Over the Weekend!

ByVictoria

The Price Of Gold From 2021-22 Has Long Rejected ‘Bidenflation’

Considering the price of gold throughout 2021, it averaged out to roughly $1,798/ounce, meaning the value of the dollar actually rose around 3 percent right at the time that the economy-sapping tax that is government spending continued under Biden, and allegedly caused “inflation.” To be clear, government spending is the worst tax of all exactly because it substitutes central planning of resources by the government for that of the private sector. Still, it logically doesn’t cause higher prices, or “inflation,” and it didn’t if gold is to be believed.

Source – Forbes

Silvercorp Metals Boosted By El Domo

Silvercorp’s El Domo project in Ecuador is set to boost revenues by 50% when it begins operations and diversify operations reducing jurisdictional risk.

Source – Seeking Alpha / Mountain Valley Value Investments

Hope you had a LOVEly Valentines weekend!

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    Silver stays strong

    ByVictoria
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    The silver market has seen a lot of noise at the $33 level, as it is a major resistance level from what I can see. At this point, you need to understand that the silver market is not just a precious metal, but an industrial one.

    Source – FX Empire

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    Gold Hits Record in Volatile Session

    ByVictoria
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    “Until we see clarity on the US policies, both trade-related and economic, it will create an environment for increased levels of gold volatility,” said Joseph Cavatoni, senior market strategist for North America at industry lobby the World Gold Council. “So, while we might see a $3,000 gold price, we expect there could be ongoing movements that bring us back below.”

    Spot gold was down 0.1% at $2,905.73 an ounce at 10:28 a.m. in London, after rising to as high as $2,942.68. Silver, platinum and palladium were all lower. The Bloomberg Dollar Spot Index was steady after climbing on Monday. 

    Source – Bloomberg

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    ERO Copper stock rating upgraded at TD Securities

    ByVictoria
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    On Wednesday, TD Securities shifted its stance on ERO Copper Corp (ERO:CN) (OTC: ERRPF), raising the stock rating from Hold to Buy, while adjusting the price target to Cdn$23.00, down from the previous Cdn$26.00. The upgrade reflects a change in sentiment based on the company’s current share price and its future growth prospects.

    The analysts at TD Securities anticipate a significant turnaround in free cash flow (FCF) starting in the second quarter of 2025. They project a 95% year-over-year improvement in copper production for the current year, with expectations for continued growth into 2026.

    Source – Investing.com

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    Perth Mint’s gold and silver rise

    ByVictoria
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    Sales of gold coins and minted bars rose to 25,103 ounces in February, up 35% from January. On a year-on-year basis, they were down 47%.

    Silver product sales increased to 482,451 ounces in February.

    “It is heartening to see the increase in sales on January levels given precious metals prices remain at record highs,” said Neil Vance, Perth Mint’s general manager of minted products.

    Source – Reuters

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    Investors rushing to safe-haven, gold

    ByVictoria
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    Spot gold hit a record $3,004.86 per ounce on Friday, marking its thirteenth all-time high in 2025. Prices have already climbed 14% this year, after surging 27% in 2024.

    “With continued central bank buying, there are multiple factors driving demand. In a backdrop of geopolitical uncertainty and ongoing tariff changes, appetite for gold remains strong,” said Standard Chartered analyst Suki Cooper.

    “The inflation data is helping to give the market confidence that the easing cycle will continue, given concerns around inflation and growth,” said Standard Chartered analyst Suki Cooper.

    Source – Reuters