Kitco News
(Kitco News) – Santacruz Silver Mining (TSX.V:SCZ) today reported that its has reached agreement with Minera Cedros, a wholly owned subsidiary of Industrias Peñoles, to extend the current mine lease on the Zimapan mine from December 31, 2020 to June 30, 2021.
The post Santacruz Silver extends Zimapan mine lease, advances acquisition process appeared first on WorldSilverNews.
Kitco News
(Kitco News) – While gold will continue to attract a lot of attention in 2021 as prices are expected to reach new all-time highs, analysts at Commerzbank are suggesting that investors keep their eyes on silver.
The post Silver price to rally 30% in 2021 as industrial demand bounces bank – Commerzbank appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold’s bull rally started in earnest in mid-2019, and even after its unprecedented drive this past year, the best is yet to come, according to commodity analysts at Commerzbank.
The post 2020 was just the start, Commerzbank sees gold prices rising to $2,300 in Q4 2021 appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold’s only ‘threat’ is this asset; faces ‘existential crisis’ says Rick Rule
The post Gold’s only ‘threat’ is this asset; faces ‘existential crisis’ says Rick Rule appeared first on WorldSilverNews.
NewsMaxFinance//Interview of Mohamed El-Erian/12-11-2020
“We are looking at a high probability of a vicious cycle. Public health is deteriorating… policy is not doing anything. The economy is slowly going into recession in Europe, and people are becoming more hesitant to interact socially and economically. Unless we move on policy and health, you and I unfortunately will be talking about this vicious cycle for quite some time.” – Mohamed El-Erian, Queen’s College of Cambridge University
USAGOLD note: El-Erian has been one of the realists through all of this. He is now more concerned than ever about the “disconnect between Wall Street and Main Street” ……
The post El Erian: Investors making money while holding their noses first appeared on Today’s top gold news and opinion.
Seeking Alpha/Paul Franke/12-11-2020
“Measured from the generational low in gold prices under $300 an ounce between 1999-2001, the best time of the year to own this hard money, store of value has been during the winter months of December through February. (Using longer-term data analysis over many decades, early December to late February has equally proven a terrific time to own gold.) In this article I will explore the bullish seasonal period now beginning, from December 13th to February 13th specifically. This 2-month span may be ‘the’ smartest time of the year to own gold. And, after months of price decline and renewed skepticism about gold, the odds look to favor a sharp upmove yet again this annual cycle.”
USAGOLD note: We’ve called attention to gold’s seasonal inclinations in the past. In this article, Franke takes the historical record up to date with some observations on current market psychology. “Gold is increasing in value,” he says, “as a money printing hedge. As far as I can tell, Biden and the Democrats will side with the Federal Reserve’s weak outlook diagnosis and continue to stimulate economic demand through deficit spending, while printing new cash in 2021 to keep our economic future on track.”
Chart courtesy of GoldChartsRUs.com • • • Click to enlarge
The post Gold’s seasonal rally is beginning first appeared on Today’s top gold news and opinion.
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