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'A democracy cannot exist as a permanent form of government', so what's next? world has given way to the rise of populism, mirroring what happened in the 1930s, when after the Great Depression, populist leaders took power and World War 2 followed, said Bob Thompson, portfolio manager of Raymond James. "Sometimes the currency wars, competitive devaluations, etc. turn into real wars," he said. "We're not there yet, I'm not saying that's going to happen, but sometimes that's the case." One…

Post-Trump era? Gold price to see $2,000 next week as attention shifts to coronavirus – analysts The gold market is reaping the benefits of a lower U.S. dollar in an uncertain environment, where markets are betting on a Biden win. The precious metal began its rally Thursday with prices rising more than $50 amid uncertainty and weaker U.S. dollar as Democratic candidate Joe Biden maintained his lead against U.S. President Donald Trump. Based on the latest Electoral College count, Biden…

E.B. Tucker lays out investment 'war' plan as Biden edges closer to White House With Odds now stacked in Joe Biden's favor, it's now looking more likely that the next four years will see a Democratic president in the White House. E.B. Tucker, director of Metalla Royalty and "Why Gold? Why Now? The War Against Your Wealth and How to Win It" said that gold and gold royalty stocks still remain the ultimate weapons against the "war against wealth." Tucker…

Déjà Vu – it's happening again Okay, so it is not déjà vu. In fact, it’s only slightly reminiscent of the last presidential election held in 2016 in terms of how gold prices changed immediately following the release of the election results. In both cases the immediate reaction and move in gold was the polar opposite of what was expected. In 2016 analysts believed that if Donald Trump got elected gold would reach stratospheric heights due to the uncertainty of…

Markets react – what gold, stock prices say about election outcome As of 11:00 pm EST, the precious metals and equities futures markets are favoring a Trump re-election, this according to Peter Hug, global trading director of Kitco Metals. Gold fell 1.19% as of 9:30 pm EST, but rebounded when President Trump narrowed the lead from Vice President Joe Biden. As of 11:30 pm EST, gold is down 0.6%, the S&P 500 futures are up 1.3%, NASDAQ futures up 3%,…

Cameco calls tax decision 'incredibly disheartening and unfair' Cameco (NYSE:CCJ) received notice last week that Canada Revenue Agency has sought leave from the Supreme Court of Canada to appeal the June 26, 2020 decision of the Federal Court of Appeal, which found in favour of Cameco in its dispute of reassessments issued by CRA for the 2003, 2005 and 2006 tax years.   After two clear and decisive rulings in our favour from the Tax Court of Canada and the…

Markets getting starved for capital by 'casino-like funds' The mining industry is facing competition from passively-managed index funds which pull capital away from individual mining companies, said Jeff Christian, managing partner of CPM Group. “There’s a shift in the buy-side of the finance market away from investing in smaller companies and individual companies, and that has been reducing the amount of money readily available for mining investments,” Christian said. Christian noted that some of these passive index funds are beating…

The election is just days away, is gold the biggest winner? What was the real reason why gold tanked this week and what are the expectations come election day Tuesday? This week, gold dropped well below its key $1,900 an ounce level after being stuck there for weeks. Analysts pointed to higher U.S. dollar, lower equities and options expiration as the main reasons for the drop. But behind all of that noise were election jitters and more coronavirus fears as…