Month: April 2021

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Fox News

Pelosi leads push to curtail presidential power over border security

Former National Protection Council Authorities Michael Allen reacts to Democrats' push to ban a head of state from executing travel bans. #FoxBusiness #EveningEdit

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Fox News

Biden loves talking about crisis’ except when it’s his own: York

Washington Inspector's Byron York joined 'Kudlow' to go over the Biden administration's dilemma administration. #FoxBusiness #Kudlow

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FOX Organization Network (FBN) is a financial news channel providing real-time information throughout all platforms that impact both Main Street and Wall Street. Headquartered in New York– the business capital of the world– FBN launched in October 2007 as well as is just one of the leading company networks on television, having actually covered CNBC in Organization Day customers for the 2nd successive year in 2018. The network is offered in nearly 80 million homes in all markets across the United States. Possessed by FOX Corporation, FBN is an unit of FOX News Media and also has bureaus in Chicago, Los Angeles, and Washington, D.C.

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Fox News

Biden using threat of climate change to expand welfare state: Perry

Former Texas guv, energy assistant evaluates in on the Biden management's climate schedule on 'Kudlow.' #FoxBusiness #Kudlow

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FOX Organization Network (FBN) is a financial news network delivering real-time details across all systems that affect both Main Street and also Wall Surface Road. Headquartered in New York City– the business funding of the world– FBN introduced in October 2007 and is just one of the leading company networks on tv, having topped CNBC in Company Day visitors for the 2nd successive year in 2018. The network is available in nearly 80 million houses in all markets across the United States. Had by FOX Corporation, FBN is an unit of FOX News Media and also has bureaus in Chicago, Los Angeles, as well as Washington, D.C.

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Silver

Global silver demand poised to rise this year; prices could jump more than 30%: report – MarketWatch

Global silver demand poised to rise this year; prices could jump more than 30%: report  MarketWatch
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Silver

Routine price corrections for gold, silver after recent gains – Kitco NEWS

Routine price corrections for gold, silver after recent gains  Kitco NEWS
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Silver

Gold, silver pull back on routine downside corrections – Kitco NEWS

Gold, silver pull back on routine downside corrections  Kitco NEWS
Categories
Gold

Rates pose risks but also unlock opportunites for gold

World Gold Council/Staff/April 2021

“A sustained increase in interest rates beyond the aforementioned thresholds may materialise if there were to be a shift in inflation dynamics not seen in decades. Such an event would trigger meaningful changes to interest rates, with an increased opportunity cost to holding riskier assets such as stocks. As risk assets sell off, gold’s value as a contributor to portfolio return comes into focus, particularly several months into the inflation cycle. ‘Reflation’ periods such as we are seeing today, marked by resurgent economic growth alongside rising inflation and interest rates, have seen other major commodities outperform gold in the first six months. However, on average since 1991 gold has caught up and in fact, outperformed other sectors and commodities by the second and third years.”

overlay chart from the World Gold Council showing the gold price yields on the US 10-year inverted

Chart courtesy of the World Gold Council • • • Click to enlarge

USAGOLD note: The snippet above outlines just one of many scenarios the World Gold Council covers in the report linked above. Though the chart above emphasizes the correlation between yields and the price of gold, the real rate of return (yields minus the inflation rate) exerts an even greater influence. It is likely to become even more of an issue as the reflation mentioned in the snippet above progresses.

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Gold

China says it has no desire to replace dollar with digital yuan

Bloomberg/Staff/4-18-2021

photo image of various currencies rolled and rubberbanded

“China sought to allay fears it wants to topple the dollar as the world’s main reserve currency as Beijing makes bigger strides in creating its own digital yuan. People’s Bank of China Deputy Governor Li Bo said the goal for internationalizing its currency is not to replace the dollar, and the efforts to create a digital yuan are aimed at domestic use.”

USAGOLD note:  Not sure what to make of these comments……They do not square with the prevailing opinion that China would very much like to make the yuan a challenger to the dollar. Last fall, Morgan Stanley issued a report stating that the yuan makes up about 2% of international reserves at the moment and predicted that it would account for 5% to 10% of reserves by 2030. In short, if the yuan is a challenge to the dollar for reserve status it is not a potent one in reality – not at this juncture. Something dramatic would need to happen that would speed up that timetable – like a serious collapse in the dollar along the lines predicted recently by Yale economist Stephen Roach. (Then the free market might allocate a stronger role for the yuan.) It is interesting that Li Bo would characterize “the internationalization of the renminbi” as “a natural process” and that China’s “goal is to allow the market to choose.”

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Gold

Bitcoin Hasn’t Killed Gold. Here’s Why the Precious Metal Is Making a Comeback. – Barron’s

Bitcoin Hasn’t Killed Gold. Here’s Why the Precious Metal Is Making a Comeback.  Barron’s
Categories
Gold

RANKED: World’s top 10 biggest gold mines – MINING.COM – MINING.com

RANKED: World’s top 10 biggest gold mines – MINING.COM  MINING.com