As we head into a ‘recapitulation’ stage for commodities, copper, nickel, and gold will be the best assets to own, said Brent Cook, Founder of Exploration Insights. “I’m very certain that the copper price is going to do well,” he said. “Demand is way going to exceed supply. Nickel is the same. Gold looks good.” … Read more
We are on the “cusp of a recession” with certain “stagflation,” breeding a “perfect storm” for gold’s price to rise, said Peter Marrone, Executive Chairman and Founder of Yamana Gold Inc. “It’s difficult for me to predict gold’s price in terms of precision and certainly timeframe,” he said, “but I go back to first principles. … Read more
Due to industrial demand and a shrinking supply, silver’s price will rise to $300, said Peter Krauth, Author of “The Great Silver Bull” and Editor of The Silver Stock Investor online. Krauth discussed his predictions with David Lin, Anchor and Producer at Kitco News, at the PDAC 2022 Conference in Toronto. Gold-Silver Ratios In his … Read more
Gold will rise as the US dollar loses its status as the world’s reserve currency, said John Kaiser, Founder of Kaiser Research Online, at the PDAC 2022 Convention in Toronto. He mentioned that China and Russia would form an Eastern axis of economic power. “The US dollar will not be used within the China-Russia axis,” … Read more
(Kitco News) Even the Federal Reserve admits it can’t lower food or gas prices just by hiking rates. And if it fails, a rate hike reversal could be not that far off, according to Ledn co-founder and CSO Mauricio Di Bartolomeo, who sees Bitcoin’s bear market reversing if that happens. Inflation is soaring, and the … Read more
(Kitco News) The companies that survive the 2022 crypto crash could become the new Amazons and eBays of the world, said Bank of England Deputy Governor Jon Cunliffe. There are similarities between the dotcom collapse of 2000 and this year’s crypto price meltdown, Cunliffe said at the Point Zero Forum in Zurich on Wednesday. “The … Read more
(Kitco News) After briefly touching $17,000 over the weekend, Bitcoin is back above $20,000. But can the price outlook recover as recession calls grow and inflation continues to dominate market headlines? Stablecorp CEO Alex McDougall weighs in. When looking at price forecasts for the rest of 2022, investors need to separate crypto’s technology angle from … Read more
(Kitco News) “Anything that crypto can do, CBDCs can do better” is the sentence that describes the Bank for International Settlements’ vision for the future monetary policy system. The future of money is all about central bank digital currencies (CBDCs), not crypto. And that’s because of all the flaws that cryptocurrencies pose, especially those that … Read more
The ongoing crypto crash has brought a lot of investors back down to earth. In the case of current and former Terraform Labs employees, it’s keeping them literally grounded. Dozens of past and present staff from the company behind two notorious crypto coins, terraUSD and Luna, have been barred from leaving South Korea, according to … 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) – The gold market is holding firm in relatively neutral territory, trading in a narrow range between $1,800 and $1,850 an … Read more
