Precious Metals and Market News

News related to gold, silver and the markets

News Feeds

GATA

Ronan Manly: In delusional push, LBMA threatens to blacklist entire gold trading centres - 2:25p ET Tuesday, November 24, 2020 Dear Friend of GATA and Gold: Bullion Star researcher Ronan Manly reports today that gold refiners and marketers around the world are pushing back against the attempted imperialism of the London Bullion Market Association, which presumes to lecture and threaten them about their ethics even as the LBMA represents banks that routinely have been fined heavily fo...

If you like mining shares and GATA, subscribe to The Calandra Report - 2:23p ET Tuesday, November 24, 2020 Dear Friend of GATA and Gold: With gold and silver due to rebound from their latest smashdown inspired by the U.S. government, you might be getting the impression that the monetary metals are going to have the last laugh on infinite government money and that mining company profit margins, already getting strong, will get stronger. In that case you might want ...

Hugo Salinas Price: Governments seem confident that they can squelch bitcoin any time they want to - 12:20p ET Tuesday, November 24, 2020 Dear Friend of GATA and Gold: With bitcoin and other cryptocurrencies getting much publicity lately, Hugo Salinas Price of the Mexican Civic Asociation for Silver today offers some cautionary observations -- particularly that governments seem to be smiling at bitcoin, indicating that they are confident of being able to deal at their pleasure with any threat ...

New York Sun: Janet Yellen to Treasury? So much for Fed independence - From The New York Sun Monday, November 23 2020 News that Vice President Biden intends to nominate the former chairman of the Federal Reserve, Janet Yellen, to be treasury secretary certainly has its ironies. We're still in the midst of watching the Democrats maneuver to defeat the nomination to the Fed board of Judy Shelton on the grounds that she would compromise the independence of the Fed f...

Morgan's profit from gold business this year more than covers $920 million fine for market rigging - JPMorgan Dominates Gold Market with Record $1 Billion Precious Metals Revenue By Peter Hobson Reuters Monday, November 23, 2020 LONDON -- JPMorgan has earned record revenue of around $1 billion so far this year from trading, storing, and financing precious metals, vastly outperforming rival banks, two sources familiar with the matter told Reuters. The coronavirus has created a bonanza for inves...

Kitco News

Gold, silver continue to be punished by risk-on attitudes - (Kitco News) - Gold futures prices are solidly down again at midday Tuesday and hit a nearly five-month low. Silver is also suffering sharp losses this week and hit a three-week low today.

Bank of American neutral on gold price; no longer holding $3,000 target - (Kitco News) - The possibility of three highly effective vaccines in 2021 has changed the landscape for the gold market, according to analysts at Bank of America Securities.

Gold price fights for $1,800 as U.S. consumer confidence disappoints in November - (Kitco News) - Gold prices are trading near new daily lows as the U.S. consumer confidence index came short of market expectations in November.

Will gold price's next 'big move' soar to $2,400 or collapse to $1,600? - Chris Vermeulen - (Kitco News) - Will gold price's next 'big move' soar to $2,400 or collapse to $1,600? - Chris Vermeulen

Gold prices to peak at $2,300 in first half of 2021 - Societe Generale - (Kitco News) - Gold prices have room to move higher even with the market facing growing headwinds as potential COVID-19 vaccines boost positive investor sentiment; however, commodity analysts at Societe Generale said that they are looking for prices to peak in the first half of 2021.

$100k bitcoin next year: why 2021 will shatter all records - OKCoin CEO - (Kitco News) - $100k bitcoin next year: why 2021 will shatter all records - OKCoin CEO

Peak in gold price? Precious metal to drop below $1,650 in next two years, says Westpac - (Kitco News) - Gold's record high of $2,070 an ounce was likely the peak, at least for now, according to Westpac, which sees gold dropping below $1,650 in the next two years.

The CSE Presents: Mining Over Canada - The CSE is proud to present Mining Over Canada, our in-depth media series that explores the Canadian mining industry, sponsored by MNP, Odyssey Trust, Gowling WLG, and Kitco.

Minera Alamos is one step closer to start construction at Fortuna gold project - (Kitco News) - Minera Alamos (TSXV: MAI) announced today that it is in receipt of the complete approval documentation for the company's La Fortuna gold project in Durango, Mexico.

Ero Copper announces 78% increase in gold reserves at NX mine - (Kitco News) - Ero Copper (TSX: ERO) announced today significant increase in mineral reserve and resource estimate along with updated life of mine (LOM) production, capital and operating cost projections for its 97.6% owned NX Gold Mine, located in Mato Grosso State, Brazil.

