This upcoming Thanksgiving will be the most expensive ever, and inflation will continue to be a serious concern for investors, said Gary Wagner, editor of TheGoldForecast.com who advocates that gold is still the ultimate store of wealth.On a technical basis, gold is still in its consolidating phase, Wagner told David Lin, anchor for Kitco News. "A break above $1,880 [gold price] would really signa...Read More
I can't remember the last time I got a McDonald's ice cream.I've never liked it, probably because it's called an "ice cream product."So I didn't think much of it when I started seeing videos and memes going around the internet about how the McDonald's ice cream machines are always broken.Customers were even seen attacking McDonald's employees over this nonsense.But after the Federal Trade Commissi...Read More
(Kitco News) Despite worrying inflation levels, gold is not likely to surge over the next few years as the U.S. Federal Reserve begins to tighten its monetary policy stance, according to a report by Capital Economics."While our forecast that high inflation in the U.S. will be more persistent than the markets expect should ultimately mean that investors demand higher inflation compensation, we also...Read More
Since November 11 gold began to consolidate after completing the current leg of the most recent rally that began on November 4. The rally started one day after the conclusion of the November FOMC meeting. They announced that they would begin to taper their $120 billion asset accumulation later in the month. They announced that they would have a monthly reduction totaling $15 billion and continue t...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 continues to trade near a five-month highand despite its recent breakout rally, one international bank said that currentprices are still disappointing.In a report published Thursday, ana...Read More
By Tom WilsonLONDON, Nov 18 (Reuters) - Fraud and theft at decentralised finance platforms has totalled $10.5 billion so far this year, research showed on Thursday, laying bare the risks in the fast-growing but still mostly unregulated area of cryptocurrencies.So-called DeFi platforms allow users to lend, borrow and save - usually in cryptocurrencies - while bypassing traditional gatekeepers of fi...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) -Gold and silver prices are moderately lower in midday U.S. trading Thursday, on routinedownside corrections and light profit taking from the shorter-term futurestraders. December gold was last down $7.7...Read More
Mr. Michael Hudson reports HANNAN ANNOUNCES AGM RESULTSHannan Metals Ltd. has released the results from its annual general meeting of shareholders held on Thursday, Nov. 18, 2021, in Vancouver, B.C.Shareholders holding a total of 22,654,988 common shares were represented in person or by proxy at the AGM, representing 24.84 per cent of the votes attached to all outstanding common shares of the comp...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 is in a sweet spot and has the potential to hit$1,950 an ounce as inflation pressures continue to build, according to analystsat CIBC.Not only has the gold market broken out of a five-mo...Read More
Mr. Jeffrey Wilson reportsPRECIPITATE IDENTIFIES MULTIPLE PRIORITY TARGETS AT MOTHERLODE GOLD PROJECT IN NEWFOUNDLAND CANADA WITH COMPREHENSIVE DATA COMPILATIONPrecipitate Gold Corp. has released the latest target refinement results derived from an expanded compilation and review of historical data from the company's Motherlode gold project within the Burin peninsula of Southern Newfoundland, Can...Read More
(Kitco News) The initial weekly jobless claims declined by 1,000 to 268,000 in the week to Saturday, slightly disappointing market expectations but still marking a new pandemic low.Economists' consensus calls projected for initial claims to come in at 260,000 following the revised level of 269,000 reported in the previous week. Gold rose from daily lows following the data release, with December C...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) - Commerzbank commodities analyst Daniel Briesemann has picked up a narrative that some had been wondering about since the whole meme stock fiasco. The Reddit trading group did start to look at silv...Read More
2022 is just around the corner and with tax loss selling in Canada, investors and traders will be wondering what sectors will be in the money next year. One of the commodities that a lot of metal watchers and analysts these days are talking about is silver. One reason is that silver is the most undervalued commodity and according to many it is also the most suppressed commodity. Looking forward th...Read More
Mr. David Stein reportsKUYA SILVER ACQUIRING STRATEGIC LAND POSITION AROUND BETHANIA PROJECTKuya Silver Corp.'s wholly owned Peruvian subsidiary, Kuya Silver Peru SAC, has won claims covering approximately 1,800 net hectares in the immediate vicinity of the Bethania mine, to which mining concessions will be granted. The new concessions will be registered as Tres Banderas 03, Tres Banderas 04, Tres...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 prices are lowerin early U.S. trading Thursday. A price uptrend on the daily bar chart is in jeopardy and the bulls need to show freshpower soon to keep it alive. More selling pres...Read More
Mr. Scott Berdahl reportsSNOWLINE GOLD EXTENDS HIGH GRADE FOOTPRINT WITH 13.7 GRAMS PER TONNE GOLD OVER 3.6 METRES AT ITS JUPITER ZONE, EINARSONSnowline Gold Corp. has released additional assay results from phase 1 drilling at the Jupiter zone on its district-scale Einarson gold project in Yukon, Canada. The highlight of these results are from hole J-21-015, which was collared 153 metres northwest...Read More
* Dollar dips from 16-month highs as rally takes a pause* Gold could trade in $1,850-$1,875 range in near term-analyst* Silver demand could rise this year-Silver InstituteNov 18 (Reuters) - Gold prices edged lower on Thursday as investors remained torn over how fast the U.S. Federal Reserve will taper its monetary stimulus and raise interest rates after the recent strong inflation data out of the...Read More
Mr. Quentin Yarie reportsRED PINE CLOSES C$8,400,405 "BOUGHT DEAL" PRIVATE PLACEMENT OF FLOW-THROUGH SHARESRed Pine Exploration Inc. has closed its previously announced bought deal private placement with Haywood Securities Inc., as sole underwriter and bookrunner. The offering consisted of 12,923,700 flow-through shares of the company, including the full exercise of the underwriter's option, at a...Read More
Mr. Darren Hall reports CALIBRE MINING APPOINTS DAVID SPLETT AS SENIOR VICE PRESIDENT & CHIEF FINANCIAL OFFICER Calibre Mining Corp. has appointed David Splett as senior vice-president and chief financial officer, effective Nov. 29, 2021.Darren Hall, president and chief executive officer of Calibre, stated: "I am delighted to welcome David Splett to the Calibre team as SVP and CFO. David's dem...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 18 that are worth another look.Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.Production of key battery raw materials cobalt...Read More