Kitco NEWS Interviews

Which crypto can become the next Bitcoin? John Eagleton

media@kitco.com (Kitco) — Sat, 23 Apr 2022 01:24:56 +0000

John Eagleton, CEO of Intellabridge, discusses with David Lin, anchor for Kitco News, the next protocol to gain critical mass adoption.

Governments will soon have a tool to control how you spend your money - Grant McCarty

media@kitco.com (Kitco) — Sat, 23 Apr 2022 01:09:49 +0000

Grant McCarty, Policy Director of Bitcoin Magazine discusses the ramifications of central bank digital currencies (CBDCs) on civil liberties with David Lin, anchor for Kitco News.

'It's a truly transformational asset for us' - Northern Graphite finds quick path to production

media@kitco.com (Kitco) — Sat, 23 Apr 2022 00:55:17 +0000

Last year Northern Graphite (CVE:NGC) leap frogged from a company holding an advanced asset to now being the biggest graphite producer in North America, said Gregory Bowes, CEO and director. Bowes spoke to Kitco on Tuesday. Graphite is enjoying an upswing due to energy transition. Graphite is the anode in a lithium ion battery and its single-largest component. On average, a plug-in EV has around 70 kg of graphite. With at least 125 million EVs expected globally by 2030, that’s more than 8 million tonnes of battery-ready graphite needed in the coming decade, according to Kitco commentator Richard Mills. In December 2021 Northern Graphite acquired two graphite mines from Imerys SA: the Lac des Iles producing graphite mine in Quebec and the Okankande/Okorusu graphite producing operation in Namibia. The $55 million financing was a mixture of debt, financing and royalty agreements led by Sprott. "It's a truly transformational acquisition for us," said Bowes. "We're going from having one advanced stage project in Ontario to being a producing company immediately. We're buying the only producing North American graphite mine, and we're buying a second mine from them in Namibia, which is on care and maintenance. We'll have it back online in nine to 12 months." With the deal done the company touts 50,000tpy of graphite production capacity, plus two large development projects with 100,000tpy potential making it the third largest non-Chinese producer. Follow Michael McCrae on Twitter: @michaelmccrae (https://twitter.com/michaelmccrae) Follow Kitco Mining on Twitter: @KitcoMining (https://twitter.com/KitcoMining)

Acquirers need to pay fair value - Yamana's Marrone

media@kitco.com (Kitco) — Mon, 14 Mar 2022 23:54:41 +0000

Zero premium acquisitions are a thing of the past, according to Peter Marrone, executive chair of Yamana Gold (NYSE:AUY) who stressed acquirers need to pay fair value. Marrone spoke to Kitco correspondent Paul Harris at BMO's Global Metals & Mining Conference held in Florida last week. Yamana recognizes that it may potentially be a target following the acquisition of Kirkland Lake Mining by Agnico Eagle Mines, given it has a 1 million ounces a year production profile at an all-in sustaining cost of around US$900 per ounce, and a number of development projects.

Fears of a hawkish Fed are 'ridiculous' - Ronald-Peter Stoeferle

media@kitco.com (Kitco) — Tue, 8 Feb 2022 22:02:55 +0000

With a wobbly economy and too much household wealth tied up in equities, the markets have less to fear from a hawkish Fed, said Ronald-Peter Stoeferle, responsible for fund management and research at Incrementum AG. Stoeferle spoke to Kitco on Tuesday. He said there may be a once-a-done rate hike instead of several rate increases some were expecting as the Federal Reserve tries to tamp down inflation. "Inflation numbers are coming down, so we can actually take a little bit more time with our rate hike campaign. I cannot emphasize it enough: I think the market is expecting [too] much hawkishness from the Federal Reserve. It's ridiculous," said Stoeferle.

These are the assets Jay Martin buys as safe havens

media@kitco.com (Kitco) — Tue, 8 Feb 2022 21:31:12 +0000

Jay Martin, CEO of CambridgeHouse and host of The Jay Martin Show, discusses with David Lin, anchor for Kitco News, the outlook for the economy and some of the safest assets to buy in the event of an economic downturn.

Battery metal entrepreneur pivots Ontario gold play after significant nickel intercepts

media@kitco.com (Kitco) — Mon, 7 Feb 2022 23:38:01 +0000

Tolga Kumova’s Aston Minerals (ASX:ASO) started out as a gold junior when the company hit significant nickel mineralization. Kumova was behind Syrah Resources, an African graphite company, which now has a valuation north of $600 million. The company recently signed up Tesla for an offtake agreement. Aston Minerals Edleston project is located about 60 Km south of Timmins, Ontario. The company announced 163.5m at 0.52% Ni & 0.016% Co from 186.5m at its Boomerang target. Kumova is executive chair of Aston.

Favor gold over silver in 2022, Fed rate hikes will have major impacts on economy - Gary Wagner

media@kitco.com (Kitco) — Mon, 3 Jan 2022 22:42:21 +0000

The Federal Open Market Committee has announced a doubling in the pace of asset tapering on Wednesday. The Dot Plots indicate that there will be an average of three rate hikes in 2022, three more in 2023, and two in 2024, all in increments of 25 basis points. Gary Wagner, editor of TheGoldForecast.com discusses with David Lin, anchor for Kitco News, the impact that monetary policy next year will have on financial markets.

This is why speculation will end in 2022 - E.B. Tucker

media@kitco.com (Kitco) — Mon, 3 Jan 2022 22:29:29 +0000

E.B. Tucker, director of Metalla Royalty, discusses with David Lin, anchor for Kitco News the outlook for stocks, gold, and silver in 2022.

The ultimate survival guide for gold, Bitcoin, and stock investors - Alex Mashinsky

media@kitco.com (Kitco) — Mon, 3 Jan 2022 22:20:45 +0000

Alex Mashinsky, CEO of Celsius Network, discusses with David Lin, anchor for Kitco News, the major investment themes of 2022, and which assets will perform the best.

The threat of higher rates in 2022 is real, here's what happens to gold and silver - Jeff Christian

media@kitco.com (Kitco) — Mon, 3 Jan 2022 22:07:46 +0000

2022 will see silver and gold prices diverge once again, with silver falling by 2% while gold climbs in value, said Jeff Christian, managing partner of CPM Group.

Can Satoshi Nakamoto's identity finally be confirmed?

media@kitco.com (Kitco) — Fri, 17 Dec 2021 20:55:21 +0000

Kurt Wuckert Jr., the "Bitcoin Historian" at CoinGeek, discusses with David Lin, anchor for Kitco News, evidence that points to the real identity of Satoshi Nakamoto.

Bitcoin’s true value as a currency unlocked; Is mass adoption next? Chantelle Borrelli

media@kitco.com (Kitco) — Fri, 17 Dec 2021 20:02:15 +0000

Bitcoin has a reputation as being a stable store of value in the cryptocurrency space, but one company proves that the largest coin has utility besides being an investment. Chantelle Borrelli is the co-founder and CEO of CrownBits Rewards, a loyalty platform that offers cash-back rewards in Bitcoin. Borrelli discusses with David Lin, anchor for Kitco News, how incentive programs are what's needed for mass adoption in Bitcoin to happen.

This is the future of DeFi - Michael So

media@kitco.com (Kitco) — Fri, 17 Dec 2021 19:45:50 +0000

Michael So, VP of Business Development of Cook Finance, discusses with David Lin, anchor for Kitco News, the newest developments in decentralized finance (DeFi).

https://www.kitco.com/news/2021-11-30/images/Kitco-Podcast_464x292.jpg

media@kitco.com (Kitco) — Tue, 30 Nov 2021 20:47:54 +0000

The uptrend for gold is still intact, said Dr. Nicole Adshead-Bell, director at Cupel Advisory Group. Earlier this month Adshead-Bell spoke to Kitco at the Deutsche Goldmesse show in Frankfurt, Germany. "We're no longer at the very beginnings of a bull market," said Adshead-Bell, adding that the easy money has already been made. "Bull markets have varying degrees of gestation and some of them can be exceptionally long in duration," she said noting 2020 was a "euphoric" year. "Whenever you have that kind of parabolic equity performance, there will always be a correction. That's a very natural thing, and that's a healthy thing." Adshead-Bell said inflation and global uncertainty favors gold. "All of these elements that are circling around the globe are very, very good for gold. I think we'll look back on this year and think that this was an opportune time to enter into the sector."

50% stock market crash 'wouldn't surprise me'; This is the biggest risk today - Ted Oakley

media@kitco.com (Kitco) — Tue, 30 Nov 2021 20:31:44 +0000

The biggest risk facing investors right now is the unsustainable stock market valuations that will eventually mean revert, said Ted Oakley, founder and partner of Oxbow Advisors.

Billionaire founder of FTX reveals cryptos that will survive the next crash - Bankman-Fried

media@kitco.com (Kitco) — Tue, 30 Nov 2021 20:18:02 +0000

The crypto protocols and projects that will stand the test of time are those that can scale to allow for massive adoption should over a billion people use blockchain, said Sam Bankman-Fried, CEO and founder of FTX. FTX is one of the world's largest cryptocurrency exchanges and had recently acquired the rights to rename the American Airlines Arena in Miami, home to the NBA team Miami Heat, to FTX Arena.

Why gold miners are set for their most profitable year ever

media@kitco.com (Kitco) — Mon, 15 Nov 2021 19:55:51 +0000

While 2020 may have seen gold broach peak prices in some currencies, the average cost of the metal in 2021 is a bigger boost for gold miners, according to Ronald-Peter Stoeferle.

Stoeferle spoke to Kitco on Friday. He is managing partner at Incrementum AG.

"The average gold price is at an all-time high," said Stoeferle commenting on 2021. "Of course we are seeing some cost inflation when it comes to labor and materials, but the margin of the producers is still spectacularly high."

Silver is the one metal 'that is going to play catch up' - Keith Neumeyer

media@kitco.com (Kitco) — Mon, 15 Nov 2021 19:54:20 +0000

The strong rally in precious metals was a bit of a surprise for First Majestic Silver (NYSE: AG) CEO Keith Neumeyer.

Neumeyer spoke to Kitco on Friday at the Deutsche Gold Messe show in Frankfurt, Germany.

Two pieces of news last week propelled gold higher: headline inflation rose to 6.2%, and the $1 trillion U.S. infrastructure bill was signed into law. Gold had a solid breakout trading above $1,850 an ounce during the week.

