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) - As a gold investor, if you were expecting an easyend to what has been another relatively quiet week, you were unfortunatelymistaken.The day started with plenty of optimism in the precious metal market...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) - Therising inflation threat is creating some significant bullish sentiment in thegold market, even as Federal Reserve Chair Jerome Powell tries to talk downthose growing concernsEarlyFriday, gold prices...Read More
Kitco MEDIA ? The Metals, Money, and Markets Weekly by Mickey Fulp - October 22, 2021By Mickey FulpContributing tokitco.com Follow @KitcoNewsNOWcontact@mercenarygeologist.comwww.themercenarygeologist.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...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) -Federal Reserve Chair Jerome Powell has thrown a bucket of cold water on gold's Friday rally as prices fall back below $1,800 an ounce.After a relatively quiet week, rising inflation pressures helped pu...Read More
Dear Outsider,A lot of bad things can happen in three seconds...I learned that the hard way this week as I was driving my kids to the Mount Everest restaurant, the three of us eagerly awaiting some delectable Nepalese cuisine. This particular restaurant is only about a mile from my home. So we piled into my Jeep and took off down the road, which goes through a sleepy residential neighborhood with...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 the Word Banks' latest report, they have noted that its Precious Metals Index fell by 3 percent in the thirdquarter of 2021. It noted that this is due to declining investor sentimentstemming from hi...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 grade or concentration ofa mineral or metal in ore directly affects costs associated with mining as wellas its subsequent beneficiation and extraction of precious components.Kitco ranked currently...Read More
Whatis the next market to see a short squeeze? That is the question I have beenasked most by clients this week. Shortages have been popping up everywherewithin supply chains, especially where inventory remains low and bottlenecks indistribution occur. Multiple commodities such as Oats, Cotton, Crude Oil, andGasoline have rallied double-digit percentage gains this month. I know you arethinking, whe...Read More
Despitelong-term interest rates continuing to move upwards, the precious metal’ssector has been steadily finding buyers since late September. Previously,rising bond yields acted as a factor for selling both gold and silver, payingno dividends or coupons. I believe the main reason for the recent dis-connectis investors viewing inflationdifferently sincethe end of September.Never-endingsupply...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) - Global manufacturing PMI's this morning and overnight have beenoverwhelmingly positive. As the world moved out of the COVID-19 pandemic itseems that the manufacturing sector is recovering. This does le...Read More
Lots of news lately in the lithium space these days. A lot has to do with of course batteries and especially batteries for electric cars and right now there is very limited supply of lithium out there. Yes there is exploration projects going on all over the world but for actual supply right now there is a huge deficit. Lots of the supply issues are caused by things like the pandemic but because li...Read More
European trade groups warned about the potentially "catastrophic impact" of a Chinese magnesium supply shortage on metals producers in the region, calling on the European Commission and national governments to take immediate action to mitigate the risks to industry.The groups - European Aluminium, European steel association Eurofer, European Automobile Manufacturers' Association, European metals a...Read More
(Reuters) - Federal Reserve Chair Jerome Powell said on Friday that the U.S. central bank is "on track" to begin reducing its purchases of assets, and noted that he expects inflation to abate next year as pressures from COVID fade."Supply constraints and elevated inflation are likely to last longer than previously expected and well into next year, and the same is true for pressure on wages," Powel...Read More
NEW YORK (Reuters) - Options traders are showing little fear that U.S stocks will turn volatile in coming weeks, even as the Federal Reserve appears set to announce an unwind of the easy money policies that helped equities double from last year's lows.The Cboe Volatility Index, known as Wall Street's fear gauge, recently stood at 15.52 after closing at a post-pandemic low of 15.01 on Thursday.The...Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 22.Susan Zou, Yingchi Yang and...Read More
(Reuters) -Federal Reserve Chair Jerome Powell on Friday said the U.S. central bank should start the process of reducing its support of the economy by cutting back on its asset purchases, but should not yet touch the interest rate dial."I do think it''s time to taper; I don''t think it''s time to raise rates," Powell said in a virtual appearance before a conference, noting that there are still fiv...Read More
Oct 22, 2021 Guest(s): Peter Boockvar CIO, Bleakley Advisory Group 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 Michel...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) - Ferrochrome producer MerafeResources (JSE: MRF) reported today that its attributable 9M 2021 production fromthe Glencore Merafe Chrome Venture surged by 64% to 276 ktonnes compared to thesame period a...Read More
Oct 22 (Reuters) - The U.S. federal budget deficit shrank in September to $62 billion from $125 billion in the year-earlier period and was the smallest budget gap since January 2020. (Reporting by Dan Burns Editing by Paul Simao) 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 accurac...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) - West Africa - focused goldminer Hummingbird Resources (AIM: HUM) announced today that it poured 22,102 ozof gold at its Yanfolila gold mine in Mali in Q3 2021, a decrease of 11%compared to 24,722 oz po...Read More