$1 billion penalty to be levied against JPMorgan for spoofing – Bloomberg
(Kitco News) – JPMorgan Chase & Co is facing a $1 billion penalty after U.S. authorities found that the bank unfairly manipulated the metals market, Bloomberg News reported today.
Use this gold price weakness as ‘aggressive buying opportunity’, says Goehring & Rozencwajg
(Kitco News) – Even though the first leg of the gold bull market is over, investors should use these temporary lower prices as an “aggressive buying opportunity” before the second leg of the rally kicks in and takes the precious metal above $10,000 later this decade, said Goehring & Rozencwajg Associates managing partner Leigh Goehring.
Look for gold mining investments in safe jurisdictions – Paulson & Co
(Kitco News) – The global COVID-19 pandemic has turned the world upside down and one investment fund recommends investors looking for value and opportunity in safe jurisdictions.
First Cobalt company downplays Elon Musk’s cobalt-free batteries
(Kitco News) – After trumpeting his vision for dropping cobalt from his batteries, First Cobalt (TSX-V: FCC; OTCQX: FTSSF) said Elon Musk will face a “formidable challenge” ditching the blue metal.
Read morePolyus pays $128.2 million for 100% of the world’s largest gold greenfield project
(Kitco News) – Russia’s largest gold producer, PJSC Polyus (LSE: PLZL), announced Wednesday it is buying out the holder of the Sukhoi Log deposit license, SL Gold Limited, for about $128.2 million.
Read moreGold, silver bulls staggered by near-term knock-down punches
(Kitco News) – Gold and silver prices are sharply lower in midday U.S. trading Wednesday. Gold hit a two-month low and silver fell to a seven-week low.
Read moreWhy central banks stopped buying gold and ETF inflows plunged – Jeff Christian
(Kitco News) – Why central banks stopped buying gold and ETF inflows plunged – Jeff Christian
Why central banks stopped buying gold and ETF inflows plunged – Jeff Christian
(Kitco News) – Why central banks stopped buying gold and ETF inflows plunged – Jeff Christian
Gold price story is not about a break higher, it’s about about sustained profitability: BMO
(Kitco News) – Gold’s current price action is not about a break higher, it is about sustained profitability, says BMO Capital Markets.
Read moreGold price story is not about a break higher, it’s about about sustained profitability: BMO
(Kitco News) – Gold’s current price action is not about a break higher, it is about sustained profitability, says BMO Capital Markets.
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