Neumeyer commented.

"The move surprised me a little bit, because the economy is still doing quite well and interest rates really haven't come down," said Neumeyer.

"The metal that surprised me the most is silver. You've got oil at 80-plus dollars. You've got copper at $4-plus. You've got natural gas north of $5--look at all the grains. Everything's been moving except silver," said Neumeyer. "That's the one that I think is going to play catch-up."

Spot silver was up about $1 for the week, closing above $25 an ounce.

"Gold--in my view--is going to reach all-time-highs but probably not until next year."

'Nobody's mentioning the 800-pound gorilla in the room' - Willem Middlekoop on inflation naysayers

media@kitco.com (Kitco) — Mon, 15 Nov 2021 19:51:14 +0000

The problem with the "inflation is transitory" argument is that it overlooks the growth in money supply, said Willem Middlekoop, founder of Commodity Discovery Fund.

Middlekoop spoke to Kitco on Friday at the Deutsche Goldmesse show in Frankfurt, Germany.

The Biden administration and Fed officials have stated that inflationary pressures are transitory based on pent-up demand, supply chain bottlenecks and labor shortages.

"Nobody's mentioning the 800-pound gorilla in the room and that's money growth and currency debasement. Almost 25% of all dollars in M2 circulation--that's deposit and physical money--grew by almost 25% in the last 18 months," said Middlekoop.

"It's a normal reaction. Everything the government can't print will go up in value."

Inflation, gold and crypto with Frank Holmes

media@kitco.com (Neils Christensen, Paul Harris, Frank Holmes) — Sun, 14 Nov 2021 08:17:22 +0000

On Friday the CEO and chief investment officer of U.S. Global Investors, Frank Holmes, joined editor Neil Christensen and Kitco correspondent Paul Harris to discuss inflation, crypto and gold.

The Nevada project that could quadruple American lithium production

media@kitco.com (Kitco) — Fri, 29 Oct 2021 23:45:32 +0000

In September platinum group metal giant Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) announced it would joint venture with ioneer (ASX: INR) to develop ioneer’s Rhyolite Ridge Lithium-boron project located in Nevada, USA. Executive chair of ioneer, James Calaway, spoke to Kitco mid-October. A definitive feasibility study has already been completed, and ioneer is working towards its final state permits. “We're ready to build. It's a project that's going to quadruple America's lithium production,” said Calaway.

How Reebok co-founder Joe Foster turned 'failing company' into multi billion-dollar empire

media@kitco.com (Kitco) — Fri, 29 Oct 2021 23:34:59 +0000

Joe Foster, co-founder of Reebok, discusses with David Lin, anchor for Kitco News, the founding of the company, Adidas' acquisition, and now sale, of Reebok, and the future of footwear.

These are the biggest technological disruptions that will hit investors – Ian Khan

media@kitco.com (Kitco) — Fri, 29 Oct 2021 22:21:26 +0000

Ian Khan, futurist and emerging technology expert, discusses with David Lin, anchor for Kitco News, the technological disruptions that investors should watch for.

Bitcoin, Ethereum's next bull rallies confirmed, these are price targets for end of year

media@kitco.com (Kitco) — Fri, 22 Oct 2021 22:12:18 +0000

The recent bullish momentum for Bitcoin is likely to be sustained because key technical levels have been breached, and the fear from China's tightening regulation has largely dissipated, said Florian Grummes, managing director of Midas Touch Consulting. "We have a good chance to see $100k by the end of the year, maybe even higher. Of course, that would spark an altcoin season again. If Bitcoin really continues to run, I would say that the $60k $65k level is the last resistance of the bears. If there is nothing coming for them, then Bitcoin is off to the races and it could be $100k or even higher, $150k is possible towards January," he said.

Is the golden age for stocks and Bitcoin over? Clem Chambers says to look here instead

media@kitco.com (Kitco) — Fri, 22 Oct 2021 22:02:57 +0000

Current valuations for the major cryptos, including Bitcoin, are "miraculous" and prices should be much lower, said Clem Chambers of InvestorsHub.com. Chambers told David Lin, anchor for Kitco News, that there are several other tokens to look at, and in particular, the DeFi space overall has more long-term potential.

FBI hostage negotiator Chris Voss: How to get what you want and become a billionaire

media@kitco.com (Kitco) — Fri, 22 Oct 2021 21:59:14 +0000

Chris Voss is the CEO of the Black Swan Group and the author of "Never Split the Difference: Negotiating As If Your Life Depended On It." He has previously worked as a hostage negotiator for the FBI. Voss reveals to David Lin, anchor for Kitco News, who he considers to be the best negotiator of all-time and why these life lessons are essential to success in business, politics, and one's personal life.

Markets will get ‘smacked back’ into bull rally, these stocks will prevail – David Barse

media@kitco.com (Kitco) — Thu, 7 Oct 2021 21:49:05 +0000

Markets have “short-term memory” and this correction does not account for the innovation that the leaders of the S&P 500 are producing, said David Barse, CEO of XOUT Capital. Barse told David Lin, anchor for Kitco News, that “This is the same issue that has occurred in the first quarter of this year where a slight uptick in Treasury yields seems to cause a deflation of everything that’s innovative.”

Earn cryptos playing video games? Okcoin CEO on $100k Bitcoin, GameFi, Ethereum

media@kitco.com (Kitco) — Thu, 7 Oct 2021 21:38:31 +0000

Hong Fang, CEO of Okcoin, maintains her target of $100k Bitcoin by year-end. Speaking to David Lin, anchor for Kitco News, Fang said that the adoption rate of Bitcoin has steadily increased, and the price is bouncing back from its consolidating period.

Bitcoin is ‘loudest monetary fire alarm in the system’ – Lawrence Lepard

media@kitco.com (Kitco) — Fri, 24 Sep 2021 21:29:05 +0000

Several “sound money” assets are undervalued right now, and are long overdue for a major comeback, said Lawrence Lepard, managing general partner of Equity Management Associates.

What is gold's peak price during this cycle? David Garofalo

media@kitco.com (Kitco) — Fri, 24 Sep 2021 21:14:40 +0000

Gold peaked in 1981 when it reached $850 an ounce in nominal terms, but adjusted for inflation, that would equal $3,000 in real terms today. $3,000 is this cycle’s coming peak, David Garofalo, CEO of Gold Royalty Corp. told David Lin, anchor for Kitco News.

U.S. economy is slowing down, here's why - Tavi Costa

media@kitco.com (Kitco) — Thu, 16 Sep 2021 19:22:08 +0000

How will Fed tapering, Fedcoin, impact gold? E.B. Tucker

media@kitco.com (Kitco) — Thu, 16 Sep 2021 18:55:18 +0000

When will the Fed taper? Never, says E.B. Tucker, director of Metalla Royalty and author of "Why Gold, Why Now?" "Now the debate is why will they stop [quantitative easing]? They'll never stop. It's never going to stop," Tucker told David Lin, anchor for Kitco News.

The biggest mistakes the mining sector is making now - Frank Holmes

media@kitco.com (Kitco) — Thu, 16 Sep 2021 18:47:25 +0000

Frank Holmes, CEO, of U.S. Global Investors and executive chairman of HIVE Blockchain discusses with David Lin, anchor for Kitco News, the sectors capital is flowing towards now, and how the mining industry should attract investments, especially from millennials.

Silver is losing its "monetary crown" says Lobo Tiggre, here's why

media@kitco.com (Kitco) — Tue, 7 Sep 2021 18:32:10 +0000

Even if the world enters into another gold standard, silver, which has historically been used as money, may not retain that role in the future.

What is copper’s long-term price target? Gianni Kovacevic

media@kitco.com (Gianni Kovacevic, David Lin) — Tue, 7 Sep 2021 18:18:43 +0000

China is going through its third batch of strategic reserves selling, commencing on September 1. This sale will include 150,000 tons of metal, including 70,000 tons of aluminum, 50,000 tons of zinc, and 30,000 tons of copper. Due to this selling, copper has fallen from its highs in May. Gianni Kovacevic, CEO of CopperBank discussed with David Lin, anchor of Kitco News, China’s goals and what the downside target of copper may be, as well as the long-term upside potential.

Ron Paul on Afghanistan withdrawal, terrorism risks now, and motives for U.S. invasion

media@kitco.com (Ron Paul, David Lin) — Wed, 25 Aug 2021 15:51:10 +0000

Former Congressman and host of The Liberty Report, Ron Paul, discusses with David Lin, anchor for Kitco News, the rationale for the U.S.-led invasion of Afghanistan and the consequences of a military withdrawal.

Ethereum is 'centralized garbage', will disappear soon - Max Keiser

media@kitco.com (Kitco) — Mon, 16 Aug 2021 20:54:16 +0000

“There is no top price for Bitcoin because there is no bottom for fiat money(currency)” said Max Keiser, Host of The Keiser Report. Fiat money is currency which does not have intrinsic or use value on its own. It only has value because the government maintains its value. Keiser, who is also the Co-Host of The Orange Pill Podcast spoke to David Lin, anchor for Kitco News. “If you are going to price Bitcoin and fiat money, the price is infinity, because fiat money has no bottom, while Bitcoin has no ceiling. If you priced it in ounces of gold, that would be a more valid way to price it,” Keiser continued. “I am not sure exactly what the exchange rate is for an ounce of gold is to Bitcoin. But whatever it is, you can multiply it by a hundred times and that’s where we are headed.”

Gold is only option once Fed 'puts gun to its head' and crashes stocks by 50% - Michael Gentile

media@kitco.com (Kitco) — Mon, 16 Aug 2021 20:41:55 +0000

The U.S. Federal Reserve is "trapped", says Michael Gentile, strategic investor. Gentile told David Lin, anchor for Kitco News, that two scenarios could play out: either the Fed raises rates by 25 basis points next year to regain confidence in the markets, or they let inflation run hot and do nothing. Neither of these scenarios will be enough to contain inflation. In order to really "go to war" against inflation, the Fed will need to raise rates to at least 3%, which would cause stocks to crash by the order of 50%. Even a 25 basis point raise would trigger a 10-20% correction, Gentile said.

These are the current cycle peaks for Bitcoin - Greg King

media@kitco.com (Kitco) — Mon, 16 Aug 2021 20:25:19 +0000

Greg King, CEO of Osprey Funds, discusses with David Lin, anchor for Kitco News, why Bitcoin could cap at $100,000 or even $200,000, as well as when a crypto ETF could be launched in the U.S.

