some senior policymakers triggered an ethics uproar.The six members of the Fed Board of Governors are required to file annual financial...Read More
Despite lackluster third quarter and year-to-date performance for gold, the fundamental backdrop for precious metals and related mining share prices continues to strengthen in our opinion. Here's why we believe this: Inflation has become increasingly problematic and more persistent than previous sanguine assessments by Federal Reserve Board (Fed) Chairman Jay Powell and other Fed officials.1Real...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) - Elevation Gold Mining (TSXV:ELVT) today reported updated Mineral Reserve, Mineral Resource estimates aswell as Q3 2021 production results for its Moss gold mine, located in MohaveCounty, Arizona. Accor...Read More
(Reuters) - For months, U.S. President Joe Biden and Democrats touted a $3.5 trillion Build Back Better plan as a transformational piece of legislation that would reshape the world's largest economy for decades to come.They have spent recent days painfully deciding how to pare down parts of the plan, and which parts to scrap entirely as they seek to satisfy demands from within their own ranks to c...Read More
WASHINGTON, Oct 21 (Reuters) - The U.S. Federal Reserve on Thursday banned individual stock purchases by top officials at the central bank and unveiled a broad set of other restrictions on their investing activities roughly six weeks after reports of active trading by some senior policymakers triggered an ethics uproar.Following is a full text of the Fed’s announcement:Following a comprehens...Read More
NEW YORK (Reuters) - Inflation expectations remain anchored in Mexico as the central bank has tightened monetary policy while unanchored expectations in Argentina will require action "on a number of fronts" a top official at the International Monetary Fund said on Thursday."We see inflation expectations still very well anchored in Mexico and it's right for the central bank to be raising rates," sa...Read More
BERLIN, Oct 21 (Reuters) - A booster dose of the COVID-19 vaccine developed by Pfizer Inc (PFE.N) and German partner BioNTech SE (22UAy.DE) restored efficacy to 95.6% against the virus, including the Delta variant, data released by the companies from a large study showed on Thursday.The companies said the trial, which has not been peer-reviewed, tested 10,000 participants aged 16 and older, an...Read More