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Silver

Gold & Silver Seeker Report: This Week in Mining Issue #23 – Silver Blast Off, Gold Nearing New All-Time High, and Countless Financings

Gold & Silver Seeker Report: This Week in Mining Issue #23 – Silver Blast Off, Gold Nearing New All-Time High, and Countless Financings

This week saw higher metal prices with the mining stocks performing well. Silver had an incredible week, being up >$1/oz. for two consecutive days. Silver reached on all-time high and had its best week in a long time. Like two weeks ago, there were countless financings for junior stocks again this week, which are listed below.

Chris Marchese
Fri, 07/24/2020 – 11:12

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Silver

Silver Price Daily Forecast – Silver Stays Near Resistance At $23.00 – $23.25 – FX Empire

Silver Price Daily Forecast – Silver Stays Near Resistance At $23.00 – $23.25  FX Empire
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Silver

Knockout week for gold price, silver price, what’s next? Weekly rundown – Kitco NEWS

  1. Knockout week for gold price, silver price, what’s next? Weekly rundown  Kitco NEWS
  2. Silver prices poised to outshine gold  Fox Business
  3. FOMO Spikes Gold and Silver Like 1980, 2011 Record Highs | Gold News  BullionVault
  4. Silver Prices Surge 20% in Five Days  Energy & Capital
  5. Silver Price Forecast: Long-term Bottom Confirmed – Key Levels for XAG/USD  DailyFX
  6. View Full Coverage on Google News
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Silver

Silver Price Forecast – Silver Markets Continue to Look Overbought – FX Empire

Silver Price Forecast – Silver Markets Continue to Look Overbought  FX Empire
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Gold

Why physical gold delivery on the COMEX in New York is elevated

VOIMA/Jan Nieuwenhuijs/7-22-2020

“Three elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.”

USAGOLD note:  Jan Nieuwenhuijs applies his strong analytical skills to the huge increase in COMEX gold warehouse stocks and includes a group of interesting charts to help make his point.

bar chart showing gold deliveries on the COMEX 2006 to presentChart courtesy of GoldChartsRUs.com  • • • Click to enlarge

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Gold

Deutsche Bank top credit strategist says he is a ‘gold bug’, fiat money ‘a passing fad’

ZeroHedge/Tyler Durden/7-22-2020

graphic image of golden scepter“What followed next was shocking as it came from the mouth of a respected legacy banker and not some tinfoil conspiracy theorist: admitting that he is ‘a gold bug’. Reid says that in his opinion, ‘fiat money will be a passing fad in the long-term history of money’, a shocking admission for most financial professionals who are expected who are expected to tow the Keynesian line and also believe in the primary of fiat and its reserve currency, the US Dollar.”

USAGOLD note:  Not the sort of thing, as Durden points, one would expect from the lead credit strategist at one of the world’s largest banks, but a warning just  the same how perilous the situation can become in the current monetary system.

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Gold

Addressing COVID-19 in Vulnerable Diamond and Gold Mining Communities – CSRwire.com

Addressing COVID-19 in Vulnerable Diamond and Gold Mining Communities  CSRwire.com
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Gold

Trump administration says massive Alaska gold mine won’t cause major environmental harm, reversing Obama – Seattle Times

Trump administration says massive Alaska gold mine won’t cause major environmental harm, reversing Obama  Seattle Times
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Gold

Gold stages the highest weekly closing price on record at $1899.80 an ounce – Kitco NEWS

  1. Gold stages the highest weekly closing price on record at $1899.80 an ounce  Kitco NEWS
  2. Gold rides to a record, with prospects for $2,000 an ounce stronger than ever  MarketWatch
  3. Gold Tops $1,900 for First Time Since 2011, Heads Toward Record  Yahoo Finance
  4. Gold Prices Set To Smash Record As Wall Street Shuns The Dollar  Forbes
  5. Gold breaks $1,900 per ounce barrier as Sino-US row drives flight to safety  CNBC
  6. View Full Coverage on Google News
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Gold

Gold breaks $1900 but silver steals the show – Kitco NEWS

Gold breaks $1900 but silver steals the show  Kitco NEWS