Kitco News
(Kitco News) – Seabridge Gold (TSX:SEA) (NYSE:SA) announced Wednesday that it has successfully closed its previously announced bought deal financing for gross proceeds of US$115.7 million inclusive of the exercise of the entire over-allotment option held by the underwriters.
The post Seabridge closes US$115.7 million financing for Snowfield acquisition appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Lundin Gold (TSX, Nasdaq Stockholm: LUG) announced Tuesday its 2021 guidance, a 20% expansion of the mine and mill throughput and an 8% increase in Mineral Reserves estimates at its Fruta del Norte gold mine in Ecuador.
The post Lundin Gold expands Fruta Del Norte mine appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold and silver futures prices are lower at midday Wednesday, on normal corrective pullbacks from recent good gains.
The post Gold, silver see downside corrections after recent gains appeared first on WorldSilverNews.
Steve St. Angelo
Wed, 12/09/2020 – 07:55
Saxo Bank/Steen Jacobsen/12-8-2020
“While these predictions do not constitute Saxo’s official market forecasts for 2021, they represent a warning against the potential misallocation of risk among investors who might typically assign just a one percent chance of these events materializing. It’s an exercise in considering the full extent of what is possible, even if not necessarily probable, and particularly relevant in the context of this year’s unexpected Covid-19 crisis. Inevitably the outcomes that prove the most disruptive (and therefore outrageous) are those that are a surprise to consensus.”
USAGOLD note: Economic surrealism for the new year as seen through the eyes of analysts at the Netherland’s Saxo Bank …… an entertaining read. Many of you will find the forecast for silver particularly agreeable – a sizzling, jolt turbocharges the price higher.
The post Outrageous predictions: The future is now first appeared on Today’s top gold news and opinion.
Credit Bubble Bulletin/Doug Noland/12-4-2020
“Lost in the discussion is the fact that we’re in the throes of a historic experiment in central bank monetary management. The Fed some years ago abandoned the traditional mechanism of operating chiefly through the banking system with subtle adjustments to reserves and interbank lending rates – a process arguably superior at disbursing resources more proportionately throughout the economy. Having evolved over the past couple decades, the Fed now executes policy directly through the securities markets. Policy stimulus enters the system chiefly through massive purchases of Treasury and agency securities, creating liquidity excess for financial markets more generally. Moreover, low (now zero) rates foster stimulus effects through the promotion of leveraged speculation and by spurring speculative flows into higher-yielding (riskier) securities and other assets.”
USAGOLD note: We are still waiting for the Fed’s largesse to parade down Main Street. As it stands, the only parade thus far has been on Wall Street – a subject Noland more fully addresses at the link above.
The post Monetary disorder in extremis first appeared on Today’s top gold news and opinion.
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/2020/12/307677/ first appeared on Today’s top gold news and opinion.
FXStreet/Ryan Miller
“Over the last ten years, there have been several instances when the divergence between gold and real rates have resulted in big moves up in the price of gold in a short time span, which we are going to now take a look at.”
USAGOLD note: Miller goes on to present a series of charts to make his point and concludes the “recent weakness in gold is nothing more than a correction before rejoining its uptrend to higher prices.” A number of analysts over the past several months have pointed to negative real rates of return as bullish for gold.
Repost from 12-4-2020
The post Gold and real rates divergence could signal a big move in gold first appeared on Today’s top gold news and opinion.
MarketWatch/Chris Matthews/12-2-2020
“An all-star panel of economists implored Congress to pass a major new coronavirus stimulus package, with former U.S. Treasury Secretary Larry Summers making the argument that Washington politicians should become much more comfortable with large deficits and a growing national debt.”
USAGOLD note: We pass along this report as a heads up on the dominant mindset that will gain control of the executive branch of the federal government come January 20, 2021. In this same panel discussion, former Fed chairman Ben Bernanke advised that “we shouldn’t balance the budget anytime soon.” I doubt that anyone in that panel is particularly worried about such an outcome. Over the past fifty years, there has been just one in which the U.S. government ran a budget surplus – in 2001 during the Clinton administration.
Sources: St. Louis Federal Reserve [FRED], U.S. Department of Treasury, Fiscal Service
Click to enlarge
Repost from 12-4-2020
The post Former Treasury Secretary says debt to GDP ratio is ‘misleading and problematic’ first appeared on Today’s top gold news and opinion.
