Kitco News
(Kitco News) – Pan American Silver (TSX: PAAS) today reported its Q1 2022 silver production of 4.62 million ounces (Q1 2021: 4.58 million ounces) and gold production of 131.0 thousand ounces (Q1 2021: 137.6 thousand ounces).
The post Pan American Silver reports net income of $76.8 million in Q1, maintains its 2022 guidance appeared first on WorldSilverNews.
SilverSeek
Thu, 05/12/2022 – 10:22
Financial Times/Colby Smith and Eric Platt/5-9-2022
“A sharp increase in interest rates to tame fresh inflation shocks would pose a risk to the American economy, the Federal Reserve said on Monday as it reported a ‘higher than normal’ chance that trading conditions in US financial markets will suddenly deteriorate.”
USAGOLD note: Odd warning in that ironically one of the biggest sellers of U.S. Treasuries might very well be the Fed in the near future – a liquidation likely to push up yields and encourage copy-cat selling from other players. The stability report itself, as quoted at the link above, is an attempt to warn the markets that financial contagion is possible. It’s almost as if the right hand does not want to acknowledge what the left hand is doing.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
Financial Times/Katie Martin/5-12-2022
“’The rapid growth of stablecoin issuance could, in time, have implications for the functioning of short-term credit markets,’ Fitch’s analysts said, pointing to a ‘potential asset contagion risks linked to the liquidation of stablecoin reserve holdings.’”
USAGOLD note: This can’t be true, can it? A general financial contagion starting with crypto? Gotta love the not so cryptic reference to Las Vegas.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.