Kitco News
(Kitco News) – Gold is on a roll as market volatility is working in favor of higher prices amid renewed concerns about the U.S. economic recovery and the second COVID-19 wave. But is it enough to finally break gold out of its trading range?
The post Market volatility is bullish for gold: Is $1,800 back on the table next week? appeared first on WorldSilverNews.
Kitco News
(Kitco News) – The gold bullion market is facing a new crisis of faith as one of the world’s most prominent mints faces accusations of lacking auditing standards that could support unethical gold.
The post Perth Mint denies accusation of buying conflict gold appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Zijin Mining Group Co., Ltd. has agreed to acquire Guyana Goldfields Inc. (TSX: GUY) in a deal valued at C$323 million, the companies announced Friday.
The post Zijin Mining agrees to buy Guyana Goldfields for C$323 million appeared first on WorldSilverNews.
Silver COT Report
Fri, 06/12/2020 – 15:31
Chris Marchese
Fri, 06/12/2020 – 12:26
SilverSeek.com
Fri, 06/12/2020 – 10:06
Financial Times/Paul Britton/6-8-2020
“Covid-19 has brought us to a historic turning point in financial markets. A fundamental investment strategy that has protected institutional and retail investors alike for decades — balancing equity risk by holding high-quality government bonds — has finally run its course. When the Fed lowered short-term rates to zero in response to the pandemic, the last shoe dropped.”
USAGOLD note: In this down-to-earth assessment of the effects of collapsing rates, gold makes the short list of assets that will add “ballast for balanced portfolios.” Britton is the chief executive officer of Capstone Investment Advisors in New York.
Rothschild & Co./Kevin Gardner/6-9-2020
“It will take longer to get out than it did to fall in. Lockdowns will ease more slowly than they began; many businesses and jobs may not make it to the other side; renewed contagion is possible; some habits may change. But nobody expects a symmetrical recovery anyway: the perfect V-shape is the pundits’ straw man.”
USAGOLD note: Rothschild & Co.’s annual assessment of the global economy and investment climate offers a reminder of the issues investors that dominated investment market psychology before the pandemic obliterated the financial landscape. “Memories can be short … ” writes Kevin Gardner, the firm’s global investment strategist.