Inflation won’t stop at 5%, ‘I’m predicting a return to the 1970s’ says Mark Skousen

media@kitco.com (Mark Skousen, David Lin) — Thu, 22 Jul 2021 20:00:15 +0000

The economy is returning to a 1970s era of higher inflation, potentially reaching double digits, said Mark Skousen, editor-in-chief of Forecasts & Strategies. Speaking to David Lin, anchor for Kitco News, Skousen’s comments come as CPI data released Tuesday showed 5.4% annual inflation in June.

Is the correction phase over for gold companies yet?

media@kitco.com (John Feneck, David Lin) — Thu, 22 Jul 2021 19:52:41 +0000

John Feneck, founder of Feneck Consulting, discusses with David Lin, anchor for Kitco News, the outlook for the gold sector.

Ethereum or Bitcoin, which will have the highest growth potential? Frank Holmes

media@kitco.com (Frank Holmes, David Lin) — Thu, 1 Jul 2021 18:50:35 +0000

“Ethereum is the backbone to the blockchain network,” said Frank Holmes, CEO of U.S. Global Investors. Speaking with David Lin, anchor for Kitco News, Holmes discusses the growth trajectories for both Bitcoin and Etheruem, and how the latter could one day become the most dominant cryptocurrency.

How NextSource Materials quintupled in the past year

media@kitco.com (Craig Scherba, David Lin) — Thu, 1 Jul 2021 18:43:24 +0000

Graphite-focused NextSource is up over 500% in the past year on recent deal making and growing investor interest in the battery material space. CEO Craig Scherba talked to Kitco on Wednesday. Last month NextSource Materials signed a 10-year agreement with thyssenkrupp Materials Trading to deliver approximately 35,000 tonnes per annum of graphite concentrate from the company's Molo mine in Madagascar.

Bitcoin won‘t be banned, but these cryptos might be - John Sarson

media@kitco.com (John Sarson, David Lin) — Thu, 1 Jul 2021 18:34:04 +0000

It's only a matter of time before privacy tokens, like Monero, which conceal the provenance of transactions, become illegal in the U.S., said John Sarson, CEO of Sarson Funds.

Saifedean Ammous tackles Bitcoin's biggest criticisms (Pt. 2/2)

media@kitco.com (David Lin, Saifedean Ammous) — Sat, 26 Jun 2021 01:48:54 +0000

Is Bitcoin just essentially another form of fiat, with no intrinsic value? Does the endless creation of altcoins negate the scarcity proposition of Bitcoin, which is capped at only 21 million coins? Saifedean Ammous, independent educator at Saifedean.com and author of “The Bitcoin Standard” discusses with David Lin, anchor for Kitco News, some of these common

The most bullish charts on silver you need to see - Jeff Christian

media@kitco.com (Jeff Christian, David Lin) — Fri, 25 Jun 2021 21:47:58 +0000

Investment demand for silver has risen sharply this year and will continue to remain strong said Jeff Christian, managing partner of CPM Group, who said that investment demand has historically been one of the biggest drivers of the silver price. However, a common misconception is that market deficits for silver drive the price while the opposite is true; a surplus, which is what the silver market is experiencing now, drives price momentum, Christian told David Lin, anchor for Kitco News.

Gold price shows no reaction to Powell’s scary message, here’s why – Gary Wagner

media@kitco.com (David Lin, Gary Wagner) — Fri, 25 Jun 2021 21:18:48 +0000

Gold is faced with a double-edged sword of inflationary pressures, said Gary Wagner, editor of TheGoldForecast.com, who expects near-term downward pressures to prevail. Wagner discussed with David Lin, anchor for Kitco News, the Fed’s options after Jerome Powell admitted in a testimony Tuesday that the current economic path is “unsustainable.”

Lithium, cobalt, copper will lead to disinflation

media@kitco.com (Viktor Shvets) — Thu, 3 Jun 2021 14:49:08 +0000

The energy transition will be disinflationary since it ties in with broader trends in digitization and automation which ultimately drives down costs, said Macquarie Capital’s Head of Asian Strategy and Global Strategy Co-ordinator Viktor Shvets. Shvets spoke to Kitco on Friday from Hong Kong.

Gold, silver 'fireworks' will explode this summer, these are the triggers - Lobo Tiggre

media@kitco.com (Kitco) — Wed, 2 Jun 2021 23:48:17 +0000

Although the year-on-year inflation data may decline in the next consumer price index (CPI) release given how low the base was last year, the month-on-month increase could spike, triggering gold price rally, said Lobo Tiggre of the Independent Speculator. “Watch the month-on-month change. Ask yourself, has anything really gotten cheaper over the last month? No, well, maybe lumber, but generally speaking nothing’s gotten cheaper. The month-on-month CPI numbers, numbers the Fed looks at, I think will tell a very strong story that should really send a few tremors of fear to the powers that be,” Tiggre told David Lin, anchor of Kitco News.

This will be the best performing asset of 2021 - Florian Grummes

media@kitco.com (Florian Grummes, David Lin) — Wed, 2 Jun 2021 23:16:31 +0000

Over the next few weeks, gold is set to outperform Bitcoin, said Florian Grummes, managing director of Midas Touch Consulting. The question is how long this outperformance can last?

Bull vs. bear debate: Will stocks, gold, bitcoin crash or rally? Peter Grandich & David Barse

media@kitco.com (Peter Grandich, David Barse, David Lin) — Wed, 19 May 2021 16:50:03 +0000

David Barse, CEO of XOUT Capital, and Peter Grandich, founder of Peter Grandich & Co. join Kitco’s David Lin to discuss the outlook on equities, gold, and Bitcoin.

What will trigger the next significant bear market? Ted Oakley

media@kitco.com (Ted Oakley, David Lin) — Wed, 19 May 2021 16:27:14 +0000

The end of this current bull market cycle will be marked by “significant damage,” said Ted Oakley, founder and partner of Oxbow Advisors, who have currently allocated 35% of their investments into cash.Oakley told David Lin that one of main factors behind the stock market rally in the last 10 years has been quantitative easing from the Federal Reserve, so any tightening from the central bank will likely trigger a market correction.

Is silver really in surplus? Keith Neumeyer challenges data, doubles down on $100 target

media@kitco.com (Keith Neumeyer, David Lin) — Mon, 10 May 2021 19:22:55 +0000

Silver is a strategic metal, and with mounting industrial demand it’s only a matter of time before previous all-time highs are met, and then a new push to triple digits is on the way, said Keith Neumeyer, CEO of First Majestic Silver.“Silver is the only commodity that is not reaching its [historic] highs, and it has reached [those highs] on two separate occasions, back in 1980 and 2011. I think we’re going to see that high breached in the cycle, and when it does, it’s going to wake up the market. Once it breaks through the $50 level, I think that it’s going to get up to the $100 level pretty quickly,” Neumeyer told David Lin, anchor for Kitco News.

What the lumber to gold ratio can tell us about predicting market crashes – Michael Gayed

media@kitco.com (David Lin, Michael Gayed) — Mon, 10 May 2021 19:10:12 +0000

When the lumber to gold ratio spikes, it's usually a signal that risk on sentiment will remain strong, said Michael Gayed, portfolio manager at Toroso Investments. Gayed has been tracking the lumber to gold ratio as part of his Lead-Lag report, and his studies have found that peaks and troughs usually lead equity rallies and declines, respectively. However, given the spike in lumber prices, it's only a matter of time before prices mean revert downward, meaning a stock market correction could be on the horizon.

Wheaton dips toe with cobalt stream

media@kitco.com (Randy Smallwood) — Mon, 10 May 2021 18:57:39 +0000

Wheaton Precious Metals affirmed that the company is primarily a precious metal business despite announcing first production from a cobalt stream from Voisey's Bay. CEO Randy Smallwood spoke to Kitco on Friday. The cobalt deal was first announced in 2018. The company's Q1 was Thursday. Wheaton's revenue was $324 million in the first quarter of 2021, representing a 27% increase from the first quarter of 2020 due primarily to an equivalent increase in the average realized gold price. The company affirmed year-end guidance.

Could Ethereum overtake Bitcoin? Jason Lau on altcoins

media@kitco.com (Jason Lau, David Lin) — Thu, 29 Apr 2021 20:02:14 +0000

Ethereum's use case extends beyond simply investing and speculation. Jason Lau, COO of OKCoin, discusses the second largest crypto's utility and evolution.

'It's just zeros and ones at the end of the day' - David Garofalo on why gold is better than bitcoin

media@kitco.com (David Garofalo, Michael McCrae) — Thu, 29 Apr 2021 19:49:42 +0000

Bitcoin is digital and that's its fundamental weakness, said Royalty Gold CEO David Garofalo in a conversation with Kitco on Tuesday. Garofalo said gold is physical, which makes it more secure while cryptocurrencies will inevitably succumb to market forces. "It's inevitable that we'll see new entrants on the cryptocurrency side, and that really undermines the whole scarcity concept that Bitcoin is trying to espouse. It's just zeros and ones at the end of the day," said Garofalo.

Deep sea miner has over $500 million to fund production

media@kitco.com (Michael McCrae, Gerard Barron) — Thu, 29 Apr 2021 19:38:49 +0000

The Metals Company has over $500 million pipeline to fund the company through to small-scale commercial production, said CEO Gerard Barron who spoke to Kitco on Thursday. The Metals Company was formerly named DeepGreen. A March financing valued the company at about $2.9 billion. Barron told Kitco he sees around $570 million total from the raise that will fund the company. The Metals Company plans to collects polymetallic nodules containing cobalt, nickel, manganese and copper from the ocean floor.

What's driving this market into 'bubble' territory - Peter Grandich

media@kitco.com (Peter Grandich, David Lin) — Tue, 20 Apr 2021 15:56:14 +0000

Peter Grandich, founder of Peter Grandich & Co., discusses what he believes are the asset classes that are critically overvalued right now. "We're in some very, very deep troubled times, perhaps the most troubled times for America, ever," Grandich told David Lin, anchor for Kitco News.

