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Gold Futures technical analysis

(Kitco News) – Gold has been retracing over the last couple of sessions and the 4-hour chart below shows the previous wave high has been broken at $1711.4/oz.

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Morgan Stanley goes bullish on the dollar

(Kitco News) – In a change of view investment bank Morgan Stanley have now changed their mind on the greenback.

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Gold is flat leading into the EU session

(Kitco News) – Gold and silver are mixed leading into the EU session this morning. Gold trades $15 above the $1700/oz level while silver is at $25.79/oz.

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Nuclear power ‘crisis” has created new national security threat – Amir Adnani

(Kitco News) – Nuclear power ‘crisis” has created new national security threat – Amir Adnani

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Chinese investors more likely to flag ESG concerns over American investors

(Kitco News) – “You’ll see now where 10 years ago ESG would be a little back in the presentation. It is now front-and-center. People want to listen and pay attention,” said Soni.

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Bitcoin breaks $55,000, hits 17-day high

(Kitco News) – Bitcoin’s all-time high was Feb. 21 when it crested $58,000.

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COVID-19 outbreak causes death at Brucejack

(Kitco News) – One person has died in relation to a COVID-19 outbreak at the Brucejack mine in northwestern B.C.

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Frank Holmes: Yields are like ‘rocket ship’; what happens when they crash back to Earth?

(Kitco News) – Yields cannot rise “hyperbolically” forever, and within the next 30 days they should mean revert, creating a very bullish environment for risk assets, said Frank Holmes, CEO of U.S. Global Investors.

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All commodities are entering a new supercycle – Will Rhind

(Kitco News) – A new commodity supercycle is showing signs of emerging, said Will Rhind, CEO of GraniteShares ETFs, and all commodities, the industrial, agricultural, precious, and energy sectors, will see a rise.

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Global zinc output dropped 6% in 2020; China was the biggest zinc producer – report

(Kitco News) – According to the preliminary data released by the U.S. Geological Survey (USGS), global mine zinc production was estimated to be 12.0 million tons in 2020, a 6% decline compared to 2019 (12.7 million tons).

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