Kitco News
(Kitco News) – Trying to decide how to pick gold-mining stocks amid the COVID-19 virus scare? Consider those with multiple mines, open-pit operations that benefit from lower fuel costs, streaming and royalty companies, and producers that won’t have to scramble for financing in order to keep operating, according to one fund manager.
The post Midas Fund’s Thomas Winmill looks for these attributes in gold-mining stocks appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Yamana Gold Inc. (TSX: YRI; NYSE: AUY) is undertaking a temporary, partial demobilization of its workforce at the Cerro Moro mine in Argentina in response to the government’s declaration of mandatory social isolation to combat the spread of COVID-19, the company reported Friday.
The post Yamana partially demobilizes workforce at Cerro Moro until March 31 appeared first on WorldSilverNews.
Kitco News
(Kitco News) – McEwen Mining Inc. (NYSE, TSX: MUX) is withdrawing its previously announced production guidance after curtailment of operations at a joint-venture mine in Argentina to halt the spread of the COVID-19 virus around the world, the company said Friday.
The post McEwen Mining withdraws output guidance after temporary mine suspension appeared first on WorldSilverNews.
We have proven time and time again that we, as a nation, have the fortitude to weather hardships. Once again, our country is being tested, and we will not let our spirits be crushed. It is through ingenuity and perseverance that America has become the great country it is today. That same ingenuity will help our country in this difficult time and well into the future.
I am by nature a proactive person. In times like these, it is important that you are, too. We have the ability to protect each other and help each other during this time of uncertainty. We can all be heroes by being the best versions of ourselves.
Stay alert. Stay safe. Stay informed. Be cautious, and don’t take unnecessary risks. But do not lose hope. The challenges in front of us will not be easy, but we must all put forth our best effort to stand firm. This situation will not last forever.
Do not let panic drive you. Remember that we are in this together, and we must consider each other in these critical times. The choices we make in the upcoming days, such as where we go, or even what we buy at the store, can have a significant impact on others.
Be productive. Take the time in these new unusual circumstances to reflect on what you are grateful for. Communicate with your loved ones, your friends, and neighbors. Think of what value you can add to the world. Those of you who are less at risk, consider what you can do for those who face more.
Throughout history, extraordinary circumstances have confronted the nation. When we look into history at times such as World War II and the Great Depression, we see how Americans were able to handle and overcome adversity. We see stories of tragedy, but we also see stories of triumph.
This time in our history will be talked about for years to come. Again, there will be stories of tragedy and triumph.
How will you be seen by the historians of the future? When stories are written about people who came together, stories about how members of society banded together, will you be among them?
The American spirit was built for times like these.
My thoughts and prayers are with you all. I know everyone at U.S. Money Reserve is thinking about our customers and their families. We can get through this together.
The post Harnessing Strength in Difficult Times appeared first on U.S. Money Reserve.
Kitco News
(Kitco News) – That didn’t take long. We went from all-time high to bear market in record time. And so far, we haven’t been getting any love for gold stocks, junior or senior, even though gold is one of the best performing asset classes.
The post Panic responsibly appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Shares of gold-mining companies have fallen with the broader stock market lately, but producers are likely to become more attractive over the next couple of months as investors take note of the revenue and free cash flow they are generating, said Frank Holmes, chief executive and investment officer with U.S. Global Investors.
The post Frank Holmes: revenue, cash flow to boost gold-mining stocks appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Bitcoin was created out of the 2008 financial crisis and the COVID-19 pandemic is looking more and more like its first real test in a crisis scenario, according to one fintech CEO.
The post Is bitcoin a safe haven? What COVID-19 pandemic means for prices appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold and silver prices are trading up at midday Thursday. There are now some early clues that a
severely battered global marketplace may be stabilizing.
The post Gold, silver prices up on notions stock, financial mkts stabilizing appeared first on WorldSilverNews.
Physical demand for silver spikes as price drops to an 11-year low
“The poor man’s gold is on sale today and the fire sale will not last unless there is an all-out deflationary crash which brings its own ap
read more