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(Kitco News) - Gold prices are again sharply higher and hit a record high of $2,064.90, basis October Comex futures, in early U.S. trading Thursday. Silver prices are also sharply higher and hit a more-than-seven-year high of $28.54, basis September Comex futures. October gold futures were last up $25.00 an ounce at $2,062.10. September Comex silver prices were last up $1.45 at $28.34 an ounce. Importantly, while there are no early chart clues to suggest the gold and silver markets are close to major tops, both are now getting short-term overbought, technically, and are due for downside corrections in the...

(Kitco News) Gold prices are sharply higher and hit a record high of $2,048.00, basis October Comex futures, in early U.S. trading Wednesday. Silver prices are also sharply higher and hit a seven-year high of $27.195, basis September Comex futures. October gold futures were last up $35.00 an ounce at $2,043.50. September Comex silver prices were last up $0.987 at $27.03 an ounce. Gold and silver are continuing on a bullish rampage. Both metals continue to see support from safe-haven demand amid the worrisome rise in Covid-19 infections, geopolitical developments and concerns about problematic price inflation in the coming months....

Just noticed a bit of a jump in metals. Any reason, that anyone is aware of? They are all up at the moment. Somewhat interesting, anyway. Gold is up more than $20 now. It was around here before, around a week ago. That time it plunged, right back down. What will happen this time?

He was the only person to sign all four of these America's founding documents: Articles of Association, 1774; Declaration of Independence, 1776; Articles of Confederation, 1777; U.S. Constitution, 1787. Who was he? Roger Sherman. At age 19, Roger Sherman's father died and he supported his family as a shoe cobbler, helping his two younger brothers to attend college and become clergymen. Roger Sherman was a surveyor and merchant, but when a neighbor needed legal advice, he studied to help, only to be inspired to become a lawyer. Sherman was elected a state senator, a judge and a delegate to the...

Gold is up to $1964. Silver is up to $25.54.

Gold price is up $40 today.  This is the dollar depreciating as the price of gold surges. https://www.kitco.com/market/  

In the morning of Asian trading hours on Monday, spot gold traded at about $1,931.11 per ounce after earlier trading as high as $1,943.9275 per ounce. Those levels eclipsed the previous record high price set in September 2011.

Precious metals rallied to their highest levels in years on Tuesday as a fresh economic stimulus in Europe and a weak U.S. dollar boosted prices. Spot gold rose $24.50 to $1,840.40 an ounce, its highest level since Sept. 9, 2011, while silver gained $1.34, hitting a more than 6-year high of $21.46 an ounce. At the same time, the U.S. dollar index slid 0.54 percent and neared its lowest point in two years. Tuesday’s price surge reflected "what happened in Europe,” George Gero, managing director at RBC Global Wealth Management and a member of the COMEX board of directors, told...

56a ET Sunday, July 12, 2020 Dear Friend of GATA and Gold: Surreptitious intervention in the gold market by the U.S. government is the target of legislation introduced in the House of Representatives by Rep. Alex X. Mooney, R-West Virginia. In a letter to House colleagues seeking support for his Gold Reserve Transparency Act, H.R. 2559, Mooney writes: "Because there are concerns the U.S. Treasury may have sold, swapped, leased, or otherwise placed encumbrances upon some of America's gold, H.R. 2559 also requires a full accounting of any and all sales, purchases, disbursements, or receipts; a full accounting of any...

LONDON (Reuters) - Gold pushed above $1,800 an ounce on Wednesday for the first time since 2011, with analysts expecting further gains as investors stock up on an asset they expect to hold its value while the coronavirus convulses the global economy. Spot gold prices have surged 40% in the last 14 months and are within striking distance of 2011's record high of $1,920.30 an ounce. "We'll be challenging the $2,000 level by the end of the year," said Ross Norman, an independent analyst. "We are in a bull market for gold." (Graphic: Gold's latest rally, https://fingfx.thomsonreuters.com/gfx/ce/jznpnzmokpl/GR%20RALLY.JPG) Powering the rally...

Swiss refiners — chief among them Valcambi — are under scrutiny due to the high risk of conflict gold originating in Africa entering their supply chain via the United Arab Emirates. Two parallel NGO reports on the subject were published on Thursday. This content was published on July 16, 2020 - 18:00 July 16, 2020 - 18:00 Dominique Soguel-dit-Picard See in another language: 1 One of the reports, Golden Detour [Détour Dorée] by Bern-based Swissaid, examines the gold trade in the UAE, with a focus on the scandal-stricken Dubai company Kaloti Precious Metals and its ties to Valcambi, a precious...

