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(Kitco News) - Gold prices are again sharply higher and hit a record high of $2,064.90, basis October Comex futures, in early U.S. trading Thursday. Silver prices are also sharply higher and hit a more-than-seven-year high of $28.54, basis September Comex futures. October gold futures were last up $25.00 an ounce at $2,062.10. September Comex silver prices were last up $1.45 at $28.34 an ounce. Importantly, while there are no early chart clues to suggest the gold and silver markets are close to major tops, both are now getting short-term overbought, technically, and are due for downside corrections in the...

(Kitco News) Gold prices are sharply higher and hit a record high of $2,048.00, basis October Comex futures, in early U.S. trading Wednesday. Silver prices are also sharply higher and hit a seven-year high of $27.195, basis September Comex futures. October gold futures were last up $35.00 an ounce at $2,043.50. September Comex silver prices were last up $0.987 at $27.03 an ounce. Gold and silver are continuing on a bullish rampage. Both metals continue to see support from safe-haven demand amid the worrisome rise in Covid-19 infections, geopolitical developments and concerns about problematic price inflation in the coming months....

Just noticed a bit of a jump in metals. Any reason, that anyone is aware of? They are all up at the moment. Somewhat interesting, anyway. Gold is up more than $20 now. It was around here before, around a week ago. That time it plunged, right back down. What will happen this time?

He was the only person to sign all four of these America's founding documents: Articles of Association, 1774; Declaration of Independence, 1776; Articles of Confederation, 1777; U.S. Constitution, 1787. Who was he? Roger Sherman. At age 19, Roger Sherman's father died and he supported his family as a shoe cobbler, helping his two younger brothers to attend college and become clergymen. Roger Sherman was a surveyor and merchant, but when a neighbor needed legal advice, he studied to help, only to be inspired to become a lawyer. Sherman was elected a state senator, a judge and a delegate to the...

As Bitcoin and gold hit 2020 highs, Uphold unveils a revolutionary new product redefining “store of value” for a panicked age. It’s physical gold. It’s crypto. It’s government-backed. It’s a new product from a Silicon Valley company mutating gold and crypto into a single unit. And it’s as deeply fear-soaked as anything since, well, 2020.  Today Uphold, a digital investment platform based in San Francisco, announced what it calls “a better form of gold”: Universal Gold. Users can buy the gold crypto UPXAU — a token verifiable on the Ethereum blockchain and audited by the security firm CertiK — and Uphold instantly contracts to...

Gold is up to $1964. Silver is up to $25.54.

Bitcoin prices were taking flight on Monday, pushing the digital currency to the highest level in about two months and ending the long dormancy of the world’s No. 1 virtual asset. Bitcoin, the largest and most influential cryptocurrency, shot past the key $10,000 resistance marker—all eyes are now on the critical $10,500 level,” wrote Nigel Green, chief executive and founder of deVere Group, a financial firm, advising some $12 billion. Bitcoin’s BTCUSD, 3.73% recent rally to $10,237 took it to around its highest level since June 1 based on spot prices. Bitcoin futures BTC.1, 3.81% trading on CME Group were...

Gold price is up $40 today.  This is the dollar depreciating as the price of gold surges. https://www.kitco.com/market/  

The U.S. Army Corps of Engineers released its final environmental impact statement on Friday which found gold and copper mining in Alaska “would not be expected to have a measurable effect on fish numbers.” That clears the final hurdle for the Corps to issue a permit this year to Northern Dynasty Minerals Ltd., the Canadian company that has proposed the mining operation in the state. Environmentalists oppose the project and the Obama administration did what it could to keep the Alaskan wilderness off limits to energy production. “In a scientific review conducted under the Obama administration, the U.S. Environmental Protection...

The time came when the emperor decreed: “The people are in need; a plague is upon the land. I will give them money.” The people had been made to believe that paper was money. So, the emperor ordered that paper bearing the government insignia be printed and distributed to the people. Now, the people had been trained to accept paper as money, but they still hung onto the belief that even paper money required work to be considered valuable. But the emperor reassured them that paper is money backed by the full faith and credit of government (aka paper money...

The Iranian rial fell to a new low against the US dollar on the unofficial market on Saturday and has now seen its value fall by almost half in 2020 as the economy comes under pressure from the coronavirus pandemic and US sanctions. The dollar was offered for as much as 255,300 rials, up from 242,500 on Friday, according to foreign exchange site Bonbast.com. The economic daily Donya-e-Eqtesad’s website gave the dollar rate as 252,300, compared with 241,300 on Friday. The currency has lost nearly 48% of its value in 2020, more than half of that in the past month,...

