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It seems that precious metals buyers have reacted to the dip in the silver spot price, as the United States Mint has sold 1.29 million American silver eagles through July 12th. This compares to just 960,000 silver eagles sold the entire month of June, and puts the Mint on pace to possibly sell 2.5 million ounces of silver this month. There has been talk about the slumping sales of bullion from the Mint due to the general malaise of metals prices, but its seems this most recent breakout downwards has sparked activity. Additionally, other news worldwide is signaling a resurgence [...]

(Lincroft, NJ-July 14, 2017)- A packedauction room and record numberof bidders online helped drive prices realized toextraordinarilystrong prices. The top lot surprised all in attendance when severalinternet bidders,aphone bidder, andafloor bidder fought it out on lot 431, a fresh to market 1892-S Morgan dollar in PCGS MS64 CAC to a record $293,750 (all prices reported include the 17.5% buyer's premium). We knew early on that this coin would be a highly contested lot as soon as the sale opened for bidding online nearly four weeks prior to the live bidding, explained Julie Abrams, President of Legend Rare Coin Auctions. We [...]

Westhaven Ventures Inc.(TSX VENTURE:WHN) is pleased to announce that exploration has commenced at its Skoonka Creek gold property, located within the prospective Spences Bridge Gold Belt (SBGB), approximately 15 km north of Lytton, British Columbia. The newly acquired 2,783 ha Skoonka Creek gold property is an epithermal-style exploration target that covers prospective stratigraphy in the northern SBGB, a 110 km northwest-trending belt of intermediate to felsic volcanic rocks of the Cretaceous Spences Bridge group. The discovery of coarse placer gold at the confluence of the Nicoamen and Thompson Rivers in 1857 sparked a gold rush that a year later drew [...]

Bank of England warn that bigger systemic risk now than in 2008 BOE, Prudential Regulation Authority (PRA) concerns refinancial system Banksaccused of balance sheet trickery -undermining spirit of post-08 rules EU & UKcorporate bond markets may be bigger source of instability than '08 Credit card debt and car loan surge could cause another financial crisis PRA warn banks returning to similar practices to those that sparked 08 crisis 'Conscious that corporate memories can be shed surprisingly fast' warns PRA Chair Bank of England sees bigger financial risks than in 2008 Editor Mark O'Byrne Stark warnings have been issued by the [...]

Ascendant Resources(TSXV:ASND) (Ascendant or the Company) (Ascendant or the Company) announces zinc equivalent metal production of 6,944 tonnes during the second quarter; 15% higher than the first quarter and up 4% from guidance of 6,664 tonnes at its El Mochito mine in Honduras. Milled production for the month was 50,795 tonnes, an average of 1,693 tonnes per day. The second quarter milling production rate increased 15% against Q1 but was 7% lower than the provided guidance of 1,850 tpd. This was offset by 7% higher than planned metal grades mined on a zinc-equivalent basis and higher processing recoveries. The Company [...]

The gold price jumped on Friday (July 14), and was on track for its biggest weekly gain since mid-May. Flat US inflation data and weaker-than-expected retail sales eased worries aboutanother interest rate increase later this year. The downside surprise in inflation and retail sales data was not good news for the dollar index and investors have pushed their bearish bets further, said Think Markets analyst Naeem Aslam. Gold is the net beneficiary of this data as investors factor in the impact of the rate hiking cycle. Last month, the US Federal Reserve increased interest rates for the second time in [...]

Financial Crisis Of Historic Proportions Is Bearing Down On Us John MauldinofMauldin Economicslatest research note,Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside hiscomfort zonehe has come to the conclusion that we are on the verge of amajor financial crisis, if not later this year, then by the end of 2018 at the latest. Source:Financial Times Mauldin isa New York Times bestselling authorand respected investment expert and his excellent analysis concludes with advicetoprepare urgentlyfor thefinancialcrisis [...]

SANTA ANA, CA. - The Stack's Bowers Galleries Official United States Currency Auction of the ANA World's Fair of Money is now online and open for bidding. This year's auction offers 551 live lots along with 286 Internet-only lots. Headlining the auction is The Cleo Collection of Confederate Paper Money, a complete type collection of Confederate treasury notes of incredible quality. Assembled over more than 50 years, the collection contains a number of notes that are the finest graded or tied for the finest graded, as well as many other notes of exceptional quality. Among the highlights is a rare [...]

While the silver price gained over 10 percent in the first quarter of the year, Q2 was a different story. The white metal dropped about 13 percent in the second quarter, andwas below $16 per ounce as of Thursday (July 13). In a note, Capital Economics economistSimona Gambarini explains that precious metal has been trending downwardsince mid-April, noting that speculators appear to beturning increasingly negative on both gold and silver. The number of short contracts in the silver futures market has increased by over 150 percent since the start of the year, the highest level on record. Read on for [...]

Video Gold Should Probably Be $5000 CME Chairman Duffy Fed has caused frustration and confusion in market place If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce If you look at what is going on the world, gold should probably be $5,000 to $6,000 per ounce Lot of us are so jaded about what is going on in the world, it is like yesterday's newspaper in five minutes One day you will not be able to dismiss them and you will see a huge move in the precious metals Gold coins are probably [...]