Kitco News
(Kitco News) – Australian gold miner Gold Road Resources (ASX: GOR) announced yesterday that the Gruyere mine produced a record 85,676 ounces of gold (100% basis) during June quarter (March quarter: 71,135 ounces), in line with expectations.
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Kitco News
(Kitco News) – Novo Resources (TSX: NVO) reported today that in Q2 2022, the company produced 12,610 oz of gold in Australia, which totals 25,988 oz Au for H1 2022 and is in line with revised guidance.
The post Novo produces 12,610 oz of gold in Australia in Q2 2022, in line with revised guidance appeared first on WorldSilverNews.
“”silver price”” – Google News
Silver Price Forecast: XAGUSD steady above $19.20 post-FOMC hawkish minutes FXStreet
The post Silver Price Forecast: XAGUSD steady above $19.20 post-FOMC hawkish minutes – FXStreet appeared first on WorldSilverNews.
David Smith
Wed, 07/06/2022 – 07:28
Mises Institute/Ryan McMaken/6-30-2022
“Jerome Powell appears to subscribe to the Burnsian way of thinking, however. If his comments in congressional testimony and press conferences are any indication, Powell still believes it is possible to ‘solve’ price inflation through extremely mild increases to key interest rates and through miniscule reductions in the scale of the Fed’s portfolio.”
USAGOLD note: McMaken, senior editor at the Mises Institute, is not the first to liken Powell’s approach to inflation to that of Arthur Burns. His concentration, though, is on the politics behind the economics at the Fed – then and now. “Powell’s Fed,” he concludes, “is a Fed that does no more than is absolutely necessary to convince the public and policy makers that it is ‘doing something’ about inflation. This is all short-term political posturing, and reflects that fact Powell – like Janet Yellen before him – is a politically minded technocrat who thinks in terms of using the central bank to protect the regime.”
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University of Illinois/Nick Paulson, Joe Janzen, Krista Swanson, Gary Schitkey and Carl Zulauf/2-28-2022
“Global production and export shares for wheat, averaged from 2017 to 2021, are reported for the top 7 wheat producing countries in Figure 1. Russia and Ukraine account for 14% of global wheat production and rank 1st and 5th, respectively. Both countries are prominent exporters, providing nearly 30% of global wheat exports. The EU, U.S., and Canada are also major producers and exporters of wheat. China and India are major wheat producers, but are net importers and provide relatively small shares of global wheat exports. Other countries with fairly large wheat export shares include Australia (8.4%), Argentina (6.6%), Kazakhstan (4.1%), and Turkey (3.4%).”
USAGOLD note: This link takes you to an informative look at the sources of agricultural commodities and their share of the global export market. For those who want a quick education on the importance of Russia and Ukraine to the global food chain, this article fits the bill.
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