Silver could be the poster child for the new commodity bull supercycle – Wells Fargo
(Kitco News) – The silver market continues to recover from its recent rollercoaster ride after retail investors, organized through social media, tried and failed to induce a short squeeze to drive prices higher.
Read moreIs Bitcoin really a ‘Ponzi scheme’? Lyn Alden explains true value
(Kitco News) – Bitcoin does not fit the narrow definition of what a Ponzi scheme is, said Lyn Alden, founder of Lyn Alden Investment Strategy, who said that $50,000 is the next resistance level.
Read moreBank of America still calling for $2,000 gold price but headwinds are picking up
(Kitco News) – There is still potential for gold prices to push above $2,000 an ounce in 2021; however, analysts at Bank of America (BoA) see growing risks to the upside as inflation fears appear to be contained.
Read moreBlackRock sells off gold and focuses on silver
(Kitco News) – The world’s biggest asset manager BlackRock is getting out of gold and into silver as it sold 2.7 million of its SPDR Gold Shares (GLD) and bought 1.18 million shares of iShares Silver Trust (SLV) in the fourth quarter of 2020.
Read moreGold hit hard by little risk aversion, bounce in greenback
(Kitco News) – Gold futures prices are trading sharply lower in midday U.S. action Monday and have fallen back below the key $1,800.00 level. “Risk-on” trader and investor attitudes and a rebound in the U.S. dollar index today worked against the safe-h…
Read moreGaliano Gold exceeds annual production guidance, generates record revenue in Ghana
(Kitco News) – Galiano Gold (TSX: GAU) (NYSE American: GAU) today reported preliminary Q4 and full-year 2020 operating results for the Asanko gold mine, located in Ghana, West Africa.
Read moreGlencore reports net loss of $1.9B in 2020, elects not to pay dividend
(Kitco News) – Glencore, one of the world’s largest global diversified natural resource companies, today reported that its annual net loss attributable to equity holders increased by 371%, from $400 million in 2019 to $1,900 million in 2020
Gold prices at session lows following strong rise in New York Fed Empire State survey
(Kitco News) – Gold prices are trading at session lows following stronger than expected positive sentiment in the New York Region manufacturing sector, according to the latest data from the New York Federal Reserve.
Gold sees price pressure amid upbeat trader attitudes
(Kitco News) – Gold futures prices are trading solidly lower in early U.S. action Monday, as U.S. stock markets are again in rally mode and trader and investor risk appetite is robust.
Read moreBitcoin daily chart alert – Prices power above $50,000 – Feb. 16
(Kitco News) – Bitcoin-U.S. dollar prices are higher in early U.S. trading Tuesday and hit an all-time high above $50.000 today.
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