Daily Archives: 07/08/2020

Spot Gold Tops $1,800 For First Time Since 2011, Silver Breaches $19

Precious metals are extending yesterday’s gains with spot gold topping $1,800 for the first time since Nov 2011.

Futures are soaring this morning…

This is the highest for spot gold since Sept 2011…

Silver is also soaring, with futures topping $19…

Is the soaring rhetoric between US and China renewing doubts about the USDollar’s future?

As Peter Schiff recently noted, any realistic assessment of the economy should reveal at best it will recover from a depression to a recession.

Novagold sues J Capital Research for defamation

Novagold (NYSE, TSX: NG) announced on Tuesday that it had served short-seller J Capital Research USA (JCAP) with a civil action lawsuit for defamation in the United States District Court for the Eastern District of New York.

Novagold and Barrick have reopened the Donlin camp last month following a two-month due to the covid-19 pandemic

The company alleged that on May 28, JCAP issued a “report” on Novagold that contained false and misleading statements as part of what the company believes to be a “short and distort” attack.