Kitco News
(Kitco News) – The gold market remains in positive territory but is seeing some selling pressure as the Federal Reserve signals that a discussion on reducing its bond-purchasing program could be soon on the table.
The post Gold prices holding some gains as the Fed starts talking about talking about tapering bond purchases appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold prices are higher in midday U.S. trading Wednesday and pushed to a 4.5-month high. Safe-haven demand was featured in the yellow metal today as the U.S. stock market sold off and risk appetite in the marketplace waned.
The post Gold surges to 4.5-month high on safe-haven demand appeared first on WorldSilverNews.
Kitco News
(Kitco News) – On Wednesday, Battle North Gold (TSX: BNAU) (OTCQX: BNAUF) announced the completion of the previously announced plan of arrangement, pursuant to which Evolution Mining (ASX: EVN) has acquired all of the issued and outstanding common shares of Battle North at a price of C$2.65 in cash per share.
The post Australia’s Evolution completes acquisition of Battle North Gold appeared first on WorldSilverNews.
Kitco News
(Kitco News) – In chaotic Wednesday trading, the gold market stood tall seeing gains of nearly 1% on the day and approached a pivotal $1,900 an ounce level.
The post Stocks, crypto, commodities plunge as gold sets aim at record highs appeared first on WorldSilverNews.
Financial Times/John Hussman/5-18-2021
“Among the strongest elements of the belief system propping up record valuations and trading debt is the notion that central bank liquidity has the capacity to support elevated valuations indefinitely. Years of intervention have cast central banks as tools of self-reinforcing speculation. Mere phrases such as ‘Fed support’ now suffice as complete investment strategies.”
USAGOLD note: Hussman calls to question markets that are driven almost exclusively by the Federal Reserve money printing process. He references Benjamin Grahm and David Todd’s “Security Analysis” – the 1934 classic which conjures the crash of 1929. “It was only necessary to buy ‘good’ stocks,’ they said, “regardless of price, and then to let nature take her upward course. The results of such a doctrine could not fail to be tragic.”
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Daily Reckoning/Charles Hugh Smith/5-8-2021
“Faced with the knowledge that so-called fat tail risk (i.e. a geometric function replacing an arithmatic function, and small events triggering large consequences, i.e. non-linear dynamics) is real but unpredictable, then we’re forced to think through these supposedly low-probability risks and devise a response that we can implement because we already thought it out. This is the difference between having a pre-planned response and panic.”
USAGOLD note: There are strategies to the moon on how to defend against one or the other, but only one that meets the test of time, is easy to implement, provides maximum peace of mind, and offers insurance against either or both and no matter in which order they arrive.
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