Kitco News
(Kitco News) – Rising tensions between the U.S. and China are keeping gold up and stocks down as the U.S. heads into the long weekend.
The post Gold price is stuck below $1,800, when can it break out? Analysts weigh in appeared first on WorldSilverNews.
Kitco News
(Kitco News) – ELY Gold Royalties (TSXV:ELY) announced yesterday it closed a previously announced brokered private of 21,562,500 units at a price of $0.80 per Unit for gross proceeds of C$17.25 million.
The post ELY Gold Royalties closes C$17.25 million financing appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Nordgold said today that Q1 gold production increased by 4% YoY to 225.9 koz mainly driven by higher volumes of ore processed at Taborny, Gross and Suzdal mines, as well as higher recovery rates at Gross, Suzdal and Taparko.
The post Nordgold increases gold production 4% to 225,000 ounces in Q1 appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Iron ore giant Fortescue Metals Group took its interest in Candente Copper (TSX:DNT) from 9.72% to 19.92% by subscribing to 27,500,000 shares for an amount of $1.375 million through a private placement.
The post Fortescue ups stake in Candente Copper appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold is the commodity to own as a hedge against the massive amounts of stimulus central banks and governments have flooded financial markets with, but silver is the metal to trade as it looks like momentum is returning.
The post Gold is to hold and silver is to trade appeared first on WorldSilverNews.
Silver COT Report
Fri, 05/22/2020 – 15:35
AdvisorPerspectives/Jon Hussman-Hussman Funds/5-19-2020
“Market lows associated with U.S. recessions have generally occurred at valuations that were about 40% of those prevailing today – and sometimes even less. If investors assume that valuations will never again approach historical norms, they must also accept that future investment returns will be dismal compared to historical norms. To say that ‘low interest rates justify high valuations in stocks’ is also to say ‘low interest rates justify low future returns in stocks.’ If one wishes to protect overvalued prices, one also has to accept meager long-term returns.”
USAGOLD note: A lot of sound thinking in a short space plainly spoken … “[T]he Federal Reserve,” says Hussman, “has performed an amygdalotomy on the investing public.” An amygdalotomy is a surgical procedure to disconnect the area of the brain that produces “the ability to detect, observe, and immediately respond to the fear.” Oblivious, all’s well for Humpty sitting on his wall …… This piece is highly recommended reading.
MarketWatch/Mark Hulbert/5-19-2020
“In fact, some brokers are now enticing investors with visions of another bull market run like the one that began in March 2009, the longest in U.S. market history. Those visions may come to pass, but you’re in for a long wait. In fact, only if you’re willing not to touch your money for 10 years — until 2030 — should you even think of putting new money into the stock market right now.”
USAGOLD note: Not a market for short-term traders, says Hulbert.