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The silver price hasunderperformed gold so far in 2017, and was up less than 10 percent year-to-date at the end of Q3. The white metal has put on a mixed performance since last year.In 2016, silver fell from over $20 per ounce in September to an eight-month low of $15.63 in December. It recovered to over $18 at the start of 2017, buthit a 15-month low of $15.19 in Julybefore rallying backtoabout $18 in early September. As of 11:00 a.m. PST on Wednesday (October 4), silver was at $16.63. Silver is trending so far this quarter at $16.88, and looks [...]

Pershing Resources Company (OTC PINK:PSGR) announced that it has posted additional summary assay data from its ongoing surface sampling program on its New Enterprise Property. Five surface samples, ranging in weight from 1.9 to 2.27 kilograms, were collected from an area of exposed fault breccia with multiple veins converging from the wider site. Individual assays ranged from 2.52gpt to 13.3gpt for gold/Au, and 202gpt to 391gpt for silver/Ag. Pershing Resources' CEO Steve Plumb said: These results show good potential from the New Enterprise. We are accumulating data from a number of potential development sites on the property that we are [...]

Editor Mark O'Byrne Safe haven silver to outperform gold in Q4 and 2018 Expect silver to eventually outperform gold sayMetals Focus 2017 YTD, silver has underperformed gold, climbing by 5% versus 11% Silver undervalued versus gold and especially stocks, bonds and many property markets Will follow gold's reactions to macroeconomic & geopolitical factors and should outperformgold Special report on India shows it accounts for just 16% of global silver demand Silver a safe haven at times during which gold failed to be according toacademic research Since the beginning of 2017 the silver price has disappointed many investors. With a5% gain [...]

September saw fewer live coin auctions that August, however Heritage led the Long Beach sales followed by the Goldbergs. There is increasing demand for the fresh and/or rare as one national dealer puts it. Both types of material are in short supply in the current market as sellers are sitting on their hands waiting for the market prices to go up. Ironically, there's little need for sellers to wait, because fresh material is realizing very strong premiums and often rendering published prices irrelevant as buyers are starved for interesting material. Below is a recap of our pricing updates that can [...]

BY JOHN FEIGENBAUM, PUBLISHER& PATRICK IAN PEREZ, EDITOR The October Quarterly I issue marks the beginning of the final pricing cycle for the 2017 calendar year. In this issue we evaluate Colonials through quarters, and Hawaiian issues. The one aspect of the rare coin market that is becoming most apparent is the lack of truly fresh material. Yes, there are large public auctions every month with lots of material, but collectors and dealers alike are starved for items that have been off the market a decade or longer. It is amazing to us to see old green-label PCGS holders and [...]

Run On The Pound ? Jeremy Corbyn Says Should Plan For Right to plan for 'run on pound' if Labour wins says Corbyn and Labour party British pound already down 20% since Brexit, collapse already in play Run on the pound likely due to Labour's 'command economy' approach Collapse in Sterling would undermine UK financial system Portfolios holding sterling and related assets would be significantly affected Pension funds and property the most likely to get hit by run on the pound Gold to benefit as sterling collapse picks up pace Editor: Mark O'Byrne Last week Labour Shadow ChancellorJohn McDonnell said [...]

Avrupa Minerals Ltd.(TSXV:AVU)presents the following update on completed Summer 2017 exploration work. Exploration work is ongoing at several projects in Portugal, and the summer program in Kosovo has been completed. Partners are funding two projects in Portugal: Alvito with OZ Minerals and Covas with Blackheath Resources Inc. In Kosovo, Byrnecut International, through the JV company Peshter Mining JSC, is operating the Slivovo Gold Project. Avrupa continues to review new projects in Germany, Kosovo, Portugal and elsewhere in Europe. Avrupa plans to attend the Mines and Money Americas Conference in Toronto (October 3-4). The Company's technical and financial management will be [...]

Mandalay Resources' (TSX:MND) share price fell 2.99 percent on Monday (October 2) afteritplacedits Chile-based Cerro Bayooperations on care and maintenance. Cerro Bayoconsists ofmultiple underground silver-gold mines, and output was suspended on June 9 after the Delia NW vein flooded andtwo miners went missing. On June 27,Mandalay announcedthatefforts to search and locate the two minershad been unsuccessful and said it had ruled out the possibility of finding them alive. Three days later, the firm's subsidiary, Compania Minera Cerro Bayo, gave notice of force majeure toCerro Bayo's primary customers, suppliers and contractors.Once under forcemajeure,Mandalay'scontractual obligationsto those parties were suspended. "Silver Demand Forecast [...]

Russia Gold Rush Sees Record Reserves For Putin Era by Yuliya Fedorinova of Bloomberg via Irish Independent Vladimir Putinis doing his part to keep the upswing in gold alive. Since the Russian president went on a geopolitical offensive in Ukraine in 2014, thehaven assethad itsfirst annual gain in four years in 2016 and is on track for another in 2017. Click to enlarge. Russia added another 500,000 ounces of gold to it's reserves in August. Source: Goldchartsrus.com A beneficiary ofeconomic and political perils from North Korea to Brexit, it's among the top-performing commodities this year. Meanwhile, theBank of Russia has [...]