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If gold price breaks through $2,000, we have a dangerous inflation problem - Mark Skousen
Inflation concerns are escalating due to loose monetary policies and unprecedented stimulus, with June CPI data rising at the fastest level since 2008. However, this has not been reflected in the price of gold, with the precious metal not hitting the $1,900 an ounce level since January.
Mark Skousen, an award-winning economist, warns that if gold were to breach the $2,000 an ounce level that would indicate that inflation is a very serious problem. Read More
Gold price jumps back above $1,800 as Fed's Powell says U.S. is ways away from 'substantial further progress'
Federal Reserve Chair Jerome Powell shed more light on the tapering timeline during his press conference on Wednesday, noting that the U.S. has not reached "substantial further progress" to start curbing the central bank's $120 billion a month in asset purchases.
Powell's comments followed the Fed's slightly hawkish monetary policy announcement. The central bank kept its key interest rate unchanged while highlighting that "the economy has made progress," stating that "the committee will continue to assess progress in coming meetings." Read More
Q2 – History made. Kinesis Quarterly update.
In our latest update, CEO and founder of Kinesis, Thomas Coughlin, would like to share with you the historic achievements of the Kinesis Monetary System in the second quarter of the year and provide further insight into Q3 2021 and beyond.
Yield engine launch and Minter’s yield payments distributed.
With the much-anticipated launch of the Kinesis yield engine in Q2, Kinesis paid out a non-debt-based yield on gold and silver for the first time in economic history. On 7th July 2021, Kinesis distributed 14,052 grams of gold (KAU) and 1,686 ounces of silver (KAG) back to the minters of the Kinesis Monetary System. Read More
Agnico Eagle reports strong gold production results in Q2, declares $0.35 per share quarterly dividend
Agnico Eagle Mines (NYSE: AEM) (TSX: AEM) today reported that in Q2 2021, the company's payable gold production was 526,006 ounces (including ounces from the Hope Bay mine), a 59% increase compared to 331,064 ounces produced in Q2 2020.
The company said that its operating results were positively affected by better than expected maintenance performance and higher than forecast production at the LaRonde Complex and Meliadine mine. Read More
Once interest rates reach this level, it’s game over – Danielle DiMartino Booth
The Federal Reserve made no explicit mention of tapering anytime soon at this week's FOMC meeting, but monetary tightening could begin in stages as early as 2022, said Danielle DiMartino Booth, CEO of Quill Intelligence.
Booth told David Lin, anchor of Kitco News, that interest rates would not have to rise to their historic average of 5.7% for debt payments to become unaffordable for the Treasury. Read More
Once interest rates hit this level, it’s game over – Danielle DiMartino Booth on Fed's intent
Broader trends in the gold market still positive even as demand drops 10% in first half of 2021
Gold demand picked up in the second quarter, but it wasn't enough to undo the weakness seen at the start of the year, according to the latest research from the World Gold Council.
Thursday, in its quarterly Gold Demand Trends report, the WGC said that global gold demand in the second quarter totaled 955.1 tonnes, virtually unchanged from the second quarter of 2020. However, the report noted that due to a disappointing start in the first quarter, total gold demand dropped by 10% for the first half of the year. Read More
Gold and silver move higher heading into the European open
Gold has capitalized on yesterday's post FOMC gains and traded just over half a percent higher this morning at $1816/oz. Silver has also moved into the black and once again is trading above $25/oz. In the rest of the commodities complex, copper is trading nearly 1% higher and spot WTI around half a percent higher too. Read More
Gold price analysis post-FOMC price rise
Post-FOMC Technical levels - The pre-FOMC technical levels worked a treat from this week. There are many key highlights on the chart but the purple support zone at the low volume node was key to providing the yellow metal with some support. Subsequently, there has been a break of the triangle pattern and also the previous wave high. Read More
Kinesis - The Revolutionary Gold and Silver Monetary System on the Blockchain
Digitized on the blockchain, Kinesis is a revolutionary monetary system, based 1:1 on allocated gold and silver, providing users with a stable store of value. One that rewards you every month, allowing you to send, spend and trade in digital gold and silver. Read More
Video - Kinesis: Your money. Your choice.
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
