Shows
Kitco NEWS InterviewsAcquirers need to pay fair value - Yamana's MarroneZero premium acquisitions are a thing of the past, according to Peter Marrone, executive chair of Yamana Gold (NYSE:AUY) who stressed acquirers need to pay fair value.
Marrone spoke to Kitco correspondent Paul Harris at BMO's Global Metals & Mining Conference held in Florida last week.
Yamana recognizes that it may potentially be a target following the acquisition of Kirkland Lake Mining by Agnico Eagle Mines, given it has a 1 million ounces a year production profile at an all-in sustaining cost of around US$900 per ounce, and a number of development projects.
2022-03-1520 minKitco NEWS InterviewsFears of a hawkish Fed are 'ridiculous' - Ronald-Peter StoeferleWith a wobbly economy and too much household wealth tied up in equities, the markets have less to fear from a hawkish Fed, said Ronald-Peter Stoeferle, responsible for fund management and research at Incrementum AG.
Stoeferle spoke to Kitco on Tuesday. He said there may be a once-a-done rate hike instead of several rate increases some were expecting as the Federal Reserve tries to tamp down inflation.
"Inflation numbers are coming down, so we can actually take a little bit more time with our rate hike campaign. I cannot emphasize it enough: I think the market is expecting [too] much...
2022-02-0815 minKitco NEWS InterviewsWhy gold miners are set for their most profitable year ever While 2020 may have seen gold broach peak prices in some currencies, the average cost of the metal in 2021 is a bigger boost for gold miners, according to Ronald-Peter Stoeferle. Stoeferle spoke to Kitco on Friday. He is managing partner at Incrementum AG. "The average gold price is at an all-time high," said Stoeferle commenting on 2021. "Of course we are seeing some cost inflation when it comes to labor and materials, but the margin of the producers is still spectacularly high."
2021-11-1517 min
Dave's Daily Crypto TakeDDCT #53 - 9/13/2021 (From getting robbed of millions to even losing their lives – These influencers and Bitcoin traders have paid a very heavy price for flaunting excessive wealth on Instagram.)#Bitcoin #influencers #elsalvadorI'd like to welcome everyone to my new YOUTUBE CHANNELDave's Daily Crypto TakeIn this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.ARTICLES used in today's video:https://uk.finance.yahoo.com...
2021-09-1340 minKitco NEWS InterviewsBull vs. bear debate: Will stocks, gold, bitcoin crash or rally? Peter Grandich & David BarseDavid Barse, CEO of XOUT Capital, and Peter Grandich, founder of Peter Grandich & Co. join Kitco’s David Lin to discuss the outlook on equities, gold, and Bitcoin.
2021-05-1945 minKitco NEWS InterviewsWhat's driving this market into 'bubble' territory - Peter GrandichPeter Grandich, founder of Peter Grandich & Co., discusses what he believes are the asset classes that are critically overvalued right now.
"We're in some very, very deep troubled times, perhaps the most troubled times for America, ever," Grandich told David Lin, anchor for Kitco News.
2021-04-2020 minKitco NEWS InterviewsWhat happens to gold next, and where are yields headed? Peter HugThe 10-year yield has climbed to 1.56% Friday morning, but can rise to as high as 1.7% before the Federal Reserve steps in to intervene, said Peter Hug, global trading director of Kitco Metals.
2021-03-0518 minKitco NEWS InterviewsGold price sees more weakness as yields strengthen, what's next? - Peter HugPeter Hug, global trading director of Kitco Metals, breaks down the gold market’s recent price action and the next key support and resistance levels to watch for.
2021-02-2615 min
Kitco NEWS RoundtableCopper reaches tipping pointWith copper hitting a multi-year high, copper projects can start moving into the development phase, said Ashley Heppenstall, director at Lundin Mining and chair of Joemaria Resources.On Friday Heppenstall joined editor Neils Christensen, correspondent Paul Harris and mining audiences manager, Michael McCrae to record Kitco Roundtable. Lundin Mining (TSX:LUN) is a copper, nickel, zinc and gold producer. Today, the company reported a $498.1 million in gross profit, an increase of $57.7 million in comparison to the prior year off of strong base metal prices. Heppenstall's Josemaria Resources is advancing a copper-project in Argentina. Th...
