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
It’s impossible to be completely prepared for the unexpected. After all, if you could anticipate what you might need in an unexpected situation, it wouldn’t be unexpected. Yet, we all have to be prepared to some degree, in case of an abrupt change in the world.
Sometimes our plans and expectations are thrown off in minor ways. Other times, such as recently, major changes can derail practically all aspects of life. These circumstances can be especially troubling when trying to financially plan for the long term.
For many people who live paycheck to paycheck—or those who only have a small amount of savings set aside in case of disaster—a massive disruption can turn their whole world upside down.
Recently, I saw on Fox Business that a Bankrate survey found 30% of American adults have seen their household income decrease during the pandemic. Even worse, 19% of American adults now have less emergency savings, and 24% have no emergency savings at all.
The survey went beyond just individual households and showed the impact the current crisis has had on households as a whole across the country. Of American households, 26% have added debt, and 11% have decreased their savings. Even individuals who have managed to mostly insulate themselves from the recent catastrophe can see the importance of developing a financial safety net.
The fact is, sometimes major changes can occur and leave everyone blindsided. When you are planning for the future of your household and family, limiting your financial protection to one single asset can be troublesome, or even dangerous.
In November of last year, Fidelity reported that people between the ages of 55 and 75 years old, had over-allocated stocks in their portfolios. This under-diversification likely left those same folks especially vulnerable when stocks crashed earlier this year.
Although the markets have healed somewhat since then, the fact is that no one can see into the future perfectly.
Gold’s recent rally speaks for itself. Historically, gold tends to perform well in times of crisis. It’s no wonder hedge funds, such as Elliott Management and Caxton Associates, are starting to hold more and more gold.
When you consider how to manage your family’s financial future, remember that a little bit of precautionary planning can go a long way.
The post How to Be Prepared for the Unexpected appeared first on U.S. Money Reserve.
Kitco News
(Kitco News) – One of Wall Street’s biggest gold supporters is turning up the heat on its gold forecast, at least a little bit.
The post Wells Fargo sees gold prices ending 2020 between $1,800 and $1,900 appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold and silver prices are lower in midday U.S. dealings Thursday, on routine downside corrections following recent gains. Some profit-taking from the shorter-term futures traders was also featured today.
The post Gold, silver pull back on some profit-taking, normal consolidation appeared first on WorldSilverNews.