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Silver is now trading like a currency look for higher prices – Kootenay Silver CEO Silver has seen significant momentum in the last two months as it is now outperforming gold. One mining executive said that all-time highs are not out of reach for the precious metal with this strong tailwind. In an interview with Kitco News on the sideline of the Mines and Money Online Connect global virtual mining conference, Jim McDonald, CEO of Kootenay Silver, said that unprecedented…

Silver's fundamentals are stronger than gold – Randy Smallwood The gold/silver ratio continues to hover near its lowest level in a month as silver continues to play catchup within the precious metals markets. On the sidelines of the Mines and Money Online Connect virtual mining conference, Randy Smallwood, president and CEO of Wheaton Precious Metals, said that now is silver's time to shine. It is only a matter of time before the metal follows in gold's footsteps and hit record…

Anglo Australian eliminates all third-party royalties at Mandilla Gold Project Anglo Australian Resources (ASX: AAR) reached agreements to end royalty payments at its Mandilla Gold Project, located 70km south of Kalgoorlie in Western Australia. The first royalty holder, which was due to receive $1 per tonne of gold ore mined and treated, will receive 1,142,588 ordinary AAR shares at a deemed issue price of $0.175 per share The second royalty holder will receive a US$400,000 paylout. The extinguished royalty agreement…

A split congress in November would be bad for gold – Forexlive.com Although the gold market has struggled to hold on to $2,000 an ounce, one market analyst encourages investors to look past the current volatility and focus on the broader trend currently in place. Adam Button, chief currency strategist at Forexlive.com, said that he sees the current price action as a healthy consolidation period. "If you think about a long-term bull market, you don't want to see a nonstop…

The ‘J. Powell Paradox’ and Gold Pricing The ‘J. Powell Paradox’ is a scenario in which the Federal Reserve begins to send out signals indicating moves in the future, which are then backed up by a more comprehensive explanation of what the Fed is planning on doing, and their intent or desired result from these actions. However, market participants are not quick to react to the anticipated changes. In some cases, this creates a knee-jerk effect opposite to what the…

Jackson Hole Wyoming, the economic event of this summer Since 1978 the Federal Reserve of Kansas City has been sponsoring an annual economic symposium. Central bankers and finance ministers from around the world attend the symposium to focus upon critical economic issues. Former Federal Reserve Chairman Ben Bernanke moved the venue to Jackson Hole Wyoming in 1981. According to Investopedia, “The Jackson Hole Economic Symposium is one of the longest-standing central banking conferences in the world. The mission of the…

Gold price starting the week under pressure, market looks vulnerable The gold market is starting a new trading week on the back foot as the U.S. dollar continues to find new buyers. December gold futures last traded at $1,942 an ounce, down 0.26% on the day. Meanwhile, the U.S. dollar index last traded at 93.15, roughly unchanged on the day. Gold's selling pressure comes after it was unable to hold $2,000 an ounce last week. According to some analysts, after…

Warren Buffett was drawn to Barrick Gold for all the usual reasons Kitco MEDIA · Warren Buffett was drawn to Barrick Gold for all the usual reasons Barrick Gold's moat makes the company a natural fit for Warren Buffett and his investment philosophy, said Kitco's special correspondent Paul Harris during the Kitco Podcast recorded on Friday. Harris was joined by Kitco editor Neils Christesen and mining audiences manager Michael McCrae. Special guests were the executive team from American Pacific Mining…

Should you be buying dips in gold price, silver price? The U.S. dollar rally has been stealing the attention from gold and silver, making the recovery in precious metals prices more difficult, according to analysts. But can this dollar rally be trusted? Or should investors be focusing on buying the current dips in gold and silver instead? The dollar-gold correlation will be one of the primary drivers for the precious metal in the short term, MKS PAMP Group said on…