Silver Continues to See Support
The silver market has seen a bit of support in this area again, as the silver market continues to be one that is bullish but also has to watch what is going on in the US dollar markets.
Source – FX Empire
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Glencore talks sale of African copper mines
Glencore owns the Mutanda copper cobalt mine and has 75% stake in Kamoto Copper Company leaving the mines value at $6.8 billion dollars.
The full article is published under Financial Times. I am unable to share more info on this topic but please check out the link.
Superman silver Coins are available with subscription
The subscription option for ordering the first numismatic product in the U.S. Mint’s Comic Art Coin and Medal Program is open.
The subscription option opened June 12 for just one item among the first issues in the series depicting DC Comics superhero Superman.
The Son of Krypton’s powerful debut includes a 1-ounce silver medal struck in .999 fine silver, a 2.5-ounce .999 silver medal, and a half-ounce .9999 fine gold $50 coin.
Only the 1-ounce silver medal is available via subscription, priced at $135. Subscription orders are limited to five medals per household for the first 24 hours, and this order limit is subject to change.
The Superman products will begin shipping in the fall.
Source – Coin World
“Liberation Day” tariffs!
Stocks recoiled on Wednesday, while safe-haven gold held near record highs as a nervous world awaited details of U.S. President Donald Trump’s tariff plans and investors fretted about the risks of an intensifying global trade war.
“Whatever’s announced today, I doubt very much will be the framework that’s in place in, say, nine months’ time because we know there’ll be negotiations around this,” Daiwa Capital economist Chris Scicluna said.
“It’s very difficult to predict with any confidence what the ultimate impact is going to be, whether broadly, economically, in terms of rates or in terms of stock markets,” he said.
“Investors are hoping for some clarity, and perhaps the start of the deal-making phase. But tariffs are already weighing on business sentiment, and this will probably feed through into lower global economic activity in the coming months,” said Ben Bennett, Asia-Pacific investment strategist at Legal & General Investment Management.
Source – Reuters
Over a week low on Gold
Gold touched a more than one-week low on Thursday after a U.S. federal court blocked President Donald Trump’s “reciprocal tariffs”, dampening the metal’s safe-haven allure, while a robust dollar further pressured prices of the precious metal.
Spot gold was down 0.5% at $3,273.37 an ounce, as of 0431 GMT, after hitting its lowest since May 20.
But the gold market is still bullish as “longer term outlook suggests a weaker dollar and there’s still likely to be some inflationary pressures near term,” Frappell said.
Spot silver rose 0.6% to $33.19 an ounce, platinum was up 0.6% to $1,080.90 and palladium edged 1.3% higher to $974.69.
Source – Reuters
Silver Continues to See Buyers on Dips
Silver has initially fallen significantly in the early hours of Tuesday, as the market reacted to the ceasefire, taking out some of the “risk trade.” However, we are holding the range again. Ultimately, there are a lot of “moving pieces” to pay attention to.
Source – FX EMPIRE
McEwen Mining Inc. stock
Source – MSN