What's Next for the Dollar, Precious Metals?

Source: GoldAlert (4/21/11)

"The USD, currently at near three-year lows, is pushing PM gains."

Precious metals and precious metals stocks are higher once again. Gains in the silver price are again outstripping gold on a percentage basis. Gold ETFs are shining, pushed by the string of daily losses in the U.S. Dollar Index (DXY), which is presently sitting near three-year lows.

Holly Hendershot, analyst on the Global Precious Metals at TD Commodities, commented on the weakness in the U.S. dollar and the potential for an even deeper selloff in the greenback.

"The market will listen keenly for any further clues when Fed Chairman Bernanke speaks to the press on Wednesday. Any indication of a continued dovish stance means the party continues and we head on up."

Hendershot noted, "Precious metals this morning show little if any sign of the much-anticipated pullback."

Co. Expands Gold Project With Acquisition
Source: Mike Niehuser (04/23/2024)

With New Found Gold Corp.'s Queensway Gold Project has the potential to become a world-class gold district, according to a Roth MKM research note.

Testing at Project in Spain Shows High Grades of Zinc, Copper
Source: Streetwise Reports (04/23/2024)

Emerita Resources Corp. has announced preliminary test results from its ongoing metallurgical testing program at its wholly owned Iberian Belt West (IBW) project in Spain. Find out why one analyst called the company a "very attractive resource stock play."

Critical Minerals Co. Upsizes Private Placement Featuring Glencore
Source: Streetwise Reports (04/23/2024)

Stillwater Critical Minerals Corp. is upsizing by more than 50% a private placement that also features a lead order from major Glencore Canada Corp. Find out how the market for one of its target metals, copper, is heating up.

Expert Says Copper-Gold Explorer at Right Place at Right Time
Source: Clive Maund (04/23/2024)

Technical Analyst Clive Maund takes a look at Vortex Metals Inc. to explain why he believes the stock is a Strong Buy.

Ecuador Mining Expert With Green Credentials Joins Co.'s Board
Source: Streetwise Reports (04/22/2024)

BacTech Environmental Corp. announced that the president of the Board of Directors of the Mining Chamber of Ecuador has joined the green tech company's Board of Directors. Read why one expert calls the company's technology "uber-exciting stuff."