“”silver price”” – Google News
Market futures up despite record increase in COVID-19 cases www.mining-journal.com
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Month: July 2020
“”silver price”” – Google News
Silver’s Stock-To-Flow Ratio And Why It Matters Seeking Alpha
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Silver Price – BingNews
The silver stock-to-flow ratio is potentially helpful in understanding silver’s abundance or scarcity relative to another resource.
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Yahoo! Finance: SI=F News
Mine financing company Triple Flag Precious Metals Corp said on Sunday it has agreed to pay $550 million upfront as part of a streaming financing deal with China Molybdenum Co Ltd (CMOC) for future production of precious metals at CMOC’s Northparkes mine in Australia. The deal, between units of the two companies, gives Triple Flag rights to a majority of gold and silver to be produced at the mine in New South Wales until the Toronto-based company receives 630,000 ounces of gold and 9 million ounces of silver. Thereafter, Elliott Management-backed Triple Flag would continue to receive less than half of the gold and silver produced at the mine.
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Ted Butler: The Silver Pressure Cooker; hefty deposit into SLV
There was a small withdrawal from GLD yesterday, as an authorized participant removed 11,591 troy ounces. But there was another pretty hefty deposit into SLV yesterday, as an a.p. added 4,843,904 troy ounces.
The new short reports came out for SLV and GLD yesterday. The short position in SLV rose from 16.61 million shares/troy ounces, up to 17.47 million shares/troy ounces…an increase of only 5.17 percent, which is basically nothing at all. The short position GLD fell from 1,090,000 troy ounces, down to 877,000 troy ounces…a fairly hefty decline of 19.58 percent. The short positions in both these ETFs are very tiny — and not at all significant.
Ed Steer
Sun, 07/12/2020 – 04:39
The Hill/Kristin Tate/7-5-2020
“A combination of the coronavirus pandemic, economic uncertainty, and social unrest is prompting waves of Americans to move from large cities and permanently relocate to more sparsely populated areas. The trend has been accelerated by technology and shifting attitudes that make it easier than ever to work remotely. Residents of all ages and incomes are moving in record numbers to suburban areas and small towns.”
USAGOLD note: Slightly off-topic, but an idyllic escape is something a good many precious metals’ owners are contemplating, if not already acting upon – especially those, as this article explains, who are in a position to do so, both professionally and financially. We see this as a social trend that was in motion before the pandemic hit – made possible, as pointed out in the quote above, by advanced technology. By the way, Financial Times this morning features a similar story about Londoners moving to wider spaces.
Bloomberg/John Authers/7-9-2020
Click to enlarge
“It is time for the investment regime to change. That is what happens after a major international financial crisis, and we certainly had one of those earlier this year. We also have a remarkably strong and persistent ancien regime, which has lasted ever since the last crisis and is in need of change. Rates and inflation have been low, inequality has grown, and American assets have massively and consistently outperformed the rest of the world.”
USAGOLD note: Authers, the long-time market analysts who commands considerable respect for his ongoing analysis, hoists the warning flag saying many of the orthodoxies under which we have operated in the past will be ‘reversed’. A must-read at the link ……
Reuters/Anjishnu Mondal/7-10-2020
“Goldman Sachs expects gold to benefit if China, the world’s top retail buyer, recovers much strongly from a second wave of COVID-19 cases than the United States, and reinforced its $2,000 an ounce target for bullion prices.”
USAGOLD note: We sometimes lose sight of the fact that gold has made its recent push over the $1800 mark in the absence of strong support from either China or India – the two countries with the largest appetites historically for physical gold.
Gold Price Analysis: XAU/USD seesaws around $1,800 amid mixed sentiment FXStreet
Gold Price Analysis: XAU/USD pierces $1,800 inside short-term bullish flag FXStreet