56a ET Sunday, July 12, 2020 Dear Friend of GATA and Gold: Surreptitious intervention in the gold market by the U.S. government is the target of legislation introduced in the House of Representatives by Rep. Alex X. Mooney, R-West Virginia. In a letter to House colleagues seeking support for his Gold Reserve Transparency Act, H.R. 2559, Mooney writes: "Because there are concerns the U.S. Treasury may have sold, swapped, leased, or otherwise placed encumbrances upon some of America's gold, H.R. 2559 also requires a full accounting of any and all sales, purchases, disbursements, or receipts; a full accounting of any...

A day after the Ivy League announced the cancellation of its fall sports, another one of the league’s eight members is eliminating its men’s and women’s golf programs. Dartmouth revealed Thursday that it will cut five sports in all while also permanently closing the school’s golf course, Hanover Country Club. The move, which follows a similar decision by Brown in May, is expected to save the university, which is facing a projected $150 million institutional budget deficit, about $2 million, according to a statement released by Dartmouth president Philip Hanlon.

in one's physical precious metal stash, what is the recommended/optimal amount of gold (contemporary gold coin) to silver (junk silver coin)? i had been going towards 50%/50%, but gold seems on an upswing at the moment, so now i am thinking of increasing the ratio of gold to silver by about 15%.

LONDON (Reuters) - Gold pushed above $1,800 an ounce on Wednesday for the first time since 2011, with analysts expecting further gains as investors stock up on an asset they expect to hold its value while the coronavirus convulses the global economy. Spot gold prices have surged 40% in the last 14 months and are within striking distance of 2011's record high of $1,920.30 an ounce. "We'll be challenging the $2,000 level by the end of the year," said Ross Norman, an independent analyst. "We are in a bull market for gold." (Graphic: Gold's latest rally, https://fingfx.thomsonreuters.com/gfx/ce/jznpnzmokpl/GR%20RALLY.JPG) Powering the rally...

The story is shocking in exposing just how multi-faceted fraud is in China: capitalizing on pre-existing cronyism and connections with China's powerful army, the founder of Kingold was allowed to basically do anything he wanted, no questions asked, including counterfeiting over 83 tons of gold bars to get billions in funds to participate in China's housing bubble, only for a series of unexpected events to unwind the frauds one after another and expose the type of sordid scandal that is at the heart of most Chinese "enterprises" and business ventures.

CAIXIN Mystery of $2bn of loans backed by fake gold in China Nasdaq-listed Kingold's play for trove of property stymied by corruption probe The 83 tons of purportedly pure gold that Kingold creditors held in their coffers as of June would be equivalent to 22% of China’s annual gold production. © Reuters WU YUJIAN, WU HONGYURAN, BAI YUJIE and HAN WEI, Caixin June 29, 2020 15:27 JST More than a dozen Chinese financial institutions, mainly trust companies, loaned 20 billion yuan ($2.8 billion) over the past five years to Wuhan Kingold Jewelry Inc. with pure gold as collateral and insurance...

Swiss police are looking for a forgetful individual who left something rather important on a train -- a package full of gold bars, worth more than $190,000. The parcel containing the gold bars was found in the carriage of a Swiss Federal Railways (SBB) train traveling from the northeastern Swiss town of St Gallen to Lucerne, a city in the center of the country, in October last year, authorities said. Despite "extensive investigations," the owner of the high-value package had not been tracked down, officials said in a statement published in the local government Lucerne Canton gazette.

Rory McIlroy already had expressed doubts about any future rounds of golf with President Trump, saying in April 2017 that he’d have to “think twice” about it after receiving a considerable amount of heat for his round with the president two months earlier at Trump’s club in West Palm Beach, Fla.

National Geographic today released never-before-seen footage from within ancient Egypt's first known fully intact funeral home. In conjunction with Egypt's Ministry of Tourism and Antiquities, a team of archaeologists led by Dr. Ramadan Hussein from Germany's Eberhard Karls University of Tuebingen, uncovered the burial complex, dating back to 600 BC, deep beneath the sands at the Saqqara necropolis less than an hour's drive south of Cairo. The new, four-part series KINGDOM OF THE MUMMIES produced for National Geographic by BBC Studios follows the team as they explore the subterranean chambers and open four sealed, 2,600 year-old sarcophagi to unlock secrets...