Gold News

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.

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

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

British Court Refuses To Release Venezuelan Gold To Maduro

18 months ago, the ‘virtue-signaling’ Bank of England stuck a knife between the ribs of Venezuela’s embattled socialist leader, Nicolas Maduro, a former bus driver and anointed successor of Huge Chavez who managed to cling to power last year despite a Western-backed coup attempt led by opposition leader Juan Guaido, whose government was officially recognized by dozens of foreign governments.

But when the Venezuelan military refused to break with Maduro, choosing instead to back him over Guaido, Guaido gradually faded into irrelevance.

Endeavour becomes West Africa’s top gold miner

Canada’s Endeavour Mining (TSX:EDV) said on Thursday it had completed the C$1 billion ($732m) acquisition of smaller rival Semafo, which has created West Africa’s top gold producer.

With the merger completed, Semafo’s president and chief executive Benoit Desormeaux, has assumed as Endeavour’s new president.

Semafo’s chief financial officer, Martin Milette, was set to be group CFO, but he has informed Endeavour that, for personal reasons, he won’t be able to relocate to London.