Catch up and get informed with this week’s content highlights from Charlotte McLeod, our editorial director.
Gold continues to perform well in the second quarter. After starting this week around the US$1,780 per ounce mark, the yellow metal nearly reached US$1,800 mid-week.
Experts have pointed to lower US 10 Year Treasury yields as at least part of the reason for gold’s uptick during the period. Yields sank below 1.6 percent, and some market watchers have suggested that a fall below 1.5 percent could push gold over the key price of US$1,800.
“What’s obviously underpinning the upswing (in gold) is the dynamic in US Treasuries … which is sort of pushing lower in the very short term,” analyst Kyle Rodda of IG Market told Reuters.
In an open letter to Tesla’s Elon Musk, silver guru David Morgan suggests the company should consider accepting payment in silver and/or gold through the LODE Project.
Tesla’s (NASDAQ:TSLA) Elon Musk has a reputation for innovation, but the company’s
plan to accept bitcoin as payment still made headlines when it was announced last month.
Could precious metals be next? In a recently penned open letter to Musk, David Morgan, publisher of the Morgan Report, suggests Tesla should consider accepting payment in silver and/or gold through the LODE Project, which works to tokenize the metals using blockchaintechnology.
Last week’s top-gaining stocks on the TSX were St. Augustine Gold and Copper, New Pacific Metals, Roxgold, Orocobre and Lundin Mining.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) opened higher last Friday (April 16), trading at 19,345.74 by midday. It closed the period at 19,348.11.
After a record high the previous session, the index extended gains on the back of a higher gold price.
On Friday, gold hit a seven week high, with silver also on track for a weekly rise as the American dollar softened and US 10 year Treasury yields retreated.
EXCLUSIVE! Who s Manipulating Silver And Why?
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Ed Steer explains what’s going on in the silver market more than two months after the silver squeeze story first started making headlines.
The silver squeeze first started making headlines more than two months ago, but the movement continues today, led by retail investors who continue to snap up physical metal.
Ed Steer of Ed Steer’s Gold and Silver Digest said that while he commends those who have been buying physical silver, there’s a reason their efforts haven’t led to a sustained silver price increase.
“They’re certainly having an impact … as far as the physical market is concerned, but as far as the short position that exists in the COMEX futures market, it doesn’t make any difference at all,” he said.
Norden Crown Intersects High Grade and Significant Widths of Broken Hill Type Mineralization in All Three Holes Drilled at its Fredriksson Gruva Prospect in Sweden
Norden Crown Metals Corp. is pleased to announce an exceptional discovery at its 100% owned Fredriksson Gruva prospect (“Fredriksson Gruva”) demonstrated by significant results from the first three holes drilled below historical mine workings.
Norden Crown Metals Corp. (TSXV: NOCR) is pleased to announce an exceptional discovery at its 100% owned Fredriksson Gruva prospect (“
Fredriksson Gruva”) demonstrated by significant results from the first three holes drilled below historical mine workings. The discovery holes intersected significant mineralized widths ranging from 8.15 to 13.60 metres of precious and base metal, massive and semi-massive sulphide mineralization, within a geological setting unique to mineralization belonging to the Broken Hill Type (“