MOSCOW, Oct 20 (Reuters) - Russian metals tycoon OlegDeripaska attacked U.S. "stupidity" in a mocking social mediapost on Wednesday after FBI agents raided Washington and NewYork properties linked to his family. Washington imposed sanctions on Deripaska, 53, and otherinfluential Russians in 2018 because of their ties to PresidentVladimir Putin after alleged Russian interference in the 20...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. dollarare weakerin early U.S. trading Wednesday, on a normal pause following strong gains thisweek that have pushed prices to a six-month high and within striking distanceof a new record h...Read More
(Kitco News) - Current valuations for the majorcryptos, including Bitcoin, are "miraculous" and prices should bemuch lower, said Clem Chambers of InvestorsHub.com.Chambers told David Lin, anchor forKitco News, that there are several other tokens to look at, and in particular,the DeFi space overall has more long-term potential.For Chambers' suggestions onalternative investments, watch the video ab...Read More
BERLIN, Oct 20 (Reuters) - Volkswagen hasproduced just 300,000 cars at its main Wolfsburg plant so farthis year, a company source with knowledge of the matter said,the lowest figure since 1958 and far behind its average outputbefore the pandemic. The plant, which makes cars from the Golf, Tiguan, and Seatbrands among others, produced an average of 780,000 vehicles peryear in the past decade and th...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) - Inflation data in Europe has flatlined slightly and this couldkeep some of the pressure at bay for the ECB and BoE. Many analysts havestarted to pice in rate hikes for the BoE as Bank's governor, Andre...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 world's second-biggest miner (Russia) is set to have a boost to its gold trading exchange after it was announced that Moscow and London will unite. The deal means that Russian producers of the...Read More
Bob Moriarty ArchivesOct 20, 2021If you ever find yourself staring too hard at the trees, you might want to step back just a bit and take a look at the forest you may have totally missed.You can only make money by buying low and selling high. Most investors want to do the opposite. So while they are either engrossed in staring at the trees or are focused on their belly buttons, you need to do the...Read More
Kitco News, Released on 10/20/21A monetary system collapse is coming, and the trigger will be raging inflation, said Lawrence Lepard, Equity Management Associates managing partner."We've reached peak debt and peak money printing as a solution to our problems. The growth of the money supply has almost gone vertical", Lepard told Michelle Makori, editor-in-chief of Kitco News. "And this is how infla...Read More
Stansberry Research, Released on 10/20/21It's a fallacy to keep gold prices low to show the economy is doing alright, says Dr. Ron Paul, former U.S. Congressman and Host of The Ron Paul Liberty Report.He surveys the U.S. economic landscape and asserts that, "the depreciation of money [U.S. dollars] is ongoing, and it's not going to stop."Dr. Paul tells our Daniela Cambone that transitory price inf...Read More
CNBC, Released on 10/20/21Paul Tudor Jones, founder and CIO at Tudor Investment Corporation and founder of the Robin Hood Foundation, joins 'Squawk Box' to discuss inflation and the Federal Reserve.Part 1 (part 2 below)Paul Tudor Jones, founder and CIO at Tudor Investment Corporation and founder of the Robin Hood Foundation, joins 'Squawk Box' to explain why cryptocurrencies are a better hedge aga...Read More
Financial Survival Network, Released on 10/20/21Summary: David Morgan comes on the podcast to give us insight on the markets. We tackle inflation-which is not so transitory after all-the future of the dollar, the Chinese real estate debacle, and the precious metals market. A lot is changing and there will probably be many unintended consequences that our nation needs to prepare itself for. Tune in...Read More
Armstrong Economics, Released on 10/20/21Recently, more sources have been confirming that indeed there Continue... Martin Armstrong: The Corruption Continues to Surface added by Herman James on 10/20/2021View all posts by Herman James ?+'Read More
Armstrong Economics, Released on 10/20/21They are masking authoritarianism as utilitarianism.Continue... Martin Armstrong: Are the US Supply Chain Disruptions Deliberate? added by Herman James on 10/20/2021View all posts by Herman James ?+'Read More
International Man, Released on 10/20/21Congress is in a unique position to treat itself well. Continue... Doug Casey on Insider Trading... Why Politicians Can Do it and You Can't added by Herman James on 10/20/2021View all posts by Herman James ?+'Read More
Nancy Pelosi Portfolio Tracker, Released on 10/20/21BlackRock has hired 84 former government officials, regulators and central bankers worldwide. With $6.3 trillion in assets and $18 trillion under BlackRock's Aladdin risk management software system BlackRock controls the entire financial world and frankly the destiny of humankind- Nancy Pelosi Portfolio Tracker (@NancyTracker) October 19, 202...Read More
Summit News, Released on 10/20/21In an attempt to amplify calls for more lockdown measures, CNBC erroneously reported that COVID hospitalizations in England have been "steadily increasing" since restrictions were lifted when in fact the opposite is true.Continue... CNBC Lies About COVID Hospitalizations in Effort to Amplify Calls For New Lockdown added by Herman James on 10/20/2021View all posts b...Read More
Bloomberg (via Yahoo Finance), Released on 10/20/21"People simply stopped trusting the bolivar.""You can pay for everything with gold." Continue... Venezuelans Break Off Flakes of Gold to Pay for Meals, Haircuts added by Herman James on 10/20/2021View all posts by Herman James ?+'Read More
The explorer's extensive drilling at its Troilus project has resulted in "mineral continuity and [a] new, structurally focused geological model," noted a Laurentian Bank Securities report. In an Oct. 19 research note, Laurentian Bank Securities analyst Jacques Wortman reported that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQX) further extended the Southwest zone mineralization at its Troilus project,...Read More
“Gold going nowhere” seems to be a reasonable description of recent price action in the metals markets.Below is a daily chart of GLD for the past year… The price variation from the mid-point (170) of the price range (160-180) is only about 5 1/2 percent – either up or down.For those expecting bigger things, this might trigger some impatience. It might also be disappointin...Read More
What’s the price level exit for theblack gold?The new front month contract (as weswitched now to Dec’21) for WTI Crude Oil futures closed the week at $82 perbarrel on Friday (Oct. 15th).Fundamentally, nothing seems to be able to stop, in the short term, the surge incrude oil prices which continued to rise on Friday amid concerns over supply,since the WTI hit a new high in almost seven...Read More