Silver miners are up by double digits, and lithium gets a lift from a big financing deal
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Financial markets ended the week on strong footing as stocks, gold, and Bitcoin all trended higher, with the S&P besting its previous all-time high by a hair, while gold bulls stampeded their way above $2,700/oz for the first time in history.
On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.
Gold has room to run, according to Kitco's weekly gold survey. 94% of Main Street expects gold to go higher. 72% of Wall Street expected the same. The remainder in both expected gold to go sideways or lower.
Silver added about $3 for the week to close above $33.7. Many silver miners were up sharply for the week with Pan American Silver, First Majestic Silver and SilverCrest all up by double digits.
On Wednesday Lithium Americas announced that GM will contribute $625 million to a joint venture to develop the Thacker Pass project in Nevada.
United States
