(Kitco News) It has been another positive week for gold after months of no action. The momentum has taken prices $40 higher on the week as gold breached key resistance levels of $1,835 and $1,850 an ounce. Here is a look at Kitco's top three stories of the week:3. U.S. inflation rate highest in 31 years as CPI rises 6.2%2. Gold price jumps nearly $40, bitcoin hits new all-time highs as markets rea...Read More
RT, Released on 11/13/21In this episode of Keiser Report, Max and Stacy look at the calls for $150 trillion, or $100 trillion plus, to get to 'net zero,' and how the Overton Window is shifted in terms of dollar debasement. In the second half, Max chats to Karl Denninger of Market-Ticker.org about how to fix the supply chain crisis.Max Keiser is an American broadcaster and film-maker. He hosts Keis...Read More
Wall Street Silver, Released on 11/12/21Andrew Maguire says wholesale imports of Silver in India and Turkey surging as they re-entered the markets in September and October.Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial an...Read More
Kitco News, Released on 11/12/21Fiscal policy is going to drive inflation, according to Ronald-Peter Stoeferle.Stoeferle spoke to Kitco on Friday. He is managing partner at Incrementum AG."I think we should focus less on what the central banks are doing, and we should focus more on what fiscal policy is," said Stoeferle. On Monday President Biden signed a $1 trillion infrastructure bill."I think w...Read More
The Morgan Report, Released on 11/12/21 (Recorded on 11/11/21)The evolution of money and the ever-increasing importance of sound money is not just important to understand from a financial standpoint, but from a societal perspective as well. Many of the societal and political issues we are currently experiencing can be credited at least partially to decades of monetary debasement and poorly managed...Read More
CNBC, Released on 11/13/21The court criticized the requirements as "a one-size-fits-all sledgehammer that makes hardly any attempt to account for differences in workplaces (and workers)."Continue... Federal appeals court halts Biden's vaccine requirement, delivering policy a major blow added by Herman James on 11/13/2021View all posts by Herman James ?+'Read More
Daily Reckoning, Released on 11/10/21Forty percent of all the cargo into the United States comes through the ports of Los Angeles and Long Beach. Continue... Rickards: Supply Chain Disruptions Will Continue added by Herman James on 11/13/2021View all posts by Herman James ?+'Read More
King World News, Released on 11/12/21Continue...James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the in...Read More
Armstrong Economics, Released on 11/13/21The silent majority has been silenced once again.Continue... Armstrong: YouTube Removes Dislike Count to Protect White House added by Herman James on 11/13/2021View all posts by Herman James ?+'Read More
Armstrong Economics, Released on 11/13/21It was Hillary who paid for the Steele Dossier, but it was John McCain who handedContinue... Armstrong: All Fingers Point to Hillary & McCain added by Herman James on 11/13/2021View all posts by Herman James ?+'Read More
QTR's Fringe Finance (via Zero Hedge), Released on 11/12/21Policy makers in the U.S. are running an unprecedented experiment and actively working to reduce supply - although the administrationContinue... $300 Oil? "Frankly, It Could Go Much Higher" added by Herman James on 11/13/2021View all posts by Herman James ?+'Read More
Mish Talk, Released on 11/12/21The number of people quitting their jobs hit new records 4 out of the last 6 months and the last 3 in a row.Continue... A Record Number of People Quit Their Job for Third Consecutive Month added by Herman James on 11/13/2021View all posts by Herman James ?+'Read More
Zero Hedge, Released on 11/13/21"We've seen this before," General Mark Milley, the chairman of the Joint Chiefs of Staff, told a security forum in Washington, saying that at that point there was "nothing overtly aggressive" about Russia's actions.Continue... Pentagon Denies "Hollow" Media Reports On Impending Russian Invasion Of Ukraine added by Herman James on 11/13/2021View all posts by Herman J...Read More
Kelsey's Gold Facts, Released on 11/12/21Gold is real money. It is original money. It is the measure of value for everything else. Its value Continue... Gold Is Not An Investment; Not An Inflation Hedge added by Herman James on 11/13/2021View all posts by Herman James ?+'Read More
Quebec Precious Metals CEO Normand Champigny discusses how his company's sale of non-core assets is funding its gold exploration programs in the James Bay region of Quebec. Quebec Precious Metals has been successful to monetize its non-core assets as a source of funding for exploration and drilling programs for gold in the James Bay region of Quebec. Can you describe this monetization process and...Read More
US economy added 531,000 jobs in October, surpassing expectations. Gold reacted… in a bullish way, and jumped above $1,800!The October nonfarm payrolls came surprisingly strong. As the chart below shows, the US labor market added 531,000 jobs last month, much above the expectations (MarketWatch’s analysts forecasted 450,000 added jobs). So, it’s a nice change from the last two d...Read More
Gold finished solidly above the$1,800/oz level on Friday, marking the yellow metal’s best weekly close sincelate August. More importantly, gold may be breaking out of a largerconsolidation pattern that has been in force since prices peaked in August oflast year.Prices edged above thedescending triangle line – although perhaps not convincingly so.Ifthe breakout is real, then we should s...Read More
S&P 500 paused to a degree, but bonds didn‘t – we‘refar from a peak. That though doesn‘t mean a brief correction (having a properlook at the chart, sideways consolidation not reaching more than a preciouscouple of percentage points down) won‘t arrive still this month. It‘s aquestion of time, and I think it would be driven by tech weakness as the sectorhas re...Read More
Let’s face it, the metals are nothaving an easy time breaking out. Short-term rallies end up going nowhere andbearish signs are still in abundance.Yesterday’s session was once again quiteinformative, and so is today’s pre-market trading. In yesterday’s analysis, Iemphasized the importance of the relative weakness that we just saw in miningstocks, so let’s start with t...Read More
With the OPEC+ meeting on Thursday,oil looks to be in a corrective phase, as pressure is on for more crude. Are welooking at bearish winds ahead?Crude oil prices have started theircorrective wave, as we are approaching the monthly OPEC+ group meeting onThursday, with some market participants now considering the eventuality of alarger-than-expected rise in production. U.S. API Weekly Crude Oil Stoc...Read More