Kitco News
(Kitco News) – Has gold found its bottom at this week’s 10-month lows? Analysts are waiting to see if the precious metal can hold the $1,700 an ounce level and break free from the Treasury markets’ chains.
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Kitco News
(Kitco News) – With 569 koz of gold produced in 2020 Canadian Malartic, jointly owned by Yamana Gold and Agnico Eagle, was the largest gold mine in Canada.
The post Top 10 largest gold mines in Canada in 2020 – report appeared first on WorldSilverNews.
“”silver price”” – Google News
Metals Weekly Round-Up: Gold Price Dips to 9 Month Low | INN Investing News Network
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Silver COT Report
Fri, 03/12/2021 – 15:35
Investing In Silver: Guide for 2021
SilverSeek
Fri, 03/12/2021 – 03:09
Bloomberg/John Authers/3-9-2021
“But as yet the equity market seems totally unaffected with volatile and risky stocks still making the running. Although the brontosaurus has been bitten on the tail, the message has not yet reached its tiny brain, but is proceeding up the long backbone, one vertebra at a time.” – Jeremy Grantham, 2007 (just before the financial crisis)
USAGOLD note: Authers explains that what is going on in the stock market at the moment is a rotation – not a sell off. Investors are selling high tech stocks and buying old school companies. In keeping with the brontosaurus analogy, though, there may be another message that has yet to migrate beyond the tail. When the margin calls come to the highly leveraged crowd investing in tech stocks, it could precipitate a wider selloff as investors scramble to raise capital. If so, it would not be the first time excessive margin positions have provoked panic selling – 1929 and 2008 come to mind.
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Wall Street Journal/Judy Shelton/3-8-2021
USAGOLD note : In this fundamentally sound analysis, Judy Shelton, the shunned Trump nominee for the Federal Reserve Board, demonstrates convincingly why Congressional Republicans never should have rejected her for a position on the central bank’s Board of Governors. She puts her finger on one of the key reasons why the economy remains stubbornly on hold despite the Fed’s massive money creation over the past year. “[T]he implications for productive economic growth,” writes Shelton, “should give pause to Fed officials, who might ask themselves why banks have chosen to retain reserve balances in their Federal Reserve depository accounts at sky-high levels, $3.15 trillion at present, despite the Fed’s elimination of all reserve requirements in March 2020.”
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