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 prices are higherand hit a record high in early U.S. trading Tuesday. A price uptrend is firmlyin place on the daily bar chart. The Bitcoin bulls have the solid overallnear-term tec...Read More
Nov 9 (Reuters) - The U.S. Federal Reserve looks at a wide range of indicators in gauging how close the economy is to reaching full employment, Fed Chair Jerome Powell said on Tuesday, as he reiterated the benefits of targeting workers who often remain on the sidelines."When we assess whether we are at maximum employment, we purposely look at a wide range of indicators," Powell told a vi...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) - South African platinum group metals (PGM) producer Northam Platinum today announced its acquisition of a 32.8% interest in another local PGM producer Royal Bafokeng Platinum (RBPlat) for R17.0 billion...Read More
Mr. Matthew Gili reports I-80 COMPLETES PEA FOR GRANITE CREEK, NEVADAi-80 Gold Corp. has released the results of a preliminary economic assessment (PEA) for the company's Granite Creek project located in Humboldt county, Nevada.The technical report has also been filed with Canadian Securities regulators and can be found at the i-80 website and under the company's profile on SEDAR.Highlights of the...Read More
Mr. Carlos Espinosa reportsMONARCA MINERALS REPORTS COMPLETION OF PHASE 1 EXPLORATION DRILLING AT SAN JOSE PROJECT AND PRELIMINARY RESULTS INCLUDING 4.07 G/T AU OVER 3.0MMonarca Minerals Inc.has completed its phase 1 San Jose exploration RC (reverse circulation) drilling program with 4,640.6 metres completed in 15 drill holes. Assay results from seven of these drill holes are shown in the attached...Read More
ReutersNov 9 (Reuters) - U.S. cryptocurrency exchange Coinbase Global Inc (COIN.O) on Tuesday reported a nearly 30% fall in third-quarter trading volumes on a sequential basis, hit by an easing in trading in bitcoin and other cryptocurrencies.Trading volumes was $327 billion for the quarter, down from $462 billion in the prior quarter.The company reported net income attributable to common sharehol...Read More
By Tom WestbrookSYDNEY, Nov 9 (Reuters) - Bitcoin and ether made record peaks in Asia trade on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum and flows into the asset class.Bitcoin rose as high as $68,564 in Asian afternoon trade and ether , the second-biggest cryptocurrency by market value, earlier hit $4,825.Both have more than doubled since June...Read More
Monday saw a solid rally in gold, silver and platinum, all reached a small level of resistance. Based on the currenttrend and price action, they should reach their major resistance levels verysoon. We cannot assign a date but soon should be within the next week. If/when the metals reach the next levelthe price action at that time will be important. Many are looking for anexplosion higher, others b...Read More
Dr. Michael Gunning reportsVR RECEIVES POSITIVE DRILL PERMIT DECISION FOR ITS AMSEL EPITHERMAL GOLD-SILVER PROPERTY IN NEVADA, AND COMPLETES GEOCHRONOLOGY TO CONFIRM ROUND MOUNTAIN AGE VR Resources Ltd. will provide an important update for its Amsel gold-silver project in Nevada:The United States Forest Service (USFS) has concluded its review with a positive decision for the company's drill permit...Read More
By Jonnelle MarteNov 9 (Reuters) - U.S. consumers are spending more and ramping up credit card balances, reversing a shift during the COVID-19 crisis, when they scaled back spending and substantially paid down debt, a Federal Reserve Bank of New York report showedon Tuesday.After rising by $17 billion in both the second and third quarters, credit card use appears to be returning to pre-pandemic pa...Read More
By David Shepardson and Trevor HunnicuttWASHINGTON, Nov 9 (Reuters) - The White House plans to move quickly on a $17 billion revamp of U.S. ports approved by Congress as part of President Joe Biden's $1 trillion infrastructure bill.Biden is due to visit the Port Of Baltimore on Wednesday to tout funding for revamping U.S. ports facing huge backlogs.The $17 billion will "improve infrastructure at c...Read More
Ballarat, Australia, Nov 9, 2021 - (ABN Newswire) -White Rock Minerals Limited (ASX:WRM) (OTCMKTS:WRMCF) is pleased to provide shareholders with a significant update of results from prospecting activities conducted during the 2021 field season at the Company's 100% owned Red Mountain VMS and IRGS project. Assay results for rock chip float samples from the recently discovered Kiwi and Jack Frost pr...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 9 that are worth another look.Carbon offsets and trading are an effective and quick way to contend with a future global ecosystem of green taxes, or the "green taxonomy," a sustainability consultancy said.Growing consumer appetite for sustainable products...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) - German ZEW economic sentiment data for November jumped to 31.7 from the previous reading of 22.3. This is also much higher than the economist's expectations of 20.0. Importantly this data point is a&nb...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 gold market remains in striking distance of a criticalresistance point but is not seeing much traction following slightly weaker thanexpected wholesale inflation pressures. Tuesday,the U.S. Labor De...Read More
Base metal futures prices were largely down across the London Metal Exchange complex at the 5pm close of trading on Tuesday November 9, despite gains made on Monday.Prices reversed across the board on the LME, initially trending higher before eventually scaling back by the close.The US Dollar Index rose throughout the day, supporting this price move. It was up to 94.05 by 5pm, from 93.96 at 9am.Th...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) - i-80 Gold (TSX: IAU) today reported favorable results of a Preliminary Economic Assessment ("PEA") for the company's Granite Creek gold project located in Humboldt County, Nevada.Highlights of the Gran...Read More
The recent downward correction in aluminium prices and premiums was expected after a strong uptrend in 2021, but tighter supply from China is set to continue supporting high prices, Brazilian aluminium producer Companhia Brasileira do Alum?-nio (CBA) said on Tuesday November 9.Chinese aluminium output cuts, meant to reduce carbon emissions, deepened a global supply deficit in the third quarter. Es...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 9, 2021 Is gold’s long-awaited surge to $3000 an ounce finally underway?Are all the traffic lights green? Please click here now. Throughout the Western world (and China too), ageing populations need a lot of medical care, and the only government and central bank “solution&r...Read More
BAMAKO, Nov 9 (Reuters) - Industrial gold production inMali, one of Africa's top producers of the precious metal, isexpected to beat the 60.5 tonnes forecast for 2021, a minesministry official said on Tuesday.Gold production from the 13 mines operated by major minersincluding Barrick Gold , B2Gold , ResoluteMining and AngloGold Ashanti stood at 47.1tonnes by the end of September, the ministry said...Read More