Jim Rickards: Gold is the everything hedge
Submitted by admin on Thu, 2025-04-24 19:12 Section: Daily DispatchesBy James G. Rickards
The Daily Reckoning, Baltimore
Thursday, April 24, 2025
It's a subject we analyze continually, and we have recommended gold as part of a sound investment portfolio for years. Today the dollar price of gold is hovering near all-time highs over $3,300 per ounce.
Brien Lundin: Gold plummets -- and gold bulls are elated
Submitted by admin on Wed, 2025-04-23 18:50 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, April 23, 2025
I've never been so happy to see gold drop $100 in a day.
Of course I've never been happy at all to see gold drop like that, before today.
In a sign of how weird and volatile these markets are, I clicked on the MarketWatch tab in my browser this morning, only to see it hadn't updated since I last viewed it yesterday. I couldn't help but notice it showing the Dow down 600 points and gold up $108.
GATA needs your help, and there's silver in it for you
Submitted by admin on Wed, 2025-04-23 18:44 Section: Daily Dispatches6:43p ET Wednesday, April 23, 2025
Dear Friend of GATA and Gold:
We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal's spectacular rise: the collapse of the derivatives-based gold price suppression system.
Barrick Gold sells Alaska mine stake to John Paulson and NovaGold for up to $1.1 billion
Submitted by admin on Tue, 2025-04-22 16:14 Section: Daily DispatchesFrom Reuters
Tuesday, April 22, 2025
Canada's Barrick Gold said today it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion.
The Donlin Gold project is a proposed mine that holds roughly 39 million ounces of gold. It was jointly owned by Barrick Gold and NovaGold, holding a 50% stake each.
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China plans overseas warehouses for Shanghai Gold Exchange to build pricing power
Submitted by admin on Tue, 2025-04-22 14:01 Section: Daily DispatchesBy Amy Lv and Lewis Jackson
Reuters
Tuesday, April 22, 2025
BEIJING -- China is considering setting up overseas warehouses to aid international settlement of specific products on the Shanghai Gold Exchange, its central bank said Monday.
Shanghai Gold Exchange will be supported to conduct cooperation with overseas exchanges to expand use of the yuan benchmark in the international market, the statement said.
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Ross Beaty-backed Lumina Gold agrees to $581 million acquisition by China's CMOC
Submitted by admin on Tue, 2025-04-22 12:45 Section: Daily DispatchesBy Niall McGee
The Globe and Mail, Toronto
Monday, April 21, 2025
Ross Beaty-backed Lumina Gold Corp. has agreed to be acquired by a subsidiary of China’s CMOC Group Ltd. for $581 million.
Vancouver-based Lumina is developing the Cangrejos gold project in Ecuador. In 2023 the company published an engineering study that showed the potential for a mine to produce 9.8 million ounces of gold, 7.8 million ounces of silver, and 1.1 billion pounds of copper over 26 years. The capital cost for the initial phase of the project was projected at US$925 million.
