Kitco News
(Kitco News) – Kenmare Resources (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma titanium minerals mine in northern Mozambique, announced today that Mozambique has been experiencing an increase in the number of COVID-19 cases in Q1 2021.
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Kitco News
(Kitco News) – Anglo American announced today that the value of rough diamond sales for De Beers’ second sales cycle of 2021 amounted to $550 million.
The post Positive demand drives Anglo American rough diamond sales appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper.
The post Russian mining giant Nornickel pays ~$2 billion in environmental damages appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold prices are trading close to unchanged in midday U.S. action today as traders stepped in to buy the moderate overnight downside correction after the solid gains posted Tuesday.
The post Gold pauses after Tuesday’s rally, bulls have a bit of momentum appeared first on WorldSilverNews.
Kitco News
(Kitco News) – VanGold Mining (TSXV:VGLD) announced today it has closed its non-brokered private placement of units at a price of $0.30 per unit announced December 23, 2020 and expanded on January 19, 2021, January 25, 2021, and February 17, 2021.
The post Eric Sprott becomes new shareholder of VanGold appeared first on WorldSilverNews.
CNBC/Maggie Fitzgerald and Vicky McKeever/3-10-2021
“U.S. Treasury yields dipped slightly on Wednesday after key 10-year Treasury auction data showed enough demand to stave off fears of investors worried about a possible slump in demand for the government’s debt and a recent rapid rise in rates.”
USAGOLD note: As gold has been victimized, so now it becomes a beneficiary. A question still hangs over the market as to what role the Fed will play in financing the burgeoning national debt in the absence of U.S. debt takers.
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The Hill/John Bowden/3-8-2021
“Treasury Secretary Janet Yellen said Monday that she doesn’t believe fears of rising inflation or unemployment resulting from the Democrats’ $1.9 trillion COVID-19 relief package are warranted.… I really don’t think that is going to happen.”
USAGOLD note: Famous last words …… Is this the same Janet Yellen who told us not that long ago we would not have another financial crisis in our lifetime? It just happens that a long and lengthening line of economists and market analysts disagree with her. In fact, if press reports are to be believed, rising inflation expectations are the primary reason for the cratering bond market.
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Bloomberg/Liz McCormick, Tracy Alloway and Stephen Spratt
Repost from 3-5-2021
“Bond traders have been saying for years that liquidity is there in the world’s biggest bond market, except when you really need it.”
USAGOLD note: It’s not like that need comes and goes. It is consistent – even ever-present. One wonders what liquidity would be like if the Fed were to suddenly withdraw its support. A full 54% of U.S. government-issued debt in 2020, according to Crescat Capital, was purchased by the Federal Reserve. Add to that the $1.9 trillion stimulus package and ……well, you get the picture. A house of cards, as we have said before, is still a house of cards no matter how elaborate.
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Institute for Supply Management
Repost from 3-5-2021
“Things are now out of control. Everything is a mess, and we are seeing wide-scale shortages.” (Electrical Equipment, Appliances & Components)
“Prices are rising so rapidly that many are wondering if [the situation] is sustainable. Shortages have the industry concerned for supply going forward, at least deep into the second quarter.” (Wood Products)
“Prices are going up, and lead times are growing longer by the day. While business and backlog remain strong, the supply chain is going to be stretched very [thin] to keep up.” (Machinery)
USAGOLD note: Early indicators and convincing anecdotal evidence that inflation might be starting to wend its way through the pricing structure, as chronicled by the Institute for Supply Management – trends not being reported as yet on your favorite financial news channel ……
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