Gold touches $1,800 overnight
(Kitco commentaries) – On Friday we wrote that gold was in danger of breaking down. We saw a heavy selloff on Friday and overnight into this holiday trade, gold traded to $1,800. We expect the selling to accelerate to our new target of, $1770.
Read moreGold and silver push higher before the EU open
(Kitco News) – Gold (0.42%) and silver (1.16%) are both trading higher at the start of the week leading into the EU open. Risk sentiment has been poor overnight as the Nikkei 225 closed 0.97% in the red with the ASX also down -0.78%.
Read moreHong Fang: Will Ethereum eventually surpass Bitcoin in market value?
(Kitco News) – Hong Fang: Will Ethereum eventually surpass Bitcoin in market value?
Read moreLithium Americas says federal permitting process is complete
(Kitco News) – Annual production capacity is estimated at 60,000 tpa for Li2CO3. Phase one of the project will see 30,000 tpa for 3.5 years.
Read moreWhy elevated gold prices are leading to consolidation
(Kitco News) – “Early-stage exploration—that’s where the true value gets created. And I think from our perspective, that’s another sort of strategic emphasis. We’re bumping our exploration budget by 50% or $50 million in 2021. And that was prior to acquiring TMAC,” said Boyd.
Is a move to cash a threat? Fear is creeping in and gold price is falling – analysts
(Kitco News) – There is fear in the marketplace, with many analysts citing the still raging COVID-19 pandemic, deteriorating U.S. economic conditions, and a possible delay of the $1.9-trillion stimulus proposed by the U.S. President-elect Joe Biden.
Read moreRichest gold mines in Q2 2020
(Kitco News) – Hecla Mining’s Nevada mine complex in the United States was the highest-grade gold operation in the world (based on gold grade in milled ore) in Q 2020.
Bitcoin could be ‘wiped out’ if this happens – Ryan Giannotto
(Kitco News) – Bitcoin is one of the most unequally distributed assets in the world, with just under half a percent of all bitcoin investors owning more than 80% of all bitcoins, and should they liquidate, the market could see a substantial sell-off, s…
Read moreAura anticipates 22% to 42% production growth in 2021
(Kitco News) – Aura Minerals (TSX: ORA) announced Friday operational and financial guidance for the financial year ending December 31, 2021.
Read moreEldorado expects to produce less gold in coming years
(Kitco News) – Eldorado Gold today provided detailed 2021 production and cost guidance and an updated five-year production outlook.
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