Nevada Silver Commences Drilling at Its 100% Owned Belmont Silver Project, Nevada Junior Mining Network
Month: July 2022
Silver Bullet Mines Produces Silver Junior Mining Network
MarketsInsider/Amanda Cooper/7-13-2022
“The euro has lost around 12% in value against the dollar already this year, in part because of an expectation for the Federal Reserve to raise US rates more quickly than the European Central Bank will raise eurozone rates, even though both are racing to contain surging inflationary pressures.”
USAGOLD note: Europe is reeling from runaway prices, the prospect of severe energy shortages and a recumbent central bank. Gold demand in Europe has been strong and it is on the rise. Gold is up 8% year to day in the euro and 13% over the past year.
Gold price in euros
(%, one-year)
Chart courtesy of TradingView.com
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
Bloomberg/Anchale Worrachate/7-11-2022
“Russia’s grinding war in Ukraine and supply bottlenecks from labor shortages will keep the pace of price growth elevated. Central banks will tighten policy until the economic pain forces them to shift direction and live with inflation. Constrained by the ‘hyper-politicization of everything,’ policy makers will struggle to tackle the fallout.”
USAGOLD note: The state of the financial world according to BlackRock and it doesn’t look good. Why not buy the dip? Because “policy will not quickly step in to stem sharp asset price declines.”
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
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