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Silver

Firm Raises Target Price on Gold Company that Shows Strong Focus on Accretive Acquisitions – Streetwise Reports

“”silver price”” – Google News

Firm Raises Target Price on Gold Company that Shows Strong Focus on Accretive Acquisitions  Streetwise Reports

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Silver

Gold sees routine downside correction but up from daily lows

Kitco News

(Kitco News) – Gold prices are slightly down in midday U.S. trading Tuesday, but off the daily lows, on a normal downside correction and some profit-taking pressure from the shorter-term futures traders.

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Silver

The days of bitcoin doubling in a week are over — fintech CEO

Kitco News

(Kitco News) – Speculators who are waiting for bitcoin to either skyrocket to record-highs in a week or plunge back to below $4,000 are wasting their time as the days of massive bitcoin volatility are likely over, according to one fintech CEO.

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Silver

Maya Announces 2020 Zgounder Silver Mine Exploration Program Toronto Stock Exchange:MYA – GlobeNewswire

Maya Announces 2020 Zgounder Silver Mine Exploration Program Toronto Stock Exchange:MYA  GlobeNewswire
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Silver

Endeavour Silver: Releases Updated and More Attractive PFS on its Flagship Development Project, Terronera

Endeavour Silver: Releases Updated and More Attractive PFS on its Flagship Development Project, Terronera

Endeavour Silver $EXK, has had its issues over recent years but it appears to be nearing an inflection point whereby the overall quality of its asset portfolio increases, output increases and costs decrease as operational issues have been worked out and it has an excellent development project in its pipeline. On Monday, the company released an updated Pre-Feasibility Study (PFS), which is more robust relative to the 2018 PFS.

Endeavour worked with Ausenco engineering on the re-engineering of the project to generate improved economics, as we will discussed. 

Chris Marchese
Tue, 07/14/2020 – 18:20

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Silver

Will Silver Reach $21 In The Current Rally?

Will Silver Reach $21 In The Current Rally?

Now that the silver price has broken through the important $18.50 level, will it reach $21 during this current rally?  Silver was up 70 cents for the day (Monday).  However, after Dallas, Fed President Kaplan announced today that the “Emergency Facilities” used to support the economy might be pulled back, the markets sold off from their highs.

Steve St. Angelo
Tue, 07/14/2020 – 07:15

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Silver

Silver Price Forecast – Silver Markets Have Ugly Opening – FX Empire

Silver Price Forecast – Silver Markets Have Ugly Opening  FX Empire
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Silver

Silver prices headed to $25 as ‘worthless’ central banks manipulate currencies | – Kitco NEWS

Silver prices headed to $25 as ‘worthless’ central banks manipulate currencies |  Kitco NEWS
Categories
Gold

Why hedge funds buy pet rocks in time of crisis

ZeroHedge-Bloomberg/Edde van der Walt/7-13-2020

photo of stacks of gold bars“Even forgiving that failure, it’s a blunt instrument compared with other forms of portfolio insurance. Yet the price of gold has been chased to eight-year highs above $1,800/oz. Investors in exchange-traded funds built a stockpile large enough to supply global gold demand for three quarters of a year. And luminaries including Paul Singer, David Einhorn, and Crispin Odey have told backers they’re bullish.”

USAGOLD note: We referenced this report in the DMR earlier today and repost it here for those who may have missed it.

 

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Gold

Wealthy investors worry about lack of cash if pandemic returns

Bloomberg/Devon Pendleton/7-13-2020

graphic image of scrabble letters spelling health and wealth“The fallout from coronavirus has provoked fears among the world’s wealthy, with the majority planning to curtail travel and move closer to family in a world they see permanently altered by the pandemic. More than half of respondents in a survey of wealthy investors by UBS Group AG said they feared not having enough liquidity in the event of another pandemic, while a similar percentage expressed worry about leaving sufficient money to their heirs.”

USAGOLD note:  The concerns of wealthy Americans are in themselves components of the overall pandemic-induced economic breakdown. According to this article, 30% are contemplating leaving the cities and a good many have already acted. More than 50% fear “not having enough liquidity”, which is shorthand for concern that they may not be able to preserve their wealth. An unsettling mindset …