Mining Weekly Diamond, responsible jewellery councils ink partnership agreement Creamer Media’s Mining Weekly
Month: March 2021
Kitco News
(Kitco News) – Dynacor Gold Mines (TSX-DNG), an international gold ore industrial corporation servicing artisanal and small-scale miners, today announced US$11.9 million (unaudited) in sales for February 2021 compared to US$5.8 million (unaudited) in February 2020, a 105% increase.
The post Dynacor reports 105% gold sales growth in February appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Metalla Royalty & Streaming (NYSE American: MTA) (TSXV: MTA) announced Tuesday that it has entered into a purchase and sale agreement to acquire an existing 1-2% net smelter return royalty on OZ Minerals’ CentroGold project (Brazil) from Jaguar Mining.
The post Metalla Royalty acquires royalty on one of the largest undeveloped gold projects in Brazil appeared first on WorldSilverNews.
Kitco News
(Kitco News) – The gold market continues to struggle as bond yields hold near a one-year high above 1.6%; however, one market analyst said there is a strong floor as the bond market selloff cannot last much longer.
The post 2% bond yield would force the Fed to act, and that is good for gold price – Chantelle Schieven appeared first on WorldSilverNews.
Yahoo! Finance: SI=F News
A combination of vaccine program setbacks and high crude stock levels saw oil prices fall at the start of the week, although bullish sentiment remains
The post Oil Rally Halted As European Vaccination Campaign Stalls appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Trans-Siberian Gold (TSG.LN), a low cost, high grade gold producer, announced today an update of the mineral resource estimate for the Asacha gold mine in Kamchatka, Far East Russia.
The post Trans-Siberian Gold grows resources in Russia appeared first on WorldSilverNews.
Raise Exposure to Silver Through this Trio of Miners Yahoo Finance
Silver Price Forecast – Silver Markets Pull Back Awaiting FOMC FX Empire
Linkedin/Ray Dalio/3-15-2021
“However, because you are trying to store buying power you have to take into consideration inflation. In the US you have to wait over 500 years, and you will never get your buying power back in Europe or Japan. In fact, if you buy bonds in these countries now you will be guaranteed to have a lot less buying power in the future. Rather than get paid less than inflation why not instead buy stuff—any stuff—that will equal inflation or better? We see a lot of investments that we expect to do significantly better than inflation.”
USAGOLD note 1: Of course, the ultimate “stuff” – the ultimate stores of value – are gold and silver. But, Dalio cautions, policymakers “won’t like these capital movements out of debt assets and into other storeholds of wealth assets and other tax domains so they could very well impose prohibitions against capital movements to other assets (e.g., gold, Bitcoin, etc.) and other locations.” While we can only speculate what those “prohibitions” might look like, it is for these concerns that so many of our clients have diversified their holdings with historical bullion items, a trend that has only accelerated in 2021.
USAGOLD note 2: With modern bullion products in short supply and premiums to spot gold on one-ounce items like American Eagles approaching double digits, the cost differential to move into historical bullion coinage has never been narrower. Also, these products offer owners the opportunity to diversify into smaller, more negotiable sizes. We recently secured a significant position in arguably the most well-recognized and popular historic bullion item – British Sovereign Kings (pictured left) – which are quickly eclipsing modern bullion options in popularity under current market conditions. We invite you to call our Order Desk for details and product availability – I-800-869-5115 or orderdesk@usagold.com.
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Reuters/Lucia Mutikani/3-12-2021
USAGOLD note: The sharp increase in producer prices – up 6% over the same month last year and the largest in nearly a decade – received scant attention in financial markets since the report was released on Friday. Food and energy led the surge. Though this report qualifies the increase as unlikely to be passed along to consumers, we are already seeing it reflected at the gas pump and the grocery checkout counter.
Sources: St. Louis Federal Reserve, Bureau of Labor Statistics
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