Gold Rebounds from Four-Month Low

Source: Bloomberg, Pham-Duy Nguyen (1/28/11)

"Bets that low U.S. borrowing costs will bolster demand raises gold."

Gold futures rose from the lowest in almost four months on bets that low U.S. borrowing costs will bolster demand for the precious metal as an alternative investment.

This week, the Federal Reserve kept its benchmark interest rate close to zero% to bolster the economy. Before today, gold dropped 7.1% this month, partly as an equity rally eroded the appeal of the metal. In 2010, futures jumped 30%, the 10th straight annual gain.

"The correction is running its course," said Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago. "The Fed's continued stance on interest rates gave credence to the long side of the market."

Gold futures for April delivery rose $9.60, or 0.7%, to $1,329.40 an ounce at 11:25 a.m. on the Comex in New York. Earlier, the price touched $1,309.10, the lowest since Oct. 1. The metal reached a record $1,432.50 on Dec. 7.

Yesterday, holdings in exchange-traded products backed by bullion dropped to the lowest level since June, according to data compiled by Bloomberg from 10 providers.

Gold Explorer Highlights 2020 Achievements and Outlook
Source: Streetwise Reports (01/29/2021)

Magna Gold Corp.'s CEO Arturo Bonillas issued a letter to shareholders outlining the firm's business and financial accomplishments in 2020 and its strategy and outlook for 2021.

Cabral Gold's channel samples at the JM target provide "further evidence that numerous high-grade veins occur within the Cuiú Cuiú district."

Explorer Completes Phase 2 Metallurgical Work for Palladium-Copper Project
Source: Streetwise Reports (01/28/2021)

Generation Mining intends to wrap up the feasibility study on Marathon this quarter.

Silver Firm Reports Q4/20 Processing, Production Numbers from Mexico Project
Source: Streetwise Reports (01/28/2021)

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.

Explorer Reports High-Grade Gold-Silver Intercepts at BC Golden Triangle Property
Source: Streetwise Reports (01/27/2021)

Scottie Resources Corp. advises that the target remains open in most directions.

Golden Arrow Resources Out Exploring Again After COVID-19; Hits High-Grade Gold at Tierra Dorada in Paraguay
Source: The Critical Investor for Streetwise Reports (01/27/2021)

The Critical Investor explains why he believes "investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success."

Junior Mining Sector 'the Best Value in the Space'
Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

Shenanigans Abound: Gold, Silver and Cryptocurrency
Source: Michael Ballanger for Streetwise Reports (01/26/2021)

Sector expert Michael Ballanger explores the generational trends currently shaping investment markets, including the precious metals.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.