Housing market valuations: 2008 all over again? Alex Kenjeev

media@kitco.com (Alex Kenjeev, David Lin) — Tue, 20 Apr 2021 15:36:21 +0000

Residential real estate has continued to boom during the pandemic, with the Canadian market taking the lead in growth. Alex Kenjeev, President of O’Leary Ventures, discusses whether or not the housing market has reached bubble territory.

To build a top-tier miner, Sibanye-Stillwater says the answer lies at home

media@kitco.com (Neal Froneman, Michael McCrae) — Tue, 30 Mar 2021 18:34:51 +0000

Size matters, and Sibanye-Stillwater (JSE:SSW) may find scale in its home country. Company CEO Neal Froneman recently spoke to Kitco News. The company is headquartered in South Africa. Froneman said a $20 billion market capitalization is more relevant and investable for the broader market. Sibanye is sitting at $12.5 billion. To build size, Froneman noted that South African miners are trading at a discount compared to their North American peers. Business Day reported that a tie up of the country's top miners—Gold Fields and AngloGold Ashanti along with Sibanye - would be in the national interest.

Can Bitcoin replace the U.S. dollar? Saifedean Ammous, Steve Hanke, Hong Fang (Pt. 2/2)

media@kitco.com (David Lin, Saifedean Ammous, Steve Hanke, Hong Fang) — Wed, 24 Mar 2021 21:31:30 +0000

Steve Hanke, professor of applied economics at Johns Hopkins University, Hong Fang, CEO of OKCoing, and Saifedean Ammous, author of ‘The Bitcoin Standard’, continue the conversation in part 2 of this debate. The focus is on Bitcoin's role as a global currency, and the possibility of creating a currency board based on cryptocurrencies.

What is Bitcoin’s real value? Saifedean Ammous, Steve Hanke, and Hong Fang (Pt. 1/2)

media@kitco.com (Hong Fang, Saifedean Ammous, David Lin, Steve Hanke) — Wed, 24 Mar 2021 21:21:53 +0000

How can Bitcoin be valued, and what is its worth? In part 1 of this panel discussion, Steve Hanke, professor of applied economics at Johns Hopkins University, Hong Fang, CEO of OKCoing, and Saifedean Ammous, author of ‘The Bitcoin Standard’, debate Bitcoin’s utility, history, and its “fundamental value.”

Is copper about to surge like in the 2000s?

media@kitco.com (David Lin, Gianni Kovacevic) — Tue, 23 Mar 2021 21:25:27 +0000

The last time copper and base metals sustained a multi-year bull rally was in the early 2000s during a period of rapid Chinese industrialization. China is still the world's top consumer of copper and base metals, and the country is about to experience a boom similar to what they had in the early 2000s, only with the "electrification" movement, said Gianni Kovacevic, CEO of CopperBank.

Short-term bear trend not yet over for gold until this level hits - Chris Vermeulen

media@kitco.com (David Lin, Chris Vermeulen) — Mon, 22 Mar 2021 21:18:35 +0000

Gold is down, at one point, 0.6% on Monday, but traders and investors alike need to understand that this really is not a big move, said Chris Vermeulen, chief market strategist at https://TheTechnicalTraders.com. “Today, we’re just this tiny little red bar, this average, usually we see a quarter of a percent, or half a percent move in gold, and today we’re down only half a percent,” Vermeulen said. Gold miners, which usually lead the bullion in price action, have another 10% or so of downside before prices rebound, he added.

Gold confiscation: myth or reality? E.B. Tucker on government’s gameplan

media@kitco.com (David Lin, E.B. Tucker) — Mon, 22 Mar 2021 16:18:39 +0000

Ray Dalio, co-chief investment officer of Bridgewater Associates, recently wrote that policy makers short on money will likely raise taxes and prevent capital flows into “other assets” like gold and Bitcoin. E.B. Tucker, director of Metalla Royalty and author of “Why Gold, Why Now” said that the government already has the tools to do this. “Everyone gets this idea that the [government] will raid your house and look for your gold. It’s not necessary. All you have to do is limit the ability to transact gold in the legal market, and then you assess an excise tax,” Tucker said.

If inflation is here, why is Fed not raising rates? Bill Baruch

media@kitco.com (David Lin, Bill Baruch) — Fri, 19 Mar 2021 20:41:28 +0000

More than the threat of inflation, the Federal Reserve is really concerned about unemployment and underemployment, said Bill Baruch, president of Blue Line Futures. "[The Fed] doesn't really expect inflation, that doesn't give them reason to move but they do want to see full employment," Baruch said. "The U3 rate is about 6%. It's the U6 rate that is 11% right now, and that's the underemployment, so people that have fallen out of the work force, and that's what worries the Fed and that's one of the reasons why they should remain dovish."

Fed’s growth and inflation outlook is 'aggressive'; how will gold react? - Gary Wagner

media@kitco.com (Gary Wagner, David Lin) — Thu, 18 Mar 2021 21:49:27 +0000

The Federal Reserve has announced that the Fed Funds rate will remain low until at least 2023. Both gold and the equity markets rallied in response to Fed Chair Jerome Powell's dovishness, but can the turnaround in prices last? Gary Wagner, editor of TheGoldForecast.com analyzes the next key price levels.

Expect more pressure on gold; yield surge is not done says Lobo Tiggre

media@kitco.com (Lobo Tiggre, David Lin) — Thu, 18 Mar 2021 21:41:37 +0000

The 10-year yield rose to 14-month highs on Thursday at 1.75%, erasing the gains in gold price yesterday following the Federal Reserve's statements. Lobo Tiggre of The Independent Speculator, said that without yield curve control, the 10-year Treasury note could rise to as high as 2%, which would cause the markets to "break". Short-term, gold has more downside, he said.

What are NFTs and why pay millions for them? 'Certainly a bubble' says Ian Rogers

media@kitco.com (David Lin, Ian Rogers) — Wed, 17 Mar 2021 23:18:29 +0000

Non-fungible tokens, or NFTs, are minting new millionaires overnight, and this brand new asset class is not only here to stay, but on the way to revolutionizing commerce as we know it, said Ian Rogers, chief experience officer of Ledger.

Why is the #SilverSqueeze still happening? WallStreetSilver founder reveals motives

media@kitco.com (David Lin, Ivan Bayoukhi) — Wed, 17 Mar 2021 23:05:12 +0000

The silver squeeze movement is still ongoing, said Ivan Bayoukhi, founder of WallStreetSilver, whose number one goal is to wake up “billions of people to getting silver.”

Current weakness in gold is 'extremely appealing' - Rick Rule and Amir Adnani

media@kitco.com (Amir Adnani, David Lin, Rick Rule) — Tue, 16 Mar 2021 18:47:39 +0000

Should sentiment for the precious metals return to a level more in line with the historical average, demand for gold will skyrocket, Rick Rule, director of Sprott in a panel discussion with Amir Adnani, chairman of GoldMining and CEO of UEC. Adnani added that investors in the resource sector need to take a long-term view for their time horizon.

Economy will not 'bode well for gold' relative to other commodities

media@kitco.com (Ed Egilinsky, David Lin) — Tue, 16 Mar 2021 18:31:27 +0000

Ed Egilinsky, head of alternative investments at Direxion, discusses the top innovators in the technology space, as well as how precious metals stacks up with other commodities in the current economic environment.

These are the top commodities for 2021 says BMO's Colin Hamilton

media@kitco.com (David Lin, Colin Hamilton) — Mon, 15 Mar 2021 20:31:53 +0000

Aside from the emergence of electric vehicles, the demand for raw commodities from China is still a dominant driver for metals prices, said Colin Hamilton, commodity analyst at BMO Capital Markets.

Why gold has been dethroned as inflation hedge by these assets - Phil Streible

media@kitco.com (Phil Streible, David Lin) — Fri, 12 Mar 2021 23:39:39 +0000

Gold’s role as the primary inflation hedge has been replaced by other assets, as investors bet on raw commodities to outperform during a reflationary environment, said Phil Streible, chief market strategist of Blue Line Futures. “Typically, [gold and inflation expectation] do correlate together because gold has historically been a great asset class for inflation,” Streible said. “However, when all asset classes, and in specifically commodities, basically went to unprecedented lower levels, things like lumber, crude oil are going negative, everything from your grain markets, copper, everything got smashed one year ago today…the price of those commodities have really taken off on the upside.”

M&A in gold sector: is the best yet to come? Sean Boyd gives outlook

media@kitco.com (Sean Boyd, David Lin) — Thu, 11 Mar 2021 22:17:15 +0000

Agnico Eagle has continued to grow their portfolio through acquisitions. The company acquired TMAC Resources in early 2021.

Why Gareth Soloway would buy gold stocks but short GameStop right now

media@kitco.com (David Lin, Gareth Soloway) — Thu, 11 Mar 2021 21:50:55 +0000

News that GameStop is looking to digitize its stores has driven the stock up to January levels, but Gareth Soloway, chief market strategist said that on a technical basis, the stock looks overbought.

Stock market crash: Here's everything economists got wrong – BMO's Brian Belski

media@kitco.com (David Lin, Brian Belski) — Wed, 10 Mar 2021 20:03:11 +0000

Earnings will continue to improve, and the rise in equity markets reflected the strength of the stocks themselves and had nothing to do with monetary stimulus, said Brian Belski, chief market strategist of BMO Capital Markets. "Stocks went up because they are the best asset in the world, and that’s why they went up," Belski said.

Nuclear power 'crisis" has created new national security threat - Amir Adnani

media@kitco.com (Amir Adnani, David Lin) — Wed, 10 Mar 2021 19:50:40 +0000

There is currently no uranium production happening in North America, which poses a national security threat to the nation, as nuclear power plants will need to rely on foreign sourcing of uranium, said Amir Adnani, CEO of UEC and chairman of GoldMining. Uranium is currently trading at $27.75 a pound, but miners like UEC need the price to rise to $40-$50 a pound before production becomes economical.

Frank Holmes: Yields are like 'rocket ship'; what happens when they crash back to Earth?

media@kitco.com (Frank Holmes, David Lin) — Tue, 9 Mar 2021 21:39:19 +0000

Yields cannot rise “hyperbolically” forever, and within the next 30 days they should mean revert, creating a very bullish environment for risk assets, said Frank Holmes, CEO of U.S. Global Investors. “The [10-year Treasury yield] has gone hyperbolic…it’s not like an airplane taking off, this is like a rocket going to space. Anytime you have something with a three-standard deviation move, it creates unexpected consequences in capital markets,” Holmes said “What we saw was the 10-year yield went above the S&P dividend yield and that automatically creates a flow of capital out of the stock market into bonds, and I think we’re going to get a correction here over the next 30 days, and that correction will be very, very positive for gold and silver, and the stock market, along with the crypto.”

