Kitco News
(Kitco News) – Sam Bankman-Fried’s cryptocurrency exchange FTX has bailed out crypto lender BlockFi with a $680 million deal. The move comes amidst challenges for the crypto industry, with firms like Three Arrows Capital and Voyager facing bankruptcy, and others such as Celsius and Babel Finance freezing withdrawals and transfers.
The post Crypto needs a lender of last resort and more regulation, as crypto winter intensifies – Ben Samaroo appeared first on WorldSilverNews.
Kitco News
(Kitco News) – The oil market has managed to push back above $100 an ounce, and according to some analysts, that will be good news for gold investors.
The post Lower oil prices don’t bode well for gold, but outlook remains uncertain appeared first on WorldSilverNews.
Kitco News
(Kitco News) – According to the Ministry of Energy and Mines of Peru (MINEM), silver production in Peru, the world’s third largest silver producing country, was 251,878 kg in May 2022, a decline of 11.1% compared to 283,347 kg mined in May 2021.
The post Silver production in Peru down 11.1% in May – report appeared first on WorldSilverNews.
MarketWatch/Joseph Adinolfi/7-5-2022
“The Federal Reserve isn’t even four months into its latest interest-rate -hiking cycle, and yet investors are already pricing in rate cuts as soon as next year, the latest sign that the market is bracing — or perhaps rather hoping — for a swift return to the easy-money monetary policy that helped drive the roaring stock market of the years following the 2008 financial crisis.”
USAGOLD note: If you are confused by all of this, welcome to the club. Wall Street knows not to fight the Fed, but it doesn’t know which Fed it isn’t fighting.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
YahooFinance/Jing Pan/7-3-2022
“‘I think we’ll continue to see prices going up for most of the remainder of the decade,’ he told MoneyWise. To preserve your purchasing power, Rule points to gold and silver, which can’t be printed out of thin air like fiat money. ‘I think that an investor who does not have some of his or her wealth in precious metals or precious metals equities are making an extraordinary mistake,’ he cautions.”
USAGOLD note: Rule believes the Fed will back off because of the damage it will inflict on various balance sheets. He also likes cash saying it gives investors “the ability to take advantage of moments of illiquidity.”
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.