“”silver price”” – Google News
Gold sees modest price pressure, post FOMC statement Kitco NEWS
The post Gold sees modest price pressure, post FOMC statement – Kitco NEWS appeared first on WorldSilverNews.
“”silver price”” – Google News
Gold sees modest price pressure, post FOMC statement Kitco NEWS
The post Gold sees modest price pressure, post FOMC statement – Kitco NEWS appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Beaufor Mine now contains an estimated Measured Mineral Resource of 328,500 tonnes grading at 5.7 g/t Au for a total of 59,900 ounces of gold and an estimated Indicated Mineral Resource of 956,400 tonnes grading at 5.2 g/t Au for a total of 159,300 ounces.
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The post Monarch reports 136% increase in measured and indicated gold resource at Beaufor appeared first on WorldSilverNews.
Kitco News
(Kitco News) – The gold market remains under pressure but is also still in sight of $1,800 an ounce as the Federal Reserve shed little new light on monetary policy.
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The post Gold price largely ignores Federal Reserve statement that provides little new information appeared first on WorldSilverNews.
Yahoo!Finance-Bloomberg/James Hirai and William Shaw/7-26-2021
“The real yield on 10-year Treasuries fell to a record low as concerns mounted over the outlook for economic growth even as investor flows fueled appetite for inflation-linked debt.”
USAGOLD note: If the Fed continues to hold rates in the current range and inflation continues to ratchet higher, the real yield will move further into the negative, a situation that has encouraged gold demand in past cycles, just as it is encouraging demand for TIPS now.
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MSNBC-YouTube/Interview of Stanley Druckenmiller by Stephanie Ruhle/7-23-2021
“If I was Darth Vader and I wanted to destroy the US economy, I would do aggressive spending in the middle of an already hot economy. You usually get a bubble out of that, and you get inflation of that. Frankly, we now have both. This is the biggest bubble I’ve seen in my career. … What are we going to get out of this? You’re going to get a sugar high, the higher inflation, then an economic bust.”
USAGOLD note: By passing a $3.5 trillion infrastructure bill, Druckenmiller thinks the government will throw fuel on the inflationary fire that could consume both Wall Street (in the form of a burst financial bubble) and Main Street (in the form of runaway inflation.)
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