All commodities are entering a new supercycle - Will Rhind

media@kitco.com (David Lin, Will Rhind) — Tue, 9 Mar 2021 21:31:27 +0000

A new commodity supercycle is showing signs of emerging, said Will Rhind, CEO of GraniteShares ETFs, and all commodities, the industrial, agricultural, precious, and energy sectors, will see a rise.

Pierre Lassonde: what gold bullion's decoupling with miners signals for price

media@kitco.com (Pierre Lassonde, David Lin) — Mon, 8 Mar 2021 23:42:53 +0000

Historically, the gold miners have led the bullion market in price direction, and right now, the equities are suggesting a rebound in price is underway, said Pierre Lassonde, chairman emeritus of Franco-Nevada. "Right now, there is a bit of a discrepancy and it started about last week where in fact the gold equities are up when the gold bullion is down, so I'm kind of wondering whether or not we’re right at this particular point in the cycle where the equities are telling the bullion market that maybe there’s a turn coming," Lassonde said.

This is the mindset of a successful trader

media@kitco.com (David Lin, Patrick Victor) — Mon, 8 Mar 2021 19:05:36 +0000

Patrick Victor, founder of No Nonsense Forex, and Ben Kennedy, Head of Business Development, ARYA Trading, discuss what it takes to excel in the trading world.

What happens to gold next, and where are yields headed? Peter Hug

media@kitco.com (Kitco) — Fri, 5 Mar 2021 21:52:54 +0000

The 10-year yield has climbed to 1.56% Friday morning, but can rise to as high as 1.7% before the Federal Reserve steps in to intervene, said Peter Hug, global trading director of Kitco Metals.

Land assembly was a multi-year process at Fosterville South

media@kitco.com (Bryan Slusarchuk, Michael McCrae) — Fri, 5 Mar 2021 16:45:34 +0000

The president and CEO of Fosterville South Exploration (TSX-V:FSX), Bryan Slusarchuk, likes to tout his neighbors in Victoria, Australia. Fosterville Gold Mine, owned by Kirkland Lake Gold, is one of the world's highest grade and lowest cost gold mines, and it is right beside Fosterville South Exploration. "At Fosterville South we've acquired and assembled over a multi-year process what we believe is the premier exploration ground in Victoria," said Slusarchuk, who spoke to Kitco last month.

Why Todd Horwitz is short gold as markets tumble

media@kitco.com (Todd Horwitz, David Lin) — Fri, 5 Mar 2021 16:34:38 +0000

Nominal yields rise on inflation fears, but beneath the hopes of an improving economy are deep, structural problems that will not recover anytime soon, said Todd Horwitz of BubbaTrading.com. Horwitz noted that most of the small businesses that were locked down will not be returning to business.

Gold price is set up to trade lower before bottoming – Chris Vermeulen

media@kitco.com (David Lin, Chris Vermeulen) — Wed, 3 Mar 2021 23:17:01 +0000

Both stocks and gold are showing technical chart patterns that suggest an imminent correction, said Chris Vermeulen, chief market strategist at TheTechnicalTraders.com. “It feels like the calm before the storm. I think this market, the stock market, is setting up for potentially a pretty big downdraft,” Vermeulen said.

Stock markets: is the honeymoon over? Gareth Soloway on how to trade now

media@kitco.com (David Lin, Gareth Soloway) — Wed, 3 Mar 2021 15:05:51 +0000

The “honeymoon” phase of the stock market bull run is coming to a close, and as yields head even higher, stock indices could see a correction on the scale of 10-15%, said Gareth Soloway, chief market strategist of InTheMoneyStocks.com.

Why $200k Bitcoin is next high; adoption phase not over yet – Greg King

media@kitco.com (David Lin, Greg King) — Tue, 2 Mar 2021 21:29:51 +0000

Bitcoin is still in a rapid adoption phase, with the peak of the current cycle at $200,000, said Greg King, founder and CEO of Osprey Funds. “I think we’re in a natural consolidation phase. Our view is that Bitcoin is in a bull run. It’s sort of in its fourth of fifth big bull leg of Bitcoin. If you look at it historically, as it’s gone through phases of adaptation, it puts in an all-time high that holds for at least 200 days, and once that happens, when that all-time high is pierced again, which we just had in November at $20,000, on average, the next bull run is a 900% return,” King said.

Silver price 'suppression, squeeze, Hunt Brothers, and other 'myths' debunk

media@kitco.com (David Lin, Jeff Christian) — Tue, 2 Mar 2021 20:44:57 +0000

The net effect of trying to squeeze the silver is that "you will lose your money" said Jeff Christian, managing partner of CPM Group.

Lobo Tiggre on why gold has not responded to rising inflation

media@kitco.com (Lobo Tiggre, David Lin) — Mon, 1 Mar 2021 21:56:26 +0000

Gold has held a strong relationship with inflation expectations but more importantly, gold tracks real interest rates, so if nominal rates rise faster than inflation, then gold would see pressure, said Lobo Tiggre of The Independent Speculator.

Gold price sees more weakness as yields strengthen, what's next? - Peter Hug

media@kitco.com (David Lin, Peter Hug) — Fri, 26 Feb 2021 21:54:16 +0000

Peter Hug, global trading director of Kitco Metals, breaks down the gold market’s recent price action and the next key support and resistance levels to watch for.

Steve Hanke on Bitcoin's intrinsic value of $0 and the Fed's 'delusional' inflation outlook

media@kitco.com (David Lin, Steve Hanke) — Thu, 25 Feb 2021 22:39:38 +0000

It's only a matter of time before Bitcoin "death spirals" down to its true intrinsic value, which is $0, said Steve Hanke, professor of applied economics at Johns Hopkins University.

Platinum is still undervalued relative to gold

media@kitco.com (David Lin, Trevor Raymond) — Thu, 25 Feb 2021 22:15:32 +0000

Many of the factors that have held back platinum in the past, including demand, liquidity in the futures markets, and visibility, are now becoming tailwinds for the price, said Trevor Raymond, director of research at the World Platinum Investment Council. Platinum has risen 13% since the start of 2021.

Gold's technicals look bearish; these other assets have more upside - Gary Wagner

media@kitco.com (David Lin, Gary Wagner) — Wed, 24 Feb 2021 19:24:33 +0000

On a technical basis, the sentiment for gold is undeniably bearish, said Gary Wagner, editor of TheGoldForecast.com.

What crypto investors should understand about extreme volatility – Frank Holmes

media@kitco.com (David Lin, Frank Holmes) — Tue, 23 Feb 2021 21:52:25 +0000

Volatility is built into the “DNA” of cryptocurrencies; investors and traders should not worry about the price drops earlier this week, said Frank Holmes, executive chairman of HIVE Blockchain Technologies. Speaking on Ethereum and DeFi, Holmes said “I think that this is a phenomenal industry, and there’s going to be many new derivatives come from it, and it has nothing but blue sky, but extremely volatile.”

Why gold will not be 2021's winning commodity - Bill Baruch

media@kitco.com (David Lin, Bill Baruch) — Mon, 22 Feb 2021 21:54:01 +0000

Platinum and silver have fundamental tailwinds from both rising inflation and improving economic conditions that will propel these metals to grow faster than gold in 2021, said Bill Baruch, president of Blue Line Futures.

Rising yields have not changed gold’s long-term bull course – Peter Hug

media@kitco.com (Peter Hug, David Lin) — Fri, 19 Feb 2021 20:50:26 +0000

Rising yields and a stronger dollar from earlier this week have put pressure on gold, but the long-term macroeconomic fundamentals have not changed for the metal’s bullish outlook, said Peter Hug, global trading director, who added that we are still in the early innings of a bull cycle. “I think gold has been mirroring the dollar and the dollar has been strengthening in the beginning of this week on the 10-year [yield] surging. Last Friday when we spoke the 10-year was trading around 1.12%, 1.14%, it’s now at 1.32%. So the yields on the 10-year have been going up this week and that has moved some assets into the dollar,” Hug said.

Why DeFi, not Bitcoin or Dogecoin, will be the next big crypto explosion – Clem Chambers

media@kitco.com (David Lin, Clem Chambers) — Thu, 18 Feb 2021 23:39:12 +0000

If you haven’t already bought into Bitcoin, or even the recent Dogecoin hype, it’s probably too late, and you should start looking into DeFi products instead, said Clem Chambers of InvestorsHub.com.

Rising yields threaten gold collapse as price falls to 2021 low – Lyn Alden (Pt. 2/2)

media@kitco.com (Lyn Alden, David Lin) — Thu, 18 Feb 2021 00:03:46 +0000

Gold is not purely an inflation hedge, but more of a hedge against real interest rates, and rising bond yields that have outpaced the growth of inflation expectations has been weighing down on the precious metal, said Lyn Alden, founder of Lyn Alden Investment Research. “What gold really does is it protects you from an environment where inflation is much higher than the bond yields, and that’s what we’ve seen in 2020 is that gold over the past couple of years had a pretty big appreciation because it was protecting against that. Now, since about late summer 2020, negative real yields have been roughly flat,” Alden said.

Lyn Alden explains Bitcoin’s ‘Ponzi scheme’ definition and next price targets (Pt. 1/2)

media@kitco.com (Lyn Alden, David Lin) — Tue, 16 Feb 2021 22:04:39 +0000

Bitcoin does not fit the narrow definition of what a Ponzi scheme is, said Lyn Alden, founder of Lyn Alden Investment Strategy, who said that $50,000 is the next resistance level.

There is no industrial ‘cabal’ to suppress silver and copper price – Gianni Kovacevic

media@kitco.com (David Lin, Gianni Kovacevic) — Mon, 15 Feb 2021 20:08:51 +0000

There are roughly 2 ounces of silver and more than 100 kg of copper in an electric vehicle like Tesla, said Gianni Kovacevic, CEO of CopperBank. Kovacevic said that it is unlikely automobile manufacturers have been trying to suppress the prices of silver and copper. “As for electric vehicle manufacturers having some sort of a cabal to suppress the price of silver, I don’t buy into that. It’s a commodity, it does have some monetary features, which is unique to itself, but there’s going to be a lot of demand for silver,” he said, adding that silver is going to be more scarce. “I would say that you’re not going to be betting against it.” According to the Silver Institute, battery electric vehicles (BEVs) consume 0.8-1.6oz (25-50g) of silver.

