precious metals

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Yamana Gold to acquire Monarch in $114 million deal

 in Gold / News / precious metals by

Yamana Gold (TSX: YRI) (NYSE, LON: AUY) is expanding its footprint in the precious metals-rich Abitibi region of Quebec, Canada, by acquiring all shares in smaller rival Monarch Gold (TSX: MQR) it does not already own for C$152 million (about $114m).

The cash and share deal gives Yamana the Wasamac property, which is about 100 km from its 50%-owned Canadian Malartic mine, as well as Camflo mill, also in Quebec.

Monarch said it would first spin off its other mineral properties and certain other assets and liabilities into a new company.

Market Update: Gold Hits $1800 – What’s Next?

 in Articles / Gold / Gold News / Markets / News / precious metals / silver by

As we committed to last week, this week’s video focuses on the precious metals and the exceptional performance gold is exhibiting right now after many years of disappointing returns.
Year-to-Date, it’s hard to find an asset class that has performed better than gold and gold mining stocks:

And the reasons for owning gold just keep getting stronger and stronger. As this week’s expert guest Jeff Clark, Senior Precious Metals Analyst at GoldSilver.com

Color Me Skeptical: SchiffGold Friday Gold Wrap Dec. 13, 2019

 in consumer debt / economy / Federal Reserve / Friday Gold Wrap / Gold / interest rates / investing / Jerome Powell / monetary policy / precious metals / silver / trade war by

We have a trade deal! Maybe. Meanwhile, the Fed wrapped up its last FOMC meeting of the year this week and did nothing. But Powell and Company did give us some indication about what we should expect next year. The week’s news played tug-o-war with gold.

(video) I Owe, I Owe… SchiffGold Friday Gold Wrap Sept. 13, 2019

 in budget deficit / consumer debt / credit card / dollar / Donald Trump / ECB / Federal Reserve / Friday Gold Wrap / Gold / interest rates / investing / monetary policy / precious metals / silver by

The price of gold whipsawed this week, driven up and down by various headlines. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some of the big news that moved the markets. But he said that we need to keep our eyes on the big picture. All of this is happening in […]

‘Somebody’ Finally Cares About Gold

 in Articles / central banks / ECB / Fed / Federal Reserve / Gold / Gold News / Grant Williams / precious metals / silver by

Grant Williams pithily summed up the situation that has been plaguing gold since 2013: No One Cares.

Yes, it’s highly likely that the price has been suppressed. But not enough buyers cared to fight the bullion bank/central bank cartel or make life difficult enough for the politicians — and thus, the regulators — to change things.

So gold languished. For years.

But last August, gold quietly entered a bull market after breaking above $1200.