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(Kitco News) It's been a very busy data week for the markets. The Federal Reserve announced tapering of its asset purchases and the U.S. economy added more than 500,000 jobs in October.Gold is finally starting to react — surging $25 on Friday and rising well above the $1,800 an ounce level. Markets now seem to be pricing in a more patient Federal Reserve going forward.Here's a look at Kitco'...Read More
Subscribe to Kitco Roundtable on iTunes Precious metals look good due to the central banks finding themselves stuck "between a rock and hard place," said Gwen Preston, who runs the Resource Maven. On Friday Preston recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae and Kitco correspondent Paul Harris. Preston was commenting on Bank of England, which decided not to raise rates o...Read More
SAN FRANCISCO, Nov 5 (Reuters) - Tesla Inc opened afactory to produce battery manufacturing equipment in theCanadian city of Markham, Ontario, the city said on Friday, asthe electric carmaker ramps up the production of cheaper,higher-range 4680 battery cells.In 2019, the U.S. electric carmaker acquired Canada-basedHibar, which manufactures pumps used in fast-speed batteryassembly that Tesla is int...Read More
WASHINGTON, Nov 6 (Reuters) - After a daylong standoff, Democrats set aside divisions between progressives and centrists to pass a $1 trillion package of highway, broadband and other infrastructure improvement, sending it on to President Joe Biden to sign into law.The 228-to-206 vote late on Friday is a substantial triumph for Biden's Democrats, who have bickered for months over the ambitious spen...Read More
By Marcelo RochabrunAQUIA, Peru, Nov 5 (Reuters) - The head of Antamina, Peru'slargest copper producer, looked to defuse tensions with ruralcommunity protesters on Friday, addressing residents in a localmeeting after a blockade forced the mining firm to suspendoperations last week.Victor Gobitz, head of Antamina, part-owned by Glencore Plc and BHP Billiton , told residents at a townhall meeting in...Read More
We spoke with Nicole Galloway Warland, Managing Director of Thor Mining Plc (AIM, ASX: THR, OTCQB: THORF). Thor Mining is advancing its diversified portfolio of precious, base, energy and strategic metal projects across USA and Australia. Thor owns 100% of the Ragged Range Project, comprising 92 km2 of exploration licenses, with highly encouraging early-stage gold and nickel results, in the Pilbar...Read More
Major companies in logistics and heavy industry have come together as part of an initiative launched by the World Economic Forum at the the 2021 United Nations Climate Change Conference - COP26 - in Glasgow to create a critical mass of demand for low carbon technologies aimed at decarbonising heavily polluting sectors.The First Movers Coalition, announced on November 4, is a partnership between th...Read More
Sellers of physical copper are holding out for a higher premium for 2022 contracts in the United States.No major deals were reported by the end of the American Copper Council (ACC) fall meeting in Miami, Florida this past week, although there was talk of a US copper premium in the 10-cents-per-lb range.In the US, Fastmarkets assessed the copper grade 1 cathode premium, ddp Midwest US at 8-9 cents...Read More
Please don't ignore the opportunity of a lifetime to both preserve your wealth and... by Egon von Greyerz of Gold SwitzerlandDon't listen to what CENTRAL BANKERS say but just observe the disasters they create!One current Central Bank head and two former ones have recently spoken words that make no sense.Let's start with the Head of the Fed Jerome Powell:"We need to watch and watch carefully and...Read More
This is a clip from The Pat McAfee Show live from Noon-3PM EST Mon-Fri.Become a member! https://www.youtube.com/channel/UCxcTeAKWJca6XyJ37_ZoKIQ/joinSUBSCRIB...Read full newsRead More
Here are five Fastmarkets stories you might have missed on Friday November 5 that are worth another look.ArcelorMittal will suspend production as its Sestao plant in Spain until early 2022 to carry out upgrade works to double capacity, a company representative told Fastmarkets.Low-carbon...Read More
Here are five Fastmarkets stories you might have missed on Friday November 5 that are worth another look.ArcelorMittal will suspend production as its Sestao plant in Spain until early 2022 to carry out upgrade works to double capacity, a company representative told Fastmarkets.Low-carbon...Read More
Here are five Fastmarkets stories you might have missed on Friday November 5 that are worth another look.ArcelorMittal will suspend production as its Sestao plant in Spain until early 2022 to carry out upgrade works to double capacity, a company representative told Fastmarkets.Low-carbon...Read More
Arcadia Economics, Released on 11/5/21Is the silver supply chain breaking?To answer this timely question I'm joined by silver legends Bill Hoter, Andy Schectman and David Smith to discuss what is going on with the silver supply.?>>?Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles...Read More
Retirement Lifestyle Advocates, Released on 11/7/21The reality is, that Congress has spent the last two years violating every legitimate rule of reason to monetary and fiscal policy. They have pumped 8 trillion dollars of unbacked credit into the system in the last 18 months...so, of course, inflation is going through the roof. This week on Retirement Lifestyle Advocates radio, your host, Dennis T...Read More
The Income Generation Show, Released on 11/7/21Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Fa...Read More
Wall Street Silver, Released on 11/6/21Jim Rogers, the legendary investor, joins us to describe how he is preparing for more difficult markets. Hard Times Are Coming, Own Hard Assets such as gold, silver, and other commodities.Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the...Read More
I LOVE PROSPERITY, Released on 11/6/21In this video, we do a deep dive into everything happening right now. Lynette Zang says to prepare yourself for this planned economic collapse. She lays down her gameplan for how to protect yourself, your assets, and your future. She says we're in the brink of Totalitarianism and the next steps will be laid out in today's video, covering gold, silver, investin...Read More
Bubba Trading, Released on 11/7/21Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX. Bubba Horwitz, economy, freedom, inflationBubba Horwitz: Watch...Read More