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Mining's biggest face-to-face goes virtual With PDAC 2021 announcing an all virtual show due to COVID-19 concerns, juniors and miners will have to learn to adapt. The Kitco podcast discussed the impact of PDAC's annual convention, the industry's biggest yearly get-together, on going virtual. Oreninc CEO Stephen Stewart joined special correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae, to record a podcast on Friday. "Well first and foremost, it's a shame. I'm sad that the PDAC…

Upcoming influencers for gold pricing Market participants and investors will focus on two primary factors which could have a profound impact on market sentiment. The two factors are the upcoming FOMC meeting scheduled to begin next week, and the Treasury Department’s report that this year’s budget deficit is nearly triple when compared to last year. The United States Treasury Department reported today that the federal budget deficit in the United States is now above $3 trillion with one month remaining…

AM-PM Roundup Gold, silver firmer amid weaker greenback Gold and silver prices are modestly up in midday U.S. trading Thursday, supported in part by a weaker U.S. dollar index on this day and by the overall bullish chart postures for both metals. Prices are well their daily highs, however. October gold futures were last up $8.50 at $1,955.30 and December Comex silver was last up $0.157 at $27.245 an ounce. Global stock markets were mostly weaker overnight. U.S. stock indexes…

A scenario to end gold's bull run looks increasingly unlikely – Invesco The gold market, as it continues to hold critical support, above $1,900 an ounce, is in no danger seeing its current uptrend ending anytime so according to one investment firm. In a commentary published last week, Talley Léger, Investment Strategist at Invesco, said that the fundamental outlook for gold that has driven prices to nearly double since the lows in late 2015 isn’t going away anytime soon. December…

Dollar strength and U.S. equities under pressure are supportive of gold and silver Considering today’s extremely strong U.S. dollar, coupled with a major decline in U.S. equities, the fact that both gold and silver are trading higher on the day is extremely impressive. Currently the dollar is up just over 0.75%, which is a net gain of 70 points, taking the dollar index to 93.425. As of 3:48 PM EST gold futures basis the most active December contract is trading…

All eyes on the ECB and potential currency devaluation rate All eyes will now be watching the European Central Bank to see if they will do anything to push inflation pressures higher.  Although new stimulus measures from the ECB would boost the U.S. dollar and, in turn, drive gold prices down, analysts have said that investors should look past this short-term volatility and focus on the bigger picture: a new lap in the global race of currency devaluation. Marc Chandler,…

Why juniors could trade higher, and what could hold them back With all the money raised, juniors should have the means to post lots of drill results this fall, said James Kwantes, editor of Resources Opportunities. Kwantes was joined by special correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae, to record a podcast on Friday. In recent months the financing tracker Oreninc noted some exceptional weeks for juniors raising funds on the back of higher precious…

MIT professor – this new battery could change the world, these metals needed In order to transition towards a fully renewable energy-based economy, the problem of intermittency in non-fossil fuel electricity generation first needs to be solved, said Donald Sadoway, professor of materials chemistry at MIT. “I wanted something that was versatile and could go wherever you needed to have the gap, bridge, when the sun isn’t shining and wind isn’t blowing,” Sadoway told Kitco News. Sadoway, who was named…

Global stocks falter as tech stays weak, dollar dips after three-day run NEW YORK (Reuters) – A gauge of global stocks fell for a second straight day on Friday and marked its biggest weekly percentage drop in nearly three months, while the dollar ran out of steam, ending a three-day run higher, after a U.S. payrolls report painted a weaker economic picture. U.. job growth slowed in August as financial aid from the government was depleted, with nonfarm payrolls increasing…

U.S equities move strongly lower, after hitting new record highs yesterday After hitting new all-time record highs in both the NASDAQ composite and S&P 500, profit-taking and selling pressure today took all three major indexes dramatically lower. The largest drawdown today occurred in the indices that has performed the best of all three major indexes, the NASDAQ composite. After closing above 12,000 yesterday the NASDAQ composite opened at 11,859 this morning, and was at 11,458 by the close. The selling…