Zero Hedge

AOC & 'The Squad' Confront Biden About Lack Of 'Progressive' Cabinet Picks - AOC & 'The Squad' Confront Biden About Lack Of 'Progressive' Cabinet Picks Tyler Durden Tue, 11/24/2020 - 18:30 Now that Joe Biden has announced all of his nominations for key positions shaping the administration's foreign policy and domestic economic policy, it's pretty clear that "the Squad" (which some have quietly blamed for the Democrats' surprisingly poor performanc...

"No Easy Fix": Australian Special Forces' Blood Lust & "Competition Killings" In Afghanistan - "No Easy Fix": Australian Special Forces' Blood Lust & "Competition Killings" In Afghanistan Tyler Durden Tue, 11/24/2020 - 18:10 Authored by Kym Robinson via The Libertarian Institute, Australia has a culture for war, and that culture breeds atrocities. The Australian government’s own inquiry has confirmed many of the allegations leaked by journalists regarding war crim...

Biden's National Security Pick Said US Should "Encourage" China's Rise & Not Contain It - Biden's National Security Pick Said US Should "Encourage" China's Rise & Not Contain It Tyler Durden Tue, 11/24/2020 - 17:50 Joe Biden's announced nomination for National Security Advisor, Jake Sullivan, had some interesting and eyebrow-raising words on China a few years back. The comments are even more relevant now as he's expected to assume this top cabinet position on ...

Bitcoin, Weed, and the Value Rotation Trade - Bitcoin, Weed, and the Value Rotation Trade Tyler Durden Tue, 11/24/2020 - 17:44 Senior editor Ash Bennington welcomes back Tony Greer of TG Macro to make sense of today’s price action as the equity markets roar to all-time highs. After the pair briefly discusses the significance of the news that Janet Yellen will likely be named Treasury Secretary, Tony shares his analy...

Grantham's Short Call Cost His Hedge Fund Over $2 Billion - Grantham's Short Call Cost His Hedge Fund Over $2 Billion Tyler Durden Tue, 11/24/2020 - 17:30 Back in June, value investing legend Jeremy Grantham decided he had had enough, and in a historic reversal for his traditionally bullish GMO Benchmark-Free Allocation Fund, took down exposure to US equities from a net 3-4% to a net short position worth about 5% of the $7.5bn por...

Maryland Governor Expands COVID-19 Snitch Line, Says 'No Constitutional Right' To Go Maskless - Maryland Governor Expands COVID-19 Snitch Line, Says 'No Constitutional Right' To Go Maskless Tyler Durden Tue, 11/24/2020 - 17:10 Maryland Governor Larry Hogan (R) says Americans have 'no constitutional right' to refuse wearing a mask during the COVID-19 pandemic, likening it to refusing to wear a seat belt or follow the speed limit. "It’s sort of like saying I have a...

The Dollar Is Being Systematically Destroyed, And We're On A Path That Inevitably Leads To Hyperinflation - The Dollar Is Being Systematically Destroyed, And We're On A Path That Inevitably Leads To Hyperinflation Tyler Durden Tue, 11/24/2020 - 16:52 Authored by Michael Snyder via The Economic Collapse blog, If we keep treating the U.S. dollar like it is toilet paper, it is just a matter of time before our entire financial system goes down the tubes.  At this moment, the dolla...

WTI Dips After Surprise Crude Build - WTI Dips After Surprise Crude Build Tyler Durden Tue, 11/24/2020 - 16:45 Oil prices roared higher today (along with energy stocks) with WTI topping $45 for the first time since March on the heels of ongoing positivity around vaccine timelines and the Biden transition process (as well as hopes for stimulus and uber-easy money for as long as anyone can see). “The fact tha...

"America Is Back": Beltway Hawks Giddy Over Biden's National Security 'A-Team' - "America Is Back": Beltway Hawks Giddy Over Biden's National Security 'A-Team' Tyler Durden Tue, 11/24/2020 - 16:41 Biden's message Tuesday as he unveiled the first six members of his national security and foreign policy team and let them speak for the first time is that "America is back" and is "ready to lead the world" once again. He reflected in making the in-person i...

Watch: CNN Declares Trump Will Form "Shadow Government", Hold "Counter Inaugural" - Watch: CNN Declares Trump Will Form "Shadow Government", Hold "Counter Inaugural" Tyler Durden Tue, 11/24/2020 - 16:20 Authored by Steve Watson via Summit News, In a deranged segment, CNN pundit Douglas Brinkley predicted that President Trump will form a ‘shadow government’ and hold his own ‘counter inauguration’ in January, in an attempt at ‘sedition’ and an overthrow o...

