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Anglo American to Retain 20% Stake in Demerged Platinum Business

Anglo American said it does intend to sell the remainder of its retained shares over time, and said that it will not hold any representation on the Anglo American Platinum board after the split.

Source – Morning Star

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    Idaho House Bill 40 to end taxes on gold and silver

    Idaho yesterday formally ended state income taxes on gold and silver as part of its largest tax cut in state history.

    House Bill 40, sponsored by House Speaker Mike Moyle and begrudgingly signed by the state’s liberal Republican governor Brad Little, provides a sweeping $253 million income tax cut for Idahoan taxpayers by lowering the rate from 5.695% to 5.3% while also adding two specific exemptions.

    Moyle said today, “I’m proud to help secure another $253 million in income tax cuts for Idaho families. Meanwhile, it makes no sense for Idaho to tax gold and silver, the only money mentioned in the U.S. Constitution.”

    Source – Money Metals

  • Arkansas Gold & Silver Dealer Page!

    I’m very happy to post a new state page for Victorias Coin – National Gold & Silver Dealer Directory today! Welcome Arkansas!!

    This has been fun to explore and see that there seem to be more gold and silver dealers and coin dealers in the area that are sprouting up. I hope investors in this area find their spot to buy and sell their precious metals.

    Arkansas gold and silver dealers offer comprehensive precious metals services, from bullion trading to rare coin collecting. These experienced businesses can help whether you’re investing in gold, collecting rare coins, or selling inherited silver.

    Find your dealer, make the call, and take the next step in your precious metals investment or collection

    Happy Investing everyone! -V.

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    Mining firm Freeport-McMoRan jumps 4%

    “American industries depend on copper, and it should be made in America, no exemptions, no exceptions,” Commerce Secretary Howard Lutnick said. “It’s time for copper to come home.”

    But while the tariffs could be positive for the domestic metals sector, implemented copper tariffs could amplify costs across several segments of the economy. Copper has a broad range of uses, and its cost is an input in the price of everything from electronics to construction materials.

    Trump’s tariff probe sparked a surge in copper futures, which rose 1.76% Wednesday morning.

    Source – Markets Insider

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    Gold prices on the rise to record highs

    At the time of writing, the XAU/SD trades at $2,755 after bouncing off daily lows of $2,741

    The US Dollar Index (DXY), which measures the performance of the Greenback against a basket of six peers and usually correlates inversely to Gold, rises 0.08%, up at 108.16.

    Gold prices are set to challenge record high of $2,790 amid ongoing US trade policies uncertainty. 

    Source – FXSTREET

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    Silver Continues to See Same Ceiling

    The silver market continues to threaten the same barrier, which starts at the $32.35 level, and then reaches the $32.50 level before it is all said and done. Because of that, the market, I believe, is just simply grinding away or even pecking away, if you will, at the barrier that has been one of the biggest factors here in the silver market.

    Source – FXEMPIRE / Opinion