Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) Gold is “one of most undervalued” assets currently available, according to one American investment management firm. New York-based Elliott Management made the claim
— Published: Wednesday, 13 May 2020 | Print | Disqus Thomas Luongo There’s been a concerted effort recently among the oligarchs I like to call The Davos Crowd to demonize cash. From hedge fund manager Ray Dalio pronouncing ‘Cash is trash’ earlier this year to the fear-mongering surrounding COVID-19 making people fearful of dealing in
— Published: Wednesday, 13 May 2020 | Print | Disqus By Ricky Wen Overnight price action overshot to 2830 support on the Emini S&P 500 (ES), bottoming out at 2825.25, as price was oversold given the 100-point drop from the 2930s. As of the regular trading hours open, the ES was around the same spot
LONDON, May 13 (Reuters) – Elite athletes should adhere to government guidelines on social distancing unless an exception has been made when they restart training, Britain said in guidance for how sports can resume after the coronavirus lockdown. “Organised training should only be resumed where government guidelines on social distancing can be adhered to, considering
LONDON (Reuters) – Multiple Olympic champion Mo Farah says the postponement of the Tokyo Games to 2021 could work to his advantage as the Briton will now have around 20 months to train for the defence of his 10,000m title having switched his focus back to the track. The 37-year-old retired from track athletics in
LOS ANGELES (Reuters) – As Hollywood tries to figure out how to resume production of movies and TV shows in the coronavirus era, one sector may be better prepared than others to deal with the challenges. Porn actresses line-up at the opening of the “Venus” erotic fair in Berlin October 17, 2013. The event, which
PARIS (Reuters) – Neighbourhood bookstores in France survived the television and later the advent of online shopping. Then came the coronavirus lockdown, an eight-week-long hiatus that has weighed heavily on profit margins and threatens the survival of some stores. Bookseller Philippe Seyrat, wearing a protective face mask, arranges books at La Sorbonne bookstore in Nice
BRUSSELS (Reuters) – The European Union’s borders must reopen fast as coronavirus transmissions ease, with air passengers wearing masks, the bloc’s executive was to say on Wednesday in efforts to salvage the ravaged tourism sector for the lucrative summer season. FILE PHOTO: A view shows the empty beach of the Promenade des Anglais in Nice
WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Tuesday called on the government of Afghanistan and the Taliban to cooperate to bring to justice the perpetrators of attacks on a hospital and a funeral that killed dozens of people, including two newborn babies. FILE PHOTO: U.S. Secretary of State Mike Pompeo speaks about
BRUSSELS (Reuters) – Shoppers cut spending on ready-made meals and bought more fruit and vegetables, turning to healthier eating during coronavirus lockdowns, preliminary results of a research project showed. Vegetables are seen in a shop specialising in organic food and natural products in Halle, Belgium May 12, 2020. Picture taken May 12, 2020. REUTERS/Yves Herman
LONDON (Reuters) – British researchers will study the genes of thousands of ill COVID-19 patients to try to crack one of the most puzzling riddles of the novel coronavirus: why does it kill some people but give others not even a mild headache? FILE PHOTO: Small bottles labeled with a “Vaccine COVID-19” sticker and a
TOKYO (Reuters) – Launched amid the mounting scare over the coronavirus, a Japanese video chat website designed for hosting virtual drinking parties has soared in popularity while bars and pubs remain shut. Participants of the online drinking party service “Tacnom” are seen on Anzu’s laptop screen at his house in Yokohama, Japan May 2, 2020.
A vending machine that dispenses masks made by Razer is seen in Singapore in May 2020. Razer/Handout via REUTERS SINGAPORE (Reuters) – Gaming hardware maker Razer Inc (1337.HK) plans to dispense its locally produced masks in Singapore through a network of vending machines across the city-state, where it has become compulsory to wear them in
TOKYO (Reuters) – With his Olympics preparations in tatters, Japanese fencer Ryo Miyake has begun delivering food for Uber Eats as a way to keep up his fitness and bring in a little extra cash during the enforced coronavirus lockdown. Japan’s Olympic fencing medallist Ryo Miyake cycles as he works his part-time job as Uber
May 12 (Reuters) – Golfers and caddies returning to the PGA Tour next month will face a battery of tests and safety measures as they adjust to tournament golf in the era of novel coronavirus. Golf Channel said on Tuesday it had seen the 37-page health and safety document being sent to players as the
DETROIT (Reuters) – Factory workers began returning to assembly lines in Michigan on Monday, paving the way to reopen the U.S. auto sector but stoking fears of a second wave of coronavirus infections as strict lockdowns are eased across the country. With millions of Americans out of work and much of the economy at a
MUMBAI (Reuters) – The Pakistan Cricket Board (PCB) will not rush into a decision about their upcoming tour of England amid the ongoing COVID-19 crisis, Chief Executive Wasim Khan has said. England are scheduled to host the South Asian side for three tests from July 30, followed by three Twenty20 internationals, but with the UK
(Reuters) – The PGA Tour plans to use chartered planes to shuttle golfers and caddies between tournaments when the circuit returns from its coronavirus hiatus at the Charles Schwab Challenge in June, said Kevin Streelman. FILE PHOTO: Mar 5, 2020; Orlando, Florida, USA; Kevin Streelman watches his drive on the 18th hole during the first
TORONTO (Reuters) – Canadian singer Bryan Adams apologized on Tuesday for a social media post in which he blamed “bat eating, wet market animal selling, virus making greedy bastards” for the novel coronavirus. FILE PHOTO: Singer Bryan Adams performs on stage at the 2016 Juno Awards in Calgary, Alberta, Canada, April 3, 2016. REUTERS/Mike Ridewood
DUBAI (Reuters) – The world’s tallest building, Dubai’s 828-metre Burj Khalifa, has become a glowing charity donation box, raising money for food for United Arab Emirates residents suffering the economic impact of the new coronavirus pandemic. Each of the tower’s 1.2 million external lights was ‘sold’ for 10 dirhams ($2.70), enough to buy one meal.
WASHINGTON (Reuters) – Leading U.S. infectious disease expert Anthony Fauci on Tuesday warned Congress that a premature lifting of lockdowns could lead to additional outbreaks of the deadly coronavirus, which has killed 80,000 Americans and brought the economy to its knees. Fauci, director of the National Institute of Allergy and Infectious Diseases, told a U.S.
KABUL/JALALABAD (Reuters) – Gunmen disguised as police attacked a hospital in the Afghan capital Kabul on Tuesday, killing 16 people including two newborn babies from a maternity clinic run by the international humanitarian organisation Doctors Without Borders. In a separate attack the same day, a suicide bomber struck the funeral of a police commander, attended
NEW YORK (Reuters) – Oil prices rose on Tuesday, after OPEC’s de facto leader, Saudi Arabia, said it would increase supply curbs in June, while other members of the oil-producing group said they want to extend the deep cuts reached in April for a longer period than originally agreed. FILE PHOTO: Western Canadian canola fields
FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen after they announced a Phase 3 Trial of the investigational antiviral drug Remdesivir in patients with severe coronavirus disease (COVID-19), during the outbreak of the coronavirus disease (COVID-19), in Oceanside, California, U.S., April 29, 2020. REUTERS/Mike Blake/ (Reuters) – India’s Jubilant Life Sciences Ltd said on