MarketWatch - Top Stories

Dispatches from a Pandemic: Pope Francis takes aim at anti-mask protestors: ‘They are incapable of moving outside of their own little world’ - In his new book, the pontiff asks, ‘What matters more — to take care of people or keep the financial system going?’

From jobs to child care: How this second surge in COVID-19 can damage your finances — as well as your health - More people were having trouble getting enough food on the table in early November compared to five weeks earlier.

Janet Yellen is poised to become Treasury secretary in a Biden cabinet — and here’s what that means for cash-strapped American families - ‘We are in for very, very rough economic times,’ one analyst tells MarketWatch.

Key Words: Dr. Fauci on Cuomo’s decision to review vaccines for New Yorkers after FDA approval: ‘Trust the process’ - The veteran immunologist in a Washington Post video interview: ‘The numbers can be stark, sobering and, in many cases, they can be frightening.’

The Moneyist: I gave my daughter $20K to start a company with her husband. They divorced and he got the business. Can I ask for it back? - The Moneyist replies: ‘I understand why this might stick in your craw, and you feel that the return of that money would be the right and proper course of action.’

The Moneyist: 5 golden rules if you end up talking politics with your family this Thanksgiving - ‘Thanksgiving dinner doesn’t need two headless chickens fighting over the soul of the nation’

Outside the Box: Why these 5 U.S. cities will bounce back from COVID-19 faster and stronger - How to measure a solid post-pandemic real estate investment.

Mark Hulbert: Here are your odds that stock prices will be higher at the end of 2021 - U.S. stocks rise in three out of every four years, especially the first year of a presidential term.

What's Worth Streaming: Here’s everything coming to Netflix in December 2020 — and what’s leaving - Oscar contenders 'Ma Rainey's Black Bottom' and 'MANK,' the eagerly awaited series 'Selena' and 'Bridgerton,' and much more on tap for the holidays

Personal Finance Daily: 5 golden rules if you end up talking politics with your family this Thanksgiving and how 4 college students spent an unprecedented fall semester - Tuesday’s top personal finance stories

GoldCore

Is Silver about to “Pop” or “Drop” [Chart] - The chart of silver at the moment shows that it is poised for a breakout move. It has failed on a number of occasions recently to close above resistance at $24.40. If we do see it closing above this level that could signal a quick move up to the next major resistance at $26.50. However […] The post Is Silver about to “Pop” or “Drop” [Chart] appeared first on GoldCore Gold Bullion Dealer.

Where Next for Gold & Silver [Charts] - Markets have struggled to find a clear direction as they attempt to digest US election news, debate performance, the impact of increased Covid-19 restrictions in many countries and vaccine news. The charts of gold and silver reflect the battle for dominance between the Bulls and the Bears. Today’s silver chart is a bit more crowded […] The post Where Next for Gold & Silver [Charts] appeared fir...

Opportunities in Short Term Weakness in Precious Metals [Charts] - Momentum selling took gold and silver through more levels of technical support yesterday the market dealt with a number of negative influences. The recent increase in volatility has forced a increase in margin requirements which tends to fuel short term selling in precious metals. This coupled with continuing short term weakness in the equity markets, […] The post Opportunities in Short Term We...

BullionStar

In Delusional Push, LBMA Threatens to Blacklist Entire Gold Trading Centres - As the London Bullion Market Association attempts to blacklist bullion markets such as Dubai, it has clearly gone too far this time.

BullionStar Financials FY 2019 – Year in Review - This post reviews BullionStar’s financial performance and milestones for the financial year ending 30 June 2019.

QE and Stimulus set to continue even with a Trump win - The 2020 US election is one of the most devisive in history, yet irrespective of who wins, rampant QE and fiscal stimulus will continue.

MishTalk

Wall Street is Celebrating Easy Money Under Yellen - Jim Bianco gives his thoughts on Janet Yellen in a Bloomberg interview.

The Eurozone Economy Plunges Back Into a Severe Decline - Eurozone business activity fell sharply as countries introduced more aggressive measures to counter rising COVID infection rates.

How Well is the US Doing on Trump's Deal With China? - Trade stats are available through September. China isn't close to honoring its commitments.

Michigan Certifies and Pennsylvania Tosses Trump Lawsuits - By a 3-0 vote with one abstention, Michigan certified Biden as the winner.

Janet Yellen Will Be the First Female Treasury Secretary - Former Fed Chair Janet Yellen will be the first woman to hold job if confirmed by the Senate.

James Rickards

Here Comes the New Recession - This post Here Comes the New Recession appeared first on Daily Reckoning. Compelling evidence about lockdowns… The Great Business Lockdown Part II… Why the great exodus from cities is bad for the country… The post Here Comes the New Recession appeared first on Daily Reckoning.

