Gold and silver trade slightly higher leading into the EU open
(Kitco News) – Gold and silver have edged slightly higher leading into the EU sessions. Gold found support last week at $1785.13/oz and this is the level to watch if there is to be any bearishness this week. The silver chart looks slightly more positiv…
Read moreTreasury secretary who abolished gold standard: George Shultz dead at 100
(Kitco News) – Wages and prices were frozen, a surchage on imports was implemented, and the U.S. dollar’s direct convertability to gold was abolished. The result was a shift from the Bretton Woods system to an international regime of free-floating fiat…
Read moreWhy a lousy jobs report could be a turning point for precious metals
(Kitco News) – On Friday Christensen recorded Kitco Roundtable podcast with mining audiences manager Michael McCrae, correspondent Paul Harris and ValOre Metals CEO Jim Paterson.
Read morePebble Partnership served with grand jury subpoena in Alaska
(Kitco News) – A subpoena issued in connection with a grand jury investigation apparently involving previously disclosed recordings of private conversations regarding the Pebble Project.
Read moreIs the silver squeeze really dead? Here’s some great news for silver price
(Kitco News) – Silver received an unprecedented amount of attention this week. But one big misconception in the whole silver saga was that the Reddit community was united in the call.
Read moreChina keeps burning through its gold reserves fastest in the world – report
(Kitco News) – According to the preliminary data released by the U.S. Geological Survey (USGS), global recoverable mine gold reserves in-situ amounted to about 53,000 metric tonnes in 2020, which is 6% more than 50,000 tonnes reported in 2019.
Read moreWhich will come first: $300k Bitcoin or $9k gold? Florian Grummes
(Kitco News) – If Bitcoin retraces $20,000 and falls below that key support level, then “something is wrong” said Florian Grummes, managing director of Midas Touch Consulting.
McEwen Mining secures funding to expand Fox Complex
(Kitco News) – McEwen Mining (NYSE and TSX: MUX) today announced an oversubscribed registered direct offering with several existing and new institutional investors for the sale of an aggregate of 30,000,000 shares of common stock at a purchase price of…
Read moreGold price oversold, but risk of another $100 selloff remains – analysts
(Kitco News) – Gold was oversold this week after prices tumbled below $1,800 on Thursday. And even though analysts remain firmly bullish on gold next week, there is still a risk of another washout below $1,700.
Read moreEskay acquires 19.5% of Garibaldi Resources from Sprott
(Kitco News) – Eskay Mining (TSX-V:ESK) announced Friday that it has entered into an agreement with the Sprott Foundation to acquire 23,703,688 common shares of Garibaldi Resources valued at $10,782,000 in consideration for the issuance of 4,211,719 wo…
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