Kinesis money

Gold and silver continue to gain value as pandemic lingers Even with the intermittent drawdowns that both gold and silver pricing have experienced over the last few months, overall gains in both metals have been impressive and significant. Obviously higher pricing in both precious metals is the direct result of global central banks accommodative monetary policy, and in the United States the massive buildup of their internal balance sheet to implement quantitative easing. It is also obvious that these actions…

Yamana Gold's Q2 production is lower due to COVID-19 suspensions Yamana Gold (TSX:YRI) announced today gold production of 164,141 ounces and silver production of 2.01 million ounces. The gold miner released preliminary production results. Production was down compared to the previous quarter when gold production came in at 192,238 ounces and silver production was 2.73 million ounces. The company said that overall production in Q2 from most mines exceeded plan and the production in the company’s annual guidance. Costs were…

Gold’s recent rise occurred as a series of stair steps Just over one week ago, on Tuesday, July 7th, gold prices broke and closed above $1800 per ounce for the first time since November 19, 2011. Over this last week there have been two occasions when gold pricing on an intraday basis dipped below $1800. However, in both instances’ gold closed above that key psychological and technical price point. In fact, gold has remained above $1800 on a closing basis…

Rick Rule says gold 'overpriced' near-term; still 'wildly bullish' long-term The recent gold price rally may have gone "too far, too fast," said Rick Rule, president of Sprott U.S. "I think [gold] might be, in the near-term, overpriced. The truth is that gold bull markets, historically, have been extraordinarily volatile. It wouldn't surprise me to see gold go to $1,900, it wouldn't surprise me to see it go to $1,650," Rule told Kitco News. In the intermediate term, Rule maintains…

Gold market is starting to resemble elephants trying to fit 'through a really small door' The relatively small size of the gold sector could lead to out-sized investor gains, said Vrify CEO Steve de Jong. De Jong sat down for a podcast on Friday with mining reporters Neils Christensen, Michael McCrae and Paul Harris. Before founding Vrify, which produces virtual mine tours, de Jong had a huge success in the mining space at another firm. He headed Integra Gold, which…

Precious gift- $1,800 gold, and higher silver ahead Gold investors on the long side got a precious gift this past week: $1,800 gold! That means gold has gained 17.9% year-to-date, 29.1% in the last twelve months, and is at 9-year highs last seen in late 2011. Now that’s momentum. And the drivers for this rise have all the hallmarks of a sustained bull market. Let’s look at what some of these drivers are… According to the OECD, global unemployment will…

Gold and silver see healthy pullback, platinum fails at resistance Thursday's action in gold and silver was very bullish. Pullbacks in bull markets are really buying opportunities. If you always remember one thing in up trending markets: buying support is the best trade. It's just like selling rallies or resistance is the best trade in down trending markets. This morning gold and silver are rallying again and should reach their resistance levels before seeing another pullback. Based on the recent…

Silver – not a secondary metal Since the middle of March 2020, the iShares Silver Trust (NYSEARCA: SLV) has already seen rallies of more than 57%. It is now clear that these incredible moves have come as a decisive response to the market’s assessments of the global economic outlook post-coronavirus era. Ultimately, the recent rallies in SLV suggest precious metals assets still hold the top position as the most important safe-haven instruments. One of the many misconceptions about the proper…

A ticket to a golden rally, will gold break its all-time record high? For those investors, traders and market participants that actively trade or invest in gold, the last couple of trading days have truly been historic. Yesterday gold futures for the first time since 2011 closed solidly above a key psychological and resistance level which occurs at $1800 per ounce. That was followed today when physical or spot gold prices also traded above $1800 per ounce. Not since the…

Kirkland Lake sells its gold for $400 oz higher compared to a year ago Kirkland Lake Gold (NYSE:KL) said today that consolidated Q2 2020 production was 329,770 ounces, a 54% increase from 214,593 ounces produced in Q2 2019. Kirkland seemed to escape any major falls in output due to the pandemic, which suspended operations in Q1 and Q2 at several miners. Kirkland said its production results were largely unchanged from 330,864 ounces produced in Q1. Detour Lake Mine produced 131,992…