1. Stocks rebound yesterday to plug their losing streak, metals pull back
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  2. Good Weds Morning! Gold is down 3 to 1252, while Silver is down 8 to 18.16. Crude is up 27 to 4864. The USD is up 9 to 9964.
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  3. Week of 3/25/2017 Closing prices & Chg Over Last Wk---- Gold $1248.50-- UP 18.30 Silver $17.75-- UP 34 Oil $47.97-- DOWN 134 TICS USD $99.42 -- DOWN 66 tics

Why Mining Is In A 'Good Spot' - Yamana Gold CEO

Discussion in 'Gold Silver (All things Metal)' started by Scorpio, Mar 1, 2017.

  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

    Mar 25, 2010
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    vid interview at link:

    Why Mining Is In A 'Good Spot' - Yamana Gold CEO

    Mar 01, 2017

    Gold prices are likely to stabilize this year, creating a new foundation for higher prices, but not for the reasons most would think, this according to Yamana Gold CEO Peter Marrone. ‘I believe what influences the gold price…it’s more history than it is economics,’ he told Kitco News’ Daniela Cambone on the sidelines of the BMO Metals & Mining conference. ‘Supply and demand clearly are important factors to it but a lot of it is also what goes to that emotional side as well.' Because of this, Marrone said he isn’t too ‘fussed’ about with what will happen to the Fed’s Fund rate or the U.S. dollar, two factors that have been negatively affecting the yellow metal.


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