Kitco News
(Kitco News) – Still Hoffmann believes that fundmetals are still good in the junior and mining space. World financial markets are just in turmoil.
The post Why junior miners are headed in the ‘right direction’ appeared first on WorldSilverNews.
Kitco News
(Kitco News) – While there has been a lot of disappointment in the gold market recently, Kitco News’ intrepid reporter Anna Golubova has been able to put financial markets’ volatility into perspective.
The post Gold leads the way in Q1 appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Analysts have pointed to three key drivers that could take gold higher next week as the massive impact of the COVID-19 outbreak is starting to be reflected in the negative macro data coming out of the U.S. and Europe.
The post How high is gold price going next week? It all depends on these 3 factors appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Liquidity in the gold market could continue to improve as major Swiss precious metals refiners are looking to restart operations.
The post PAMP restarting limited operations – reports appeared first on WorldSilverNews.
Yahoo! Finance: SI=F News
Although it is a red candle for the week, the reality is that the market has broken down but then bounced to attack the $15 level which I believe is going to be crucial in this market.
The post Silver Weekly Price Forecast – Silver Markets Continue to Press Higher appeared first on WorldSilverNews.
According to the best minds on Wall Street, the economy will take one of two directions.
This scenario, which might look like 1929, spells big trouble for the stock market and real estate market. In this environment, the one asset that will maintain its purchasing power is gold.
The stock market would initially benefit from this scenario, but ultimately crash as interest rates inevitably rise. The US dollar would get clobbered. And again, gold would thrive long term in this situation.
The first quarter is now over and for those of you with the courage to look at your 401K statements, it’s not going to be pretty. And, adding insult to injury, this could only be the beginning. For those of you that instinctively know something is terribly wrong, but continue to HOPE the market will turn around, good luck. In forty years of investing, I’ve learned that “hope” trades rarely work out. And, the stakes in this case are particularly high. Are you willing to risk everything built up over the last ten years? Over a lifetime? Does it not make sense to take some form of action to protect yourself in this time of incredible uncertainty?
On another positive gold note, the COMEX gold exchange is scrambling to cover the fact they don’t have the physical gold in inventory. The massive drop in “Open Interest” for gold and silver suggests the “weak longs” have liquidated and the big “short” JP Morgan has covered as well. In other words, the decks are clear for gold and silver to resume going back up. And, finally, the physical gold market is tight and strong and relentless. All indications point to higher physical gold to come. So, if gold makes sense to you, why wait? Gold Prices are only going higher, and as time goes by, availability will only continue to diminish.
Yahoo! Finance: SI=F News
(Bloomberg) — Canadian equities jumped as a confluence of news sent oil and precious metals surging on Thursday.The S&P/TSX Composite Index closed 1.7% higher with energy companies leading the charge. U.S. President Donald Trump said Saudi Arabia and Russia would make major output cuts, though uncertainty swirled over the size of the curbs and whether reductions would be made at all. Western Canada Select crude oil traded at a $16 discount to West Texas Intermediate.Earlier Trump said in a couple of tweets that he expects Saudi Arabia and Russia to cut oil production by 10 million to 15 million barrels. His comments immediately triggered skepticism as the Kremlin said Russian President Vladimir Putin hadn’t agreed to a production cut to boost prices. Saudi Arabia also didn’t confirm the cuts, but called for an urgent meeting of the OPEC+ producer alliance.The Canadian dollar strengthened to C$1.4171 per U.S. dollar and the 10-year government bond yield climbed 5 basis points to 0.664%.Gold and silver miners were also among the best performers as record U.S. jobless claims spurred the flight to safe havens. The number of Americans applying for unemployment benefits soared to 6.65 million last week, a level unimaginable just a month ago. The spot price of gold rose 1.4% to $1,614.03 an ounce.As Canadian markets try to find some normalcy amid big volatility spikes, Toronto-Dominion Bank’s Chief Executive Officer Bharat Masrani said the nation’s central bank doesn’t need to buy up corporate bonds to boost liquidity because debt markets are returning to more normal conditions.The Bank of Canada launched a program to buy short-term commercial paper, but hasn’t yet ventured into buying longer-term company bonds. It began its first-ever foray into quantitative easing this week to reduce strains in the market brought on by Covid-19 shutdowns, buying C$1.8 billion ($1.27 billion) in government bonds.What was a roaring start to Canada’s spring house-hunting season has ended in a whimper. By the time the dust settles on what’s likely to be months of disruption, the nation could see resales plunge 30% to a 20-year low and the first nationwide drop in prices since 2009, according to Royal Bank of Canada.On the virus front, Covid-19 has now infected 1 million people across the world, a milestone reached just four months after it first surfaced in the Chinese city of Wuhan. More than 51,000 have died and 208,000 recovered in what has become the biggest global public health crisis of our time.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The post Oil Price Rally and Precious Metals Push Canadian Stocks Higher appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Great Bear Resources (CVE:GBR) discussed the arrangement between Great Bear Resources and Great Bear Royalties.
The post Great Bear Resources provides update on royalty spin-out appeared first on WorldSilverNews.