Pure Gold's mine in Red Lake is on track for its first pour this year.Read full newsRead More
Gold and copper may have some similarities. Beyond the obvious (they’re both metals), both commodities are indicators of market sentiment: gold prices track appetite for risk, while copper prices are an indicator of manufacturing strength or weakness.But as investments, these two metals satisfy two rather different investment strategies. Gold is a portfolio stabilizer, while copper is potent...Read More
Biosafety training at Cobre Panam??. (Image courtesy of Minera Panam??). Minera Panam??, a subsidiary of Canada's First Quantum Minerals (TSX: FM), asked the Panamanian Ministry of Health to allow the company to restart operations as soon as possible.This, after the Ministry placed the Cobre Panam?? operation on the last block of its gradual process to reactivate the country's economic sectors, a...Read More
Spill area. (Image courtesy of Nornickel). Russia's Vice-minister for Emergencies, Alexandr Chupriyan, expressed gratitude to the countries that have offered to help with the fuel spill in Siberia in which 20,000 tons of diesel leaked from a reservoir owned by MMC Norilsk Nickel PJSC.The breach at the Heat and Power Plant ?,,- 3 (HPP-3) took place on May 29, 2020. The plant is operated by Norilsk...Read More
The Earth & Moon. (Image by NASA/JPL/USGS). Researchers at the University of Central Florida created a geological model to give prospectors looking to mine the moon better odds of striking gold.Since finding the yellow metal on the moon is linked to the existence of rich deposits of water ice that can be turned into resources, like fuel, for space missions, the scientists created an Ice Favorabil...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.Vehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.The first deal for aluminium cif...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 47h year in the gold businessJUNE 2020By Michael Kosares, USAGOLD"To propose a return of inflation is to be inflammatory," writes Lightman Investment Management's Rob Burnett in an opinion piece for the Financial Times. "Investors are committed to a deflationary thesis and such is their fervor tha...Read More
Dear Friend of GATA and Gold:A European friend well known to us who prefers not to fall under even more surveillance in his own country sends the observations below, for which your secretary/treasurer will take the responsibility of sharing with you.His main point -- that huge volatility will be injected into the gold market to facilitate government intervention elsewhere in the world financial...Read More
By: Ira EpsteinGold has strong support around $1653.50+ / 18 week moving average. Momentum rolled over. Read More
Double EffectSecondary ConsequencesEven if We Get a Vaccine...Bottom LineShould you wear a mask in public? This seemingly simple question immediately generates emotional, political, and social anxiety.It is just one of many provocative questions COVID-19 is forcing upon us. They should be simple, data-driven policy issues but many are not.Today's letter is in a different format from the usual T...Read More
While the use of gold to protectagainst inflation is well known, it has other investment attributes that arepotentially even more valuable, and this is particularly true in times of crisis.In this analysis, we will examine therelative performance of gold and stocks (as represented by the S&P 500)between early February and late May, as the coronavirus pandemic and theresulting economic shutdown...Read More
By: Ira EpsteinGold has strong support around $1653.50+ / 18 week moving average. Momentum rolled over. Read More
The US Dollar Index is getting close to thebreakdown that will signal a massive Silver rally. A type of Silver rally thatwas last seen in the 70s, when Silver went from around $5 to $50.The market has virtually completed a fullcycle to set up the next Silver rally. See this long-term US Dollar Index chart: On the chart, I havemarked two fractals (1 to 3), with a fractal virtually representing...Read More
Could 2020 end, please? The pandemic is not over and the US suffers now from mass riots across the country. They could aggravate the coronavirus crisis and increase the demand for gold. On May 26, a black man, George Floyd, was killed by the police in Minneapolis, Minnesota. During his arrest – he allegedly used earlier a $20 counterfeit bill in a nearby store – the police officer put...Read More