Kitco News
(Kitco News) – McEwen Mining (NYSE: MUX) (TSX: MUX) reported Friday that its Q1 2021 production was 23,300 gold ounces and 493,200 silver ounces, or 30,600 gold equivalent ounces, a 13% decline over Q1 2020 output (35,100 gold equivalent ounces).
The post McEwen says 13% production drop in Q1 2021 was in line with expectations appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Centerra Gold (TSX: CG) (NYSE: CGAU) announced today that it has become aware of a number of legal and political developments in the Kyrgyz Republic which may affect Centerra’s ownership of the Kumtor mine and its rights under the 2009 restated project agreements which govern the Kumtor mine.
The post Centerra says new law ‘may affect’ ownership of Kumtor appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Santacruz Silver Mining (TSX.V:SCZ) announced that the company produced 3,655,320 silver equivalent ounces in Mexico for the full-year 2020, a 29% increase over the full-year 2019 output (2,829,453 ounces).
The post Santacruz Silver cuts net loss as production jumps 29% in 2020 appeared first on WorldSilverNews.
“”silver price”” – Google News
Silver Price Forecast – Silver Markets Struggle With $28 FX Empire
The post Silver Price Forecast – Silver Markets Struggle With $28 – FX Empire appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold is looking to post its biggest weekly gain since the start of the year as prices crack through $1,800 and set sights on $1,850 an ounce.
The post What’s next for gold price after biggest weekly gain of 2021? appeared first on WorldSilverNews.
Silver COT Report
Fri, 05/07/2021 – 15:32
U.S. Chamber of Commerce/Press Release/5-7-2021
“The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market. We need a comprehensive approach to dealing with our workforce issues and the very real threat unfilled positions poses to our economic recovery from the pandemic. One step policymakers should take now is ending the $300 weekly supplemental unemployment benefit. Based on the Chamber’s analysis, the $300 benefit results in approximately one in four recipients taking home more in unemployment than they earned working.”
USAGOLD note: The sad truth behind today’s payrolls report that the Biden administration would just as soon sweep under the carpet.
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MarketsInsider/Emily Graffeo/5-5-2021
“For over a decade, only deflationary (long duration) trades were working, and many of today’s investment managers have never experienced a rise in yields, commodities, value stocks, or inflation in any meaningful way.” – Marko Kolanovic, JPMorgan chief global markets strategist
USAGOLD note: Kolanovic is one of Wall Street’s most influential market strategists. He says portfolios should be repositioned for a transition from a disinflationary economy to “more persistent inflation.” Among his recommendations is to move from bonds to commodities and stocks.
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International Monetary Fund/Serkan Arlanap and Chima Simpson-Bell/5-5-2021
“The share of US dollar reserves held by central banks fell to 59 percent—its lowest level in 25 years—during the fourth quarter of 2020, according to the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) survey. Some analysts say this partly reflects the declining role of the US dollar in the global economy, in the face of competition from other currencies used by central banks for international transactions. If the shifts in central bank reserves are large enough, they can affect currency and bond markets.”
USAGOLD note: This news is likely to garner considerable attention among Wall Street bond and forex traders. The drop, too, is an attention-getter – from 71% of central bank reserves to 59%. Increasingly, central banks are moving to other currencies than the dollar and, in some cases, gold.
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