Precious metals expert Michael Ballanger decries last week's manipulations in the silver market. Anyone schooled in the Canadian educational system in the 1960s is by default familiar with William Shakespeare’s famous play Hamlet about a Danish prince that seeks revenge upon his uncle who was believed to have murdered his father to seize the Danish throne. As students forced to utilize a lea...Read More
Precious metals expert Michael Ballanger decries last week's manipulations in the silver market. Anyone schooled in the Canadian educational system in the 1960s is by default familiar with William Shakespeare’s famous play Hamlet about a Danish prince that seeks revenge upon his uncle who was believed to have murdered his father to seize the Danish throne. As students forced to utilize a lea...Read More
Precious metals expert Michael Ballanger decries last week's manipulations in the silver market. Anyone schooled in the Canadian educational system in the 1960s is by default familiar with William Shakespeare’s famous play Hamlet about a Danish prince that seeks revenge upon his uncle who was believed to have murdered his father to seize the Danish throne. As students forced to utilize a lea...Read More
LONDON, 12 October 2021 - Leading German investment magazine WirtschaftsWoche today published an exclusive interview with BullionVault's director of research, Adrian Ash.Noting that BullionVault is "the world's largest online platform for trading gold, silver and platinum," WiWo asks Adrian about the impact of inflation on gold prices, the longer-term outlook for German investors, and whether fi...Read More
Ballarat, Australia, Oct 12, 2021 - (ABN Newswire) -White Rock Minerals Limited (ASX:WRM) (OTCMKTS:WRMCF) is pleased to announce drill assay results from the Company's Woods Point Gold Project in Victoria for drilling of the Kenny's target area from underground at the Morning Star gold mine. The Kenny's target area includes the historic Whitelaw, Burns and Campbell quartz vein reefs, all of which...Read More
Gold prices continue to drift lower as the U.S. dollarcontinues to gain strength and market sentiment favors the high likelihood thatthe Federal Reserve will continue on its course to begin tapering is to assetpurchases as early as November of this year.Many analysts have cited three primary variables for therecent downside in gold, the two that we have just mentioned a strong dollarand Federal Re...Read More
BENGALURU, Oct 11 (Reuters) - Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China.Brent crude rose $1.26, or 1.5%, to settle at $83.65 a barrel. The session high was $84.60, its highest since October 2018.U.S. West Texas Intermediate (WTI) crude gained $1.17, or 1.5%, to settle a...Read More
Oct 11 (Reuters) - Amazon.com Inc (AMZN.O) will let individual teams decide for how many days corporate employees would be expected to work from office in a week, Chief Executive Officer Andy Jassy said in a message to employees on Monday.Earlier, Amazon's policy required for employees to return to office from Jan. 3 for at least three days a week.In his message that was posted on Amazon's blog,...Read More
NEW YORK, Oct 11 (Reuters) - The dollar rose on Monday as surging energy prices prompted investors to seek safe havens, with the greenback hitting a nearly three-year high against the yen on expectations the U.S. Federal Reserve will announce a tapering of its bond purchases next month.Oil prices surged on Monday to multi-year peaks, fueled by the rebound in global demand. Concerns that the price...Read More
LONDON, Oct 11 (Reuters) - Cryptocurrency researcher Elliptic has raised $60 million from investors including SoftBank (9984.T) and Wells Fargo's (WFC.N) venture capital arm, the startup said on Monday, as more mainstream investors bet on the blockchain analytics sector.With larger investors warming to crypto and other digital assets, blockchain analysis firms are in high demand, with regulato...Read More
On a higher timeframe basis: We held exhaustion above with a$65,520 high, which I said could roll this into a correction exceeding$11,000-we have seen $36,720 so far. The decent break below $59,740-685 broughtin $30,885 of pressure. The maintained gap lower on 4/19 left the short-termbearish reversal above warned about. We have attained $28,310. The decent tradebelow $58,080 (-10 per/hour) has bro...Read More
Gold's inability to move above $1,800 an ounce is taking its toll, with ABN AMRO now projecting for gold to end this year at $1,700 and next year at $1,500 an ounce."So far this year, gold prices have declined by 7.5%. The gold price outlook remains negative. We keep our year-end forecast at USD 1,700 per ounce and end of 2022 at USD 1,500 per ounce," ABN AMRO senior precious metals strategist Geo...Read More
Oct 11 (Reuters) - Facebook Inc's (FB.O) oversight board, a body set up by the social network to give independent verdicts on a small number of thorny content decisions, said on Monday it would meet with former employee and whistleblower Frances Haugen in the coming weeks. (https://bit.ly/2YDUKtO)Haugen revealed last week she was the person who provided documents used in a Wall Street Journal in...Read More
LONDON, Oct 11 (Reuters) - Lack of growth is the biggest economic challenge facing developing economies, the World Bank's chief economist said on Monday.Economic growth was essential for poverty reduction, as well as creating government revenues to use for fiscal space, social safety nets and the provision of public goods, said Carmen Reinhart, the World Bank's chief economist."We had a challenge...Read More
Ona higher timeframe basis: I cautionedon 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. Wehave seen $905.5. This is ON HOLD. We held major exhaustion at$2,071.6-93.2 with a $2,089.2 high and rolled over $412.8 into the macrobearish correction warned about. This is ON HOLD. Ona lower timeframe basis: The decentbreak above $1,729.9 (-4 tics per/hour) has brought in $52.9 of r...Read More
StrengthsOf the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Nano Dogecoin INTC, rising 50,429,343,990%.According to Bloomberg, Bank of America (BofA) has now launched research coverage of cryptocurrencies due to growing institutional interest in the sector and massive appetite among retail clients. On Bloomberg Surveillance this week, head of global research from...Read More
NEW YORK (Reuters) - Oil prices surged on Monday to multi-year peaks, boosting U.S. materials and energy stocks, but fears that rising prices would exacerbate supply-chain snags caused Wall Street to give up early gains.Higher vaccination rates against the coronavirus have supported a revival in economic activity, helping Brent prices to gain for five weeks and U.S. crude for seven.U.S. crude jump...Read More
STOCKHOLM, Oct 11 (Reuters) - Economists David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel economics prize on Monday for pioneering "natural experiments" to show real-world economic impacts in areas from minimum wage increases in the U.S. fast-food sector to migration from Castro-era Cuba.Unlike in medicine or other sciences, economists cannot conduct rigidly controlled clinical trial...Read More
StrengthsThe best performing precious metal for the week was palladium, up 8.19% despite hedge funds taken their net-short position to record levels. Gold extended gains after a key U.S. jobs report fell well short of expectations in September, complicating a potential decision by the Federal Reserve to begin scaling back monetary support before year end. The U.S. added fewer jobs than forecast fo...Read More
NEW YORK (Reuters) - Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless.""No matter what anyone thinks about it, government is going to regulate it. They are going to regulate it for (anti-money laundering) purposes, for (Bank Secrecy Act) purposes, for tax," Dim...Read More