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In an interview with The Gold Report, the Canadian gold and silver analyst Mike Kachanovsky, a.k.a. "Mexico Mike", stated that the precious metals bull market still has plenty of life left in it yet. Kachanovsky expects the world's current economic problems to persist, and that central banks will continue to monetise debt ...
As a result of the current bull market in precious metals, most silver producers are reporting solid profits. Market observers believe that in the years ahead silver demand will grow, resulting in continuing price rises in the metal. Demand from the medical and industrial sectors is growing steadily, while silver production as a ...
Gold had a solid day yesterday, closing the Comex pit session above important resistance at $1,650 per ounce. Silver for March delivery also finished above $30 per ounce. At the currency markets the US dollar weakened slightly, with the Dollar Index losing 0.36% to close at 81.18. This helped solidify recent gains in crude oil prices, ...
In the last week there have been a raft of statistics showing that the US economy is weakening. The implications for other western economies are hardly bullish. They also strengthen arguments in favour of more reflation for fear of something worse. This is despite further increases in the US monetary base to a record $2.5 trillion. It is ...
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