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Inflation is coming, preserve your wealth with gold – Degussa chief economist   Consumer prices may be showing muted inflation pressures as the world continues to feels the effects of the COVID-19 pandemic but a major inflation threat is looming on the horizon according to one chief economist. Thorsten Polleit, chief economist at Degussa In a telephone interview with Kitco News, Thorsten Polleit, chief economist at Degussa, said that instead of focusing on consumer inflation, investors need to pay more…

Gold ticks up ahead of the EU session Gold moved higher during the Asian session after the greenback lost some ground. Once again the yellow metal starts the EU session trading around the $1900 per ounce level. After the rout in stock markets in the US session, the Asian bourses held up pretty well. The ASX was the main laggard falling 1.70% but the Nikkei 225 (-0.04%), Shanghai Composite (0.10%) and Hang Seng (-0.75%) showed broad-based mixed sentiment. Silver is…

Fed Chair – 80% of global central banks considering digital currencies At a panel hosed by the International Monetary Fund earlier this week, Federal Reserve Chair Jerome Powell said that 80% of central banks around the world are exploring the idea of issuing central bank digital currency (CBDC), although the U.S. Fed has not made a decision to follow suit at this time. Powell’s statement echoes a research report released by the Bank for International Settlements (BIS) in January which…

SIDEX tripled its assets investing in this mining jurisdiction SIDEX is a fund that invests exclusively in junior exploration companies in Quebec, Canada. Since inception, the fund has grown by nearly three times. “The $50 million that was injected 20 years ago by our limited partners…since then we’ve returned $16 million, leaving a net money at play of $34 million, and our fund today is valued at about $95 million,” said Paul Carmel, CEO of SIDEX. The fund has two…

Brent Cook’s top gold stock picks, and top risks to flag Expanded margins have created an optimal environment to invest in miners, but investors should still watch for jurisdictional risks, including the inability for miners to access their sites due to the ongoing pandemic, said Brent Cook, founder of Exploration Insights. “If the company can’t get to site, that drops them down in terms of our interest,” Cook said. Cook’s top picks for mining companies include Bluestone Resources (TSXV: BSR.V),…

Headlines get ahead of themselves In this headline driven market, sentiment can easily overreact to any news story that talks about perceived optimism, or pessimism. In regards to whether or not the United States government will be able to pass fiscal stimulus legislation prior to the presidential election on November 3rd, and traders are hanging on each and every changing headline. Today market participants witnessed choppy trading in U.S. equities resulting in gains of just over ½ a percent in…

Year-end forecast – gold stocks to rally 60%, $2,300 gold price – Chris Vermeulen Gold stocks are showing short-term consolidation, but should they break resistance, another bullish leg could be sustained, pushing the VanEck Vectors Junior Gold Miners ETF (GDXJ) up to 60% higher in a few months, said Chris Vermeulen, chief market strategist of Technical Traders. “If we were to extend these [price levels to this year’s lows], which is where this first major bull flag pole ran to,…

Hurdles remain for a fiscal stimulus bill to pass Featuring views and opinions written by market professionals, not staff journalists. Commentaries & ViewsShare this article: Although the House, Senate and White House are working feverishly to come to an agreement and pass fiscal stimulus bill before the election, it seems that the differences are split three ways. Yesterday House Speaker Nancy Pelosi and the U.S. Treasury Secretary Stephen Mnuchin spent 53 minutes on a telephone conversation attempting to narrow the…

Sterling neutral as traders hope for Brexit trade deal LONDON, Oct 20 (Reuters) – Sterling traders kept the currency afloat on Tuesday as they searched for clues on how likely it was for Britain to reach a trade deal with the European Union by the end of the year. Price actions suggest investors lean towards a scenario where both parties eventually will agree on some sort of a deal, as they did last year over the divorce agreement. Sterling was…

Gold price meltdown? 'I'm not selling in front of the crash' says Lobo Tiggre Fears of a vaccine pushing the gold price down are overplayed, said Lobo Tiggre of the Independent Speculator. “ think this is another one of these overblown things. Yes, we have seen gold move on vaccine headlines, I don’t deny that, but it’s a mistake to think that 2020 gold is all about the vaccine,” Tiggre told Kitco News. The most important fundamental drivers of gold…