The Bogus Case Against Gold - This post The Bogus Case Against Gold appeared first on Daily Reckoning. There’s plenty of gold to support the monetary system — you just need to set the right price… The post The Bogus Case Against Gold appeared first on Daily Reckoning.

It’s Going to the Supreme Court - This post It’s Going to the Supreme Court appeared first on Daily Reckoning. The Supreme Court could deliver Pennsylvania to Trump… Why the Georgia Senate races are so critical… The post It’s Going to the Supreme Court appeared first on Daily Reckoning.

SRSrocco Report

Gold Retested $1,800 As We Forecasted Over Two Months Ago & Silver Eagle Sales Top 4 Million - Disregard all the hype, manipulation chatter, and the silly mantra stating that "Gold is now Dead."  The gold price was going to retest the $1,800 regardless of anything to do with Bitcoin's price rise or Janet Yellen becoming Treasury Secretary.  If investors understood the gold fundamentals and technicals...

Equinox Gold Mining & Technical Chart Update Nov 23rd - Equinox Gold has retested the lows that I forecasted two months ago when I first provided my analysis of the company.  However, there still may be more downside for the share price as Equinox Gold's Q3 Financials underperformed the industry.  As I mentioned in my initial analysis of Equinox Gold...

Metals & Market Update November 22nd & Preview On The U.S. Wind Energy Boondoggle - With the precious metals prices continuing to consolidate, what are the technicals showing for the next several weeks?  The direction of the gold and silver prices will depend on the action of the U.S. Dollar Index.  Over the past three months, the Dollar continues to retest its 100-month...

Wolf Street

California Legal Cannabis Sales Exploded. And California is Cashing In - On Fumes of Stimulus and to Soothe the Frustration.

“Monetizing Privacy”: The Fed Fans Out, Touting the “Digital Dollar.” This Time, How Consumers Would Benefit - But the problemita of pulling the rug out from under the entire banking system still needs to be addressed.

Taxpayers Face $435 Billion in Student-Loan Losses, Already Baked in: Leaked Education-Department Study - No one has ever put a number to it until now.

TF Metals Report

Another Liquidation Event - By TF 72 Comments | 28 Likes It appears that there is no longer any reason at all to own gold in any form. Didn't you hear that there's now a Covid vaccine and that the Biden/Yellen combo will solve all future debt and deficit issues? So, sell it all and buy stocks and Bitcoin...at least that's what The Banks hope you do. What a truly exasperating past few weeks this has been. Of course I ...

Turkey Week - By TF 61 Comments | 20 Likes It's Thanksgiving Week in the U.S. and the week begins with a real turkey of a day as the latest "flash" PMI numbers for November are used as cover to "flush" the Comex metals. It's a good thing this week is my favorite for excessive wine drinking as it looks like I'm going to need it. All was well until just a few minutes ago. Well, not really. It was somewhat...

Alright, It's Friday!! - By TF 120 Comments | 22 Likes When the LTs were little, we would scream this in the car on the way to school. Friday is always the best day of the work week and it was just our way of getting excited for the weekend. And after how this week has gone, we should all be excited that it's nearly over. As a further benefit, today is actually working out quite well...so far. After the scare of y...

Gold-Eagle News

Gold Price Forecast: Gold In Consolidation - Stocks Minimum Decline Met - By Jim Curry - December 08, 2019Last week's trading saw gold bottoming on Monday, here doing so with the tag of the 1459.80 (February, 2020 contract). From there, a sharp rally was seen into mid-week, with the metal pushing all the way up to a high of 1489.90 - before selling...

Sell The NASDAQ Index…And Buy Gold - By Egon von Greyerz - December 04, 2019In the long history of governments and central banks deceiving the people, August 15 1971 was just another date in the calendar. Throughout history, the ruling elite has always cheated the people. But the leaders’ irresponsible actions are...

Gold Price Forecast: Gold Prepping For Multi-Week Rally - By Jim Curry - December 01, 2019Last week's trading saw gold forming its low early in the week - here doing so with the tag of the 1456.70 figure (February, 2020 contract), made on a Tuesday time bottom. From there, strength was seen into later in the week, with the metal...

GoldSilverWorlds

Media Celebrates after Trump’s Pro-Gold Fed Nominee Gets Blocked - It was only after he entered politics that President Donald Trump began to fully grasp the bias, dishonesty, and fakeness that runs throughout the so-called mainstream media. But gold bugs and sound money advocates have long known to distrust the reporting of establishment news sources. Journalists’ anti-gold and anti-Trump biases converged this week as the Senate took up President Trump’s nomi...

