There were some hopes that a non-move by the Fed would end the current correction in precious metals and spark a move to new highs. Unfortunately, the Federal Reserve cannot override the supply and demand component of the market.
This week I attended the Denver Gold Forum along with three other U.S. Global Investors representatives, including our resident precious metals expert Ralph Aldis.
Gold's lacklustre trading since the start of summer sees $1.7 billion pulled out of top gold ETF as hedge funds slash bullish bets to lowest since May.
After a difficult first half, Nord Gold's now set up for over 1.2moz per year after start-up at Bouly mine in West Africa and major Russian development.
The equipment maker is currently spending most of its R&D budget in its digital area, which aims to help miners reduce the amount of machinery needed at operations.
Mount Rainey Silver’s primary asset is a 100% owned portfolio of 46 Crown-granted mineral claims covering the past-producing, underground Prosperity–Porter Idaho–Silverado silver property located in the Golden Triangle of northwest British Columbia in the Skeena Mining Division.