Gold, Silver Prices Ease Lower

Source: Kitco, Jim Wyckoff (7/8/11)

"Gold and silver prices are slightly lower as the U.S. awaits the release of the employment report.

Kitco, Jim Wyckoff

Comex gold and silver futures prices are trading slightly lower in quieter dealings Friday morning, on some mild profit-taking and as traders await the release of the important U.S. employment report. August gold last traded down $1.50 at $1,529.10 an ounce. Spot gold last traded down $4.00 an ounce at $1,529.25. December Comex silver last traded down $0.213 at $36.34 an ounce.

The marketplace is awaiting the release of the June U.S. employment report. The expectation is that non-farm payrolls rose by around 125,000 during June. A figure close to that expectation should be a bit bearish for the safe-haven precious metals, as it would suggest a healthier U.S. economy and would likely increase investor risk appetite. However, a weaker-than-expected non-farm jobs number would likely be a bit bullish for gold and silver.

Good physical demand for gold continues to underpin the market.

The ongoing European Union sovereign debt crisis also remains a bullish factor for the precious metals markets, on safe-haven demand due to the uncertainty of the issue.

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.