With inflation more than two timeslower in Europe than in the US, the divergence between the economic zonesdeepens day by day. How might it impact gold?QEInfinity While I’ve warned on several occasionsthat the Fed and the ECB are worlds apart, thelatter now wants to provide more QE once it concludes QE. To explain, withthe ECB’s PEPP program set to expire at the end of March 2022, the...Read More
(Kitco News) Even a big miss in the U.S. September job numbers couldn't trigger a much-needed rally in gold. And unless the precious metal can find a way to close above $1,780 an ounce, analysts say they will remain neutral on the metal. Here's a look at Kitco's top three stories of the week: 3. Bitcoin breaches $55,000 as bullish momentum grows in the crypto space2. September U.S. job g...Read More
Adam HamiltonArchivesOct 08, 2021Gold is really out of favor after suffering several sharp selloffs in recent months on Fed-tightening fears. Speculators trading leveraged gold futures have been mostly short selling, while investors have been ignoring gold exchange-traded funds. Driven by bearish herd sentiment, that groupthink is short-sighted. Gold demand and prices will ultimately follow the Fe...Read More
In his review of the past quarter, Adrian Day, founder of Adrian Day Asset Management, discusses recent moves in the resource markets and why he believes gold and gold stocks are positioned to rise.Note: in the first article in this series, Adrian Day discusses impending tapering by the Federal Reserve and its potential effect on U.S. markets. The second article discusses the macroeconomic envir...Read More
The Unz Review, Released on 10/9/21"I am concerned about the possibility that the new vaccines aimed at creating immunity against the SARS-CoV-2 spike protein have the potential to cause microvascular injury to the brain, heart, liver and Continue... Will Vaccine-Linked Deaths Rise Sharply This Winter? added by Herman James on 10/12/2021View all posts by Herman James ?+'Read More
Subscribe to Kitco Roundtable on iTunes A second bad jobs report along with spiking energy prices is hinting at stagflation, said Junior Miner Junky editor David Erfle. On Friday Erfle recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.The job's report for September was dismal with only 194,000 jobs added last month...Read More
An anonymous director reports I-80 GOLD CORP. ANNOUNCES ADDITIONAL DETAILS ON FINANCING PACKAGE In connection with the previously announced acquisitions by i-80 Gold Corp. of the Lone Tree and Buffalo Mountain gold deposits from Nevada Gold Mines LLC (NGM) and the Ruby Hill mine from affiliates of Waterton Global Resource Management, the company will be seeking shareholder approval pursuant to the...Read More
OTTAWA (Reuters) - Canada's return to pre-pandemic job levels has likely sealed the deal on the Bank of Canada ending its quantitative easing program this month and, coupled with red hot inflation, bolsters the case for the central bank to move more quickly on rate hikes, analysts say.Canada added 157,100 jobs in September, blowing past expectations and finally recouping all three million lost at...Read More
(Kitco News) With gold unable to deliver a rally despite a disappointing U.S. September employment report, analysts weigh in on gold's sticky price levels.The U.S. September jobs report surprised on the downside with just 194,000 positions added versus the expected 500,000. This is a big miss considering that Federal Reserve Chair Jerome Powell needed "a reasonably good report" to begin tapering a...Read More
Oct 8 (Reuters) - An international deal setting a global minimum corporate tax level could mean Facebook will pay more tax, the world's largest digital social network said on Friday."Facebook has long called for reform of the global tax rules, and we recognise this could mean paying more tax, and in different places," Nick Clegg, Facebook Vice President for Global Affairs, said in a statement."The...Read More
MEXICO CITY, Oct 8 (Reuters) - Police in northern Mexico discovered more than 600 Central American migrants hiding in three long cargo trucks headed to the United States late on Thursday, in one of the biggest round-ups of U.S.-bound migrants by Mexican authorities in years.Video released by police showed officers prying off a lock from a truck's rear door and opening it only to find migrants in h...Read More
NEW YORK (Reuters) -Oil prices rose on Friday, up more than 4% on the week as a global energy crunch has boosted prices to their highest since 2014 and prompted China to demand increased coal production.With global energy demand growing, OPEC and allied producers have said they would stay the course of gradually bringing back production cuts, and while the U.S. government said it was monitoring en...Read More
(Reuters) - The center of gravity for U.S. auto manufacturing is moving south, with electric vehicle and battery makers planning to spend nearly $24 billion in new factories from Arizona to Georgia.Already announced are the following plants and investments:ARIZONAStartup Lucid Motors has just opened a $300 million assembly plant for electric vehicles in Casa Grande, halfway between Phoenix and Tuc...Read More
WARSAW, Oct 8 (Reuters) - Poland is among countries that have decided to continue working on implementing a global tax deal including a minimum 15% global corporate tax rate, the finance ministry said on Friday."Negotiations at the OECD forum were demanding, but we are still working and we want to jointly create a new tax reality in the world," Polish Finance Minister Tadeusz Koscinski said in a s...Read More
Oct 8 (Reuters) - China's Lenovo Group Co(0992.HK), the world's biggest maker of personal computers (PCs),has withdrawn its application for a 10 billion yuan ($1.55 billion) share listing in Shanghai, a Shanghai Stock Exchange filing showed on Friday.The company only had its application for a share sale accepted by Shanghai's STAR Market at the end of last month.The Shanghai Stock Exchange said Le...Read More
BERLIN, Oct 8 (Reuters) - German Finance Minister Olaf Scholz hailed an agreement on Friday between leading global economies on a minimum corporate tax rate of 15%."Today we have taken another important step towards more tax justice. The OECD countries have today agreed on the most important parameters for global minimum taxation," Scholz said in a statement emailed to Reuters."At the same time, f...Read More
MEXICO CITY, Oct 8 (Reuters) - U.S. Secretary of State Antony Blinken on a visit to Mexico on Friday held talks with President Andres Manuel Lopez Obrador, trying to mend fractious ties as the two nations hash out a new security cooperation accord and deal with a jump in migration.The top U.S. diplomat visits Mexico at a time when the Biden administration is increasingly reliant on its southern ne...Read More
BEIJING, Oct 8 (Reuters) - China has added cryptocurrency mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list overall, a document released by the state planner showed on Friday.The so-called "negative list" details sectors and industries that are off-limits to both Chinese and foreign investors.Regulators in Ch...Read More
LONDON, Oct 5 (Reuters) - Central banks are at risk of over-promising on how they can respond to the challenges posed by climate change, a Nobel economics laureate whose work questions how well economic models cope with uncertainty has warned.Professor Lars Peter Hansen, an economist at the University of Chicago, raised particular concerns about moves by major central banks around the world to str...Read More
LONDON (Reuters) - New rules will be needed to deal with operational risks from banks relying on outsourced "cloud" computing from Amazon, Google, Microsoft and others for providing services to customers, the Bank of England said on Friday."Regulated firms will continue to have primary responsibility for managing risks stemming from their outsourcing and third-party dependencies," the BoE"s Financ...Read More