Gold price is not showing a top yet says Peter Hug

media@kitco.com (Peter Hug, David Lin) — Fri, 12 Feb 2021 22:15:42 +0000

The current bull market cycle in the metals is far from over, and the Federal Reserve would need to reverse course on monetary policy before we see a top in prices, said Peter Hug, global trading director of Kitco Metals.

Mining stock valuations are at multi-year lows, here's why

media@kitco.com (David Lin, David Erfle) — Thu, 11 Feb 2021 20:04:45 +0000

Relative to the price of gold, gold and silver miners are at their lowest valuations since 2016. David Erfle of TheJuniorMinerJunky.com explains the macroeconomic forces behind low valuations and what this means for investors.

Longest bull market in stock market history will continue says Mark Skousen

media@kitco.com (David Lin, Mark Skousen) — Thu, 11 Feb 2021 19:58:14 +0000

Until the Federal Reserve reverses course on monetary policy, the current bull market in equities, the longest in U.S. history, is only going to continue, said Mark Skousen, editor in chief of Forecasts and Strategies.

What happens if Tesla buys gold? This would be market reaction

media@kitco.com (Alex Mashinsky, David Lin) — Wed, 10 Feb 2021 17:02:24 +0000

Tesla has stated in its latest annual report that the company has updated its investment policy to now include Bitcoin, gold, and “other assets” as possible investments. While this move may move the price of Bitcoin, it would have limited direct effect on gold prices, said Alex Mashinsky, CEO of Celsius Network.

This is how Bitcoin becomes a trillion dollar market - Gary Wagner

media@kitco.com (Gary Wagner, David Lin) — Wed, 10 Feb 2021 16:57:23 +0000

If every company in the S&P 500 puts 10% of their cash into Bitcoin, the cryptocurrency then becomes a trillion dollar market, said Gary Wagner, editor of TheGoldForecast.com. While gold is climbing slow and steadily as opposed to Bitcoin’s sudden burst into new all-time highs, similar to the “tortoise and the hare”, Bitcoin has higher upside potential in the short-term, with an upside target of $61,000, and a downside correction floor of $39,000, Wagner said.

Locked out of your crypto wallet? What's next and how to prevent this

media@kitco.com (David Lin, Diogo Monica) — Mon, 8 Feb 2021 22:22:53 +0000

Individuals and institutions have different solutions when it comes to protecting cryptocurrency wallet keys, said Diogo Monica, president of Anchorage.

If Bitcoin falls below $20k, ‘something is wrong’; $300k is upside target – Florian Grummes

media@kitco.com (Florian Grummes, David Lin) — Fri, 5 Feb 2021 21:19:10 +0000

If Bitcoin retraces $20,000 and falls below that key support level, then “something is wrong” said Florian Grummes, managing director of Midas Touch Consulting. In the medium term, investors can expect the price to touch $50,000 to $100,000, with the current bull cycle targeting $300,000 a coin, Grummes said. “If Bitcoin does the same thing in the last bull market in 2016 and 2017, we’re going to $320,000 this time,” he said.

Ethereum: the sleeping giant? Why price may double in 2021 - Brian Norton

media@kitco.com (David Lin, Brian Norton) — Thu, 4 Feb 2021 21:46:50 +0000

Ethereum, while outperforming Bitcoin in 2020, has been living in the larger cryptocurrency's shadow, but it's only a matter of time before prices double again from here, said Brian Norton, COO of MyEtherWallet.

Traders take profits in GameStop as stock falls 80% from highs - Chris Vermeulen

media@kitco.com (Chris Vermeulen, David Lin) — Wed, 3 Feb 2021 23:45:05 +0000

GameStop shares fall by 60% on Tuesday, as the price hit $90. "I think the GameStop move is pretty much done," says Chris Vermeulen, chief market strategist at The Technical Traders.

Silver margin requirements increase; price collapses – Peter Hug

media@kitco.com (David Lin, Peter Hug) — Tue, 2 Feb 2021 22:40:43 +0000

The silver price dropped 10% on Tuesday as the CME raised margin requirements for silver contracts. Peter Hug, global trading director of Kitco Metals, said that the silver squeeze attempt has now “backfired” as bullion inventories have run dry as a result, and with premiums up and few physical products to sell, it is now even more difficult for retail investors to push the price up.

The #SilverSqueeze has crunched supply completely – David Morgan

media@kitco.com (David Lin, David Morgan) — Mon, 1 Feb 2021 23:27:57 +0000

The demand surge of silver has completely overwhelmed the supply, and orders are not able to be filled now, said David Morgan of TheMorganReport.

Silver price moves 6% on short squeeze pressure; is that it? Phil Streible

media@kitco.com (Phil Streible, David Lin) — Mon, 1 Feb 2021 23:15:13 +0000

Silver climbs $1.64 as of the 6:00 pm EST market open on Sunday as demand surges, pushing the price to 6-month highs. Phil Streible, chief market strategist at Blue Line Futures, said that a $40 to $50 target from here for silver is not impossible.

This event would cause major bitcoin price crash – Ryan Giannotto

media@kitco.com (Ryan Giannotto, David Lin) — Fri, 15 Jan 2021 19:35:53 +0000

Bitcoin is one of the most unequally distributed assets in the world, with just under half a percent of all bitcoin investors owning more than 80% of all bitcoins, and should they liquidate, the market could see a substantial sell-off, said Ryan Giannotto, director of Research at GraniteShares ETFs.

Investors are taking profits in gold, stocks, but why? Peter Hug

media@kitco.com (David Lin, Peter Hug) — Fri, 15 Jan 2021 19:30:19 +0000

Gold’s reaction to bad economic data continues to be weakness; the precious metal is down almost 1% on Friday. Peter Hug, global trading director of Kitco Metals said that it is only a matter of time before the metal reverts course.

Gold may not be the outperforming metal in 2021 - Kai Hoffmann

media@kitco.com (Kai Hoffmann, David Lin) — Thu, 14 Jan 2021 23:06:02 +0000

Opportunities lie for base metals to outperform gold this year, said Kai Hoffmann, CEO of Soar Financial Group. “With Biden moving into the White House, the Green initiative has been taking a lot of the news, so nickel, cobalt, and uranium, to a degree,” Hoffmann said. “Gold might be left behind a little bit in terms of the attractiveness [relative to] the other commodities.”

America's dominance is coming to an end; this century belongs to China – Gerald Celente

media@kitco.com (David Lin, Gerald Celente) — Thu, 14 Jan 2021 22:35:32 +0000

An artificially boosted economic recovery will come by spring time, but the equities markets are still in danger of a sharp pullback, said Gerald Celente, publisher of the Trends Journal.

Here’s why your retirement plan is in danger right now says Peter Grandich

media@kitco.com (Peter Grandich) — Wed, 13 Jan 2021 18:44:40 +0000

More retirees are rushing into equities, especially stocks with high dividend yields, but the sentiment on equities markets has now reached mania levels, said Peter Grandich, founder of Peter Grandich & Co.

E.B. Tucker updates his timeline for $2,500 gold

media@kitco.com (E.B. Tucker) — Wed, 13 Jan 2021 14:27:43 +0000

Given the political and economic environment that we’re in, gold should be much higher, said E.B. Tucker, author of “Why Gold, Why Now.” Tucker had predicted gold to hit $2,500 an ounce by year-end of 2020, he is now updating his views and sees the price to hit that level by next year.

Why Todd Horwitz is still short gold after Friday's correction

media@kitco.com (Todd Horwitz) — Mon, 11 Jan 2021 20:16:06 +0000

As bitcoin price fell by 20% on Monday, some traders are anxious to know if now is the time to buy. Todd Horwitz of BubbaTrading.com is waiting for this pullback to continue some more.

Why is gold price plunging? Gareth Soloway breaks down causes

media@kitco.com (David Lin, Gareth Soloway) — Fri, 8 Jan 2021 21:54:50 +0000

Investors are dumping lower yielding assets like gold to buy higher volatility securities like Tesla shares and bitcoin, said Gareth Soloway, chief market strategist at In The Money Stocks, but Soloway is not selling his gold yet. Soloway’s comments come as Friday’s nonfarm payroll report showed a loss of 140,000 jobs in December, the most since the start of the pandemic.

Why gold investors have taken profits but bitcoin traders haven’t, yet

media@kitco.com (Gary Wagner) — Thu, 7 Jan 2021 19:36:13 +0000

A Democrat lead in the Georgia Runoffs election should be positive for gold, as more stimulus can be expected from a Democrat-controlled Senate, but instead, gold prices fell today.

Bitcoin, gold, stocks, all face danger in 2021 – Chris Vermeulen

media@kitco.com (David Lin, Chris Vermeulen) — Wed, 6 Jan 2021 15:54:29 +0000

When something goes straight up, it usually comes straight back down said Chris Vermeulen, chief market strategist at The Technical Traders, referring to bitcoin's recent parabolic move upwards. Gold sees upside to the $2,400 an ounce level in 2021 but faces risks of a possible stock market correction that could drag the metal down.

What happens to gold after Georgia Runoffs? Peter Hug

media@kitco.com (David Lin, Peter Hug) — Wed, 6 Jan 2021 15:17:36 +0000

Whether the Democrats or Republicans take the two Senate seats in Georgia will determine how much stimulus the economy will get, said Peter Hug, global trading director of Kitco Metals.

Is copper the real winner of 2021? Gianni Kovacevic gives price forecast

media@kitco.com (David Lin, Gianni Kovacevic) — Thu, 31 Dec 2020 19:50:55 +0000

The "future" is already happening now, and copper stands to benefit the most from the electrification of our economy, said Gianni Kovacevic, CEO of CopperBank.

What market crash? Frank Holmes stays bullish on gold, stocks, for 2021

media@kitco.com (David Lin, Frank Holmes) — Wed, 30 Dec 2020 20:36:20 +0000

2021 is not going to be the year of another market crash, said Frank Holmes, CEO of U.S. Global Investors. In fact, the economy is expected to see a substantial rebound, followed by a rally in gold, stocks, and bitcoin.

