Switzerland is awash in gold and silver, so much so that they are flushing the precious metal down the toilet. Image courtesy of Eawag: Swiss scientists say that $3.4 million worth of gold and silver end up in the nation’s waste treatment plants….
According to the Federal Reserve, the process is called quantitative normalization. This is a process by which the Fed reverses the actions and the net effect of the actions taken during the protracted period of quantitative easing. These actions amount to a tightening….
(Kitco News) – Germans invested a hefty $7 billion into gold products in 2016, the World Gold Council (WGC) said in its October market update, adding that there is more room to grow. WGC pointed out that traders in Germany choose to protect….
(Kitco News) – UBS has tempered its expectations for gold prices but nevertheless looks for a recovery into the first quarter of 2018, calling for prices to average $1,325 an ounce next year. Silver and platinum are expected to rise on the coattails….
Sandstorm Gold Ltd. (NYSE MKT: SAND; TSX: SSL) reports sales of approximately 14,290 gold-equivalent ounces during the third quarter, the second-highest quarterly total in company history. The ounces were delivered from 20 royalty assets. Sales for the year so far of some 42,600….
Commentaries & ViewsShare this article: (Kitco News) – Gold remains vulnerable from a technical perspective with a test of the 200-day moving average at $1,250 in sight. The dollar has stabilized after recent strength but U.S. yields continue to push higher, which suggests….