August gold futures were last up $14.00 at $1,783.00 and July Comex silver was last up $0.051 at $26.02 an ounce. Nymex crude oil futures are a solidly higher, trading around 72.79 a barrel and hit a 2.5-year high today. However, with many economic indicators pointing to the stronger potential for higher inflation creating problems, […]
However, commodity analysts at Bank of America are not expecting the new regulations to increase gold demand. “Gold held in unallocated accounts, similar to currency deposited, can be used by banks for their normal conduct of business. “In our view, rising funding requirements for unallocated gold means that financial institutions 1) either reduce the bullion […]
The share exchange ratio implies a mix of C$0.42 in cash plus 0.1742 of a Gold Royalty share per Ely share on a fully diluted, in-the-money, and fully pro-rated basis . Ely Gold Royalties is a Nevada focused gold royalty company. …Read the full story
Lagarde added that although inflation pressures are pushing higher throughout the euro area, they are being driven by temporary factors. “While partly reflecting improved economic prospects, a sustained rise in market rates could translate into a tightening of wider financing conditions that are relevant for the entire economy. “Residential real estate prices continued to grow […]
Interest in gold among hedge funds and money managers has been waning in recent weeks as the price has been unable to hold gains above $1,900 an ounce. However, as speculators were liquidating in the futures market, investors were bargain hunting in the ETF market. Ole Hansen, head of commodity strategy at Saxo Bank, said […]
Pursuant to the ASPP, the company said that the designated broker may purchase up to 5,000,000 Shares until the expiry of the NCIB on June 8, 2022. The company added that outside of the ASPP, shares may continue to be purchased under the NCIB based on management’s discretion, in compliance with the rules of the […]
We’ve argued that Gold is building the handle on a cup and handle pattern and that it would not break to the upside this year. In my experience, big money is made by buying fundamental quality with upside and holding it for a few years. These are companies you can buy and hold for a […]
However, with many economic indicators pointing to the stronger potential for higher inflation creating problems, one major indicator does not: U.S. In other news, Bitcoin prices fell over 10% after China authorities said banks and payment institutions cannot provide payment services for crypto-currency related transactions. Prices have dropped well below the key 200-day moving average […]
In the rest of the commodities complex, copper is around half a percent higher and spot WTI is 0.72% in the black. …Read the full story
“If you look at transactions involving Bitcoin, to this day, the majority continue to finance all sorts of illicit activities,” Berezin said. …Read the full story
The non-illegal use cases of Bitcoin have not grown, in fact, they have declined in recent years, said Peter Berezin, chief global strategist at BCA Research.Berezin told David Lin, anchor for Kitco News that Bitcoin is more likely to be a “fraud” than the future of legitimate investment. “If you look at transactions involving Bitcoin, […]
“If you look at transactions involving Bitcoin, to this day, the majority continue to finance all sorts of illicit activities,” Berezin said. …Read the full story
The decent trade below $1,879.3 projects this downward $24 minimum, $76 has brought in $38.2 of the pressure warned about below before holding the exhaustion at $1,772.6-67.2. NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold, Bitcoin, and Energy complex. Information provided in this […]
On a higher timeframe basis: We held exhaustion above at $64,735-$66,145 with a $65,520 high, which I said could roll this into a correction exceeding $11,000—we have seen $35,315 so far, but this “correction” also has a trending structure to it. The decent trade above $35,820 should bring in further pressure and I would take […]
However, a $100 drop in gold because the Federal Reserve could potentially raise interest rates by 50 basis points in two years feels to me like an exaggerated move. After all, gold had already fallen in recent days in anticipation of a possible change in direction on the part of the Fed,” said Commerzbank analyst […]
“There’s a lot of money that wants to be in the market, and it’s not scared yet. …Read the full story
