At the beginning of June, Russia’s Finance Minister Anton Siluanov announced that the Russian National Wealth Fund would abandon all U.S. The new structure of the fund would hold 40% of its assets in euros, 30% in yuan, and 20% in gold. Prior to this, people would often choose to go into foreign currencies out […]
On previous Kitco News appearances, Mashinsky had accurately predicted that Bitcoin would retrace $30,000 before climbing back to $70,000. “Crypto has become a haven for illegal activity. Unlike theft, drug trafficking, ransom attacks and other activities have all been made easier with crypto,” she said at a recent Senate Banking Committee hearing. We can choose […]
“You’ve got a lot of confirming factors that would suggest that consumer spending power is about to maybe take a hit. …Read the full story
“If Fed treats , which were material events, with nonchalance, then it’s just a green light to bet heavily on every inflation trade. “If they say, ‘We’re on the path, things are good,’ then I would just go all-in on the inflation trades. “If they course-correct, if they say, ‘We’ve got incoming data, we’ve accomplished […]
I’m sticking to that prediction,” Mashinsky told Michelle Makori, editor-in-chief of Kitco News.El Salvador made history by being the first country in the world to adopt Bitcoin as legal tender, and other countries are bound to follow, Mashinsky said.“So if we can get a Brazil, if we can get a Nigeria, if we can get […]
He writes that cryptocurrencies are crippled as a money replacement since they perform much worse than government money on all counts. Cryptocurrencies are essentially neither money nor a financial product, but an example of what Nobel laureate Robert Shiller calls a contagious narrative: a contagious story in which people believe because other people believe in […]
Kitco estimates that gold mines in Canada produced 1,488 koz of yellow metal in Q1 2021, which is 7% more than a year before. The mine had an exceptional first quarter, producing 179 koz of gold, which exceeded plan and greatly, by 38%, exceeded the comparative period in 2020, due to higher grades and recoveries […]
According to the company’s statement, the MMP is the final major authorization required for the development of the Mt Todd mine. President and CEO Frederick H. The company pointed out that situated approximately 250 km southeast of Darwin, Mt Todd is the largest undeveloped gold project in Australia and, if developed as presently designed, would […]
Monday, the regional central bank released the results of its May consumer expectation survey. According to some economists and analysts, the Federal Reserve has been effective in managing inflation expectations. Although gold prices have struggled to push above $1,900 an ounce, many market analysts remain bullish on gold as a hedge against rising price pressures. […]
trading Monday, but have made a good recovery from the sharp losses seen in early trading, which took gold prices to a four-week low. monetary policy, focus will be on the Fed’s tenor on inflation prospects and when the central bank will start to taper its very easy money policies. However, they are fading as […]
The safe-haven bulls are fading amid a global trading environment that sees robust risk appetite amid no major geopolitical or economic speed bumps on the investment road. monetary policy, focus will be on the Fed’s tenor on inflation prospects and when the central bank will start to taper its very easy money policies. Bears’ next […]
The FED is wrong as they have been throughout history and like markets, we don’t expect this time to be different. The FED has a sneaky plot to digitize the currency, making it easier with their plans and ignorance. There is no guarantee that the metals will break out or that it will be to […]
Below that there is another zone to watch but only if the bears get more control of the market. There was also a trendline break and normally when this occurs the price often retests the trendline and it can be a good technical signal. …Read the full story
The only metal that appears to have it right is Silver, and prices rose 57% since last June when commodities and inflation had bottomed, and the technicals look to set up for another potential breakout. Over the past 13 years contributing to Kitco, I have spoken to many of you, and you have indicated that […]
Meanwhile, the company also announced that measured and indicated mineral resources for the Eleonore Zone increased by 127% to 214.7 koz of Au compared to 94.2 koz of indicated resources reported in March 2018. The FS envisages a base case scenario of a 1,000-tonne-per-day processing plant that can be easily expanded to 2,000 tpd. We […]
After two strong months of rising prices, we are starting to see sentiment shift in the precious metal market. Stripping out volatile food and energy prices, consumer inflation pressures rose 3.8% for the year, the strongest rise since 1992. Briton Hill, president and partner at Weber Global Management, put the growing inflation threat into perspective […]