Money supply has a mixed history. Originally, wealth was measured in precious metals of gold, silver, or copper. Exodus 25:3 "And this is the offering which ye shall take of them; gold, and silver, and copper." Items of gold, silver, or copper had to be weighed. A "shekel" was a fixed unit of weight. Shekels were placed on one side of a scale and on the other side were placed the items of gold, silver, or copper to be weighed. The Bible admonished not cheat, Deuteronomy 25:13 "Do not have two differing weights in your bag -- one heavy, one...

It makes sense that the federal government is stepping in to provide financial relief to the millions of citizens facing economic ruin due to the coronavirus crisis and subsequent government restrictions on activity. But what’s unconscionable is the fact that, thanks to the way Congress spent the last decade ignoring any sense of fiscal responsibility, coronavirus relief must come at the cost of further indebting future generations and dimming the outlook of our financial future. It’s not the $2 trillion price tag on the coronavirus relief bill, passed Wednesday evening by the Senate, that does this in and of itself....

The decade that just ended saw a period of uninterrupted economic growth. In the decade to come, we'll pay for squandering it. Since the so-called Great Recession officially ended in the third quarter of 2009, the United States has enjoyed 42 consecutive quarters of solid if unspectacular economic growth. That's the longest run of uninterrupted growth since government economists began tracking the business cycle in the 1850s, far outpacing the average economic expansion of 18 months. Employment has increased by 12 percent, the jobless rate reached record lows, and America's gross domestic product (GDP) has increased by more than 25...

A bill filed in advance of the next legislative session would make gold and silver legal tender again in the state of South Carolina. State Representative Stewart O. Jones submitted legislation that would restore gold and silver to their status as legal tender in his state. In an op-ed written in October, Representative Jones set out the sound economic principles that support his proposed statute: To understand the full extent of the debt and the destruction of the dollar, it’s essential to realize that paper money has a history of being printed as bills of credit to finance runaway government....

COLUMBIA, S.C. (Nov. 22, 2019) – A bill prefiled in the South Carolina House would make gold and silver coins legal tender in the state. Passage of this bill would take a step toward creating currency competition in South Carolina and undermine the Federal Reserve’s monopoly on money. Rep. Stewart Jones filed House Bill 4678 (H.4678) on Nov. 20. Under the proposed law, “gold and silver coins minted foreign or domestic shall be legal tender in the State of South Carolina under the laws of this State. No person or other entity may compel another person or other entity to...

America needs a bold agenda to solidify the current economic expansion and return hard-earned money to taxpayers. That runs counter to the consensus of those on the left, who want large increases in federal spending and dramatic tax increases to pay for them. Their plans are so expansive that it will require both middle-class payroll tax hikes and broad new taxes on American savers, investors, and employers. Opposing that growth-killing agenda isn’t enough. Conservatives need to draw a stark contrast and push for a second round of tax relief that will let workers keep more of their money, make it...

Google’s announcement that it has achieved “quantum supremacy” with a 53-qubit quantum computer greases the skids for all cryptocurrency and military secrets protected by cryptography to be breakable in a stunning new development that will change the world. The Big Tech corporation’s new quantum processor took a mere 200 seconds to complete a computing task that would normally require 10,000 years on a supercomputer. The 53-qubit quantum computer can break any 53-bit cryptography in seconds, meaning Bitcoin’s 256-bit encryption is vulnerable once Google scales its quantum computing to 256 qubits, something their own scientists say will be possible by 2022....

According to a report in the Financial Times, a team of researchers from Google led by John Martinis have demonstrated quantum supremacy for the first time. This is the point at which a quantum computer is shown to be capable of performing a task that’s beyond the reach of even the most powerful conventional supercomputer. The claim appeared in a paper that was posted on a NASA website, but the publication was then taken down. Google did not respond to a request for comment from MIT Technology Review.

Google researchers have reportedly achieved “quantum supremacy” The news: According to a report in the Financial Times, a team of researchers from Google led by John Martinis have demonstrated quantum supremacy for the first time. This is the point at which a quantum computer is shown to be capable of performing a task that’s beyond the reach of even the most powerful conventional supercomputer. The claim appeared in a paper that was posted on a NASA website, but the publication was then taken down. Google did not respond to a request for comment from MIT Technology Review.Why NASA? Google struck...