2021-02-201h 11Kitco NEWS InterviewsRising yields have not changed gold’s long-term bull course – Peter HugRising yields and a stronger dollar from earlier this week have put pressure on gold, but the long-term macroeconomic fundamentals have not changed for the metal’s bullish outlook, said Peter Hug, global trading director, who added that we are still in the early innings of a bull cycle.
“I think gold has been mirroring the dollar and the dollar has been strengthening in the beginning of this week on the 10-year [yield] surging. Last Friday when we spoke the 10-year was trading around 1.12%, 1.14%, it’s now at 1.32%. So the yields on the 10-year have been going up this week and th...
2021-02-1917 minKitco NEWS InterviewsGold price is not showing a top yet says Peter HugThe current bull market cycle in the metals is far from over, and the Federal Reserve would need to reverse course on monetary policy before we see a top in prices, said Peter Hug, global trading director of Kitco Metals.
2021-02-1219 minKitco NEWS InterviewsSilver margin requirements increase; price collapses – Peter HugThe silver price dropped 10% on Tuesday as the CME raised margin requirements for silver contracts.
Peter Hug, global trading director of Kitco Metals, said that the silver squeeze attempt has now “backfired” as bullion inventories have run dry as a result, and with premiums up and few physical products to sell, it is now even more difficult for retail investors to push the price up.
2021-02-0215 minKitco NEWS InterviewsInvestors are taking profits in gold, stocks, but why? Peter HugGold’s reaction to bad economic data continues to be weakness; the precious metal is down almost 1% on Friday. Peter Hug, global trading director of Kitco Metals said that it is only a matter of time before the metal reverts course.
2021-01-1515 minKitco NEWS InterviewsHere’s why your retirement plan is in danger right now says Peter GrandichMore retirees are rushing into equities, especially stocks with high dividend yields, but the sentiment on equities markets has now reached mania levels, said Peter Grandich, founder of Peter Grandich & Co.
2021-01-1323 minKitco NEWS InterviewsWhat happens to gold after Georgia Runoffs? Peter HugWhether the Democrats or Republicans take the two Senate seats in Georgia will determine how much stimulus the economy will get, said Peter Hug, global trading director of Kitco Metals.
2021-01-0621 minKitco NEWS InterviewsWhat $10,000 gold price means for the financial system - Peter Hug$10,000 gold price would mean the end of the financial system, as we know it.
Peter Hug, Global Trading Director of Kitco Metals, talks about likely scenarios for inflation, the economy, gold, and silver for 2021.
2020-12-1920 minKitco NEWS InterviewsCan gold continue its bounce back? Here is Peter Hug’s year-end targetGold has bounced back from its support level of the low $1,800s, and is on track to touch $1,920 by Christmas time, said Peter Hug, global trading director of Kitco News.
2020-12-1212 minKitco NEWS InterviewsPeter Hug breaks down the ideal allocation into gold and silverWhat is the short-term trend for gold? Is the long-term outlook still positive? How much, if any, of the metals should be in your portfolio now? Peter Hug, global trading director, answers these questions.
2020-11-3015 minKitco NEWS InterviewsGold price plummets $100, can it go lower? Pfizer, travel stocks soar, Zoom tanksGold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%).
Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’.
2020-11-1516 minKitco NEWS InterviewsGold goes higher because more stimulus must come - HugThe stimulus will happen no matter who wins and that is good for metals and gold, said Peter Hug, Kitco’s head of the precious metal division.
Hug spoke to Kitco News Thursday as Republican and Democrat leadership continued negotiating a COVID-19 stimulus package in excess of $2 trillion.
Some Republican senators are holding out, but Hug said a deal will happen because there is too much pressure from businesses and the states.
2020-10-2308 min