“”silver price”” – Google News
Alexco produces first concentrate at Keno Hill silver mine in Yukon MINING.com
The post Alexco produces first concentrate at Keno Hill silver mine in Yukon – MINING.com appeared first on WorldSilverNews.
Month: November 2020
Categories
Pebble project permitting denied
Kitco News
(Kitco News) – Northern Dynasty Minerals (TSX: NDM; NYSE American: NAK) announces that today, its 100%-owned, US-based subsidiary Pebble Limited Partnership received formal notification from the US Army Corps of Engineers (“USACE”) that its application for permits under the Clean Water Act and other federal statutes has been denied.
The post Pebble project permitting denied appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Equity markets are holding near record highs and growing positive investment sentiment is weighing on gold prices. Still, one research firm said that the precious metal will remain the top commodity to own in 2021.
The post Gold remains top commodity in 2021; oil is at the bottom – CRU appeared first on WorldSilverNews.
Categories
Another COMEX Price Smash (GoldSeek)
Another COMEX Price Smash (GoldSeek)
Craig Hemke
Wed, 11/25/2020 – 07:23
Craig Hemke
Wed, 11/25/2020 – 07:23
Categories
The post https://www.usagold.com/cpmforum/2020/11/320384/ first appeared on Today’s top gold news and opinion.
Categories
Gold for central banking 2020
Central Banking/Rachael King/November 2020
“This year, the Covid-19 pandemic and the reaction from central banks had a significant impact on the price of gold. Over the past few decades, central banks have viewed gold as a ‘safe-haven asset’ – an investment that can be used to dodge the impact of negative sovereign bond yields and act as a safeguard against inflation. Against the backdrop of the pandemic, gold has rarely appeared more attractive. However, in August, central banks became net gold sellers for the first time in approximately 18 months, highlighting the competing demands on investment strategies.”
USAGOLD note: This pdf document from Central Banking magazine is a compilation of studies linked individually here over the past couple of weeks – a nice package that can be stored for future reference. If I might make a brief comment, central banks store gold for the same reasons as most individual investors – to have as a long-term store of value. That positioning implies using the metal when needed. For some central banks, the pandemic has presented the need for liquidity. This study concludes that nothing has changed among central banks with respect to their long term views of gold. Should stability return, so will the steady additions to aggregate central bank reserves – with a few new parties likely to join the quest given the lessons learned.
The post Gold for central banking 2020 first appeared on Today’s top gold news and opinion.
South China Morning Post/He Huifeng and Guo Rui/11-22- 2020
“The Chinese currency is set to play a bigger role in global trade and investment in the wake of the pandemic, with the dominance of the US dollar in the international monetary system expected to decline, two Chinese central bank officials said on the weekend. “Whether you look at interest rates or exchange rates, yuan assets have clear advantages now [against assets denominated in other currencies],” Ding [Zhijie, head of research center at State Administration of Foreign Exchange] said …”
USAGOLD note: This prediction sounds very similar to the one Goldman Sachs made a few months back – only in this instance it is coming from the Peoples Bank of China. A bigger role for the yuan and a reduced role for the dollar, if it were to actually materialize, could diminish overall demand for the greenback and accrue as a positive for gold demand globally. The just-concluded Regional Comprehensive Economic Partnership – a trade deal signed by 15 Asian countries including China but excluding the United States – could provide a boost to China’s ambitions as stated in this article. Some might think the Biden administration will move to remedy the U.S. exclusion from that partnership, but we should keep in mind that the anti-China sentiment runs deep in Washington and is not strictly a Republican phenomenon.
The post China central bank officials see bigger global role for yuan as US dollar wanes first appeared on Today’s top gold news and opinion.
Categories
Ready to include a safe haven in your portfolio plan?
DISCOVER THE USAGOLD DIFFERENCE
ORDER DESK: 1-800-869-5115 x100/orderdesk@usagold.com
ORDER GOLD & SILVER ONLINE 24-7
The post https://www.usagold.com/cpmforum/2020/11/307677/ first appeared on Today’s top gold news and opinion.
Reuters/Staff
“’When viable, widely distributed vaccines hit the market, we believe that this will catalyze the next leg lower in the structural USD downtrend we expect,’ the U.S. bank said in a research note.”
USAGOLD note: Accelerating a major drop in the value of the dollar is not one of the side-effects we would have guessed the result of a vaccine. Citibank is one among a growing pool of analysts who think things could get dicey for the dollar in 2021.
Repost from 11-18-2020
The post Citibank says vaccine distribution could cause 20% dollar drop in 2021 first appeared on Today’s top gold news and opinion.
- Army Corps of Engineers Denies Permit To Controversial Alaska Gold Mine NPR
- Army Corps denies permit for massive gold mine proposed near Bristol Bay in Alaska The Washington Post
- Permit Denied for Pebble Mine Project in Alaska The New York Times
- Trump administration denies permit for Pebble mine in Southwest Alaska Anchorage Daily News
- Trump administration denies planned mine near Alaska fishery The Associated Press
- View Full Coverage on Google News