Gold Money, Released on 11/1/21The gold price is at an interesting technical juncture, with the price and the most followed moving averages Continue... Alasdair Macleod: Gold at a crucial technical level added by Herman James on 11/01/2021View all posts by Herman James ?+'Read More

The CIS export slab market was quiet in the week to Monday November 1 because most mills were absent from the market.No fresh offers were heard from Russian suppliers in the Black Sea basin, while local sources reported that the country is on lockdown until November 7, reducing trading activity.In the Far East...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

BERLIN, Nov 1 (Reuters) - Workers at some Amazon (AMZN.O) warehouses in Germany began strike action on Monday, services sector union Verdi said, as part of a long-running battle with the U.S. tech giant over better pay and working conditions.Germany is Amazon's biggest market after the United States, and Verdi, a leading services sector union, has been organising strikes on and off at Amazon sit...Read More

Nov 1 (Reuters) - Goldman Sachs has brought forward its forecast by a year to July 2022 for the first post-pandemic U.S. interest rate hike, as the investment bank expects inflation to remain elevated."The main reason for the change in our liftoff call is that we now expect core PCE inflation to remain above 3% - and core CPI inflation above 4% - when the taper concludes," Goldman's chief economis...Read More

Nov 1 (Reuters) - Coca-Cola Co (KO.N) said on Monday it would buy the remaining stake in BodyArmor it did not already own for $5.6 billion, as the soda maker amps up its sports drink portfolio to take on market leader, PepsiCo Inc's (PEP.O) Gatorade.The deal, which values BodyArmor at about $6.59 billion, marks a shift in strategy for Coca-Cola that spent the last year offloading or discontinu...Read More

China's domestic rebar prices dropped on Monday November 1 after the release of a lower steel industry purchasing managers' index.DomesticEastern China (Shanghai): 5,120-5,150 yuan ($799-804) per tonne, down by 100 yuan per tonneThe PMI for the steel industry was 38.3 points in October, down by 6.7 points from September, according to the China Federation of Logistics & Purchasing's Steel Logistic...Read More

In an Oct. 1, 2021, broadcast, Crescat Capital's Portfolio Manager, Tavi Costa, and Chief Investment Officer, Kevin Smith, argued that precious metals offer investors incredible value, protection, and growth during periods of economic toil like what we are experiencing globally today and that gold and silver prices are poised to take off from their current lows. Crescat Capital Portfolio Manager T...Read More

Bob Moriarty of 321gold profiles South Star Battery Metals' graphite project and explains why he believes this is the best company he has written about in 20 years. When I talk with management of any company wanting to brief me, I try to stay away from the elevator pitch. Every company president or CEO has given it 3,587 times and has it memorized. All they tell you is what they want you to know....Read More

(Reuters) - Goldman Sachs Group Inc has come up with a new offering that allows investors to bet on special purpose acquisition companies (SPACs), its latest attempt to capitalize on the dealmaking trend, people familiar with the matter said.The product is structured as a two-year bond that pays interest and gives investors exposure to SPACs without owning them, the sources said. It could appeal t...Read More

BENGALURU, Nov 1 (Reuters) - Indian shares kicked off November on a strong note as realty and metal stocks helped benchmark indexes close more than 1% higher on Monday after three straight sessions of losses, with sentiment aided by upbeat corporate results.The blue-chip NSE Nifty 50 index (.NSEI) closed up 1.46% at 17,929.65, while the benchmark S&P BSE Sensex (.BSESN) gained 1.40% to end at...Read More

(Reuters) - Brazil's Nubank on Monday lifted the veil off its filing for an initial public offering in the United States, revealing it is targeting a valuation of over $50 billion, setting the stage for one of the biggest stock market flotations this year.The company said it is offering 289.2 million shares at a price between $10 and $11 per share. At the top end of that range, the IPO will fetch...Read More

LONDON (Reuters) - Barclays chief executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein.Staley will be replaced as CEO by Barclays' head of global markets C.S. Venkatakrishnan, who on Monday pledged to continue his predecessor's strategy.Staley's shock departure comes after Barclays was...Read More

MOSCOW, Nov 1 (Reuters) - Russia's flagship Urals oil grade is facing growing competition in its European heartlands amid rising supplies of Norway's Johan Sverdrup (JS Blend) crude and reduced opportunities for the Norwegian grade in Asian markets, traders said.Urals and JS Blend, both medium sour crudes and available from European ports, are similar in quality and logistical requirements, and ta...Read More

SHANGHAI, Nov 1 (Reuters) - Chinese homebuilder Yango Group (000671.SZ) offered on Monday to exchange some U.S. dollar bonds for new notes personally guaranteed by its chairman as it struggles to free up cash and avoid defaulting on upcoming debt payments.Yango's liquidity crunch comes against the backdrop of a crisis at larger rival China Evergrande Group (3333.HK), which has stoked concern am...Read More

Here are five Fastmarkets stories you might have missed on Monday November 1 that are worth another look....Read More

(Adds details)LONDON, Nov 1 (Reuters) - Britain's BT, fresh from bolstering its defences against a possible takeover bid, said on Monday it had delivered its annual 1 billion pounds ($1.37 billion) cost savings target 18 months ahead of schedule, driving its shares higher.Britain's biggest broadband and telecoms group announced the news less than a week after a source confirmed it had also appoint...Read More

Nov 1 (Reuters) - Along with the supply-chain headaches everyone is fighting - from clogged ports to empty store shelves - Ryan Gunnigle is focused on the potential for the opposite problem: gluts."Customers are just flinging crazy orders right now, so it's hard to determine the real level of demand," said the chief executive of Kids2, the Atlanta-based toy company best known as the maker of Baby...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

Here are five Fastmarkets stories you might have missed on Monday November 1 that are worth another look....Read More