The only thing that really matters for uranium prices is supply and demand, this according to Lobo Tiggre, principal analyst and editor of The Independent Speculator. “Ultimately…as much as uranium bugs are waiting to see whether or not President Trump will support uranium producers, at the end of the day, it’s really about supply and demand here,” Tiggre told
A recent incident involving Canada and America’s leaders has lead to some backlash against both sides, and it is clear that the American leadership does not take Canada’s Prime Minister very seriously, said Kevin O’Leary, star of Shark Tank and chairman of O’Shares ETFs. President Donald Trump has called Prime Minister Justin Trudeau “two-faced” following a video that has surfaced of what appears to be the Canadian leader alongside other world leaders mocking the U.S. President at Wednesday’s NA
If history were to repeat itself, the recent escalation of the trade wars could result in a recession, this according to Doug Casey, founder of Casey Research. “It was the Smoot–Hawley tariffs that really brought on the last Great Depression, and it could happen again this time. The world is much more involved in trade now than it was in the 1920’s,” Casey told
With President Donald Trump signaling that he is willing to push any resolution to the trade war negotiations with China to beyond the 2020 presidential elections, the U.S. economy could see a slowdown, particularly in certain sectors, this according to Christopher Vecchio, senior currency strategist of IG Group. “One thing that really sticks out to me right now with this trade war is that farm bankruptcies are up 24% year over year. We’ve spent close to $30 billion bailing out farmers. That’s m
The current bull cycle for gold prices is still in progress, and it’s only a matter of time before price levels for the yellow metal hit $2,000 an ounce, this according to Sean Boyd, CEO of Agnico Eagle. “We’re still in that bull market that started in 2015. This is just the initial phase,” Boyd told Kitco News. “We think in this cycle gold will hit a new high in U.S. dollars. Ultimately, we’ll get to $2,000, may take two or three years.”
From a macroeconomic perspective, several of the longer-term problems that would be bullish for gold will likely manifest in 2020, including a recession and an escalation of the trade wars tensions with China, this according to Peter Hug, global trading director of Kitco Metals. “From a physical perspective, if you’re an investor from a medium to longer term perspective, you just stay with this market and if your holdings are under your percentage allocation that you were looking to apply to you
Newsletter writer Eric Coffin said August was a good month for junior financings but September went “ice cold.”Eric Coffin, who is with Hard Rock Advisors, spoke to Kitco earlier this month at the Metals Investors Forum held in Vancouver. Coffin said a number of companies have found it extremely difficult to raise money. “That seems to be turning. I have seen several bought-deals announced,” said Coffin. Coffin is hopeful the turnaround lasts and sparks a rally. “Th
While the U.S.-China trade conflict has been driving gold higher, Chen Lin said the riots in Hong Kong could also spur precious metals to new heights.Lin spoke to Kitco at the Metals Investor Forum held earlier this month. Chen Lin is a newsletter writer for CHEN’s Stock Picks.Chen said Mainland China takes advantage of Hong Kong’s free trade status and runs lots of products through its ports. If the U.S. revokes Hong Kong’s status, it could have a big impact on trade.”If
On getting to a mining industry with better social acceptance, Ross Beaty said problems with tailings are holding the industry back. Ross Beaty, chairman and founder of Equinox Gold, spoke to Kitco News earlier this month at the Metal Investors Forum in Vancouver. “Tailings is the one Achille’s heel of the mining industry, because one tailings spill happens once a year somewhere in the world, and it’s awful because it’s all preventable,” said Beaty.
Monetary policies continue to be the dominant driver for gold’s next critical level, this according to Dan Oliver, founder of Myrmikan Capital. “What I look at is the balance sheet of Federal Reserve,” Oliver told Kitco News. “When [government] bonds finally break down, and they will break down someday because congress is insolvent, the only thing else on the Fed’s balance sheet is of course the gold, because they said they have 8,100 tonnes of gold.”
China’s big move for the 21st century is to pull a “trap door” on the U.S. by launching a gold-backed crypto currency that will devalue the U.S. dollar to “zero,” this according to Max Keiser, host of the Keiser Report. “[China] is rolling out a cryptocurrency, a lot of the details have not been divulged. I can tell you that the cryptocurrency that China’s rolling out will be backed by gold. It’s a two-pronged announcement. Number one, China’s got 20,000 tonnes of gold, number two, we’re rolling
Smallwood spoke to Kitco News earlier this month at the Metal Investor Forum in Vancouver. Despite gold’s recent pullback, Smallwood notes that gold has been well supported by central bank buying.”We haven’t seen a retail push into precious metals yet. We’ve seen a bit, but not a lot. And when that happens, we will see a really big movement in the precious metals space,” said Smallwood.Gold was trading north of $1,500 for much of August. Spot gold is currently tradi
While the Federal Reserve seems to hold a neutral view of the economy in the medium-term, prominent investors like Ray Dalio, as well as central banks, are stockpiling safe haven and hedge assets to prepare for what they believe is a coming economic downturn, this according to Phil Streible, senior market strategist of RJO Futures. “One of the guys who I really follow, Ray Dalio and Bridgewater, they came out and bought about a billion dollars worth of put options in the S&P 500, so that tel
Gold prices are still in a bull market despite sideways price action of late, says Bloomberg Intelligence’s Mike McGlone. “We’re back to more normalization. It’s a bull market, it’s been brewing for years,” McGlone told
Serbia has just joined the ranks of other European central banks and bought nine tonnes of gold, and this could signal a looming economic crisis that the banks are preparing for, said Rory Hall, publisher of The Daily Coin. “If you look at the central banks and their buying, or their acquiring of all the gold, they’re not acquiring all the gold for souvenirs or trinkets. Gold was moved to a tier one asset last year, so there’s something going on,” Hall told
As the rise of digital assets allows swifter movement of capital, investors now have an alternative asset to buying physical gold: digital gold. Using Vaultchain technology, which is a ledger platform based on blockchain, Tradewind is connecting investors with physical gold bullion through electronic records.