Buying gold stocks? Screen for these financial metrics – Sprott

media@kitco.com (David Lin, Whitney George) — Tue, 29 Dec 2020 19:20:46 +0000

Gold bullion and gold stocks are different asset classes that serve different purposes; the former is a currency that hedges against fiat currencies, while the latter is more risky and gives leverage to the metal, said Whitney George, president of Sprott Inc.

Why Kevin O’Leary is investing in education, watches, and psychedelics (Pt. 2/2)

media@kitco.com (Kevin O’Leary, David Lin) — Thu, 24 Dec 2020 18:08:07 +0000

America is facing a generational crisis where younger people have no wealth built up and lack the financial literacy to do so, said Kevin O’Leary, star of Shark Tank and chairman of O'Shares ETFs. “In America today, there’s 100 million people that have nothing set aside for retirement,” O’Leary said. “That is a failure of financial literacy that started as far back as the 1970s.”

Why Kevin O'Leary thinks gold, not bitcoin, is the ultimate hedge (Pt. 1/2)

media@kitco.com (Kevin O’Leary, David Lin) — Wed, 23 Dec 2020 20:21:20 +0000

Kevin O’Leary, chairman of O’Shares ETFs and star of Shark Tank, said that the digitization of America is here to stay, even if the economy opens up again. O’Leary has sold off his commercial real estate holdings to redeploy capital into the technology, healthcare, and consumer service sectors. On gold, O’Leary sees the metal as a hedge against inflation, and contrary to what some analysts think, it will not be replaced by bitcoin anytime soon.

Expect higher inflation, dollar devaluation, and higher gold price in 2021

media@kitco.com (Steve Hanke, David Lin) — Tue, 22 Dec 2020 22:12:51 +0000

Commodities, including gold, have been seeing initial signs of a long-term bull supercycle, said Steve Hanke, professor of applied economics at Johns Hopkins University.

Is this the end of the stock market bull run? Gareth Soloway gives 2021 outlook

media@kitco.com (David Lin, Gareth Soloway) — Mon, 21 Dec 2020 22:48:56 +0000

The equities markets have reached a top and are due for a pullback by about 15% - 20% in the New Year, said Gareth Soloway, chief market strategist at InTheMoneyStocks.com. “We’re now getting to a point where we have such inflated valuations that if you don’t get this monstrous beyond 35% earnings growth [that some analysts are forecast] then markets are going to sell-off pretty sharply,” Soloway said.

Northern Vertex announces new merger; aims to be 'lead consolidator of U.S. projects'

media@kitco.com (Ken Berry, David Lin) — Mon, 21 Dec 2020 22:21:14 +0000

Northern Vertex (NEE.V) has announced a merger with Eclipse Gold Mining Corporation (EGLD.V). “Our goal has been organic growth but also growth through consolidation. This merger offers the shareholders of Eclipse an opportunity to be part of a producing mine, a mine that has been actively developed and has transitioned from exploration through the production of the last half a dozen years,” said Ken Berry, CEO of Northern Vertex.

How severe are COVID, Brexit impacts on gold bullion supply?

media@kitco.com (Ruth Crowell, David Lin) — Mon, 21 Dec 2020 22:09:02 +0000

With lockdowns resuming in Europe, concerns rise that London, a major vaulting center, will face logistical challenges in transporting and servicing gold and silver bullion, similar to what happened in March that led to shortages of the physical precious metals markets. Ruth Crowell, chief executive of the London Bullion Market Association (LBMA), said that vaults and service providers are more prepared this time around. “This is something we talk about in terms of potential market disruptions, and part of our role in terms of being that point of contact for the infrastructure providers here in London is talking to the vaults and the carriers about how are you ready…for COVID challenges as well as Brexit challenges. I think the overwhelming response is that they’re very prepared,” Crowell said. “And in some ways having had the challenges of the pandemic in March and April has made the market more resilient to those challenges up ahead.”

What $10,000 gold price means for the financial system - Peter Hug

media@kitco.com (David Lin, Peter Hug) — Fri, 18 Dec 2020 23:48:31 +0000

$10,000 gold price would mean the end of the financial system, as we know it. Peter Hug, Global Trading Director of Kitco Metals, talks about likely scenarios for inflation, the economy, gold, and silver for 2021.

WallStreetBets founder Jaime Rogozinski on why he created it

media@kitco.com (David Lin, Jaime Rogozinski) — Wed, 16 Dec 2020 15:52:40 +0000

Jaime Rogozinski founded WallStreetBets to create a forum for young traders to share trading ideas, especially those of higher risk. Today, it is the largest subreddit on trading, and one of the most popular online communities for young traders. Rogozinski shares his favorite trading anecdotes from the forum.

Rick Rule: This is the only asset that can 'threaten' gold

media@kitco.com (Rick Rule, David Lin) — Wed, 16 Dec 2020 15:40:12 +0000

The broad equities index remains the only “threat” to gold and gold investors, said Rick Rule, president of Sprott U.S. The “existential crisis” facing the gold sector comes from the lack of exploration activity from miners.

Rick Rule: Top investing mistakes, new wave of gold bugs emerging

media@kitco.com (Rick Rule, David Lin) — Mon, 14 Dec 2020 20:05:22 +0000

Gold investors are prone to making common mistakes that can be detrimental to a portfolio, including excessive diversification, picking companies that don’t adhere to an investment objective, and not sticking with management teams with proven track records, said Rick Rule, president of Sprott U.S. “If I had just hung out with the Ross Beatys, the Bob Quartermains, the Robert Friedlands, the Lukas Lundins, all of them I’ve done business with, by the time I was 35 and not bothered with the rest of the universe, I would have worked less hard and made more money,” Rule said.

Can gold continue its bounce back? Here is Peter Hug’s year-end target

media@kitco.com (Peter Hug, David Lin) — Fri, 11 Dec 2020 23:17:24 +0000

Gold has bounced back from its support level of the low $1,800s, and is on track to touch $1,920 by Christmas time, said Peter Hug, global trading director of Kitco News.

Thomas Kaplan sees NOVAGOLD as the Holy Grail in mining

media@kitco.com (Thomas Kaplan, Neils Christensen) — Fri, 11 Dec 2020 21:13:59 +0000

Silver may be Thomas Kaplan's first love as he sees the potential for the precious metal to eventually push to $100 dollars; however, he is also not giving up on gold as he sees the yellow metal in the third-wave of a secular bull market that will take it "way past new highs." He noted that gold was in a strong uptrend well before the COVID-19 pandemic devastated the global economy. "All the pandemic has served to do is to make people now understand that the question of money and what is money when clearly it can be printed at will, he said. "The debasement of currencies is obviously very, very bullish for gold.”

'Silver has always been my first love,' says billionaire Thomas Kaplan in Kitco Exclusive

media@kitco.com (Thomas Kaplan, Neils Christensen) — Thu, 10 Dec 2020 21:03:31 +0000

For the first time in 20 years, Thomas Kaplan, CEO of Electrum Group, has launched a new public silver producer. In an exclusive interview with Kitco News, Kaplan talks about his silver and gold projects and his outlook for the precious metals. In November, The Electrum Group went public with Gatos Silver (NYSE: GATO, TSX: GATO), which raised $170 million in its IPO. It was also one of the first precious metals companies listed directly on the New York Stock Exchange. Looking at commodity prices, Kaplan said that gold and silver are just at the start of a significant bull market. "Once silver stabilizes and gold is going up as some monetary metals, silver then starts to follow gold and then it gets octane and it surpasses gold," he said. "That's what happened during the financial crisis and we are starting to see that again."

Don't ignore possibility of $1,000 gold price says Lobo Tiggre

media@kitco.com (Lobo Tiggre, David Lin) — Wed, 9 Dec 2020 18:34:42 +0000

Even though a bear case for gold is unlikely to happen, investors should not be sailing with their eyes closed and ignore the possibility of a pivot in fiscal and monetary policies, which would drag gold prices down, said Lobo Tiggre of the Independent Speculator. “It’s not something that keeps me up at night. It is something worth thinking about,” Tiggre said. “Here’s the scary thing, [gold] could go quite low. If you look at the big correction in the middle of the 1970s bull market, that was on the order of 50%.”

Jim Rogers: Markets are not in a bubble yet, opportunities lie here

media@kitco.com (Jim Rogers, David Lin) — Tue, 8 Dec 2020 20:01:54 +0000

There’s simply too much money injected into the monetary system by central banks to allow a sizeable bear market to take place soon, said Jim Rogers, investor and chairman of Rogers Holdings. “Many stocks in the U.S. are down in 2020. There are a few stocks that are going through the roof every day. Some parts of the U.S. market are developing a beginning of a bubble, but many parts of the markets are not, that’s why I suspect [this rally] is going to go on for a while,” Rogers said.

How you should allocate between stocks, gold, and crypto - Frank Holmes

media@kitco.com (David Lin, Frank Holmes) — Tue, 8 Dec 2020 19:48:15 +0000

Another 40% move in gold in 2021 is "very doable" says Frank Holmes, who is looking for a range of $2,200 to $2,600 an ounce. Cryptocurrencies will continue to do well; Bitcoin will be driven by increased adoption, while Ethereum benefits from the latest developments in DeFi.

Raoul Pal makes the case for $300 bitcoin in 18 months (Pt. 2/2)

media@kitco.com (David Lin, Raoul Pal) — Fri, 4 Dec 2020 23:04:13 +0000

Bitcoin is like a call option to the emergence of cryptocurrencies in the world, said Raoul Pal, CEO of Real Vision. "I've never seen anything like what is going on right now. You have a limited supply asset that now is a globally recognized brand that everybody knows, but not everybody understands. What's happening now is institutions are coming into the space," Pal said. More information about cryptocurrencies from Raoul Pal can be accessed at Real Vision Crypto: https://www.realvision.com/crypto.

Bitcoin price to retest $15,000 says Alex Mashinsky who called all-time highs in 2020

media@kitco.com (Alex Mashinsky, David Lin) — Thu, 3 Dec 2020 18:18:43 +0000

Bitcoin may have hit new all-time highs, but not enough momentum is here to sustain this rally, and a pullback towards $15,000 to $16,000 may happen before the price climbs higher still, said Alex Mashinsky, CEO of Celsius Network. Mashinsky has correctly predicted that bitcoin would breach the 2017 highs this year, which it did earlier this week.

