Kitco News
(Kitco News) – Surge in retail selling activity hits jewelers and dealers; shortages cause silver premiums to rise again
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Kitco News
(Kitco News) – IAMGOLD said it is restarting operations at Rosebel Gold Mine after the mine was cleared by medical experts.
The post IAMGOLD announces a restart of operations at Rosebel Gold Mine appeared first on WorldSilverNews.
Kitco News
(Kitco News) – It is important to have at least 10% of your assets in gold, but investors can’t forget about choosing the days when to get into the market wisely, said CNBC’s Jim Cramer.
The post ‘I don’t like the idea that people don’t have exposure to gold’, but choose your buying days wisely, says Jim Cramer appeared first on WorldSilverNews.
Kitco News
(Kitco News) – The results of its preliminary feasibility study (PFS) show that Teranga’s SabodalaMassawa Gold Complex has the potential to be a top-tier, low-cost gold mine in Senegal, West Africa, the company said.
The post Teranga sees potential to create top-tier mining project in Senegal appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Brace for major market correction should China-U.S. conflict become ‘real’
The post Brace for major market correction should China-U.S. conflict become ‘real’ appeared first on WorldSilverNews.
For the first two and half hours, the spot price is not moving. So, the only way the basis can drop is if the price of the September silver future is dropping. In other words, selling of futures. But while that was going on, there was enough buying of spot to keep it steady.
Then, perhaps some market participants became aware of the buying of spot. Or perhaps some other buyers got excited. Somebody was buying in size, because between around 2:30 and 3:00am, the price shot up from around $23.10 to $24.40. +$1.30.
Keith Weiner
Tue, 07/28/2020 – 17:08
As you may have noticed, people just aren’t making transactions with coinage like they used to. That’s especially the case now in the age of the coronavirus. With many people sheltering-in-place, billions of dollars in everyday purchases are being made online that in normal times would have happened at the cash register.
This is creating a national coin shortage.
Frank Holmes
Tue, 07/28/2020 – 16:25
Bloomberg/Steven Frank, Vivien Lou Chen and Elena Mazneva/7-25-2020
“The virus has unleashed a torrent of forces that are conspiring to fuel relentless demand for the perceived safety from turmoil that gold provides. There’s the fear of further government-ordered lockdowns; and politicians’ decision to push through unprecedented stimulus packages; and central bankers’ decision to print money faster than they ever have before to finance that spending; and the plunge in inflation-adjusted bond yields into negative territory in the U.S.; and the dollar’s sudden decline against the euro and yen; and rising U.S.-China tensions.”
USAGOLD note: And those are just the most immediate concerns. Sometimes the black swan exposes, even releases, other dangers that have been lying in wait. Perhaps, as many have suggested, that is the case with the coronavirus – perhaps not. Time will tell. On the complacency issue, we are reminded of Benjamin Franklin’s maxim – “By failing to prepare you are preparing to fail.”