OFF THE WIRE

Republican resistance stalls President Bidens enactment of $1.9 trillion relief bill
Kitco Commentary - Jan 22, 2021 06:47PM(Kitco News) - Prior to this weeks presidential inauguration President Biden detailed the administrations plan to address the health and economic crisis created from the global pandemic.

Gold/silver/bitcoin: It's about to get 'Choppy'
Kitco Commentary - Jan 22, 2021 04:36PM(Kitco News) - What a choppy week in the markets overall, making it difficult to establish long term core positions.

Yellen wins unanimous Senate panel vote for Treasury despite Republican tax, debt concerns
Reuters - Jan 22, 2021 11:31AM(Kitco News) - The Senate Finance Committee unanimously approved Janet Yellens nomination as the first Treasury secretary, indicating that she will easily win full Senate approval, but Republicans called for her to work with them in developing economic policies.

Area Play: M&A on the Abitibi Greenstone Belt in Quebec
Kitco Commentary - Jan 22, 2021 09:27AM
Gold fails to take out resistance
Kitco Commentary - Jan 22, 2021 09:12AM
Biden to sign order to increase pandemic-related food aid
Reuters - Jan 22, 2021 08:48AMWASHINGTON (Reuters) - U.S. President Joe Biden on Friday will sign two executive orders aimed at speeding pandemic stimulus checks to families who need it most and increasing food aid for children who normally rely on school meals as a main source for nutrition.

Biden's rescue plan will give U.S. economy significant boost: Reuters poll
Reuters - Jan 22, 2021 08:36AMBENGALURU (Reuters) - U.S. President Joe Biden's proposed fiscal package will boost the coronavirus-hit economy significantly, according to a majority of economists in a Reuters poll, and they expect it to return to its pre-COVID-19 size within a year.

Dollar inches up after three-day losing streak; risk currencies fall
Reuters - Jan 22, 2021 07:44AMLONDON, Jan 22 (Reuters) - The dollar edged slightly higher on Friday after three straight days of losses, and riskier currencies fell, as bleak economic data gave global equity markets reason to pause after another week of record highs.

METALS-Copper slips as China's coronavirus outbreak raises demand fears
Reuters - Jan 22, 2021 07:39AMLONDON, Jan 22 (Reuters) - Copper fell on Friday alongside stock markets and oil prices as poor economic data and new coronavirus restrictions in China, the world's biggest raw materials consumer, weakened the outlook for economic growth and demand.

Copper dips as China's rising COVID-19 cases spook demand outlook
Reuters - Jan 21, 2021 09:52PMCopper prices fell on Friday on worries that demand from top consumer China will be dampened due to the country's rising coronavirus cases that could trigger further restrictions.

President Biden wastes no time in deploying executive orders
Kitco Commentary - Jan 21, 2021 08:06PM(Kitco News) - In a similar manner to the dual mandate enacted by the Federal Reserve, President Biden began his first week issuing executive orders beginning with resolutions to deal with the national emergency which is the eradication of the pandemic and its effect upon the economy.

Dollar slides for third day on U.S. data, stimulus expectations
Reuters - Jan 21, 2021 04:17PMNEW YORK (Reuters) - The dollar fell for a third straight session on Thursday, with investors seeking out higher-yielding currencies, as a slew of better-than-expected U.S. data and continued optimism about a massive stimulus package spurred hopes of a recovery in the world's largest economy.
