Kitco News
(Kitco News) – “Although the company continues to operate globally, there can be no assurance that certain countries will continue to allow mining and drilling related activities as the impact of the global COVID-19 pandemic unfolds. The company is closely following developments in each of the regions in which it operates and it will continue to take actions if warranted.”
The post No assurance mining and drilling can continue in certain countries – Major Drilling appeared first on WorldSilverNews.
“Now the third great bull market is underway. It began on December 16, 2015 when gold bottomed at $1,050 per ounce at the end of the 2011-2015 bear market. Since then, gold is up over 65%. That’s a nice gain, but it’s small change compared to 2,200% and 760% gains in the last two bull markets. When it comes to capital and commodity markets, nothing moves in a straight line, especially gold. But this pattern suggests the biggest gains in gold prices are yet to come. And right now, my models are telling me that gold is poised for historic gains as the third great bull market gains steam.”
“I try to remain laser-focused on the analysis, conscious not to stray into the conspiracy realm. The Fed may buy S&P futures contracts at key market junctures and the government might at times fudge the numbers. I don’t know, and I’m not going there. Some will question the veracity of Friday’s payrolls data. Forecasts were for the May unemployment rate to jump to 19.0%, surging from April’s 14.7%. Private Payrolls were to see a 6.75 million drop, with manufacturing jobs down 400,000. Instead, Private Payrolls surged almost 3.1 million, with manufacturers adding 225,000 workers. The Unemployment rate fell to 13.3%.’”
“Since 2013, there have been brief periods of strong output growth in the large economies, suggesting that the risks of secular stagnation were abating. But these cyclical upswings proved temporary and the trend decline in global long-term interest rates towards zero was never ended.”