CONTRIBUTED COMMENTARIES
Gold and Silver under pressure, Platinum flat
Todd 'Bubba' Horwitz - Jul 7, 2020 07:26AM(Kitco commentary) - Gold and silver are under pressure this morning, which is really no surprise after the recent rally. Both appear to be in the consolidation phase setting up the next move. This phase is very common in all markets as they prepare to continue their current trends.
Why gold? Why now?
Peter Krauth - Jul 6, 2020 01:46PM(Kitco commentary) - In his recent book Why Gold? Why Now?, author E.B. Tucker makes the definitive, undeniable case for everyone to own gold now.
Largest gold producing countries in 2019
Vladimir Basov - Jul 6, 2020 01:11PM(Kitco commentary) - According to the preliminary industry data, global output of gold in 2019 was ~3,300 metric tonnes, or in line with 2018 numbers. China produced ~420 tonnes of gold in 2019 and cemented its spot at the top of the list with a 19 tonnes increase in gold produced during the year.
Pandemonium: now is the time to own gold!
Wealth Research Group - Jul 6, 2020 01:11PM(Kitco commentary) - On April 1st 2019, the Bank of International Settlements designated gold as part of its Basel III regulatory framework, a tier-1 ASSET CLASS. Up until then, it was considered a tier-3 asset, which qualifies for 50% collateral, whereas tier-1 assets (same as USD cash and U.S. Treasury bonds) qualify for 100% COLLATERAL.
Ranked: lowest cost gold mines in Canada - 2019
Vladimir Basov - Jul 6, 2020 01:03PM(Kitco commentary) - Mines and Metals looked at costs at Canadaâ??s primary gold mines and ranked them based on total cash costs (TCC).
Gold takes the northern front at 1800
Mark Mead Baillie - Jul 6, 2020 12:59PM(Kitco commentary) - Gold at long (unthinkably) last has taken The Northern Front (1750-1800), reaching the Big Round Number this past Tuesday (30 June) at precisely 07:52:16 Pacific Daylight Time
The world's top 10 biggest gold mines in 2019
Vladimir Basov - Jul 6, 2020 12:38PM(Kitco commentary) - Muruntau mine in Uzbekistan was the worldâ??s largest gold mine by production in 2019. Five out of ten largest gold mines are owned / co-owned by Barrick.
Gold still in lower timeframe bearish correction, but testing line above 7/6/20
Moor Analytics - Jul 6, 2020 12:10PM(Kitco commentary) - I cautioned on 8/16/18 the break back above $1,179.7-$1,183.7 warned of renewed strength. We have seen $624 of this. The break above $1,347.0 projects this upward $80 minimum, $320 (+) maximum.
CPM Group Trade Signal - July 6 2020
CPM Group - Jul 6, 2020 10:35AM(Kitco commentary) - Gold prices have been in an uptrend in recent days, testing $1,800 now. Prices seem likely to continue to test $1,800, but also easily can retreat back to $1,780 over the next several days.
Market wrap - July 6th, 2020
Altonomy - Jul 6, 2020 10:18AM(Kitco commentary) - Cryptocurrencies, as represented by the CIX100 Index (in blue) outperformed traditional assets such as S&P 500 (in Red), and Gold (in Black), in 2020.
Gold Lower, Silver, Platinum Higher
Todd 'Bubba' Horwitz - Jul 6, 2020 07:39AM(Kitco commentary) - The Independence Day holiday is over and markets are resuming their regular trade.
The metals, money, and markets weekly by Mickey Fulp - July 03, 2020
Mickey Fulp - Jul 3, 2020 05:33PM(Kitco commentary) - The metals, money, and markets weekly by Mickey Fulp - July 03, 2020
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