Commentary As an escape from the dollar, an Arizona-based firm has revived a gold-standard remnant. In January, Monetary Metals issued a bond denominated in gold, the first of its kind in the United States in 87 years. Although this bond has garnered little fanfare, it’s a symbol of rising eagerness to opt out of Federal…
The Economy, Gold, Silver, and an Outlook on Biden’s White House
Prior to the presidential elections, analysts warned that the U.S. economy would have bigger challenges to face than in almost any prior election. Threats of yet another nationwide shutdown, talk of increased taxes, and plans to cut funding for some of the most vital job sectors have brought upon dismay. What does it really mean…
US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
NEW YORK—The United States Mint said on Tuesday it was unable to meet surging demand for its gold and silver bullion coins in 2020 and through January, due partly to pandemic-driven demand and plant capacity issues. Sales of U.S. gold bullion coins rose 258 percent in 2020 while silver coin demand was up 28 percent,…
Reddit Users Going After Silver for ‘Biggest Short Squeeze in the World’
A number of Reddit users on the popular r/WallStreetBets forum have said they are planning to launch a coordinated effort to target silver as their next short-squeeze target. Posts encouraged individuals to use the IShares Silver Trust, the largest silver exchange-traded fund, and carry out what one user called the “BIGGEST SHORT SQUEEZE IN THE WORLD.”…
UPDATE: Reddit Users Going After Silver for ‘Biggest Short Squeeze in the World’
Update: Top users on the Reddit WallStreetBets forum have called on others not to purchase silver, or SLV, saying that it could benefit Citadel LLC, while calling on others to purchase and hold GameStop and related stocks. Earlier Update: Top bullion dealers are encountering shortages. – A number of Reddit users on the popular r/WallStreetBets…
After Golden Year for Precious Metals, Silver Set to Shine in 2021
January 4, 2021
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Businessglobal economygoldGold PricesMarketsmetals industryPrecious MetalssilverSilver Pricesstock market
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After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy recovers from the impact of the coronavirus. The pandemic triggered stockpiling by investors looking to protect their wealth. This, alongside supply deficits,…
Australia Allows Chinese Purchase of Gold Miner While Canada Says ‘No’
December 31, 2020
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China’s second-largest state-owned gold mining company Shandong Gold has won a bidding war to gain control of Australian gold miner Cardinal Resources. This comes after Five Eyes’ partner Canada blocked Shandong from acquiring a local mine in the strategically important Arctic Circle. Over a seven-month period, the state-owned Shandong Gold vied mainly with Russian firm…
Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 22)
December 2, 0001
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Benchmark U.S. crude oil for November delivery rose 55 cents to $83.49 a barrel Thursday. Brent crude for November delivery rose 63 cents to $90.46 a barrel. Wholesale gasoline for October delivery rose 3 cents to $2.52 a gallon. October heating oil rose 8 cents to $3.41 a gallon. October natural gas fell 69 cents…
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