#Gold caught a bid as it hit $1700/oz. Can it keep it up? $GLD

#Gold caught a bid as it hit $1700/oz. still down $20 

MasterMetals Tweets: #Gold caught a bid as it hit $1700/oz. still down ...: $GLD — MasterMetals(@MasterMetals

#Gold Needs to Catch a Bid, but #Seasonality Isn’t On Its Side

Seasonal Gold Chart — Last 30 years

Metals Charts (Weekly): Gold, Silver, Copper, Palladium, Platinum, GDX, GDXJ, SIL, GLD, Miners, mining stocks

“You can’t have #GreenEnergy without #Mining.” There aren't enough raw materials being produced to replace millions of ICE vehicles with #EVs

“You can’t have green energy without mining,” Mark Senti, chief executive of Florida-based rare earth magnet company Advanced Magnet Lab Inc. “That’s just the reality.”

Rare earth magnets are used to make a range of consumer electronics as well as precision-guided missiles and other weapons.

Two sources familiar with White House deliberations on domestic mining told Reuters that Biden plans to allow mines that produce EV metals to be developed under existing environmental standards, rather than face a tightened process that would apply to mining for other materials, such as coal.

Biden is open to allowing more mines on federal land, the sources said, but won’t give the industry carte blanche to dig everywhere. That will likely mean approval of mines for rare earths and lithium, though certain copper projects – including a proposed Arizona copper mine from Rio Tinto Plc opposed by Native Americans - are likely to face extra scrutiny, the sources said.