Kitco News
(Kitco News) – “I am pleased to report that, to date, more than 220 employees at Holt Complex, from a total workforce of 475 people, have been re-assigned to new positions, or have recently been offered new roles within the organization.”
The post Kirkland extends Holt Complex suspension, workers are re-assigned appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Platinum Group Metals is seeking other options to advance the project now Impala Platinum will not be partnering with Platinum Group Metals.
The post Platinum Group Metals works towards permits appeared first on WorldSilverNews.
Kitco News
(Kitco News) – “It is our strong view that the success of our industry in these very uncertain times, requires better alignment between producers, manufacturers, and retailers to establish a healthier, more efficient global diamond supply chain. We are excited to be working with HB to support this new paradigm,” said Thomas in a news release.
The post Lucara finds ‘novel’ arrangement to move its unsold, large diamonds appeared first on WorldSilverNews.
This was the topic of discussion a few days ago when I was invited onto Jason Burack’s Wall St. For Main St. Program, where we discussed what’s happening now in the silver market, as well as what to expect next.
Chris Marcus
Thu, 07/16/2020 – 12:38
Steve St. Angelo
Thu, 07/16/2020 – 04:20
Bloomberg/Eddie van der Walt/7-15-2020
“Diego Parrilla, who heads the $450 million Quadriga Igneo fund, says unprecedented monetary stimulus is fueling asset bubbles and corporate debt addiction — rendering interest-rate hikes impossible without an economic crash. In the ensuing market mania, the manager whose portfolio is loaded up with cross-asset hedges says gold could rise to $3,000 to $5,000 an ounce in the next three to five years, up from the current price of $1,800.”
USAGOLD note: Forecast and rationale contained within one short, impactful paragraph …… Parilla is in search of “anti-bubbles” that take advantage of “key bubbles”. Fiat money is in a “key bubble” with gold being its “anti-bubble” – hence the big number forecast for the latter.
CNBC/Sam Meredith/7-14-2020
“’The oil-gold ratio has historically been a poor indicator of future oil prices,’ Morgan Stanley’s Martijn Rats and Amy Sergeant said in a research note published Monday. ‘However, it is interesting at its extremes.’ Crude futures tend to be supported during periods of high inflation, while gold is traditionally used as a hedge against inflation. This positive correlation has often meant higher oil prices have coincided with higher gold prices, although one does not directly impact the other.”
USAGOLD note: As the chart below shows, we were at an extreme at 91 barrels per ounce in March. Things have calmed since then with the ratio now at 45:1. Morgan Stanley sees “the backdrop” as bullish for oil.
Chart courtesy of MacroTrends.net