A Crooked TV-Based “Rare Coin” Dealer Strikes Again - The biggest factor in whether your metals investment will make money will often be whether or not you purchase your metal at a fair price. It is easy to compare prices and avoid getting ripped off, but investors must take the time to do it. If a would-be investor’s first and only call is to (or from) a shady rare coin dealer advertising on television or radio, they are all but certain to get sc...

You May Have Overlooked These “Sleeper” Precious Metals - Precious metals markets got off to a rocky start this week as Wall Street celebrated promising developments on the vaccine front. On Monday, stocks surged while gold and silver sold off hard. That selling didn’t bring downside follow through, however. The metals held trading range support levels and pared some of their earlier losses heading into this Friday the 13th. A metal we don’t often tal...

Jim Sinclair

In The News Today - Bill Holter’s Commentary Erik on Bitcoin and gold.

Hyperinflationary Great Depression Coming – John Williams - By Greg Hunter’s USAWatchdog.com (Saturday Night Post) Economist John Williams says don’t think the happy news on CV19 vaccines is going to get the economy back to normal anytime soon.  Williams explains, “Put all the political turmoil aside for the moment.  The markets respond that this (CV19 vaccines) is going to turn the economy.  My... Read more »

Giuliani’s Legal Team Dropping Bombs - Great and Wonderful Friday Morning Folks,       After the bombs were dropped during the Giuliani press conference regarding multiple levels of voter frauds, Gold has reversed with the trade at $1,869.80, up $2.90 after hitting $1,874 during the London trade with the low at $1,864.70. Silver is up 13.6 cents with the trade at $24.30... Read more »

Silver Doctors

2021 Would Be a Great Time to Audit the Fed - Gone are the days of the Fed hiding in the shadows. Now it’s a woke central bank fighting for climate and racial justice. Progressives must not fall for… by Nick […]

Gold: Is It Time To Buy? - “Serious gold market accumulators…take note of the $1740 Fibonacci retracement area and the $1671 lows.” by Stewart Thomson of Graceland Updates Nov 24, 2020    1.   Another awesome day is underway on […]

BIDEN IS A NATIONAL SECURITY THREAT: A MATTER FOR THE DEPARTMENT OF DEFENSE - Joe Biden is a compromised, wholly corrupt career politician who represents a clear and present danger to the national security of… Bob Kudla with Sean on SGTreport Joe Biden is […]

Biden the Silver Bull - It may seem like an unlikely match. But there are some big reasons why Biden could become silver’s best friend… by Peter Krauth via Streetwise Reports It may seem like […]

Is Chocolate Next To Disappear In A Massive Wave Of Panic Buying, Just Like Toilet Paper? - Remember when the gold & silver market broke in March? Well, the futures market for cocoa beans is blowing-up, and that’s not all… (by Half Dollar) My family went out […]

Harvey Organ

NOV 24//LAST DAY FOR COMEX OPTIONS EXPIRY//THEN WE HAVE MONDAY OTC/LMBA OPTIONS//MASSIVE INCREASE IN GOLD TONNAGE STANDING AT THE COMEX: 26.79 TONNES/GOLD DOWN $33.00 TO $1807.25//SILVER DOWN 33 C... - GOLD:$1807.25 DOWN  $33.00   The quote is London spot price Silver::$23.29  DOWN $.33   London spot price ( cash market) Closing access prices:  London spot i)Gold : $1807.50  LONDON SPOT  4:30 pm ii)SILVER:  $23.29//LONDON SPOT  4:30 pm these people voted for Biden/Harris ticket! TONIGHT,  in the USA section, I have  continued to highlight the major stories which […]

King World News

Greed, Bullion Banks And Gold, Used Car Prices, US Debt And Why Gold Has Been Smashed - Here is a look at greed, bullion banks and gold, used car prices, US debt and why gold has been smashed. The post Greed, Bullion Banks And Gold, Used Car Prices, US Debt And Why Gold Has Been Smashed appeared first on King World News.

We’re Approaching Panic In The Gold & Silver Markets, But Look At This… - We are approaching panic in the gold and silver markets, but look at this... The post We’re Approaching Panic In The Gold & Silver Markets, But Look At This… appeared first on King World News.

DAY OF RECKONING: This Will Violently Reverse The Price Of Gold Higher - With a day of reckoning approaching, this will violently reverse the price of gold higher. The post DAY OF RECKONING: This Will Violently Reverse The Price Of Gold Higher appeared first on King World News.

Forum statistics

Threads
3,697
Messages
34,582
Members
355
Latest member
tera
Top