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Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
In the cutthroat arena of Wall Street, where tech titans like Nvidia Corp NVDA once reigned supreme with AI-fueled rocket rides, a gritty gang of gold miners is now delivering a merciless pummeling. Market guru Larry McDonald, the sharp-tongued founder of The Bear Traps Report and New York Times bestselling author, dropped a bombshell chart on X showing the gold miners-tracking VanEck Gold Miners ETF GDX soaring while Nvidia's stock ratio craters to 2.518.
2025's story has some run left, but it's fair to say that tariff turbulence has been a key story. Investors saw U.S. stocks swoon in the spring, while foreign equities spiked.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Gold price forecast remains bullish with strong support zones and key PPI data likely to shape the next breakout move.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN) has posted a strong set of annual numbers and raised the stakes for the year ahead, helped by a buoyant gold price and new ounces coming on stream. Group gold production rose 5.6% to 196,527oz in the year to 30 June, with second-half output a record as the Mogale Tailings Retreatment (MTR) plant ramped up and the newly acquired Tennant Mines in Australia delivered its first pour in May.
Gold and crude oil prices extended gains on Wednesday, with copper prices remaining largely unchanged from the previous close. Silver prices jumped by more than 1% on Wednesday as the metal flirted with the $42 per ounce level.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Market timers have rarely been this bullish about stocks, bonds and gold.