Gareth Soloway, chief market strategist of InTheMoneyStocks, discusses potential corrections for both Bitcoin and the stock markets and trades to make during market volatility. The content provided herein is provided on an “as is” basis without any warranty of any kind, whether express or implied and your use of the information provided in said content […]
Just last week, we were talking about gold’s next target at its 200-day moving average at $1,850 an ounce. While gold remains an important long-term inflation hedge, it also faces short-term headwinds as the latest data puts pressure on the U.S. There is still no clear picture of the inflation outlook and the economic recovery […]
Despite the highest inflation figures since 2008, along with a stock market sell off, gold has been consolidating its outsized gains from last week. Then after technically becoming short-term overbought to begin the week, bullion has come under pressure in response to higher-than-expected inflation data. These figures came in just after China’s Producer Price Index […]
– Analysts are still watching gold’s $1,850 level closely as inflation pressures start to heat. Analysts have said that gold is in a sweet spot as more investors look for an inflation hedge. central bank looking to hold the line on its monetary policy, Melek said that it is only a matter of time before […]
Free cash flow in amounted to $2.5 million in Q1 2021 compared with $17.8 million in Q1 2020. …Read the full story
The company said that mining is underway at Morila Pit 5, a mining area located on the western margin of the Morila Super Pit. Firefinch added that approximately 100,000 tonnes of Morila Pit 5 ore have already been hauled to RoM stockpiles. Morila has produced 7.5 million ounces of gold since 2000; it was one […]
According to the statement, the MOU provides for a process of ongoing engagement and consultation between Marathon and Miawpukek. Marathon is a Toronto based gold company advancing its 100%-owned Valentine gold project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. Miawpukek Mi’kamawey Mawi’omi is a […]
Gold Mountain explained that several factors have contributed to the change in this resource estimate from previous estimates. …Read the full story
The company added that 310,000 ounces moved from underground into open-pit resource as compared to the historic 2013 estimate, and additional 200,000 ounces added to the open-pit resource from recent drilling as compared to the 2013 estimate. The Candelones oxide gold deposit is within the 100% owned Neita Fase II exploration concession located in Dajabón […]
The company reported net income of $31.8 million for the three months period ended March 31, 2021, compared to a net loss of $47.4 million for the previous year’s comparable period. The company noted that its 2021 gold production guidance at the Eagle gold mine of 180,000 ounces to 200,000 ounces is unchanged. Victoria Gold’s […]
He added, cases are surging in India, and outbreaks have been seen in various countries. When talking about the current state of the gold market, Gopaul said, “in Q1 2021, gold demand was 815.7t, as strengthening consumer demand mitigated the impact of ETF outflows as global economies continued to recover. The yield story has dominated […]
June gold futures were last up $15.10 at $1,839.10 and July Comex silver was last up $0.326 at $27.37 an ounce. economic data point of the day saw the retail sales report for April come in at unchanged, compared to forecasts for a rise of 0.8%, and compares with the mammoth gain of 9.8% in […]
Meanwhile, core retail sales, which strips out auto sales, dropped 0.8% last month, following March’s rise of 8.4%. According to some analysts, the latest retail sales numbers continue to show just how fragile the current economic recovery is. …Read the full story
– Gold moves into the last trading day of the week 0.12% higher overnight at $1829/oz, this comes after some solid gains during Thursday’s session. …Read the full story
In a statement released to Kitco News, the LBMA stated that “The incorrect information regarding March silver stocks, which has now been amended, arose from an incorrect data submission. LBMA is working to ensure such a mistake does not occur in the future. Currently, LBMA queries any submission which is off-trend than previous submitted numbers […]
Quarter-to-date, the company said, head grades have significantly increased compared to the first quarter and continue to trend positively, achieving an average of 6.3 g/t Au over the last three weeks. The company added that the ramp-up of the PureGold mine has gone exceptionally well during the second quarter, and the most recently mined stope […]
dollar index has also dropped to lower price levels on the day after being firmer overnight, and that’s friendly for the metals markets. The just-released producer price index for April came in at up 0.6% from March, which was double the 0.3% rise that was forecast. The equities bulls are on the ropes late this […]
