Jack ChanPosted Nov 1, 2021Gold sector as represented by $HUI is now on amajor SELL signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation is in bear market values, but now at level of previous tradable bottom.Speculation in bear market values, but at...Read More

Ramelius Resources (ASX:RMS) is increasing its offer for Apollo Consolidated (ASX:AOP).Ramelius said today that it will pay 34 cents in cash plus .1778 Ramelius shares for each Apollo share, a total offer worth A$181 million.Apllo's board supports the offer.The bid upsets Gold Road Resources (ASX:GOR) offer from last month, which was about A$166 million on a fully-diluted basis and trumped an earl...Read More

The latest data for the global manganese ore market for the week ended Monday November 1.Read More

Troubled Harte Gold (TSX: HRT) announced today it is extending its legal negotiations with its lenders to review its options and find a buyer.Harte Gold holds a 100% interest in the Sugar Zone mine located in White River, Canada. The Sugar Zone Mine entered commercial production in 2019.The company announced a forbearance agreement with BHP Paribas in July.The company said it is carrying out a sal...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. dollar are higherin early U.S. trading Monday. Bulls are keeping alive a price uptrend in placeon the daily bar chart. They have to defend last week's low, as a drop belowthat key chart su...Read More

Strengthening sentiment from limited supply sent the market for low-grade and high-grade manganese ore higher in the week to Friday October 29, despite weaker ore prices at ports and falling silico-manganese markets in China.Fastmarkets' manganese ore index 37% Mn, cif Tianjin was calculated at $4.83 per dry metric tonne unit (dmtu) on Friday, up 6 cents, or 1.3%, from $4.77 per dmtu a week earlie...Read More

The S&P 500 closed up 0.18% to 4,613.67, the Dow Jones added 0.26% to 35,913.84 and the Nasdaq rose 0.63% to 15,595.92.At the end of last week, 56% of the companies in the S&P 500 had reported actual Q3 results, with 82% beating earnings estimates - above the five-year average of 76%, according to FactSet."If 82% is the final percentage for the quarter, it will mark with the fourth highest...Read More

(Reuters) - The U.S. Treasury said on Monday it plans to borrow $1.015 trillion in the fourth quarter, more than the August estimate of $703 billion, due to having a lower balance at the beginning of the quarter.This is somewhat offset by a lower end-of-quarter balance and higher receipts, the Treasury said in a statement. The fourth-quarter estimate assumes an end-Dec. cash balance of $650 billio...Read More

NEW YORK (Reuters) - Rising illiquidity in the $14.8 trillion U.S. Treasuries market could spill over into other financial markets as hedge funds reduce their capacity to take on risk, Bank of America warned in a report on Monday.Leveraged hedge funds in particular have likely suffered large losses from the rapid increase in short-term Treasury yields, the report added."These moves have exposed st...Read More

WASHINGTON, Nov 1 (Reuters) - U.S. Senate Majority Leader Chuck Schumer said on Monday that talks on President Joe Biden's social policy and climate change legislation continue to make "good progress," despite concerns aired earlier in the day by a key Democratic lawmaker. (Reporting by David Morgan, Editing by Rosalba O'Brien) Disclaimer: The views expressed in this article are those of the auth...Read More

Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More

WASHINGTON, Nov 1 (Reuters) - U.S. manufacturing activity slowed in October, with all industries reporting record-long lead times for raw materials, indicating that stretched supply chains continued to constrain economic activity early in the fourth quarter.The Institute for Supply Management (ISM) survey on Monday also hinted at some moderation in demand amid surging prices, with a measure of new...Read More

Analysts have trimmed their gold price forecasts for the rest of this year and next, expecting the precious metal to hover around current levels in the fourth quarter before edging lower in 2022, according to a Reuters poll. Typically seen as a safe investment, gold performs well when investors are anxious and when returns on other assets like bonds are low.Prices leaped to record highs above $2,0...Read More

(Reuters) - The Nasdaq index hovered at a record high on Monday boosted by gains in Tesla and Meta Platforms, although investors refrained from making big bets ahead of the Federal Reserve's potential move to start paring pandemic-era support for the world's largest economy.At 12:01 p.m. ET, the Dow Jones Industrial Average was up 46.29 points, or 0.13%, at 35,865.85, the S&P 500 was up 1.95 point...Read More

StrengthsOf the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Aigang (AIX), rising 66,384.61%.The Wharton School of business at the University of Pennsylvania, one of the nation's premier business schools, plans to accept cryptocurrency as tuition payment for its online blockchain and digital assets program. The Ivy League's program will accept digital coins such a...Read More

After a consultation period, Fastmarkets has liberalized the criteria for deals to be included in the calculations for the steel scrap month-to-date deal weighted average price, cfr Turkey.Previously, Fastmarkets' MB-STE-0894 steel scrap, HMS 1&2 (80:20 mix), month-to-date deal-weighted average, North Europe origin, cfr Turkey only included deals that were classified as confirmed, which means that...Read More

StrengthsThe best performing precious metal for the week was gold, but still off 0.52%. Gold remained range bound as traders weighed concerns over the world's economic recovery, which is supporting demand for haven assets, against prospects of tighter monetary policy. The collapse in the global sovereign-debt yield curve is accelerating, sending a foreboding signal to central banks that a withdraw...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 National Institute ofStatistics and Informatics of Peru (INEI) announced today that the domesticmining and hydrocarbons sector increased by 11.07% in September 2021 comparedto the same month of 202...Read More

WASHINGTON, Nov 1 (Reuters) - Price and wage increases running at multi-decade highs may challenge Federal Reserve officials this week as they try to maintain a balance between ensuring inflation remains contained and giving the economy as much time as possible to restore the jobs lost since the pandemic.Investors on Monday continued to increase their expectations that high and persistent inflatio...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) - Lithium Americas (TSX: LAC)(NYSE: LAC) announced Monday that it has submitted an unconditional offer toMillennial Lithium to acquire all of the outstanding shares of Millennial. According to the compan...Read More