Kitco News
(Kitco News) – According to the report, after a peak of 3,807 tonnes in 2024, the world’s gold mine production is projected to decline at an annual rate of 0.8% in 2025 and 2026, to 3,746 tonnes in 2026.
The post World’s gold production expected to decline after peaking in 2024 – report appeared first on WorldSilverNews.
Kitco News
(Kitco News) – The gold market was one of the last assets to rise on inflation fear headlines, and that is because there has been a regime change in the precious metal market, said Portfolio Wealth Advisors president and CIO Lee Munson.
The post ‘A regime change in gold’: This is why gold price is last to surge on inflation trade – portfolio manager appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Chaarat (AIM:CGH), a gold mining company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, today released an updated bankable feasibility study for its Tulkubash oxide gold project located in the Kyrgyz Republic.
The post Chaarat delivers robust updated feasibility for Tulkubash, warns about potential delays in financing appeared first on WorldSilverNews.
Kitco News
(Kitco News) – The copper market might be seeing some near-term profit taking as prices fall from record highs, but one Canadian bank thinks the rally is just starting.
The post Look for copper price of $5.25 by end of year start of 2022 – CIBC appeared first on WorldSilverNews.
Kitco News
(Kitco News) – While the rising inflation threat has been leading investors back into the gold market, one firm said that this is only part of the story as inflation is expected to create more market volatility adding to gold’s safe-haven allure.
The post Equity volatility due to high inflation will push investors further into gold – Wilshire Phoenix appeared first on WorldSilverNews.
Richard Mills
Tue, 05/25/2021 – 10:40
Ted Butler
Tue, 05/25/2021 – 03:12
Stockhead/Sam Jacobs/5-23-2021
“But there’s another event which has so far snuck under the radar of most analysts and investors – the pending changes to Basel III rules surrounding gold stockpiles held by global banks. The rule change will stipulate that banks can only count physical gold when calculating their Tier One asset ratios to meet financial stability regulations.”
USAGOLD note 1: On Friday, we posted an opinion piece from Numismatic News that noted the potential for major repercussions in the gold and silver markets from the upcoming implementation of Basel 3 beginning toward the end of June. This Stockhead article suggests that the jury is still out on Basel 3 based on one analyst’s discussions with gold mining companies and derivatives traders.
USAGOLD note 2: Though we would like to think that the new accord would force bullion banks to relinquish or cover their positions causing a jump in gold and silver prices, we recognize that the implementation of this agreement is a complicated matter and it is impossible to know how the parties will react and/or the options available to them. That said, the LBMA itself – the organization whose members will be most directly affected by Basel 3 – warns of potential chaos in the gold and silver lending markets once it is implemented sends a message worth noting. That warning, we should add, is contained in its appeal to the Prudential Regulation Authority to curtail implementing the precious metals provisions. Thus far, the PRA has not responded, but as we said in the note accompanying Friday’s note, one would think that by now, its net effects on the banking industry would be well understood and factored into the equation.
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