2021 was bad for gold. Unfortunately, 2022 doesn’t look any better, especially at the beginning. The end, however, gives the yellow metal some hope…Bye, bye 2021! It definitely wasn’t a year of gold. As the chart below shows, the yellow metal lost 5% of its value over the last twelve months, declining from $1,887.60 on December 30, 2020, to $1,794.25 on December 29, 2021. Thus,...Read More
GOLD STOCKS – WISHING AND HOPINGAs is the case with both silver (see Waiting On Silver) and gold, so too has the waiting game proved to be unprofitable for gold stocks. Wishing and hoping for better results doesn’t change the reality of losing (losing – “failing to gain or retain; being deprived of”). Below is a one-year chart of GDX…At its recent low of 29,...Read More
In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase...Read More
Spread the lovemorePRIVATE BLOG - Will Gold Survive Biden?Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/moreRead More
Company Recently Releases Positive Prefeasibility Study Citing a Pre-Tax NPV of $323 Million and IRR of 39.4% for its CK Gold ProjectCHEYENNE, Wyo., Dec. 8, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, will be presenting at the Benzinga All Access Conference, being held virtually on December 14, 2021. Please refer to the link and...Read More
Gold prices dropped 4.4% in 2021 against a strengthening dollar and new economic measures to combat the fallout of the global pandemic. Interest from investors continued throughout the year largely fueled by market volatility and economic uncertainty. Gold has traditionally served as a safe haven against inflation, but that wasn't the case this year. Consumer prices soared 6.8% in the 12 months t...Read More
LONDON, 7 December 2021 - Comment from BullionVault today leads gold-market news published by popular investment news-site Business Insider.The recent spikes in gold and silver prices "invited a little profit-taking among existing owners," it quotes Adrian Ash, director of research at BullionVault, but "new buyers continue to enter the precious metals markets, taking a position in physical bullion...Read More
LONDON, 3 December 2021 - In-depth analysis from BullionVault of Asia's world-leading gold demand is published today by Das Investment, one of Germany's leading personal finance magazines."Around 40% of global demand for gold comes from India and China," says the exclusive article."The peculiarity that unites both nations? Once the gold is in the country, in most cases it cannot be re-exported as...Read More
Proven and probable mineral reserves cites 1.01 million ounces of gold and 248 million lbs of copperCompany receives assessment for a pre-tax NPV of $323 million and IRR of 39.4%Management call replay is now availableCHEYENNE, Wyo., Dec. 2, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) ("U.S. Gold" or the "Company"), a gold exploration and development company, is providing direct access to...Read More
Company Provides Updates on Fast-Track Development Plan ProgressCHEYENNE, Wyo., Dec. 1, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) ("U.S. Gold" or the "Company"), a gold exploration and development company, is pleased to announce that it has completed the prefeasibility study ("PFS") for the Company's CK Gold Project and has published its SK-1300 Technical Report Summary.Prefeasibility...Read More
Management Team to Host Call on Wednesday, December 1, 2021 at 11 a.m. ETCHEYENNE, Wyo., Nov. 24, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, will host a conference call webcast on Wednesday, December 1, 2021 at 11:00 a.m. ET to update investors on recent developments of its mining assets and to discuss plans and objectives looking forward in...Read More
Gold and silver prices edged lower after a breakout on Wednesday. The US dollar continues to move lower, which provided some support for the yellow metal. However, U.S. Treasury yields declined following a softer than expected U.S. PPI figure. The wholesale price inflation numbers follow stronger than expected consumer price index data this week. Gold has struggled to break and retain above the $...Read More
ELKO, Nev., Nov. 22, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, today announced it will be featured as a presenting company at the H.C. Wainwright Mining Conference. The conference is being held virtually from November 30 - December 1, 2021.Edward Karr, founder of U.S. Gold Corp., will provide an overview of the Company's busin...Read More
Adam HamiltonArchivesNov 19, 2021 The mid-tier and junior gold miners in their sector's sweet spot for upside potential have been powering higher recently. They've blasted to several major breakouts after getting bombed out during gold-futures speculators' taper tantrum on Fed-tightening fears last summer. These smaller gold miners just finished their Q3'21 earnings season, revealing whether their...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Metals Focus, a leading independent precious metals research consultancy, estimated that gold jewelry market in the United States has remained robust through 2021, despite the slump in consumer confide...Read More
(Kitco News) According to analysts, with all eyes on the U.S. President Joe Biden's Federal Reserve Chair pick, gold is waiting for its next catalyst to take it to $1,900 an ounce, with markets eyeing year-end volatility.Gold is wrapping up this trading week down 1%, with December Comex gold futures last trading at $1,848.60, down 0.69% on the day.One of the main events the market is watching very...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - According to data by the Australian Government Department of Industry, Science, Energy and Resources (DISER), in 2021, world gold supply is forecast to increase by 2.7% to 4,840 tonnes, driven by highe...Read More
(Kitco News) - Although many Wall Street analysts expect gold prices to remainabove their breakout levels, sentiment has fallen from last week as theprecious metal is likely to consolidate in the near term.The gold prices didn't see much follow-through following theprevious week's breakout rally. However, many analysts have said that they areencouraged because prices have held well above critical...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Russian bank VEB.RF (VEB) announced today the signing of a loan agreement with the Uzbek Almalyk Mining and Metallurgical Plant JSC (AMMC), pursuant to which VEB will provide a loan to AMMC in the amou...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Centerra Gold (TSX: CG) (NYSE: CGAU) reported today that due to the recent heavy rain, flooding and mudslides in British Columbia, rail service between the Vancouver west coast terminals and the compan...Read More