Kitco News
(Kitco News) – Investments into gold ETFs are likely to tumble next year, according to Citi, which is downgrading its 2021 gold price forecast.
The post Investments into gold ETFs to tumble in 2021, weighing on gold price – Citi appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Azure Minerals (ASX:AZS) said last week that it received commitments to place 50.0 million shares at $0.74 per share to raise A$37 million through clients of Euroz Hartleys.
The post Azure closes A$37.0 million for Andover nickel-copper drilling appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Abcourt Mines (TSXV:ABI), (OTC:ABMBF) reports its results today for the first quarter of the financial year 2021. All amounts are in Canadian dollars unless otherwise indicated.
The post Abcourt turns net loss into profit in quarter ended September 30, 2020 appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Clarity Gold (CSE: CLAR, OTC: CLGCF, FSE: 27G) has been granted an option agreement on Big Ridge Gold’s Destiny project.
The post Clarity Gold acquires option on Abitibi region project appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Generation Mining (TSX:GENM) said today it completed all the requirements to earn an 80% interest in the Marathon palladium-copper project.
The post Generation Mining meets Sibanye-Stillwater’s milestone appeared first on WorldSilverNews.
https://www.reuters.com/article/idUSKBN28A1Y3
SilverSeek.com
Mon, 11/30/2020 – 09:52
CNBC/Lizzy Gurdus/11-25-2020
“Gold’s 2021 prospects look bright. Citigroup in recent weeks came out with a $2,500 price target on the yellow metal for 2021, comparing its mosaic of catalysts to that of gold’s 1970-1980 bull market.”
USAGOLD note: Some might question Citigroup’s call after a week that saw the metal plunge almost $100, but gold has a long history of recovering from these kinds of selloffs. Graniteshare’s Will Rhynd, one of the analysts interviewed at the link above, says “the conditions that drove gold to an all-time high this year are very much still in place.” In fact, even with gold’s correction this week taken into account, the metal is still up almost 17% year to date through Friday’s close.
Chart courtesy of TradingView.com • • • Click to enlarge
The post Analysts parse Citigroup’s call for 00 gold first appeared on Today’s top gold news and opinion.
Blain’s Morning Porridge/Bill Blain/11-26-2020
“The challenge of the next 10-years will be unwinding all these effect. If you were to simply unwind QE and raise rates – the result will be the most utter and complete market wipe-out of all time. It will destroy investment savings, markets and collapse nations as confidence in fiat money and government debt evaporates.”
USAGOLD note: Blain at his best …… He touches on themes covered in-depth in the December issue of News & Views (our monthly newsletter) to be released shortly.
The post The GFC 2007-2013 first appeared on Today’s top gold news and opinion.