Raoul Pal on why emerging markets will dominate in the next 5 years (Pt. 1/2)

media@kitco.com (DAvid Lin, Raoul Pal) — Wed, 2 Dec 2020 16:30:07 +0000

If Raoul Pal, CEO of Real Vision, had to choose one place to make a 5-year investment, it would be in emerging markets. “Very simple asset allocation. I’d buy bonds in case this economic growth doesn’t appear because the virus goes on longer, the vaccine takes longer to roll out, and we’ve seen shut downs in Europe and I think we’re going to get them in the U.S.. So buy bonds and buy emerging markets,” Pal told Kitco News. “If growth comes back, you’ll make a huge amount of money in emerging markets.”

Don't expect 'Santa Claus' rally into the New Year - Gareth Soloway

media@kitco.com (David Lin, Gareth Soloway) — Tue, 1 Dec 2020 14:16:32 +0000

As the economy recovers, consumers are likely to rotate spending out of retail items and into other, bigger discretionary purchases, like vacations, said Gareth Soloway, chief market strategist at InTheMoney Stocks.

These are the dominant forces behind gold in 2021

media@kitco.com (David Lin, Kevin Rich) — Mon, 30 Nov 2020 17:22:59 +0000

Sustained low interest rates, coupled with large levels of debt and an eventual return to inflation will be the dominant drivers of gold in 2021, said Kevin Rich, consultant to the Perth Mint.

Gold price to fall to $1,000 before strongest boom in history – Harry Dent (Pt. 2/2)

media@kitco.com (David Lin, Harry Dent) — Mon, 30 Nov 2020 00:59:28 +0000

From 2022 on, I’d be buying gold hand hand in fist, it’s going to hold up better than most commodities,” said Harry Dent, founder of HS Dent, who is calling for gold to see its final rally to $2,200 an ounce next year before falling to multi-year lows until 2022. "I’m expecting gold to go up…when this crisis starts to build next year, it’s going to see more stimulus, it’s going to go up at first. I have a target of $2,200,” Dent said. “$2,200 is the strong resistance in the coming months and then crash back down to its 2015 lows, around $1,000.”

This will be the trigger for the biggest stock market crash in our lifetime, says Harry Dent (Pt. 1/2)

media@kitco.com (David Lin, Harry Dent) — Mon, 30 Nov 2020 00:49:12 +0000

The cyclical bull market for equities is over; after December, stocks will begin a secular multi-year decline, starting with a 40% correction by April, said Harry Dent, founder of HS Dent. "If we see another new low in the stock market, I predict we are not going to see new highs on the Dow, S&P, NASDAQ, biotech, you pick anything...you're not going to see new highs on anything for decades," Dent said.

Is the pain over yet for gold? Alain Corbani gives forecast

media@kitco.com (David Lin, Alain Corbani) — Mon, 30 Nov 2020 00:10:01 +0000

Gold has broken a critical support level, but there is not much downside left, said Alain Corbani, portfolio manager of Finance SA, who forecasts $2,500 an ounce for gold's upside target. The metal will be caught between conflicting macroeconomic forces next year: slightly higher negative real interest rates, but a weakening U.S. dollar. While gold has a negative correlation with negative real rates, ultimately, the dollar will prevail as the dominant driver of gold during this current phase of the commodity cycle.

Peter Hug breaks down the ideal allocation into gold and silver

media@kitco.com (Peter Hug, David lin) — Sun, 29 Nov 2020 23:51:54 +0000

What is the short-term trend for gold? Is the long-term outlook still positive? How much, if any, of the metals should be in your portfolio now? Peter Hug, global trading director, answers these questions.

$100k bitcoin next year: why 2021 will shatter all records - OKCoin CEO

media@kitco.com (David Lin, Hong Fang) — Fri, 20 Nov 2020 20:27:09 +0000

Bitcoin is becoming 'digital gold' and there is a case to be made for the recent price surge to continue to $100,000 by 2021, says Hong Fang, CEO of OKCoin, one of the largest crypto exchanges in the world. Fang argues that should bitcoin catch up to even 25% of gold's global market capitalization of $9 trillion, that figure would amount to a price range for BTC of $80,000 to $100,000.

A 'sober' 2021 gold price target; say goodbye to 'phenomenal' drivers - HSBC's Jim Steel

media@kitco.com (Jim Steel, David Lin) — Fri, 20 Nov 2020 20:15:29 +0000

2020 has seen a “phenomenal” inflow of gold-backed exchange-traded funds, fueling an investment-led rally, but while ETF inflows are still expected to be strong, 2020’s level of inflows would be hard to keep up. Jim Steel, chief precious metals analyst at HSBC, said that gold will average a price of $1,965 an ounce in 2021, owing to competing macroeconomic forces; accommodative monetary policy will continue to provide tailwinds, but an unwinding of geopolitical risk from a Biden Administration will ease the appetite for gold. “Gold is sensitive to geopolitical risk,” he said. “If we’re going to get some rapprochement on the trade issues between the United States and the other countries, and it’s not just one country, it could be from several, and we also get a charm offensive from the Biden Administration to U.S. allies or to others, and the geopolitical risks come down and there’s progress made on the trade front, then that would be negative for gold.”

Pfizer, Moderna vaccines: Will they work? When is delivery? McGill scientist answers

media@kitco.com (David Lin, Dr. Joe Schwarcz) — Fri, 20 Nov 2020 20:03:55 +0000

Both the vaccines from Pfizer and Moderna are categorized as messenger RNA vaccines, and the technology behind this is relatively new, said Dr. Joe Schwarcz, director of the Office for Science and Society at McGill University. Schwarcz outlines the process by which Pfizer and Moderna conducted their vaccine trials, and explains why vaccines are very low-risk.

Gold price plummets $100, can it go lower? Pfizer, travel stocks soar, Zoom tanks

media@kitco.com (Peter Hug, David Lin) — Sat, 14 Nov 2020 23:08:33 +0000

Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%). Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’.

Economy to shut down again this winter says Lobo Tiggre, investor who called gold price drop

media@kitco.com (Lobo Tiggre, David Lin) — Sat, 14 Nov 2020 22:56:47 +0000

"If Biden is sworn in, he'll shut the economy down this winter more than Trump would have. USD goes under the bus, stagflation is likely. They'll blame COVID-19, but for once, socialism might also get some of the blame for the trouble it causes..." said Lobo Tiggre of the Independent Speculator in a Tweet made last week.

"I would be surprised if we don’t sell off" - Gareth Soloway shorts stock market

media@kitco.com (david lin, Gareth Soloway) — Sat, 14 Nov 2020 22:45:58 +0000

Nothing has fundamentally changed in the economy to warrant a sustained rally in the stock markets, said Gareth Soloway, chief market strategist at InTheMoneyStocks.com, speaking with Kitco News at 3:45 pm EST on Monday.

“I don’t believe anything major has changed. We knew a vaccine was going to come, the projections are still first quarter, early second quarter,” he said. “The same thing with Biden coming into the White House, it doesn’t change a lot of the economics of the market, so it does concern me and I used it to put on shorts today.”

The Dow Jones rallied 800 points in the biggest single day gain in 5 months on Monday following Pfizer's announcement that their COVID-19 vaccine is 90% effective.

Investors should expect divided government, no tax increase, and stimulus delay

media@kitco.com (Matt Gertken, David Lin) — Thu, 5 Nov 2020 19:46:30 +0000

With the Republicans set to take the Senate and the Democrats already having the House, Matt Gertken, vice president of Geopolitical Strategy of BCA Research anticipates a divided government that is likely to result in no tax increases but potentially smaller, and delayed fiscal stimulus.

E.B. Tucker: $2,500 gold price target and how to fight 'war on wealth' during Biden presidency

media@kitco.com (David Lin, E.B. Tucker) — Thu, 5 Nov 2020 19:41:36 +0000

With odds now stacked heavily in Joe Biden’s favor, it’s now looking more likely that the next four years will see a Democratic president in the White House. E.B. Tucker, director of Metalla Royalty and “Why Gold? Why Now? The War Against Your Wealth and How to Win It” said that gold and gold royalty stocks still remain the ultimate weapons against the “war against wealth.” Tucker said that bigger government, more government intervention, and low interest rates are all likely to persist during a Biden Administration, creating tailwinds for gold. Tucker maintains $2,500 an ounce by the end of the year as his gold price target.

Fed's impact on inflation: what investors got wrong - Steve Hanke

media@kitco.com (Steve Hanke, David Lin) — Thu, 29 Oct 2020 19:46:05 +0000

One of the main lessons from the last financial recession of 2008 is that the U.S. economy did not see double-digit inflation rates when quantitative easing was launched, said Steve Hanke, professor of applied economics of Johns Hopkins University. "All the gold bugs in the world said that the Fed was exploding its balance sheet, the narrow measure of money was going up very fast, we're going to have hyperinflation. No, we didn't have hyperinflation because the Fed is a very small part of the broad money picture, and broad money never grew very fast, it never grew more than about 5% per annum," Hanke told Kitco News.

Gold goes higher because more stimulus must come - Hug

media@kitco.com (Kitco) — Fri, 23 Oct 2020 21:01:25 +0000

The stimulus will happen no matter who wins and that is good for metals and gold, said Peter Hug, Kitco’s head of the precious metal division. Hug spoke to Kitco News Thursday as Republican and Democrat leadership continued negotiating a COVID-19 stimulus package in excess of $2 trillion. Some Republican senators are holding out, but Hug said a deal will happen because there is too much pressure from businesses and the states.

Gold price fell after last election, can it happen this time?

media@kitco.com (David Lin) — Wed, 21 Oct 2020 22:51:29 +0000

Presidential election uncertainty is going to continue to impact all markets, including gold, said David Erfle of JunioMinerJunky.com. Here's all the risks to look out for.

Scarcity is working in favor of the gold sector

media@kitco.com (Kitco) — Wed, 21 Oct 2020 22:39:21 +0000

Not only are macroeconomic conditions still positive for gold, but the scarcity of supply also runs in the metal’s favor, according to Rahul Paul, president of Radisson Mining Resources (TSXV: RDS.V).
“Because of the lack of spending over the last several years, we haven’t seen as many new discoveries, so we’re now beginning to see a scarcity premium. We’re essentially running out of gold reserves, which is why investors, for that matter large producers, are now looking at and paying more attention to exploration companies like Radisson,” Paul said.